TPI Fund Managers Ltd

CIK

1785438

Location

LONDON, X0

Portfolio Value

Small $581,334,411

Diversification

Diversified

Filing Date

Global Rank

#2,308 / 6,855 ▼ 122 · as of Jun 2022

Top Industry

Healthcare Plans 10.6%

Period ended 4 years ago

Filed Aug 8, 2022 · 4y

10 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 Jun 30, 2022, never from the firm's own description.

Style

Diversified active

Top 10 weight 51.1%, 24.8 effective positions, active share 78.2% against the S&P 500 as of 2022-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

23.6% over the last four quarters (under 30%)

Horizon

Horizon unknown

The value-weighted holding period is at least 8.5 quarters, but 64.1% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2022-06-30, active share 78.2%; sector active share 40.8% against the combined 13F book's sector weights.

Over time 10 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.

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Portfolio Concentration

33 tracked positions · as of Jun 30, 2022 · Δ vs Mar 31, 2022

Top Position

8.4%

+0.6 pts

Top 5

31.6%

+0.3 pts

Top 10

51.1%

+0.9 pts

HHI

404

Diversified+23

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2022

Sector	% Portfolio	Value	Positions
Financial Services	27.9%	$162,212,546	9
Healthcare	24.4%	$141,935,341	7
Technology	20.0%	$116,112,244	6
Consumer Cyclical	8.7%	$50,775,191	4
Communication Services	7.7%	$44,810,000	1
Unclassified	3.8%	$22,100,000	1
Industrials	3.6%	$20,854,746	3
Real Estate	2.3%	$13,274,322	1
Basic Materials	1.6%	$9,260,021	1

Last Quarter's Activity

Export CSV

Jun 30, 2022 vs Mar 31, 2022

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
WH	Wyndham Hotels & Resorts, Inc.	+65,192	204,681	$13,451,635
YUM	Yum Brands Inc	+15,696	168,967	$19,179,444
AMAT	Applied Materials Inc	+11,030	48,193	$4,384,599
ADBE	Adobe Inc.	+9,013	34,191	$12,515,957
MA	Mastercard Inc	+8,135	53,398	$16,846,001
UNP	Union Pacific Corp	+7,058	47,949	$10,226,562
NKE	NIKE, Inc.	+6,576	55,255	$5,647,061
SCHW	Schwab Charles Corp	+5,881	242,153	$15,299,226
SPGI	S&P Global Inc.	+3,617	41,921	$14,129,890
AMT	American Tower Corp	+1,635	51,936	$13,274,322
IQV	Iqvia Holdings Inc.	+1,590	61,692	$13,386,547
MCO	Moodys Corp	+223	49,741	$13,528,059
No positions match the current search.

Trimmed

Positions the filer reduced

21 positions

Ticker	Company	Δ Shares	Shares	Value
ADI	Analog Devices Inc	−153,676	132,438	$19,347,867
TJX	Tjx Companies Inc	−40,772	223,761	$12,497,051
ALLE	Allegion plc	−20,939	68,960	$6,751,184
UNH	Unitedhealth Group Inc	−11,485	63,406	$32,567,223
ELV	Elevance Health, Inc.	−11,183	55,425	$26,746,996
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−5,554	175,736	$14,366,418
—		−5,472	99,069	$22,100,000
MS	Morgan Stanley	−5,280	188,705	$14,352,902
V	Visa Inc.	−4,577	144,857	$28,520,894
MRSH	Marsh & Mclennan Companies, Inc.	−3,569	143,838	$22,330,849
RVTY	Revvity, Inc.	−2,551	80,700	$11,477,154
JNJ	Johnson & Johnson	−2,431	164,132	$29,135,071
MSFT	Microsoft Corp	−2,072	189,992	$48,795,645
AON	Aon plc	−1,756	62,399	$16,827,762
ICE	Intercontinental Exchange, Inc.	−1,070	216,684	$20,376,963
SHW	Sherwin Williams Co	−931	41,356	$9,260,021
MDT	Medtronic plc	−821	78,870	$7,078,582
—		−732	23,191	$3,877,000
GOOG	Alphabet Inc.	−605	20,485	$44,810,000
TMO	Thermo Fisher Scientific Inc.	−364	39,655	$21,543,768
ACN	Accenture plc	−126	60,154	$16,701,758
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
KMX	Carmax Inc	183,570	$17,710,833
META	Meta Platforms, Inc.	62,848	$13,974,881
CRM	Salesforce, Inc.	63,054	$13,387,625
ADSK	Autodesk, Inc.	23,232	$4,979,779
RYAAY	Ryanair Holdings PLC	28,821	$2,511,887
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

33 tracked positions · $581,334,411 total · filing declares 34 positions · $596,929,000 · as of Jun 30, 2022

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	189,992	-2,072	$48,795,645	−17.6%	10+	before history	8.39%
GOOG	Alphabet Inc. Communication Services	Reduced	20,485	-605	$44,810,000	−23.9%	10+	before history	7.71%
UNH	Unitedhealth Group Inc Healthcare	Reduced	63,406	-11,485	$32,567,223	−14.7%	10+	before history	5.60%
JNJ	Johnson & Johnson Healthcare	Reduced	164,132	-2,431	$29,135,071	−1.3%	10+	before history	5.01%
V	Visa Inc. Financial Services	Reduced	144,857	-4,577	$28,520,894	−13.9%	10+	before history	4.91%
ELV	Elevance Health, Inc. Healthcare	Reduced	55,425	-11,183	$26,746,996	−18.3%	3	$422.45	4.60%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	143,838	-3,569	$22,330,849	−11.1%	10+	before history	3.84%
		Reduced	99,069	-5,472	$22,100,000	−15.4%	6	unpriced	3.80%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	39,655	-364	$21,543,768	−8.9%	10+	before history	3.71%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	216,684	-1,070	$20,376,963	−29.2%	10+	before history	3.51%
ADI	Analog Devices Inc Technology	Reduced	132,438	-153,676	$19,347,867	−59.1%	3	$167.98	3.33%
YUM	Yum Brands Inc Consumer Cyclical	Added	168,967	+15,696	$19,179,444	+5.6%	10+	before history	3.30%
MA	Mastercard Inc Financial Services	Added	53,398	+8,135	$16,846,001	+4.1%	8	$332.42	2.90%
AON	Aon plc Financial Services	Reduced	62,399	-1,756	$16,827,762	−19.4%	9	$197.89	2.89%
ACN	Accenture plc Technology	Reduced	60,154	-126	$16,701,758	−17.8%	10+	before history	2.87%
SCHW	Schwab Charles Corp Financial Services	Added	242,153	+5,881	$15,299,226	−23.2%	6	$63.74	2.63%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	175,736	-5,554	$14,366,418	−24.0%	10+	before history	2.47%
MS	Morgan Stanley Financial Services	Reduced	188,705	-5,280	$14,352,902	−15.3%	5	$86.34	2.47%
SPGI	S&P Global Inc. Financial Services	Added	41,921	+3,617	$14,129,890	−10.1%	10+	before history	2.43%
MCO	Moodys Corp Financial Services	Added	49,741	+223	$13,528,059	−19.0%	10+	before history	2.33%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	Added	204,681	+65,192	$13,451,635	+13.9%	10+	before history	2.31%
IQV	Iqvia Holdings Inc. Healthcare	Added	61,692	+1,590	$13,386,547	−3.7%	8	$172.28	2.30%
AMT	American Tower Corp Real Estate	Added	51,936	+1,635	$13,274,322	+5.0%	8	$248.02	2.28%
ADBE	Adobe Inc. Technology	Added	34,191	+9,013	$12,515,957	+9.1%	2	$461.56	2.15%
TJX	Tjx Companies Inc Consumer Cyclical	Reduced	223,761	-40,772	$12,497,051	−22.0%	7	$65.50	2.15%
RVTY	Revvity, Inc. Healthcare	Reduced	80,700	-2,551	$11,477,154	−21.0%	9	$135.38	1.97%
UNP	Union Pacific Corp Industrials	Added	47,949	+7,058	$10,226,562	−8.5%	10+	before history	1.76%
SHW	Sherwin Williams Co Basic Materials	Reduced	41,356	-931	$9,260,021	−12.3%	10+	before history	1.59%
MDT	Medtronic plc Healthcare	Reduced	78,870	-821	$7,078,582	−19.9%	10+	before history	1.22%
ALLE	Allegion plc Industrials	Reduced	68,960	-20,939	$6,751,184	−31.6%	10+	before history	1.16%
NKE	NIKE, Inc. Consumer Cyclical	Added	55,255	+6,576	$5,647,061	−13.8%	3	$158.35	0.97%
AMAT	Applied Materials Inc Technology	Added	48,193	+11,030	$4,384,599	−10.5%	2	$131.26	0.75%
		Reduced	23,191	-732	$3,877,000	−10.6%	4	unpriced	0.67%

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.