WhaleCreep

Findlay Park Partners 13F holdings, Q4 2018

Long-only investorSEC filingsCompare with another fundHoldings as of 2018-12-31, filed 2019-02-12

Findlay Park Partners disclosed 48 US equity positions worth $10.5bn in its Q4 2018 13F filing. Its largest position is MSFT at 6.0% of the reported book, followed by APD and DHR. Versus Q3 2018 it opened 5 new positions, added to 22, reduced 18 and exited 4.

$10.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
48
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.0%
Largest position
The largest single position as a share of the reported equity book.
41.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
34
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 Q3 2018: 5 new, 22 added, 18 reduced, 4 exited

48 rows
MSFT MICROSOFT CORPTechnology6.0%$637m6.27m+1.1%added
APD AIR PRODUCTS AND CHEMICALS IBasic Materials5.0%$526m3.28m+6.4%added
DHR DANAHER CORP DELHealthcare4.5%$474m4.59m+25%added
BDX BECTON DICKINSON & COHealthcare4.4%$462m2.05m+14%added
FIS FIDELITY NATL INFORMATION SVTechnology4.1%$436m4.25m+7.6%added
BRK/B BERKSHIRE HATHAWAY INC DEL–3.9%$408m2.00m−2.4%reduced
KO COCA COLA COConsumer Defensive3.7%$385m8.13m−20%reduced
ACCENTURE PLC IRELAND no ticker–3.4%$358m2.54m−6.7%reduced
CMCSA COMCAST CORP NEWCommunication Services3.4%$354m10.40m+13%added
GOOG ALPHABET INCCommunication Services3.3%$348m336,405−1.9%reduced
TWENTY FIRST CENTY FOX INC no ticker–3.2%$333m6.92m−4.3%reduced
MMM 3M COIndustrials3.0%$312m1.64m−17%reduced
WFC WELLS FARGO & COFinancial Services2.9%$308m6.68m+11%added
WCN WASTE CONNECTIONS INCIndustrials2.9%$307m4.14m+11%added
SHW SHERWIN WILLIAMS COBasic Materials2.8%$292m741,188+11%added
DE DEERE & COIndustrials2.6%$274m1.83m+35%added
AXP AMERICAN EXPRESS COFinancial Services2.4%$257m2.70m−38%reduced
LYV LIVE NATION ENTERTAINMENT INCommunication Services2.4%$250m5.08m+57%added
Agilent Technologies Inc no ticker–2.3%$246m3.65m+91%added
YUSD ALLEGHANY CORP DEL–2.3%$245m392,627−12%reduced
SCHW SCHWAB CHARLES CORPFinancial Services2.2%$232m5.58m+99%added
ADSK AUTODESK INCTechnology2.1%$217m1.69m+14%added
HLT HILTON WORLDWIDE HLDGS INCConsumer Cyclical1.9%$203m2.83m+48%added
TMO THERMO FISHER SCIENTIFIC INCHealthcare1.9%$196m875,000−33%reduced
EOG EOG Resources IncEnergy1.8%$192m2.20m+16%added
COOPER COS INC no ticker–1.8%$188m738,7480.0%held
PB PROSPERITY BANCSHARES INCFinancial Services1.7%$177m2.84m−16%reduced
NDAQ NASDAQ INCFinancial Services1.5%$153m1.88m+70%added
MLM MARTIN MARIETTA MATLS INCBasic Materials1.4%$144m838,067−2.2%reduced
TXN TEXAS INSTRS INCTechnology1.4%$144m1.52m+76%added
MRSH MARSH & MCLENNAN COS INCFinancial Services1.3%$133m1.67m+17%added
UTXZ UNITED TECHNOLOGIES CORP–1.1%$120m1.13m–new
FISV FISERV INC–1.1%$116m1.57m+3.3%added
ICE INTERCONTINENTAL EXCHANGE INFinancial Services1.1%$116m1.54m−21%reduced
AEM AGNICO EAGLE MINES LTDBasic Materials1.0%$103m2.55m0.0%held
SLB SLB LIMITEDEnergy1.0%$102m2.82m0.0%held
MA MASTERCARD INCFinancial Services0.9%$99.0m525,000–new
CBSH COMMERCE BANCSHARES INCFinancial Services0.8%$89.2m1.58m+58%added
UNP UNION PACIFIC CORPIndustrials0.8%$87.8m635,523−42%reduced
TMUS T-MOBILE US INCCommunication Services0.8%$82.5m1.30m–new
AON AON PLCFinancial Services0.7%$78.4m539,244+15%added
TEL TE CONNECTIVITY LTDTechnology0.7%$76.3m1.01m–new
ADBE ADOBE INCTechnology0.7%$74.3m328,484−18%reduced
ADI ANALOG DEVICES INCTechnology0.6%$61.2m713,354–new
CDK CDK GLOBAL INC–0.6%$59.9m1.25m−29%reduced
MSCI MSCI INCFinancial Services0.3%$28.6m194,041−69%reduced
AMT AMERICAN TOWER CORPReal Estate0.3%$26.7m168,641−66%reduced
HOG HARLEY DAVIDSON INCConsumer Cyclical0.2%$23.4m685,061−79%reduced

Exited since Q3 2018

4 rows
MO ALTRIA GROUP INC1.1%$119m
PPG PPG INDS INC0.7%$78.7m
FTV FORTIVE CORP0.7%$75.8m
CL COLGATE PALMOLIVE CO0.5%$55.2m

Sector mix

  • Unclassified19.7%
  • Financial Services15.9%
  • Technology15.6%
  • Healthcare10.7%
  • Basic Materials10.1%
  • Communication Services9.8%
  • Industrials9.3%
  • Consumer Defensive3.7%
  • Energy2.8%
  • Consumer Cyclical2.1%
  • Real Estate0.3%

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