Ardevora Asset Management LLP

CIK

1608108

Location

LONDON, X0

Portfolio Value

Small $931,405,250

Diversification

Diversified

Filing Date

Global Rank

#1,477 / 7,322 ▼ 520 · as of Dec 2023

Top Industry

Software - Application 8.8%

3Y Alpha vs SPY

-6.4%

Period ended 2 years ago

Filed Feb 1, 2024 · 2y

16 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

+51.1%

SPY

+76.5%

Annualised alpha

-6.1%

Max drawdown

−15.6%

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

89 positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023

Top Position

3.7%

+0.0 pts

Top 5

15.7%

+0.6 pts

Top 10

26.0%

+0.9 pts

HHI

159

Diversified+12

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Technology	21.7%	$202,211,726	20
Healthcare	16.4%	$152,917,738	15
Industrials	12.3%	$114,793,707	12
Financial Services	11.9%	$111,017,603	7
Consumer Cyclical	10.6%	$98,975,115	11
Consumer Defensive	8.3%	$77,563,933	5
Energy	7.6%	$70,750,417	9
Communication Services	7.5%	$69,981,111	6
Basic Materials	2.4%	$22,086,619	2
Unclassified	0.6%	$5,952,504	1
Utilities	0.6%	$5,154,777	1

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
SYK	Stryker Corp	+60	38,510	$11,532,204
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
WFC	Wells Fargo & Company/Mn	−392,897	341,090	$16,788,449
WMB	Williams Companies, Inc.	−286,473	287,441	$10,011,570
APA	APA Corp	−273,649	150,822	$5,411,493
PCG	PG&E Corp	−271,800	285,900	$5,154,777
APH	Amphenol Corp /De/	−260,368	112,591	$5,580,572
DVN	Devon Energy Corp/De	−255,778	120,435	$5,455,705
KO	Coca Cola Co	−255,370	277,640	$16,361,325
ROL	Rollins Inc	−251,528	240,267	$10,492,459
SLB	Slb Limited/Nv	−248,530	223,764	$11,644,678
PINS	Pinterest, Inc.	−243,745	164,598	$6,096,709
MDLZ	Mondelez International, Inc.	−202,275	227,895	$16,506,434
AAPL	Apple Inc.	−195,165	173,372	$33,379,311
AMZN	Amazon Com Inc	−192,115	211,455	$32,128,472
BSX	Boston Scientific Corp	−172,956	182,900	$10,573,449
GOOGL	Alphabet Inc.	−161,762	164,560	$22,987,386
PAYX	Paychex Inc	−136,130	131,324	$15,642,001
MCHP	Microchip Technology Inc	−132,094	122,523	$11,049,124
EW	Edwards Lifesciences Corp	−124,323	139,106	$10,606,832
LYV	Live Nation Entertainment, Inc.	−121,268	114,130	$10,682,568
HLT	Hilton Worldwide Holdings Inc.	−121,197	2,486	$452,675
MRK	Merck & Co., Inc.	−119,118	157,288	$17,147,537
GILD	Gilead Sciences, Inc.	−110,281	125,943	$10,202,642
CPRT	Copart Inc	−107,934	114,990	$5,634,510
MSFT	Microsoft Corp	−106,729	91,127	$34,267,397
HSIC	Henry Schein Inc	−104,173	146,860	$11,118,770
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
SJM	J M SMUCKER Co	88,200	$11,146,716
GWW	W.W. Grainger, Inc.	13,364	$11,074,613
NUE	Nucor Corp	32,360	$5,631,934
No positions match the current search.

Sold Out

Positions the filer fully exited

22 positions

Ticker	Company	Shares	Value
ADI	Analog Devices Inc	105,314	$18,439,428
KMI	Kinder Morgan, Inc.	1,078,548	$17,882,325
IPGP	Ipg Photonics Corp	172,038	$17,468,738
RS	Reliance, Inc.	41,425	$10,862,877
SBUX	Starbucks Corp	111,796	$10,203,620
KEYS	Keysight Technologies, Inc.	75,287	$9,961,222
DRI	Darden Restaurants Inc	68,572	$9,820,881
OGS	ONE Gas, Inc.	140,207	$9,573,333
HCA	HCA Healthcare, Inc.	35,615	$8,760,577
SCI	Service Corp International	53,798	$3,074,017
A	Agilent Technologies, Inc.	27,138	$3,034,571
EWBC	East West Bancorp Inc	57,391	$3,025,079
FFIN	First Financial Bankshares Inc	114,466	$2,875,385
BJ	BJ's Wholesale Club Holdings, Inc.	33,025	$2,356,994
ENPH	Enphase Energy, Inc.	13,900	$1,670,085
FCX	Freeport-Mcmoran Inc	43,876	$1,636,136
CFR	Cullen/Frost Bankers, Inc.	11,725	$1,069,437
DOX	Amdocs Ltd	11,291	$953,976
XYZ	Block, Inc.	17,711	$783,888
SE	Sea Ltd	13,383	$588,182
AEE	Ameren Corp	7,100	$531,293
TSCO	Tractor Supply Co /De/	7,770	$315,539
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

89 positions · $931,405,250 total · as of Dec 31, 2023

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

Showing 1–50 of 89 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	91,127	-106,729	$34,267,397	−45.1%	3.68%
AAPL	Apple Inc. Technology	Reduced	173,372	-195,165	$33,379,311	−47.1%	3.58%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	211,455	-192,115	$32,128,472	−37.4%	3.45%
META	Meta Platforms, Inc. Communication Services	Reduced	65,955	-66,551	$23,345,431	−41.3%	2.51%
GOOGL	Alphabet Inc. Communication Services	Reduced	164,560	-161,762	$22,987,386	−46.2%	2.47%
MA	Mastercard Inc Financial Services	Reduced	53,304	-49,602	$22,734,689	−44.2%	2.44%
V	Visa Inc. Financial Services	Reduced	86,037	-89,072	$22,399,732	−44.4%	2.40%
MRK	Merck & Co., Inc. Healthcare	Reduced	157,288	-119,118	$17,147,537	−39.7%	1.84%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	25,796	-29,623	$17,027,423	−45.6%	1.83%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	99,857	-78,045	$16,985,675	−34.2%	1.82%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	341,090	-392,897	$16,788,449	−44.0%	1.80%
WM	Waste Management Inc Industrials	Reduced	92,958	-100,308	$16,648,777	−43.5%	1.79%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	56,101	-56,104	$16,634,507	−43.7%	1.79%
PEP	Pepsico Inc Consumer Defensive	Reduced	97,280	-78,458	$16,522,035	−44.5%	1.77%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	227,895	-202,275	$16,506,434	−44.7%	1.77%
LIN	Linde PLC Basic Materials	Reduced	40,064	-42,158	$16,454,685	−46.3%	1.77%
KO	Coca Cola Co Consumer Defensive	Reduced	277,640	-255,370	$16,361,325	−45.2%	1.76%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	85,562	-76,527	$16,211,432	−47.4%	1.74%
PAYX	Paychex Inc Technology	Reduced	131,324	-136,130	$15,642,001	−49.3%	1.68%
LLY	ELI LILLY & Co Healthcare	Reduced	23,952	-11,228	$13,962,099	−26.1%	1.50%
AMAT	Applied Materials Inc /De Technology	Reduced	73,523	-8,223	$11,915,872	+5.3%	1.28%
PWR	Quanta Services, Inc. Industrials	Reduced	54,873	-4,440	$11,841,593	+6.7%	1.27%
DXCM	Dexcom Inc Healthcare	Reduced	94,095	-19,882	$11,676,248	+9.8%	1.25%
SLB	Slb Limited/Nv Energy	Reduced	223,764	-248,530	$11,644,678	−57.7%	1.25%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Reduced	28,349	-26,300	$11,534,924	−39.3%	1.24%
SYK	Stryker Corp Healthcare	Added	38,510	+60	$11,532,204	+9.8%	1.24%
DE	Deere & Co Industrials	Reduced	28,614	-20,673	$11,441,880	−38.5%	1.23%
VLO	Valero Energy Corp/Tx Energy	Reduced	86,540	-36,316	$11,250,200	−35.4%	1.21%
PCTY	Paylocity Holding Corp Technology	Reduced	67,859	-37,111	$11,186,556	−41.3%	1.20%
ADBE	Adobe Inc. Technology	Reduced	18,700	-28,430	$11,156,420	−53.6%	1.20%
SJM	J M SMUCKER Co Consumer Defensive	NEW	88,200	NEW	$11,146,716	NEW	1.20%
RMD	Resmed Inc Healthcare	Reduced	64,746	-73,562	$11,137,606	−45.5%	1.20%
HSIC	Henry Schein Inc Healthcare	Reduced	146,860	-104,173	$11,118,770	−40.3%	1.19%
GWW	W.W. Grainger, Inc. Industrials	NEW	13,364	NEW	$11,074,613	NEW	1.19%
MCHP	Microchip Technology Inc Technology	Reduced	122,523	-132,094	$11,049,124	−44.4%	1.19%
ROP	Roper Technologies Inc Technology	Reduced	20,257	-25,011	$11,043,508	−49.6%	1.19%
RSG	Republic Services, Inc. Industrials	Reduced	66,855	-63,726	$11,025,058	−40.8%	1.18%
COR	Cencora, Inc. Healthcare	Reduced	53,448	-44,544	$10,977,150	−37.8%	1.18%
ABNB	Airbnb, Inc. Consumer Cyclical	Reduced	80,338	-84,725	$10,937,215	−51.7%	1.17%
TDG	TransDigm Group INC Industrials	Reduced	10,682	-462	$10,805,911	+15.0%	1.16%
WDAY	Workday, Inc. Technology	Reduced	38,926	-6,445	$10,745,911	+10.2%	1.15%
LNG	Cheniere Energy, Inc. Energy	Reduced	62,848	-49,353	$10,728,782	−42.4%	1.15%
LYV	Live Nation Entertainment, Inc. Communication Services	Reduced	114,130	-121,268	$10,682,568	−45.4%	1.15%
EW	Edwards Lifesciences Corp Healthcare	Reduced	139,106	-124,323	$10,606,832	−41.9%	1.14%
BSX	Boston Scientific Corp Healthcare	Reduced	182,900	-172,956	$10,573,449	−43.7%	1.14%
ROL	Rollins Inc Consumer Cyclical	Reduced	240,267	-251,528	$10,492,459	−42.8%	1.13%
AME	Ametek Inc/ Industrials	Reduced	63,207	-54,070	$10,422,202	−39.9%	1.12%
MCK	Mckesson Corp Healthcare	Reduced	22,365	-14,715	$10,354,547	−35.8%	1.11%
BAH	Booz Allen Hamilton Holding Corp Industrials	Reduced	80,000	-77,800	$10,232,800	−40.7%	1.10%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	125,943	-110,281	$10,202,642	−42.4%	1.10%