Dearborn Partners Portfolio holdings
Dearborn Partners builds portfolios of companies it expects to keep raising their dividends, an approach it calls its Rising Dividend strategy. Three Chicago investment managers who wanted to offer more personal service joined together to form the firm in 1997. Carol Lippman, who began formulating the Rising Dividend approach in 1993 at another firm, joined in 2011 and manages the strategy, with Michael Andelman as co-portfolio manager. Dearborn also advises the Dearborn Partners Rising Dividend Fund, a mutual fund, and serves financial advisors, high net worth families and institutional investors.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kimberly-Clark
KMB
|
+$8.37M |
| 2 |
Leggett & Platt
LEG
|
+$6.41M |
| 3 |
Southern Company
SO
|
+$3.24M |
| 4 |
Illinois Tool Works
ITW
|
+$2.95M |
| 5 |
Mondelez International
MDLZ
|
+$2.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Accendra Health
ACH
|
+$5.63M |
| 2 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$4.27M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$1.92M |
| 4 |
SunTrust Banks, Inc.
STI
|
+$1.85M |
| 5 |
Baxter International
BAX
|
+$1.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 15.19% |
| 2 | Technology | 14.39% |
| 3 | Healthcare | 12.79% |
| 4 | Consumer Staples | 11.48% |
| 5 | Energy | 11.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Johnson & Johnson
JNJ
$683B
| $27.3M | 2.68% |
261,161
+14,224
| +6% | +$1.44M |
2013 Q2
4 quarters
|
|
2
Chevron
CVX
$422B
| $23.3M | 2.28% |
178,390
+9,306
| +6% | +$1.16M |
2013 Q2
4 quarters
|
|
3
Novartis
NVS
$303B
| $22.9M | 2.25% |
282,336
+19,915
| +8% | +$1.57M |
2013 Q2
4 quarters
|
|
|
4
Illinois Tool Works
ITW
$81.5B
| $21.3M | 2.09% |
243,609
+34,359
| +16% | +$2.95M |
2013 Q2
4 quarters
|
|
5
General Mills
GIS
$17.9B
| $20.4M | 2% |
388,856
+28,053
| +8% | +$1.5M |
2013 Q2
4 quarters
|
|
6
Automatic Data Processing
ADP
$122B
| $19.7M | 1.93% |
282,410
+15,688
| +6% | +$1.07M |
2013 Q2
4 quarters
|
|
7
McDonald's
MCD
$193B
| $18.5M | 1.82% |
183,752
+7,419
| +4% | +$749K |
2013 Q2
4 quarters
|
|
8
3M
MMM
$96B
| $18M | 1.77% |
150,472
+8,831
| +6% | +$1.04M |
2013 Q2
4 quarters
|
|
9
ExxonMobil
XOM
$693B
| $17.7M | 1.74% |
176,141
+6,382
| +4% | +$644K |
2013 Q2
4 quarters
|
|
10
Coca-Cola
KO
$419B
| $17.1M | 1.67% |
402,869
+25,170
| +7% | +$1.02M |
2013 Q2
4 quarters
|
|
11
Apple
AAPL
$5.16T
| $16.8M | 1.65% |
723,928
+57,444
| +9% | +$1.22M |
2013 Q2
4 quarters
|
|
12
Becton Dickinson
BDX
$58.8B
| $15.6M | 1.53% |
135,296
+9,095
| +7% | +$1.03M |
2013 Q2
4 quarters
|
|
13
RTX Corp
RTX
$268B
| $15.1M | 1.48% |
208,116
+9,693
| +5% | +$714K |
2013 Q2
4 quarters
|
|
14
Qualcomm
QCOM
$190B
| $14.9M | 1.46% |
188,585
+14,329
| +8% | +$1.14M |
2013 Q2
4 quarters
|
|
15
VF Corp
VFC
$7.88B
| $14.9M | 1.46% |
250,785
-10,875
| -4% | -$632K |
2013 Q2
4 quarters
|
|
16
Steris
STE
$24.6B
| $14.5M | 1.42% |
270,883
+30,768
| +13% | +$1.58M |
2013 Q2
4 quarters
|
|
17
IBM
IBM
$231B
| $14.2M | 1.39% |
81,871
+4,990
| +6% | +$898K |
2013 Q2
4 quarters
|
|
|
18
Kimberly-Clark
KMB
$65.8B
| $12.9M | 1.27% |
121,318
+78,732
| +185% | +$8.37M |
2013 Q2
4 quarters
|
|
19
DELISTED
Valspar
VAL
| $12.5M | 1.23% |
164,437
+19,453
| +13% | +$1.44M |
2013 Q2
4 quarters
|
|
20
Procter & Gamble
PG
$389B
| $12.3M | 1.21% |
156,765
+6,679
| +4% | +$539K |
2013 Q2
4 quarters
|
|
21
Union Pacific
UNP
$181B
| $12.2M | 1.19% |
121,846
+12,140
| +11% | +$1.18M |
2013 Q2
4 quarters
|
|
22
United Parcel Service
UPS
$94B
| $12M | 1.18% |
116,961
+14,019
| +14% | +$1.41M |
2013 Q2
4 quarters
|
|
23
AT&T
T
$149B
| $11.6M | 1.14% |
434,423
+44,146
| +11% | +$1.18M |
2013 Q2
4 quarters
|
|
24
Air Products & Chemicals
APD
$70.4B
| $11.6M | 1.14% |
97,438
+10,837
| +13% | +$1.21M |
2013 Q2
4 quarters
|
|
25
Republic Services
RSG
$77.1B
| $11.4M | 1.12% |
300,241
+35,584
| +13% | +$1.26M |
2013 Q2
4 quarters
|
|
Similar funds
Dearborn Partners's Q2 2014 Portfolio in Review
As of Q2 2014, Dearborn Partners held 309 positions worth $1.02B, up 11% from $917M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Dearborn Partners deployed $64.1M of net new capital in Q2 2014, opening 17 new positions and adding to 157 existing holdings. Its largest new stake was Leggett & Platt: 192,422 shares worth $6.6M.
By sector, the portfolio is most concentrated in Industrials at 15% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Accendra Health, an estimated $5.63M trimmed.
- Dearborn Partners's largest Q2 2014 buy was Leggett & Platt: 192,422 shares worth $6.6M.
- Dearborn Partners added most to Kimberly-Clark in Q2 2014, an estimated $8.37M increase.
- Dearborn Partners's biggest Q2 2014 reduction was Accendra Health, cutting an estimated $5.63M.
- Dearborn Partners fully exited FAMILY DOLLAR STORES in Q2 2014, selling an estimated $4.27M.
- Dearborn Partners's ten largest holdings make up 20% of its $1.02B portfolio in Q2 2014.
- Dearborn Partners opened 17 new positions and closed 9 in Q2 2014.
- Dearborn Partners's portfolio value rose 11% quarter-over-quarter to $1.02B.
Based on Dearborn Partners's 13F filing for Q2 2014, filed 23 Jul 2014.