Ramsay Stattman Vela & Price Inc's Q1 2022 13F: 22 new positions, 3 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 12, 2022 · 89 reported positions · accession 0001541399-22-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | Microsoft Corp. (MSFT) | 6.2% | 7.1% | +0.9 pts | +36,753 sh | +45% |
| New | Nvidia Corp. (NVDA) | — | 1.6% | +1.6 pts | +30,708 sh | new |
| New | Amazon.com (AMZN) | — | 1.4% | +1.4 pts | +2,156 sh | new |
| New | Tesla Inc. (TSLA) | — | 1.2% | +1.2 pts | +5,720 sh | new |
| New | Linde plc (LIN) | — | 1.1% | +1.1 pts | +17,623 sh | new |
| Increased | Apple Inc. (AAPL) | 7.3% | 7.1% | −0.2 pts | +28,180 sh | +16% |
| New | Palo Alto Networks (PANW) | — | 0.9% | +0.9 pts | +7,195 sh | new |
| New | Adobe Systems Inc. (ADBE) | — | 0.8% | +0.8 pts | +8,855 sh | new |
| Increased | Home Depot Inc. (HD) | 2.1% | 2.0% | −0.1 pts | +11,926 sh | +54% |
| Increased | Alphabet Inc. Cl. A (GOOGL) | 0.1% | 0.7% | +0.6 pts | +1,158 sh | +1448% |
| New | Thermo Fisher Scientific (TMO) | — | 0.6% | +0.6 pts | +5,405 sh | new |
| New | Applied Materials (AMAT) | — | 0.6% | +0.6 pts | +22,800 sh | new |
| Reduced | Fortive Corp. (FTV) | 1.2% | 0.3% | −0.8 pts | −39,050 sh | −58% |
| Increased | Costco Wholesale (COST) | 0.1% | 0.5% | +0.4 pts | +3,950 sh | +712% |
| New | Salesforce.com (CRM) | — | 0.4% | +0.4 pts | +10,025 sh | new |
| Increased | Visa Inc. (V) | 2.1% | 2.2% | +0.2 pts | +9,403 sh | +22% |
| New | IDEXX Laboratories (IDXX) | — | 0.4% | +0.4 pts | +3,810 sh | new |
| Increased | Walt Disney Co. (DIS) | 2.4% | 2.2% | −0.2 pts | +14,719 sh | +21% |
| Increased | Johnson & Johnson (JNJ) | 2.7% | 2.8% | +0.1 pts | +10,912 sh | +16% |
| New | Bristol-Myers Squibb (BMY) | — | 0.4% | +0.4 pts | +26,400 sh | new |
| New | PNC Financial Services (PNC) | — | 0.4% | +0.4 pts | +10,000 sh | new |
| Increased | Qualcomm Inc. (QCOM) | 0.3% | 0.6% | +0.3 pts | +11,437 sh | +160% |
| New | Biogen Inc. (BIIB) | — | 0.3% | +0.3 pts | +8,150 sh | new |
| New | Illumina Inc. (ILMN) | — | 0.3% | +0.3 pts | +4,745 sh | new |
| Increased | Cisco Systems Inc. (CSCO) | 1.3% | 1.3% | 0.0 pts | +29,415 sh | +33% |
| Increased | Fiserv, Inc. (FISV) | 1.4% | 1.5% | +0.1 pts | +15,532 sh | +26% |
| Increased | FedEx Corp. (FDX) | 2.2% | 2.0% | −0.2 pts | +6,779 sh | +18% |
| Reduced | 3M Company (MMM) | 1.9% | 1.1% | −0.8 pts | −10,471 sh | −22% |
| New | Estee Lauder Cos. Cl. A (EL) | — | 0.3% | +0.3 pts | +5,625 sh | new |
| Increased | Starbucks Corp. (SBUX) | 2.2% | 1.8% | −0.5 pts | +14,923 sh | +18% |
| New | PayPal Holdings (PYPL) | — | 0.3% | +0.3 pts | +11,230 sh | new |
| New | Netflix Inc. (NFLX) | — | 0.3% | +0.3 pts | +3,425 sh | new |
| Increased | Automatic Data Proc. (ADP) | 3.3% | 2.9% | −0.4 pts | +5,583 sh | +9% |
| Increased | Stryker Corp. (SYK) | 2.9% | 2.7% | −0.2 pts | +4,246 sh | +9% |
| Increased | McDonald's Corp. (MCD) | 0.1% | 0.3% | +0.2 pts | +4,370 sh | +206% |
| Increased | JPMorgan Chase (JPM) | 0.1% | 0.2% | +0.2 pts | +7,825 sh | +501% |
| New | United Rentals (URI) | — | 0.2% | +0.2 pts | +2,300 sh | new |
| New | Meta Platforms (META) | — | 0.2% | +0.2 pts | +3,550 sh | new |
| New | Moderna Inc. (MRNA) | — | 0.1% | +0.1 pts | +4,000 sh | new |
| Reduced | Danaher Corp. (DHR) | 5.2% | 3.8% | −1.3 pts | −2,296 sh | −3% |
| New | Advanced Micro Devices (AMD) | — | 0.1% | +0.1 pts | +5,400 sh | new |
| Increased | Schwab U.S. TIPS ETF (SCHP) | 0.7% | 0.7% | 0.0 pts | +8,880 sh | +19% |
| New |
Shell plc (SHEL)
new — newly listed security (e.g. spin-off)
|
— | 0.1% | +0.1 pts | +8,835 sh | new |
| Reduced | Nestle S.A. ADR (NSRGY) | 2.5% | 1.9% | −0.6 pts | −3,246 sh | −4% |
| Reduced | Nike, Inc. Cl. B (NKE) | 3.2% | 2.2% | −1.1 pts | −2,811 sh | −3% |
| Reduced | Diageo plc ADR (DEO) | 2.7% | 2.0% | −0.6 pts | −1,784 sh | −3% |
| Increased | Berkshire Hathaway Cl. B (BRK-B) | 3.5% | 3.7% | +0.1 pts | +1,012 sh | +2% |
| Reduced | Colgate-Palmolive Co. (CL) | 1.9% | 1.4% | −0.5 pts | −4,454 sh | −5% |
| Exited | Royal Dutch Shell Cl. A (RDSA) | 0.1% | — | −0.1 pts | −6,675 sh | −100% |
| Exited | Corning Inc. (GLW) | 0.0% | — | 0.0 pts | −5,603 sh | −100% |
The 50 largest of 85 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
Top 10 positions — 38.4% of the equity book
Changes in the top 10 this quarter: JNJ entered · SYK entered · NKE left · ITW left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Apple Inc. (AAPL) | 7.3% | 7.1% | |
| 2 | Microsoft Corp. (MSFT) | 6.2% | 7.1% | |
| 3 | Danaher Corp. (DHR) | 5.2% | 3.8% | |
| 4 | Berkshire Hathaway Cl. B (BRK-B) | 3.5% | 3.7% | |
| 5 | Alphabet Inc. Cl. C (GOOG) | 4.0% | 3.3% | |
| 6 | Automatic Data Proc. (ADP) | 3.3% | 2.9% | |
| 7 | Johnson & Johnson (JNJ) | 2.7% | 2.8% | Entered the top 10 |
| 8 | Stryker Corp. (SYK) | 2.9% | 2.7% | Entered the top 10 |
| 9 | Abbott Laboratories (ABT) | 3.6% | 2.6% | |
| 10 | PepsiCo, Inc. (PEP) | 3.0% | 2.4% | |
| — | Nike, Inc. Cl. B (NKE) | 3.2% | 2.2% | Left the top 10 |
| — | Illinois Tool Works (ITW) | 3.0% | 2.1% | 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).