Morningstar Investment Services LLC

CIK

1478215

Location

Chicago, IL

Portfolio Value

Small $246,260,999

Diversification

Diversified

Filing Date

Global Rank

#3,424 / 7,982 ▼ 1087

Top Industry

Banks - Diversified 7.2%

3Y Alpha vs SPY

-7.4%

Period ended 1 year ago

Filed May 5, 2025 · 1y

21 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

+47.8%

SPY

+78.1%

Annualised alpha

-7.3%

Max drawdown

−14.7%

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

94 positions · as of Mar 31, 2025 · Δ vs Dec 31, 2024

Top Position

4.2%

−0.3 pts

Top 5

18.3%

−0.4 pts

Top 10

31.8%

−0.7 pts

HHI

189

Diversified−7

Portfolio Trend

21 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2025

Sector	% Portfolio	Value	Positions
Financial Services	21.2%	$52,210,767	14
Technology	16.6%	$40,953,560	17
Healthcare	15.9%	$39,220,927	19
Consumer Cyclical	13.0%	$31,955,878	11
Communication Services	11.8%	$29,013,007	8
Consumer Defensive	5.8%	$14,182,929	6
Energy	4.8%	$11,750,606	5
Utilities	2.9%	$7,253,474	4
Industrials	2.8%	$7,002,436	5
Basic Materials	2.1%	$5,270,128	2
Real Estate	1.8%	$4,330,714	2
Unclassified	1.3%	$3,116,573	1

Last Quarter's Activity

Export CSV

Mar 31, 2025 vs Dec 31, 2024

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
LYG	Lloyds Banking Group plc	−577,769	435,473	$1,663,506
CMCSA	Comcast Corp	−141,740	138,002	$4,772,509
SCHW	Schwab Charles Corp	−131,896	105,850	$8,285,938
ENB	Enbridge Inc	−96,515	82,024	$3,634,483
WFC	Wells Fargo & Company/Mn	−92,733	84,523	$6,067,906
KMX	Carmax Inc	−86,117	70,668	$5,506,450
SBUX	Starbucks Corp	−73,659	51,808	$5,081,846
GSK	GSK plc	−65,979	55,546	$2,151,852
PFE	Pfizer Inc	−61,101	52,792	$1,337,749
GOOGL	Alphabet Inc.	−52,203	34,683	$5,363,379
DIS	Walt Disney Co	−50,581	35,485	$3,502,369
MDT	Medtronic plc	−49,830	46,699	$4,196,372
TFC	Truist Financial Corp	−49,336	38,963	$1,603,327
AMZN	Amazon Com Inc	−47,111	32,222	$6,130,557
PM	Philip Morris International Inc.	−45,034	45,585	$7,235,707
ETR	Entergy Corp /De/	−43,531	34,190	$2,922,903
PAGP	Plains Gp Holdings LP	−42,830	32,347	$690,931
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−40,684	27,663	$4,592,058
EBAY	Ebay Inc	−40,057	37,724	$2,555,046
XOM	Exxon Mobil Corp	−37,480	34,363	$4,086,791
DEO	Diageo PLC	−36,698	25,758	$2,699,180
SNY	Sanofi	−35,178	39,670	$2,200,098
VZ	Verizon Communications Inc	−34,585	33,319	$1,511,349
KO	Coca Cola Co	−33,722	26,740	$1,915,118
IQV	Iqvia Holdings Inc.	−32,336	22,343	$3,939,070
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
CASY	Caseys General Stores Inc	931	$404,091
No positions match the current search.

Sold Out

Positions the filer fully exited

12 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	2,823	$1,654,503
EXPE	Expedia Group, Inc.	1,954	$364,088
MAS	Masco Corp /De/	4,511	$327,363
ZBH	Zimmer Biomet Holdings, Inc.	2,735	$288,898
TIGO	Millicom International Cellular SA	10,639	$266,081
ACN	Accenture plc	671	$236,051
FTRE	Fortrea Holdings Inc.	12,347	$230,271
PNC	Pnc Financial Services Group, Inc.	1,174	$226,405
AVGO	Broadcom Inc.	968	$224,421
HBAN	Huntington Bancshares Inc /Md/	12,688	$206,433
CMP	Compass Minerals International Inc	13,980	$157,275
ABEV	Ambev S.A.	61,585	$113,932
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

94 positions · $246,260,999 total · as of Mar 31, 2025

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

Showing 1–50 of 94 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
META	Meta Platforms, Inc. Communication Services	Reduced	18,028	-23,900	$10,390,618	−57.7%	4.22%
MSFT	Microsoft Corp Technology	Reduced	24,172	-22,171	$9,073,927	−53.5%	3.68%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	1,918	-2,446	$8,836,053	−59.2%	3.59%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	16,077	-18,625	$8,562,288	−45.6%	3.48%
SCHW	Schwab Charles Corp Financial Services	Reduced	105,850	-131,896	$8,285,938	−52.9%	3.36%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	45,585	-45,034	$7,235,707	−33.7%	2.94%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	29,387	-31,503	$7,208,631	−50.6%	2.93%
V	Visa Inc. Financial Services	Reduced	18,623	-24,520	$6,526,616	−52.1%	2.65%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	32,222	-47,111	$6,130,557	−64.8%	2.49%
ELV	Elevance Health, Inc. Healthcare	Reduced	13,982	-15,763	$6,081,610	−44.6%	2.47%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	84,523	-92,733	$6,067,906	−51.3%	2.46%
KMX	Carmax Inc Consumer Cyclical	Reduced	70,668	-86,117	$5,506,450	−57.0%	2.24%
GOOGL	Alphabet Inc. Communication Services	Reduced	34,683	-52,203	$5,363,379	−67.4%	2.18%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	51,808	-73,659	$5,081,846	−55.6%	2.06%
MA	Mastercard Inc Financial Services	Reduced	9,175	-13,744	$5,029,001	−58.3%	2.04%
CMCSA	Comcast Corp Communication Services	Reduced	138,002	-141,740	$4,772,509	−51.5%	1.94%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	27,663	-40,684	$4,592,058	−66.0%	1.86%
MDT	Medtronic plc Healthcare	Reduced	46,699	-49,830	$4,196,372	−45.6%	1.70%
XOM	Exxon Mobil Corp Energy	Reduced	34,363	-37,480	$4,086,791	−47.1%	1.66%
CHKP	Check Point Software Technologies Ltd Technology	Reduced	17,813	-26,917	$4,059,938	−51.4%	1.65%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	13,422	-19,022	$3,958,416	−57.9%	1.61%
IQV	Iqvia Holdings Inc. Healthcare	Reduced	22,343	-32,336	$3,939,070	−63.3%	1.60%
BDX	Becton Dickinson & Co Healthcare	Reduced	21,282	-21,693	$3,832,432	−50.0%	1.56%
ENB	Enbridge Inc Energy	Reduced	82,024	-96,515	$3,634,483	−52.0%	1.48%
COR	Cencora, Inc. Healthcare	Reduced	12,787	-18,829	$3,555,936	−49.9%	1.44%
DIS	Walt Disney Co Communication Services	Reduced	35,485	-50,581	$3,502,369	−63.5%	1.42%
FISV	Fiserv Inc	Reduced	14,113	-19,462	$3,116,573	−54.8%	1.27%
ORCL	Oracle Corp Technology	Reduced	21,118	-30,265	$2,952,507	−65.5%	1.20%
ETR	Entergy Corp /De/ Utilities	Reduced	34,190	-43,531	$2,922,903	−50.4%	1.19%
QCOM	Qualcomm Inc/De Technology	Reduced	18,601	-25,833	$2,857,299	−58.1%	1.16%
CRM	Salesforce, Inc. Technology	Reduced	10,348	-15,403	$2,776,989	−67.7%	1.13%
COP	Conocophillips Energy	Reduced	25,988	-11,438	$2,729,259	−26.5%	1.11%
ADBE	Adobe Inc. Technology	Reduced	7,066	-9,896	$2,710,022	−64.1%	1.10%
DEO	Diageo PLC Consumer Defensive	Reduced	25,758	-36,698	$2,699,180	−66.0%	1.10%
EBAY	Ebay Inc Consumer Cyclical	Reduced	37,724	-40,057	$2,555,046	−47.0%	1.04%
AMAT	Applied Materials Inc /De Technology	Reduced	16,600	-9,218	$2,408,992	−42.6%	0.98%
ADSK	Autodesk, Inc. Technology	Reduced	9,122	-13,609	$2,388,139	−64.5%	0.97%
BNY	Bank of New York Mellon Corp Financial Services	Reduced	28,472	-28,384	$2,387,946	−45.3%	0.97%
GD	General Dynamics Corp Industrials	Reduced	8,752	-4,235	$2,385,620	−30.3%	0.97%
BLK	BlackRock, Inc. Financial Services	Reduced	2,514	-3,012	$2,379,450	−58.0%	0.97%
NVS	Novartis AG Healthcare	Reduced	20,997	-18,739	$2,340,745	−39.5%	0.95%
OMC	Omnicom Group Inc. Communication Services	Reduced	28,135	-31,176	$2,332,672	−54.3%	0.95%
LAMR	Lamar Advertising Co/New Real Estate	Reduced	19,496	-24,478	$2,218,254	−58.6%	0.90%
SNY	Sanofi Healthcare	Reduced	39,670	-35,178	$2,200,098	−39.1%	0.89%
GSK	GSK plc Healthcare	Reduced	55,546	-65,979	$2,151,852	−47.6%	0.87%
ADI	Analog Devices Inc Technology	Reduced	10,599	-9,772	$2,137,500	−50.6%	0.87%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	9,708	-11,262	$2,112,460	−45.1%	0.86%
UNH	Unitedhealth Group Inc Healthcare	Reduced	3,904	-5,945	$2,044,720	−59.0%	0.83%
KO	Coca Cola Co Consumer Defensive	Reduced	26,740	-33,722	$1,915,118	−49.1%	0.78%
MCK	Mckesson Corp Healthcare	Reduced	2,829	-2,637	$1,903,888	−38.9%	0.77%