Ardevora Asset Management LLP

CIK

1608108

Location

LONDON, X0

Portfolio Value

Mid $1,087,341,129

Diversification

Diversified

Filing Date

Global Rank

#1,742 / 7,461 ▼ 645 · as of Dec 2023

Top Industry

Software - Application 8.3%

Period ended 2 years ago

Filed Feb 1, 2024 · 2y

16 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2023, never from the firm's own description.

Style

Diversified active

Top 10 weight 26.0%, 66.1 effective positions, active share 61.1% against the S&P 500 as of 2023-12-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

36.8% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 6.8 quarters, but 15.5% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2023-12-31, active share 61.1%; sector active share 19.2% against the combined 13F book's sector weights.

Over time 16 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

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

Top Position

4.2%

−0.1 pts

Top 5

16.6%

+0.3 pts

Top 10

26.0%

+0.5 pts

HHI

151

Diversified+8

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Technology	25.3%	$274,587,346	21
Healthcare	14.1%	$152,917,738	15
Industrials	11.4%	$124,002,802	12
Consumer Cyclical	11.0%	$119,898,779	11
Communication Services	10.5%	$114,146,686	8
Financial Services	10.2%	$111,017,603	7
Energy	7.9%	$85,929,080	10
Consumer Defensive	7.1%	$77,563,933	5
Basic Materials	2.0%	$22,086,619	2
Utilities	0.5%	$5,154,777	1
Unclassified	0.0%	$35,766	4

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
—		+76,210	449,551	$10,861
—		+1,494	35,836	$13,004
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	−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	−260,368	112,591	$11,161,145
DVN	Devon Energy Corp	−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	−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
GOOG	Alphabet Inc.	−161,638	162,829	$22,947,490
FWONK	Liberty Media Corp	−143,201	167,620	$10,581,850
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
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

23 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
TSCO	Tractor Supply Co	7,770	$1,577,698
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
—		339,209	$9,722
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

96 tracked positions · $1,087,341,129 total · filing declares 96 positions · $1,123,075 · 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 96 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	69,986	-69,032	$34,658,466	−42.7%	4	$229.48	3.19%
MSFT	Microsoft Corp Technology	Reduced	91,127	-106,729	$34,267,397	−45.1%	3	$313.41	3.15%
AAPL	Apple Inc. Technology	Reduced	173,372	-195,165	$33,379,311	−47.1%	10	$144.45	3.07%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	211,455	-192,115	$32,128,472	−37.4%	2	$134.00	2.95%
META	Meta Platforms, Inc. Communication Services	Reduced	65,955	-66,551	$23,345,431	−41.3%	6	$133.21	2.15%
GOOGL	Alphabet Inc. Communication Services	Reduced	164,560	-161,762	$22,987,386	−46.2%	16+	before history	2.11%
GOOG	Alphabet Inc. Communication Services	Reduced	162,829	-161,638	$22,947,490	−46.4%	3	$115.76	2.11%
MA	Mastercard Inc Financial Services	Reduced	53,304	-49,602	$22,734,689	−44.2%	16+	before history	2.09%
V	Visa Inc. Financial Services	Reduced	86,037	-89,072	$22,399,732	−44.4%	16+	before history	2.06%
MRK	Merck & Co., Inc. Healthcare	Reduced	157,288	-119,118	$17,147,537	−39.7%	7	$98.12	1.58%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	25,796	-29,623	$17,027,423	−45.6%	10	$458.18	1.57%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	99,857	-78,045	$16,985,675	−34.2%	2	$149.90	1.56%
WFC	Wells Fargo & Company Financial Services	Reduced	341,090	-392,897	$16,788,449	−44.0%	8	$52.00	1.54%
WM	Waste Management Inc Industrials	Reduced	92,958	-100,308	$16,648,777	−43.5%	16+	before history	1.53%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	56,101	-56,104	$16,634,507	−43.7%	16+	before history	1.53%
PEP	Pepsico Inc Consumer Defensive	Reduced	97,280	-78,458	$16,522,035	−44.5%	7	$171.47	1.52%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	227,895	-202,275	$16,506,434	−44.7%	16+	before history	1.52%
LIN	Linde PLC Basic Materials	Reduced	40,064	-42,158	$16,454,685	−46.3%	4	$334.89	1.51%
KO	Coca Cola Co Consumer Defensive	Reduced	277,640	-255,370	$16,361,325	−45.2%	7	$62.45	1.50%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	85,562	-76,527	$16,211,432	−47.4%	7	$161.00	1.49%
PAYX	Paychex Inc Technology	Reduced	131,324	-136,130	$15,642,001	−49.3%	7	$123.51	1.44%
XOM	ExxonMobil Holdings Corp Energy	Reduced	151,817	-50,868	$15,178,663	−36.3%	2	$109.68	1.40%
LLY	ELI LILLY & Co Healthcare	Reduced	23,952	-11,228	$13,962,099	−26.1%	7	$304.70	1.28%
AMAT	Applied Materials Inc Technology	Reduced	73,523	-8,223	$11,915,872	+5.3%	4	$114.84	1.10%
PWR	Quanta Services, Inc. Industrials	Reduced	54,873	-4,440	$11,841,593	+6.7%	7	$122.73	1.09%
NFLX	Netflix Inc Communication Services	Reduced	24,273	-5,193	$11,818,038	+6.2%	6	$237.93	1.09%
DXCM	Dexcom Inc Healthcare	Reduced	94,095	-19,882	$11,676,248	+9.8%	5	$109.79	1.07%
SLB	Slb Limited Energy	Reduced	223,764	-248,530	$11,644,678	−57.7%	5	$51.57	1.07%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Reduced	5,081	-276	$11,620,043	+18.4%	5	$1,494.32	1.07%
VRTX	Vertex Pharmaceuticals Inc Healthcare	Reduced	28,349	-26,300	$11,534,924	−39.3%	5	$304.19	1.06%
SYK	Stryker Corp Healthcare	Added	38,510	+60	$11,532,204	+9.8%	16+	before history	1.06%
AVGO	Broadcom Inc. Technology	Reduced	10,331	-13,611	$11,531,978	−42.0%	2	$866.82	1.06%
DE	Deere & Co Industrials	Reduced	28,614	-20,673	$11,441,880	−38.5%	8	$386.68	1.05%
KLAC	Kla Corp Technology	Reduced	19,610	-24,220	$11,399,293	−43.3%	9	$364.26	1.05%
VLO	Valero Energy Corp Energy	Reduced	86,540	-36,316	$11,250,200	−35.4%	5	$125.53	1.03%
PCTY	Paylocity Holding Corp Technology	Reduced	67,859	-37,111	$11,186,556	−41.3%	4	$196.76	1.03%
APH	Amphenol Corp Technology	Reduced	112,591	-260,368	$11,161,145	−64.4%	16+	before history	1.03%
ADBE	Adobe Inc. Technology	Reduced	18,700	-28,430	$11,156,420	−53.6%	2	$524.63	1.03%
SJM	J M SMUCKER Co Consumer Defensive	NEW	88,200	NEW	$11,146,716	NEW	1	$115.87	1.03%
RMD	Resmed Inc Healthcare	Reduced	64,746	-73,562	$11,137,606	−45.5%	9	$244.82	1.02%
HSIC	Henry Schein Inc Healthcare	Reduced	146,860	-104,173	$11,118,770	−40.3%	15	$61.86	1.02%
GWW	W.W. Grainger, Inc. Industrials	NEW	13,364	NEW	$11,074,613	NEW	1	$769.98	1.02%
MCHP	Microchip Technology Inc Technology	Reduced	122,523	-132,094	$11,049,124	−44.4%	5	$68.88	1.02%
ROP	Roper Technologies Inc Technology	Reduced	20,257	-25,011	$11,043,508	−49.6%	16+	before history	1.02%
RSG	Republic Services, Inc. Industrials	Reduced	66,855	-63,726	$11,025,058	−40.8%	16+	before history	1.01%
COR	Cencora, Inc. Healthcare	Reduced	53,448	-44,544	$10,977,150	−37.8%	7	$153.54	1.01%
ABNB	Airbnb, Inc. Consumer Cyclical	Reduced	80,338	-84,725	$10,937,215	−51.7%	7	$124.85	1.01%
NOW	ServiceNow, Inc. Technology	Reduced	15,333	-17,679	$10,832,611	−41.3%	3	$499.90	1.00%
CTAS	Cintas Corp Industrials	Reduced	17,974	-17,968	$10,832,210	−37.3%	2	$497.96	1.00%
TDG	TransDigm Group INC Industrials	Reduced	10,682	-462	$10,805,911	+15.0%	3	$790.91	0.99%

Showing the top 50 of 96 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.