North American Management Portfolio holdings

North American Management's Q2 2015 Portfolio in Review

As of Q2 2015, North American Management held 134 positions worth $583M, down 4.2% from $608M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

North American Management withdrew a net $19.2M in Q2 2015, closing 8 positions and reducing 48 holdings. Its most notable exit was State Street Materials Select Sector SPDR ETF, an estimated $716K position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 16% a quarter earlier, followed by Industrials and Financials.

Against the trend, North American Management opened a new position in AT&T worth $6.05M.

• North American Management's largest Q2 2015 buy was AT&T: 225,514 shares worth $6.05M.
• North American Management added most to American Express in Q2 2015, an estimated $2.91M increase.
• North American Management's biggest Q2 2015 reduction was Citigroup, cutting an estimated $9.37M.
• North American Management fully exited State Street Materials Select Sector SPDR ETF in Q2 2015, selling an estimated $716K.
• North American Management's ten largest holdings make up 40% of its $583M portfolio in Q2 2015.
• North American Management opened 4 new positions and closed 8 in Q2 2015.
• North American Management's portfolio value fell 4.2% quarter-over-quarter to $583M.

Based on North American Management's 13F filing for Q2 2015, filed 21 Jul 2015.