IAM
Impax Asset Management Portfolio holdings
AUM
$1.69B
Turnover
14.95%
1-Year Est. Return
16.26%
This Fund
S&P 500
This Quarter
Est. Return
-5.51%
1 Year Est. Return
+16.26%
3 Year Est. Return
+47.73%
5 Year Est. Return
+113.69%
10 Year Est. Return
–
AUM
$1.68B
AUM Growth
-$190M
(-10%)
Cap. Flow
-$50.7M
Cap. Flow
% of AUM
-3.02%
Top 10 Holdings %
Top 10 Hldgs %
21.39%
Holding
209
New
24
Increased
57
Reduced
73
Closed
22
Avg Time Held
1.3
years
Top 10 Avg Time Held
1.3
years
Top 20 Avg Time Held
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$25M |
| 2 |
RenaissanceRe
RNR
|
+$17.6M |
| 3 |
Amazon
AMZN
|
+$13.5M |
| 4 |
Sally Beauty Holdings
SBH
|
+$11.7M |
| 5 |
Visa
V
|
+$10.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$18M |
| 2 |
Blackrock
BLK
|
+$17.7M |
| 3 |
Apple
AAPL
|
+$17.2M |
| 4 |
Ford
F
|
+$16.5M |
| 5 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.56% |
| 2 | Healthcare | 15.98% |
| 3 | Technology | 15.32% |
| 4 | Consumer Discretionary | 12.45% |
| 5 | Communication Services | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$4.2T
| $59.4M | 3.54% |
1,904,400
+815,100
| +75% | +$25M |
2013 Q2
9 quarters
|
|
|
2
Apple
AAPL
$4.99T
| $48.8M | 2.9% |
1,768,312
-586,852
| -25% | -$17.2M |
2013 Q2
9 quarters
|
|
3
Becton Dickinson
BDX
$51B
| $36.8M | 2.19% |
283,994
-74,299
| -21% | -$10.4M |
2013 Q2
9 quarters
|
|
4
Microsoft
MSFT
$3.97T
| $35.8M | 2.13% |
808,606
+111,847
| +16% | +$5.02M |
2013 Q2
9 quarters
|
|
5
American Tower
AMT
$83.6B
| $35.8M | 2.13% |
406,774
-1,924
| -0.5% | -$181K |
2013 Q2
9 quarters
|
|
|
6
Amazon
AMZN
$2.73T
| $31.7M | 1.89% |
1,238,500
+533,260
| +76% | +$13.5M |
2013 Q2
9 quarters
|
|
7
Merck
MRK
$364B
| $29.4M | 1.75% |
624,327
+94,351
| +18% | +$5.01M |
2014 Q1
6 quarters
|
|
|
8
UnitedHealth
UNH
$351B
| $28.5M | 1.69% |
245,447
-150,126
| -38% | -$18M |
2013 Q2
9 quarters
|
|
9
Morgan Stanley
MS
$281B
| $26.8M | 1.6% |
851,588
+12,280
| +1% | +$447K |
2013 Q2
9 quarters
|
|
|
ISBC
10
DELISTED
Investors Bancorp, Inc.
ISBC
| $26.6M | 1.58% |
2,154,712
+224,153
| +12% | +$2.72M |
2014 Q4
3 quarters
|
|
11
PepsiCo
PEP
$176B
| $26.4M | 1.57% |
279,556
-6,687
| -2% | -$636K |
2013 Q2
9 quarters
|
|
12
Nike
NKE
$51.7B
| $26.3M | 1.56% |
427,220
-7,460
| -2% | -$422K |
2013 Q2
9 quarters
|
|
13
Meta Platforms (Facebook)
META
$1.87T
| $26M | 1.55% |
289,113
-1,753
| -0.6% | -$161K |
2013 Q2
9 quarters
|
|
14
White Mountains Insurance
WTM
$5.02B
| $25.7M | 1.53% |
34,443
+2,807
| +9% | +$2.02M |
2015 Q1
2 quarters
|
|
15
DELISTED
Stericycle Inc
SRCL
| $24.4M | 1.45% |
175,255
+8
| +0% | +$1.11K |
2013 Q2
9 quarters
|
|
16
Capitol Federal Financial
CFFN
$1.01B
| $24.4M | 1.45% |
2,011,471
+96,208
| +5% | +$1.16M |
2013 Q2
9 quarters
|
|
17
Bank of New York Mellon
BNY
$91.9B
| $24.4M | 1.45% |
622,182
+3
| +0% | +$125 |
2013 Q2
9 quarters
|
|
18
Estee Lauder
EL
$36.4B
| $24.3M | 1.45% |
301,586
-2,184
| -0.7% | -$183K |
2013 Q2
9 quarters
|
|
19
Cognizant
CTSH
$28.3B
| $23.6M | 1.41% |
377,637
-6,004
| -2% | -$377K |
2013 Q2
9 quarters
|
|
20
Citigroup
C
$205B
| $23.3M | 1.39% |
470,619
+40,073
| +9% | +$2.19M |
2015 Q1
2 quarters
|
|
|
CELG
21
DELISTED
Celgene Corp
CELG
| $23M | 1.37% |
212,795
-13,476
| -6% | -$1.67M |
2013 Q2
9 quarters
|
|
|
ESRX
22
DELISTED
Express Scripts Holding Company
ESRX
| $22.1M | 1.32% |
273,391
+6,150
| +2% | +$536K |
2013 Q2
9 quarters
|
|
23
Procter & Gamble
PG
$361B
| $20.9M | 1.24% |
290,032
-4,163
| -1% | -$312K |
2013 Q2
9 quarters
|
|
|
IM
24
DELISTED
Ingram Micro
IM
| $20.6M | 1.23% |
755,841
-7,739
| -1% | -$201K |
2014 Q3
4 quarters
|
|
|
CAB
25
DELISTED
Cabela's Inc
CAB
| $20.5M | 1.22% |
449,613
+84,522
| +23% | +$3.94M |
2015 Q1
2 quarters
|
|
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Impax Asset Management's Q3 2015 Portfolio in Review
As of Q3 2015, Impax Asset Management held 209 positions worth $1.68B, down 10% from $1.87B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Impax Asset Management withdrew a net $50.7M in Q3 2015, closing 22 positions and reducing 73 holdings. Its most notable exit was Ford, an estimated $16.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 16% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Impax Asset Management opened a new position in RenaissanceRe worth $17.9M.
- Impax Asset Management's largest Q3 2015 buy was RenaissanceRe: 168,135 shares worth $17.9M.
- Impax Asset Management added most to Alphabet (Google) Class C in Q3 2015, an estimated $25M increase.
- Impax Asset Management's biggest Q3 2015 reduction was UnitedHealth, cutting an estimated $18M.
- Impax Asset Management fully exited Ford in Q3 2015, selling an estimated $16.5M.
- Impax Asset Management's ten largest holdings make up 21% of its $1.68B portfolio in Q3 2015.
- Impax Asset Management opened 24 new positions and closed 22 in Q3 2015.
- Impax Asset Management's portfolio value fell 10% quarter-over-quarter to $1.68B.
Based on Impax Asset Management's 13F filing for Q3 2015, filed 13 Nov 2015.