Longview Partners Portfolio holdings
Longview Partners is a specialist global equity manager that holds a concentrated portfolio of world stocks, using the same philosophy since it started in 2001. It looks for high-quality businesses that can build value steadily over time, wants a margin of safety on price, and relies on picking individual stocks rather than steering the overall portfolio. Its clients are institutions, and Northill Capital is its majority shareholder.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Omnicom Group
OMC
|
+$292M |
| 2 |
UnitedHealth
UNH
|
+$209M |
| 3 |
Amgen
AMGN
|
+$35.2M |
| 4 |
Pfizer
PFE
|
+$5.81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$707M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
+$118M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$39.3M |
| 4 |
Aptiv
APTV
|
+$32.6M |
| 5 |
TE Connectivity
TEL
|
+$29.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.63% |
| 2 | Financials | 22.25% |
| 3 | Healthcare | 21.99% |
| 4 | Communication Services | 13.6% |
| 5 | Consumer Discretionary | 11.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
HCA Healthcare
HCA
$102B
| $774M | 6.12% |
13,733,526
-343,271
| -2% | -$18.1M |
2013 Q3
3 quarters
|
|
2
Bank of New York Mellon
BNY
$99B
| $757M | 5.99% |
20,200,874
-408,450
| -2% | -$14.1M |
2013 Q2
4 quarters
|
|
|
3
Aptiv
APTV
$9.12B
| $755M | 5.97% |
10,979,913
-480,710
| -4% | -$32.6M |
2013 Q2
4 quarters
|
|
4
Aon
AON
$68.2B
| $736M | 5.82% |
8,173,869
-193,830
| -2% | -$16.8M |
2013 Q2
4 quarters
|
|
5
Oracle
ORCL
$396B
| $736M | 5.82% |
18,166,221
-435,190
| -2% | -$17.9M |
2013 Q2
4 quarters
|
|
6
Fidelity National Information Services
FIS
$19.9B
| $733M | 5.79% |
13,387,961
-251,900
| -2% | -$13.5M |
2013 Q2
4 quarters
|
|
7
Wells Fargo
WFC
$250B
| $726M | 5.74% |
13,822,212
-335,210
| -2% | -$16.9M |
2013 Q2
4 quarters
|
|
8
Fiserv Inc
FISV
$26.6B
| $705M | 5.57% |
23,379,040
-525,360
| -2% | -$15.6M |
2013 Q2
4 quarters
|
|
9
Yum! Brands
YUM
$42.4B
| $703M | 5.56% |
12,045,095
-272,038
| -2% | -$15.1M |
2013 Q2
4 quarters
|
|
|
VIAB
10
DELISTED
Viacom Inc. Class B
VIAB
| $696M | 5.51% |
8,029,163
-173,283
| -2% | -$14.7M |
2013 Q2
4 quarters
|
|
|
11
UnitedHealth
UNH
$365B
| $693M | 5.48% |
8,472,281
+2,662,251
| +46% | +$209M |
2014 Q1
1 quarter
|
|
|
12
Amgen
AMGN
$252B
| $688M | 5.44% |
5,810,133
+304,165
| +6% | +$35.2M |
2014 Q1
1 quarter
|
|
|
TWX
13
DELISTED
Time Warner Inc
TWX
| $685M | 5.41% |
9,746,391
-598,251
| -6% | -$39.3M |
2013 Q2
4 quarters
|
|
|
14
TE Connectivity
TEL
$61.2B
| $675M | 5.34% |
10,917,591
-485,530
| -4% | -$29.1M |
2013 Q2
4 quarters
|
|
15
Accenture
ACN
$158B
| $673M | 5.32% |
8,330,940
-140,110
| -2% | -$11.2M |
2013 Q2
4 quarters
|
|
|
16
Pfizer
PFE
$174B
| $627M | 4.96% |
22,277,810
+203,875
| +0.9% | +$5.81M |
2013 Q2
4 quarters
|
|
17
Truist Financial
TFC
$58.5B
| $595M | 4.7% |
15,081,737
-354,006
| -2% | -$13.6M |
2013 Q2
4 quarters
|
|
|
18
Omnicom Group
OMC
$22.3B
| $339M | 2.68% |
4,754,354
+4,185,447
| +736% | +$292M |
2014 Q1
1 quarter
|
|
19
Arrow Electronics
ARW
$10.6B
| $184M | 1.45% |
3,038,925
-62,745
| -2% | -$3.66M |
2013 Q2
4 quarters
|
|
20
Avnet
AVT
$7.25B
| $168M | 1.33% |
3,802,643
-65,548
| -2% | -$2.88M |
2013 Q2
4 quarters
|
|
|
LLL
21
DELISTED
L3 Technologies, Inc.
LLL
| – | – |
-999,896
| Closed | -$118M | – |
|
|
COV
22
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| – | – |
-9,599,579
| Closed | -$707M | – |
|
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Longview Partners's Q2 2014 Portfolio in Review
As of Q2 2014, Longview Partners held 22 positions worth $12.6B, down 1.8% from $12.9B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Longview Partners withdrew a net $558M in Q2 2014, closing 2 positions and reducing 16 holdings. Its most notable exit was COVIDIEN PLC COM SHS NEW (IRELAND), an estimated $707M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 31% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Longview Partners added an estimated $292M to Omnicom Group.
- Longview Partners added most to Omnicom Group in Q2 2014, an estimated $292M increase.
- Longview Partners's biggest Q2 2014 reduction was Time Warner Inc, cutting an estimated $39.3M.
- Longview Partners fully exited COVIDIEN PLC COM SHS NEW (IRELAND) in Q2 2014, selling an estimated $707M.
- Longview Partners's ten largest holdings make up 58% of its $12.6B portfolio in Q2 2014.
- Longview Partners opened 0 new positions and closed 2 in Q2 2014.
- Longview Partners's portfolio value fell 1.8% quarter-over-quarter to $12.6B.
Based on Longview Partners's 13F filing for Q2 2014, filed 1 Aug 2014.