SRB Corp Portfolio holdings
SRB is the investment arm of The Plymouth Rock Company, managing money for its parent and the property and casualty insurers affiliated with it since 1992. It manages bonds, stocks and real estate for those clients, and picks hedge funds and private equity investments for them. Because its clients are mostly insurers, its investment guidelines aim for safety of principal, enough cash on hand for operations, and as much total return as those limits allow. Among its indirect owners are Central Securities Corporation, a closed-end investment company, and James M. Stone, chairman and chief executive of The Plymouth Rock Company.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$18.4M |
| 2 |
FRC
First Republic Bank
FRC
|
+$8.9M |
| 3 |
Microsoft
MSFT
|
+$4.95M |
| 4 |
Merck
MRK
|
+$4.51M |
| 5 |
Enterprise Products Partners
EPD
|
+$3.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$814K |
| 2 |
Safety Insurance
SAFT
|
+$792K |
| 3 |
Target
TGT
|
+$722K |
| 4 |
PARTNERRE LTD
PRE
|
+$376K |
| 5 |
First Solar
FSLR
|
+$205K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.31% |
| 2 | Financials | 21.86% |
| 3 | Energy | 18.72% |
| 4 | Consumer Staples | 15.04% |
| 5 | Healthcare | 11.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Target
TGT
$73.3B
| $110M | 14.58% |
1,347,598
-8,927
| -0.7% | -$722K |
2013 Q2
8 quarters
|
|
|
2
Intel
INTC
$317B
| $107M | 14.23% |
3,517,074
-25,175
| -0.7% | -$814K |
2013 Q2
8 quarters
|
|
|
3
Microsoft
MSFT
$3.89T
| $88.1M | 11.68% |
1,996,540
+108,517
| +6% | +$4.95M |
2013 Q2
8 quarters
|
|
|
4
Merck
MRK
$364B
| $86.7M | 11.49% |
1,594,635
+80,365
| +5% | +$4.51M |
2013 Q2
8 quarters
|
|
|
5
Safety Insurance
SAFT
$1.53B
| $82.9M | 10.99% |
1,431,106
-13,659
| -0.9% | -$792K |
2013 Q2
8 quarters
|
|
|
6
ExxonMobil
XOM
$696B
| $77.1M | 10.22% |
926,030
+214,566
| +30% | +$18.4M |
2013 Q2
8 quarters
|
|
|
7
DELISTED
PARTNERRE LTD
PRE
| $60.4M | 8% |
480,546
-2,916
| -0.6% | -$376K |
2014 Q1
5 quarters
|
|
8
Plains All American Pipeline
PAA
$17.3B
| $22.4M | 2.97% |
507,127
+70,583
| +16% | +$3.39M |
2013 Q2
8 quarters
|
|
|
ETP
9
DELISTED
Energy Transfer Partners L.p.
ETP
| $21.8M | 2.89% |
414,141
+57,682
| +16% | +$3.22M |
2015 Q1
1 quarter
|
|
10
Tapestry
TPR
$26B
| $21.7M | 2.88% |
590,324
| – | – |
2013 Q2
8 quarters
|
|
|
11
Enterprise Products Partners
EPD
$82.6B
| $17.7M | 2.35% |
578,279
+103,949
| +22% | +$3.4M |
2013 Q2
8 quarters
|
|
12
Verisk Analytics
VRSK
$26.7B
| $16.4M | 2.18% |
225,925
| – | – |
2013 Q2
8 quarters
|
|
|
FRC
13
DELISTED
First Republic Bank
FRC
| $11.9M | 1.57% |
188,491
+147,177
| +356% | +$8.9M |
2014 Q4
2 quarters
|
|
14
Northeast Bank
NBN
$1.09B
| $3.3M | 0.44% |
357,041
| – | – |
2013 Q2
8 quarters
|
|
15
Procter & Gamble
PG
$394B
| $2.64M | 0.35% |
33,248
-842
| -2% | -$67.8K |
2013 Q2
8 quarters
|
|
16
Cigna
CI
$78.2B
| $175K | 0.02% |
+1,079
| New | +$149K |
2015 Q2
0 quarters
|
|
|
AET
17
DELISTED
Aetna Inc
AET
| $162K | 0.02% |
+1,271
| New | +$145K |
2015 Q2
0 quarters
|
|
18
Darden Restaurants
DRI
$25.9B
| $160K | 0.02% |
2,523
-426
| -14% | -$25.2K |
2014 Q4
2 quarters
|
|
19
Edwards Lifesciences
EW
$61.6B
| $159K | 0.02% |
6,684
-876
| -12% | -$19.8K |
2014 Q3
3 quarters
|
|
20
PVH
PVH
$4.3B
| $158K | 0.02% |
+1,370
| New | +$149K |
2015 Q2
0 quarters
|
|
21
Zions Bancorporation
ZION
$9.6B
| $158K | 0.02% |
4,982
-1,466
| -23% | -$43.1K |
2015 Q1
1 quarter
|
|
22
Humana
HUM
$54.1B
| $155K | 0.02% |
812
-216
| -21% | -$40.1K |
2014 Q3
3 quarters
|
|
23
Pentair
PNR
$10.9B
| $155K | 0.02% |
3,362
-371
| -10% | -$15.7K |
2014 Q4
2 quarters
|
|
24
Gilead Sciences
GILD
$208B
| $154K | 0.02% |
1,315
-306
| -19% | -$33.4K |
2015 Q1
1 quarter
|
|
25
MetLife
MET
$64.5B
| $154K | 0.02% |
3,082
-641
| -17% | -$30.4K |
2014 Q3
3 quarters
|
|
Similar funds
SRB Corp's Q2 2015 Portfolio in Review
As of Q2 2015, SRB Corp held 206 positions worth $755M, up 5.6% from $714M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
SRB Corp deployed $44M of net new capital in Q2 2015, opening 40 new positions and adding to 10 existing holdings. Its largest new stake was Southwest Airlines: 3,977 shares worth $132K.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Financials and Energy.
On the sell side, the largest reduction was Intel, an estimated $814K trimmed.
- SRB Corp's largest Q2 2015 buy was Southwest Airlines: 3,977 shares worth $132K.
- SRB Corp added most to ExxonMobil in Q2 2015, an estimated $18.4M increase.
- SRB Corp's biggest Q2 2015 reduction was Intel, cutting an estimated $814K.
- SRB Corp fully exited First Solar in Q2 2015, selling an estimated $205K.
- SRB Corp's ten largest holdings make up 90% of its $755M portfolio in Q2 2015.
- SRB Corp opened 40 new positions and closed 20 in Q2 2015.
- SRB Corp's portfolio value rose 5.6% quarter-over-quarter to $755M.
Based on SRB Corp's 13F filing for Q2 2015, filed 14 Aug 2015.