Willis Investment Counsel's Q4 2021 13F: 3 new positions, 4 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Feb 14, 2022 · 108 reported positions · accession 0001310929-22-000001
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | Pfizer Inc (PFE) | 2.7% | 2.8% | +0.2 pts | −176K sh | −16% |
| Increased | Applied Material Inc (AMAT) | 0.2% | 0.8% | +0.5 pts | +61,132 sh | +187% |
| Increased | Cerner Corp (CERN) | 0.8% | 1.4% | +0.7 pts | +103K sh | +54% |
| New | Darden Restaurants Inc (DRI) | — | 0.4% | +0.4 pts | +53,400 sh | new |
| Reduced | Paychex Inc (PAYX) | 2.4% | 2.4% | −0.1 pts | −48,309 sh | −13% |
| Increased | Emerson Elec Co (EMR) | 0.9% | 1.1% | +0.2 pts | +64,500 sh | +40% |
| Reduced | Chevron Corp (CVX) | 0.6% | 0.3% | −0.3 pts | −50,866 sh | −51% |
| Increased | Wal-Mart Stores Inc (WMT) | 1.2% | 1.4% | +0.3 pts | +40,800 sh | +28% |
| Reduced | Kimberly Clark Corp (KMB) | 1.9% | 1.6% | −0.3 pts | −39,377 sh | −15% |
| Reduced | Factset Resh Sys Inc (FDS) | 0.5% | 0.3% | −0.2 pts | −10,800 sh | −49% |
| Reduced | Lockheed Martin Corp (LMT) | 2.3% | 2.0% | −0.3 pts | −11,484 sh | −10% |
| Exited | Occidental Petroleum Corp (OXY) | 0.2% | — | −0.2 pts | −110K sh | −100% |
| Increased | Accenture PLC (ACN) | 2.6% | 3.3% | +0.7 pts | +8,113 sh | +6% |
| Reduced | Royal Dutch Shell (RDSA) | 1.1% | 0.8% | −0.3 pts | −75,149 sh | −17% |
| Increased | Allstate (ALL) | 1.3% | 1.2% | 0.0 pts | +25,200 sh | +15% |
| Increased | Intel Corp (INTC) | 2.3% | 2.2% | −0.1 pts | +54,656 sh | +7% |
| Increased | United Parcel Service (UPS) | 0.4% | 0.6% | +0.2 pts | +12,885 sh | +34% |
| Increased | BHP Billiton Ltd (BHP) | 1.4% | 1.6% | +0.2 pts | +43,807 sh | +10% |
| Increased | Medtronic Inc (MDT) | 2.8% | 2.3% | −0.5 pts | +24,910 sh | +6% |
| Exited | Gildan Activewear Inc (GIL) | 0.1% | — | −0.1 pts | −63,012 sh | −100% |
| Reduced | APA Corporation (APA) | 0.2% | 0.1% | −0.1 pts | −90,682 sh | −50% |
| Reduced | Murphy Oil Corp (MUR) | 0.4% | 0.2% | −0.1 pts | −88,411 sh | −33% |
| Increased | Procter & Gamble Co (PG) | 1.8% | 2.1% | +0.3 pts | +14,000 sh | +6% |
| Reduced | Clorox Co Del Com (CLX) | 2.3% | 2.2% | −0.2 pts | −12,575 sh | −5% |
| Increased | Deere Co (DE) | 0.7% | 0.8% | +0.1 pts | +6,200 sh | +16% |
| Increased | Us Bancorp (new) (USB) | 1.4% | 1.3% | −0.1 pts | +36,500 sh | +9% |
| Increased | Raytheon Technologies Corp (RTX) | 0.7% | 0.7% | +0.1 pts | +23,184 sh | +17% |
| Increased | Pepsico Inc (PEP) | 1.2% | 1.3% | +0.2 pts | +11,413 sh | +9% |
| Increased | Genuine Parts Co (GPC) | 1.0% | 1.2% | +0.2 pts | +14,100 sh | +10% |
| Increased | Johnson And Johnson (JNJ) | 3.3% | 3.3% | 0.0 pts | +11,553 sh | +3% |
| Increased | Duke Energy Corp New (DUK) | 0.9% | 1.0% | +0.1 pts | +18,558 sh | +12% |
| Increased | Qualys, Inc. (QLYS) | 0.0% | 0.1% | +0.1 pts | +12,922 sh | +219% |
| Increased | 3m Company (MMM) | 2.2% | 2.1% | −0.1 pts | +9,632 sh | +4% |
| Reduced | Microsoft Corp (MSFT) | 2.9% | 3.1% | +0.2 pts | −4,610 sh | −3% |
| Increased | CHUBB LTD (CB) | 2.2% | 2.3% | +0.1 pts | +7,816 sh | +4% |
| Reduced | Frontdoor Inc (FTDR) | 0.2% | 0.1% | −0.1 pts | −39,890 sh | −59% |
| Reduced | Cisco Systems Inc (CSCO) | 3.0% | 3.1% | +0.1 pts | −22,573 sh | −2% |
| Increased | American Electric Power Co (AEP) | 1.0% | 1.1% | +0.1 pts | +15,400 sh | +7% |
| Reduced | Reinsurance Group America (RGA) | 1.0% | 0.8% | −0.2 pts | −12,271 sh | −8% |
| Reduced | Kroger Co (KR) | 2.2% | 2.2% | 0.0 pts | −29,626 sh | −3% |
| Reduced | Google Inc Class A (GOOGL) | 0.5% | 0.5% | −0.1 pts | −461 sh | −13% |
| Reduced | Tractor Supply Co (TSCO) | 2.0% | 2.1% | +0.1 pts | −5,493 sh | −3% |
| Reduced | American Express (AXP) | 1.3% | 1.1% | −0.2 pts | −7,981 sh | −6% |
| Reduced | Hexcel Corp (HXL) | 0.4% | 0.2% | −0.1 pts | −25,064 sh | −23% |
| Increased | JP Morgan Chase & Co (JPM) | 1.4% | 1.3% | −0.1 pts | +7,968 sh | +5% |
| Reduced | Aflac Inc (AFL) | 1.8% | 1.8% | 0.0 pts | −21,296 sh | −3% |
| Reduced | Fluor Corp New Del Com (FLR) | 0.2% | 0.2% | 0.0 pts | −50,186 sh | −29% |
| Reduced | Advance Auto Parts Inc (AAP) | 1.1% | 1.1% | 0.0 pts | −4,878 sh | −5% |
| Increased | Caterpillar Inc Del (CAT) | 1.5% | 1.6% | 0.0 pts | +5,600 sh | +4% |
| Increased | Merck & Company, Inc (MRK) | 1.5% | 1.4% | 0.0 pts | +14,773 sh | +4% |
The 50 largest of 104 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 — 27.6% of the equity book
Changes in the top 10 this quarter: CB entered · INTC left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Accenture PLC (ACN) | 2.6% | 3.3% | |
| 2 | Johnson And Johnson (JNJ) | 3.3% | 3.3% | |
| 3 | Cisco Systems Inc (CSCO) | 3.0% | 3.1% | |
| 4 | Microsoft Corp (MSFT) | 2.9% | 3.1% | |
| 5 | Pfizer Inc (PFE) | 2.7% | 2.8% | |
| 6 | Texas Instruments Inc (TXN) | 2.8% | 2.6% | |
| 7 | Verizon Communications Com (VZ) | 2.7% | 2.4% | |
| 8 | Paychex Inc (PAYX) | 2.4% | 2.4% | |
| 9 | CHUBB LTD (CB) | 2.2% | 2.3% | Entered the top 10 |
| 10 | Medtronic Inc (MDT) | 2.8% | 2.3% | |
| — | Intel Corp (INTC) | 2.3% | 2.2% | 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).