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 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$74.9M |
| 2 |
Illinois Tool Works
ITW
|
+$33.6M |
| 3 |
JPMorgan Chase
JPM
|
+$33.1M |
| 4 |
US Bancorp
USB
|
+$32.9M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$16.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Senior Loan ETF
BKLN
|
+$50.2M |
| 2 |
Archer Daniels Midland
ADM
|
+$33.7M |
| 3 |
CVS Health
CVS
|
+$30.3M |
| 4 |
IBM
IBM
|
+$29.5M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$23.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.67% |
| 2 | Consumer Staples | 11.87% |
| 3 | Technology | 11.3% |
| 4 | Financials | 10.93% |
| 5 | Healthcare | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street Blackstone Senior Loan ETF
SRLN
$5.22B
| $74.5M | 2.27% |
+1,585,539
| New | +$74.9M |
2018 Q2
0 quarters
|
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $66.2M | 2.02% |
243,960
+62,230
| +34% | +$16.8M |
2013 Q2
20 quarters
|
|
3
ExxonMobil
XOM
$696B
| $56.9M | 1.73% |
690,507
+34,413
| +5% | +$2.74M |
2013 Q2
20 quarters
|
|
4
Verizon
VZ
$192B
| $54.7M | 1.67% |
1,098,211
+109,849
| +11% | +$5.32M |
2013 Q2
20 quarters
|
|
5
Procter & Gamble
PG
$394B
| $52.6M | 1.6% |
673,261
+101,231
| +18% | +$7.62M |
2013 Q2
20 quarters
|
|
6
AT&T
T
$149B
| $52.1M | 1.59% |
2,170,180
+410,596
| +23% | +$10.3M |
2013 Q2
20 quarters
|
|
7
Merck
MRK
$364B
| $50.7M | 1.54% |
874,726
+13,999
| +2% | +$790K |
2013 Q2
20 quarters
|
|
8
Coca-Cola
KO
$427B
| $49.6M | 1.51% |
1,131,899
+111,038
| +11% | +$4.8M |
2013 Q2
20 quarters
|
|
9
Pfizer
PFE
$165B
| $49.2M | 1.5% |
1,430,654
+53,225
| +4% | +$1.82M |
2013 Q2
20 quarters
|
|
10
PepsiCo
PEP
$198B
| $48.7M | 1.48% |
447,063
+42,546
| +11% | +$4.39M |
2013 Q2
20 quarters
|
|
11
Cisco
CSCO
$377B
| $47.9M | 1.46% |
1,113,662
+56,364
| +5% | +$2.46M |
2013 Q2
20 quarters
|
|
12
Target
TGT
$73.3B
| $46.4M | 1.42% |
610,085
+169,033
| +38% | +$12.4M |
2013 Q2
20 quarters
|
|
13
Texas Instruments
TXN
$277B
| $46.1M | 1.41% |
418,506
+6,336
| +2% | +$686K |
2013 Q2
20 quarters
|
|
14
Amgen
AMGN
$252B
| $45.7M | 1.39% |
247,420
+9,074
| +4% | +$1.61M |
2013 Q2
20 quarters
|
|
15
Emerson Electric
EMR
$91.3B
| $45.2M | 1.38% |
653,321
+52,589
| +9% | +$3.7M |
2013 Q2
20 quarters
|
|
16
Kimberly-Clark
KMB
$67.2B
| $44.7M | 1.36% |
424,613
+71,649
| +20% | +$7.44M |
2013 Q2
20 quarters
|
|
17
Intel
INTC
$317B
| $44.4M | 1.36% |
894,124
-67,862
| -7% | -$3.6M |
2013 Q2
20 quarters
|
|
18
Walmart Inc
WMT
$1.02T
| $44.1M | 1.34% |
1,543,434
+142,785
| +10% | +$4.06M |
2013 Q2
20 quarters
|
|
19
VF Corp
VFC
$8.14B
| $44M | 1.34% |
572,653
-5,302
| -0.9% | -$399K |
2013 Q2
20 quarters
|
|
20
Omnicom Group
OMC
$24B
| $43.8M | 1.33% |
573,909
+37,547
| +7% | +$2.77M |
2013 Q2
20 quarters
|
|
21
Johnson & Johnson
JNJ
$688B
| $43.3M | 1.32% |
357,181
-19,644
| -5% | -$2.45M |
2013 Q2
20 quarters
|
|
22
Qualcomm
QCOM
$185B
| $43.3M | 1.32% |
771,391
+89,282
| +13% | +$4.98M |
2013 Q2
20 quarters
|
|
23
AbbVie
ABBV
$521B
| $42.9M | 1.31% |
463,411
+69,982
| +18% | +$6.83M |
2013 Q2
20 quarters
|
|
|
24
JPMorgan Chase
JPM
$919B
| $42.8M | 1.31% |
411,168
+301,525
| +275% | +$33.1M |
2013 Q2
20 quarters
|
|
25
iShares Core S&P 500 ETF
IVV
$875B
| $42.4M | 1.29% |
155,188
| – | – |
2013 Q2
20 quarters
|
|
Similar funds
Conning Inc's Q2 2018 Portfolio in Review
As of Q2 2018, Conning Inc held 601 positions worth $3.28B, up 5.6% from $3.11B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Conning Inc's Q2 2018 filing shows 26 new, 145 increased, 321 reduced and 29 closed positions. Its largest new stake was State Street Blackstone Senior Loan ETF: 1,585,539 shares worth $74.5M. The largest sale was Invesco Senior Loan ETF, an estimated $50.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 18% of assets, up from 18% a quarter earlier, followed by Consumer Staples and Technology.
- Conning Inc's largest Q2 2018 buy was State Street Blackstone Senior Loan ETF: 1,585,539 shares worth $74.5M.
- Conning Inc added most to Illinois Tool Works in Q2 2018, an estimated $33.6M increase.
- Conning Inc's biggest Q2 2018 reduction was Archer Daniels Midland, cutting an estimated $33.7M.
- Conning Inc fully exited Invesco Senior Loan ETF in Q2 2018, selling an estimated $50.2M.
- Conning Inc's ten largest holdings make up 17% of its $3.28B portfolio in Q2 2018.
- Conning Inc opened 26 new positions and closed 29 in Q2 2018.
- Conning Inc's portfolio value rose 5.6% quarter-over-quarter to $3.28B.
Based on Conning Inc's 13F filing for Q2 2018, filed 25 Jul 2018.