North American Management Portfolio holdings

North American Management's Q2 2016 Portfolio in Review

As of Q2 2016, North American Management held 146 positions worth $599M, down 2.1% from $612M the previous quarter. Its ten largest holdings account for 38% of the portfolio.

North American Management withdrew a net $31.8M in Q2 2016, closing 8 positions and reducing 66 holdings. Its most notable exit was Columbia Emerging Markets Consumer ETF, an estimated $6.55M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 17% of assets, up from 17% a quarter earlier, followed by Healthcare and Consumer Staples.

Against the trend, North American Management opened a new position in Mondelez International worth $19.5M.

• North American Management's largest Q2 2016 buy was Mondelez International: 428,027 shares worth $19.5M.
• North American Management added most to Abbott in Q2 2016, an estimated $17.8M increase.
• North American Management's biggest Q2 2016 reduction was Express Scripts Holding Company, cutting an estimated $17.4M.
• North American Management fully exited Columbia Emerging Markets Consumer ETF in Q2 2016, selling an estimated $6.55M.
• North American Management's ten largest holdings make up 38% of its $599M portfolio in Q2 2016.
• North American Management opened 4 new positions and closed 8 in Q2 2016.
• North American Management's portfolio value fell 2.1% quarter-over-quarter to $599M.

Based on North American Management's 13F filing for Q2 2016, filed 18 Jul 2016.