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 |
Illinois Tool Works
ITW
|
+$27.3M |
| 2 |
CVS Health
CVS
|
+$26.3M |
| 3 |
General Mills
GIS
|
+$8.05M |
| 4 |
Paychex
PAYX
|
+$6.99M |
| 5 |
AT&T
T
|
+$6.76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Diageo
DEO
|
+$15.7M |
| 2 |
Boeing
BA
|
+$13.2M |
| 3 |
DCUC
Dominion Energy, Inc.
DCUC
|
+$10.6M |
| 4 |
Invesco Senior Loan ETF
BKLN
|
+$9.8M |
| 5 |
SINA
Sina Corp
SINA
|
+$6.75M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.4% |
| 2 | Technology | 13.17% |
| 3 | Industrials | 12.64% |
| 4 | Consumer Staples | 12.27% |
| 5 | Healthcare | 11.02% |
| 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
$796B
| $50.6M | 1.72% |
201,604
-1,770
| -0.9% | -$436K |
2013 Q2
17 quarters
|
|
2
Microsoft
MSFT
$4.01T
| $49.1M | 1.67% |
659,148
-8,995
| -1% | -$657K |
2013 Q2
17 quarters
|
|
|
3
AT&T
T
$146B
| $47.1M | 1.6% |
1,608,922
+238,026
| +17% | +$6.76M |
2013 Q2
17 quarters
|
|
4
Johnson & Johnson
JNJ
$672B
| $46.6M | 1.59% |
358,664
+7,245
| +2% | +$960K |
2013 Q2
17 quarters
|
|
5
iShares MSCI EAFE ETF
EFA
$77.4B
| $44M | 1.5% |
642,981
-74
| -0% | -$4.95K |
2013 Q2
17 quarters
|
|
6
Verizon
VZ
$191B
| $43.6M | 1.48% |
892,698
+20,268
| +2% | +$954K |
2013 Q2
17 quarters
|
|
7
Pfizer
PFE
$166B
| $43M | 1.46% |
1,268,590
+14,588
| +1% | +$469K |
2013 Q2
17 quarters
|
|
8
Cisco
CSCO
$388B
| $41.8M | 1.42% |
1,243,188
+76,309
| +7% | +$2.43M |
2013 Q2
17 quarters
|
|
9
Intel
INTC
$311B
| $40.6M | 1.38% |
1,066,351
+50,050
| +5% | +$1.78M |
2013 Q2
17 quarters
|
|
10
Home Depot
HD
$350B
| $40.4M | 1.37% |
246,754
+12,594
| +5% | +$1.93M |
2013 Q2
17 quarters
|
|
11
Procter & Gamble
PG
$386B
| $40M | 1.36% |
439,206
-4,099
| -0.9% | -$373K |
2013 Q2
17 quarters
|
|
12
iShares Core S&P Small-Cap ETF
IJR
$106B
| $39.9M | 1.36% |
537,253
+27,347
| +5% | +$1.92M |
2013 Q2
17 quarters
|
|
13
Merck
MRK
$363B
| $39.8M | 1.35% |
651,170
+27,531
| +4% | +$1.67M |
2013 Q2
17 quarters
|
|
14
DuPont de Nemours
DD
$20.4B
| $39.7M | 1.35% |
226,426
+10,630
| +5% | +$1.77M |
2013 Q2
17 quarters
|
|
15
Texas Instruments
TXN
$266B
| $39.5M | 1.34% |
440,200
+31,080
| +8% | +$2.56M |
2013 Q2
17 quarters
|
|
16
iShares Core S&P 500 ETF
IVV
$870B
| $39.3M | 1.34% |
155,188
+79
| +0.1% | +$19.6K |
2013 Q2
17 quarters
|
|
17
Emerson Electric
EMR
$95.3B
| $38.8M | 1.32% |
617,892
+46,278
| +8% | +$2.79M |
2013 Q2
17 quarters
|
|
18
Amgen
AMGN
$250B
| $38.8M | 1.32% |
208,124
-6,691
| -3% | -$1.19M |
2013 Q2
17 quarters
|
|
19
IBM
IBM
$234B
| $38.6M | 1.32% |
278,597
+34,747
| +14% | +$4.84M |
2013 Q2
17 quarters
|
|
20
Wells Fargo
WFC
$257B
| $38.5M | 1.31% |
697,227
+125,909
| +22% | +$6.69M |
2013 Q2
17 quarters
|
|
21
Valero Energy
VLO
$99.2B
| $38.4M | 1.31% |
499,237
-7,737
| -2% | -$533K |
2013 Q2
17 quarters
|
|
22
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.5B
| $38.3M | 1.3% |
117,325
| – | – |
2013 Q2
17 quarters
|
|
23
Coca-Cola
KO
$412B
| $37.4M | 1.27% |
831,298
+11,078
| +1% | +$504K |
2013 Q2
17 quarters
|
|
24
Qualcomm
QCOM
$187B
| $37.3M | 1.27% |
719,378
+101,483
| +16% | +$5.37M |
2013 Q2
17 quarters
|
|
25
United Parcel Service
UPS
$94.3B
| $37.2M | 1.27% |
309,893
-7,300
| -2% | -$830K |
2013 Q2
17 quarters
|
|
Similar funds
Conning Inc's Q3 2017 Portfolio in Review
As of Q3 2017, Conning Inc held 620 positions worth $2.94B, up 6.7% from $2.75B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Conning Inc's Q3 2017 filing shows 30 new, 155 increased, 301 reduced and 26 closed positions. Its largest new stake was iShares Preferred and Income Securities ETF: 103,150 shares worth $4M. The largest sale was Diageo, an estimated $15.7M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, down from 18% a quarter earlier, followed by Technology and Industrials.
- Conning Inc's largest Q3 2017 buy was iShares Preferred and Income Securities ETF: 103,150 shares worth $4M.
- Conning Inc added most to Illinois Tool Works in Q3 2017, an estimated $27.3M increase.
- Conning Inc's biggest Q3 2017 reduction was Diageo, cutting an estimated $15.7M.
- Conning Inc fully exited Dominion Energy, Inc. in Q3 2017, selling an estimated $10.6M.
- Conning Inc's ten largest holdings make up 15% of its $2.94B portfolio in Q3 2017.
- Conning Inc opened 30 new positions and closed 26 in Q3 2017.
- Conning Inc's portfolio value rose 6.7% quarter-over-quarter to $2.94B.
Based on Conning Inc's 13F filing for Q3 2017, filed 20 Oct 2017.