AJO, LP

CIK

1013536

Location

PHILADELPHIA, PA

Portfolio Value

Small $158,232,914

Diversification

Diversified

Filing Date

Global Rank

#3,442 / 5,905 ▼ 2097 · as of Mar 2021

Top Industry

Rental & Leasing Services 13.9%

3Y Alpha vs SPY

+5.0%

Period ended 5 years ago

Filed May 7, 2021 · 5y

5 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+98.7%

SPY

+76.0%

Annualised alpha

+5.0%

Max drawdown

−33.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

32 positions · as of Mar 31, 2021 · Δ vs Dec 31, 2020

Top Position

7.4%

+5.0 pts

Top 5

32.2%

+22.3 pts

Top 10

58.6%

+40.4 pts

HHI

463

Diversified+370

Portfolio Trend

5 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2021

Sector	% Portfolio	Value	Positions
Industrials	22.1%	$34,994,329	8
Consumer Cyclical	20.1%	$31,868,532	6
Technology	17.4%	$27,457,348	5
Energy	13.1%	$20,739,743	5
Communication Services	10.8%	$17,011,480	3
Healthcare	6.2%	$9,798,256	1
Utilities	5.7%	$9,089,818	1
Basic Materials	4.4%	$6,887,270	2
Consumer Defensive	0.2%	$386,138	1

Last Quarter's Activity

Export CSV

Mar 31, 2021 vs Dec 31, 2020

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
VST	Vistra Corp.	+431,400	514,130	$9,089,818
SNX	Td Synnex Corp	+35,220	57,155	$6,563,680
LUMN	Lumen Technologies, Inc.	+23,053	746,637	$9,967,603
EQT	EQT Corp	+2,242	106,802	$1,984,381
CYD	China Yuchai International Ltd	+1,892	28,598	$442,697
No positions match the current search.

Trimmed

Positions the filer reduced

23 positions

Ticker	Company	Δ Shares	Shares	Value
HPQ	Hp Inc	−502,397	99,998	$3,174,936
PUMP	ProPetro Holding Corp.	−136,674	697,271	$7,432,908
TDS	Telephone & Data Systems Inc /De/	−98,176	267,429	$6,140,169
AA	Alcoa Corp	−82,769	62,597	$2,033,776
HCC	Warrior Met Coal, Inc.	−68,932	283,333	$4,853,494
R	Ryder System Inc	−36,589	129,525	$9,798,566
PTEN	Patterson Uti Energy Inc	−31,694	422,735	$3,014,100
F	Ford Motor Co	−29,683	794,161	$9,728,472
HRI	Herc Holdings Inc	−23,295	35,986	$3,646,461
MUR	Murphy Oil Corp	−17,915	360,481	$5,915,493
XRX	Xerox Holdings Corp	−15,723	219,663	$5,331,221
DNOW	DNOW Inc.	−15,715	316,219	$3,190,649
DXC	DXC Technology Co	−13,206	265,745	$8,307,188
SIG	Signet Jewelers Ltd	−9,757	117,069	$6,787,660
THC	Tenet Healthcare Corp	−9,364	188,428	$9,798,256
KSS	KOHLS Corp	−8,492	32,651	$1,946,326
ATRO	Astronics Corp	−8,114	163,276	$2,350,749
CMTL	Comtech Telecommunications Corp /De/	−7,454	45,852	$1,138,963
CAR	Avis Budget Group, Inc.	−7,415	118,691	$8,609,845
DCH	Dauch Corp	−6,453	129,842	$1,254,273
GT	Goodyear Tire & Rubber Co /Oh/	−5,758	666,426	$11,709,104
YELP	Yelp Inc	−1,152	23,172	$903,708
HPE	Hewlett Packard Enterprise Co	−277	525,577	$8,272,581
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
DHT	DHT Holdings, Inc.	403,518	$2,392,861
DAC	Danaos Corp	38,576	$1,913,755
AGRO	Adecoagro S.A.	49,127	$386,138
SBLK	Star Bulk Carriers Corp.	10,428	$153,083
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
VZ	Verizon Communications Inc	339,156	$19,925,415
C	Citigroup Inc	277,200	$17,092,152
JNJ	Johnson & Johnson	98,046	$15,430,479
MS	Morgan Stanley	225,153	$15,429,735
HD	Home Depot, Inc.	57,713	$15,329,727
MU	Micron Technology Inc	190,058	$14,288,560
GS	Goldman Sachs Group Inc	52,276	$13,785,703
BRK-B	Berkshire Hathaway Inc	56,235	$13,039,209
PM	Philip Morris International Inc.	152,083	$12,590,951
EA	Electronic Arts Inc.	85,095	$12,219,642
SYF	Synchrony Financial	343,244	$11,913,999
BNY	Bank of New York Mellon Corp	273,061	$11,588,708
ORCL	Oracle Corp	171,427	$11,089,612
ALLY	Ally Financial Inc.	294,881	$10,515,456
MDT	Medtronic plc	88,609	$10,379,658
CMI	Cummins Inc	44,813	$10,177,032
AMAT	Applied Materials Inc /De	115,957	$10,007,089
MSFT	Microsoft Corp	44,525	$9,903,250
MCK	Mckesson Corp	56,402	$9,809,435
STLD	Steel Dynamics Inc	264,609	$9,756,133
EBAY	Ebay Inc	192,897	$9,693,074
META	Meta Platforms, Inc.	35,193	$9,613,319
MAS	Masco Corp /De/	172,279	$9,463,285
AES	Aes Corp	387,827	$9,113,934
OC	Owens Corning	118,534	$8,980,135
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

32 positions · $158,232,914 total · as of Mar 31, 2021

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GT	Goodyear Tire & Rubber Co /Oh/ Consumer Cyclical	Reduced	666,426	-5,758	$11,709,104	+59.7%	7.40%
LUMN	Lumen Technologies, Inc. Communication Services	Added	746,637	+23,053	$9,967,603	+41.3%	6.30%
R	Ryder System Inc Industrials	Reduced	129,525	-36,589	$9,798,566	−4.5%	6.19%
THC	Tenet Healthcare Corp Healthcare	Reduced	188,428	-9,364	$9,798,256	+24.1%	6.19%
F	Ford Motor Co Consumer Cyclical	Reduced	794,161	-29,683	$9,728,472	+34.3%	6.15%
VST	Vistra Corp. Utilities	Added	514,130	+431,400	$9,089,818	+458.9%	5.74%
CAR	Avis Budget Group, Inc. Industrials	Reduced	118,691	-7,415	$8,609,845	+83.0%	5.44%
DXC	DXC Technology Co Technology	Reduced	265,745	-13,206	$8,307,188	+15.7%	5.25%
HPE	Hewlett Packard Enterprise Co Technology	Reduced	525,577	-277	$8,272,581	+32.8%	5.23%
PUMP	ProPetro Holding Corp. Energy	Reduced	697,271	-136,674	$7,432,908	+20.6%	4.70%
SIG	Signet Jewelers Ltd Consumer Cyclical	Reduced	117,069	-9,757	$6,787,660	+96.3%	4.29%
SNX	Td Synnex Corp Technology	Added	57,155	+35,220	$6,563,680	+267.4%	4.15%
TDS	Telephone & Data Systems Inc /De/ Communication Services	Reduced	267,429	-98,176	$6,140,169	−9.6%	3.88%
MUR	Murphy Oil Corp Energy	Reduced	360,481	-17,915	$5,915,493	+29.2%	3.74%
XRX	Xerox Holdings Corp Industrials	Reduced	219,663	-15,723	$5,331,221	−2.3%	3.37%
HCC	Warrior Met Coal, Inc. Basic Materials	Reduced	283,333	-68,932	$4,853,494	−35.4%	3.07%
HRI	Herc Holdings Inc Industrials	Reduced	35,986	-23,295	$3,646,461	−7.4%	2.30%
DNOW	DNOW Inc. Industrials	Reduced	316,219	-15,715	$3,190,649	+33.9%	2.02%
HPQ	Hp Inc Technology	Reduced	99,998	-502,397	$3,174,936	−78.6%	2.01%
PTEN	Patterson Uti Energy Inc Energy	Reduced	422,735	-31,694	$3,014,100	+26.1%	1.90%
DHT	DHT Holdings, Inc. Energy	NEW	403,518	NEW	$2,392,861	NEW	1.51%
ATRO	Astronics Corp Industrials	Reduced	163,276	-8,114	$2,350,749	+29.9%	1.49%
AA	Alcoa Corp Basic Materials	Reduced	62,597	-82,769	$2,033,776	−39.3%	1.29%
EQT	EQT Corp Energy	Added	106,802	+2,242	$1,984,381	+49.3%	1.25%
KSS	KOHLS Corp Consumer Cyclical	Reduced	32,651	-8,492	$1,946,326	+16.3%	1.23%
DAC	Danaos Corp Industrials	NEW	38,576	NEW	$1,913,755	NEW	1.21%
DCH	Dauch Corp Consumer Cyclical	Reduced	129,842	-6,453	$1,254,273	+10.3%	0.79%
CMTL	Comtech Telecommunications Corp /De/ Technology	Reduced	45,852	-7,454	$1,138,963	+3.3%	0.72%
YELP	Yelp Inc Communication Services	Reduced	23,172	-1,152	$903,708	+13.7%	0.57%
CYD	China Yuchai International Ltd Consumer Cyclical	Added	28,598	+1,892	$442,697	+1.4%	0.28%
AGRO	Adecoagro S.A. Consumer Defensive	NEW	49,127	NEW	$386,138	NEW	0.24%
SBLK	Star Bulk Carriers Corp. Industrials	NEW	10,428	NEW	$153,083	NEW	0.10%