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 |
Salesforce
CRM
|
+$17.5M |
| 2 |
NXP Semiconductors
NXPI
|
+$9.23M |
| 3 |
Microsoft
MSFT
|
+$8.38M |
| 4 |
VanEck Oil Services ETF
OIH
|
+$8.16M |
| 5 |
Home Depot
HD
|
+$6.98M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$38.6M |
| 2 |
Intel
INTC
|
+$25.8M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$17.8M |
| 4 |
IBM
IBM
|
+$13.9M |
| 5 |
Walt Disney
DIS
|
+$11.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.04% |
| 2 | Communication Services | 17.01% |
| 3 | Industrials | 16.65% |
| 4 | Healthcare | 15.2% |
| 5 | Consumer Staples | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Walt Disney
DIS
$206B
| $211M | 8.93% |
1,920,098
-102,946
| -5% | -$11.7M |
2013 Q2
22 quarters
|
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.24T
| $178M | 7.55% |
871,523
-85,163
| -9% | -$17.8M |
2013 Q2
22 quarters
|
|
3
PepsiCo
PEP
$196B
| $119M | 5.03% |
1,072,969
-68,332
| -6% | -$7.7M |
2013 Q2
22 quarters
|
|
4
Johnson & Johnson
JNJ
$676B
| $102M | 4.34% |
792,630
-11,231
| -1% | -$1.57M |
2013 Q2
22 quarters
|
|
5
Union Pacific
UNP
$179B
| $78.6M | 3.33% |
568,611
-28,531
| -5% | -$4.23M |
2013 Q2
22 quarters
|
|
6
Comcast
CMCSA
$87.9B
| $54.9M | 2.33% |
1,611,537
+11,861
| +0.7% | +$433K |
2013 Q2
22 quarters
|
|
7
PayPal
PYPL
$48.8B
| $48.4M | 2.05% |
575,371
-9,231
| -2% | -$769K |
2015 Q3
13 quarters
|
|
8
3M
MMM
$97.7B
| $47.9M | 2.03% |
300,578
-5,423
| -2% | -$900K |
2013 Q2
22 quarters
|
|
9
Honeywell
HON
$72.3B
| $45.4M | 1.93% |
364,364
-21,669
| -6% | -$2.96M |
2013 Q2
22 quarters
|
|
|
RDS.A
10
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $44.7M | 1.9% |
766,816
-17,746
| -2% | -$1.1M |
2013 Q2
22 quarters
|
|
11
American Tower
AMT
$88.3B
| $42.4M | 1.8% |
267,851
-4,270
| -2% | -$668K |
2013 Q2
22 quarters
|
|
12
Amazon
AMZN
$2.93T
| $41.4M | 1.76% |
551,940
-10,020
| -2% | -$833K |
2013 Q2
22 quarters
|
|
13
RTX Corp
RTX
$270B
| $35.7M | 1.51% |
532,806
+13,549
| +3% | +$1.06M |
2013 Q2
22 quarters
|
|
14
Eli Lilly
LLY
$1.28T
| $35.6M | 1.51% |
307,586
-554
| -0.2% | -$61.9K |
2013 Q2
22 quarters
|
|
|
RTN
15
DELISTED
Raytheon Company
RTN
| $35.5M | 1.51% |
231,610
+212
| +0.1% | +$38K |
2013 Q2
22 quarters
|
|
16
Merck
MRK
$365B
| $35.5M | 1.51% |
486,715
-12,390
| -2% | -$875K |
2013 Q2
22 quarters
|
|
17
Broadcom
AVGO
$1.58T
| $34.6M | 1.47% |
1,360,470
-7,120
| -0.5% | -$168K |
2016 Q2
10 quarters
|
|
18
Alphabet (Google) Class A
GOOGL
$3.53T
| $32.9M | 1.4% |
630,420
-1,820
| -0.3% | -$98.4K |
2015 Q4
12 quarters
|
|
19
Thermo Fisher Scientific
TMO
$266B
| $31.5M | 1.34% |
140,971
-2,103
| -1% | -$493K |
2015 Q2
14 quarters
|
|
20
Medtronic
MDT
$130B
| $31.5M | 1.34% |
346,575
+14,099
| +4% | +$1.32M |
2013 Q2
22 quarters
|
|
21
FedEx
FDX
$74.8B
| $30.9M | 1.31% |
191,290
-1,695
| -0.9% | -$359K |
2013 Q2
22 quarters
|
|
22
American Express
AXP
$217B
| $30.3M | 1.28% |
317,724
-2,209
| -0.7% | -$231K |
2013 Q2
22 quarters
|
|
23
Palo Alto Networks
PANW
$267B
| $29.9M | 1.27% |
952,260
-4,578
| -0.5% | -$143K |
2017 Q2
6 quarters
|
|
24
Crown Castle
CCI
$38B
| $29.2M | 1.24% |
268,835
-1,544
| -0.6% | -$170K |
2015 Q3
13 quarters
|
|
25
JPMorgan Chase
JPM
$908B
| $28.4M | 1.21% |
291,371
-9,734
| -3% | -$1.04M |
2013 Q2
22 quarters
|
|
Similar funds
Klingenstein Fields & Co's Q4 2018 Portfolio in Review
As of Q4 2018, Klingenstein Fields & Co held 218 positions worth $2.36B, down 16% from $2.79B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Klingenstein Fields & Co withdrew a net $109M in Q4 2018, closing 26 positions and reducing 115 holdings. Its most notable exit was Rockwell Collins, an estimated $4.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Klingenstein Fields & Co opened a new position in Salesforce worth $17.4M.
- Klingenstein Fields & Co's largest Q4 2018 buy was Salesforce: 127,271 shares worth $17.4M.
- Klingenstein Fields & Co added most to Microsoft in Q4 2018, an estimated $8.38M increase.
- Klingenstein Fields & Co's biggest Q4 2018 reduction was Apple, cutting an estimated $38.6M.
- Klingenstein Fields & Co fully exited Rockwell Collins in Q4 2018, selling an estimated $4.9M.
- Klingenstein Fields & Co's ten largest holdings make up 39% of its $2.36B portfolio in Q4 2018.
- Klingenstein Fields & Co opened 6 new positions and closed 26 in Q4 2018.
- Klingenstein Fields & Co's portfolio value fell 16% quarter-over-quarter to $2.36B.
Based on Klingenstein Fields & Co's 13F filing for Q4 2018, filed 22 Jan 2019.