Brown Advisory Securities Llc Holdings Analysis
Brown Advisory Securities Llc just filed its quarterly 13F. Dated 08/06/2015, the report reveals the active investment manager has a portfolio value of $289.58 million, representing an increase of $14.13 million from the previous quarter when it was $275.45 million. Note: This filling reprents about 33.30% of Brown Advisory Securities Llc’s assets, which which are listed in the US.
Portfolio Q12015
Market Value:
$289,579,000
Previous Mkt Value:
$275,447,000
Chg Mkt Value %:
5.13%
Sentiment:
Turnover %:
7.55%
Stocks Activity
New Purchases:
45
Additional Purchases:
104
Sold out:
35
Reduced:
132
Top 10 Holdings %:
23.06%
Based on $869.60 million in assets under management, Brown Advisory Securities Llc’s equity exposure represents 33.30% of assets.
New Positions
In this quarter, Brown Advisory Securities Llc opened positions in Twitter Inc (TWTR) for $658,000, United Parcel Service Inc (UPS) for $648,000, Wisdomtree Tr (HEDJ) for $635,000, Mead Johnson Nutrition Co (MJN) for $623,000 and Ecolab Inc (ECL) for $581,000. These were the 5 biggest new positions. In total the active investment manager bought 45 new stocks.
Top 5 New Buys
Twitter Inc
0.23%
United Parcel Service Inc
0.22%
Wisdomtree Tr
0.22%
Mead Johnson Nutrition Co
0.22%
Ecolab Inc
0.20%
13F Sector Allocation
Finance
23%
Information Technology
22%
Health Care
12%
Consumer Staples
10%
Energy
9%
Increased Positions
As shown in this report the active investment manager upped its stakes in Express Scripts Hldg Co (ESRX) by 10% to $4.21 million, Schlumberger Ltd (SLB) by 15% to $3.83 million, Google Inc (GOOGL) by 12% to $3.72 million, Schwab Charles Corp New (SCHW) by 14% to $3.61 million and Google Inc (GOOG) by 6% to $3.07 million. Brown Advisory Securities Llc also acquired smaller stakes in Abbvie Inc (ABBV) by 15.18% to $2.59 million, American Express Co (AXP) by 38.18% to $2.55 million and Jpmorgan Chase & Co (JPM) by 9.35% to $2.32 million. Building positions gradually is normal trading strategy for many funds.
Fund Sells
This fund got rid of its stakes in Gallagher Arthur J & Co (AJG), Hospira Inc (HSP), Twenty First Centy Fox Inc (FOXA), Bed Bath & Beyond Inc (BBBY) and Ensco Plc (ESV). These securities constituted 0.48%, 0.14%, 0.13%, 0.10% and 0.10% of the manager’s portfolio, respectively. We can only speculate about the reasons for the selling but we believe it has to do with either value, momentum or a better place for Brown Advisory Securities Llc’s capital.
Reduced Positions
The fund also reduced its postitons in Apple Inc (AAPL) by -1.19%, Exxon Mobil Corp (XOM) by -3.41%, Johnson & Johnson (JNJ) by -2.51%, Mastercard Inc (MA) by -5.83% and Qualcomm Inc (QCOM) by -0.84%.
Top Holdings
Apple Inc (AAPL), Procter & Gamble Co (PG) and Exxon Mobil Corp (XOM) made up the majority of Brown Advisory Securities Llc’s total US long portfolio in this quarter. These holdings were top 3 and constitute 10.71% of Brown Advisory Securities Llc’s US-listed securities. The top 10 holdings make about 23.06% of the fund’s value.
The image above provides a summary of Brown Advisory Securities Llc’s top 10 US-listed equity positions in this quarter.
Sector Positions
Brown Advisory Securities Llc upped the health care sector from 10% to 12%. According to the report, the fund also has securities for 23% in the finance sector. The information technology sector is 22% of Brown Advisory Securities Llc’s 13F reported securities. The fund reduced the Utilities & Telecommunications and Energy sector positions by 6% and 15%, respectively.
So these are Q1 2015 fund’s sector weights now: finance 23% for $66.60 million, information technology 22% for $63.71 million, health care 12% for $34.75 million, consumer staples 10% for $28.96 million, energy 9% for $26.06 million, industrials 8% for $23.17 million, consumer discretionary 7% for $20.27 million, utilities & telecommunications 6% for $17.37 million, materials 2% for $5.79 million and transports 1% for $2.90 million.
Important Position Changes
Top 10 Q1 2015 New Positions: Twitter Inc (TWTR), United Parcel Service Inc (UPS), Wisdomtree Tr (HEDJ), Mead Johnson Nutrition Co (MJN), Ecolab Inc (ECL), Cognizant Technology Solutio (CTSH), Lauder Estee Cos Inc (EL), Jacobs Engr Group Inc Del (JEC), Teva Pharmaceutical Inds Ltd (TEVA) and Tripadvisor Inc (TRIP).
Top 10 Q1 2015 Sold Out Completely: Gallagher Arthur J & Co (AJG), Hospira Inc (HSP), Twenty First Centy Fox Inc (FOXA), Bed Bath & Beyond Inc (BBBY), Ensco Plc (ESV), Hewlett Packard Co (HPQ), Pall Corp (PLL), Scripps Networks Interact In (SNI), Bhp Billiton Ltd (BHP) and Oneok Inc New (OKE).
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Download the full 13F form in CSV: Q1-2015-Brown-Advisory-Securities-Llc-13F-Portfolio-Stock-Holdings.csv
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Brown Advisory Securities Llc – website
13F Filing Link: 000108514615001363
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