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 |
Mastercard
MA
|
+$16.4M |
| 2 |
IBM
IBM
|
+$5.51M |
| 3 |
Qualcomm
QCOM
|
+$4.26M |
| 4 |
RTX Corp
RTX
|
+$2.88M |
| 5 |
Kimberly-Clark
KMB
|
+$1.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC CORPORATION
EMC
|
+$17M |
| 2 |
LLTC
Linear Technology Corp
LLTC
|
+$3.94M |
| 3 |
Illinois Tool Works
ITW
|
+$2.59M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$271K |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$231K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.13% |
| 2 | Technology | 15.94% |
| 3 | Industrials | 13.81% |
| 4 | Consumer Staples | 10.8% |
| 5 | Financials | 8.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Johnson & Johnson
JNJ
$676B
| $34.6M | 2.92% |
292,531
+3,284
| +1% | +$398K |
2013 Q2
13 quarters
|
|
2
Becton Dickinson
BDX
$57.9B
| $32.3M | 2.72% |
184,117
+2,081
| +1% | +$356K |
2013 Q2
13 quarters
|
|
|
3
Qualcomm
QCOM
$186B
| $31.3M | 2.64% |
457,312
+70,051
| +18% | +$4.26M |
2013 Q2
13 quarters
|
|
|
4
Illinois Tool Works
ITW
$81.9B
| $29.8M | 2.52% |
248,908
-22,310
| -8% | -$2.59M |
2013 Q2
13 quarters
|
|
5
General Mills
GIS
$18.5B
| $29.4M | 2.48% |
460,573
+6,978
| +2% | +$485K |
2013 Q2
13 quarters
|
|
6
3M
MMM
$97.7B
| $27.6M | 2.33% |
187,380
+1,569
| +0.8% | +$234K |
2013 Q2
13 quarters
|
|
7
Novartis
NVS
$308B
| $27.5M | 2.32% |
389,189
+6,977
| +2% | +$508K |
2013 Q2
13 quarters
|
|
8
Chevron
CVX
$412B
| $26.2M | 2.21% |
254,689
+3,839
| +2% | +$392K |
2013 Q2
13 quarters
|
|
9
McDonald's
MCD
$199B
| $26.1M | 2.2% |
225,934
+3,376
| +2% | +$400K |
2013 Q2
13 quarters
|
|
10
DELISTED
Valspar
VAL
| $24.5M | 2.06% |
230,528
+5,054
| +2% | +$538K |
2013 Q2
13 quarters
|
|
11
Automatic Data Processing
ADP
$121B
| $24.2M | 2.04% |
274,131
+4,449
| +2% | +$403K |
2013 Q2
13 quarters
|
|
12
AT&T
T
$148B
| $24.1M | 2.03% |
784,234
+21,926
| +3% | +$693K |
2013 Q2
13 quarters
|
|
13
Apple
AAPL
$5.06T
| $24M | 2.03% |
849,840
+11,568
| +1% | +$306K |
2013 Q2
13 quarters
|
|
|
14
IBM
IBM
$231B
| $23.8M | 2.01% |
156,832
+36,286
| +30% | +$5.51M |
2013 Q2
13 quarters
|
|
15
Realty Income
O
$56.6B
| $23M | 1.94% |
354,475
+7,924
| +2% | +$523K |
2013 Q2
13 quarters
|
|
16
J.M. Smucker
SJM
$14.3B
| $21.1M | 1.78% |
155,692
+6,466
| +4% | +$949K |
2013 Q2
13 quarters
|
|
|
17
Kimberly-Clark
KMB
$68B
| $20.5M | 1.73% |
162,849
+8,369
| +5% | +$1.08M |
2013 Q2
13 quarters
|
|
18
Coca-Cola
KO
$417B
| $20.5M | 1.73% |
484,147
+23,184
| +5% | +$1.02M |
2013 Q2
13 quarters
|
|
19
Republic Services
RSG
$75.4B
| $20.4M | 1.72% |
403,951
+9,162
| +2% | +$469K |
2013 Q2
13 quarters
|
|
20
Steris
STE
$25B
| $19.9M | 1.68% |
272,904
+5,517
| +2% | +$390K |
2013 Q2
13 quarters
|
|
21
United Parcel Service
UPS
$94.6B
| $19.5M | 1.64% |
177,882
+4,703
| +3% | +$514K |
2013 Q2
13 quarters
|
|
|
22
RTX Corp
RTX
$270B
| $18.7M | 1.58% |
292,581
+43,442
| +17% | +$2.88M |
2013 Q2
13 quarters
|
|
23
Assurant
AIZ
$15.8B
| $18.4M | 1.56% |
199,982
+7,476
| +4% | +$654K |
2015 Q4
3 quarters
|
|
24
Xcel Energy
XEL
$51.4B
| $18.4M | 1.56% |
448,253
+10,050
| +2% | +$430K |
2013 Q2
13 quarters
|
|
25
ExxonMobil
XOM
$671B
| $18.4M | 1.56% |
211,173
+2,004
| +1% | +$178K |
2013 Q2
13 quarters
|
|
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Dearborn Partners's Q3 2016 Portfolio in Review
As of Q3 2016, Dearborn Partners held 193 positions worth $1.19B, up 2.8% from $1.15B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Dearborn Partners's Q3 2016 filing shows 9 new, 75 increased, 65 reduced and 6 closed positions. Its largest new stake was Mastercard: 171,443 shares worth $17.4M. The largest sale was EMC CORPORATION, an estimated $17M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
- Dearborn Partners's largest Q3 2016 buy was Mastercard: 171,443 shares worth $17.4M.
- Dearborn Partners added most to IBM in Q3 2016, an estimated $5.51M increase.
- Dearborn Partners's biggest Q3 2016 reduction was Linear Technology Corp, cutting an estimated $3.94M.
- Dearborn Partners fully exited EMC CORPORATION in Q3 2016, selling an estimated $17M.
- Dearborn Partners's ten largest holdings make up 24% of its $1.19B portfolio in Q3 2016.
- Dearborn Partners opened 9 new positions and closed 6 in Q3 2016.
- Dearborn Partners's portfolio value rose 2.8% quarter-over-quarter to $1.19B.
Based on Dearborn Partners's 13F filing for Q3 2016, filed 24 Oct 2016.