Azimuth Capital Management LLC

CIK

1352512

Location

BLOOMFIELD HILLS, MI

Portfolio Value

Mid $1,803,111,029

Diversification

Diversified

Filing Date

Global Rank

#957 / 6,760 ▲ 6

Top Industry

Drug Manufacturers - General 7.3%

3Y Alpha vs SPY

-8.1%

Period ended 4 years ago

Filed May 13, 2022 · 4y

9 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 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

+76.3%

Annualised alpha

-8.1%

Max drawdown

−15.8%

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

245 positions · as of Mar 31, 2022 · Δ vs Dec 31, 2021

Top Position

4.1%

+0.0 pts

Top 5

13.1%

+0.1 pts

Top 10

21.0%

+0.9 pts

HHI

108

Diversified−1

Portfolio Trend

9 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2022

Sector	% Portfolio	Value	Positions
Technology	24.9%	$449,093,215	40
Healthcare	21.5%	$387,688,232	37
Financial Services	11.3%	$203,707,524	35
Industrials	10.8%	$194,450,827	35
Consumer Defensive	8.7%	$156,222,389	24
Consumer Cyclical	6.4%	$115,114,975	21
Energy	6.3%	$113,207,306	13
Communication Services	4.3%	$77,699,634	9
Basic Materials	2.8%	$49,752,716	10
Real Estate	2.0%	$35,829,586	6
Utilities	1.1%	$19,547,496	13
Unclassified	0.0%	$797,129	2

Last Quarter's Activity

Export CSV

Mar 31, 2022 vs Dec 31, 2021

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CDNA	CareDx, Inc.	+157,990	198,681	$7,349,210
BAX	Baxter International Inc	+96,201	179,212	$13,896,098
INTC	Intel Corp	+76,195	387,740	$19,216,394
ENPH	Enphase Energy, Inc.	+65,805	144,803	$29,218,349
V	Visa Inc.	+49,859	125,860	$27,911,972
TTD	Trade Desk, Inc.	+42,188	208,375	$14,429,968
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+40,645	118,075	$12,310,499
NEM	NEWMONT Corp /DE/	+37,710	51,670	$4,105,181
GILD	Gilead Sciences, Inc.	+32,944	124,820	$7,420,549
CNI	Canadian National Railway Co	+28,910	102,790	$13,788,250
IRM	Iron Mountain Inc	+24,820	114,160	$6,325,605
WDAY	Workday, Inc.	+22,768	66,399	$15,899,904
NVDA	Nvidia Corp	+20,381	122,505	$3,342,671
ZS	Zscaler, Inc.	+19,958	101,266	$24,433,460
AMGN	Amgen Inc	+17,965	24,534	$5,932,811
IDXX	Idexx Laboratories Inc /De	+17,265	33,769	$18,473,669
KMI	Kinder Morgan, Inc.	+17,087	306,543	$5,796,728
GSBD	Goldman Sachs BDC, Inc.	+16,482	258,911	$5,077,244
CCOI	Cogent Communications Holdings, Inc.	+15,303	94,230	$6,252,160
NOW	ServiceNow, Inc.	+10,727	43,559	$4,851,514
VTRS	Viatris Inc	+10,000	65,000	$707,200
KHC	Kraft Heinz Co	+8,172	158,600	$6,247,254
IP	International Paper Co /New/	+7,924	105,441	$4,866,102
VZ	Verizon Communications Inc	+7,811	235,407	$11,991,632
TRNO	Terreno Realty Corp	+6,570	110,410	$8,175,860
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
FHN	First Horizon Corp	−270,707	227,550	$5,345,149
AOS	Smith A O Corp	−94,447	125,595	$8,024,264
GGG	Graco Inc	−91,848	126,640	$8,829,340
SLB	Slb Limited/Nv	−59,940	804,611	$33,238,480
GM	General Motors Co	−51,614	5,815	$254,348
A	Agilent Technologies, Inc.	−43,799	64,391	$8,520,861
ISRG	Intuitive Surgical Inc	−23,918	37,048	$11,176,640
SHW	Sherwin Williams Co	−22,857	32,073	$8,006,062
WST	West Pharmaceutical Services Inc	−22,101	25,497	$10,471,872
META	Meta Platforms, Inc.	−20,312	46,125	$10,256,355
T	At&T Inc.	−17,940	212,526	$3,793,036
GPN	Global Payments Inc	−12,185	56,203	$7,690,818
CMCSA	Comcast Corp	−11,920	193,275	$8,480,907
MRSH	Marsh & Mclennan Companies, Inc.	−11,880	97,050	$16,539,261
TYL	Tyler Technologies Inc	−10,430	20,505	$9,122,469
MGA	Magna International Inc	−8,340	132,950	$8,550,014
XOM	Exxon Mobil Corp	−8,040	386,574	$31,927,146
PANW	Palo Alto Networks Inc	−7,769	43,786	$4,542,871
BMY	Bristol Myers Squibb Co	−5,142	142,877	$10,434,307
ABBV	AbbVie Inc.	−4,085	109,361	$17,728,511
C	Citigroup Inc	−3,920	69,198	$3,695,173
APH	Amphenol Corp /De/	−3,715	286,829	$10,806,282
WMT	Walmart Inc.	−3,618	129,867	$6,446,597
AAPL	Apple Inc.	−3,537	418,224	$73,026,092
CVX	Chevron Corp	−3,077	137,470	$22,384,240
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
BNY	Bank of New York Mellon Corp	382,325	$18,974,789
CDW	CDW Corp	45,985	$8,226,256
SHEL	Shell plc	83,945	$4,611,098
ETN	Eaton Corp plc	5,845	$887,037
MDT	Medtronic plc	4,415	$489,844
HAL	Halliburton Co	6,729	$254,827
DAL	Delta Air Lines, Inc.	5,600	$221,592
TROW	Price T Rowe Group Inc	1,400	$211,666
PSX	Phillips 66	2,429	$209,841
IHG	Intercontinental Hotels Group PLC /New/	3,000	$206,460
SRE	Sempra	1,350	$113,481
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
R	Ryder System Inc	62,029	$5,113,050
MASI	Masimo Corp	800	$234,224
EQIX	Equinix Inc	252	$213,151
BWA	Borgwarner Inc	5,052	$200,434
PVL	Permianville Royalty Trust	33,500	$70,685
NFLX	Netflix Inc	411	$24,760
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

245 positions · $1,803,111,029 total · as of Mar 31, 2022

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

Showing 1–50 of 245 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	418,224	-3,537	$73,026,092	−2.5%	4.05%
MSFT	Microsoft Corp Technology	Reduced	206,397	-704	$63,634,259	−8.6%	3.53%
PEP	Pepsico Inc Consumer Defensive	Reduced	201,292	-2,820	$33,692,254	−5.0%	1.87%
SLB	Slb Limited/Nv Energy	Reduced	804,611	-59,940	$33,238,480	+28.4%	1.84%
XOM	Exxon Mobil Corp Energy	Reduced	386,574	-8,040	$31,927,146	+32.2%	1.77%
JNJ	Johnson & Johnson Healthcare	Added	165,372	+74	$29,308,879	+3.6%	1.63%
ENPH	Enphase Energy, Inc. Technology	Added	144,803	+65,805	$29,218,349	+102.2%	1.62%
CB	Chubb Ltd Financial Services	Added	134,868	+955	$28,848,265	+11.4%	1.60%
UNH	Unitedhealth Group Inc Healthcare	Added	55,964	+31	$28,539,961	+1.6%	1.58%
PFE	Pfizer Inc Healthcare	Reduced	540,394	-1,808	$27,976,197	−12.6%	1.55%
V	Visa Inc. Financial Services	Added	125,860	+49,859	$27,911,972	+69.5%	1.55%
UNP	Union Pacific Corp Industrials	Reduced	98,286	-199	$26,852,718	+8.2%	1.49%
MPWR	Monolithic Power Systems Inc Technology	Added	53,317	+1,764	$25,895,000	+1.8%	1.44%
CVS	CVS HEALTH Corp Healthcare	Added	251,637	+2,482	$25,468,180	−0.9%	1.41%
ZS	Zscaler, Inc. Technology	Added	101,266	+19,958	$24,433,460	−6.5%	1.36%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	41,754	+202	$24,044,040	+1.9%	1.33%
CVX	Chevron Corp Energy	Reduced	137,470	-3,077	$22,384,240	+35.7%	1.24%
GD	General Dynamics Corp Industrials	Added	88,703	+1,952	$21,393,389	+18.3%	1.19%
IBM	International Business Machines Corp Technology	Added	163,091	+1,706	$21,205,091	−1.7%	1.18%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	150,160	-1,148	$20,469,811	−14.6%	1.14%
ACN	Accenture plc Technology	Added	58,271	+912	$19,650,729	−17.4%	1.09%
INTC	Intel Corp Technology	Added	387,740	+76,195	$19,216,394	+19.8%	1.07%
BNY	Bank of New York Mellon Corp Financial Services	NEW	382,325	NEW	$18,974,789	NEW	1.05%
IDXX	Idexx Laboratories Inc /De Healthcare	Added	33,769	+17,265	$18,473,669	+70.0%	1.02%
LLY	ELI LILLY & Co Healthcare	Reduced	62,637	-1,093	$17,937,357	+1.9%	0.99%
LULU	lululemon athletica inc. Consumer Cyclical	Added	48,952	+634	$17,878,738	−5.5%	0.99%
ABBV	AbbVie Inc. Healthcare	Reduced	109,361	-4,085	$17,728,511	+15.4%	0.98%
RSG	Republic Services, Inc. Industrials	Added	132,953	+437	$17,616,272	−4.7%	0.98%
ABT	Abbott Laboratories Healthcare	Reduced	143,907	-981	$17,032,832	−16.5%	0.94%
ZTS	Zoetis Inc. Healthcare	Added	89,706	+826	$16,917,654	−22.0%	0.94%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	97,050	-11,880	$16,539,261	−12.6%	0.92%
RMD	Resmed Inc Healthcare	Added	66,094	+140	$16,028,455	−6.7%	0.89%
NKE	NIKE, Inc. Consumer Cyclical	Added	118,382	+215	$15,929,481	−19.1%	0.88%
WDAY	Workday, Inc. Technology	Added	66,399	+22,768	$15,899,904	+33.4%	0.88%
EL	Estee Lauder Companies Inc Consumer Defensive	Added	56,939	+202	$15,505,628	−26.2%	0.86%
MLM	Martin Marietta Materials Inc Basic Materials	Added	39,819	+942	$15,325,934	−10.5%	0.85%
DIS	Walt Disney Co Communication Services	Added	110,020	+1,056	$15,090,343	−10.6%	0.84%
MRK	Merck & Co., Inc. Healthcare	Reduced	182,988	-1,531	$15,014,165	+6.2%	0.83%
PEN	Penumbra Inc Healthcare	Added	67,323	+1,051	$14,954,457	−21.5%	0.83%
HD	Home Depot, Inc. Consumer Cyclical	Added	49,793	+680	$14,904,538	−26.9%	0.83%
CRM	Salesforce, Inc. Technology	Added	68,975	+1,673	$14,644,772	−14.4%	0.81%
SYK	Stryker Corp Healthcare	Reduced	54,616	-221	$14,601,587	−0.4%	0.81%
TTD	Trade Desk, Inc. Communication Services	Added	208,375	+42,188	$14,429,968	−5.2%	0.80%
BAX	Baxter International Inc Healthcare	Added	179,212	+96,201	$13,896,098	+95.0%	0.77%
CNI	Canadian National Railway Co Industrials	Added	102,790	+28,910	$13,788,250	+51.9%	0.76%
DEO	Diageo PLC Consumer Defensive	Reduced	65,687	-810	$13,343,657	−8.8%	0.74%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	86,387	-1,210	$13,199,933	−7.9%	0.73%
EPAM	EPAM Systems, Inc. Technology	Reduced	44,134	-954	$13,090,585	−56.6%	0.73%
EMR	Emerson Electric Co Industrials	Reduced	128,060	-2,091	$12,556,283	+3.8%	0.70%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	118,075	+40,645	$12,310,499	+32.1%	0.68%