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IIM
Ivory Investment Management Portfolio holdings
AUM
$496M
1-Year Est. Return
4.8%
This Fund
S&P 500
This Quarter
Est. Return
+9.73%
1 Year Est. Return
+4.8%
3 Year Est. Return
+32.83%
5 Year Est. Return
+96.71%
10 Year Est. Return
–
AUM
$3.5B
AUM Growth
-$117M
(-3.2%)
Cap. Flow
-$344M
Cap. Flow
% of AUM
-9.83%
Top 10 Holdings %
Top 10 Hldgs %
36.74%
Holding
111
New
34
Increased
23
Reduced
33
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$149M |
| 2 |
Apple
AAPL
|
+$145M |
| 3 |
Advance Auto Parts
AAP
|
+$100M |
| 4 |
Hewlett Packard
HPE
|
+$95.6M |
| 5 |
PARA
Paramount Global Class B
PARA
|
+$67.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVLT
Level 3 Communications Inc
LVLT
|
+$134M |
| 2 |
Expedia Group
EXPE
|
+$124M |
| 3 |
AET
Aetna Inc
AET
|
+$73.4M |
| 4 |
WRK
WestRock Company
WRK
|
+$61.3M |
| 5 |
EQT Corp
EQT
|
+$59.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.19% |
| 2 | Consumer Discretionary | 21.43% |
| 3 | Communication Services | 12.86% |
| 4 | Healthcare | 6.79% |
| 5 | Energy | 6.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alcoa
AA
$13.2B
| $46.3M | 1.32% |
1,901,938
-79,403
| -4% | -$1.94M |
|
|
QVCGA
27
DELISTED
QVC Group Inc Series A
QVCGA
| $42.4M | 1.21% |
43,668
-17,593
| -29% | -$19.4M |
|
28
SPDR Gold Trust
GLD
$141B
| $42.2M | 1.21% |
336,054
-4,938
| -1% | -$629K |
|
|
NFX
29
DELISTED
Newfield Exploration
NFX
| $42.1M | 1.2% |
968,745
-298,228
| -24% | -$13.1M |
|
|
CXO
30
DELISTED
CONCHO RESOURCES INC.
CXO
| $42M | 1.2% |
305,721
-24,036
| -7% | -$3.05M |
|
31
Biogen
BIIB
$30.7B
| $41.8M | 1.2% |
+133,563
| New | +$39.6M |
|
32
Norfolk Southern
NSC
$75.1B
| $41M | 1.17% |
421,953
-322,980
| -43% | -$29.4M |
|
33
Axalta
AXTA
$8.17B
| $40.5M | 1.16% |
1,432,522
+112,547
| +9% | +$3.15M |
|
34
Cisco
CSCO
$479B
| $39.7M | 1.14% |
+1,252,462
| New | +$38.5M |
|
35
Marathon Petroleum
MPC
$83.7B
| $38.6M | 1.1% |
950,591
-665,611
| -41% | -$27M |
|
36
Hilton Worldwide
HLT
$71.5B
| $36.3M | 1.04% |
528,265
-258,587
| -33% | -$18.2M |
|
37
Wells Fargo
WFC
$264B
| $36M | 1.03% |
+812,457
| New | +$38.9M |
|
38
Johnson Controls International
JCI
$92.2B
| $35.9M | 1.03% |
+771,816
| New | +$35.8M |
|
39
Whirlpool
WHR
$2.82B
| $34M | 0.97% |
209,523
-2,833
| -1% | -$502K |
|
40
NXP Semiconductors
NXPI
$60.4B
| $32.8M | 0.94% |
+321,168
| New | +$27.2M |
|
41
Advanced Micro Devices
AMD
$789B
| $31.9M | 0.91% |
+4,612,216
| New | +$29.4M |
|
42
FMC
FMC
$1.33B
| $30.3M | 0.87% |
723,414
-56,275
| -7% | -$2.32M |
|
43
Lowe's Companies
LOW
$125B
| $27.8M | 0.79% |
+384,820
| New | +$29.9M |
|
44
CALL
Molson Coors Class B
TAP
$8.09B
| $27.6M | 0.79% |
+251,300
| New | +$25.5M |
|
|
HBI
45
DELISTED
Hanesbrands
HBI
| $23.7M | 0.68% |
938,744
-112,790
| -11% | -$2.97M |
|
46
CF Industries
CF
$17.3B
| $23.1M | 0.66% |
948,757
+369,686
| +64% | +$9.02M |
|
47
NetApp
NTAP
$37.2B
| $21.6M | 0.62% |
+604,205
| New | +$18.4M |
|
|
ZNGA
48
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $21.4M | 0.61% |
7,338,938
-8,229,664
| -53% | -$22.9M |
|
49
Chipotle Mexican Grill
CMG
$41.5B
| $21.2M | 0.61% |
+2,507,100
| New | +$20.6M |
|
50
AB InBev
BUD
$165B
| $20.5M | 0.59% |
156,278
-12,078
| -7% | -$1.53M |
|
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Ivory Investment Management's Q3 2016 Portfolio in Review
As of Q3 2016, Ivory Investment Management held 111 positions worth $3.5B, down 3.2% from $3.62B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Ivory Investment Management withdrew a net $344M in Q3 2016, closing 21 positions and reducing 33 holdings. Its most notable exit was Level 3 Communications Inc, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 9.7% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Ivory Investment Management opened a new position in Apple worth $155M.
- Ivory Investment Management's largest Q3 2016 buy was Apple: 5,486,440 shares worth $155M.
- Ivory Investment Management added most to Allergan plc in Q3 2016, an estimated $149M increase.
- Ivory Investment Management's biggest Q3 2016 reduction was Expedia Group, cutting an estimated $124M.
- Ivory Investment Management fully exited Level 3 Communications Inc in Q3 2016, selling an estimated $134M.
- Ivory Investment Management's ten largest holdings make up 37% of its $3.5B portfolio in Q3 2016.
- Ivory Investment Management opened 34 new positions and closed 21 in Q3 2016.
- Ivory Investment Management's portfolio value fell 3.2% quarter-over-quarter to $3.5B.
Based on Ivory Investment Management's 13F filing for Q3 2016, filed 14 Nov 2016.