Torray Investment Partners LLC's Q1 2025 13F: 6 new positions, 6 exits
Form 13F-HR for the quarter ended Mar 31, 2025 · filed May 8, 2025 · 101 reported positions · accession 0000950123-25-004292
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | Qualcomm (QCOM) | 1.4% | 0.0% | −1.3 pts | −61,165 sh | −97% |
| Increased | Texas Instruments (TXN) | 1.8% | 2.7% | +0.9 pts | +34,380 sh | +52% |
| Increased | Royalty Pharma Plc (RPRX) | 2.5% | 4.0% | +1.5 pts | +178K sh | +26% |
| New | ProLogis (PLD) | — | 0.7% | +0.7 pts | +43,740 sh | new |
| Reduced | Alphabet Class A (GOOGL) | 4.6% | 3.2% | −1.4 pts | −29,874 sh | −18% |
| Reduced | JP Morgan (JPM) | 2.7% | 2.3% | −0.5 pts | −16,996 sh | −21% |
| Reduced | Danaher (DHR) | 0.6% | 0.1% | −0.6 pts | −16,763 sh | −90% |
| New | Pfizer (PFE) | — | 0.5% | +0.5 pts | +133K sh | new |
| Reduced | Berkshire Hathaway B (BRK-B) | 3.1% | 3.3% | +0.2 pts | −6,146 sh | −13% |
| Reduced | Hewlett Packard Enterprise (HPE) | 2.2% | 1.2% | −1.0 pts | −207K sh | −29% |
| Reduced | Pool (POOL) | 0.7% | 0.2% | −0.5 pts | −9,477 sh | −65% |
| Increased | Home Depot (HD) | 2.8% | 3.1% | +0.4 pts | +7,503 sh | +15% |
| Exited | United Parcel Service (UPS) | 0.4% | — | −0.4 pts | −22,505 sh | −100% |
| Reduced | Marsh McLennan (MRSH) | 2.4% | 2.6% | +0.2 pts | −7,062 sh | −9% |
| Reduced | Chubb Limited (CB) | 2.1% | 2.2% | 0.0 pts | −5,677 sh | −11% |
| Reduced | W.R. Berkley (WRB) | 2.0% | 2.3% | +0.3 pts | −23,624 sh | −10% |
| Exited | ICF International (ICFI) | 0.2% | — | −0.2 pts | −13,100 sh | −100% |
| Increased | Adobe (ADBE) | 0.9% | 1.0% | +0.1 pts | +3,890 sh | +29% |
| Reduced | Broadcom Limited (AVGO) | 2.7% | 1.8% | −0.9 pts | −8,831 sh | −11% |
| Increased | Blackstone Group (BX) | 0.6% | 0.7% | +0.1 pts | +10,376 sh | +44% |
| Reduced | Fiserv (FISV) | 3.7% | 3.9% | +0.2 pts | −6,355 sh | −5% |
| Reduced | Enbridge (ENB) | 0.8% | 0.6% | −0.1 pts | −30,661 sh | −25% |
| Exited | Vanguard Total Bond Market ETF (BND) | 0.2% | — | −0.2 pts | −16,325 sh | −100% |
| Reduced | Union Pacific (UNP) | 0.7% | 0.6% | −0.1 pts | −4,473 sh | −22% |
| Reduced | Abbvie (ABBV) | 0.8% | 0.8% | 0.0 pts | −4,824 sh | −16% |
| Reduced | Veeva Systems (VEEV) | 1.0% | 1.0% | 0.0 pts | −4,301 sh | −13% |
| New | Bloom Energy (BE) | — | 0.1% | +0.1 pts | +45,969 sh | new |
| Reduced | Amgen (AMGN) | 2.2% | 2.7% | +0.4 pts | −2,808 sh | −5% |
| Increased | Morgan Stanley (MS) | 0.7% | 0.8% | +0.1 pts | +7,075 sh | +19% |
| Increased | Synopsys (SNPS) | 1.1% | 1.2% | 0.0 pts | +1,749 sh | +11% |
| Increased | Digital Realty Trust (DLR) | 0.5% | 0.5% | 0.0 pts | +4,011 sh | +19% |
| Increased | Lockheed Martin (LMT) | 0.6% | 0.6% | +0.1 pts | +1,271 sh | +16% |
| Increased | Constellation Energy Group (CEG) | 0.8% | 0.8% | 0.0 pts | +2,690 sh | +11% |
| Increased | SPS Commerce (SPSC) | 0.2% | 0.2% | 0.0 pts | +4,016 sh | +59% |
| Reduced | Apple (AAPL) | 2.2% | 2.0% | −0.2 pts | −2,268 sh | −4% |
| Reduced | Amazon.com (AMZN) | 2.6% | 2.3% | −0.3 pts | −1,872 sh | −2% |
| Increased | CNA Financial (CNA) | 0.6% | 0.7% | +0.1 pts | +5,303 sh | +6% |
| Exited | NVIDIA (NVDA) | 0.0% | — | 0.0 pts | −2,000 sh | −100% |
| Reduced | Visa (V) | 1.0% | 1.2% | +0.1 pts | −661 sh | −3% |
| Reduced | Arthur J. Gallagher (AJG) | 0.9% | 1.0% | +0.2 pts | −660 sh | −3% |
| New | RTX (RTX) | — | 0.0% | 0.0 pts | +1,689 sh | new |
| Reduced | Verisk Analytics (VRSK) | 0.9% | 1.0% | +0.1 pts | −749 sh | −3% |
| Exited | Rocket Lab USA (RKLBXXXX) | 0.0% | — | 0.0 pts | −9,000 sh | −100% |
| Reduced | Microsoft (MSFT) | 2.4% | 2.2% | −0.2 pts | −554 sh | −1% |
| New | CyberArk Software (CYBR) | — | 0.0% | 0.0 pts | +600 sh | new |
| New | Mastercard (MA) | — | 0.0% | 0.0 pts | +367 sh | new |
| Exited | PTC Inc (PTC) | 0.0% | — | 0.0 pts | −1,136 sh | −100% |
| Reduced | O'Reilly Automotive (ORLY) | 0.9% | 1.1% | +0.2 pts | −138 sh | −3% |
| Reduced | Lonza Group ADR (LZAGY) | 0.9% | 1.0% | +0.1 pts | −2,803 sh | −3% |
| Increased | CCC Intel Solutions (CCC) | 0.2% | 0.2% | 0.0 pts | +18,624 sh | +17% |
The 50 largest of 86 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 — 31.1% of the equity book
Changes in the top 10 this quarter: JNJ entered · TXN entered · AMGN entered · MRSH entered · JPM left · AVGO left · AMZN left · AXP left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Royalty Pharma Plc (RPRX) | 2.5% | 4.0% | |
| 2 | Fiserv (FISV) | 3.7% | 3.9% | |
| 3 | Berkshire Hathaway B (BRK-B) | 3.1% | 3.3% | |
| 4 | Alphabet Class A (GOOGL) | 4.6% | 3.2% | |
| 5 | Home Depot (HD) | 2.8% | 3.1% | |
| 6 | EOG Resources (EOG) | 2.6% | 2.9% | |
| 7 | Johnson & Johnson (JNJ) | 2.3% | 2.7% | Entered the top 10 |
| 8 | Texas Instruments (TXN) | 1.8% | 2.7% | Entered the top 10 |
| 9 | Amgen (AMGN) | 2.2% | 2.7% | Entered the top 10 |
| 10 | Marsh McLennan (MRSH) | 2.4% | 2.6% | Entered the top 10 |
| — | JP Morgan (JPM) | 2.7% | 2.3% | Left the top 10 |
| — | Broadcom Limited (AVGO) | 2.7% | 1.8% | Left the top 10 |
| — | Amazon.com (AMZN) | 2.6% | 2.3% | Left the top 10 |
| — | American Express (AXP) | 2.5% | 2.3% | 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).