1919 Investment Counsel LLC's Q3 2013 13F is in
Form 13F-HR for the quarter ended Sep 30, 2013 · filed Nov 14, 2013 · 989 reported positions · accession 0001140361-13-042587
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | BROADCOM CORP (BRCM) | 1.1% | 0.5% | −0.6 pts | −515K sh | −36% |
| Increased | EATON CORP PLC (ETN) | 0.0% | 0.3% | +0.3 pts | +173K sh | +1724% |
| Reduced | AIR PRODS & CHEMS INC (APD) | 1.0% | 0.9% | −0.1 pts | −90,936 sh | −20% |
| Increased | VMWARE INC (VMW) | 0.2% | 0.4% | +0.2 pts | +106K sh | +89% |
| Reduced | COACH INC (COH) | 0.6% | 0.4% | −0.2 pts | −135K sh | −30% |
| Reduced | AG MTG INVT TR INC (MITT) | 0.9% | 0.6% | −0.3 pts | −416K sh | −19% |
| Increased | PARKER HANNIFIN CORP (PH) | 0.3% | 0.5% | +0.2 pts | +61,552 sh | +41% |
| Increased | HOME DEPOT INC (HD) | 0.3% | 0.4% | +0.1 pts | +78,129 sh | +45% |
| Increased | SAP AG (SAP) | 0.2% | 0.3% | +0.1 pts | +78,061 sh | +79% |
| New | MAXIMUS INC (MMS) | — | 0.1% | +0.1 pts | +109K sh | new |
| Reduced | PVR PARTNERS L P (PVR) | 0.1% | 0.0% | −0.1 pts | −199K sh | −99% |
| New | LENNOX INTL INC (LII) | — | 0.1% | +0.1 pts | +59,000 sh | new |
| Increased | ALLERGAN INC (AGN) | 0.3% | 0.5% | +0.1 pts | +48,455 sh | +28% |
| Reduced | POTASH CORP SASK INC (POT) | 1.0% | 0.7% | −0.3 pts | −129K sh | −12% |
| Increased | ROBERT HALF INTL INC (RHI) | 0.3% | 0.5% | +0.1 pts | +102K sh | +23% |
| Increased | WELLS FARGO & CO NEW (WFC) | 1.2% | 1.2% | 0.0 pts | +86,336 sh | +7% |
| Increased | TARGET CORP (TGT) | 0.7% | 0.7% | 0.0 pts | +55,730 sh | +13% |
| Reduced | NORTHEAST UTILS (NU) | 0.8% | 0.7% | −0.1 pts | −77,723 sh | −10% |
| Reduced | EXPRESS SCRIPTS HLDG CO (ESRX) | 2.0% | 1.8% | −0.1 pts | −49,307 sh | −4% |
| Increased | VISA INC (V) | 0.3% | 0.4% | +0.1 pts | +15,804 sh | +23% |
| Reduced | EXXON MOBIL CORP (XOM) | 4.4% | 4.0% | −0.4 pts | −34,873 sh | −2% |
| Increased | CVS CAREMARK CORPORATION (CVS) | 1.0% | 1.0% | 0.0 pts | +51,155 sh | +7% |
| Increased | TJX COS INC NEW (TJX) | 1.0% | 1.1% | +0.1 pts | +50,850 sh | +6% |
| Reduced | APPLE INC (AAPL) | 1.5% | 1.7% | +0.2 pts | −5,908 sh | −4% |
| Increased | LAUDER ESTEE COS INC (EL) | 0.9% | 0.9% | +0.1 pts | +38,144 sh | +7% |
| Increased | EBAY INC (EBAY) | 0.6% | 0.7% | +0.1 pts | +46,302 sh | +10% |
| Reduced | YUM BRANDS INC (YUM) | 1.4% | 1.3% | −0.1 pts | −31,118 sh | −4% |
| Reduced | GILEAD SCIENCES INC (GILD) | 1.2% | 1.4% | +0.2 pts | −34,924 sh | −3% |
| Reduced | VANGUARD INTL EQUITY INDEX F (VWO) | 0.2% | 0.1% | 0.0 pts | −53,802 sh | −25% |
| Increased | ATLAS RESOURCE PARTNERS LP (ARPJQ) | 0.1% | 0.1% | 0.0 pts | +100K sh | +81% |
| Reduced | UNITED TECHNOLOGIES CORP (RTX) | 1.3% | 1.4% | +0.1 pts | −19,084 sh | −3% |
| New | TERRA NITROGEN CO L P (TNH) | — | 0.0% | 0.0 pts | +10,000 sh | new |
| Increased | KROGER CO (KR) | 0.0% | 0.1% | 0.0 pts | +48,857 sh | +110% |
| Increased | INVESCO LTD (IVZ) | 0.0% | 0.1% | 0.0 pts | +61,415 sh | +289% |
| Increased | QUANTA SVCS INC (PWR) | 0.8% | 0.8% | 0.0 pts | +70,198 sh | +6% |
| Exited | NETSPEND HLDGS INC (NTSP) | 0.0% | — | 0.0 pts | −110K sh | −100% |
| Reduced | PROCTER & GAMBLE CO (PG) | 1.2% | 1.1% | −0.1 pts | −23,974 sh | −4% |
| Reduced | DU PONT E I DE NEMOURS & CO (DD) | 0.7% | 0.7% | 0.0 pts | −30,939 sh | −5% |
| New | SLM CORP (SLM) | — | 0.0% | 0.0 pts | +70,000 sh | new |
| Reduced | CISCO SYS INC (CSCO) | 1.4% | 1.2% | −0.1 pts | −72,553 sh | −3% |
| Increased | GLOBAL PMTS INC (GPN) | 0.0% | 0.0% | 0.0 pts | +32,930 sh | +466% |
| Increased | DIGITAL RLTY TR INC (DLR) | 0.1% | 0.1% | 0.0 pts | +30,900 sh | +75% |
| Reduced | CARDINAL HEALTH INC (CAH) | 0.1% | 0.0% | 0.0 pts | −30,214 sh | −46% |
| Reduced | DONNELLEY R R & SONS CO (RRD) | 0.1% | 0.1% | 0.0 pts | −97,779 sh | −40% |
| New | MALLINCKRODT PUB LTD CO (MNKKQ) | — | 0.0% | 0.0 pts | +34,953 sh | new |
| Reduced | CELGENE CORP (CELG) | 1.4% | 1.7% | +0.3 pts | −9,580 sh | −2% |
| Reduced | DOW CHEM CO (DOW) | 0.1% | 0.1% | 0.0 pts | −38,056 sh | −26% |
| Reduced | MICROSOFT CORP (MSFT) | 0.6% | 0.5% | −0.1 pts | −41,796 sh | −6% |
| Increased | SIMON PPTY GROUP INC NEW (SPG) | 0.1% | 0.1% | 0.0 pts | +9,228 sh | +36% |
| Increased | TOTAL S A (TTE) | 0.0% | 0.0% | 0.0 pts | +22,585 sh | +431% |
The 50 largest of 553 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
* Prior share counts adjusted or corrected for a stock split — changes are measured from the adjusted count:
- CABOT OIL & GAS CORP (CTRA): 1,200 shares as filed last quarter, 2,400 after adjustment → 2,200 now (prior share count adjusted for a stock split)
- DAVITA HEALTHCARE PARTNERS I (DVA): 20,945 shares as filed last quarter, 41,890 after adjustment → 52,300 now (prior share count adjusted for a stock split)
- CERNER CORP (CERN): 350K shares as filed last quarter, 700K after adjustment → 720K now (prior share count adjusted for a stock split)
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- MARKET VECTORS ETF TR (GDXJ): 57060U589 → 57061R544, 500 → 125 shares (share count change consistent with a stock split)
- SPRINT CORP (S): 852061100 → 85207U105, 4,415 → 1,153 shares (share count changed with the identifier; not shown as a trade)
- WINDSTREAM HLDGS INC (WIN): 97381W104 → 97382A101, 10,720 → 10,351 shares (share count changed with the identifier; not shown as a trade)
- NEWS CORP NEW (NWSA): 65248E104 → 65249B109, 9,127 → 2,270 shares (share count changed with the identifier; not shown as a trade)
- BANC CALIF INC (BANC): 33589V101 → 05990K106, 39,525 → 120K shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 18.3% of the equity book
Changes in the top 10 this quarter: SLB entered · RTX entered · COV left · GOOGL left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | EXXON MOBIL CORP (XOM) | 4.4% | 4.0% | |
| 2 | EXPRESS SCRIPTS HLDG CO (ESRX) | 2.0% | 1.8% | |
| 3 | V F CORP (VFC) | 1.8% | 1.8% | |
| 4 | CELGENE CORP (CELG) | 1.4% | 1.7% | |
| 5 | APPLE INC (AAPL) | 1.5% | 1.7% | |
| 6 | AMERICAN EXPRESS CO (AXP) | 1.6% | 1.5% | |
| 7 | SCHLUMBERGER LTD (SLB) | 1.2% | 1.5% | Entered the top 10 |
| 8 | CHEVRON CORP NEW (CVX) | 1.5% | 1.5% | |
| 9 | US BANCORP DEL (USB) | 1.5% | 1.4% | |
| 10 | UNITED TECHNOLOGIES CORP (RTX) | 1.3% | 1.4% | Entered the top 10 |
| — | COVIDIEN PLC (COV) | 1.5% | 1.4% | Left the top 10 |
| — | GOOGLE INC (GOOGL) | 1.4% | 1.4% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | MCGRAW HILL FINL INC (MHFI) | Put | 14,200 | 0 | $0 |