Azimuth Capital Management LLC

CIK

1352512

Location

BLOOMFIELD HILLS, MI

Portfolio Value

Small $449,093,215

Diversification

Diversified

Filing Date

Global Rank

#957 / 6,761 ▲ 6

Top Industry

Drug Manufacturers - General 7.3%

3Y Alpha vs SPY

-8.8%

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

+41.7%

SPY

+76.8%

Annualised alpha

-8.6%

Max drawdown

−15.9%

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

40 positions · $449,093,215 total · Technology only · as of Mar 31, 2022

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
FTNT	Fortinet, Inc. Technology	Held	958	0	$65,477	−4.9%	0.01%
GLW	Corning Inc /Ny Technology	Reduced	5,500	-50	$203,005	−1.8%	0.05%
GLOB	Globant S.A. Technology	Reduced	825	-20	$216,207	−18.5%	0.05%
ROP	Roper Technologies Inc Technology	Added	550	+75	$259,726	+11.2%	0.06%
VSH	Vishay Intertechnology Inc Technology	Held	18,302	0	$358,719	−10.4%	0.08%
ADI	Analog Devices Inc Technology	Reduced	3,487	-24	$575,982	−6.7%	0.13%
FFIV	F5, Inc. Technology	Added	3,030	+125	$633,118	−10.9%	0.14%
ADBE	Adobe Inc. Technology	Added	1,920	+6	$874,790	−19.4%	0.19%
MSI	Motorola Solutions, Inc. Technology	Held	4,265	0	$1,032,983	−10.9%	0.23%
QCOM	Qualcomm Inc/De Technology	Reduced	9,731	-915	$1,487,091	−23.6%	0.33%
MCHP	Microchip Technology Inc Technology	Reduced	20,410	-495	$1,533,607	−15.7%	0.34%
AVGO	Broadcom Inc. Technology	Added	31,386	+649	$1,976,313	−3.4%	0.44%
ORCL	Oracle Corp Technology	Added	25,161	+1,095	$2,081,569	−0.8%	0.46%
NVDA	Nvidia Corp Technology	Added	122,505	+20,381	$3,342,671	+11.3%	0.74%
TXN	Texas Instruments Inc Technology	Reduced	18,235	-318	$3,345,757	−4.3%	0.75%
AMAT	Applied Materials Inc /De Technology	Added	29,405	+855	$3,875,579	−13.7%	0.86%
CHKP	Check Point Software Technologies Ltd Technology	Reduced	30,856	-105	$4,266,150	+18.2%	0.95%
PANW	Palo Alto Networks Inc Technology	Reduced	43,786	-7,769	$4,542,871	−5.0%	1.01%
NOW	ServiceNow, Inc. Technology	Added	43,559	+10,727	$4,851,514	+13.8%	1.08%
PAYX	Paychex Inc Technology	Added	36,712	+1,221	$5,010,086	+3.4%	1.12%
GRMN	Garmin Ltd Technology	Reduced	65,281	-280	$7,742,979	−13.3%	1.72%
CDW	CDW Corp Technology	NEW	45,985	NEW	$8,226,256	NEW	1.83%
ASML	Asml Holding NV Technology	Reduced	13,130	-80	$8,769,920	−16.6%	1.95%
TYL	Tyler Technologies Inc Technology	Reduced	20,505	-10,430	$9,122,469	−45.2%	2.03%
ADP	Automatic Data Processing Inc Technology	Reduced	44,520	-590	$10,130,080	−8.9%	2.26%
EEFT	Euronet Worldwide, Inc. Technology	Added	78,697	+1,695	$10,242,414	+11.6%	2.28%
APH	Amphenol Corp /De/ Technology	Reduced	286,829	-3,715	$10,806,282	−14.9%	2.41%
CSCO	Cisco Systems, Inc. Technology	Reduced	202,555	-785	$11,294,466	−12.3%	2.51%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	118,075	+40,645	$12,310,499	+32.1%	2.74%
EPAM	EPAM Systems, Inc. Technology	Reduced	44,134	-954	$13,090,585	−56.6%	2.91%
CRM	Salesforce, Inc. Technology	Added	68,975	+1,673	$14,644,772	−14.4%	3.26%
WDAY	Workday, Inc. Technology	Added	66,399	+22,768	$15,899,904	+33.4%	3.54%
INTC	Intel Corp Technology	Added	387,740	+76,195	$19,216,394	+19.8%	4.28%
ACN	Accenture plc Technology	Added	58,271	+912	$19,650,729	−17.4%	4.38%
IBM	International Business Machines Corp Technology	Added	163,091	+1,706	$21,205,091	−1.7%	4.72%
ZS	Zscaler, Inc. Technology	Added	101,266	+19,958	$24,433,460	−6.5%	5.44%
MPWR	Monolithic Power Systems Inc Technology	Added	53,317	+1,764	$25,895,000	+1.8%	5.77%
ENPH	Enphase Energy, Inc. Technology	Added	144,803	+65,805	$29,218,349	+102.2%	6.51%
MSFT	Microsoft Corp Technology	Reduced	206,397	-704	$63,634,259	−8.6%	14.17%
AAPL	Apple Inc. Technology	Reduced	418,224	-3,537	$73,026,092	−2.5%	16.26%