The century-old, committee-run value house — a patient, low-turnover large-cap book.
| # | Holding | Our call | % of book | Value | Shares | QoQ |
|---|---|---|---|---|---|---|
| 1 | JCI | Hold | 4.1% | $7.53B | 57.5M | Trimmed-5% |
| 2 | SCHW | Buy | 3.9% | $7.05B | 75.0M | Trimmed-2% |
| 3 | RTX | Hold | 3.8% | $6.84B | 35.5M | Trimmed-6% |
| 4 | OXY | Hold | 2.6% | $4.82B | 74.1M | Trimmed-7% |
| 5 | MSFT | Buy | 2.4% | $4.43B | 12.0M | Added+61% |
| 6 | BKNG | Buy | 2.3% | $4.20B | 997K | Added+36% |
| 7 | CVS | Hold | 2.0% | $3.72B | 51.8M | Trimmed-17% |
| 8 | MET | Hold | 2.0% | $3.61B | 51.1M | Trimmed-2% |
| 9 | FDX | Hold | 2.0% | $3.56B | 9.98M | Trimmed-36% |
| 10 | GOOG | Buy | 1.9% | $3.51B | 12.2M | Trimmed-5% |
| 11 | SUNB | Hold | 1.9% | $3.46B | 53.1M | NEW |
| 12 | REGN | Hold | 1.9% | $3.44B | 4.46M | Trimmed-3% |
| 13 | GILD | Hold | 1.9% | $3.38B | 24.3M | Trimmed-8% |
| 14 | CMCSA | — | 1.8% | $3.25B | 113M | — |
| 15 | GSK | — | 1.8% | $3.24B | 58.7M | Trimmed-14% |
| 16 | CHTR | Buy | 1.7% | $3.16B | 14.6M | — |
| 17 | AMZN | Buy | 1.7% | $3.15B | 15.1M | — |
| 18 | CI | Buy | 1.7% | $3.08B | 11.6M | Added+4% |
| 19 | TEL | Hold | 1.7% | $3.07B | 14.7M | Trimmed-1% |
| 20 | GOOGL | Buy | 1.7% | $3.06B | 10.6M | Trimmed-2% |
| 21 | META | Buy | 1.6% | $2.87B | 5.01M | — |
| 22 | FISV | Buy | 1.5% | $2.80B | 50.3M | Added+2% |
| 23 | BNY | Hold | 1.5% | $2.78B | 23.4M | Trimmed-9% |
| 24 | APD | Hold | 1.5% | $2.68B | 9.23M | — |
| 25 | IFF | Hold | 1.5% | $2.65B | 36.5M | — |
| 26 | AON | Hold | 1.4% | $2.62B | 8.12M | Added+3% |
| 27 | UNH | Sell | 1.4% | $2.56B | 9.47M | Added+3% |
| 28 | WFC | Buy | 1.4% | $2.48B | 31.2M | Trimmed-4% |
| 29 | BN | — | 1.3% | $2.40B | 59.2M | Added+43% |
| 30 | FTV | Hold | 1.3% | $2.39B | 43.2M | Trimmed-2% |
| 31 | FIS | Hold | 1.3% | $2.30B | 49.1M | — |
| 32 | GEHC | Buy | 1.2% | $2.23B | 31.3M | — |
| 33 | BKR | Buy | 1.2% | $2.19B | 35.9M | Trimmed-12% |
| 34 | WTW | Buy | 1.2% | $2.13B | 7.33M | Added+6% |
| 35 | ZBH | Hold | 1.2% | $2.13B | 23.5M | — |
| 36 | SBAC | Hold | 1.1% | $2.08B | 12.1M | — |
| 37 | BUD | — | 1.1% | $2.06B | 29.7M | Trimmed-10% |
| 38 | HUM | Hold | 1.1% | $1.97B | 11.4M | — |
| 39 | SUI | Hold | 1.0% | $1.80B | 14.3M | Trimmed-2% |
| 40 | NSC | Hold | 1.0% | $1.80B | 6.26M | Trimmed-35% |
| 41 | SU | — | 1.0% | $1.74B | 26.3M | Trimmed-4% |
| 42 | ELAN | Hold | 0.9% | $1.65B | 68.9M | Trimmed-13% |
| 43 | COF | Buy | 0.9% | $1.60B | 8.77M | Trimmed-4% |
| 44 | AJG | Hold | 0.9% | $1.59B | 7.35M | Added+735% |
| 45 | CARR | Hold | 0.8% | $1.50B | 26.6M | Added+98% |
| 46 | HLN | — | 0.8% | $1.47B | 147M | Trimmed-3% |
| 47 | SNY | — | 0.8% | $1.42B | 29.5M | Trimmed-48% |
| 48 | CPNG | Hold | 0.7% | $1.36B | 72.0M | Added+46% |
| 49 | LYB | Hold | 0.7% | $1.36B | 16.8M | — |
| 50 | UBS | — | 0.7% | $1.31B | 33.6M | — |
| 51 | TMUS | Hold | 0.7% | $1.29B | 6.16M | — |
| 52 | COP | Buy | 0.7% | $1.27B | 9.65M | Trimmed-6% |
| 53 | LPLA | Hold | 0.7% | $1.25B | 4.15M | Added+5% |
| 54 | BABA | — | 0.7% | $1.24B | 9.92M | — |
| 55 | D | Hold | 0.7% | $1.20B | 19.5M | Trimmed-12% |
| 56 | ROP | Buy | 0.7% | $1.18B | 3.34M | NEW |
| 57 | GS | Hold | 0.6% | $1.17B | 1.38M | Trimmed-19% |
| 58 | BAP | — | 0.6% | $1.16B | 3.41M | Trimmed-12% |
| 59 | INCY | Hold | 0.6% | $1.15B | 12.3M | Trimmed-8% |
| 60 | AEP | Hold | 0.6% | $1.15B | 8.74M | Trimmed-6% |
| 61 | ADM | Hold | 0.6% | $1.15B | 15.8M | Trimmed-8% |
| 62 | TRU | Buy | 0.6% | $1.12B | 16.2M | Added+64% |
| 63 | NVS | — | 0.6% | $1.06B | 6.97M | Trimmed-23% |
| 64 | CE | Sell | 0.6% | $1.01B | 15.3M | — |
| 65 | CX | — | 0.5% | $975M | 85.2M | — |
| 66 | Teledyne Technologies, Inc. | — | 0.5% | $971M | 1.60M | Trimmed-5% |
| 67 | BAX | Sell | 0.5% | $962M | 57.3M | — |
| 68 | AVTR | Hold | 0.5% | $938M | 120M | Added+2% |
| 69 | CTSH | Buy | 0.5% | $876M | 14.3M | Trimmed-5% |
| 70 | BMRN | Buy | 0.5% | $823M | 14.6M | — |
| 71 | HPQ | Hold | 0.4% | $799M | 41.6M | Added+21% |
| 72 | TAP | Hold | 0.4% | $798M | 18.5M | — |
| 73 | FCNCA | Hold | 0.4% | $741M | 393K | Added+1145% |
| 74 | NBIX | Buy | 0.4% | $719M | 5.46M | — |
| 75 | NVO | — | 0.4% | $711M | 19.3M | NEW |
| 76 | MDT | Buy | 0.4% | $667M | 7.69M | — |
| 77 | LIN | Hold | 0.4% | $658M | 1.33M | — |
| 78 | ALNY | Buy | 0.4% | $638M | 1.93M | Trimmed-2% |
| 79 | FOXA | Hold | 0.3% | $636M | 10.9M | Trimmed-6% |
| 80 | XP | — | 0.3% | $623M | 32.7M | Trimmed-4% |
| 81 | TIGO | — | 0.3% | $612M | 8.16M | — |
| 82 | ADBE | Buy | 0.3% | $607M | 2.50M | Added+15% |
| 83 | GLPI | Buy | 0.3% | $597M | 13.5M | — |
| 84 | RAL | Hold | 0.3% | $572M | 13.7M | Added+13% |
| 85 | VFC | Hold | 0.3% | $561M | 33.0M | Trimmed-19% |
| 86 | TRP | — | 0.3% | $557M | 8.89M | Trimmed-4% |
| 87 | PDD | — | 0.3% | $464M | 4.54M | Added+2% |
| 88 | STT | Hold | 0.2% | $443M | 3.50M | Trimmed-26% |
| 89 | YUMC | Buy | 0.2% | $407M | 8.35M | Trimmed-2% |
| 90 | MCHP | Hold | 0.2% | $396M | 6.13M | — |
| 91 | FOX | Buy | 0.2% | $381M | 7.18M | Trimmed-1% |
| 92 | AEG | — | 0.2% | $367M | 50.6M | Trimmed-28% |
| 93 | JD | — | 0.2% | $361M | 12.2M | — |
| 94 | BNTX | — | 0.2% | $327M | 3.68M | Added+2% |
| 95 | News Corp. | — | 0.2% | $306M | 12.3M | Trimmed-2% |
| 96 | BMY | Hold | 0.2% | $280M | 4.62M | Trimmed-35% |
| 97 | NTES | — | 0.1% | $241M | 2.16M | — |
| 98 | GE | Hold | 0.1% | $209M | 738K | Trimmed-86% |
| 99 | VSNT | — | 0.1% | $167M | 4.51M | NEW |
| 100 | ITUB | — | 0.1% | $161M | 19.2M | — |
| 101 | HDB | — | 0.1% | $142M | 5.69M | Added+3% |
| 102 | COHR | Hold | 0.1% | $133M | 559K | Trimmed-17% |
| 103 | GEV | Hold | 0.1% | $113M | 129K | Trimmed-7% |
| 104 | BAC | Hold | 0.0% | $88.7M | 1.82M | Trimmed-9% |
| 105 | FMS | — | 0.0% | $86.3M | 3.83M | — |
| 106 | AXP | Buy | 0.0% | $83.9M | 277K | Trimmed-5% |
| 107 | WMB | Hold | 0.0% | $70.3M | 966K | Trimmed-3% |
| 108 | CDNS | Hold | 0.0% | $64.2M | 231K | Trimmed-3% |
| 109 | FLUT | Buy | 0.0% | $64.1M | 629K | — |
| 110 | UNP | Hold | 0.0% | $63.3M | 261K | — |
| 111 | LBTYK | — | 0.0% | $61.6M | 5.26M | Trimmed-21% |
| 112 | CVX | Hold | 0.0% | $42.4M | 205K | Trimmed-4% |
| 113 | LLY | Buy | 0.0% | $38.6M | 42.0K | Trimmed-1% |
| 114 | TSM | — | 0.0% | $36.4M | 108K | — |
| 115 | JPM | Hold | 0.0% | $34.8M | 118K | Trimmed-5% |
| 116 | NESR | — | 0.0% | $34.4M | 1.60M | Trimmed-17% |
| 117 | CAT | Sell | 0.0% | $28.3M | 40.0K | Trimmed-2% |
| 118 | TRV | Buy | 0.0% | $27.1M | 92.8K | Trimmed-2% |
| 119 | LBTYA | — | 0.0% | $25.9M | 2.14M | Trimmed-52% |
| 120 | DIS | Hold | 0.0% | $25.7M | 267K | Trimmed-1% |
| 121 | WMT | Hold | 0.0% | $21.7M | 174K | Trimmed-3% |
| 122 | MRK | Hold | 0.0% | $16.4M | 136K | Trimmed-2% |
| 123 | KSPI | — | 0.0% | $15.6M | 210K | Added+14% |
| 124 | PG | Hold | 0.0% | $13.1M | 90.8K | — |
| 125 | TMO | Hold | 0.0% | $12.7M | 25.7K | — |
| 126 | XOM | — | 0.0% | $12.5M | 73.9K | — |
| 127 | TGT | Hold | 0.0% | $11.7M | 96.7K | Trimmed-1% |
| 128 | AZN | — | 0.0% | $11.3M | 57.5K | NEW |
| 129 | IBM | Hold | 0.0% | $11.3M | 46.6K | — |
| 130 | CSCO | Sell | 0.0% | $8.16M | 105K | Trimmed-36% |
| 131 | AAPL | Hold | 0.0% | $8.02M | 31.6K | — |
| 132 | HD | Hold | 0.0% | $7.38M | 22.4K | Trimmed-3% |
| 133 | DE | Hold | 0.0% | $7.11M | 12.6K | — |
| 134 | VMC | Hold | 0.0% | $6.54M | 24.0K | — |
| 135 | ADI | Hold | 0.0% | $6.37M | 20.0K | Trimmed-4% |
| 136 | AVGO | Hold | 0.0% | $5.97M | 19.3K | Trimmed-6% |
| 137 | SLB | Hold | 0.0% | $5.64M | 110K | Trimmed-38% |
| 138 | BSX | Buy | 0.0% | $5.58M | 88.9K | — |
| 139 | BRKB | — | 0.0% | $5.48M | 11.4K | — |
| 140 | JNJ | Hold | 0.0% | $5.12M | 20.9K | — |
| 141 | SHEL | — | 0.0% | $5.11M | 55.0K | — |
| 142 | GLW | Hold | 0.0% | $4.94M | 36.3K | Trimmed-1% |
| 143 | MSI | Hold | 0.0% | $4.88M | 11.3K | — |
| 144 | ACMR | Hold | 0.0% | $4.72M | 120K | Added+7% |
| 145 | AMGN | Hold | 0.0% | $4.70M | 13.4K | — |
| 146 | SNPS | Hold | 0.0% | $4.04M | 10.2K | — |
| 147 | MELI | Hold | 0.0% | $3.44M | 1.99K | Added+43% |
| 148 | TBBB | — | 0.0% | $3.21M | 90.7K | NEW |
| 149 | DHR | Hold | 0.0% | $3.12M | 16.4K | — |
| 150 | DELL | Hold | 0.0% | $3.10M | 18.9K | Trimmed-1% |
| 151 | BIDU | — | 0.0% | $3.06M | 27.5K | Added+66% |
| 152 | VIPS | — | 0.0% | $3.00M | 191K | Added+54% |
| 153 | PNC | Buy | 0.0% | $2.91M | 14.0K | — |
| 154 | Berkshire Hathaway, Inc. | — | 0.0% | $2.87M | 4.00 | — |
| 155 | PM | Hold | 0.0% | $2.73M | 16.5K | Trimmed-3% |
| 156 | PFE | Hold | 0.0% | $2.49M | 88.6K | Trimmed-2% |
| 157 | JOYY | — | 0.0% | $2.45M | 42.0K | Trimmed-15% |
| 158 | TCOM | — | 0.0% | $2.45M | 49.3K | Added+156% |
| 159 | SPGI | Buy | 0.0% | $2.30M | 5.40K | — |
| 160 | ABBV | Hold | 0.0% | $2.26M | 10.4K | — |
| 161 | PH | Hold | 0.0% | $2.24M | 2.50K | — |
| 162 | NEE | Hold | 0.0% | $2.19M | 23.6K | — |
| 163 | KARO | — | 0.0% | $2.10M | 42.2K | Added+73% |
| 164 | MCD | Hold | 0.0% | $2.00M | 6.42K | — |
| 165 | HPE | Hold | 0.0% | $1.83M | 76.8K | Trimmed-11% |
| 166 | KO | Hold | 0.0% | $1.83M | 24.0K | — |
| 167 | HON | Hold | 0.0% | $1.81M | 8.02K | — |
| 168 | ABT | Buy | 0.0% | $1.78M | 17.3K | — |
| 169 | CTVA | Hold | 0.0% | $1.70M | 20.3K | — |
| 170 | LVS | Buy | 0.0% | $1.52M | 28.2K | — |
| 171 | ZH | — | 0.0% | $1.37M | 481K | Added+51% |
| 172 | MO | Hold | 0.0% | $1.35M | 20.5K | Trimmed-2% |
| 173 | CL | Hold | 0.0% | $1.19M | 14.0K | — |
| 174 | MMM | Hold | 0.0% | $1.11M | 7.68K | — |
| 175 | EBAY | Hold | 0.0% | $1.07M | 11.8K | Trimmed-8% |
| 176 | Nucor Corp. | — | 0.0% | $1.05M | 6.20K | — |
| 177 | ATAT | — | 0.0% | $1.04M | 28.2K | — |
| 178 | ARCO | — | 0.0% | $932K | 113K | — |
| 179 | PSMT | Hold | 0.0% | $926K | 6.16K | — |
| 180 | APA | Buy | 0.0% | $912K | 21.5K | Trimmed-4% |
| 181 | ABEV | — | 0.0% | $894K | 306K | Added+3% |
| 182 | GPRK | — | 0.0% | $884K | 93.0K | — |
| 183 | TFC | Hold | 0.0% | $880K | 19.2K | — |
| 184 | IFS | — | 0.0% | $873K | 17.4K | — |
| 185 | DEO | — | 0.0% | $825K | 11.1K | — |
| 186 | JBS NV | — | 0.0% | $804K | 44.8K | Added+164% |
| 187 | LOMA | — | 0.0% | $800K | 72.2K | Added+66% |
| 188 | Q | Sell | 0.0% | $776K | 6.73K | Trimmed-10% |
| 189 | AFYA | — | 0.0% | $763K | 51.3K | Added+45% |
| 190 | LAUR | Buy | 0.0% | $756K | 21.7K | Added+38% |
| 191 | Blackrock, Inc. | — | 0.0% | $684K | 711.00 | — |
| 192 | MDLZ | Hold | 0.0% | $682K | 11.8K | — |
| 193 | CPA | — | 0.0% | $682K | 6.00K | Added+52% |
| 194 | DD | Hold | 0.0% | $672K | 14.7K | Trimmed-1% |
| 195 | AMP | Buy | 0.0% | $667K | 1.50K | — |
| 196 | PAX | — | 0.0% | $663K | 52.6K | Added+148% |
| 197 | PBR | — | 0.0% | $647K | 31.2K | — |
| 198 | NVDA | Hold | 0.0% | $593K | 3.40K | — |
| 199 | DLO | — | 0.0% | $580K | 44.7K | Added+22% |
| 200 | ALL | Buy | 0.0% | $538K | 2.60K | — |
| 201 | MCO | Hold | 0.0% | $529K | 1.21K | — |
| 202 | GPC | Hold | 0.0% | $492K | 4.65K | — |
| 203 | PEP | Hold | 0.0% | $478K | 3.08K | — |
| 204 | PSX | Hold | 0.0% | $474K | 2.60K | — |
| 205 | LMT | Hold | 0.0% | $468K | 775.00 | — |
| 206 | OTIS | Hold | 0.0% | $463K | 6.01K | Trimmed-62% |
| 207 | ASR | — | 0.0% | $420K | 1.25K | Trimmed-26% |
| 208 | GIS | Hold | 0.0% | $417K | 11.2K | — |
| 209 | DOW | Sell | 0.0% | $405K | 9.71K | — |
| 210 | ELV | Hold | 0.0% | $381K | 1.30K | — |
| 211 | CTAS | Hold | 0.0% | $304K | 1.80K | — |
| 212 | UL | — | 0.0% | $299K | 5.24K | — |
| 213 | RIO | — | 0.0% | $280K | 3.00K | — |
| 214 | VZ | Hold | 0.0% | $276K | 5.50K | — |
| 215 | V | Hold | 0.0% | $260K | 859.00 | — |
| 216 | MGM | Hold | 0.0% | $241K | 6.50K | Trimmed-13% |
| 217 | CB | Buy | 0.0% | $235K | 722.00 | — |
| 218 | PPG | Hold | 0.0% | $235K | 2.20K | — |
| 219 | ISRG | Hold | 0.0% | $230K | 500.00 | — |
| 220 | LYV | Hold | 0.0% | $229K | 1.50K | Trimmed-57% |
| 221 | HAL | Hold | 0.0% | $214K | 5.50K | NEW |
| 222 | CIG | — | 0.0% | $35.9K | 15.0K | — |
Source: SEC Form 13F-HR. Positions are as-of quarter end (filed up to 45 days later) and cover US-listed equities only — shorts, non-US listings and most derivatives don’t appear. Values as reported by the filer. “Our call” is TENK/calls’s independent SEC-grounded verdict, not the fund’s view.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.