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 |
Starbucks
SBUX
|
+$15.4M |
| 2 |
Fortis
FTS
|
+$11.2M |
| 3 |
CVS Health
CVS
|
+$3.93M |
| 4 |
Republic Services
RSG
|
+$1.73M |
| 5 |
Steris
STE
|
+$1.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ITC
ITC HOLDINGS CORP
ITC
|
+$15.2M |
| 2 |
Polaris
PII
|
+$9.8M |
| 3 |
Vanguard High Dividend Yield ETF
VYM
|
+$5.96M |
| 4 |
Vanguard Dividend Appreciation ETF
VIG
|
+$5.61M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$1.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.51% |
| 2 | Healthcare | 15.59% |
| 3 | Industrials | 14.56% |
| 4 | Consumer Staples | 10.35% |
| 5 | Financials | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Johnson & Johnson
JNJ
$683B
| $34.1M | 2.85% |
296,248
+3,717
| +1% | +$429K |
2013 Q2
14 quarters
|
|
2
Illinois Tool Works
ITW
$81.5B
| $30.9M | 2.58% |
252,185
+3,277
| +1% | +$396K |
2013 Q2
14 quarters
|
|
3
Chevron
CVX
$422B
| $30.5M | 2.55% |
259,245
+4,556
| +2% | +$496K |
2013 Q2
14 quarters
|
|
4
Qualcomm
QCOM
$190B
| $30.5M | 2.55% |
467,702
+10,390
| +2% | +$698K |
2013 Q2
14 quarters
|
|
5
Becton Dickinson
BDX
$58.8B
| $30.1M | 2.52% |
186,582
+2,465
| +1% | +$409K |
2013 Q2
14 quarters
|
|
6
General Mills
GIS
$17.9B
| $29.1M | 2.43% |
471,409
+10,836
| +2% | +$671K |
2013 Q2
14 quarters
|
|
7
McDonald's
MCD
$193B
| $28.7M | 2.4% |
235,598
+9,664
| +4% | +$1.13M |
2013 Q2
14 quarters
|
|
8
Automatic Data Processing
ADP
$122B
| $28.4M | 2.38% |
276,778
+2,647
| +1% | +$247K |
2013 Q2
14 quarters
|
|
9
3M
MMM
$96B
| $28.4M | 2.37% |
190,193
+2,813
| +2% | +$406K |
2013 Q2
14 quarters
|
|
10
AT&T
T
$149B
| $25.9M | 2.17% |
807,533
+23,299
| +3% | +$688K |
2013 Q2
14 quarters
|
|
11
Novartis
NVS
$303B
| $25.9M | 2.17% |
396,827
+7,638
| +2% | +$495K |
2013 Q2
14 quarters
|
|
12
IBM
IBM
$231B
| $25.5M | 2.13% |
160,460
+3,628
| +2% | +$553K |
2013 Q2
14 quarters
|
|
|
13
Republic Services
RSG
$77.1B
| $24.9M | 2.08% |
436,308
+32,357
| +8% | +$1.73M |
2013 Q2
14 quarters
|
|
14
Apple
AAPL
$5.16T
| $24.8M | 2.08% |
857,788
+7,948
| +0.9% | +$225K |
2013 Q2
14 quarters
|
|
15
DELISTED
Valspar
VAL
| $24.6M | 2.05% |
237,045
+6,517
| +3% | +$672K |
2013 Q2
14 quarters
|
|
16
United Parcel Service
UPS
$94B
| $21.1M | 1.76% |
183,718
+5,836
| +3% | +$658K |
2013 Q2
14 quarters
|
|
17
J.M. Smucker
SJM
$14.1B
| $20.6M | 1.72% |
160,658
+4,966
| +3% | +$644K |
2013 Q2
14 quarters
|
|
18
Realty Income
O
$56.4B
| $20.4M | 1.71% |
366,453
+11,978
| +3% | +$672K |
2013 Q2
14 quarters
|
|
19
Coca-Cola
KO
$419B
| $20.4M | 1.7% |
491,064
+6,917
| +1% | +$288K |
2013 Q2
14 quarters
|
|
20
Kimberly-Clark
KMB
$65.8B
| $19.9M | 1.66% |
174,452
+11,603
| +7% | +$1.35M |
2013 Q2
14 quarters
|
|
|
21
Steris
STE
$24.6B
| $19.7M | 1.65% |
292,990
+20,086
| +7% | +$1.36M |
2013 Q2
14 quarters
|
|
22
RTX Corp
RTX
$268B
| $19.6M | 1.64% |
284,086
-8,495
| -3% | -$563K |
2013 Q2
14 quarters
|
|
23
ExxonMobil
XOM
$693B
| $19.4M | 1.62% |
214,810
+3,637
| +2% | +$318K |
2013 Q2
14 quarters
|
|
24
Assurant
AIZ
$15.8B
| $19.2M | 1.6% |
206,539
+6,557
| +3% | +$573K |
2015 Q4
4 quarters
|
|
|
XLNX
25
DELISTED
Xilinx Inc
XLNX
| $19.1M | 1.6% |
316,655
+8,002
| +3% | +$430K |
2013 Q2
14 quarters
|
|
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Dearborn Partners's Q4 2016 Portfolio in Review
As of Q4 2016, Dearborn Partners held 196 positions worth $1.2B, up 0.92% from $1.19B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Dearborn Partners's Q4 2016 filing shows 9 new, 67 increased, 69 reduced and 29 closed positions. Its largest new stake was Starbucks: 277,992 shares worth $15.4M. The largest sale was ITC HOLDINGS CORP, an estimated $15.2M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Healthcare and Industrials.
- Dearborn Partners's largest Q4 2016 buy was Starbucks: 277,992 shares worth $15.4M.
- Dearborn Partners added most to CVS Health in Q4 2016, an estimated $3.93M increase.
- Dearborn Partners's biggest Q4 2016 reduction was Polaris, cutting an estimated $9.8M.
- Dearborn Partners fully exited ITC HOLDINGS CORP in Q4 2016, selling an estimated $15.2M.
- Dearborn Partners's ten largest holdings make up 25% of its $1.2B portfolio in Q4 2016.
- Dearborn Partners opened 9 new positions and closed 29 in Q4 2016.
- Dearborn Partners's portfolio value rose 0.92% quarter-over-quarter to $1.2B.
Based on Dearborn Partners's 13F filing for Q4 2016, filed 26 Jan 2017.