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TCM
Twin Capital Management Portfolio holdings
AUM
$776M
1-Year Est. Return
28.34%
This Fund
S&P 500
This Quarter
Est. Return
+9.15%
1 Year Est. Return
+28.34%
3 Year Est. Return
+101.5%
5 Year Est. Return
+138.91%
10 Year Est. Return
+461.53%
AUM
$1.18B
AUM Growth
-$199M
(-14%)
Cap. Flow
-$298M
Cap. Flow
% of AUM
-25.24%
Top 10 Holdings %
Top 10 Hldgs %
21.74%
Holding
279
New
17
Increased
17
Reduced
228
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$4.54M |
| 2 |
Morgan Stanley
MS
|
+$4.17M |
| 3 |
Teleflex
TFX
|
+$2.35M |
| 4 |
KLA
KLAC
|
+$2.28M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$1.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$12.8M |
| 2 |
Apple
AAPL
|
+$12.5M |
| 3 |
Accenture
ACN
|
+$11.4M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$7.87M |
| 5 |
Amazon
AMZN
|
+$7.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.03% |
| 2 | Financials | 14.54% |
| 3 | Healthcare | 12.82% |
| 4 | Industrials | 9.18% |
| 5 | Communication Services | 8.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$2.95T
| $54.1M | 4.57% |
342,962
-87,167
| -20% | -$12.8M |
|
|
2
Apple
AAPL
$4.97T
| $42.6M | 3.6% |
579,760
-194,800
| -25% | -$12.5M |
|
|
3
Alphabet (Google) Class A
GOOGL
$4.11T
| $23.4M | 1.98% |
348,980
-122,000
| -26% | -$7.87M |
|
|
4
Amazon
AMZN
$2.49T
| $22.3M | 1.88% |
241,080
-81,900
| -25% | -$7.25M |
|
5
Johnson & Johnson
JNJ
$645B
| $21.2M | 1.79% |
145,011
-9,232
| -6% | -$1.25M |
|
6
JPMorgan Chase
JPM
$946B
| $21M | 1.77% |
150,438
-55,175
| -27% | -$7.08M |
|
7
Procter & Gamble
PG
$351B
| $20.3M | 1.72% |
162,854
-44,130
| -21% | -$5.4M |
|
8
Bank of America
BAC
$438B
| $18M | 1.52% |
511,127
-185,920
| -27% | -$6.01M |
|
9
Mastercard
MA
$496B
| $17.4M | 1.47% |
58,226
-4,672
| -7% | -$1.32M |
|
10
AT&T
T
$169B
| $17M | 1.43% |
574,486
-95,108
| -14% | -$2.75M |
|
11
Intel
INTC
$436B
| $16.6M | 1.41% |
277,805
-63,840
| -19% | -$3.57M |
|
12
Meta Platforms (Facebook)
META
$1.51T
| $16.4M | 1.38% |
79,720
-25,200
| -24% | -$4.88M |
|
13
Merck
MRK
$325B
| $14.1M | 1.19% |
162,249
-39,940
| -20% | -$3.28M |
|
14
Vanguard S&P 500 ETF
VOO
$971B
| $14.1M | 1.19% |
47,535
-2,210
| -4% | -$625K |
|
15
UnitedHealth
UNH
$390B
| $14M | 1.18% |
47,626
-15,145
| -24% | -$3.96M |
|
16
PepsiCo
PEP
$194B
| $13.8M | 1.17% |
101,297
-28,605
| -22% | -$3.89M |
|
17
Walt Disney
DIS
$172B
| $13.2M | 1.11% |
91,087
-40,305
| -31% | -$5.63M |
|
18
Verizon
VZ
$201B
| $13M | 1.1% |
211,667
-52,810
| -20% | -$3.19M |
|
19
Chevron
CVX
$375B
| $11.9M | 1% |
98,612
-23,074
| -19% | -$2.72M |
|
20
ExxonMobil
XOM
$636B
| $11.6M | 0.98% |
165,977
-33,370
| -17% | -$2.31M |
|
21
Automatic Data Processing
ADP
$106B
| $10.9M | 0.92% |
63,906
-16,500
| -21% | -$2.73M |
|
22
Comcast
CMCSA
$85.6B
| $10.8M | 0.91% |
240,463
-13,850
| -5% | -$617K |
|
23
Citigroup
C
$221B
| $10.7M | 0.9% |
133,561
-48,290
| -27% | -$3.57M |
|
24
Amgen
AMGN
$211B
| $10.5M | 0.89% |
43,490
-14,040
| -24% | -$3.09M |
|
25
Visa
V
$705B
| $10.5M | 0.89% |
55,721
-10,716
| -16% | -$1.93M |
|
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Twin Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Twin Capital Management held 279 positions worth $1.18B, down 14% from $1.38B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Twin Capital Management withdrew a net $298M in Q4 2019, closing 13 positions and reducing 228 holdings. Its most notable exit was Adobe, an estimated $7.23M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Twin Capital Management opened a new position in Morgan Stanley worth $4.5M.
- Twin Capital Management's largest Q4 2019 buy was Morgan Stanley: 88,133 shares worth $4.5M.
- Twin Capital Management added most to Qualcomm in Q4 2019, an estimated $4.54M increase.
- Twin Capital Management's biggest Q4 2019 reduction was Microsoft, cutting an estimated $12.8M.
- Twin Capital Management fully exited Adobe in Q4 2019, selling an estimated $7.23M.
- Twin Capital Management's ten largest holdings make up 22% of its $1.18B portfolio in Q4 2019.
- Twin Capital Management opened 17 new positions and closed 13 in Q4 2019.
- Twin Capital Management's portfolio value fell 14% quarter-over-quarter to $1.18B.
Based on Twin Capital Management's 13F filing for Q4 2019, filed 29 Jan 2020.