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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
-13.74%
1 Year Est. Return
-9.9%
3 Year Est. Return
+53.95%
5 Year Est. Return
+113.88%
10 Year Est. Return
–
AUM
$1.78B
AUM Growth
-$450M
(-20%)
Cap. Flow
-$110M
Cap. Flow
% of AUM
-6.19%
Top 10 Holdings %
Top 10 Hldgs %
50.97%
Holding
192
New
2
Increased
32
Reduced
84
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$10.7M |
| 2 |
Republic Services
RSG
|
+$9.05M |
| 3 |
Visa
V
|
+$8.27M |
| 4 |
FRC
First Republic Bank
FRC
|
+$8.14M |
| 5 |
Home Depot
HD
|
+$7.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$25.5M |
| 2 |
Salesforce
CRM
|
+$21.2M |
| 3 |
Parker-Hannifin
PH
|
+$13.6M |
| 4 |
Norfolk Southern
NSC
|
+$10.7M |
| 5 |
Adobe
ADBE
|
+$8.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.05% |
| 2 | Industrials | 17.29% |
| 3 | Healthcare | 17.07% |
| 4 | Financials | 9.17% |
| 5 | Communication Services | 9.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Roper Technologies
ROP
$39.5B
| $194M | 10.91% |
492,559
-23
| -0% | -$10K |
|
2
Carlisle Companies
CSL
$14.7B
| $132M | 7.39% |
552,151
+27,954
| +5% | +$6.96M |
|
3
Dover
DOV
$27.9B
| $111M | 6.21% |
912,941
+13,283
| +1% | +$1.8M |
|
4
Microsoft
MSFT
$3.68T
| $103M | 5.76% |
399,575
+16,279
| +4% | +$4.42M |
|
5
Apple
AAPL
$4.46T
| $81.8M | 4.59% |
598,404
-52,344
| -8% | -$7.93M |
|
6
Alphabet (Google) Class A
GOOGL
$4.23T
| $69.8M | 3.91% |
640,200
-43,640
| -6% | -$5.14M |
|
7
UnitedHealth
UNH
$361B
| $67.5M | 3.79% |
131,367
-4,642
| -3% | -$2.33M |
|
8
Amazon
AMZN
$2.83T
| $54M | 3.03% |
508,274
-51,686
| -9% | -$6.47M |
|
9
Danaher
DHR
$142B
| $48.6M | 2.73% |
216,146
-23,434
| -10% | -$5.4M |
|
10
Progressive
PGR
$122B
| $47.2M | 2.65% |
406,052
-58,477
| -13% | -$6.63M |
|
11
Johnson & Johnson
JNJ
$627B
| $46.1M | 2.58% |
259,471
+3,697
| +1% | +$659K |
|
12
Abbott
ABT
$193B
| $42M | 2.36% |
386,835
+39,791
| +11% | +$4.52M |
|
13
Boston Scientific
BSX
$75.1B
| $37.9M | 2.13% |
1,017,598
-29,119
| -3% | -$1.19M |
|
14
NetEase
NTES
$80.1B
| $35.9M | 2.02% |
384,745
-25,100
| -6% | -$2.39M |
|
15
Procter & Gamble
PG
$336B
| $34.5M | 1.94% |
240,030
-6,031
| -2% | -$906K |
|
16
NextEra Energy
NEE
$180B
| $34.2M | 1.92% |
440,923
-62,210
| -12% | -$4.74M |
|
17
Trane Technologies
TT
$106B
| $29.6M | 1.66% |
228,248
+154
| +0.1% | +$21.3K |
|
|
18
Adobe
ADBE
$105B
| $28.7M | 1.61% |
78,482
-21,874
| -22% | -$8.9M |
|
19
Marvell Technology
MRVL
$199B
| $25.2M | 1.41% |
578,143
-111,472
| -16% | -$6.32M |
|
20
PepsiCo
PEP
$192B
| $24.3M | 1.36% |
145,815
+36,934
| +34% | +$6.22M |
|
21
American Express
AXP
$231B
| $24.2M | 1.36% |
174,640
-729
| -0.4% | -$120K |
|
22
McDonald's
MCD
$193B
| $23.3M | 1.31% |
94,532
+27,887
| +42% | +$6.87M |
|
23
Zoetis
ZTS
$30.5B
| $23.2M | 1.3% |
134,915
-7,007
| -5% | -$1.21M |
|
24
Chevron
CVX
$392B
| $22.2M | 1.25% |
153,583
-16,582
| -10% | -$2.74M |
|
25
Meta Platforms (Facebook)
META
$1.5T
| $22M | 1.24% |
136,599
-42,628
| -24% | -$8.22M |
|
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Inverness Counsel's Q2 2022 Portfolio in Review
As of Q2 2022, Inverness Counsel held 192 positions worth $1.78B, down 20% from $2.23B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Inverness Counsel withdrew a net $110M in Q2 2022, closing 22 positions and reducing 84 holdings. Its most notable exit was Southern Company, an estimated $379K position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 31% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Inverness Counsel opened a new position in Lowe's Companies worth $639K.
- Inverness Counsel's largest Q2 2022 buy was Lowe's Companies: 3,661 shares worth $639K.
- Inverness Counsel added most to Merck in Q2 2022, an estimated $10.7M increase.
- Inverness Counsel's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $25.5M.
- Inverness Counsel fully exited Southern Company in Q2 2022, selling an estimated $379K.
- Inverness Counsel's ten largest holdings make up 51% of its $1.78B portfolio in Q2 2022.
- Inverness Counsel opened 2 new positions and closed 22 in Q2 2022.
- Inverness Counsel's portfolio value fell 20% quarter-over-quarter to $1.78B.
Based on Inverness Counsel's 13F filing for Q2 2022, filed 20 Jul 2022.