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 |
Parker-Hannifin
PH
|
+$762M |
| 2 |
Progressive
PGR
|
+$423M |
| 3 |
ADT Corp
ADT
|
+$395M |
| 4 |
Advance Auto Parts
AAP
|
+$291M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$298M |
| 2 |
UnitedHealth
UNH
|
+$215M |
| 3 |
Bank of New York Mellon
BNY
|
+$109M |
| 4 |
Accenture
ACN
|
+$78.3M |
| 5 |
Yum! Brands
YUM
|
+$69.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.07% |
| 2 | Financials | 22.66% |
| 3 | Healthcare | 14.99% |
| 4 | Consumer Discretionary | 14.02% |
| 5 | Industrials | 11.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Aptiv
APTV
$9.12B
| $891M | 5.85% |
10,466,554
-647,410
| -6% | -$55.4M |
2013 Q2
8 quarters
|
|
|
2
HCA Healthcare
HCA
$98.8B
| $806M | 5.29% |
8,879,496
-3,714,581
| -29% | -$298M |
2013 Q3
7 quarters
|
|
|
3
UnitedHealth
UNH
$365B
| $796M | 5.23% |
6,525,642
-1,821,027
| -22% | -$215M |
2014 Q1
5 quarters
|
|
4
Fidelity National Information Services
FIS
$19.9B
| $790M | 5.19% |
12,789,163
-310,750
| -2% | -$19.9M |
2013 Q2
8 quarters
|
|
|
TWX
5
DELISTED
Time Warner Inc
TWX
| $780M | 5.12% |
8,920,681
-798,780
| -8% | -$68.2M |
2013 Q2
8 quarters
|
|
6
Aon
AON
$68.2B
| $778M | 5.11% |
7,803,740
-428,000
| -5% | -$42.8M |
2013 Q2
8 quarters
|
|
|
7
Accenture
ACN
$158B
| $757M | 4.97% |
7,827,013
-819,300
| -9% | -$78.3M |
2013 Q2
8 quarters
|
|
|
8
Yum! Brands
YUM
$42.4B
| $754M | 4.95% |
11,647,362
-1,093,159
| -9% | -$69.3M |
2013 Q2
8 quarters
|
|
|
9
Bank of New York Mellon
BNY
$99B
| $744M | 4.88% |
17,720,545
-2,555,170
| -13% | -$109M |
2013 Q2
8 quarters
|
|
10
Wells Fargo
WFC
$250B
| $738M | 4.85% |
13,125,829
-772,910
| -6% | -$43.1M |
2013 Q2
8 quarters
|
|
|
11
Parker-Hannifin
PH
$113B
| $734M | 4.82% |
+6,308,749
| New | +$762M |
2015 Q2
0 quarters
|
|
12
Oracle
ORCL
$396B
| $718M | 4.72% |
17,821,056
-602,040
| -3% | -$26.1M |
2013 Q2
8 quarters
|
|
13
Fiserv Inc
FISV
$26.6B
| $692M | 4.55% |
16,716,648
-504,200
| -3% | -$20.3M |
2013 Q2
8 quarters
|
|
14
TE Connectivity
TEL
$61.2B
| $690M | 4.53% |
10,732,059
-295,710
| -3% | -$20.4M |
2013 Q2
8 quarters
|
|
15
Pfizer
PFE
$174B
| $681M | 4.47% |
21,404,136
-311,941
| -1% | -$10.2M |
2013 Q2
8 quarters
|
|
16
Emerson Electric
EMR
$92B
| $643M | 4.23% |
11,608,328
-360,263
| -3% | -$21.2M |
2015 Q1
1 quarter
|
|
17
Truist Financial
TFC
$58.5B
| $602M | 3.95% |
14,926,682
-457,359
| -3% | -$18.1M |
2013 Q2
8 quarters
|
|
|
18
Progressive
PGR
$134B
| $590M | 3.87% |
21,202,211
+15,512,900
| +273% | +$423M |
2015 Q1
1 quarter
|
|
|
VIAB
19
DELISTED
Viacom Inc. Class B
VIAB
| $560M | 3.68% |
8,667,871
-265,053
| -3% | -$18M |
2013 Q2
8 quarters
|
|
|
20
Advance Auto Parts
AAP
$2.72B
| $490M | 3.22% |
3,074,184
+1,902,256
| +162% | +$291M |
2014 Q3
3 quarters
|
|
|
21
DELISTED
ADT Corp
ADT
| $348M | 2.29% |
+10,372,036
| New | +$395M |
2015 Q2
0 quarters
|
|
22
Omnicom Group
OMC
$22.3B
| $325M | 2.14% |
4,679,408
-121,150
| -3% | -$9.15M |
2014 Q1
5 quarters
|
|
23
Arrow Electronics
ARW
$10.6B
| $167M | 1.1% |
2,996,851
-82,186
| -3% | -$5M |
2013 Q2
8 quarters
|
|
24
Avnet
AVT
$7.25B
| $155M | 1.02% |
3,760,817
-97,227
| -3% | -$4.28M |
2013 Q2
8 quarters
|
|
25
AutoZone
AZO
$51B
| – | – |
-90,417
| Closed | -$61.7M | – |
|
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Longview Partners's Q2 2015 Portfolio in Review
As of Q2 2015, Longview Partners held 25 positions worth $15.2B, up 5.6% from $14.4B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Longview Partners deployed $658M of net new capital in Q2 2015, opening 2 new positions and adding to 2 existing holdings. Its largest new stake was Parker-Hannifin: 6,308,749 shares worth $734M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was HCA Healthcare, an estimated $298M trimmed.
- Longview Partners's largest Q2 2015 buy was Parker-Hannifin: 6,308,749 shares worth $734M.
- Longview Partners added most to Progressive in Q2 2015, an estimated $423M increase.
- Longview Partners's biggest Q2 2015 reduction was HCA Healthcare, cutting an estimated $298M.
- Longview Partners fully exited AutoZone in Q2 2015, selling an estimated $61.7M.
- Longview Partners's ten largest holdings make up 51% of its $15.2B portfolio in Q2 2015.
- Longview Partners opened 2 new positions and closed 1 in Q2 2015.
- Longview Partners's portfolio value rose 5.6% quarter-over-quarter to $15.2B.
Based on Longview Partners's 13F filing for Q2 2015, filed 3 Aug 2015.