WhaleCreep

WCM Investment Management 13F holdings, Q4 2019

Long-only investorSEC filingsCompare with another fundHoldings as of 2019-12-31, filed 2020-02-13

WCM Investment Management disclosed 157 US equity positions worth $18.6bn in its Q4 2019 13F filing. Its largest position is SHOP at 10.2% of the reported book, followed by TSM and ACCENTURE PLC IRELAND. Versus Q3 2019 it opened 14 new positions, added to 113, reduced 25 and exited 9.

$18.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
157
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.2%
Largest position
The largest single position as a share of the reported equity book.
70.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
18
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
110
Quarters on file since Q2 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2019: 14 new, 113 added, 25 reduced, 9 exited

50 of 157
SHOP SHOPIFY INCTechnology10.2%$1.9bn4.76m+1.2%added
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology8.6%$1.6bn27.68m+1.4%added
ACCENTURE PLC IRELAND no ticker–7.7%$1.4bn6.82m+1.8%added
CANADIAN PAC RY LTD no ticker–7.5%$1.4bn5.48m+1.8%added
HDB HDFC BANK LTDFinancial Services7.4%$1.4bn21.70m+1.3%added
CB CHUBB LIMITEDFinancial Services6.8%$1.3bn8.15m−49%reduced
RMD RESMED INCHealthcare6.5%$1.2bn7.80m+1.7%added
ASML ASML HLDG NVTechnology6.2%$1.1bn3.87m+15%added
MTD METTLER TOLEDO INTERNATIONALHealthcare5.1%$944m1.19m+1.4%added
LULU LULULEMON ATHLETICA INCConsumer Cyclical4.1%$763m3.30m–new
ICLR ICON PLCHealthcare3.4%$627m3.64m+1.3%added
STE STERIS PLCHealthcare1.9%$357m2.34m−13%reduced
V VISA INCFinancial Services1.3%$245m1.30m−1.9%reduced
ALC ALCON INCHealthcare1.2%$226m4.00m−9.2%reduced
SNN SMITH & NEPHEW PLCHealthcare1.1%$202m4.20m+64%added
WST WEST PHARMACEUTICAL SVSC INCHealthcare1.1%$201m1.34m−1.1%reduced
FRCB FIRST REP BK SAN FRANCISCO CFinancial Services1.0%$195m1.66m−2.0%reduced
MELI MERCADOLIBREConsumer Cyclical1.0%$191m334,783−1.0%reduced
COST COSTCO WHOLESALE CORPORATIONConsumer Defensive1.0%$180m613,836−1.4%reduced
ECL ECOLAB INCBasic Materials0.9%$174m903,807−1.9%reduced
CCI CROWN CASTLE INCReal Estate0.9%$162m1.14m−1.9%reduced
GGG GRACO INCIndustrials0.9%$161m3.09m+52%added
AKX ANSYS INC–0.8%$152m588,905−1.9%reduced
SYK STRYKER CORPORATIONHealthcare0.8%$151m721,251−1.1%reduced
MCD MCDONALDS CORPConsumer Cyclical0.8%$149m754,529−1.6%reduced
APH AMPHENOL CORPTechnology0.8%$148m1.37m−1.3%reduced
BSX BOSTON SCIENTIFIC CORPHealthcare0.8%$148m3.27m−30%reduced
ILMN ILLUMINA INCHealthcare0.8%$141m424,165−1.2%reduced
CNI CANADIAN NATL RY COIndustrials0.7%$139m1.54m−2.1%reduced
SHW SHERWIN WILLIAMS COBasic Materials0.7%$129m220,837−1.9%reduced
VRSK VERISK ANALYTICS INCIndustrials0.7%$128m854,256−1.3%reduced
NFLX NETFLIX INC.Communication Services0.6%$121m372,931−2.1%reduced
COOPER COS INC no ticker–0.6%$118m365,938−1.2%reduced
ICE INTERCONTINENTAL EXCHANGE INFinancial Services0.6%$109m1.18m–new
CHD CHURCH & DWIGHT CO INCConsumer Defensive0.6%$105m1.49m–new
EFA ISHARES TR–0.2%$31.5m454,266+2477%added
JLL JONES LANG LASALLE INCReal Estate0.1%$27.9m160,203+20%added
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.1%$25.6m120,660+15%added
CRMT AMERICAS CAR-MART INCConsumer Cyclical0.1%$23.5m214,137+21%added
ENS ENERSYSIndustrials0.1%$23.4m312,915+64%added
WNSN WNS HLDGS LTD–0.1%$22.9m346,229+267%added
UNF UNIFIRST CORP MASSIndustrials0.1%$21.5m106,238+22%added
PLUS EPLUS INCTechnology0.1%$20.3m240,672+21%added
CR CRANE COIndustrials0.10%$17.9m207,318+21%added
ENSTAR GROUP LIMITED no ticker–0.10%$17.7m85,576+21%added
HCSG HEALTHCARE SVCS GROUP INCHealthcare0.09%$17.5m718,598+92%added
VRRM VERRA MOBILITY CORPTechnology0.09%$17.3m1.23m+87%added
CCMPEUR CABOT MICROELECTRONICS CORP–0.09%$16.6m114,866−21%reduced
VRTS VIRTUS INVT PARTNERS INCFinancial Services0.09%$16.3m134,031+20%added
OPLN OPENLANE INCConsumer Cyclical0.08%$15.8m724,831+87%added

Exited since Q3 2019

9 rows
A AGILENT TECHNOLOGIES INC0.6%$104m
SCHW SCHWAB CHARLES CORP0.5%$78.4m
SLB SLB LIMITED0.3%$46.6m
8TG THERMON GROUP HLDGS INC0.04%$6.1m
BRKR BRUKER CORP0.01%$1.3m
IPHI INPHI CORP0.01%$1.3m
YELP YELP INC0.0%$769k
MMSI MERIT MED SYS INC0.0%$632k
NICE NICE LTD0.0%$240k

Sector mix

  • Technology26.4%
  • Healthcare23.2%
  • Unclassified18.2%
  • Financial Services17.4%
  • Consumer Cyclical6.6%
  • Industrials3.2%
  • Basic Materials1.7%
  • Consumer Defensive1.6%
  • Real Estate1.1%
  • Communication Services0.8%

Book over time

Every quarter on file (110)
QuarterPositionsEquity book
Q2 2026266$55.2bn
Q1 2026263$43.8bn
Q4 2025241$48.6bn
Q3 2025228$48.1bn
Q2 2025219$43.8bn
Q1 2025278$38.9bn
Q4 2024288$42.5bn
Q3 2024289$44.1bn
Q2 2024267$42.3bn
Q1 2024247$42.1bn
Q4 2023249$36.2bn
Q3 2023207$34.1bn
Q2 2023217$33.5bn
Q1 2023211$31.3bn
Q4 2022210$30.0bn
Q3 2022192$27.9bn
Q2 2022202$27.9bn
Q1 2022201$35.8bn
Q4 2021205$44.4bn
Q3 2021204$43.3bn
Q2 2021195$39.4bn
Q1 2021189$36.5bn
Q4 2020193$36.8bn
Q3 2020179$28.5bn
Q2 2020180$26.1bn
Q1 2020180$18.1bn
Q4 2019157$18.6bn
Q3 2019152$16.7bn
Q2 2019151$16.0bn
Q1 2019142$14.4bn
Q4 201879$11.2bn
Q3 201878$11.2bn
Q2 201882$9.7bn
Q1 201894$10.7bn
Q4 201796$8.8bn
Q3 201787$7.9bn
Q2 201784$6.5bn
Q1 2017114$9.2bn
Q4 2016168$8.3bn
Q3 2016162$8.8bn
Q2 2016114$6.3bn
Q1 2016115$6.4bn
Q4 201592$4.9bn
Q3 2015107$4.0bn
Q2 2015115$4.4bn
Q1 2015141$4.9bn
Q4 2014114$3.5bn
Q3 2014113$3.2bn
Q2 2014141$4.0bn
Q1 2014138$2.8bn
Q4 2013133$2.8bn
Q3 2013126$1.9bn
Q2 2013140$1.9bn
Q1 2013140$1.4bn
Q4 2012107$1.2bn
Q3 2012117$1.2bn
Q2 2012120$1.0bn
Q1 2012123$960m
Q4 2011118$803m
Q3 2011112$570m
Q2 2011120$731m
Q1 2011131$676m
Q4 2010118$617m
Q3 2010120$540m
Q2 2010100$458m
Q1 2010105$967m
Q4 2009103$932m
Q3 2009108$936m
Q2 2009102$887m
Q1 200975$710m
Q4 200876$786m
Q3 200875$1.1bn
Q2 200883$1.3bn
Q1 200879$1.5bn
Q4 200780$1.7bn
Q3 2007106$2.0bn
Q2 200781$2.0bn
Q4 200676$2.3bn
Q3 200686$2.6bn
Q2 200690$2.7bn
Q1 200684$2.8bn
Q4 200587$2.9bn
Q3 200580$2.7bn
Q2 200584$1.9bn
Q1 200586$1.7bn
Q4 2004101$1.4bn
Q3 200491$1.1bn
Q2 200489$852m
Q1 200490$796m
Q4 200361$558m
Q3 200338$237m
Q2 200336$173m
Q4 200237$103m
Q3 200244$91.4m
Q1 200248$121m
Q4 200156$131m
Q3 200159$117m
Q2 200158$136m
Q1 2001185$118m
Q4 200057$177m
Q3 200061$213m
Q1 200071$191m
Q1 200076$190m
Q4 199978$172m
Q4 199978$152m
Q3 199973$130m
Q3 199977$145m
Q3 199974$148m
Q2 199974$153m
Q2 199970$152m

Where WCM Investment Management was early

107 rows
ABT ABBOTT LABORATORIESQ4 19991 of 1813.0%3.0%12Exited by Q4 2012+102%
UTXZ UNITED TECHNOLOGIES CORPQ4 19991 of 1140.4%2.7%18Exited by Q1 2005−53%
QCOM QUALCOMM INCQ4 19992 of 2461.5%2.9%37Exited by Q3 2012−37%
VRSN VERISIGN INCQ4 19992 of 1420.8%2.3%5Exited by Q2 2001−81%
MCD MCDONALDS CORPQ1 20001 of 1921.2%1.8%23Exited by Q1 2020+429%
MS MORGAN ST DEAN WITTER & COQ1 20001 of 1783.9%4.6%8Exited by Q3 2002−31%
AVGO BROADCOM CORP-CL AQ1 20002 of 3230.4%1.2%5Exited by Q1 2005–
SYK STRYKER CORPORATIONQ3 20001 of 1502.2%4.6%47Exited by Q4 2023+1173%
SYY SYSCO CORPQ3 20001 of 1410.2%5.3%26Exited by Q3 2013+48%
MXIM MAXIM INTEGRATED PRODUCTSQ3 20003 of 1010.3%6.7%16Exited by Q2 2007+49%
SCHW THE CHARLES SCHWAB CORPORATIQ3 200021 of 2210.7%1.3%24Exited by Q4 2019+18%
GD GENERAL DYNAMICS CORPQ4 20002 of 1341.1%6.5%22Exited by Q2 2025+599%
HOG HARLEY-DAVIDSON INCQ1 20011 of 1200.06%7.3%19Exited by Q2 2006+37%
JPM JPMORGAN CHASE & CO.Q1 20011 of 2315.1%5.1%10Exited by Q2 2025+446%
PG PROCTER AND GAMBLE COQ1 20011 of 1640.01%8.0%56Exited by Q2 2025+444%
TEVA TEVA PHARMACEUTICAL INDS LTDQ1 20011 of 1820.01%7.5%42Held at last filing, Q2 2026+148%
UPS UNITED PARCEL SERVICE INCQ1 20012 of 1740.4%9.3%11Exited by Q2 2025+93%
ADBE ADOBE SYSTEMSQ1 20014 of 2750.03%5.1%17Exited by Q3 2010+51%
USB US BANCORPQ1 20014 of 1620.7%3.7%13Exited by Q3 2010−3.7%
EBAY EBAY INC.Q1 20015 of 1860.01%9.1%28Held at last filing, Q2 2026+2835%
BSX BOSTON SCIENTIFIC CORPQ1 200113 of 1930.05%1.2%21Exited by Q2 2021+283%
MTG MGIC INVESTMENT CORPQ2 20011 of 1290.6%3.0%4Exited by Q3 2002−5.8%
CVX CHEVRON CORP NEWQ4 20012 of 1971.4%2.7%64Exited by Q2 2025+273%
MMM 3M COQ3 20021 of 1652.7%2.7%27Exited by Q4 2015+158%
GS GOLDMAN SACHS GROUP INCQ3 20022 of 2293.6%6.3%9Exited by Q2 2005+67%
NTRS NORTHERN TRUST CORPORATIONQ4 20021 of 1172.0%2.0%9Exited by Q2 2005+24%
HRB H&R BLOCK INCQ4 20024 of 1237.0%7.3%8Exited by Q2 2005+26%
ZBH ZIMMER HOLDINGS INCQ3 20031 of 1446.5%7.8%11Exited by Q2 2006+23%
WST WEST PHARMACEUTICAL SVSC INCQ3 20034 of 1390.10%1.8%44Exited by Q4 2022+3044%
MOG/A MOOG INCQ4 20031 of 960.1%1.1%47Held at last filing, Q2 2026+1830%
CALM CAL MAINE FOODSQ4 20034 of 1030.07%1.3%14Exited by Q1 2015+325%
MCO MOODY'S CORPQ1 20047 of 1766.5%11.5%15Exited by Q1 2008+0.9%
ODFL OLD DOMINION FREIGHT LINE INQ1 20047 of 1260.05%1.6%28Exited by Q3 2024+7835%
ACH OWENS & MINOR INC NEWQ2 20041 of 910.08%1.2%30Exited by Q1 2021+57%
RES RPC INCQ2 20041 of 900.08%1.1%26Exited by Q2 2013+630%
MLI MUELLER INDUSTRIES INCQ3 20041 of 1030.04%1.4%21Exited by Q1 2010−42%
EXPD EXPEDITORS INTL OF WASH INCQ3 20042 of 1203.5%12.5%26Exited by Q2 2011+94%
EA ELECTRONIC ARTSQ1 20051 of 2344.4%8.4%14Exited by Q4 2008−29%
ATR APTARGROUP INCQ4 20051 of 1010.03%1.8%11Exited by Q1 2009+35%
SNA SNAP ON INCQ4 20052 of 1080.06%2.4%47Exited by Q2 2025+797%
OTTR OTTER TAIL CORPQ1 20061 of 690.06%1.3%15Exited by Q1 2010−13%
TNC TENNANT COQ1 20061 of 720.04%1.4%9Exited by Q3 2008+15%
KMT KENNAMETAL INCQ1 20062 of 1090.04%1.2%9Exited by Q3 2008+6.5%
AVA AVISTA CORPQ3 20061 of 990.09%2.2%41Exited by Q1 2017+69%
AMZN AMAZON COM INCQ3 20062 of 3780.04%5.2%78Held at last filing, Q2 2026+14741%
AEIS ADVANCED ENERGY INDSQ2 20071 of 1210.5%1.4%23Held at last filing, Q2 2026+1546%
FIX COMFORT SYS USA INCQ2 20071 of 1510.5%1.4%17Held at last filing, Q2 2026+13877%
GPI GROUP 1 AUTOMOTIVE INCQ2 20071 of 1190.5%1.0%22Held at last filing, Q2 2026+622%
MKSI MKS INC.Q2 20071 of 1830.5%2.1%37Held at last filing, Q2 2026+1506%
IWN ISHARES TRQ2 20072 of 640.07%3.7%7Exited by Q1 2024+89%

Concentration and tenure

7.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
52.8%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
4
Median completed holding, quarters