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 |
Stryker
SYK
|
+$13.4M |
| 2 |
Home Depot
HD
|
+$13.1M |
| 3 |
Air Products & Chemicals
APD
|
+$5.69M |
| 4 |
Fortis
FTS
|
+$4.33M |
| 5 |
Glacier Bancorp
GBCI
|
+$2.46M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Valspar
VAL
|
+$27.4M |
| 2 |
W.W. Grainger
GWW
|
+$10.3M |
| 3 |
Essential Utilities
WTRG
|
+$4.15M |
| 4 |
Qualcomm
QCOM
|
+$2.02M |
| 5 |
VF Corp
VFC
|
+$286K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.76% |
| 2 | Technology | 15.86% |
| 3 | Industrials | 15.3% |
| 4 | Financials | 10.3% |
| 5 | Consumer Staples | 9.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Johnson & Johnson
JNJ
$676B
| $41M | 3.03% |
309,752
+5,285
| +2% | +$674K |
2013 Q2
16 quarters
|
|
2
McDonald's
MCD
$199B
| $38.7M | 2.86% |
252,900
+6,412
| +3% | +$927K |
2013 Q2
16 quarters
|
|
3
Becton Dickinson
BDX
$57.9B
| $36.6M | 2.71% |
192,505
+2,516
| +1% | +$460K |
2013 Q2
16 quarters
|
|
4
Illinois Tool Works
ITW
$81.9B
| $36.6M | 2.7% |
255,401
+3,293
| +1% | +$459K |
2013 Q2
16 quarters
|
|
5
3M
MMM
$97.7B
| $34.6M | 2.56% |
198,741
+2,626
| +1% | +$439K |
2013 Q2
16 quarters
|
|
6
Novartis
NVS
$308B
| $32.6M | 2.41% |
435,749
+21,140
| +5% | +$1.5M |
2013 Q2
16 quarters
|
|
7
Apple
AAPL
$5.06T
| $32M | 2.37% |
889,652
+9,308
| +1% | +$344K |
2013 Q2
16 quarters
|
|
8
Automatic Data Processing
ADP
$121B
| $30.3M | 2.24% |
296,036
+9,520
| +3% | +$964K |
2013 Q2
16 quarters
|
|
9
Republic Services
RSG
$75.4B
| $28.7M | 2.12% |
451,059
+14,701
| +3% | +$931K |
2013 Q2
16 quarters
|
|
10
Chevron
CVX
$412B
| $28.7M | 2.12% |
274,809
+5,675
| +2% | +$601K |
2013 Q2
16 quarters
|
|
11
General Mills
GIS
$18.5B
| $27.9M | 2.06% |
503,036
+16,410
| +3% | +$936K |
2013 Q2
16 quarters
|
|
12
Steris
STE
$25B
| $27M | 1.99% |
330,677
+22,302
| +7% | +$1.7M |
2013 Q2
16 quarters
|
|
13
IBM
IBM
$231B
| $25.4M | 1.87% |
172,396
+5,985
| +4% | +$902K |
2013 Q2
16 quarters
|
|
14
AT&T
T
$148B
| $25.1M | 1.85% |
880,796
+31,990
| +4% | +$943K |
2013 Q2
16 quarters
|
|
|
15
Qualcomm
QCOM
$186B
| $24.9M | 1.84% |
451,026
-36,200
| -7% | -$2.02M |
2013 Q2
16 quarters
|
|
16
Kimberly-Clark
KMB
$68B
| $24.4M | 1.81% |
189,215
+6,683
| +4% | +$869K |
2013 Q2
16 quarters
|
|
17
Coca-Cola
KO
$417B
| $23.1M | 1.7% |
514,016
+7,786
| +2% | +$344K |
2013 Q2
16 quarters
|
|
18
Xcel Energy
XEL
$51.4B
| $23M | 1.7% |
502,292
+19,666
| +4% | +$905K |
2013 Q2
16 quarters
|
|
19
RTX Corp
RTX
$270B
| $23M | 1.7% |
299,655
+6,225
| +2% | +$466K |
2013 Q2
16 quarters
|
|
20
Mastercard
MA
$574B
| $22.9M | 1.69% |
188,718
+4,847
| +3% | +$575K |
2016 Q3
3 quarters
|
|
21
United Parcel Service
UPS
$94.6B
| $22.9M | 1.69% |
206,672
+8,148
| +4% | +$871K |
2013 Q2
16 quarters
|
|
|
22
Air Products & Chemicals
APD
$69.5B
| $22.3M | 1.65% |
155,986
+40,008
| +34% | +$5.69M |
2013 Q2
16 quarters
|
|
|
XLNX
23
DELISTED
Xilinx Inc
XLNX
| $21.6M | 1.6% |
336,588
+7,493
| +2% | +$473K |
2013 Q2
16 quarters
|
|
24
Jack Henry & Associates
JKHY
$12.2B
| $21.6M | 1.6% |
208,203
+5,100
| +3% | +$509K |
2013 Q2
16 quarters
|
|
25
Realty Income
O
$56.6B
| $21.3M | 1.58% |
399,188
+15,128
| +4% | +$837K |
2013 Q2
16 quarters
|
|
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Dearborn Partners's Q2 2017 Portfolio in Review
As of Q2 2017, Dearborn Partners held 175 positions worth $1.35B, up 5.3% from $1.29B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Dearborn Partners's Q2 2017 filing shows 8 new, 67 increased, 51 reduced and 6 closed positions. Its largest new stake was Home Depot: 85,532 shares worth $13.1M. The largest sale was Valspar, an estimated $27.4M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.
- Dearborn Partners's largest Q2 2017 buy was Home Depot: 85,532 shares worth $13.1M.
- Dearborn Partners added most to Stryker in Q2 2017, an estimated $13.4M increase.
- Dearborn Partners's biggest Q2 2017 reduction was Qualcomm, cutting an estimated $2.02M.
- Dearborn Partners fully exited Valspar in Q2 2017, selling an estimated $27.4M.
- Dearborn Partners's ten largest holdings make up 25% of its $1.35B portfolio in Q2 2017.
- Dearborn Partners opened 8 new positions and closed 6 in Q2 2017.
- Dearborn Partners's portfolio value rose 5.3% quarter-over-quarter to $1.35B.
Based on Dearborn Partners's 13F filing for Q2 2017, filed 9 Aug 2017.