Select Equity Group: 13F holdings, Q3 2013
Emerging, concentrated · SEC EDGAR filings (CIK 0001126116) · Explore on the interactive board
Select Equity Group disclosed 80 US equity positions worth $8.6bn in its Q3 2013 13F filing (holdings as of September 30, 2013, filed November 14, 2013). Its largest position is HOG at 5.7% of the reported book, followed by SHW, SIG. The top ten holdings are 39.6% of the book, and the portfolio behaves like about 37 equal-weight positions. Versus the prior filing it opened 11 new positions, added to 36, reduced 31 and exited 6. Note: this manager's most recent filing is 51 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Select Equity Group own? Top holdings as of September 30, 2013
Change is measured in shares against the previous filing (Q2 2013), so price moves do not read as decisions. This quarter: 11 new, 36 added, 31 reduced, 6 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | HOG HARLEY-DAVIDSON INC. HOG | Consumer Cyclical | 5.7% | $488.0m | 4,952,539 | -2% | reduced |
| 2 | SHW SHERWIN WILLIAMS CO SHW | Basic Materials | 5.4% | $461.2m | 1,642,595 | 26% | added |
| 3 | SIG SIGNET JEWLERS LTD SIG | Consumer Cyclical | 4.3% | $367.4m | 3,223,187 | 8% | added |
| 4 | MHK MOHAWK INDUSTRIES INC MHK | Consumer Cyclical | 4.2% | $361.2m | 1,866,029 | 1% | added |
| 5 | PALL CORP PLL | 3.6% | $313.5m | 2,541,403 | -1% | reduced | |
| 6 | ORLY OREILLY AUTOMOTIVE ORLY | Consumer Cyclical | 3.6% | $308.3m | 2,416,674 | 20% | added |
| 7 | MKL MARKEL CORP MKL | Financial Services | 3.6% | $306.1m | 386,187 | 1% | added |
| 8 | DENTSPLY INTERNATIONAL INC X | 3.2% | $276.1m | 6,359,460 | 2% | added | |
| 9 | KEX KIRBY CORP KEX | Industrials | 3.1% | $268.5m | 3,102,597 | 1% | added |
| 10 | IHS INC CLASS A IHS | 3.0% | $261.1m | 1,460,559 | 3% | added | |
| 11 | WSM WILLIAMS SONOMA INC WSM | Consumer Cyclical | 2.8% | $240.5m | 4,279,687 | -0% | held |
| 12 | MICRO SYSTEMS MCRS | 2.8% | $240.4m | 3,198,453 | 2% | added | |
| 13 | AIRGAS INC ARG | 2.8% | $237.1m | 1,457,823 | 2% | added | |
| 14 | APH AMPHENOL CORPORATION | Technology | 2.7% | $229.1m | 1,919,740 | -12% | reduced |
| 15 | TDG TRANSDIGM GROUP INC. TDG | Industrials | 2.6% | $227.2m | 1,047,879 | 1% | added |
| 16 | CABELA'S INC CAB | 2.5% | $213.6m | 2,321,061 | 111% | added | |
| 17 | BROOKFIELD ASSET MANAGEMENT | 2.4% | $206.4m | 5,517,864 | 9% | added | |
| 18 | SGI TEMPUR SEALY INTERNATIONAL INC | Consumer Cyclical | 2.2% | $190.3m | 3,111,990 | 1785% | added |
| 19 | WWW WOLVERINE WORLD WIDE, INC. WWW | Consumer Cyclical | 2.2% | $189.4m | 3,252,025 | -23% | reduced |
| 20 | CBRE CBRE GROUP INC CBG | Real Estate | 2.1% | $180.1m | 5,183,062 | -19% | reduced |
| 21 | PAYX PAYCHEX PAYX | Technology | 2.1% | $178.3m | 2,748,784 | -1% | reduced |
| 22 | GRMN GARMIN LTD GRMN | Technology | 1.9% | $166.0m | 3,674,463 | 3% | added |
| 23 | MSM MSC INDUSTRIAL DIRECT CO-A M | Industrials | 1.9% | $164.9m | 2,027,398 | 0% | held |
| 24 | AXIALL CORP AXLL | 1.7% | $150.4m | 3,382,983 | 529% | added | |
| 25 | PBF PBF ENERGY INC. PBF | Energy | 1.7% | $145.0m | 5,448,974 | 73% | added |
| 26 | FRCB FIRST REPUBLIC BANK FRC | Financial Services | 1.6% | $135.4m | 2,903,344 | -1% | reduced |
| 27 | AME AMETEK INC. AME | Industrials | 1.5% | $131.2m | 1,863,402 | -16% | reduced |
| 28 | ETRA ETRADE FINANCIAL CORP ETFC | 1.5% | $128.4m | 6,566,704 | -14% | reduced | |
| 29 | NATIONSTAR MORTGAGE HOLDINGS | 1.4% | $124.6m | 2,216,637 | -8% | reduced | |
| 30 | ITT EDUCATIONAL SERVICES ESI | 1.2% | $106.0m | 3,259,418 | -2% | reduced | |
| 31 | SNI SCRIPPS NETWORKS INTERACTIVE I | 1.2% | $104.8m | 1,342,304 | -18% | reduced | |
| 32 | TAMINCO ACQUISITION CORP TAM | 1.1% | $94.8m | 4,669,795 | 1% | added | |
| 33 | AMT TD AMERITRADE HOLDING CORP A | Real Estate | 1.0% | $87.3m | 2,729,860 | -26% | reduced |
| 34 | BLACKSTONE GROUP THE | 1.0% | $83.1m | 3,337,729 | 23% | added | |
| 35 | INTU INTUIT INC INTU | Technology | 0.9% | $79.4m | 1,197,662 | -28% | reduced |
| 36 | HEI HEICO CORP HEI | Industrials | 0.9% | $76.9m | 738,657 | -52% | reduced |
| 37 | MEAD JOHNSON NUTRITION CO-A | 0.8% | $71.7m | 965,734 | – | new | |
| 38 | SIRONA DENTAL SYSTEMS INC. S | 0.8% | $67.9m | 753,019 | 411% | added | |
| 39 | VITAMIN SHOPPE INC VSI | 0.8% | $67.7m | 1,547,827 | -33% | reduced | |
| 40 | BERRY PLASTICS GROUP INC BER | 0.7% | $60.9m | 2,597,089 | -47% | reduced | |
| 41 | FRANK'S INTERNATIONAL N.V. FI | 0.7% | $59.2m | 1,979,101 | – | new | |
| 42 | RVTY PERKINELMER INC PKI | Healthcare | 0.7% | $56.5m | 1,495,506 | 5% | added |
| 43 | BRKR BRUKER CORPORATION BRKR | Healthcare | 0.6% | $49.7m | 2,653,114 | -15% | reduced |
| 44 | 37M MRC GLOBAL INC MRC | 0.5% | $44.8m | 1,670,982 | -59% | reduced | |
| 45 | KKR & CO LP KKR | 0.5% | $43.8m | 2,130,050 | 30% | added | |
| 46 | DHR DANAHER CORPORATION DHR | Healthcare | 0.5% | $41.2m | 595,056 | -22% | reduced |
| 47 | LII LENNOX INTERNATIONAL INC LII | Industrials | 0.5% | $41.1m | 457,640 | -60% | reduced |
| 48 | TMO THERMO FISHER SCIENTIC INC. | Healthcare | 0.5% | $41.1m | 287,289 | -12% | reduced |
| 49 | TEXAS PACIFIC LAND TRUST TPL | 0.4% | $36.9m | 451,402 | -19% | reduced | |
| 50 | CHRW C.H. ROBINSON WORLDWIDE INC | Industrials | 0.4% | $34.5m | 579,710 | 102% | added |
What did Select Equity Group sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| SIGMA-ALDRICH CORPORATION SI | 39.4% | $42.0m |
| PRGO PERRIGO CO. PRGO | 33.6% | $35.8m |
| INTL SPEEDWAY CORP CL A ISCA | 15.9% | $16.9m |
| NEWCASTLE INVESTMENT CORPORATI | 5.5% | $5.9m |
| BLACKHAWK NETWORK HOLDINGS I | 5.0% | $5.4m |
| MDY MIDCAP SPDR TRUST SERIES 1 M | 0.5% | $553.6k |
Sector mix
| Sector | Weight |
|---|---|
| Consumer Cyclical | 25.6% |
| Industrials | 11.1% |
| Technology | 7.7% |
| Financial Services | 5.6% |
| Basic Materials | 5.4% |
| Real Estate | 3.1% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q3 2013 | 154 | $8.6bn |
| Q2 2013 | 142 | $7.9bn |
| Q1 2013 | 78 | $7.4bn |
| Q4 2012 | 81 | $6.1bn |
| Q3 2012 | 85 | $6.3bn |
| Q2 2012 | 75 | $6.5bn |
| Q1 2012 | 76 | $6.1bn |
| Q4 2011 | 74 | $5.3bn |
| Q3 2011 | 74 | $4.6bn |
| Q2 2011 | 70 | $4.9bn |
| Q1 2011 | 96 | $5.6bn |
| Q4 2010 | 87 | $5.5bn |
| Q3 2010 | 71 | $5.1bn |
| Q2 2010 | 69 | $4.4bn |
| Q1 2010 | 68 | $4.6bn |
| Q4 2009 | 77 | $4.4bn |
Earliest filing: Q1 2000 · 52 quarters on file
How concentrated is Select Equity Group's portfolio?
Across every quarter Select Equity Group has filed, its median largest position is 6.7% of the book and its median top-ten weight is 44.7%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 707 completed holding spells, the median lasted 2.0 quarters; 80 positions are still open and their final length is unknown.