Riverhead Capital Management LLC

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$2.7B

Reporting period: 2019-09-30 · Number of holdings: 1497

RIVERHEAD CAPITAL MANAGEMENT LLC disclosed 1497 holdings in its latest 13F filing for the period ending 2019-09-30, with total reported value of $2.7B and a quarterly turnover rate of 28.2%.

Personality snowflake

Concentration: 1.65
Portfolio Stability: 28.18
Momentum/Contrarian: 100
Sector conviction: 49.74
Diversification: 100
Sizing Uniformity: 77.28

Recent moves

Add MSFT
+11.7%　$9.6M
Add T
+72.3%　$8.6M
Trim MET
-42.2%　-$8.5M
Trim PFE
-18.0%　-$7.5M
Trim RHI
-65.1%　-$7.2M
Add JNJ
+34.1%　$6.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	MSFT	Microsoft CORP	Stock-Tech	2.58%	+0.36%	+11.70%
2	AAPL	Apple INC	Stock-Tech	2.47%	+0.18%	-4.82%
3	JNJ	Johnson & Johnson	Stock-Healthcare	1.30%	+0.26%	+34.14%
4	AMZN	Amazon.com INC	Stock-Consumer Disc	1.13%	+0.12%	+21.58%
5	MRK	Merck & Co. INC.	Stock-Healthcare	1.04%	-0.12%	-11.15%
6	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	1.00%	+0.16%	+21.52%
7	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	0.82%	+0.22%	+21.43%
8	META	Meta Platforms Inc-class A	Stock-Comm Services	0.80%	—	+24.00%
9	CSCO	Cisco Systems INC	Stock-Tech	0.74%	+0.12%	+31.24%
10	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	0.74%	+0.74%	NEW
11	MCD	Mcdonald's CORP	Stock-Consumer Disc	0.72%	—	+13.59%
12	JPM	Jpmorgan Chase & Co	Stock-Financials	0.70%	+0.14%	+17.56%
13	PG	Procter & Gamble Co/the	Stock-Consumer Staples	0.68%	—	-11.73%
14	BA	Boeing Co/the	Stock-Industrials	0.67%	—	-14.97%
15	T	At&t INC	Stock-Comm Services	0.65%	+0.31%	+72.31%
16	WMT	Walmart INC	Stock-Consumer Staples	0.64%	+0.16%	+23.21%
17	HD	Home Depot INC	Stock-Consumer Disc	0.64%	—	+3.68%
18	CMCSA	Comcast Corp-class A	Stock-Comm Services	0.62%	—	+4.01%
19	CVX	Chevron CORP	Stock-Energy	0.61%	—	+2.29%
20	C	Citigroup INC	Stock-Financials	0.60%	+0.23%	+66.22%
21	XOM	Exxon Mobil CORP	Stock-Energy	0.59%	—	+15.84%
22	PFE	Pfizer INC	Stock-Healthcare	0.59%	-0.27%	-17.97%
23	TXN	Texas Instruments INC	Stock-Tech	0.58%	—	-10.10%
24	VZ	Verizon Communications INC	Stock-Comm Services	0.58%	—	+0.48%
25	V	Visa Inc-class A Shares	Stock-Financials	0.57%	—	+15.75%
26	CLX	Clorox Company	Stock-Consumer Staples	0.57%	—	-4.22%
27	MA	Mastercard INC - A	Stock-Financials	0.56%	—	+10.68%
28	BAC	Bank Of America CORP	Stock-Financials	0.54%	—	+21.93%
29	UNH	Unitedhealth Group INC	Stock-Healthcare	0.53%	—	+11.91%
30	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.52%	+0.17%	+32.13%
31	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	0.51%	—	+1.04%
32	AMGN	Amgen INC	Stock-Healthcare	0.48%	—	+5.60%
33	MSI	Motorola Solutions INC	Stock-Tech	0.48%	—	-5.47%
34	AVGO	Broadcom INC	Stock-Tech	0.48%	—	+21.86%
35	BIIB	Biogen INC	Stock-Healthcare	0.46%	—	-15.51%
36	INTC	Intel CORP	Stock-Tech	0.46%	—	-16.92%
37	TGT	Target CORP	Stock-Consumer Disc	0.46%	—	+1.65%
38	CMI	Cummins INC	Stock-Industrials	0.46%	-0.12%	-16.66%
39	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.45%	—	-20.82%
40	SYY	Sysco CORP	Stock-Consumer Staples	0.44%	—	+10.34%
41	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	0.42%	—	+19.07%
42	BMY	Bristol-myers Squibb Co	Stock-Healthcare	0.42%	+0.16%	+45.79%
43	AMAT	Applied Materials INC	Stock-Tech	0.40%	—	+4.29%
44	GSLC	Goldman Activebeta US Lc ETF	ETF-Commodities	0.40%	—	+1.06%
45	WLL 1.25 04-01-20	Whiting Petroleum CORP	Stock-Other	0.39%	—	+8.81%
46	GILD	Gilead Sciences INC	Stock-Healthcare	0.38%	—	+28.18%
47	MET	Metlife INC	Stock-Financials	0.38%	-0.31%	-42.23%
48	XRX	Xerox Holdings CORP	Stock-Industrials	0.38%	+0.38%	NEW
49	PSEC 4.75 04-15-20	Prospect Capital CORP	Stock-Other	0.37%	—	—
50	ORCL	Oracle CORP	Stock-Tech	0.37%	—	+35.71%

1–50 of 1,497

Portfolio Performance

Not enough priced holdings yet to compute performance

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2019-09-30	1497	$2.7B	28	1MSFT 2AAPL 3JNJ Top holdings2019-09-30 1.MSFT 2.AAPL 3.JNJ 4.AMZN 5.MRK 6.BRK-B 7.GOOGL 8.META 9.CSCO 10.IWM
2019-06-30	1518	$2.7B	34	1AAPL 2MSFT 3MRK Top holdings2019-06-30 1.AAPL 2.MSFT 3.MRK 4.JNJ 5.AMZN 6.PFE 7.BRK-B 8.BA 9.META 10.MET
2019-03-31	1489	$2.5B	35	1AAPL 2MSFT 3MRK Top holdings2019-03-31 1.AAPL 2.MSFT 3.MRK 4.PFE 5.BA 6.FFIV 7.PG 8.BIIB 9.JNJ 10.CSCO
2018-12-31	1487	$2.2B	35	1AAPL 2BA 3FFIV Top holdings2018-12-31 1.AAPL 2.BA 3.FFIV 4.PFE 5.BIIB 6.MSFT 7.BBY 8.CSCO 9.WBA 10.COP
2018-09-30	1558	$2.8B	32	1AAPL 2BA 3BBY Top holdings2018-09-30 1.AAPL 2.BA 3.BBY 4.FFIV 5.WBA 6.DXC 7.BIIB 8.MPC 9.PFE 10.MSFT
2018-06-30	1542	$2.5B	29	1AAPL 2BBY 3BA Top holdings2018-06-30 1.AAPL 2.BBY 3.BA 4.VLO 5.WMT 6.META 7.MPC 8.BIIB 9.FFIV 10.RHI
2018-03-31	1542	$2.4B	32	1BBY 2AAPL 3BA Top holdings2018-03-31 1.BBY 2.AAPL 3.BA 4.WMT 5.VLO 6.MPC 7.JNJ 8.ELV 9.ADBE 10.RHI
2017-12-31	1541	$2.4B	29	1BBY 2AAPL 3BA Top holdings2017-12-31 1.BBY 2.AAPL 3.BA 4.WMT 5.VLO 6.JNJ 7.LNC 8.URI 9.LUV 10.RHI
2017-09-30	1534	$2.1B	31	1BBY 2AAPL 3WMT Top holdings2017-09-30 1.BBY 2.AAPL 3.WMT 4.BA 5.VLO 6.JNJ 7.LNC 8.URI 9.STWD 3.75 10-15-17 10.AMAT
2017-06-30	1531	$2.0B	32	1BBY 2AAPL 3WMT Top holdings2017-06-30 1.BBY 2.AAPL 3.WMT 4.JNJ 5.AMAT 6.STWD 3.75 10-15-17 7.TXN 8.DRI 9.GOOG 10.PRU
2017-03-31	1515	$1.8B	33	1BBY 2WMT 3JNJ Top holdings2017-03-31 1.BBY 2.WMT 3.JNJ 4.AMAT 5.AAPL 6.TXN 7.T 8.DRI 9.CMI 10.MRK
2016-12-31	1495	$1.6B	34	1JNJ 2BBY 3WMT Top holdings2016-12-31 1.JNJ 2.BBY 3.WMT 4.TXN 5.T 6.DRI 7.AMAT 8.MSFT 9.MRK 10.PSEC 4.75 04-15-20
2016-09-30	1461	$1.6B	100	1JNJ 2MSFT 3MU 3 11-15-43 G Top holdings2016-09-30 1.JNJ 2.MSFT 3.MU 3 11-15-43 G 4.AAPL 5.TXN 6.GOOG 7.PSEC 4.75 04-15-20 8.GOOGL 9.MRK 10.ORLY
2016-06-30	1434	$3.1B	100	148205A2OFG 3AMZN Top holdings2016-06-30 1.48205A 2.OFG 3.AMZN 4.GOOGL 5.APOG 6.TXN 7.MCHP 8.ROCK 9.TRV 10.TYPEUSD
2016-03-31	1437	$7.1B	41	1JNJ 2AAPL 3ORLY Top holdings2016-03-31 1.JNJ 2.AAPL 3.ORLY 4.DAL 5.NKE 6.MSFT 7.V 8.GILD 9.DIS 10.TGT
2015-12-31	1334	$6.9B	36	1DIS 2AAPL 3JNJ Top holdings2015-12-31 1.DIS 2.AAPL 3.JNJ 4.V 5.UNH 6.ORLY 7.MSFT 8.META 9.NKE 10.AXP
2015-09-30	1215	$6.3B	29	1AAPL 2DIS 3JNJ Top holdings2015-09-30 1.AAPL 2.DIS 3.JNJ 4.V 5.CSCO 6.EXE 2.75 11-15-35 7.ORLY 8.PG 9.LOW 10.UNH
2015-06-30	622	$6.6B	20	1AAPL 2CSCO 3DIS Top holdings2015-06-30 1.AAPL 2.CSCO 3.DIS 4.JNJ 5.UNH 6.PG 7.EXE 2.75 11-15-35 8.HD 9.LLY 10.ELV
2015-03-31	623	$6.6B	25	1AAPL 2JNJ 3UNH Top holdings2015-03-31 1.AAPL 2.JNJ 3.UNH 4.ELV 5.PG 6.MSFT 7.HD 8.EXE 2.75 11-15-35 9.MCK 10.CSCO
2014-12-31	624	$6.6B	26	1AAPL 2JNJ 3MSFT Top holdings2014-12-31 1.AAPL 2.JNJ 3.MSFT 4.PG 5.ELV 6.MCK 7.ORCL 8.EXE 2.75 11-15-35 9.CVS 10.00817Y
2014-09-30	636	$5.8B	27	1JNJ 2AAPL 3MCK Top holdings2014-09-30 1.JNJ 2.AAPL 3.MCK 4.PG 5.94973V 6.PSX 7.EXE 2.75 11-15-35 8.SLB 9.MSFT 10.LYB
2014-06-30	628	$5.3B	27	1JNJ 2AAPL 3MCK Top holdings2014-06-30 1.JNJ 2.AAPL 3.MCK 4.GCN 2 08-01-14 5.XOM 6.UNH 7.SLB 8.V 9.VNQ 10.94973V
2014-03-31	634	$4.6B	33	1JNJ 2MCK 3JPM Top holdings2014-03-31 1.JNJ 2.MCK 3.JPM 4.GCN 2 08-01-14 5.XOM 6.AAPL 7.UNH 8.MET 9.C 10.VNQ
2013-12-31	494	$3.8B	45	1JNJ 2MCK 3XOM Top holdings2013-12-31 1.JNJ 2.MCK 3.XOM 4.AAPL 5.WMT 6.IBM 7.VNQ 8.TGT 9.C 10.JPM
2013-09-30	425	$3.1B	30	1JNJ 2AAPL 3XOM Top holdings2013-09-30 1.JNJ 2.AAPL 3.XOM 4.IBM 5.KMB 6.WMT 7.VNQ 8.JPM 9.MMM 10.TGT
2013-06-30	442	$3.0B	0	1JNJ 2XOM 3KMB Top holdings2013-06-30 1.JNJ 2.XOM 3.KMB 4.AAPL 5.MSFT 6.UNH 7.WMT 8.VNQ 9.MMM 10.CVX

Holding changes this quarter

Riverhead Capital Management LLC's most significant position changes for 2019-09-30: New buy: Ishares Russell 2000 ETF (IWM); New buy: Xerox Holdings CORP (XRX); Sold out: Xerox CORP (XRXCHF); New buy: Service Properties Trust (SVC); Sold out: Hospitality Properties Trust (HPTUSD).

Position changes disclosed by Riverhead Capital Management LLC for the quarter ending 2019-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	MSFT	Microsoft CORP	+0.4%	+11.70%	Add
2	T	At&t INC	+0.3%	+72.31%	Add
3	JNJ	Johnson & Johnson	+0.3%	+34.14%	Add
4	C	Citigroup INC	+0.2%	+66.22%	Add
5	GOOGL	Alphabet Inc-cl A	+0.2%	+21.43%	Add
6	AAPL	Apple INC	+0.2%	-4.82%	Trim
7	GOOG	Alphabet Inc-cl C	+0.2%	+32.13%	Add
8	BMY	Bristol-myers Squibb Co	+0.2%	+45.79%	Add
9	SYF	Synchrony Financial	+0.2%	+147.68%	Add
10	WMT	Walmart INC	+0.2%	+23.21%	Add
11	BRK-B	Berkshire Hathaway Inc-cl B	+0.2%	+21.52%	Add
12	JPM	Jpmorgan Chase & Co	+0.1%	+17.56%	Add
13	MCK	Mckesson CORP	+0.1%	+207.13%	Add
14	ALK	Alaska Air Group INC	+0.1%	+169.19%	Add
15	NUE	Nucor CORP	+0.1%	+128.84%	Add
16	AMZN	Amazon.com INC	+0.1%	+21.58%	Add
17	EL	Estee Lauder Companies-cl A	+0.1%	+62.45%	Add
18	CSCO	Cisco Systems INC	+0.1%	+31.24%	Add
19	MU	Micron Technology INC	-0.1%	-51.95%	Trim
20	GRMN	Garmin Ltd.	-0.1%	-76.83%	Trim
21	MRK	Merck & Co. INC.	-0.1%	-11.15%	Trim
22	GLW	Corning INC	-0.1%	-43.11%	Trim
23	CMI	Cummins INC	-0.1%	-16.66%	Trim
24	PHM	Pultegroup INC	-0.1%	-54.45%	Trim
25	SLG2EUR	Sl Green Realty CORP	-0.1%	-66.08%	Trim
26	BEN	Franklin Resources INC	-0.1%	-70.43%	Trim
27	DIS	Walt Disney Co/the	-0.1%	-31.47%	Trim
28	AFL	Aflac INC	-0.2%	-62.41%	Trim
29	PAYX	Paychex INC	-0.2%	-58.64%	Trim
30	EXC	Exelon CORP	-0.2%	-37.54%	Trim
31	DRI	Darden Restaurants INC	-0.2%	-30.13%	Trim
32	OGE	Oge Energy CORP	-0.2%	-58.05%	Trim
33	OMC	Omnicom Group	-0.2%	-38.97%	Trim
34	TXT	Textron INC	-0.2%	-76.42%	Trim
35	COP	Conocophillips	-0.2%	-31.84%	Trim
36	✓		-0.2%	-85.87%	Trim
37	CCL1EUR	Carnival CORP LTD	-0.2%	-71.95%	Trim
38	ZION	Zions Bancorp NA	-0.2%	-36.17%	Trim
39	NTAP	Netapp INC	-0.2%	-42.19%	Trim
40	FFIV	F5 INC	-0.2%	-32.09%	Trim
41	ALLY	Ally Financial INC	-0.2%	-45.00%	Trim
42	FTNT	Fortinet INC	-0.2%	-70.91%	Trim
43	PFE	Pfizer INC	-0.3%	-17.97%	Trim
44	RHI	Robert Half INC	-0.3%	-65.10%	Trim
45	MET	Metlife INC	-0.3%	-42.23%	Trim
46	IWM	Ishares Russell 2000 ETF	—	NEW	New buy
47	XRX	Xerox Holdings CORP	—	NEW	New buy
48	XRXCHF	Xerox CORP	—	EXIT	Sold out
49	SVC	Service Properties Trust	—	NEW	New buy
50	HPTUSD	Hospitality Properties Trust	—	EXIT	Sold out

FAQ

What is Riverhead Capital Management LLC and what type of investor is it?

Riverhead Capital Management LLC 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 (2019-09-30), the firm manages a tracked equity portfolio valued at approximately $2.7B, spread across 1497 disclosed positions.

What are Riverhead Capital Management LLC's largest equity positions?

Based on the latest 13F filing, Riverhead Capital Management LLC's top holdings by market value are: 1. Microsoft CORP (MSFT) — $69.8M (2.6%) 2. Apple INC (AAPL) — $66.9M (2.5%) 3. Johnson & Johnson (JNJ) — $35.2M (1.3%) 4. Amazon.com INC (AMZN) — $30.5M (1.1%) 5. Merck & Co. INC. (MRK) — $28.1M (1.0%)

What changes did Riverhead Capital Management LLC make in its most recent portfolio filing?

In the latest reported quarter, Riverhead Capital Management LLC made 50 notable position adjustments: 3 new positions were initiated, 17 existing holdings were added to, 28 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Ishares Russell 2000 ETF (IWM); New buy: Xerox Holdings CORP (XRX); Sold out: Xerox CORP (XRXCHF); New buy: Service Properties Trust (SVC); Sold out: Hospitality Properties Trust (HPTUSD)

What sectors does Riverhead Capital Management LLC focus on?

Riverhead Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 26.9% • Health Care: 19.3% • Financials: 15.7% • Communication Services: 11.4% • Consumer Discretionary: 10.1% • Industrials: 6.6%