Veritable, L.P.

CIK

1300311

Location

Newtown Square, PA

Portfolio Value

Mid $2,995,299,616

Diversification

Moderately concentrated

Filing Date

Global Rank

#701 / 6,901 ▲ 8 · as of Jun 2023

Top Industry

Consumer Electronics 8.9%

3Y Alpha vs SPY

-3.4%

Period ended 3 years ago

Filed Aug 9, 2023 · 2y

14 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

+61.2%

SPY

+76.5%

Annualised alpha

-3.6%

Max drawdown

−17.7%

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

649 positions · as of Jun 30, 2023 · Δ vs Mar 31, 2023

Top Position

35.2%

+0.6 pts

Top 5

60.2%

+1.1 pts

Top 10

65.8%

+1.3 pts

HHI

1,522

Moderately concentrated+40

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2023

Sector	% Portfolio	Value	Positions
Unclassified	51.4%	$1,538,521,809	9
Technology	11.9%	$356,921,850	93
Financial Services	8.1%	$243,851,680	106
Healthcare	6.6%	$196,898,943	73
Consumer Defensive	5.0%	$150,907,368	38
Consumer Cyclical	4.6%	$137,117,154	70
Industrials	4.0%	$120,723,617	100
Communication Services	3.2%	$95,269,181	23
Energy	1.8%	$54,206,241	33
Basic Materials	1.5%	$43,698,073	30
Utilities	1.1%	$32,049,810	38
Real Estate	0.8%	$25,133,890	36

Last Quarter's Activity

Export CSV

Jun 30, 2023 vs Mar 31, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BMY	Bristol Myers Squibb Co	+49,997	129,154	$8,259,398
F	Ford Motor Co	+43,504	222,038	$3,359,434
BTT	BlackRock Municipal 2030 Target Term Trust	+41,073	232,375	$4,828,752
PG	PROCTER & GAMBLE Co	+31,702	357,351	$54,224,440
WU	Western Union CO	+10,188	39,334	$461,387
CTRA	Coterra Energy Inc.	+9,559	36,954	$934,936
BRK-B	Berkshire Hathaway Inc	+7,114	186,277	$63,520,457
AES	Aes Corp	+5,974	27,639	$572,956
BX	Blackstone Inc.	+5,367	19,664	$1,828,162
CWEN	Clearway Energy, Inc.	+4,412	13,732	$392,185
NEE	Nextera Energy Inc	+4,356	90,752	$6,733,798
ET	Energy Transfer LP	+4,156	177,458	$2,253,716
NNN	Nnn REIT, Inc.	+4,115	12,307	$526,616
WFC	Wells Fargo & Company/Mn	+4,072	63,647	$2,716,453
ELAN	Elanco Animal Health Inc	+3,911	26,022	$261,781
UPS	United Parcel Service Inc	+3,837	26,216	$4,699,218
RPM	Rpm International Inc/De/	+3,031	8,430	$756,423
KIM	Kimco Realty Corp	+2,973	26,189	$516,447
SGI	Somnigroup International Inc.	+2,847	15,640	$626,694
LUMN	Lumen Technologies, Inc.	+2,609	16,997	$38,413
FITB	Fifth Third Bancorp	+2,441	29,899	$783,652
ZBH	Zimmer Biomet Holdings, Inc.	+2,268	10,478	$1,525,596
CVS	CVS HEALTH Corp	+1,929	48,224	$3,333,725
DUK	Duke Energy CORP	+1,888	24,371	$2,187,053
GBDC	GOLUB CAPITAL BDC, Inc.	+1,748	408,731	$5,517,868
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SG	Sweetgreen, Inc.	−53,525	694,102	$8,898,387
AMZN	Amazon Com Inc	−30,740	238,844	$31,135,703
AAPL	Apple Inc.	−27,728	666,630	$129,306,221
T	At&T Inc.	−27,049	170,066	$2,712,552
TSLA	Tesla, Inc.	−25,720	44,455	$11,636,985
VZ	Verizon Communications Inc	−17,903	120,844	$4,494,188
USB	US Bancorp De	−16,937	70,796	$2,339,099
SPY	Spdr S&P 500 ETF Trust	−16,018	2,375,484	$1,053,004,547
IBM	International Business Machines Corp	−14,608	37,558	$5,025,635
INTC	Intel Corp	−12,512	154,344	$5,161,263
HBAN	Huntington Bancshares Inc /Md/	−11,983	29,129	$314,010
CSCO	Cisco Systems, Inc.	−11,508	258,894	$13,395,175
CMCSA	Comcast Corp	−9,381	859,881	$33,484,626
KEY	Keycorp /New/	−9,378	34,122	$315,287
NQP	NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND	−8,758	32,500	$365,300
OPEN	Opendoor Technologies Inc.	−7,382	13,990	$56,239
KO	Coca Cola Co	−7,301	241,804	$14,561,436
SCHW	Schwab Charles Corp	−7,262	47,630	$2,699,668
NKE	NIKE, Inc.	−7,072	47,429	$5,234,738
PFE	Pfizer Inc	−6,217	244,415	$8,965,142
BAC	Bank Of America Corp /De/	−6,190	240,925	$6,912,138
EBAY	Ebay Inc	−5,909	17,691	$790,610
PM	Philip Morris International Inc.	−5,415	127,292	$12,426,245
TXN	Texas Instruments Inc	−5,016	31,815	$5,727,336
MDY	Spdr S&P Midcap 400 ETF Trust	−4,967	966,257	$462,750,139
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CP	Canadian Pacific Kansas City Ltd/Cn	23,434	$1,892,764
WAL	Western Alliance Bancorporation	10,304	$375,786
ARHS	Arhaus, Inc.	34,920	$364,215
AVTR	Avantor, Inc.	14,350	$294,749
MSA	MSA Safety Inc	1,580	$274,856
CSGP	Costar Group, Inc.	3,011	$267,979
DELL	Dell Technologies Inc.	4,766	$257,888
VMI	Valmont Industries Inc	880	$256,124
PNW	Pinnacle West Capital Corp	3,127	$254,725
DMLP	Dorchester Minerals, L.P.	8,480	$254,060
USFD	US Foods Holding Corp.	5,635	$247,940
EQT	EQT Corp	5,886	$242,091
SBR	Sabine Royalty Trust	3,617	$238,504
LAD	Lithia Motors Inc	783	$238,118
OC	Owens Corning	1,821	$237,640
SNOW	Snowflake Inc.	1,283	$225,782
GATX	Gatx Corp	1,753	$225,681
AN	Autonation, Inc.	1,355	$223,046
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc	3,202	$206,304
GSK	GSK plc	5,686	$202,649
OMCL	Omnicell, Inc.	2,725	$200,750
FLEX	Flex Ltd.	8,469	$176,399
SLM	SLM Corp	10,278	$167,736
ARMK	Aramark	4,783	$148,669
ASX	ASE Technology Holding Co., Ltd.	12,323	$95,996
No positions match the current search.

Sold Out

Positions the filer fully exited

24 positions

Ticker	Company	Shares	Value
BSY	Bentley Systems Inc	12,235	$525,982
CFG	Citizens Financial Group Inc/Ri	10,803	$328,087
AXON	Axon Enterprise, Inc.	1,366	$307,145
FHN	First Horizon Corp	17,072	$303,540
AAP	Advance Auto Parts Inc	2,282	$277,514
AA	Alcoa Corp	6,322	$269,064
EPAM	EPAM Systems, Inc.	874	$261,326
BJ	BJ's Wholesale Club Holdings, Inc.	3,418	$260,007
SIG	Signet Jewelers Ltd	3,335	$259,396
WBS	Webster Financial Corp	6,564	$258,752
ZION	Zions Bancorporation, National Association /Ut/	8,495	$254,255
FLO	Flowers Foods Inc	8,537	$233,999
JEF	Jefferies Financial Group Inc.	7,255	$230,273
WFG	West Fraser Timber Co., Ltd	3,077	$219,205
CYRX	Cryoport, Inc.	8,995	$215,880
REXR	Rexford Industrial Realty, Inc.	3,586	$213,904
SMG	Scotts Miracle-Gro Co	2,965	$206,779
JLL	Jones Lang Lasalle Inc	1,420	$206,595
PODD	Insulet Corp	642	$204,772
HASI	HA Sustainable Infrastructure Capital, Inc.	7,117	$203,546
CBSH	Commerce Bancshares Inc /Mo/	3,678	$185,389
BNL	Broadstone Net Lease, Inc.	10,144	$172,549
LMND	Lemonade, Inc.	10,000	$142,600
MPT	Medical Properties Trust Inc	10,281	$84,509
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

649 positions · $2,995,299,616 total · as of Jun 30, 2023

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

Showing 1–50 of 649 positions by value · page 1 of 13

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	2,375,484	-16,018	$1,053,004,547	+7.6%	35.16%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	966,257	-4,967	$462,750,139	+3.9%	15.45%
AAPL	Apple Inc. Technology	Reduced	666,630	-27,728	$129,306,221	+12.9%	4.32%
MSFT	Microsoft Corp Technology	Reduced	277,749	-4,067	$94,584,644	+16.4%	3.16%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	186,277	+7,114	$63,520,457	+14.8%	2.12%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	357,351	+31,702	$54,224,440	+12.0%	1.81%
CMCSA	Comcast Corp Communication Services	Reduced	859,881	-9,381	$33,484,626	+8.4%	1.12%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	238,844	-30,740	$31,135,703	+11.8%	1.04%
JNJ	Johnson & Johnson Healthcare	Added	150,154	+209	$24,853,490	+6.9%	0.83%
JPM	Jpmorgan Chase & Co Financial Services	Added	168,916	+775	$24,567,143	+12.1%	0.82%
MA	Mastercard Inc Financial Services	Reduced	58,224	-2,602	$22,899,499	+3.6%	0.76%
GOOGL	Alphabet Inc. Communication Services	Reduced	182,166	-528	$21,805,270	+15.1%	0.73%
MRK	Merck & Co., Inc. Healthcare	Reduced	150,041	-1,480	$17,313,230	+7.4%	0.58%
PEP	Pepsico Inc Consumer Defensive	Reduced	90,422	-2,811	$16,747,962	−1.5%	0.56%
HD	Home Depot, Inc. Consumer Cyclical	Added	52,823	+146	$16,408,936	+5.6%	0.55%
ABBV	AbbVie Inc. Healthcare	Added	115,021	+624	$15,496,779	−15.0%	0.52%
CVX	Chevron Corp Energy	Added	97,884	+413	$15,402,047	−3.2%	0.51%
V	Visa Inc. Financial Services	Reduced	63,267	-1,228	$15,024,647	+3.3%	0.50%
META	Meta Platforms, Inc. Communication Services	Added	51,055	+730	$14,651,763	+37.4%	0.49%
KO	Coca Cola Co Consumer Defensive	Reduced	241,804	-7,301	$14,561,436	−5.8%	0.49%
CSCO	Cisco Systems, Inc. Technology	Reduced	258,894	-11,508	$13,395,175	−5.2%	0.45%
UNH	Unitedhealth Group Inc Healthcare	Reduced	27,455	-108	$13,195,971	+1.3%	0.44%
LLY	ELI LILLY & Co Healthcare	Added	26,651	+400	$12,498,785	+38.6%	0.42%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	127,292	-5,415	$12,426,245	−3.7%	0.41%
CB	Chubb Ltd Financial Services	Added	62,998	+306	$12,130,894	−0.4%	0.40%
QQQ	Invesco Qqq Trust, Series 1	Reduced	32,620	-1,241	$12,050,480	+10.9%	0.40%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	44,455	-25,720	$11,636,985	−20.1%	0.39%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	38,260	-1,022	$11,417,166	+3.9%	0.38%
ABT	Abbott Laboratories Healthcare	Reduced	101,709	-1,257	$11,088,315	+6.3%	0.37%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	16,957	-332	$9,129,309	+6.3%	0.30%
PFE	Pfizer Inc Healthcare	Reduced	244,415	-6,217	$8,965,142	−12.3%	0.30%
SG	Sweetgreen, Inc. Consumer Cyclical	Reduced	694,102	-53,525	$8,898,387	+51.8%	0.30%
ORCL	Oracle Corp Technology	Reduced	71,643	-2,917	$8,531,964	+23.1%	0.28%
ADBE	Adobe Inc. Technology	Reduced	17,109	-541	$8,366,129	+23.0%	0.28%
BMY	Bristol Myers Squibb Co Healthcare	Added	129,154	+49,997	$8,259,398	+50.5%	0.28%
RTX	RTX Corp Industrials	Reduced	80,262	-95	$7,862,465	−0.1%	0.26%
DIS	Walt Disney Co Communication Services	Reduced	79,773	-2,229	$7,122,133	−13.3%	0.24%
AMGN	Amgen Inc Healthcare	Reduced	31,930	-659	$7,089,098	−10.0%	0.24%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	15,062	-1,305	$6,953,974	+19.7%	0.23%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	240,925	-6,190	$6,912,138	−2.2%	0.23%
NEE	Nextera Energy Inc Utilities	Added	90,752	+4,356	$6,733,798	+1.1%	0.22%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	12,725	-196	$6,639,268	−10.8%	0.22%
ADP	Automatic Data Processing Inc Technology	Reduced	28,461	-230	$6,255,443	−2.1%	0.21%
CAT	Caterpillar Inc Industrials	Reduced	25,354	-373	$6,238,351	+6.0%	0.21%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	62,768	-612	$6,217,798	−5.8%	0.21%
AMAT	Applied Materials Inc /De Technology	Reduced	42,131	-3,672	$6,089,614	+8.2%	0.20%
UNP	Union Pacific Corp Industrials	Reduced	29,648	-446	$6,066,573	+0.2%	0.20%
GLD	Spdr Gold Trust	Reduced	32,896	-100	$5,864,369	−3.0%	0.20%
ACN	Accenture plc Technology	Reduced	18,761	-1,518	$5,789,269	−0.1%	0.19%
TXN	Texas Instruments Inc Technology	Reduced	31,815	-5,016	$5,727,336	−16.4%	0.19%