WhaleCreep

Findlay Park Partners 13F holdings, Q1 2023

Long-only investorSEC filingsCompare with another fundHoldings as of 2023-03-31, filed 2023-05-05

Findlay Park Partners disclosed 56 US equity positions worth $9.5bn in its Q1 2023 13F filing. Its largest position is MSFT at 5.7% of the reported book, followed by BRK/B and EOG. Versus Q4 2022 it opened 11 new positions, added to 13, reduced 32 and exited 2.

$9.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
56
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.7%
Largest position
The largest single position as a share of the reported equity book.
34.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
43
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 Q4 2022: 11 new, 13 added, 32 reduced, 2 exited

50 of 56
MSFT MICROSOFT CORPTechnology5.7%$544m1.89m−28%reduced
BRK/B BERKSHIRE HATHAWAY INC DEL–3.8%$363m1.18m−6.1%reduced
EOG EOG Resources IncEnergy3.8%$357m3.11m−4.8%reduced
MA MASTERCARD INCFinancial Services3.4%$318m875,065−6.1%reduced
BLD* TOPBUILD COR–3.3%$313m1.50m−19%reduced
AJG GALLAGHER ARTHUR J & COFinancial Services3.1%$292m1.53m−6.1%reduced
MLM MARTIN MARIETTA MATLS INCBasic Materials3.0%$280m789,753+11%added
SPGI S&P GLOBAL INCFinancial Services2.9%$274m795,393−6.1%reduced
NVDA NVIDIA CORPORATIONTechnology2.7%$251m904,364−6.1%reduced
FERGUSON PLC NEW no ticker–2.5%$234m1.75m−44%reduced
INTU INTUITTechnology2.5%$233m523,216−61%reduced
WCN WASTE CONNECTIONS INCIndustrials2.4%$224m1.61m+6.5%added
TMUS T-MOBILE US INCCommunication Services2.2%$212m1.46m−6.1%reduced
ACCENTURE PLC IRELAND no ticker–2.2%$207m725,000–new
SHW SHERWIN WILLIAMS COBasic Materials2.2%$206m917,696+8.2%added
ICE INTERCONTINENTAL EXCHANGE INFinancial Services2.2%$205m1.96m+6.9%added
J JACOBS SOLUTIONS INCIndustrials2.1%$200m1.70m−6.1%reduced
MRSH MARSH & MCLENNAN COS INCFinancial Services2.1%$197m1.18m−6.1%reduced
ADI ANALOG DEVICES INCTechnology2.0%$189m956,907−6.1%reduced
CBRE CBRE GROUP INCReal Estate2.0%$186m2.56m+8.2%added
RGLD ROYAL GOLD INCBasic Materials1.9%$181m1.40m+17%added
IT GARTNER INCTechnology1.9%$179m550,985+14%added
TDY TELEDYNE TECHNOLOGIES INCTechnology1.8%$172m385,421+12%added
TMO THERMO FISHER SCIENTIFIC INCHealthcare1.8%$169m293,572−4.8%reduced
GOOG ALPHABET INCCommunication Services1.8%$169m1.62m−50%reduced
CSGP COSTAR GROUP INCReal Estate1.7%$164m2.38m−6.1%reduced
COP CONOCOPHILLIPSEnergy1.7%$164m1.65m−6.1%reduced
POOL POOL CORPIndustrials1.7%$158m461,917−6.1%reduced
ADSK AUTODESK INCTechnology1.7%$157m754,153−32%reduced
DHR DANAHER CORP DELHealthcare1.6%$152m602,157−4.8%reduced
URI UNITED RENTALS INCIndustrials1.5%$144m363,460−6.1%reduced
KEYS KEYSIGHT TECHNOLOGIES INCTechnology1.5%$142m882,003−6.1%reduced
UNH UNITEDHEALTH GROUP INCHealthcare1.5%$140m297,284+49%added
ACM AECOMIndustrials1.5%$140m1.66m+468%added
UNP UNION PACIFIC CORPIndustrials1.5%$138m687,438−6.1%reduced
ABNB AIRBNB INCConsumer Cyclical1.4%$131m1.05m−6.1%reduced
LIBERTY MEDIA CORP DEL no ticker–1.3%$128m1.71m−6.1%reduced
APD AIR PRODUCTS AND CHEMICALS IBasic Materials1.3%$127m443,789−6.1%reduced
CDW CDW CORPTechnology1.3%$124m636,131–new
TXN TEXAS INSTRS INCTechnology1.2%$111m594,077−6.1%reduced
SCHW SCHWAB CHARLES CORPFinancial Services1.2%$109m2.09m+29%added
WST WEST PHARMACEUTICAL SVSC INCHealthcare1.1%$103m297,040+73%added
IBP INSTALLED BLDG PRODS INCConsumer Cyclical1.1%$101m885,334−40%reduced
STE STERIS PLCHealthcare1.1%$101m526,747–new
CTAS CINTAS CORPIndustrials0.9%$84.9m183,476−6.1%reduced
ALC ALCON INCHealthcare0.9%$84.4m1.20m–new
MCHP MICROCHIP TECHNOLOGY INC.Technology0.8%$76.1m908,762–new
CNI CANADIAN NATL RY COIndustrials0.8%$73.6m623,641+44%added
TSCO TRACTOR SUPPLY COConsumer Cyclical0.7%$64.5m274,625–new
FTV FORTIVE CORPTechnology0.7%$63.3m929,246−6.1%reduced

Exited since Q4 2022

2 rows
AMZN AMAZON COM INC1.5%$134m
FISV FISERV INC1.2%$109m

Sector mix

  • Technology23.7%
  • Financial Services14.7%
  • Industrials13.5%
  • Unclassified13.1%
  • Healthcare8.6%
  • Basic Materials8.4%
  • Energy5.5%
  • Consumer Cyclical4.4%
  • Communication Services4.0%
  • Real Estate3.7%
  • Consumer Defensive0.4%

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