Conning Inc Portfolio holdings
Conning manages money mainly for insurance companies and pension plans, mostly in bonds and stocks. William S. Conning founded the firm in 1912 to give investment advice to high-net-worth individuals, and it began managing investments for insurers in 1983. Conning has grown by buying majority stakes in specialist managers, including Octagon Credit Investors, which focuses on loans and high yield bonds, in 2016, and the emerging markets debt manager Global Evolution, in which it became majority owner in 2020. It is part of Generali Investments, and its controlling shareholder is Generali Investments Holding, based in Italy.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$23.8M |
| 2 |
Honeywell
HON
|
+$22.5M |
| 3 |
Travelers Companies
TRV
|
+$22.4M |
| 4 |
XLNX
Xilinx Inc
XLNX
|
+$22.3M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$7.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTN
Raytheon Company
RTN
|
+$26.1M |
| 2 |
Nucor
NUE
|
+$25.2M |
| 3 |
Analog Devices
ADI
|
+$23.8M |
| 4 |
Waste Management
WM
|
+$23M |
| 5 |
Ameriprise Financial
AMP
|
+$22.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 18.81% |
| 2 | Industrials | 13.75% |
| 3 | Consumer Staples | 12.57% |
| 4 | Technology | 12.42% |
| 5 | Energy | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $48.6M | 1.94% |
217,474
-5,500
| -2% | -$1.2M |
2013 Q2
14 quarters
|
|
2
AT&T
T
$147B
| $42.2M | 1.68% |
1,315,161
-110,408
| -8% | -$3.26M |
2013 Q2
14 quarters
|
|
3
Microsoft
MSFT
$4.13T
| $40.6M | 1.62% |
652,714
-6,423
| -1% | -$386K |
2013 Q2
14 quarters
|
|
4
ExxonMobil
XOM
$690B
| $39.6M | 1.58% |
438,594
+1,501
| +0.3% | +$131K |
2013 Q2
14 quarters
|
|
5
Johnson & Johnson
JNJ
$665B
| $39.4M | 1.57% |
342,048
+12,239
| +4% | +$1.41M |
2013 Q2
14 quarters
|
|
6
Verizon
VZ
$191B
| $38.6M | 1.54% |
723,811
-5,305
| -0.7% | -$265K |
2013 Q2
14 quarters
|
|
7
iShares Core S&P Small-Cap ETF
IJR
$107B
| $38.1M | 1.52% |
553,642
-52,580
| -9% | -$3.39M |
2013 Q2
14 quarters
|
|
8
iShares MSCI EAFE ETF
EFA
$78.5B
| $37.5M | 1.5% |
649,660
-52,238
| -7% | -$3.01M |
2013 Q2
14 quarters
|
|
9
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.3B
| $36.2M | 1.45% |
120,141
| – | – |
2013 Q2
14 quarters
|
|
10
iShares Core S&P 500 ETF
IVV
$883B
| $34.6M | 1.38% |
153,681
+260
| +0.2% | +$57.1K |
2013 Q2
14 quarters
|
|
11
Pfizer
PFE
$175B
| $34.6M | 1.38% |
1,121,294
-25,852
| -2% | -$789K |
2013 Q2
14 quarters
|
|
12
Procter & Gamble
PG
$388B
| $34.2M | 1.37% |
407,203
+21,173
| +5% | +$1.8M |
2013 Q2
14 quarters
|
|
13
Cisco
CSCO
$408B
| $34M | 1.36% |
1,125,368
-37,417
| -3% | -$1.14M |
2013 Q2
14 quarters
|
|
14
IBM
IBM
$240B
| $33.4M | 1.33% |
210,721
+659
| +0.3% | +$100K |
2013 Q2
14 quarters
|
|
15
PepsiCo
PEP
$194B
| $33.1M | 1.32% |
316,047
+17,323
| +6% | +$1.81M |
2013 Q2
14 quarters
|
|
16
Intel
INTC
$310B
| $32.4M | 1.29% |
892,322
+19,610
| +2% | +$702K |
2013 Q2
14 quarters
|
|
17
Merck
MRK
$371B
| $32.2M | 1.28% |
573,271
+16,230
| +3% | +$950K |
2013 Q2
14 quarters
|
|
18
Coca-Cola
KO
$412B
| $32.2M | 1.28% |
775,899
+49,075
| +7% | +$2.04M |
2013 Q2
14 quarters
|
|
19
Boeing
BA
$140B
| $31.4M | 1.25% |
201,540
-17,765
| -8% | -$2.59M |
2013 Q2
14 quarters
|
|
20
Archer Daniels Midland
ADM
$34.1B
| $31.1M | 1.24% |
681,565
+104,370
| +18% | +$4.62M |
2013 Q2
14 quarters
|
|
21
GE Aerospace
GE
$342B
| $30.9M | 1.23% |
204,366
+853
| +0.4% | +$124K |
2013 Q2
14 quarters
|
|
22
Valero Energy
VLO
$102B
| $30.9M | 1.23% |
452,865
-27,930
| -6% | -$1.72M |
2013 Q2
14 quarters
|
|
23
RTX Corp
RTX
$268B
| $30.6M | 1.22% |
443,550
-14,441
| -3% | -$957K |
2013 Q2
14 quarters
|
|
24
Qualcomm
QCOM
$185B
| $30.5M | 1.22% |
467,408
-11,765
| -2% | -$790K |
2013 Q2
14 quarters
|
|
25
Emerson Electric
EMR
$95.1B
| $29.5M | 1.18% |
528,994
-18,059
| -3% | -$971K |
2013 Q2
14 quarters
|
|
Similar funds
Conning Inc's Q4 2016 Portfolio in Review
As of Q4 2016, Conning Inc held 606 positions worth $2.51B, down 0.05% from $2.51B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Conning Inc withdrew a net $97.6M in Q4 2016, closing 32 positions and reducing 260 holdings. Its most notable exit was Natwest Bank Ads Series C, an estimated $5.15M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 19% of assets, down from 21% a quarter earlier, followed by Industrials and Consumer Staples.
Against the trend, Conning Inc opened a new position in iShares Core Universal USD Bond ETF worth $6.04M.
- Conning Inc's largest Q4 2016 buy was iShares Core Universal USD Bond ETF: 120,100 shares worth $6.04M.
- Conning Inc added most to Amgen in Q4 2016, an estimated $23.8M increase.
- Conning Inc's biggest Q4 2016 reduction was Raytheon Company, cutting an estimated $26.1M.
- Conning Inc fully exited Natwest Bank Ads Series C in Q4 2016, selling an estimated $5.15M.
- Conning Inc's ten largest holdings make up 16% of its $2.51B portfolio in Q4 2016.
- Conning Inc opened 28 new positions and closed 32 in Q4 2016.
- Conning Inc's portfolio value fell 0.05% quarter-over-quarter to $2.51B.
Based on Conning Inc's 13F filing for Q4 2016, filed 2 Feb 2017.