Ardevora Asset Management LLP

CIK

1608108

Location

LONDON, X0

Portfolio Value

Micro $22,086,619

Diversification

Diversified

Filing Date

Global Rank

#1,451 / 7,317 ▼ 509

Top Industry

Software - Application 8.6%

3Y Alpha vs SPY

-7.0%

Period ended 2 years ago

Filed Feb 1, 2024 · 2y

16 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

+47.4%

SPY

+76.3%

Annualised alpha

-7.0%

Max drawdown

−15.5%

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

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

Top Position

3.6%

+0.0 pts

Top 5

15.3%

+0.5 pts

Top 10

25.3%

+0.8 pts

HHI

155

Diversified+11

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Technology	22.2%	$212,471,090	20
Healthcare	16.0%	$152,917,738	15
Industrials	12.0%	$114,793,707	12
Financial Services	11.6%	$111,017,603	7
Consumer Cyclical	10.3%	$98,975,115	11
Energy	9.0%	$85,929,080	10
Consumer Defensive	8.1%	$77,563,933	5
Communication Services	7.3%	$69,981,111	6
Basic Materials	2.3%	$22,086,619	2
Unclassified	0.6%	$5,952,504	1
Utilities	0.5%	$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

2 positions · $22,086,619 total · Basic Materials only · as of Dec 31, 2023

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
LIN	Linde PLC Basic Materials	Reduced	40,064	-42,158	$16,454,685	−46.3%	74.50%
NUE	Nucor Corp Basic Materials	NEW	32,360	NEW	$5,631,934	NEW	25.50%