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 |
ExxonMobil
XOM
|
+$27.5M |
| 2 |
WestRock Company
WRK
|
+$26.8M |
| 3 |
PNC Financial Services
PNC
|
+$26.7M |
| 4 |
Starbucks
SBUX
|
+$26.7M |
| 5 |
Invesco Senior Loan ETF
BKLN
|
+$25.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Illinois Tool Works
ITW
|
+$30.3M |
| 2 |
XLNX
Xilinx Inc
XLNX
|
+$28.7M |
| 3 |
DuPont de Nemours
DD
|
+$28.6M |
| 4 |
Microsoft
MSFT
|
+$26.9M |
| 5 |
McDonald's
MCD
|
+$26.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 18.9% |
| 2 | Consumer Staples | 12.8% |
| 3 | Technology | 11.86% |
| 4 | Industrials | 10.93% |
| 5 | Healthcare | 10.61% |
| 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
$799B
| $50.3M | 1.66% |
188,381
-13,223
| -7% | -$3.44M |
2013 Q2
18 quarters
|
|
2
Johnson & Johnson
JNJ
$689B
| $46.6M | 1.54% |
333,847
-24,817
| -7% | -$3.46M |
2013 Q2
18 quarters
|
|
3
AT&T
T
$149B
| $46.3M | 1.53% |
1,594,632
-14,290
| -0.9% | -$390K |
2013 Q2
18 quarters
|
|
4
Verizon
VZ
$192B
| $45M | 1.48% |
861,318
-31,380
| -4% | -$1.54M |
2013 Q2
18 quarters
|
|
5
Wells Fargo
WFC
$257B
| $43.9M | 1.45% |
723,493
+26,266
| +4% | +$1.48M |
2013 Q2
18 quarters
|
|
6
Intel
INTC
$316B
| $43.5M | 1.44% |
941,988
-124,363
| -12% | -$5.43M |
2013 Q2
18 quarters
|
|
7
Pfizer
PFE
$164B
| $43.2M | 1.43% |
1,256,322
-12,268
| -1% | -$418K |
2013 Q2
18 quarters
|
|
8
Home Depot
HD
$348B
| $43M | 1.42% |
227,064
-19,690
| -8% | -$3.4M |
2013 Q2
18 quarters
|
|
9
Cisco
CSCO
$378B
| $42.7M | 1.41% |
1,119,736
-123,452
| -10% | -$4.41M |
2013 Q2
18 quarters
|
|
10
Procter & Gamble
PG
$394B
| $42.6M | 1.41% |
463,723
+24,517
| +6% | +$2.2M |
2013 Q2
18 quarters
|
|
11
Texas Instruments
TXN
$277B
| $42.2M | 1.39% |
403,801
-36,399
| -8% | -$3.54M |
2013 Q2
18 quarters
|
|
12
IBM
IBM
$234B
| $41.8M | 1.38% |
285,126
+6,529
| +2% | +$949K |
2013 Q2
18 quarters
|
|
13
iShares Core S&P 500 ETF
IVV
$874B
| $41.7M | 1.38% |
155,188
| – | – |
2013 Q2
18 quarters
|
|
14
Emerson Electric
EMR
$91.2B
| $40.7M | 1.34% |
583,901
-33,991
| -6% | -$2.2M |
2013 Q2
18 quarters
|
|
15
PepsiCo
PEP
$197B
| $40.6M | 1.34% |
338,941
+7,129
| +2% | +$814K |
2013 Q2
18 quarters
|
|
16
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.3B
| $40.5M | 1.34% |
117,325
| – | – |
2013 Q2
18 quarters
|
|
17
Merck
MRK
$363B
| $40.3M | 1.33% |
750,321
+99,151
| +15% | +$5.5M |
2013 Q2
18 quarters
|
|
18
iShares Core S&P Small-Cap ETF
IJR
$106B
| $40.2M | 1.33% |
523,999
-13,254
| -2% | -$999K |
2013 Q2
18 quarters
|
|
19
Valero Energy
VLO
$105B
| $40.2M | 1.33% |
437,868
-61,369
| -12% | -$5.06M |
2013 Q2
18 quarters
|
|
20
Walmart Inc
WMT
$1.01T
| $40M | 1.32% |
1,215,588
-127,554
| -9% | -$3.9M |
2013 Q2
18 quarters
|
|
21
Coca-Cola
KO
$426B
| $39.6M | 1.31% |
862,180
+30,882
| +4% | +$1.42M |
2013 Q2
18 quarters
|
|
|
22
ExxonMobil
XOM
$693B
| $39.1M | 1.29% |
470,147
+332,992
| +243% | +$27.5M |
2013 Q2
18 quarters
|
|
23
Qualcomm
QCOM
$185B
| $38.5M | 1.27% |
601,120
-118,258
| -16% | -$7.17M |
2013 Q2
18 quarters
|
|
24
Cummins
CMI
$61.7B
| $37.6M | 1.24% |
213,035
+1,223
| +0.6% | +$209K |
2013 Q2
18 quarters
|
|
25
Amgen
AMGN
$252B
| $37.5M | 1.24% |
215,897
+7,773
| +4% | +$1.38M |
2013 Q2
18 quarters
|
|
Similar funds
Conning Inc's Q4 2017 Portfolio in Review
As of Q4 2017, Conning Inc held 637 positions worth $3.03B, up 3.1% from $2.94B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Conning Inc withdrew a net $178M in Q4 2017, closing 39 positions and reducing 323 holdings. Its most notable exit was iShares Select Dividend ETF, an estimated $9.36M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 19% of assets, up from 17% a quarter earlier, followed by Consumer Staples and Technology.
Against the trend, Conning Inc opened a new position in Invesco Senior Loan ETF worth $25.1M.
- Conning Inc's largest Q4 2017 buy was Invesco Senior Loan ETF: 1,089,950 shares worth $25.1M.
- Conning Inc added most to ExxonMobil in Q4 2017, an estimated $27.5M increase.
- Conning Inc's biggest Q4 2017 reduction was Illinois Tool Works, cutting an estimated $30.3M.
- Conning Inc fully exited iShares Select Dividend ETF in Q4 2017, selling an estimated $9.36M.
- Conning Inc's ten largest holdings make up 15% of its $3.03B portfolio in Q4 2017.
- Conning Inc opened 44 new positions and closed 39 in Q4 2017.
- Conning Inc's portfolio value rose 3.1% quarter-over-quarter to $3.03B.
Based on Conning Inc's 13F filing for Q4 2017, filed 30 Jan 2018.