Classic value
Torray
Q2 2015 13F: 65 holdings worth about $1.5B; that quarter 5 new, 56 added, 3 trimmed, 6 sold out.
13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.
Why This Giant Is Included
- Rule numbers (Q2 2026): 91 holdings, top 10 = 35%, stocks $0.7B, options 0%; not met: A4 top 10 = 35%
13F value
$1.5B
previous $854.8M (+80.1%)
Holdings
65
5 new / 6 sold out
Net deploymentest.
+79.3%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
32%
overlap with the composite 17%
Turnoverest.
4.0%
held 17 quarters on average
I
Trades in Q2 2015
Sorted by position shift: how many percentage points of the portfolio the trade moved.
How to Read This
Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.
| Move | Company | Change in shares | Position shift (pts) |
|---|---|---|---|
| New | MDVNMedivation Inc | +277.1K | +2.06 |
| Sold out | PCPPrecision Castparts Corp | −124.1K | −1.61 |
| Added | AAPLApple Inc | +175.4K | +1.43 |
| Added | BLKBlackRock, Inc | +62.4K | +1.40 |
| Trimmed | BAXBaxter International Inc | −249.2K | −1.13 |
| Added | —RTX Corp | +153.4K | +1.11 |
| Added | DHRDanaher Corp | +188.2K | +1.05 |
| Added | VVisa Inc | +225.3K | +0.98 |
| Added | —Google LLC | +27.9K | +0.98 |
| Added | CLColgate-Palmolive Co | +219.3K | +0.93 |
| Added | FISVFiserv Inc | +173.0K | +0.93 |
| Added | VFCVF Corp | +205.0K | +0.93 |
| Added | IBMInternational Business Machines Corp | +87.7K | +0.93 |
| Added | WFCWells Fargo & Co | +253.6K | +0.93 |
| Added | ESRXEvernorth Health Inc | +157.9K | +0.91 |
| Added | —General Electric Co | +525.4K | +0.91 |
| Added | ENBEnbridge Inc | +293.3K | +0.89 |
| Added | LKQLKQ Corp | +446.3K | +0.88 |
| Added | —Emc Corp/ma | +508.2K | +0.87 |
| Added | GILDGilead Sciences Inc | +112.2K | +0.85 |
| Added | CMICummins Inc | +100.1K | +0.85 |
| Added | SWKStanley Black & Decker Inc | +123.5K | +0.84 |
| Added | CSCOCisco Systems Inc | +465.6K | +0.83 |
| Added | ACNAccenture plc | +130.1K | +0.82 |
| Added | LLoews Corp | +314.4K | +0.79 |
| Added | FMCFMC Corp | +230.4K | +0.79 |
| Added | —Dow Chemical Co | +234.8K | +0.78 |
| Added | NKENike Inc | +111.2K | +0.78 |
| Added | VRSKVerisk Analytics, Inc | +164.7K | +0.78 |
| Added | —HP Inc | +393.6K | +0.77 |
| Added | TAT&T Inc | +331.7K | +0.77 |
| Added | GDGeneral Dynamics Corp | +81.9K | +0.75 |
| Added | AMTAmerican Tower Corp | +124.1K | +0.75 |
| Added | BACBank of America Corp | +679.5K | +0.75 |
| Added | —Chubb Corp | +121.3K | +0.75 |
| New | TGNATegna Inc | +354.3K | +0.74 |
| Added | BWPBoardwalk Pipeline Partners | +777.0K | +0.73 |
| Added | ETNEaton Corp plc | +166.4K | +0.73 |
| Added | INTCIntel Corp | +366.7K | +0.72 |
| Added | —Directv | +119.7K | +0.72 |
| Added | SYYSysco Corp | +300.3K | +0.70 |
| Added | —Cooper Cos Inc Com New | +60.4K | +0.70 |
| Added | APHAmphenol Corp | +184.4K | +0.69 |
| Added | RSGRepublic Services Inc | +269.1K | +0.68 |
| Added | JNJJohnson & Johnson | +108.1K | +0.68 |
| Added | TUPBQTupperware Brands Corp | +162.6K | +0.68 |
| Added | MRSHMarsh & McLennan Cos | +183.8K | +0.68 |
| Added | —Linde Plc/old | +86.3K | +0.67 |
| Added | BDXBecton Dickinson and Co | +71.8K | +0.66 |
| Added | WUWestern Union CO | +473.2K | +0.62 |
| Added | EOGEOG Resources Inc | +106.2K | +0.60 |
| Added | —Eidp Inc | +144.2K | +0.60 |
| Added | AXPAmerican Express Co | +118.4K | +0.60 |
| Added | CBIChicago Bridge & Iron Co NV | +177.1K | +0.58 |
| Added | ADBEAdobe Inc | +105.7K | +0.56 |
| Added | CTRACoterra Energy Inc | +265.6K | +0.54 |
| Added | AKAMAkamai Technologies Inc | +119.6K | +0.54 |
| Added | —Expand Energy Corp | +617.1K | +0.45 |
| New | BPBP PLC | +168.8K | +0.44 |
| Added | ELVElevance Health, Inc | +40.9K | +0.44 |
| Added | UNHUnitedHealth Group Inc | +53.1K | +0.42 |
| Trimmed | BMRNBiomarin Pharmaceutical Inc | −26.3K | −0.23 |
| New | —Gannett Co Inc | +177.1K | +0.16 |
| Sold out | SLBSLB Ltd | −6.3K | −0.04 |
| Sold out | —XL Group Ltd | −11.8K | −0.03 |
| Sold out | —Tegna Inc | −9.9K | −0.02 |
| Sold out | TRGPTarga Resources Corp | −2.5K | −0.01 |
| New | JPMJPMorgan Chase & Co | +3.0K | +0.01 |
| Sold out | CHDChurch & Dwight Co Inc | −2.4K | −0.01 |
| Trimmed | DISWalt Disney Co | −345 | −0.00 |
II
All Holdings (65 Companies)
Share classes of one company are combined; click a heading to re-sort.
How to Read This
Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.
| Company | Weight (prev.) | Value | This quarter | Quarter-end price | vs cost |
|---|---|---|---|---|---|
| AAPLApple Inc | 4.1%4.8% | $63.2M | Added +53% | $125.43 | +33% |
| FISVFiserv Inc | 3.6%4.6% | $54.9M | Added +35% | $82.83 | +28% |
| DHRDanaher Corp | 3.4%4.2% | $52.1M | Added +45% | $85.59 | +14% |
| VVisa Inc | 3.4%4.2% | $51.6M | Added +41% | $67.15 | +26% |
| —RTX Corp | 3.2%4.0% | $49.1M | Added +53% | $110.93 | +1% |
| ESRXEvernorth Health Inc | 3.0%3.8% | $46.9M | Added +43% | $88.94 | +17% |
| ACNAccenture plc | 3.0%3.8% | $46.2M | Added +38% | $96.78 | +18% |
| VFCVF Corp | 2.9%3.8% | $44.4M | Added +47% | $69.72 | +6% |
| BLKBlackRock, Inc | 2.8%2.7% | $43.5M | Added +99% | $345.98 | +2% |
| CLColgate-Palmolive Co | 2.8%3.6% | $43.4M | Added +49% | $65.41 | +2% |
| CTRACoterra Energy Inc | 2.8%3.8% | $43.4M | Added +24% | $31.54 | +3% |
| —Google LLC | 2.8%3.4% | $43.3M | Added +53% | $540.04 | −3% |
| GILDGilead Sciences Inc | 2.8%2.9% | $42.5M | Added +45% | $117.08 | +44% |
| NKENike Inc | 2.7%3.3% | $42.2M | Added +40% | $108.02 | +35% |
| LKQLKQ Corp | 2.6%2.7% | $40.6M | Added +50% | $30.24 | +11% |
| APHAmphenol Corp | 2.5%3.3% | $38.6M | Added +38% | $57.97 | +23% |
| —Cooper Cos Inc Com New | 2.5%3.4% | $38.4M | Added +39% | $177.97 | +12% |
| ENBEnbridge Inc | 2.5%3.0% | $38.3M | Added +56% | $46.79 | −0% |
| —Linde Plc/old | 2.5%3.3% | $38.3M | Added +37% | $119.55 | −4% |
| AMTAmerican Tower Corp | 2.4%3.1% | $37.6M | Added +44% | $93.29 | +9% |
| VRSKVerisk Analytics, Inc | 2.4%2.9% | $37.5M | Added +47% | $72.76 | +13% |
| AKAMAkamai Technologies Inc | 2.4%3.5% | $37.4M | Added +29% | $69.80 | +15% |
| CMICummins Inc | 2.4%2.9% | $36.3M | Added +57% | $131.19 | −5% |
| FMCFMC Corp | 2.3%3.0% | $35.4M | Added +52% | $52.55 | −17% |
| MDVNMedivation Inc | 2.1%— | $31.6M | New | $114.20 | 0% |
| EOGEOG Resources Inc | 2.0%2.7% | $31.5M | Added +42% | $87.55 | −29% |
| BMRNBiomarin Pharmaceutical Inc | 2.0%3.7% | $31.5M | Trimmed −10% | $136.78 | +107% |
| ADBEAdobe Inc | 1.9%2.1% | $28.7M | Added +43% | $81.01 | +22% |
| WFCWells Fargo & Co | 1.0%0.0% | $14.7M | Added +3493% | $56.24 | +3% |
| IBMInternational Business Machines Corp | 1.0%0.0% | $14.7M | Added +3614% | $162.66 | +1% |
| —General Electric Co | 0.9%0.1% | $14.4M | Added +3007% | $26.57 | +3% |
| —Emc Corp/ma | 0.9%0.0% | $13.8M | Added +3738% | $26.39 | +3% |
| SWKStanley Black & Decker Inc | 0.9%0.0% | $13.3M | Added +3708% | $105.24 | +5% |
| CSCOCisco Systems Inc | 0.9%0.0% | $13.1M | Added +3534% | $27.46 | −0% |
| LLoews Corp | 0.8%0.0% | $12.5M | Added +3345% | $38.51 | −3% |
| —Dow Chemical Co | 0.8%0.0% | $12.4M | Added +3527% | $51.17 | +4% |
| TAT&T Inc | 0.8%0.1% | $12.3M | Added +2377% | $35.52 | +5% |
| —HP Inc | 0.8%0.0% | $12.1M | Added +3629% | $30.01 | −2% |
| GDGeneral Dynamics Corp | 0.8%0.0% | $12.0M | Added +2967% | $141.69 | +4% |
| —Chubb Corp | 0.8%0.0% | $11.9M | Added +3248% | $95.14 | −2% |
| BACBank of America Corp | 0.8%0.0% | $11.9M | Added +3662% | $17.02 | +5% |
| BWPBoardwalk Pipeline Partners | 0.8%0.0% | $11.6M | Added +3387% | $14.52 | −6% |
| ETNEaton Corp plc | 0.8%0.0% | $11.5M | Added +3558% | $67.49 | +0% |
| INTCIntel Corp | 0.7%0.0% | $11.5M | Added +3462% | $30.41 | −1% |
| —Directv | 0.7%0.0% | $11.4M | Added +3911% | $92.79 | +5% |
| TGNATegna Inc | 0.7%— | $11.4M | New | $32.07 | 0% |
| JNJJohnson & Johnson | 0.7%0.1% | $11.2M | Added +1683% | $97.46 | +1% |
| SYYSysco Corp | 0.7%0.0% | $11.1M | Added +3929% | $36.10 | −2% |
| RSGRepublic Services Inc | 0.7%0.0% | $10.8M | Added +3882% | $39.17 | −1% |
| TUPBQTupperware Brands Corp | 0.7%0.0% | $10.7M | Added +5234% | $64.54 | −3% |
| MRSHMarsh & McLennan Cos | 0.7%0.0% | $10.7M | Added +4267% | $56.70 | +2% |
| BAXBaxter International Inc | 0.7%3.2% | $10.5M | Trimmed −62% | $69.93 | +11% |
| BDXBecton Dickinson and Co | 0.7%0.0% | $10.4M | Added +3823% | $141.65 | +1% |
| WUWestern Union CO | 0.6%0.0% | $10.0M | Added +2668% | $20.33 | −0% |
| AXPAmerican Express Co | 0.6%0.0% | $9.6M | Added +2439% | $77.72 | +2% |
| —Eidp Inc | 0.6%0.0% | $9.5M | Added +3572% | $63.95 | −4% |
| CBIChicago Bridge & Iron Co NV | 0.6%0.0% | $9.1M | Added +4237% | $50.04 | +1% |
| —Expand Energy Corp | 0.5%0.0% | $7.1M | Added +3759% | $11.17 | −13% |
| ELVElevance Health, Inc | 0.5%0.0% | $6.9M | Added +3073% | $164.14 | +4% |
| BPBP PLC | 0.4%— | $6.7M | New | $39.96 | +1% |
| UNHUnitedHealth Group Inc | 0.4%0.0% | $6.7M | Added +2830% | $122.00 | +4% |
| —Gannett Co Inc | 0.2%— | $2.5M | New | $13.99 | 0% |
| DISWalt Disney Co | 0.0%0.0% | $422K | Trimmed −9% | $114.14 | +15% |
| BMYBristol-Myers Squibb Co | 0.0%0.0% | $214K | Held | $66.54 | +8% |
| JPMJPMorgan Chase & Co | 0.0%— | $206K | New | $67.76 | +6% |
III
Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost
How to Read This
Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.
above costbelow costwithin 5%
IV
Over Time
From Q3 1999, 64 quarters (this giant’s electronic 13F filings).
13F Value
Holdings
Top-10 Concentration
Turnover (Est.)
Sector Mix
Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
V
Quarter by Quarter, with the Original Filings
* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.
Show 64 Quarters
| Quarter | Holdings | 13F value | SEC |
|---|---|---|---|
| Q2 2015 | 65 | $1.5B | 13F-HR |
| Q1 2015 | 66 | $854.8M | 13F-HR |
| Q4 2014 * | 62 | $1.2B | 13F-HR |
| Q3 2014 * | 88 | $1.1B | 13F-HR |
| Q2 2014 * | 91 | $987.5M | 13F-HR |
| Q1 2014 * | 87 | $589.9M | 13F-HR |
| Q4 2013 * | 72 | $481.7M | 13F-HR |
| Q3 2013 * | 73 | $463.8M | 13F-HR |
| Q2 2013 * | 73 | $459.2M | 13F-HR |
| Q1 2013 * | 74 | $455.9M | 13F-HR |
| Q4 2012 * | 72 | $424.4M | 13F-HR |
| Q3 2012 * | 74 | $450.1M | 13F-HR |
| Q2 2012 * | 74 | $441.0M | 13F-HR |
| Q1 2012 * | 72 | $451.4M | 13F-HR |
| Q4 2011 * | 70 | $416.0M | 13F-HR |
| Q3 2011 * | 72 | $380.7M | 13F-HR |
| Q2 2011 * | 74 | $460.4M | 13F-HR |
| Q1 2011 * | 74 | $500.4M | 13F-HR |
| Q4 2010 * | 75 | $476.2M | 13F-HR |
| Q3 2010 * | 76 | $464.7M | 13F-HR |
| Q2 2010 * | 32 | $350.3M | 13F-HR |
| Q1 2010 | 32 | $394.9M | 13F-HR |
| Q4 2009 | 30 | $368.7M | 13F-HR |
| Q3 2009 * | 32 | $387.6M | 13F-HR |
| Q2 2009 | 32 | $414.3M | 13F-HR |
| Q1 2009 | 31 | $365.3M | 13F-HR |
| Q4 2008 | 33 | $429.8M | 13F-HR |
| Q3 2008 * | 37 | $608.2M | 13F-HR |
| Q2 2008 * | 41 | $983.8M | 13F-HR |
| Q1 2008 * | 37 | $962.3M | 13F-HR |
| Q4 2007 * | 39 | $1.4B | 13F-HR |
| Q3 2007 * | 42 | $2.1B | 13F-HR |
| Q2 2007 * | 57 | $2.4B | 13F-HR |
| Q1 2007 * | 52 | $2.5B | 13F-HR |
| Q4 2006 * | 49 | $2.6B | 13F-HR |
| Q3 2006 | 45 | $2.7B | 13F-HR |
| Q2 2006 | 45 | $2.9B | 13F-HR |
| Q1 2006 | 44 | $3.4B | 13F-HR |
| Q4 2005 | 43 | $5.1B | 13F-HR |
| Q3 2005 | 43 | $6.2B | 13F-HR |
| Q2 2005 * | 37 | $3.5B | 13F-HR |
| Q1 2005 | 37 | $3.6B | 13F-HR |
| Q4 2004 | 34 | $3.9B | 13F-HR |
| Q3 2004 | 32 | $3.6B | 13F-HR |
| Q2 2004 | 35 | $3.8B | 13F-HR |
| Q1 2004 * | 36 | $3.7B | 13F-HR |
| Q4 2003 * | 38 | $3.7B | 13F-HR |
| Q3 2003 | 38 | $3.3B | 13F-HR |
| Q2 2003 | 38 | $3.3B | 13F-HR |
| Q1 2003 * | 37 | $2.8B | 13F-HR |
| Q4 2002 | 38 | $2.9B | 13F-HR |
| Q3 2002 | 37 | $2.6B | 13F-HR |
| Q2 2002 | 38 | $3.0B | 13F-HR |
| Q1 2002 | 33 | $3.6B | 13F-HR |
| Q4 2001 | 34 | $3.5B | 13F-HR |
| Q3 2001 | 35 | $3.3B | 13F-HR |
| Q2 2001 | 35 | $3.6B | 13F-HR |
| Q1 2001 * | 38 | $3.7B | 13F-HR |
| Q4 2000 * | 37 | $3.8B | 13F-HR |
| Q3 2000 * | 36 | $3.9B | 13F-HR 13F-HR/A |
| Q2 2000 * | 38 | $5.7B | 13F-HR |
| Q1 2000 * | 41 | $3.9B | 13F-HR |
| Q4 1999 * | 40 | $3.8B | 13F-HR |
| Q3 1999 * | 38 | $3.1B | 13F-HR |
VI
Large Positions Sold Out
Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.
How to Read This
Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.
| Company | Held | Peak weight | Company since |
|---|---|---|---|
| UNHUnitedHealth Group Inc | Q2 2009 – Q1 2026 | 4% | — |
| ADBEAdobe Inc | Q3 2010 – Q1 2026 | 3% | — |
| FISVFiserv Inc | Q3 2010 – Q4 2025 | 5% | — |
| AMTAmerican Tower Corp | Q4 2011 – Q4 2025 | 3% | — |
| ETNEaton Corp plc | Q4 2012 – Q4 2025 | 3% | — |
| GDGeneral Dynamics Corp | Q4 2009 – Q3 2025 | 3% | — |
| CSCOCisco Systems Inc | Q4 2007 – Q3 2024 | 5% | — |
| BMRNBiomarin Pharmaceutical Inc | Q1 2014 – Q3 2024 | 4% | — |
| ACNAccenture plc | Q1 2011 – Q1 2024 | 4% | — |
| —Cooper Cos Inc Com New | Q3 2014 – Q1 2024 | 3% | — |
| BACBank of America Corp | Q4 2014 – Q2 2023 | 4% | — |
| NKENike Inc | Q3 2010 – Q1 2023 | 3% | — |
| LLoews Corp | Q2 2008 – Q4 2021 | 5% | — |
| INTCIntel Corp | Q1 2005 – Q4 2021 | 4% | — |
| IBMInternational Business Machines Corp | Q4 2007 – Q1 2021 | 4% | — |
| BDXBecton Dickinson and Co | Q2 2009 – Q1 2021 | 3% | — |
| BPBP PLC | Q2 2015 – Q3 2020 | 3% | — |
| —General Electric Co | Q1 2004 – Q2 2020 | 5% | Still filing with the SEC |
| WFCWells Fargo & Co | Q1 2010 – Q2 2020 | 4% | — |
| TGNATegna Inc | Q2 2015 – Q1 2020 | 2% | Still filing with the SEC |
| WUWestern Union CO | Q2 2009 – Q4 2019 | 4% | — |
| EOGEOG Resources Inc | Q3 2010 – Q4 2019 | 3% | — |
| LKQLKQ Corp | Q1 2015 – Q1 2019 | 3% | — |
| —RTX Corp | Q3 2010 – Q4 2018 | 4% | Still filing with the SEC |
| BLKBlackRock, Inc | Q3 2014 – Q4 2018 | 3% | — |
| TUPBQTupperware Brands Corp | Q3 2011 – Q2 2018 | 4% | Bankruptcy filing while held or within 2 years of the sale Sep 18, 2024 |
| CLColgate-Palmolive Co | Q3 2010 – Q1 2018 | 4% | — |
| TAT&T Inc | Q3 2008 – Q4 2017 | 4% | Still filing with the SEC |
| GILDGilead Sciences Inc | Q3 2010 – Q3 2017 | 3% | Still filing with the SEC |
| —Dow Chemical Co | Q1 2013 – Q3 2017 | 2% | Still filing with the SEC |
| AKAMAkamai Technologies Inc | Q4 2013 – Q2 2017 | 3% | — |
| —Linde Plc/old | Q3 2010 – Q1 2017 | 3% | Still filing with the SEC |
| RSGRepublic Services Inc | Q4 2012 – Q1 2017 | 3% | Still filing with the SEC |
| MDVNMedivation Inc | Q2 2015 – Q4 2016 | 3% | — |
| —Emc Corp/ma | Q1 2006 – Q3 2016 | 5% | Acquired or delisted Sep 20, 2016 |
| VFCVF Corp | Q1 2014 – Q3 2016 | 4% | — |
| SYYSysco Corp | Q4 2010 – Q3 2016 | 3% | — |
| ESRXEvernorth Health Inc | Q3 2013 – Q2 2016 | 4% | Acquired or delisted Dec 31, 2018 |
| —Chubb Corp | Q1 2010 – Q1 2016 | 3% | Acquired or delisted Jan 25, 2016 |
| CTRACoterra Energy Inc | Q4 2014 – Q4 2015 | 4% | — |