Dunvegan Associates, Inc.

Diversified strategyMomentum followerSector-focused

Total reported value

$85.1M

Reporting period: 2015-12-31 · Number of holdings: 203

Dunvegan Associates, Inc. disclosed 203 holdings in its latest 13F filing for the period ending 2015-12-31, with total reported value of $85.1M and a quarterly turnover rate of 16.1%.

Personality snowflake

Concentration: 15.64
Portfolio Stability: 16.11
Momentum/Contrarian: 100
Sector conviction: 93.93
Diversification: 100
Sizing Uniformity: 73.59

Recent moves

Trim LNG
-3.6%　-$1.3M
Trim ENB
-54.5%　-$1.2M
Trim TCPA
-77.6%　-$828.0K
Add MA
-1.9%　$534.0K
Add EMR
+371.0%　$785.0K
Add V
-1.3%　$509.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	MA	Mastercard INC - A	Stock-Financials	11.21%	+0.94%	-1.95%
2	MKC	Mccormick & Co-non Vtg Shrs	Stock-Consumer Staples	7.96%	+0.67%	+1.70%
3	V	Visa Inc-class A Shares	Stock-Financials	6.63%	+0.78%	-1.28%
4	LNG	Cheniere Energy INC	Stock-Energy	4.57%	-1.39%	-3.65%
5	LLY	Eli Lilly & Co	Stock-Healthcare	4.10%	—	-1.01%
6	GLD	Spdr Gold Shares	ETF-Commodities	4.05%	-0.20%	-2.52%
7	XLP	Ss Consumer Staples Sel Sect	ETF-Other	3.96%	+0.31%	-1.67%
8	NVS	Novartis Ag-sponsored Adr	Stock-Healthcare	3.70%	-0.17%	-0.91%
9	ACN	Accenture plc	Stock-Tech	3.19%	+0.22%	-2.09%
10	✓	Allergan PLC	Stock-Other	3.09%	+0.44%	-1.78%
11	UPS	United Parcel Service-cl B	Stock-Industrials	2.46%	-0.02%	-1.44%
12	✓	Williams Partners, LP	Stock-Other	2.39%	-0.36%	-3.48%
13	IBB	Ishares Biotechnology ETF	ETF-Tech	2.05%	+0.15%	-6.29%
14	STZ	Constellation Brands Inc-a	Stock-Consumer Staples	1.96%	+0.26%	-1.55%
15	MDT	Medtronic plc	Stock-Healthcare	1.80%	+0.25%	-2.09%
16	NVO	Novo-nordisk A/s-spons Adr	Stock-Healthcare	1.72%	+0.13%	-2.13%
17	MMM	3m Co	Stock-Industrials	1.67%	+0.11%	-2.38%
18	EWY	Ishares Msci South Korea ETF	ETF-Other	1.59%	-0.04%	-6.84%
19	TIFEUR	Tiffany & Co	Stock-Other	1.40%	-0.08%	-7.10%
20	✓	CK Hutchison Holdings Ltd	Stock-Other	1.40%	+0.08%	-1.45%
21	UNP	Union Pacific CORP	Stock-Industrials	1.36%	-0.27%	-8.54%
22	TELFY	Telefonica Sa-spon Adr	Stock-Other	1.35%	-0.15%	-4.50%
23	EWI	iShares MSCI Italy ETF	ETF-Other	1.32%	-0.02%	-0.48%
24	TTMCHF	Tata Motors Ltd-spon Adr	Stock-Other	1.26%	+1.26%	NEW
25	EMR	Emerson Electric Co	Stock-Industrials	1.15%	+0.93%	+371.02%
26	DVN	Devon Energy CORP	Stock-Energy	1.14%	-0.70%	-30.30%
27	✓	Taser Intl INC	Stock-Other	1.13%	-0.32%	-3.86%
28	AMLPUSD	Alerian Mlp ETF	ETF-Other	1.00%	-0.42%	-29.43%
29	ENB	Enbridge INC	Stock-Energy	0.93%	-1.29%	-54.49%
30	DIS	Walt Disney Co/the	Stock-Comm Services	0.81%	—	-0.73%
31	✓	Invsc Water Resc Portfolio ETF	ETF-Other	0.78%	—	-7.68%
32	NKE	Nike INC -cl B	Stock-Consumer Disc	0.75%	—	+101.69%
33	FIZZ	National Beverage CORP	Stock-Other	0.73%	+0.25%	—
34	✓	Cheung Kong Proper	Stock-Other	0.67%	-0.07%	-1.45%
35	NFLX	Netflix INC	Stock-Comm Services	0.67%	+0.09%	+0.77%
36	✓		Stock-Other	0.60%	-0.04%	-0.83%
37	CLX	Clorox Company	Stock-Consumer Staples	0.57%	+0.05%	-3.09%
38	KMB	Kimberly-clark CORP	Stock-Consumer Staples	0.56%	+0.08%	-2.76%
39	✓	New Ireland Fund INC	Stock-Other	0.55%	—	-8.14%
40	COST	Costco Wholesale CORP	Stock-Consumer Staples	0.50%	+0.07%	—
41	CLRUSD	Continental Resources Inc/ok	Stock-Other	0.48%	-0.42%	-33.98%
42	CVX	Chevron CORP	Stock-Energy	0.41%	+0.27%	+144.71%
43	CHRW	C.h. Robinson Worldwide INC	Stock-Industrials	0.40%	-0.03%	-1.26%
44	WELL	Welltower Inc.	Stock-Real Estate	0.40%	—	-2.99%
45	UNH	Unitedhealth Group INC	Stock-Healthcare	0.39%	-0.19%	-36.86%
46	WYNN	Wynn Resorts LTD	Stock-Consumer Disc	0.38%	+0.16%	+26.65%
47	DEO	Diageo Plc-sponsored Adr	Stock-Consumer Staples	0.37%	—	—
48	MSFT	Microsoft CORP	Stock-Tech	0.35%	-0.02%	-28.24%
49	TCPA	TransCanada PipeLines Limited 6	Stock-Other	0.29%	-0.94%	-77.57%
50	UGP	Ultrapar Particpac-spon Adr	Stock-Other	0.29%	-0.13%	-27.15%

1–50 of 203

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2015-12-31	203	$85.1M	16	1MA 2MKC 3V Top holdings2015-12-31 1.MA 2.MKC 3.V 4.LNG 5.LLY 6.GLD 7.XLP 8.NVS 9.ACN 10.g0177j
2015-09-30	209	$87.7M	25	1MA 2MKC 3LNG Top holdings2015-09-30 1.MA 2.MKC 3.LNG 4.V 5.GLD 6.LLY 7.NVS 8.XLP 9.ACN 10.96949l
2015-06-30	200	$90.4M	35	1MA 2LNG 3MKC Top holdings2015-06-30 1.MA 2.LNG 3.MKC 4.V 5.GLD 6.96949l 7.NVS 8.LLY 9.g0177j 10.DVN
2015-03-31	208	$113.0M	23	1MA 2LNG 3MKC Top holdings2015-03-31 1.MA 2.LNG 3.MKC 4.V 5.96949l 6.NVS 7.GLD 8.ENB 9.DVN 10.G0083B
2014-12-31	209	$115.2M	26	1MA 2LNG 3MKC Top holdings2014-12-31 1.MA 2.LNG 3.MKC 4.g0177j 5.V 6.00434L 7.GLD 8.NVS 9.ENB 10.LLY
2014-09-30	196	$110.6M	13	1LNG 2MA 3MKC Top holdings2014-09-30 1.LNG 2.MA 3.MKC 4.00434L 5.V 6.GLD 7.g0177j 8.NVS 9.ENB 10.TCPA
2014-06-30	192	$119.7M	12	1MA 2LNG 3MKC Top holdings2014-06-30 1.MA 2.LNG 3.MKC 4.00434L 5.GLD 6.61166W 7.V 8.g0177j 9.NVS 10.ENB
2014-03-31	217	$118.8M	27	1MA 2LNG 3GLD Top holdings2014-03-31 1.MA 2.LNG 3.GLD 4.MKC 5.00434L 6.61166W 7.V 8.NVS 9.g0177j 10.ENB
2013-12-31	70	$121.2M	34	1MA 2GLD 3MKC Top holdings2013-12-31 1.MA 2.GLD 3.MKC 4.00434L 5.61166W 6.LNG 7.V 8.NVS 9.018490 10.ENB
2013-09-30	74	$109.6M	24	1MA 2MKC 3GLD Top holdings2013-09-30 1.MA 2.MKC 3.GLD 4.61166W 5.V 6.00434L 7.TCPA 8.ENB 9.LNG 10.NVS
2013-06-30	105	$129.5M	0	1MA 2MKC 3GLD Top holdings2013-06-30 1.MA 2.MKC 3.GLD 4.00434L 5.61166W 6.ENB 7.DE 8.TCPA 9.V 10.NVS

Holding changes this quarter

Dunvegan Associates, Inc.'s most significant position changes for 2015-12-31: New buy: Tata Motors Ltd-spon Adr (TTMCHF); New buy: Alphabet Inc. (GOOG); Sold out: Credit Suisse Nassau Brh; Trim: Cheniere Energy INC (LNG) — shares -3.65%; Trim: Enbridge INC (ENB) — shares -54.49%.

Position changes disclosed by Dunvegan Associates, Inc. for the quarter ending 2015-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	MA	Mastercard INC - A	+0.9%	-1.95%	Trim
2	EMR	Emerson Electric Co	+0.9%	+371.02%	Add
3	V	Visa Inc-class A Shares	+0.8%	-1.28%	Trim
4	MKC	Mccormick & Co-non Vtg Shrs	+0.7%	+1.70%	Add
5	✓	Allergan PLC	+0.4%	-1.78%	Trim
6	XLP	Ss Consumer Staples Sel Sect	+0.3%	-1.67%	Trim
7	CVX	Chevron CORP	+0.3%	+144.71%	Add
8	STZ	Constellation Brands Inc-a	+0.3%	-1.55%	Trim
9	FIZZ	National Beverage CORP	+0.3%	—	Unchanged
10	MDT	Medtronic plc	+0.3%	-2.09%	Trim
11	ACN	Accenture plc	+0.2%	-2.09%	Trim
12	WYNN	Wynn Resorts LTD	+0.2%	+26.65%	Add
13	IBB	Ishares Biotechnology ETF	+0.2%	-6.29%	Trim
14	NVO	Novo-nordisk A/s-spons Adr	+0.1%	-2.13%	Trim
15	BDX	Becton Dickinson And Co	+0.1%	+45.23%	Add
16	MMM	3m Co	+0.1%	-2.38%	Trim
17	NFLX	Netflix INC	+0.1%	+0.77%	Add
18	KMB	Kimberly-clark CORP	+0.1%	-2.76%	Trim
19	✓	CK Hutchison Holdings Ltd	+0.1%	-1.45%	Trim
20	COST	Costco Wholesale CORP	+0.1%	—	Unchanged
21	AMZN	Amazon.com INC	+0.1%	—	Unchanged
22	CLX	Clorox Company	+0.1%	-3.09%	Trim
23	UPS	United Parcel Service-cl B	0%	-1.44%	Trim
24	EWI	iShares MSCI Italy ETF	0%	-0.48%	Trim
25	MSFT	Microsoft CORP	0%	-28.24%	Trim
26	CHRW	C.h. Robinson Worldwide INC	0%	-1.26%	Trim
27	✓	Market Vectors	0%	-46.08%	Trim
28	EWY	Ishares Msci South Korea ETF	0%	-6.84%	Trim
29	✓		0%	-0.83%	Trim
30	✓	Cheung Kong Proper	-0.1%	-1.45%	Trim
31	TIFEUR	Tiffany & Co	-0.1%	-7.10%	Trim
32	UGP	Ultrapar Particpac-spon Adr	-0.1%	-27.15%	Trim
33	TELFY	Telefonica Sa-spon Adr	-0.2%	-4.50%	Trim
34	NVS	Novartis Ag-sponsored Adr	-0.2%	-0.91%	Trim
35	✓	Powershares Global ETF Trust	-0.2%	-67.73%	Trim
36	UNH	Unitedhealth Group INC	-0.2%	-36.86%	Trim
37	GLD	Spdr Gold Shares	-0.2%	-2.52%	Trim
38	UNP	Union Pacific CORP	-0.3%	-8.54%	Trim
39	✓	Taser Intl INC	-0.3%	-3.86%	Trim
40	✓	Williams Partners, LP	-0.4%	-3.48%	Trim
41	AMLPUSD	Alerian Mlp ETF	-0.4%	-29.43%	Trim
42	CLRUSD	Continental Resources Inc/ok	-0.4%	-33.98%	Trim
43	D	Dominion Energy INC	-0.6%	-81.32%	Trim
44	DVN	Devon Energy CORP	-0.7%	-30.30%	Trim
45	TCPA	TransCanada PipeLines Limited 6	-0.9%	-77.57%	Trim
46	ENB	Enbridge INC	-1.3%	-54.49%	Trim
47	LNG	Cheniere Energy INC	-1.4%	-3.65%	Trim
48	TTMCHF	Tata Motors Ltd-spon Adr	—	NEW	New buy
49	GOOG	Alphabet Inc.	—	NEW	New buy
50	✓	Credit Suisse Nassau Brh	—	EXIT	Sold out

FAQ

What is Dunvegan Associates, Inc. and what type of investor is it?

Dunvegan Associates, Inc. is a 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 $85.1M, spread across 203 disclosed positions.

What are Dunvegan Associates, Inc.'s largest equity positions?

Based on the latest 13F filing, Dunvegan Associates, Inc.'s top holdings by market value are: 1. Mastercard INC - A (MA) — $9.5M (11.2%) 2. Mccormick & Co-non Vtg Shrs (MKC) — $6.8M (8.0%) 3. Visa Inc-class A Shares (V) — $5.6M (6.6%) 4. Cheniere Energy INC (LNG) — $3.9M (4.6%) 5. Eli Lilly & Co (LLY) — $3.5M (4.1%)

What changes did Dunvegan Associates, Inc. make in its most recent portfolio filing?

In the latest reported quarter, Dunvegan Associates, Inc. made 47 notable position adjustments: 2 new positions were initiated, 6 existing holdings were added to, 38 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Tata Motors Ltd-spon Adr (TTMCHF); New buy: Alphabet Inc. (GOOG); Sold out: Credit Suisse Nassau Brh; Trim: Cheniere Energy INC (LNG) — shares -3.65%; Trim: Enbridge INC (ENB) — shares -54.49%

What sectors does Dunvegan Associates, Inc. focus on?

Dunvegan Associates, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 50.3% • Health Care: 19.7% • Industrials: 10.8% • Consumer Staples: 7.9% • Communication Services: 4.4% • Consumer Discretionary: 3.2%