NR
National Rural Electric Cooperative Association Historical SEC 13F Holdings & Archive (Q4 2015)
National Rural Electric Cooperative AssociationCIK: 0000833018
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$5.6B
Reporting period: 2015-12-31 · Number of holdings: 202
NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION disclosed 202 holdings in its latest 13F filing for the period ending 2015-12-31, with total reported value of $5.6B and a quarterly turnover rate of 18.1%.
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Personality snowflake
- Concentration
- 6.59
- Portfolio Stability
- 18.08
- Momentum
- 100
- Sector conviction
- 67.22
- Diversification
- 100
- Sizing Uniformity
- 91.22
National Rural Electric Cooperative Association's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 61 equally-sized positions, well below its 202 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.88), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 33% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd V
+174.0% $71.4M
Trim MPC
-76.8% -$55.9M
Trim DDS
-25.6% -$41.3M
Add MTD
+116.9% $39.9M
Trim PSX
-50.3% -$28.8M
Add AEP
0.0% $34.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 107 holdings (of 202 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 3.33% | +0.28% | — | |
| 2 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 3.21% | +0.44% | — | |
| 3 | INTC | Intel CORP | Stock-Tech | 3.07% | +0.21% | — | |
| 4 | CSCO | Cisco Systems Inc | Stock-Tech | 2.83% | — | — | |
| 5 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.67% | +0.04% | — | |
| 6 | AVY | Avery Dennison CORP | Stock-Consumer Disc | 2.66% | +0.10% | — | |
| 7 | DOW | Dow Inc. | Stock-Materials | 2.62% | +0.32% | — | |
| 8 | CB | Chubb Limited | Stock-Financials | 2.58% | +0.04% | — | |
| 9 | CTB | Cooper Tire & Rubber | Stock-Other | 2.40% | — | — | |
| 10 | PFE | Pfizer Inc | Stock-Healthcare | 2.38% | — | — | |
| 11 | LUV | Southwest Airlines Co | Stock-Industrials | 2.35% | +0.14% | — | |
| 12 | GPC | Genuine Parts Co | Stock-Consumer Disc | 2.29% | — | — | |
| 13 | ABBV | Abbvie Inc | Stock-Healthcare | 2.22% | +0.05% | — | |
| 14 | DY | Dycom Industries Inc | Stock-Industrials | 2.06% | — | — | |
| 15 | CVX | Chevron CORP | Stock-Energy | 2.02% | +0.13% | — | |
| 16 | HON | Honeywell International Inc | Stock-Industrials | 2.00% | +0.05% | — | |
| 17 | ALL | Allstate CORP | Stock-Financials | 1.99% | — | — | |
| 18 | V | Visa Inc-class A Shares | Stock-Financials | 1.90% | +1.23% | +174.00% | |
| 19 | MDT | Medtronic plc | Stock-Healthcare | 1.88% | +0.14% | — | |
| 20 | PH | Parker Hannifin CORP | Stock-Industrials | 1.83% | — | — | |
| 21 | ✓ | Bemis Inc | Stock-Other | 1.76% | +0.10% | — | |
| 22 | AIG | American International Group | Stock-Financials | 1.69% | +0.37% | +24.58% | |
| 23 | COP | Conocophillips | Stock-Energy | 1.65% | — | — | |
| 24 | TEL | TE Connectivity plc | Stock-Tech | 1.64% | +0.02% | — | |
| 25 | GSK | GSK plc | Stock-Healthcare | 1.33% | — | — | |
| 26 | ABT | Abbott Laboratories | Stock-Healthcare | 1.30% | +0.06% | — | |
| 27 | WFC | Wells Fargo & Co | Stock-Financials | 1.29% | — | — | |
| 28 | MTD | Mettler-toledo International | Stock-Healthcare | 1.17% | +0.69% | +116.87% | |
| 29 | STE | STERIS plc | Stock-Healthcare | 1.13% | +1.13% | NEW | |
| 30 | CBRL | Cracker Barrel Old Country | Stock-Other | 1.02% | -0.24% | — | |
| 31 | BKR | Baker Hughes Company | Stock-Energy | 1.02% | -0.20% | — | |
| 32 | FLS | Flowserve CORP | Stock-Industrials | 1.01% | — | — | |
| 33 | SXI | Standex International CORP | Stock-Other | 1.00% | +0.18% | +17.79% | |
| 34 | AIT | Applied Industrial Tech Inc | Stock-Industrials | 0.99% | — | — | |
| 35 | DDS | Dillards Inc-cl A | Stock-Other | 0.94% | -0.85% | -25.59% | |
| 36 | ✓ | Rofin-sinar Technologies Inc | Stock-Other | 0.88% | — | — | |
| 37 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.84% | — | — | |
| 38 | CORE | Core-mark Holding Co Inc | Stock-Other | 0.84% | +0.12% | — | |
| 39 | WLK | Westlake CORP | Stock-Materials | 0.84% | — | — | |
| 40 | KNX | Knight-Swift Transportation Holdings Inc. | Stock-Industrials | 0.84% | — | +1.05% | |
| 41 | WDC | Western Digital CORP | Stock-Tech | 0.81% | -0.33% | — | |
| 42 | WERN | Werner Enterprises Inc | Stock-Other | 0.79% | — | — | |
| 43 | UNFI | United Natural Foods Inc | Stock-Consumer Staples | 0.77% | +0.13% | +59.42% | |
| 44 | MANTUSD | Mantech International Corp-a | Stock-Other | 0.77% | +0.07% | — | |
| 45 | ECPG | Encore Capital Group Inc | Stock-Other | 0.76% | -0.23% | +3.55% | |
| 46 | CSL | Carlisle Cos Inc | Stock-Industrials | 0.76% | — | — | |
| 47 | EAT | Brinker International Inc | Stock-Consumer Disc | 0.74% | — | — | |
| 48 | FRANUSD | Francescas Holdings CORP | Stock-Other | 0.72% | +0.18% | — | |
| 49 | POL4EUR | Polyone Corporation | Stock-Other | 0.69% | — | +4.33% | |
| 50 | WEN | Wendy's Co/the | Stock-Consumer Disc | 0.68% | +0.10% | — |
1–50 of 107
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
National Rural Electric Cooperative Association's most significant position changes for 2015-12-31: New buy: STERIS plc (STE); Sold out: Uber Technologies, Inc. (UBER); Sold out: Ishares Russell 2000 ETF (IWM); New buy: Sterling Bancorp/de (STL); New buy: Summit Materials Inc -cl A (7SU).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | V | Visa Inc-class A Shares | +1.2% | +174.00% | Add |
| 2 | MTD | Mettler-toledo International | +0.7% | +116.87% | Add |
| 3 | AEP | American Electric Power Company, Inc. | +0.4% | — | Unchanged |
| 4 | AIG | American International Group | +0.4% | +24.58% | Add |
| 5 | DOW | Dow Inc. | +0.3% | — | Unchanged |
| 6 | BWXT | Bwx Technologies Inc | +0.3% | +121.98% | Add |
| 7 | BMY | Bristol-myers Squibb Co | +0.3% | — | Unchanged |
| 8 | INTC | Intel CORP | +0.2% | — | Unchanged |
| 9 | TG7 | Triumph Group Inc | +0.2% | +70.79% | Add |
| 10 | SXI | Standex International CORP | +0.2% | +17.79% | Add |
| 11 | FRANUSD | Francescas Holdings CORP | +0.2% | — | Unchanged |
| 12 | FREDQ | Fred's Inc-class A | +0.2% | — | Unchanged |
| 13 | GIII | G-iii Apparel Group LTD | +0.2% | +180.40% | Add |
| 14 | LUV | Southwest Airlines Co | +0.1% | — | Unchanged |
| 15 | MDT | Medtronic plc | +0.1% | — | Unchanged |
| 16 | CVX | Chevron CORP | +0.1% | — | Unchanged |
| 17 | UNFI | United Natural Foods Inc | +0.1% | +59.42% | Add |
| 18 | CORE | Core-mark Holding Co Inc | +0.1% | — | Unchanged |
| 19 | ✓ | Neustar Inc | +0.1% | +58.98% | Add |
| 20 | LDOS | Leidos Holdings Inc | +0.1% | — | Unchanged |
| 21 | CASS | Cass Information Systems Inc | +0.1% | +73.68% | Add |
| 22 | AVY | Avery Dennison CORP | +0.1% | — | Unchanged |
| 23 | ✓ | Bemis Inc | +0.1% | — | Unchanged |
| 24 | WEN | Wendy's Co/the | +0.1% | — | Unchanged |
| 25 | PRIM | Primoris Services CORP | +0.1% | — | Unchanged |
| 26 | MANTUSD | Mantech International Corp-a | +0.1% | — | Unchanged |
| 27 | ABT | Abbott Laboratories | +0.1% | — | Unchanged |
| 28 | ABBV | Abbvie Inc | +0.1% | — | Unchanged |
| 29 | HON | Honeywell International Inc | +0.1% | — | Unchanged |
| 30 | JPM | Jpmorgan Chase & Co | 0% | — | Unchanged |
| 31 | CB | Chubb Limited | 0% | — | Unchanged |
| 32 | TEL | TE Connectivity plc | 0% | — | Unchanged |
| 33 | ALL | Allstate CORP | — | — | Unchanged |
| 34 | STX | Seagate Technology Holdings plc | -0.2% | — | Unchanged |
| 35 | IJR | Ishares Core S&p Small-cap E | -0.2% | -34.78% | Trim |
| 36 | IWN | Ishares Russell 2000 Value E | -0.2% | -31.03% | Trim |
| 37 | BKR | Baker Hughes Company | -0.2% | — | Unchanged |
| 38 | MRO* | Marathon Oil CORP | -0.2% | — | Unchanged |
| 39 | LBYYQ | Libbey Inc | -0.2% | +4.95% | Add |
| 40 | ECPG | Encore Capital Group Inc | -0.2% | +3.55% | Add |
| 41 | CBRL | Cracker Barrel Old Country | -0.2% | — | Unchanged |
| 42 | WDC | Western Digital CORP | -0.3% | — | Unchanged |
| 43 | PSX | Phillips 66 | -0.6% | -50.28% | Trim |
| 44 | DDS | Dillards Inc-cl A | -0.9% | -25.59% | Trim |
| 45 | MPC | Marathon Petroleum CORP | -1.1% | -76.80% | Trim |
| 46 | STE | STERIS plc | — | NEW | New buy |
| 47 | UBER | Uber Technologies, Inc. | — | EXIT | Sold out |
| 48 | IWM | Ishares Russell 2000 ETF | — | EXIT | Sold out |
| 49 | STL | Sterling Bancorp/de | — | NEW | New buy |
| 50 | 7SU | Summit Materials Inc -cl A | — | NEW | New buy |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is National Rural Electric Cooperative Association and what type of investor is it?
National Rural Electric Cooperative Association is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2015-12-31), the firm manages a tracked equity portfolio valued at approximately $5.6B, spread across 202 disclosed positions.
What are National Rural Electric Cooperative Association's largest equity positions?
Based on the latest 13F filing, National Rural Electric Cooperative Association's top holdings by market value are:
1. Bristol-myers Squibb Co (BMY) — $185.8M (3.3%)
2. American Electric Power Company, Inc. (AEP) — $178.9M (3.2%)
3. Intel CORP (INTC) — $171.1M (3.1%)
4. Cisco Systems Inc (CSCO) — $158.1M (2.8%)
5. Jpmorgan Chase & Co (JPM) — $149.1M (2.7%)
What changes did National Rural Electric Cooperative Association make in its most recent portfolio filing?
In the latest reported quarter, National Rural Electric Cooperative Association made 22 notable position adjustments: 3 new positions were initiated, 12 existing holdings were added to, 5 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: STERIS plc (STE); Sold out: Uber Technologies, Inc. (UBER); Sold out: Ishares Russell 2000 ETF (IWM); New buy: Sterling Bancorp/de (STL); New buy: Summit Materials Inc -cl A (7SU)
What sectors does National Rural Electric Cooperative Association focus on?
National Rural Electric Cooperative Association is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 32.6%
• Information Technology: 20.4%
• Financials: 19.8%
• Energy: 14.0%
• Industrials: 13.2%
Investment Profile
National Rural Electric Cooperative Association's portfolio is broadly diversified and long-term-holding, with 32.6% of the portfolio concentrated in Health Care.
It has added to its CB position over the past two quarters (+$40.7M, now $143.8M), while trimming MPC over the same stretch (-$65.6M, still holding $19.6M).
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