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Inverness Counsel Portfolio holdings
AUM
$1.8B
1-Year Est. Return
9.9%
This Fund
S&P 500
This Quarter
Est. Return
-12.93%
1 Year Est. Return
-9.9%
3 Year Est. Return
+53.95%
5 Year Est. Return
+113.88%
10 Year Est. Return
–
AUM
$1.49B
AUM Growth
-$407M
(-21%)
Cap. Flow
-$141M
Cap. Flow
% of AUM
-9.43%
Top 10 Holdings %
Top 10 Hldgs %
46.76%
Holding
133
New
6
Increased
26
Reduced
57
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Trane Technologies
TT
|
+$27.4M |
| 2 |
UN
Unilever NV New York Registry Shares
UN
|
+$26.7M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$19.3M |
| 4 |
ConocoPhillips
COP
|
+$10.5M |
| 5 |
Dover
DOV
|
+$8.76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Alliance Bancorporation
WAL
|
+$31.5M |
| 2 |
PayPal
PYPL
|
+$26M |
| 3 |
Teleflex
TFX
|
+$24.7M |
| 4 |
SCHW
Charles Schwab
SCHW
|
+$22M |
| 5 |
Marvell Technology
MRVL
|
+$21.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.26% |
| 2 | Industrials | 14.85% |
| 3 | Healthcare | 14.55% |
| 4 | Financials | 9.89% |
| 5 | Communication Services | 8.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Roper Technologies
ROP
$39.5B
| $199M | 13.34% |
747,428
-32,479
| -4% | -$9.18M |
|
2
Carlisle Companies
CSL
$14.7B
| $82M | 5.49% |
815,390
-1,609
| -0.2% | -$166K |
|
3
Microsoft
MSFT
$3.68T
| $69.1M | 4.62% |
679,841
-6,628
| -1% | -$710K |
|
|
4
Dover
DOV
$27.9B
| $66.9M | 4.48% |
942,268
+107,223
| +13% | +$8.76M |
|
5
Adobe
ADBE
$105B
| $54.9M | 3.68% |
242,793
-3,625
| -1% | -$875K |
|
6
UnitedHealth
UNH
$361B
| $51M | 3.42% |
204,723
-23,028
| -10% | -$6.08M |
|
7
Amazon
AMZN
$2.83T
| $49M | 3.28% |
652,980
+78,320
| +14% | +$6.51M |
|
8
Alphabet (Google) Class A
GOOGL
$4.23T
| $43.9M | 2.94% |
839,260
-100
| -0% | -$5.4K |
|
9
Zoetis
ZTS
$30.5B
| $41.6M | 2.79% |
486,901
+29,755
| +7% | +$2.68M |
|
10
Progressive
PGR
$122B
| $40.7M | 2.73% |
675,112
+93,763
| +16% | +$6.24M |
|
11
Union Pacific
UNP
$174B
| $39.2M | 2.63% |
283,636
-67,474
| -19% | -$10M |
|
12
Danaher
DHR
$142B
| $38.5M | 2.58% |
421,619
-48,563
| -10% | -$4.41M |
|
13
ServiceNow
NOW
$128B
| $36.3M | 2.43% |
1,019,980
+158,265
| +18% | +$5.62M |
|
14
Apple
AAPL
$4.46T
| $34.4M | 2.3% |
871,908
-28,592
| -3% | -$1.39M |
|
|
PPLI
15
People Inc
PPLI
$3.01B
| $31.4M | 2.1% |
960,228
+228,354
| +31% | +$7.66M |
|
16
JPMorgan Chase
JPM
$964B
| $31.4M | 2.1% |
321,741
-5,363
| -2% | -$571K |
|
|
17
Thermo Fisher Scientific
TMO
$218B
| $30.5M | 2.04% |
136,280
+82,096
| +152% | +$19.3M |
|
|
UN
18
DELISTED
Unilever NV New York Registry Shares
UN
| $29.7M | 1.99% |
552,816
+488,608
| +761% | +$26.7M |
|
19
Celanese
CE
$5.01B
| $26M | 1.74% |
289,123
-73,728
| -20% | -$7.23M |
|
|
20
Trane Technologies
TT
$106B
| $25.4M | 1.7% |
+278,382
| New | +$27.4M |
|
|
RDS.B
21
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $24.1M | 1.62% |
402,350
-161,823
| -29% | -$10.3M |
|
22
Home Depot
HD
$338B
| $23.8M | 1.6% |
138,702
-44,981
| -24% | -$8.07M |
|
23
EOG Resources
EOG
$74.8B
| $23.7M | 1.59% |
272,063
+27,881
| +11% | +$2.99M |
|
24
Fortive
FTV
$18.6B
| $23.5M | 1.57% |
549,946
-321,422
| -37% | -$15.1M |
|
25
PNC Financial Services
PNC
$103B
| $23.2M | 1.55% |
198,398
-30,546
| -13% | -$3.9M |
|
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BDF
DY
WFA
CA
RIG
Inverness Counsel's Q4 2018 Portfolio in Review
As of Q4 2018, Inverness Counsel held 133 positions worth $1.49B, down 21% from $1.9B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Inverness Counsel withdrew a net $141M in Q4 2018, closing 16 positions and reducing 57 holdings. Its most notable exit was Marvell Technology, an estimated $21.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 31% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Inverness Counsel opened a new position in Trane Technologies worth $25.4M.
- Inverness Counsel's largest Q4 2018 buy was Trane Technologies: 278,382 shares worth $25.4M.
- Inverness Counsel added most to Unilever NV New York Registry Shares in Q4 2018, an estimated $26.7M increase.
- Inverness Counsel's biggest Q4 2018 reduction was Western Alliance Bancorporation, cutting an estimated $31.5M.
- Inverness Counsel fully exited Marvell Technology in Q4 2018, selling an estimated $21.5M.
- Inverness Counsel's ten largest holdings make up 47% of its $1.49B portfolio in Q4 2018.
- Inverness Counsel opened 6 new positions and closed 16 in Q4 2018.
- Inverness Counsel's portfolio value fell 21% quarter-over-quarter to $1.49B.
Based on Inverness Counsel's 13F filing for Q4 2018, filed 29 Jan 2019.