Klingenstein Fields & Co Portfolio holdings
Klingenstein Fields & Co., which does business as Klingenstein Fields Advisors, is an independently owned wealth manager for high net worth individuals, families, foundations and nonprofits. Its roots lie in Wertheim & Company, a merchant bank started by Joseph Klingenstein and Maurice Wertheim, which later joined with Schroder as Wertheim Schroder. Frederick Klingenstein, who had led Wertheim's expansion into investment banking and investment management, left Wertheim Schroder with John Klingenstein and Ken Fields to form Klingenstein Fields. It provides wealth planning and investment management built around each client's goals.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SAP
SAP
|
+$19.3M |
| 2 |
American International
AIG
|
+$16.7M |
| 3 |
Anadarko Petroleum
APC
|
+$3.17M |
| 4 |
Newmont
NEM
|
+$2.72M |
| 5 |
Cisco
CSCO
|
+$2.64M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$22.9M |
| 2 |
AbbVie
ABBV
|
+$22.1M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$22.1M |
| 4 |
Johnson & Johnson
JNJ
|
+$19.5M |
| 5 |
Kimberly-Clark
KMB
|
+$16.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 18.94% |
| 2 | Financials | 14.81% |
| 3 | Energy | 12.85% |
| 4 | Communication Services | 11.64% |
| 5 | Consumer Staples | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Walt Disney
DIS
$192B
| $183M | 8.2% |
2,281,165
-216,430
| -9% | -$16.8M |
2013 Q2
3 quarters
|
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.19T
| $124M | 5.56% |
990,865
-189,061
| -16% | -$22.1M |
2013 Q2
3 quarters
|
|
3
PepsiCo
PEP
$191B
| $115M | 5.18% |
1,382,453
-132,854
| -9% | -$10.8M |
2013 Q2
3 quarters
|
|
4
Freeport-McMoran
FCX
$90.4B
| $111M | 4.97% |
3,352,655
-210,605
| -6% | -$7.01M |
2013 Q2
3 quarters
|
|
|
5
Johnson & Johnson
JNJ
$658B
| $80.9M | 3.63% |
823,119
-210,200
| -20% | -$19.5M |
2013 Q2
3 quarters
|
|
6
American Express
AXP
$220B
| $77.4M | 3.47% |
859,503
-10,885
| -1% | -$972K |
2013 Q2
3 quarters
|
|
7
Union Pacific
UNP
$181B
| $55.9M | 2.51% |
595,706
-18,226
| -3% | -$1.62M |
2013 Q2
3 quarters
|
|
8
DELISTED
Hess
HES
| $55M | 2.47% |
664,192
-9,005
| -1% | -$716K |
2013 Q2
3 quarters
|
|
|
RDS.A
9
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $53.3M | 2.39% |
780,512
-78,675
| -9% | -$5.25M |
2013 Q2
3 quarters
|
|
10
GE Aerospace
GE
$328B
| $51M | 2.29% |
410,838
-68,675
| -14% | -$8.48M |
2013 Q2
3 quarters
|
|
11
Procter & Gamble
PG
$379B
| $50.7M | 2.27% |
629,076
-124,019
| -16% | -$9.8M |
2013 Q2
3 quarters
|
|
12
SLB Ltd
SLB
$77.2B
| $39.9M | 1.79% |
408,983
-155,707
| -28% | -$14.1M |
2013 Q2
3 quarters
|
|
13
3M
MMM
$89.9B
| $39.5M | 1.77% |
347,985
-38,960
| -10% | -$4.33M |
2013 Q2
3 quarters
|
|
14
RTX Corp
RTX
$270B
| $37.5M | 1.68% |
509,497
-60,608
| -11% | -$4.35M |
2013 Q2
3 quarters
|
|
15
Colgate-Palmolive
CL
$75.7B
| $36.7M | 1.64% |
565,082
-200,038
| -26% | -$12.6M |
2013 Q2
3 quarters
|
|
16
IBM
IBM
$239B
| $36.4M | 1.63% |
197,779
-56,375
| -22% | -$9.9M |
2013 Q2
3 quarters
|
|
17
Honeywell
HON
$69.2B
| $35.5M | 1.59% |
425,338
-67,448
| -14% | -$5.58M |
2013 Q2
3 quarters
|
|
18
Alphabet (Google) Class C
GOOG
$3.42T
| $33.8M | 1.52% |
1,216,784
-284,422
| -19% | -$8.28M |
2013 Q2
3 quarters
|
|
19
Qualcomm
QCOM
$173B
| $32M | 1.44% |
406,412
-34,857
| -8% | -$2.63M |
2013 Q2
3 quarters
|
|
20
Chevron
CVX
$444B
| $30.7M | 1.38% |
257,768
-18,108
| -7% | -$2.11M |
2013 Q2
3 quarters
|
|
21
Emerson Electric
EMR
$92.6B
| $29.5M | 1.33% |
442,273
-191,285
| -30% | -$12.6M |
2013 Q2
3 quarters
|
|
|
ABB
22
DELISTED
ABB Ltd
ABB
| $26.9M | 1.21% |
1,042,525
-63,550
| -6% | -$1.62M |
2013 Q2
3 quarters
|
|
23
Comcast
CMCSA
$84.8B
| $25.6M | 1.15% |
1,023,240
-331,902
| -24% | -$8.64M |
2013 Q2
3 quarters
|
|
24
American Tower
AMT
$87.1B
| $24.8M | 1.11% |
302,832
+2,560
| +0.9% | +$209K |
2013 Q2
3 quarters
|
|
|
RTN
25
DELISTED
Raytheon Company
RTN
| $24.6M | 1.11% |
249,514
-4,010
| -2% | -$381K |
2013 Q2
3 quarters
|
|
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Klingenstein Fields & Co's Q1 2014 Portfolio in Review
As of Q1 2014, Klingenstein Fields & Co held 319 positions worth $2.23B, down 20% from $2.8B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Klingenstein Fields & Co withdrew a net $573M in Q1 2014, closing 63 positions and reducing 168 holdings. Its most notable exit was Chicago Bridge & Iron Nv, an estimated $4.14M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 19% of assets, up from 18% a quarter earlier, followed by Financials and Energy.
Against the trend, Klingenstein Fields & Co opened a new position in SAP worth $19.8M.
- Klingenstein Fields & Co's largest Q1 2014 buy was SAP: 242,928 shares worth $19.8M.
- Klingenstein Fields & Co added most to American International in Q1 2014, an estimated $16.7M increase.
- Klingenstein Fields & Co's biggest Q1 2014 reduction was ExxonMobil, cutting an estimated $22.9M.
- Klingenstein Fields & Co fully exited Chicago Bridge & Iron Nv in Q1 2014, selling an estimated $4.14M.
- Klingenstein Fields & Co's ten largest holdings make up 41% of its $2.23B portfolio in Q1 2014.
- Klingenstein Fields & Co opened 6 new positions and closed 63 in Q1 2014.
- Klingenstein Fields & Co's portfolio value fell 20% quarter-over-quarter to $2.23B.
Based on Klingenstein Fields & Co's 13F filing for Q1 2014, filed 2 May 2014.