WhaleCreep

Findlay Park Partners 13F holdings, Q3 2014

Long-only investorSEC filingsCompare with another fundHoldings as of 2014-09-30, filed 2014-11-12

Findlay Park Partners disclosed 105 US equity positions worth $9.3bn in its Q3 2014 13F filing. Its largest position is FISV at 3.3% of the reported book, followed by COMCAST CORP NEW and HD. Versus Q2 2014 it opened 8 new positions, added to 25, reduced 26 and exited 9.

$9.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
105
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
3.3%
Largest position
The largest single position as a share of the reported equity book.
25.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
68
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
82
Quarters on file since Q4 2005
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2014: 8 new, 25 added, 26 reduced, 9 exited

50 of 105
FISV FISERV INC–3.3%$304m4.70m+1.7%added
COMCAST CORP NEW no ticker–3.1%$291m5.45m−3.8%reduced
HD HOME DEPOT INCConsumer Cyclical2.6%$242m2.64m0.0%held
C CITIGROUP INCFinancial Services2.5%$237m4.57m+262%added
TXN TEXAS INSTRS INCTechnology2.5%$237m4.96m0.0%held
KKR & CO L P DEL no ticker–2.5%$235m10.53m+5.4%added
FIS FIDELITY NATL INFORMATION SVTechnology2.5%$231m4.11m0.0%held
EFX EQUIFAX INCIndustrials2.4%$220m2.94m0.0%held
SHW SHERWIN WILLIAMS COBasic Materials2.0%$191m870,7670.0%held
SLB SLB LIMITEDEnergy2.0%$184m1.81m+2.9%added
DHR DANAHER CORP DELHealthcare1.9%$180m2.36m+61%added
CAREFUSION CORP no ticker–1.9%$176m3.89m0.0%held
AMT AMERICAN TOWER CORPReal Estate1.8%$171m1.83m0.0%held
TWENTY FIRST CENTY FOX INC no ticker–1.8%$170m4.95m+9.7%added
STT STATE STR CORPFinancial Services1.8%$164m2.22m0.0%held
HSIC HENRY SCHEIN INCHealthcare1.7%$161m1.38m0.0%held
CVA1EUR COVANTA HLDG CORP–1.6%$149m7.02m+13%added
SNDK SANDISK CORPTechnology1.6%$147m1.50m+35%added
SU SUNCOR ENERGY INC NEWEnergy1.5%$143m3.96m+13%added
ACCENTURE PLC IRELAND no ticker–1.5%$142m1.74m+13%added
V VISA INCFinancial Services1.5%$139m652,125+22%added
ROP ROPER TECHNOLOGIES INCTechnology1.5%$137m938,518+8.7%added
BCRUSD BARD C R INC–1.4%$132m925,2040.0%held
WBC1EUR WABCO HLDGS INC–1.4%$127m1.40m+33%added
UPS UNITED PARCEL SERVICE INCIndustrials1.3%$126m1.28m0.0%held
AXP AMERICAN EXPRESS COFinancial Services1.3%$125m1.43m−15%reduced
ITUB ITAU UNIBANCO HLDG S AFinancial Services1.3%$121m8.73m−2.8%reduced
USB US BANCORPFinancial Services1.3%$121m2.89m−31%reduced
MA MASTERCARD INCFinancial Services1.2%$112m1.51m0.0%held
DAL DELTA AIR LINES INCIndustrials1.2%$112m3.09m−11%reduced
WMT WALMART INCConsumer Defensive1.2%$110m1.44m0.0%held
WFC WELLS FARGO & COFinancial Services1.2%$110m2.13m−24%reduced
FLO FLOWERS FOODS INCConsumer Defensive1.2%$109m5.96m+10%added
JAHEUR JARDEN CORP–1.1%$106m1.77m+69%added
HCC INS HLDGS INC no ticker–1.1%$104m2.16m0.0%held
BXUSD BLACKSTONE GROUP L P–1.1%$104m3.30m0.0%held
BDX BECTON DICKINSON & COHealthcare1.1%$100m882,8440.0%held
BRK/B BERKSHIRE HATHAWAY INC DEL–1.1%$99.8m722,7660.0%held
ARW ARROW ELECTRS INCTechnology1.0%$96.0m1.73m0.0%held
BRO BROWN & BROWN INCFinancial Services1.0%$94.6m2.94m−0.7%reduced
KRAFT FOODS GROUP INC no ticker–1.0%$90.1m1.60m0.0%held
YUSD ALLEGHANY CORP DEL–0.9%$85.6m204,7480.0%held
FLS FLOWSERVE CORPIndustrials0.9%$84.4m1.20m0.0%held
DOX AMDOCS LTDTechnology0.9%$83.4m1.82m0.0%held
ADI ANALOG DEVICES INCTechnology0.9%$83.3m1.68m+55%added
GRUPO FINANCIERO SANTANDER M no ticker–0.9%$83.1m6.14m+0.8%added
VALIDUS HOLDINGS LTD no ticker–0.9%$82.3m2.10m+145%added
MDT MEDTRONIC INCHealthcare0.9%$81.2m1.31m+49%added
HP HELMERICH & PAYNE INCEnergy0.9%$79.6m813,115−20%reduced
OAK OAKTREE CAP GROUP LLC–0.8%$78.5m1.54m+30%added

Exited since Q2 2014

9 rows
CHARTER COMMUNICATIONS INC D no ticker1.0%$100m
CAR AVIS BUDGET GROUP INC0.6%$55.9m
KO COCA COLA CO0.5%$49.2m
ENTG ENTEGRIS INC0.5%$43.6m
CCK CROWN HLDGS INC0.2%$23.6m
UGI UGI CORP NEW0.2%$21.6m
CRESY CRESUD S A C I F Y A0.04%$4.0m
BMA BANCO MACRO S A0.04%$3.6m
IRSUSD IRSA INVERSIONES Y REP S A0.03%$2.8m

Sector mix

  • Unclassified36.5%
  • Financial Services17.1%
  • Technology11.7%
  • Industrials9.8%
  • Healthcare7.4%
  • Energy4.7%
  • Consumer Cyclical4.7%
  • Basic Materials3.2%
  • Consumer Defensive3.0%
  • Real Estate1.8%
  • Communication Services0.01%

Book over time

Every quarter on file (82)
QuarterPositionsEquity book
Q2 202648$7.4bn
Q1 202655$7.2bn
Q4 202556$7.8bn
Q3 202557$9.5bn
Q2 202557$9.7bn
Q1 202558$9.7bn
Q4 202459$10.1bn
Q3 202459$10.6bn
Q2 202456$10.6bn
Q1 202456$10.9bn
Q4 202358$10.2bn
Q3 202360$9.3bn
Q2 202359$9.7bn
Q1 202356$9.5bn
Q4 202247$9.2bn
Q3 202240$10.1bn
Q2 202239$10.7bn
Q1 202242$13.2bn
Q4 202145$15.0bn
Q3 202148$14.5bn
Q2 202152$14.7bn
Q1 202151$14.4bn
Q4 202045$14.4bn
Q3 202043$14.5bn
Q2 202048$12.8bn
Q1 202048$10.4bn
Q4 201952$12.8bn
Q3 201946$11.4bn
Q2 201945$11.2bn
Q1 201945$10.9bn
Q4 201848$10.5bn
Q3 201847$11.3bn
Q2 201846$10.4bn
Q1 201855$10.0bn
Q4 201758$10.5bn
Q3 201761$10.1bn
Q2 201757$9.8bn
Q1 201761$9.4bn
Q4 201660$8.2bn
Q3 201658$8.6bn
Q2 201658$8.7bn
Q1 201659$8.8bn
Q4 201566$8.8bn
Q3 201575$9.0bn
Q2 201587$9.8bn
Q1 201595$9.6bn
Q4 2014108$9.3bn
Q3 2014105$9.3bn
Q2 2014106$9.6bn
Q1 2014111$8.8bn
Q4 2013128$9.0bn
Q3 2013129$8.2bn
Q2 2013130$7.8bn
Q1 2013136$14.6bn
Q4 2012138$12.4bn
Q3 2012147$5.7bn
Q2 2012133$5.2bn
Q1 2012134$5.6bn
Q4 2011129$4.6bn
Q3 2011131$4.0bn
Q2 2011153$5.2bn
Q1 2011160$5.2bn
Q4 2010152$4.7bn
Q2 2010138$3.2bn
Q1 2010142$3.5bn
Q4 2009132$3.1bn
Q3 2009145$2.7bn
Q2 2009131$2.0bn
Q1 2009112$1.4bn
Q4 2008105$1.4bn
Q3 2008112$1.7bn
Q2 2008104$1.7bn
Q1 2008102$1.6bn
Q4 200795$1.9bn
Q3 200796$1.9bn
Q2 2007106$2.1bn
Q1 2007102$3.6bn
Q4 200695$3.1bn
Q3 200695$2.7bn
Q2 200692$1.3bn
Q1 200680$1.1bn
Q4 200587$972m

Where Findlay Park Partners was early

127 rows
CYH Community Health Systems Inc NewQ2 20061 of 1201.1%1.1%5Exited by Q3 2007+10%
HP Helmerich & Payne IncQ2 20061 of 1260.7%2.3%34Exited by Q1 2015+124%
LAZ Lazard LtdQ2 20061 of 1060.7%1.1%21Exited by Q1 2013−26%
MDU MDU Res Group IncQ2 20061 of 1080.9%1.1%7Exited by Q3 2008+43%
TAC TransAlta CorpQ2 20061 of 1021.1%1.1%5Exited by Q2 2009−29%
YUSD Alleghany Corp MDQ2 20062 of 1061.0%2.6%60Exited by Q3 2021+141%
DOX Amdocs LtdQ2 20063 of 811.4%1.9%35Exited by Q2 2015+49%
PAC GPO Aeroportuario Del Pac SA SPONQ2 20063 of 470.6%1.7%14Exited by Q3 2011+29%
CTAS Cintas CorpQ2 200614 of 1390.9%2.3%19Exited by Q4 2023+1110%
FLIR Flir Sys IncQ3 20061 of 800.7%1.7%30Exited by Q4 2017+330%
WHR Whirlpool CorpQ3 20067 of 1390.4%1.2%10Exited by Q3 2017+128%
LYV LIVE NATION ENTERTAINMENT INQ3 200614 of 2160.2%4.2%25Held at last filing, Q2 2026+797%
KEX Kirby CorpQ4 20061 of 1300.7%1.6%20Exited by Q3 2013+133%
OMAB Grupo Aeroportuario Ctr NortQ4 20061 of 400.04%1.3%22Exited by Q2 2015+75%
GATX GATX CorpQ4 20063 of 960.8%1.2%6Exited by Q2 2008−9.8%
CLH Clean Harbors IncQ1 20071 of 1280.5%1.5%21Exited by Q4 2014+138%
VMC Vulcan Matls CoQ1 20072 of 1821.1%1.3%14Exited by Q1 2016−18%
BKD Brookdale SR Living IncQ2 20071 of 1500.7%1.7%24Exited by Q3 2016−66%
NDAQ Nasdaq IncQ2 20072 of 1280.2%1.9%31Exited by Q1 2021+347%
BR Broadridge Finl Solutions InQ3 20071 of 1170.7%1.6%21Exited by Q3 2013+40%
ESE ESCO Technologies IncQ3 20071 of 781.8%2.5%3Exited by Q2 2008+19%
L Loews CorpQ3 20073 of 931.6%2.3%2Exited by Q1 2008+4.1%
TV Grupo Televisa SAQ3 20076 of 791.3%2.5%35Exited by Q3 2016+7.7%
CSGP Costar Group IncQ4 20071 of 1891.1%3.9%21Exited by Q3 2023+1784%
NICE NICE Sys LtdQ4 20071 of 1010.7%2.2%10Exited by Q1 2014+19%
VTOL Bristow Group IncQ4 20071 of 770.2%1.5%8Exited by Q4 2009−48%
SLGN Silgan Holdings IncQ1 20081 of 840.6%1.2%4Exited by Q1 2009−3.7%
WCN WASTE CONNECTIONS INCQ1 20081 of 1300.9%3.6%73Held at last filing, Q2 2026+1120%
RVTY PerkinElmer IncQ1 20082 of 1132.1%3.7%26Exited by Q4 2014+80%
WAB Wabtec CorpQ1 20083 of 1450.8%1.1%16Exited by Q2 2017+314%
CSX CSX CorpQ1 20086 of 1821.9%1.9%10Exited by Q3 2011+40%
UNP Union Pac CorpQ1 20087 of 2111.3%2.7%55Exited by Q3 2023+553%
HSIC Schein Henry IncQ2 20083 of 1420.7%2.6%36Exited by Q3 2017+255%
NSC Norfolk Southern CorpQ2 20086 of 2050.5%1.2%16Exited by Q3 2013+16%
WU Western Un CoQ2 20087 of 1330.9%1.6%8Exited by Q2 2010−31%
IFF International Flavors&FragraQ3 20081 of 1410.6%1.4%5Exited by Q4 2009−3.9%
XLP Select Sector SPDR TR SBI CONS STPLSQ3 20081 of 1092.7%2.7%2Exited by Q1 2009−14%
KMB Kimberly Clark CorpQ3 20082 of 1300.9%1.3%2Exited by Q1 2009−19%
PREJF Partnerre LtdQ3 20082 of 410.9%1.8%16Exited by Q4 2012+118%
SYY Sysco CorpQ3 20082 of 1411.2%1.5%14Exited by Q2 2012−3.1%
CCK Crown Holdings IncQ3 20085 of 1640.2%1.5%14Exited by Q3 2014+124%
CMP Compass Minerals Intl IncQ4 20081 of 1031.4%1.4%7Exited by Q4 2011+14%
WABC Westamerica BancorporationQ4 20081 of 580.2%1.5%14Exited by Q3 2012−7.7%
APH Amphenol Corp NewQ4 20082 of 1860.3%2.2%20Exited by Q1 2014+272%
BRO Brown & Brown IncQ4 20083 of 1290.3%2.3%36Exited by Q1 2018+146%
SHW SHERWIN WILLIAMS COQ4 20087 of 1920.4%3.5%64Held at last filing, Q2 2026+1629%
UHS Universal Hlth Svcs IncQ4 200811 of 1380.5%2.1%11Exited by Q1 2017+466%
ATR AptarGroup IncQ1 20092 of 1011.4%1.4%8Exited by Q2 2011+61%
DVA Davita IncQ1 20092 of 1330.8%1.1%14Exited by Q4 2012+136%
MDT Medtronic PLCQ1 20092 of 1731.1%3.6%15Exited by Q2 2017+173%

Concentration and tenure

4.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
33.0%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Diversified
Style, by median largest position
5
Median completed holding, quarters