Elkfork Partners Portfolio holdings

AUM $4.11B

1-Year Est. Return 5.27%

2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4

This Quarter Est. Return

1 Year Est. Return

+5.27%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$4.09B

AUM Growth

+$106M (+2.7%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

1,074

New

Increased

Reduced

Closed

Top Buys

1		+$18.8M
2		+$16.5M
3		+$15.3M
4	Fortive FTV	+$13.5M
5	LyondellBasell Industries LYB	+$9.29M

Top Sells

1		+$20.1M
2		+$17.5M
3		+$12.1M
4	Cognizant CTSH	+$12M
5	Fortinet FTNT	+$9.6M

Sector Composition

1	Technology	19.96%
2	Financials	16.17%
3	Consumer Discretionary	12.29%
4	Healthcare	10.9%
5	Industrials	10.21%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
126	126 Huntington Ingalls Industries HII $11.8B	$6.72M	0.16%	29,920 +1,700
127	127 Garmin GRMN $48.2B	$6.56M	0.16%	82,236 -17,696
128	WRI 128 DELISTED Weingarten Realty Investors WRI	$6.54M	0.16%	238,476 +14,008
129	129 CSX Corp CSX $67.3B	$6.5M	0.16%	252,168 -29,652
130	130 Progressive PGR $128B	$6.43M	0.16%	80,512 -69,088
131	131 Kroger KR $44.5B	$6.31M	0.15%	290,774 -1,848
132	132 Assured Guaranty AGO $3.92B	$6.27M	0.15%	149,072 -18,282
133	FL 133 DELISTED Foot Locker FL	$6M	0.15%	143,038 -17,884
134	134 Booking.com BKNG $167B	$5.99M	0.15%	3,196 -646
135	135 Qorvo QRVO $8.4B	$5.93M	0.14%	89,012 +24,174
136	136 Loews L $20.8B	$5.92M	0.14%	108,324 -118,150
137	137 L3Harris LHX $54.9B	$5.88M	0.14%	+31,108
138	138 Telephone and Data Systems TDS $4.47B	$5.87M	0.14%	193,144 -27,524
139	139 Medtronic MDT $120B	$5.86M	0.14%	60,148 +20,988
140	140 Cardinal Health CAH $38.5B	$5.74M	0.14%	121,822 +32,164
141	141 Hershey HSY $36.4B	$5.72M	0.14%	42,700 +20,748
142	142 American Express AXP $246B	$5.67M	0.14%	45,948 +26,544
143	DFS 143 DELISTED Discover Financial Services DFS	$5.63M	0.14%	72,534 -5,456
144	144 PayPal PYPL $66.7B	$5.61M	0.14%	48,994 -66,044
145	145 Caterpillar CAT $245B	$5.57M	0.14%	40,868 +14,314
146	146 JetBlue JBLU $1.66B	$5.55M	0.14%	300,356 -66,444
147	147 BlackLine BL $3.25B	$5.51M	0.13%	103,020 -15,062
148	148 Trane Technologies TT $94.8B	$5.46M	0.13%	43,112 +18,360
149	149 Welltower WELL $119B	$5.43M	0.13%	66,594 +9,702
150	150 Labcorp LH $23.2B	$5.42M	0.13%	36,466 +11,959