PIEDMONT INVESTMENT ADVISORS INC

CIK

1270341

Location

DURHAM, NC

Portfolio Value

Mid $1,926,232,705

Diversification

Diversified

Filing Date

Mar 31, 2020

Global Rank

#591 / 5,303 · as of Mar 2020

Top Industry

Software - Infrastructure 11.4%

3Y Alpha vs SPY

-7.5%

Period ended 6 years ago

Filed May 12, 2020 · 6y

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

+43.0%

SPY

+72.6%

Annualised alpha

-7.3%

Max drawdown

−15.4%

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

675 positions · as of Mar 31, 2020

Top Position

9.3%

of portfolio value

Top 5

18.9%

of portfolio value

Top 10

26.8%

of portfolio value

HHI

155

Diversified

Sector Breakdown

As of Mar 31, 2020

Sector	% Portfolio	Value	Positions
Technology	26.7%	$514,443,592	110
Healthcare	17.9%	$345,641,906	81
Financial Services	13.6%	$261,745,889	91
Industrials	8.4%	$162,361,595	104
Consumer Defensive	7.7%	$148,839,194	43
Consumer Cyclical	7.6%	$145,911,118	86
Communication Services	7.5%	$144,488,831	21
Real Estate	4.4%	$85,050,391	48
Utilities	2.1%	$39,609,334	38
Basic Materials	1.9%	$37,499,848	25
Energy	1.8%	$33,976,022	25
Unclassified	0.3%	$6,664,985	3

Portfolio Positions

Compact Export CSV View 13F filing

675 positions · $1,926,232,705 total · as of Mar 31, 2020

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

Showing 1–50 of 675 positions by value · page 1 of 14

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	First	1,137,309	—	$179,365,002	—	9.31%
META	Meta Platforms, Inc. Communication Services	First	376,398	—	$62,783,186	—	3.26%
V	Visa Inc. Financial Services	First	283,444	—	$45,668,497	—	2.37%
AAPL	Apple Inc. Technology	First	621,918	—	$39,536,882	—	2.05%
UNH	Unitedhealth Group Inc Healthcare	First	144,826	—	$36,116,707	—	1.87%
MRK	Merck & Co., Inc. Healthcare	First	485,008	—	$35,607,347	—	1.85%
MA	Mastercard Inc Financial Services	First	131,853	—	$31,850,410	—	1.65%
PEP	Pepsico Inc Consumer Defensive	First	254,198	—	$30,529,179	—	1.58%
CSCO	Cisco Systems, Inc. Technology	First	700,716	—	$27,545,145	—	1.43%
PG	PROCTER & GAMBLE Co Consumer Defensive	First	245,000	—	$26,950,000	—	1.40%
JNJ	Johnson & Johnson Healthcare	First	200,815	—	$26,332,870	—	1.37%
INTC	Intel Corp Technology	First	418,349	—	$22,641,047	—	1.18%
ADBE	Adobe Inc. Technology	First	61,593	—	$19,601,356	—	1.02%
ABBV	AbbVie Inc. Healthcare	First	242,484	—	$18,474,855	—	0.96%
CMCSA	Comcast Corp Communication Services	First	570,409	—	$18,379,262	—	0.95%
NKE	NIKE, Inc. Consumer Cyclical	First	215,646	—	$17,842,550	—	0.93%
ORCL	Oracle Corp Technology	First	368,347	—	$17,802,210	—	0.92%
AMT	American Tower Corp /Ma/ Real Estate	First	81,408	—	$17,726,592	—	0.92%
AMGN	Amgen Inc Healthcare	First	86,895	—	$17,616,223	—	0.91%
CRM	Salesforce, Inc. Technology	First	111,673	—	$16,078,678	—	0.83%
SPGI	S&P Global Inc. Financial Services	First	68,788	—	$15,947,493	—	0.83%
ACN	Accenture plc Technology	First	92,558	—	$15,111,019	—	0.78%
BMY	Bristol Myers Squibb Co Healthcare	First	267,629	—	$14,917,640	—	0.77%
HD	Home Depot, Inc. Consumer Cyclical	First	76,643	—	$14,310,014	—	0.74%
BAC	Bank Of America Corp /De/ Financial Services	First	659,501	—	$14,001,206	—	0.73%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	First	289,123	—	$13,822,970	—	0.72%
KO	Coca Cola Co Consumer Defensive	First	303,551	—	$13,432,131	—	0.70%
COST	Costco Wholesale Corp /New Consumer Defensive	First	47,031	—	$13,409,949	—	0.70%
IBM	International Business Machines Corp Technology	First	125,515	—	$13,311,066	—	0.69%
JPM	Jpmorgan Chase & Co Financial Services	First	147,115	—	$13,244,763	—	0.69%
PLD	Prologis, Inc. Real Estate	First	161,432	—	$12,974,289	—	0.67%
PFE	Pfizer Inc Healthcare	First	413,582	—	$12,807,683	—	0.66%
MCD	Mcdonalds Corp Consumer Cyclical	First	77,206	—	$12,766,012	—	0.66%
LLY	ELI LILLY & Co Healthcare	First	90,683	—	$12,579,545	—	0.65%
PYPL	PayPal Holdings, Inc. Financial Services	First	125,489	—	$12,014,316	—	0.62%
CHTR	Charter Communications, Inc. /Mo/ Communication Services	First	27,525	—	$12,009,432	—	0.62%
ABT	Abbott Laboratories Healthcare	First	147,540	—	$11,642,381	—	0.60%
QCOM	Qualcomm Inc/De Technology	First	164,406	—	$11,122,065	—	0.58%
SBUX	Starbucks Corp Consumer Cyclical	First	168,426	—	$11,072,325	—	0.57%
APD	Air Products & Chemicals, Inc. Basic Materials	First	55,352	—	$11,048,812	—	0.57%
MDT	Medtronic plc Healthcare	First	122,189	—	$11,019,004	—	0.57%
VZ	Verizon Communications Inc Communication Services	First	201,177	—	$10,809,240	—	0.56%
UNP	Union Pacific Corp Industrials	First	74,338	—	$10,484,631	—	0.54%
BA	Boeing Co Industrials	First	70,189	—	$10,467,987	—	0.54%
TROW	Price T Rowe Group Inc Financial Services	First	106,965	—	$10,445,132	—	0.54%
HON	Honeywell International Inc Industrials	First	78,970	—	$10,443,585	—	0.54%
T	At&T Inc. Communication Services	First	466,796	—	$10,277,260	—	0.53%
ADP	Automatic Data Processing Inc Technology	First	74,774	—	$10,220,110	—	0.53%
TGT	Target Corp Consumer Defensive	First	108,654	—	$10,101,562	—	0.52%
TXN	Texas Instruments Inc Technology	First	100,274	—	$10,020,380	—	0.52%