North American Management Portfolio holdings

North American Management's Q2 2014 Portfolio in Review

As of Q2 2014, North American Management held 152 positions worth $660M, up 9.8% from $601M the previous quarter. Its ten largest holdings account for 35% of the portfolio.

North American Management deployed $35.1M of net new capital in Q2 2014, opening 6 new positions and adding to 54 existing holdings. Its largest new stake was Sanofi: 48,056 shares worth $2.56M.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $617K trimmed.

• North American Management's largest Q2 2014 buy was Sanofi: 48,056 shares worth $2.56M.
• North American Management added most to Express Scripts Holding Company in Q2 2014, an estimated $4.76M increase.
• North American Management's biggest Q2 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $617K.
• North American Management fully exited Vodafone in Q2 2014, selling an estimated $1.52M.
• North American Management's ten largest holdings make up 35% of its $660M portfolio in Q2 2014.
• North American Management opened 6 new positions and closed 9 in Q2 2014.
• North American Management's portfolio value rose 9.8% quarter-over-quarter to $660M.

Based on North American Management's 13F filing for Q2 2014, filed 23 Jul 2014.