TCW Group Portfolio holdings
TCW Group, originally called Trust Company of the West, is an asset manager that runs bond, stock and private credit strategies. Robert A. Day started the firm in 1971. Société Générale took a majority stake in 2001, and in 2010 TCW completed its purchase of Metropolitan West Asset Management, a smaller rival. In 2013 TCW's management and the Carlyle Group, an alternative asset manager, bought the firm from Société Générale. Its clients include pension plans, financial institutions, endowments, foundations and high net worth individuals, and it has also built an ETF lineup, partly by buying Engine No. 1's ETF business.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$40.1M |
| 2 |
Adobe
ADBE
|
+$31.9M |
| 3 |
Acadia Healthcare
ACHC
|
+$26M |
| 4 |
Newfield Exploration
NFX
|
+$23.6M |
| 5 |
DuPont de Nemours
DD
|
+$22.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
The Gap Inc
GAP
|
+$100M |
| 2 |
Ameriprise Financial
AMP
|
+$92.1M |
| 3 |
Under Armour
UAA
|
+$49.1M |
| 4 |
ADT Corp
ADT
|
+$43.9M |
| 5 |
American Tower
AMT
|
+$41.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.8% |
| 2 | Technology | 16.15% |
| 3 | Financials | 14.61% |
| 4 | Consumer Discretionary | 12.3% |
| 5 | Real Estate | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.6T
| $336M | 2.54% |
9,696,040
+69,780
| +0.7% | +$2.51M |
2013 Q2
12 quarters
|
|
2
Meta Platforms (Facebook)
META
$1.64T
| $294M | 2.22% |
2,570,078
+6,454
| +0.3% | +$744K |
2013 Q2
12 quarters
|
|
|
3
American Tower
AMT
$88.9B
| $272M | 2.05% |
2,390,947
-387,910
| -14% | -$41.3M |
2013 Q2
12 quarters
|
|
4
Visa
V
$794B
| $268M | 2.03% |
3,615,597
+21,914
| +0.6% | +$1.72M |
2013 Q2
12 quarters
|
|
5
Salesforce
CRM
$179B
| $262M | 1.98% |
3,298,737
-440,756
| -12% | -$34.6M |
2013 Q2
12 quarters
|
|
6
GE Aerospace
GE
$344B
| $261M | 1.98% |
1,732,901
-103,100
| -6% | -$15M |
2013 Q2
12 quarters
|
|
7
Comcast
CMCSA
$89.3B
| $241M | 1.82% |
7,379,840
-757,554
| -9% | -$23.5M |
2013 Q2
12 quarters
|
|
8
Chubb
CB
$144B
| $232M | 1.75% |
1,771,392
-44,876
| -2% | -$5.53M |
2013 Q2
12 quarters
|
|
9
JPMorgan Chase
JPM
$919B
| $219M | 1.66% |
3,529,887
-188,539
| -5% | -$11.8M |
2013 Q2
12 quarters
|
|
10
Microsoft
MSFT
$3.89T
| $216M | 1.63% |
4,221,077
-204,151
| -5% | -$10.6M |
2013 Q2
12 quarters
|
|
|
CELG
11
DELISTED
Celgene Corp
CELG
| $213M | 1.61% |
2,158,774
+100,726
| +5% | +$10.4M |
2013 Q2
12 quarters
|
|
12
Equinix
EQIX
$104B
| $211M | 1.59% |
543,710
-97,762
| -15% | -$34.1M |
2013 Q2
12 quarters
|
|
13
Chevron
CVX
$429B
| $204M | 1.54% |
1,945,043
-64,414
| -3% | -$6.48M |
2013 Q2
12 quarters
|
|
14
Amazon
AMZN
$2.88T
| $202M | 1.52% |
5,634,380
+61,280
| +1% | +$2.07M |
2013 Q2
12 quarters
|
|
15
Starbucks
SBUX
$121B
| $199M | 1.5% |
3,479,728
+38,471
| +1% | +$2.19M |
2013 Q2
12 quarters
|
|
16
Booking.com
BKNG
$119B
| $198M | 1.5% |
3,968,375
+52,475
| +1% | +$2.72M |
2013 Q2
12 quarters
|
|
17
CVS Health
CVS
$114B
| $190M | 1.44% |
1,986,304
+61,952
| +3% | +$6.17M |
2013 Q2
12 quarters
|
|
18
Cisco
CSCO
$377B
| $182M | 1.38% |
6,349,761
-390,406
| -6% | -$11M |
2013 Q2
12 quarters
|
|
19
PepsiCo
PEP
$198B
| $181M | 1.37% |
1,712,325
-160,239
| -9% | -$16.5M |
2013 Q2
12 quarters
|
|
20
DELISTED
Mobileye N.V.
MBLY
| $178M | 1.35% |
3,862,270
-241,979
| -6% | -$9.26M |
2014 Q3
7 quarters
|
|
21
Lennar Class A
LEN
$19.9B
| $171M | 1.29% |
3,894,308
-47,116
| -1% | -$2.06M |
2013 Q2
12 quarters
|
|
22
Citigroup
C
$205B
| $168M | 1.27% |
3,956,684
-130,712
| -3% | -$5.78M |
2013 Q2
12 quarters
|
|
|
AGN
23
DELISTED
Allergan plc
AGN
| $166M | 1.26% |
719,329
+173,916
| +32% | +$40.1M |
2013 Q2
12 quarters
|
|
24
Pfizer
PFE
$165B
| $166M | 1.25% |
4,956,518
-556,951
| -10% | -$17.8M |
2013 Q2
12 quarters
|
|
|
ATHN
25
DELISTED
Athenahealth, Inc.
ATHN
| $164M | 1.24% |
1,185,054
-2,586
| -0.2% | -$342K |
2013 Q2
12 quarters
|
|
Similar funds
TCW Group's Q2 2016 Portfolio in Review
As of Q2 2016, TCW Group held 715 positions worth $13.2B, down 2.9% from $13.6B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
TCW Group withdrew a net $557M in Q2 2016, closing 39 positions and reducing 243 holdings. Its most notable exit was ADT Corp, an estimated $43.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 17% a quarter earlier, followed by Technology and Financials.
Against the trend, TCW Group opened a new position in Under Armour Class C worth $19.2M.
- TCW Group's largest Q2 2016 buy was Under Armour Class C: 526,987 shares worth $19.2M.
- TCW Group added most to Allergan plc in Q2 2016, an estimated $40.1M increase.
- TCW Group's biggest Q2 2016 reduction was The Gap Inc, cutting an estimated $100M.
- TCW Group fully exited ADT Corp in Q2 2016, selling an estimated $43.9M.
- TCW Group's ten largest holdings make up 20% of its $13.2B portfolio in Q2 2016.
- TCW Group opened 42 new positions and closed 39 in Q2 2016.
- TCW Group's portfolio value fell 2.9% quarter-over-quarter to $13.2B.
Based on TCW Group's 13F filing for Q2 2016, filed 12 Aug 2016.