INSTITUTIONAL QUARTERLY OWNERSHIP REPORT evestment 1Q 2016
Most Widely Held Stocks in evestment s Holdings Database This table represents the top 20 stocks held by institutional funds in evestment s holdings database. The three most valuable technology companies lead the rankings for the eighth consecutive quarter as the most widely held companies in evestment s equity database. New to the list from last quarter are PepsiCo and Exxon Mobil in 18 th and 20 th, respectively. Royal Dutch Shell jumped from 9 th to 6 th, while Facebook continued its climb, moving from 16 th to 14 th. Novartis and Citigroup fell out of the top 20, compared to the previous quarter. Rank Stocks 1Q 2016 4Q 2015 1Q 2015 Institutional Fund Ownership Stocks Institutional Fund Ownership Stocks Institutional Fund Ownership 1 Alphabet* 31.34% Alphabet* 31.07% Google 29.03% 2 Microsoft 22.54% Apple 21.35% Apple 21.35% 3 Apple 21.32% Microsoft 21.12% Microsoft 19.36% 4 Johnson & Johnson 17.09% JPMorgan Chase 16.72% JPMorgan Chase 15.80% 5 JPMorgan Chase 16.59% Johnson & Johnson 16.35% Royal Dutch Shell 15.75% 6 Royal Dutch Shell 16.54% Wells Fargo 15.57% Johnson & Johnson 15.68% 7 Cisco Systems 15.81% Cisco Systems 15.54% Cisco Systems 14.64% 8 Wells Fargo 15.74% Gilead Sciences 15.17% Wells Fargo 14.62% 9 Gilead Sciences 15.05% Royal Dutch Shell 14.93% Pfizer 14.23% 10 Pfizer 14.75% Pfizer 14.52% Gilead Sciences 14.04% 11 Verizon 14.56% CVS Health 14.27% CVS Health 13.98% 12 CVS Health 14.14% Visa 13.63% Comcast 13.90% 13 Visa 13.60% Verizon 13.56% Novartis AG 13.53% 14 Facebook 13.51% Merck & Co. 13.36% Roche Holdings 13.35% 15 Roche Holdings 13.39% Roche Holdings 13.36% Oracle Corporation 12.98% 16 Comcast 13.24% Facebook 13.00% Verizon 12.90% 17 Home Depot 13.24% Comcast 12.83% Merck & Co. 12.78% 18 PepsiCo 13.16% Novartis AG 12.76% Exxon Mobil 12.13% 19 Merck & Co. 12.89% Home Depot 12.68% Chevron 12.09% 20 Exxon Mobil 12.81% Citigroup 12.66% PepsiCo 12.02% *Shares of Google were converted to shares of Alphabet, Google s new holding company, effective October 2, 2015.
US Large Cap Growth Equity Universe: Top 20 Most Popular Holdings evestment US Large Cap Growth Equity Universe: A collection of US equity funds that invest primarily in large capitalization stocks with fundamental characteristics showing high earnings growth expectations or in fastgrowing economic sectors. Peer weight is the weight of an individual stock in its universe. The sum of all peer weights total to 100%. Unique Stocks Held in US Large Cap Growth Equity Universe 1,534 Number Of Stocks in Average Portfolio 67 Median Returns - 1Q 2016-1.71% Rank Stocks Peer Weight - 1Q 2016 Change in Peer Weight - 1Q 2016 Institutional Fund Ownership 1 Alphabet 4.72% 0.22% 91.58% 2 Apple 3.64% 0.06% 81.40% 3 Facebook 3.11% 0.31% 78.95% 4 Amazon.com 2.45% -0.36% 69.47% 5 Visa 2.26% -0.03% 69.47% 6 Microsoft 1.95% 0.23% 63.51% 7 Home Depot 1.46% 0.13% 52.63% 8 Starbucks 1.40% -0.03% 61.40% 9 MasterCard 1.28% -0.08% 47.02% 10 Gilead Sciences 1.20% -0.25% 54.74% 11 Celgene 1.17% -0.30% 56.84% 12 Priceline Group 1.04% -0.13% 45.26% 13 CVS Health 1.02% 0.08% 44.91% 14 Nike 1.02% -0.02% 50.88% 15 Salesforce.com 0.92% 0.05% 44.91% 16 The Walt Disney Company 0.90% -0.06% 44.91% 17 Allergan 0.89% -0.16% 41.75% 18 UnitedHealth Group 0.79% 0.12% 35.79% 19 Adobe Systems 0.79% 0.06% 39.30% 20 Bristol-Myers Squibb 0.78% 0.07% 40.35%
US Large Cap Growth Equity Universe: Russell Sector Overview Utilities Energy Materials & Processing Sector Allocations The Technology sector was the largest sector in the US Large Cap Growth Equity Universe at 25.31%. Utilities had the lowest allocation at 1.05%. Energy has posted decreases in allocation each quarter since 3Q 2014. Health Care posted the largest decrease in allocations this quarter, and has seen decreases for 3 consecutive quarters. Consumer Staples Producer Durables Financial Services Health Care Consumer Discretionary Technology 5.00% 1 15.00% 2 25.00% 1.00% 0.50% -0.50% -1.00% -1.50% Change In Sector Allocations Consumer Staples Technology Producer Durables Consumer Materials & Discretionary Processing Utilities Energy Financial Services Health Care
Change in Ownership Change in Ownership US Large Cap Growth Equity Universe: Ownership Activity These graphs display the ownership activity of US Large Cap Growth managers. Top Five Companies Purchased 12.00% 1 8.00% 6.00% 4.00% 2.00% -4.00% 2Q 2015 3Q 2015 4Q 2015 1Q 2016 Microsoft Constellation Brands McDonald's Adobe Systems Johnson & Johnson The top graph represents the top five stocks that had the largest increase in ownership for managers in the US Large Cap Growth universe. Microsoft saw the largest increase in ownership during the first quarter within the US Large Cap Growth universe. Microsoft saw an increase of 9.22% for the quarter, increasing the total universe ownership to 63.51%. McKesson Corporation was the most sold company among the US large cap growth managers during 1Q 2016 posting a decrease of -7.05%, following decreases in the 3 rd and 4 th quarters of 2015. 4.00% Top Five Companies Sold Conversely, the bottom graph represents the top five stocks that had the largest decrease in ownership. 2.00% -4.00% -6.00% -8.00% 2Q 2015 3Q 2015 4Q 2015 1Q 2016 McKesson Regeneron Pharmaceuticals Tableau Software LinkedIn Gilead Sciences
US Large Cap Value Equity Universe: Top 20 Most Popular Holdings evestment US Large Cap Value Equity Universe: A collection of US equity funds that invest primarily in large capitalization stocks with fundamental characteristics showing them to be underpriced or in slower growing economic sectors. Peer weight is the weight of an individual stock in its universe. The sum of all peer weights equal 100%. Unique Stocks Held in US Large Cap Value Equity Universe 1,591 Number Of Stocks in Average Portfolio 73 Median Returns - 1Q 2016 0.70% Rank Stocks Peer Weight - 1Q 2016 Change in Peer Weight - 1Q 2016 Institutional Fund Ownership 1 JPMorgan Chase 2.08% -0.37% 69.03% 2 Microsoft 1.94% 0.02% 67.26% 3 Wells Fargo 1.61% -0.20% 59.29% 4 Johnson & Johnson 1.52% 0.04% 55.46% 5 Pfizer 1.41% -0.11% 56.34% 6 Cisco Systems 1.32% 0.04% 55.16% 7 Citigroup 1.18% -0.30% 47.79% 8 General Electric 1.18% -0.06% 43.36% 9 Exxon Mobil 1.12% 0.15% 47.79% 10 Bank of America 1.08% -0.08% 43.95% 11 Merck & Co. 1.06% 0.02% 51.33% 12 Verizon 1.05% 0.15% 49.26% 13 Apple 1.03% 0.10% 43.66% 14 Chevron 1.03% 0.06% 51.03% 15 Intel Corporation 0.89% 45.72% 16 AT&T 0.87% 0.13% 40.71% 17 Procter & Gamble 0.84% 37.46% 18 AIG 0.78% -0.18% 35.99% 19 Oracle Corporation 0.77% 0.01% 33.92% 20 MetLife 0.68% -0.10% 40.12%
US Large Cap Value Equity Universe: Russell Sector Overview Materials & Processing Utilities Consumer Staples Sector Allocations The Financial Services sector was the largest sector in the US Large Cap Value Equity Universe at 22.34%. Materials & Processing had the lowest allocation at 3.68%. 1.00% Technology and Utilities 0.50% posted the largest increases in allocation among all sectors within -0.50% the US Large Cap Value equity universe. -1.00% Financial Services -1.50% posted the largest decrease, followed by Health Care. -2.50% Energy Producer Durables Consumer Discretionary Health Care Technology Financial Services 5.00% 1 15.00% 2 25.00% Technology Utilities Consumer Staples Change In Sector Allocations Consumer Discretionary Energy Producer Durables Materials & Processing Health Care Financial Services
Change in Ownership Change in Ownership US Large Cap Value Equity Universe: Ownership Activity These graphs display the ownership activity of US Large Cap Value managers. 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% -1.00% -3.00% -4.00% Top Five Companies Purchased 2Q 2015 3Q 2015 4Q 2015 1Q 2016 Berkshire Hathaway Exxon Mobil Gilead Sciences Qualcomm Schlumberger Limited The top graph represents the top five stocks that had the largest increase in ownership for managers in the US Large Cap Value Universe. Berkshire Hathaway saw the largest increase in ownership among US large cap value managers during 1Q 2016, increasing 5.44%, bringing the total universe ownership to 24.19%. Exxon Mobil followed with an increase of 4.66% in ownership. Marathon Oil saw the largest decrease in ownership during the first quarter within the US Large Cap Value universe. Marathon saw a decrease of -6.15% for the quarter, decreasing the total universe ownership to 8.85%. 15.00% Top Five Companies Sold Conversely, the bottom graph represents the top five stocks that had the largest decrease in ownership. 1 5.00% -5.00% -1 2Q 2015 3Q 2015 4Q 2015 1Q 2016 Marathon Oil Baxalta Ingram Micro Goldman Sachs Anadarko Petroleum
US Large Cap Core Equity Universe: Top 20 Most Popular Holdings Unique Stocks Held in US Large Cap Core Equity Universe 1,706 Number Of Stocks in Average Portfolio 106 Median Returns - 1Q 2016 0.40% evestment US Large Cap Core Equity Universe: A collection of US Equity funds that invest primarily in large capitalization stocks with fundamental characteristics between growth and value or products that invest in a relatively even mix of growth and value stocks/sectors. Peer weight is the weight of an individual stock in its universe. The sum of all peer weights equal 100%. Rank Stocks Peer Weight - 1Q 2016 Change in Peer Weight - 1Q 2016 Institutional Fund Ownership 1 Apple 2.70% -0.02% 81.82% 2 Alphabet 2.26% 0.14% 72.33% 3 Microsoft 2.14% 0.18% 75.10% 4 Johnson & Johnson 1.28% 0.15% 57.71% 5 JPMorgan Chase 1.27% -0.16% 60.87% 6 Wells Fargo 1.12% -0.18% 59.68% 7 Home Depot 1.05% 0.07% 56.13% 8 Gilead Sciences 1.01% -0.03% 55.73% 9 Cisco Systems 1.01% 0.04% 55.34% 10 PepsiCo 0.97% 0.02% 54.94% 11 General Electric 0.93% 0.07% 47.83% 12 Pfizer 0.92% -0.16% 52.96% 13 CVS Health 0.90% -0.02% 49.41% 14 Verizon 0.90% 0.10% 49.80% 15 Visa 0.89% 0.06% 48.22% 16 Comcast 0.88% 0.08% 49.01% 17 Exxon Mobil 0.85% 0.02% 49.41% 18 Facebook 0.84% 0.10% 45.45% 19 Merck & Co. 0.70% -0.06% 48.22% 20 Procter & Gamble 0.69% 0.08% 44.27%
US Large Cap Core Equity Universe: Russell Sector Overview Materials & Processing Utilities Energy Sector Allocations Technology replaced Financial Services as the sector with the largest allocations from US large cap core managers. This followed three consecutive quarters where allocation to this sector was less than Financial Services. Consumer Staples Producer Durables Health Care Consumer Discretionary Financial Services Technology 2.00% 4.00% 6.00% 8.00% 1 12.00% 14.00% 16.00% 18.00% 2 0.80% 0.60% 0.40% Change In Sector Allocations Technology saw the largest increase in allocation during the first quarter. Health Care reported the largest decrease in allocation 0.20% -0.20% -0.40% -0.60% -0.80% among these managers. -1.00% Technology Utilities Consumer Staples Consumer Discretionary Producer Durables Materials & Processing Energy Financial Services Health Care
Change in Ownership Change in Ownership US Large Cap Core Equity Universe: Ownership Activity These graphs display the ownership activity of US Large Cap Core managers. The top graph represents the top five stocks that had the largest increase in ownership for managers in the US Large Cap Core universe. 1 8.00% 6.00% 4.00% 2.00% -4.00% -6.00% Top Five Companies Purchased 2Q 2015 3Q 2015 4Q 2015 1Q 2016 McDonald's Tyson Foods Sysco Michael Kors Holdings O'Reilly Automotive McDonald s saw the largest increase in ownership among US large cap core managers during 1Q 2016, increasing 6.59%. This followed a 8.40% increase in ownership in 4Q 2015. Boeing saw a drop in ownership during 1Q of -8.48%, reducing total ownership in this universe to 30.83%. Ownership in EMC Corporation declined -6.23%, following a decrease of -7.63% in Q4 2015. Top Five Companies Sold Conversely, the bottom graph represents the top five stocks that had the largest decrease in ownership. 8.00% 6.00% 4.00% 2.00% -4.00% -6.00% -8.00% -1 2Q 2015 3Q 2015 4Q 2015 1Q 2016 Boeing EMC Corporation Best Buy Citigroup Jones Lang Lasalle
All Emerging Markets Equity Universe: Top 20 Most Popular Holdings evestment All Emerging Markets Equity: Equity products that invest primarily in small, middle, and/or large capitalization stocks in emerging market countries. Peer weight is the weight of an individual stock in its universe. The sum of all peer weights total to 100%. Unique Stocks Held in All Emerging Markets Equity Universe 3,964 Number Of Stocks in Average Portfolio 207 Median Returns - 1Q 2016 4.97% Rank Stocks Peer Weight - 1Q 2016 Change in Peer Weight - 1Q 2016 Institutional Fund Ownership 1 Taiwan Semiconductor 2.51% 0.30% 64.10% 2 Samsung Electronics 2.17% -0.08% 58.97% 3 Tencent 1.50% 0.05% 47.44% 4 China Mobile 1.09% -0.04% 46.79% 5 Naspers 0.91% 0.02% 38.14% 6 Baidu 0.75% 0.12% 35.58% 7 Infosys 0.69% 0.07% 35.90% 8 Alibaba 0.67% 0.08% 35.58% 9 AmBev 0.65% 0.05% 35.90% 10 Credicorp 0.62% 0.10% 36.54% 11 China Construction Bank 0.61% -0.12% 31.41% 12 Itaú Unibanco 0.60% 0.02% 30.13% 13 AIA Group Limited 0.53% 0.05% 24.04% 14 Banorte 0.51% -0.04% 28.53% 15 Banco Bradesco 0.51% 0.11% 31.73% 16 HDFC Bank 0.50% 0.05% 22.44% 17 Hon Hai Precision Industry 0.50% -0.04% 30.45% 18 Ping An Insurance 0.48% -0.09% 26.60% 19 ICBC China 0.46% -0.15% 29.49% 20 KEPCO 0.46% 0.10% 30.77%
All Emerging Markets Equity Universe: Russell Sector Overview Health Care Energy Producer Durables Sector Allocations Financial Services continues to be the sector with the largest allocation within the emerging markets equity space, reporting an allocation of 23.81% in 1Q 2016. Consumer Staples and Energy showed the largest increases in allocation in 1Q 2016. Financial Services had the largest decrease in allocation and has seen decreases for 4 consecutive quarters. Materials & Processing 0.60% 0.40% 0.20% -0.20% -0.40% -0.60% -0.80% Utilities Consumer Staples Consumer Discretionary Technology Financial Services Consumer Staples 5.00% 1 15.00% 2 25.00% Change In Sector Allocations Energy Utilities Technology Materials & Processing Producer Durables Consumer Health Care Discretionary Financial Services
All Emerging Markets Equity Universe: Country Overview Allocation to China during the first quarter totaled 16.70% which was the country with the largest allocation from emerging markets equity managers. Allocation to China decreased by 1.38% this quarter among managers in this category, followed by India and Mexico, which both showed decreases of.69%. Hong Kong 0.40% 0.20% -0.20% -0.40% -0.60% -0.80% -1.00% -1.20% -1.40% -1.60% Turkey Indonesia South Africa Mexico Brazil India Taiwan South Korea China 2.00% 4.00% 6.00% 8.00% 1 12.00% 14.00% 16.00% 18.00% Turkey Indonesia Russia South Africa Top 10 Country Allocations Change In Country Allocations United States Nigeria Chile Mexico India China
Change in Ownership Change in Ownership All Emerging Markets Equity Universe: Ownership Activity These graphs display the ownership activity of All Emerging Markets Equity Managers. Top Five Companies Purchased 8.00% 6.00% 4.00% 2.00% -4.00% -6.00% 2Q 2015 3Q 2015 4Q 2015 1Q 2016 New Oriental Educ. & Tech. AngloGold Ashanti Sunny Optical Gudang Garam Sibanye Gold The top graph represents the top five stocks that had the largest increase in ownership for managers in the All Emerging Markets Equity Universe. New Oriental Education & Technology saw the largest increase in ownership during the first quarter within the All Emerging Markets Equity universe, with an increase of 6.03% for the quarter. This increased the total universe ownership to 16.99%. Sino Biopharmaceutical saw the largest decrease in ownership among emerging markets equity managers with a decrease of -7.44% in 1Q 2016. This followed increases in ownership for the previous 6 quarters. 4.00% Top Five Companies Sold Conversely, the bottom graph represents the top five stocks that had the largest decrease in ownership. 2.00% -4.00% -6.00% -8.00% 2Q 2015 3Q 2015 4Q 2015 1Q 2016 Sino Biopharmaceutical China Life Insurance Tav Havalimanlari MTN Group Catcher Tech.
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