1919 Investment Counsel LLC's Q1 2014 13F is in
Form 13F-HR for the quarter ended Mar 31, 2014 · filed May 15, 2014 · 979 reported positions · accession 0001140361-14-021382
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | TILE SHOP HLDGS INC (TTSH) | — | 1.1% | +1.1 pts | +3.4M sh | new |
| Increased | BORGWARNER INC (BWA) | 0.0% | 1.0% | +1.0 pts | +762K sh | +71232% |
| Reduced | CELGENE CORP (CELG) | 1.7% | 1.1% | −0.6 pts | −113K sh | −23% |
| Reduced | EMERSON ELEC CO (EMR) | 0.9% | 0.6% | −0.3 pts | −199K sh | −32% |
| Increased | VMWARE INC (VMW) | 0.6% | 1.0% | +0.4 pts | +116K sh | +34% |
| Reduced | EXPRESS SCRIPTS HLDG CO (ESRX) | 1.8% | 1.6% | −0.1 pts | −134K sh | −11% |
| Increased | VISA INC (V) | 0.5% | 0.7% | +0.2 pts | +46,125 sh | +43% |
| Reduced | CISCO SYS INC (CSCO) | 0.9% | 0.7% | −0.2 pts | −440K sh | −22% |
| Increased | EATON CORP PLC (ETN) | 0.4% | 0.6% | +0.2 pts | +130K sh | +54% |
| Increased | PARKER HANNIFIN CORP (PH) | 0.6% | 0.8% | +0.1 pts | +75,405 sh | +32% |
| Reduced | V F CORP (VFC) | 2.0% | 1.8% | −0.2 pts | −136K sh | −9% |
| Reduced | NETAPP INC (NTAP) | 1.1% | 0.8% | −0.3 pts | −227K sh | −17% |
| Reduced | MCDONALDS CORP (MCD) | 0.8% | 0.6% | −0.2 pts | −78,564 sh | −21% |
| Increased | ALEXION PHARMACEUTICALS INC (ALXN) | 0.1% | 0.2% | +0.2 pts | +45,074 sh | +190% |
| Reduced | COACH INC (COH) | 0.3% | 0.1% | −0.2 pts | −124K sh | −49% |
| Reduced | TARGET CORP (TGT) | 0.6% | 0.5% | −0.2 pts | −96,837 sh | −21% |
| Increased | STARWOOD HOTELS&RESORTS WRLD (HOT) | 0.6% | 0.7% | +0.1 pts | +69,625 sh | +20% |
| New | PERRIGO CO PLC (PRGO) | — | 0.1% | +0.1 pts | +35,037 sh | new |
| Increased | ROCKWELL AUTOMATION INC (ROK) | 0.0% | 0.1% | +0.1 pts | +37,815 sh | +1363% |
| Increased | ALLERGAN INC (AGN) | 0.5% | 0.7% | +0.2 pts | +37,945 sh | +16% |
| Reduced | TJX COS INC NEW (TJX) | 1.3% | 1.1% | −0.2 pts | −74,660 sh | −8% |
| Exited | CHOICE HOTELS INTL INC (CHH) | 0.1% | — | −0.1 pts | −85,432 sh | −100% |
| Increased | HOME DEPOT INC (HD) | 0.6% | 0.6% | +0.1 pts | +53,017 sh | +15% |
| Increased | SAP AG (SAP) | 0.4% | 0.4% | +0.1 pts | +51,379 sh | +26% |
| Reduced | DRESSER-RAND GROUP INC (DRC) | 0.1% | 0.0% | −0.1 pts | −69,228 sh | −99% |
| Reduced | AGCO CORP (AGCO) | 0.1% | 0.0% | −0.1 pts | −66,124 sh | −98% |
| Reduced | GILEAD SCIENCES INC (GILD) | 1.5% | 1.3% | −0.2 pts | −51,319 sh | −5% |
| Reduced | EXXON MOBIL CORP (XOM) | 4.2% | 3.9% | −0.3 pts | −32,202 sh | −2% |
| Reduced | INTERNATIONAL BUSINESS MACHS (IBM) | 0.6% | 0.5% | −0.1 pts | −16,282 sh | −11% |
| Reduced | AMERICAN EXPRESS CO (AXP) | 1.6% | 1.5% | −0.1 pts | −33,895 sh | −4% |
| Reduced | YUM BRANDS INC (YUM) | 1.2% | 1.2% | −0.1 pts | −36,949 sh | −5% |
| Reduced | AIR PRODS & CHEMS INC (APD) | 0.8% | 0.8% | 0.0 pts | −22,233 sh | −7% |
| Reduced | ABB LTD (ABBNY) | 0.3% | 0.3% | −0.1 pts | −103K sh | −17% |
| Reduced | UNITED TECHNOLOGIES CORP (RTX) | 1.4% | 1.3% | 0.0 pts | −21,814 sh | −4% |
| Reduced | US BANCORP DEL (USB) | 1.5% | 1.5% | 0.0 pts | −58,666 sh | −3% |
| Exited | NORTHERN TIER ENERGY LP (NTI) | 0.1% | — | −0.1 pts | −100K sh | −100% |
| Increased | VERIZON COMMUNICATIONS INC (VZ) | 0.2% | 0.3% | 0.0 pts | +51,610 sh | +22% |
| Reduced | APPLE INC (AAPL) | 1.8% | 1.6% | −0.1 pts | −4,568 sh | −3% |
| Reduced | MICROCHIP TECHNOLOGY INC (MCHP) | 0.2% | 0.2% | 0.0 pts | −45,870 sh | −19% |
| Increased | NOBLE ENERGY INC (NBL) | 0.0% | 0.0% | 0.0 pts | +29,741 sh | +797% |
| Increased | WAL-MART STORES INC (WMT) | 0.1% | 0.2% | 0.0 pts | +27,608 sh | +33% |
| Reduced | GOOGLE INC (GOOGL) | 1.6% | 1.5% | −0.1 pts | −1,805 sh | −3% |
| Increased | COOPER COS INC (COO) | 0.0% | 0.0% | 0.0 pts | +14,190 sh | +4730% |
| Reduced | FMC TECHNOLOGIES INC (FTI) | 0.2% | 0.2% | 0.0 pts | −35,920 sh | −17% |
| Increased |
NOVO-NORDISK A S (NVO)
prior share count adjusted for a stock split
|
0.2% | 0.3% | +0.1 pts | +40,219 sh | +13% |
| Reduced | ILLINOIS TOOL WKS INC (ITW) | 0.6% | 0.6% | −0.1 pts | −22,077 sh | −6% |
| Reduced | MERCK & CO INC NEW (MRK) | 0.5% | 0.5% | 0.0 pts | −31,005 sh | −6% |
| Reduced | COVIDIEN PLC (COV) | 1.4% | 1.5% | +0.1 pts | −23,605 sh | −2% |
| Reduced | ACCENTURE PLC IRELAND (ACN) | 1.1% | 1.0% | −0.1 pts | −21,396 sh | −3% |
| Reduced | BROADCOM CORP (BRCM) | 0.2% | 0.2% | 0.0 pts | −52,983 sh | −16% |
The 50 largest of 594 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:
- NOVO-NORDISK A S (NVO): 63,739 shares as filed last quarter, 319K after adjustment → 359K now (prior share count adjusted for a stock split)
- ENERGY TRANSFER EQUITY L P (ET): 177K shares as filed last quarter, 353K after adjustment → 353K 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:
- VODAFONE GROUP PLC NEW (VOD): 92857W209 → 92857W308, 199K → 105K shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 17.9% of the equity book
Changes in the top 10 this quarter: SLB entered · WFC entered · CELG left · GILD left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | EXXON MOBIL CORP (XOM) | 4.2% | 3.9% | |
| 2 | V F CORP (VFC) | 2.0% | 1.8% | |
| 3 | EXPRESS SCRIPTS HLDG CO (ESRX) | 1.8% | 1.6% | |
| 4 | APPLE INC (AAPL) | 1.8% | 1.6% | |
| 5 | AMERICAN EXPRESS CO (AXP) | 1.6% | 1.5% | |
| 6 | GOOGLE INC (GOOGL) | 1.6% | 1.5% | |
| 7 | US BANCORP DEL (USB) | 1.5% | 1.5% | |
| 8 | SCHLUMBERGER LTD (SLB) | 1.4% | 1.5% | Entered the top 10 |
| 9 | COVIDIEN PLC (COV) | 1.4% | 1.5% | |
| 10 | WELLS FARGO & CO NEW (WFC) | 1.3% | 1.4% | Entered the top 10 |
| — | CELGENE CORP (CELG) | 1.7% | 1.1% | Left the top 10 |
| — | GILEAD SCIENCES INC (GILD) | 1.5% | 1.3% | 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 |
|---|---|---|---|---|---|
| New | APPLE INC (AAPL) | Call | 0 | 776K | $46.5M |
| Exited | MARKET VECTORS ETF TR (GDX) | Call | 7,500 | 0 | $0 |