Select Equity Group Portfolio holdings

Select Equity Group's Q1 2014 Portfolio in Review

As of Q1 2014, Select Equity Group held 126 positions worth $9.16B, down 4.6% from $9.6B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Select Equity Group withdrew a net $595M in Q1 2014, closing 20 positions and reducing 38 holdings. Its most notable exit was Berry Global Group, Inc., an estimated $61.8M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, up from 24% a quarter earlier, followed by Industrials and Financials.

Against the trend, Select Equity Group opened a new position in Westlake Corp worth $112M.

• Select Equity Group's largest Q1 2014 buy was Westlake Corp: 1,695,186 shares worth $112M.
• Select Equity Group added most to Allegion in Q1 2014, an estimated $61.2M increase.
• Select Equity Group's biggest Q1 2014 reduction was Signet Jewelers, cutting an estimated $213M.
• Select Equity Group fully exited Berry Global Group, Inc. in Q1 2014, selling an estimated $61.8M.
• Select Equity Group's ten largest holdings make up 37% of its $9.16B portfolio in Q1 2014.
• Select Equity Group opened 18 new positions and closed 20 in Q1 2014.
• Select Equity Group's portfolio value fell 4.6% quarter-over-quarter to $9.16B.

Based on Select Equity Group's 13F filing for Q1 2014, filed 15 May 2014.