Ajo, LP

High-turnover traderSector-focusedContrarian

Total reported value

$199.5M

Reporting period: 2021-03-31 · Number of holdings: 43

AJO, LP disclosed 43 holdings in its latest 13F filing for the period ending 2021-03-31, with total reported value of $199.5M and a quarterly turnover rate of 152.0%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "A"

Personality snowflake

Concentration: 14.29
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 86
Sizing Uniformity: 92.59

Recent moves

Add VST
+521.5%　$7.5M
Add AAWWUSD
+282.6%　$6.8M
Add HPQ
-83.4%　-$11.6M
Sold out VZ
Sold out GOOGL
Sold out C

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	GT	Goodyear Tire & Rubber Co	Stock-Consumer Disc	5.87%	—	-0.86%
2	LUMN	Lumen Technologies INC	Stock-Comm Services	5.00%	—	+3.19%
3	THC	Tenet Healthcare CORP	Stock-Healthcare	4.91%	—	-4.73%
4	R	Ryder System INC	Stock-Industrials	4.91%	—	-22.03%
5	F	Ford Motor Co	Stock-Consumer Disc	4.88%	—	-3.60%
6	VST	Vistra CORP	Stock-Utilities	4.56%	+4.39%	+521.46%
7	AAWWUSD	Atlas Air Worldwide Holdings	Stock-Other	4.44%	+4.22%	+282.60%
8	CAR	Avis Budget Group INC	Stock-Other	4.32%	—	-5.88%
9	QVCAUSD	Qurate Retail Inc-series A	Stock-Other	4.24%	—	+5.16%
10	DXC	Dxc Technology Co	Stock-Tech	4.16%	—	-4.73%
11	HPE	Hewlett Packard Enterprise	Stock-Tech	4.15%	—	-0.05%
12	LBTYA	Liberty Global Ltd.	Stock-Other	4.06%	—	+64.08%
13	PUMP	Propetro Holding CORP	Stock-Other	3.73%	—	-16.39%
14	SIG	Signet Jewelers Limited	Stock-Consumer Disc	3.40%	—	-7.69%
15	SNX	TD Synnex CORP	Stock-Tech	3.29%	—	+160.57%
16	TDS	Telephone And Data Systems	Stock-Comm Services	3.08%	—	-26.85%
17	MUR	Murphy Oil CORP	Stock-Energy	2.97%	—	-4.73%
18	XRX	Xerox Holdings CORP	Stock-Industrials	2.67%	—	-6.68%
19	KSA	Ishrs Msci Saudi Arabia ETF	ETF-Other	2.49%	—	-3.78%
20	HCC	Warrior Met Coal INC	Stock-Materials	2.43%	—	-19.57%
21	HRI	Herc Holdings INC	Stock-Other	1.83%	—	-39.30%
22	DNOW	Dnow INC	Stock-Other	1.60%	—	-4.73%
23	HPQ	Hp INC	Stock-Tech	1.59%	+0.06%	-83.40%
24	PTEN	Patterson-uti Energy INC	Stock-Energy	1.51%	—	-6.97%
25	ATRO	Astronics CORP	Stock-Other	1.48%	—	-4.73%
26	UFS	Domtar CORP	Stock-Other	1.37%	—	-4.73%
27	DHT	DHT Holdings, Inc.	Stock-Other	1.20%	—	—
28	AA	Alcoa CORP	Stock-Materials	1.02%	—	-56.94%
29	EQT	Eqt CORP	Stock-Energy	0.99%	—	+2.14%
30	KSS	Kohls CORP	Stock-Consumer Disc	0.98%	—	-20.64%
31	DAC	Danaos Corporation	Stock-Other	0.96%	—	—
32	✓	Audacy Inc	Stock-Other	0.86%	—	—
33	CAI1USD	Cai International INC	Stock-Other	0.79%	—	-4.73%
34	ARCH1USD	Arch Resources INC	Stock-Other	0.77%	—	-47.03%
35	KRAUSD	Kraton CORP	Stock-Other	0.73%	—	-4.73%
36	DCH	Dauch Corporation	Stock-Other	0.63%	—	-4.73%
37	CMTL	Comtech Telecommunications	Stock-Other	0.57%	—	-13.98%
38	LDLEUR	Lydall INC	Stock-Other	0.53%	—	-4.74%
39	YELP	Yelp INC	Stock-Other	0.45%	—	-4.74%
40	CYD	China Yuchai International Limited	Stock-Other	0.22%	—	+7.08%
41	✓	Adecoagro SA	Stock-Other	0.19%	—	—
42	INDA	Ishares Msci India ETF	ETF-Other	0.10%	—	—
43	SBLK	Star Bulk Carriers Corp.	Stock-Other	0.08%	—	—

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2021-03-31	43	$199.5M	100	1GT 2LUMN 3THC Top holdings2021-03-31 1.GT 2.LUMN 3.THC 4.R 5.F 6.VST 7.AAWWUSD 8.CAR 9.QVCAUSD 10.DXC
2020-12-31	266	$965.4M	100	1VZ 2GOOGL 3C Top holdings2020-12-31 1.VZ 2.GOOGL 3.C 4.XOM 5.JNJ 6.MS 7.HD 8.HPQ 9.MU 10.GS
2020-09-30	679	$9.5B	67	1GOOGL 2VZ 3PFE Top holdings2020-09-30 1.GOOGL 2.VZ 3.PFE 4.MSFT 5.HD 6.AMZN 7.JNJ 8.PM 9.ATVIEUR 10.MRK
2020-06-30	667	$10.9B	71	1INTC 2VZ 3MSFT Top holdings2020-06-30 1.INTC 2.VZ 3.MSFT 4.AMZN 5.PFE 6.BMY 7.C 8.ATVIEUR 9.PM 10.EA
2020-03-31	651	$11.1B	74	1JNJ 2VZ 3MSFT Top holdings2020-03-31 1.JNJ 2.VZ 3.MSFT 4.PFE 5.AMZN 6.INTC 7.PG 8.PM 9.MDT 10.ATVIEUR
2019-12-31	567	$16.9B	41	1JNJ 2VZ 3C Top holdings2019-12-31 1.JNJ 2.VZ 3.C 4.PFE 5.MDLZ 6.PG 7.MRK 8.MSFT 9.PEP 10.HPQ
2019-09-30	600	$17.2B	43	1JNJ 2VZ 3C Top holdings2019-09-30 1.JNJ 2.VZ 3.C 4.CVX 5.PFE 6.INTC 7.PEP 8.EXC 9.MRK 10.PM
2019-06-30	612	$19.3B	54	1JNJ 2VZ 3PFE Top holdings2019-06-30 1.JNJ 2.VZ 3.PFE 4.CVX 5.C 6.PEP 7.MRK 8.EXC 9.TSN 10.HPQ
2019-03-31	653	$19.4B	50	1JNJ 2PFE 3VZ Top holdings2019-03-31 1.JNJ 2.PFE 3.VZ 4.MRK 5.CVX 6.MSFT 7.BAC 8.GOOGL 9.EXC 10.COP
2018-12-31	628	$17.8B	49	1PFE 2VZ 3MRK Top holdings2018-12-31 1.PFE 2.VZ 3.MRK 4.JNJ 5.BAC 6.MSFT 7.COP 8.EXC 9.GOOGL 10.PEP
2018-09-30	628	$21.2B	39	1JNJ 2PFE 3VZ Top holdings2018-09-30 1.JNJ 2.PFE 3.VZ 4.BAC 5.MRK 6.GOOGL 7.COP 8.MSFT 9.HPQ 10.BAX
2018-06-30	639	$21.7B	42	1JNJ 2VZ 3PFE Top holdings2018-06-30 1.JNJ 2.VZ 3.PFE 4.BAC 5.XOM 6.MRK 7.VLO 8.BAX 9.PEP 10.MSFT
2018-03-31	615	$21.8B	32	1JNJ 2BAC 3PFE Top holdings2018-03-31 1.JNJ 2.BAC 3.PFE 4.JPM 5.XOM 6.VZ 7.VLO 8.MRK 9.MPC 10.PEP
2017-12-31	602	$23.2B	37	1JNJ 2BAC 3PFE Top holdings2017-12-31 1.JNJ 2.BAC 3.PFE 4.XOM 5.JPM 6.VZ 7.MSFT 8.MRK 9.VLO 10.PEP
2017-09-30	560	$23.0B	35	1JNJ 2BAC 3PFE Top holdings2017-09-30 1.JNJ 2.BAC 3.PFE 4.XOM 5.JPM 6.MRK 7.WMT 8.VZ 9.MSFT 10.AMAT
2017-06-30	568	$23.4B	56	1JNJ 2BAC 3XOM Top holdings2017-06-30 1.JNJ 2.BAC 3.XOM 4.PFE 5.JPM 6.MRK 7.WMT 8.VZ 9.DIS 10.PEP
2017-03-31	521	$24.2B	28	1JPM 2JNJ 3BAC Top holdings2017-03-31 1.JPM 2.JNJ 3.BAC 4.PFE 5.C 6.XOM 7.WMT 8.VZ 9.INTC 10.PEP
2016-12-31	518	$24.3B	29	1JPM 2JNJ 3BAC Top holdings2016-12-31 1.JPM 2.JNJ 3.BAC 4.C 5.PFE 6.XOM 7.VZ 8.T 9.INTC 10.AIG
2016-09-30	513	$23.4B	30	1JNJ 2JPM 3PFE Top holdings2016-09-30 1.JNJ 2.JPM 3.PFE 4.BAC 5.XOM 6.C 7.VZ 8.INTC 9.AIG 10.T
2016-06-30	479	$22.5B	31	1JNJ 2JPM 3PFE Top holdings2016-06-30 1.JNJ 2.JPM 3.PFE 4.BAC 5.VZ 6.C 7.XOM 8.T 9.TRV 10.INTC
2016-03-31	478	$23.1B	28	1JNJ 2JPM 3PFE Top holdings2016-03-31 1.JNJ 2.JPM 3.PFE 4.BAC 5.MSFT 6.C 7.INTC 8.VZ 9.TRV 10.AIG
2015-12-31	516	$23.1B	28	1JNJ 2JPM 3PFE Top holdings2015-12-31 1.JNJ 2.JPM 3.PFE 4.BAC 5.C 6.INTC 7.MSFT 8.AIG 9.TRV 10.VZ
2015-09-30	503	$21.8B	36	1JPM 2JNJ 3PFE Top holdings2015-09-30 1.JPM 2.JNJ 3.PFE 4.BAC 5.C 6.AIG 7.INTC 8.XOM 9.AAPL 10.VZ
2015-06-30	512	$23.5B	48	1JPM 2PFE 3JNJ Top holdings2015-06-30 1.JPM 2.PFE 3.JNJ 4.C 5.XOM 6.AIG 7.AAPL 8.INTC 9.VLO 10.PM
2015-03-31	475	$23.9B	35	1JPM 2C 3XOM Top holdings2015-03-31 1.JPM 2.C 3.XOM 4.AAPL 5.AIG 6.CAH 7.TRV 8.ALL 9.VLO 10.AXP
2014-12-31	446	$23.6B	40	1JPM 2C 3INTC Top holdings2014-12-31 1.JPM 2.C 3.INTC 4.AIG 5.AAPL 6.TRV 7.COF 8.ALL 9.CAH 10.AXP
2014-09-30	423	$22.6B	37	1JPM 2INTC 3XOM Top holdings2014-09-30 1.JPM 2.INTC 3.XOM 4.AIG 5.AAPL 6.T 7.COF 8.CAH 9.ALL 10.TRV
2014-06-30	437	$23.3B	37	1XOM 2AIG 3T Top holdings2014-06-30 1.XOM 2.AIG 3.T 4.INTC 5.COF 6.AAPL 7.BKR 8.CVX 9.TRV 10.CAH
2014-03-31	392	$22.9B	47	1XOM 2BAC 3AIG Top holdings2014-03-31 1.XOM 2.BAC 3.AIG 4.AAPL 5.CVX 6.EIX 7.OXY 8.RTN1USD 9.VLO 10.ALL
2013-12-31	434	$22.9B	40	1XOM 2CVX 3AIG Top holdings2013-12-31 1.XOM 2.CVX 3.AIG 4.WFC 5.COP 6.NOC 7.RTN1USD 8.CI 9.CAH 10.DFSEUR
2013-09-30	480	$22.0B	61	1XOM 2CVX 3JPM Top holdings2013-09-30 1.XOM 2.CVX 3.JPM 4.GS 5.COP 6.AIG 7.WFC 8.NOC 9.RTN1USD 10.TRV
2013-06-30	498	$21.5B	0	1XOM 2JPM 3CVX Top holdings2013-06-30 1.XOM 2.JPM 3.CVX 4.JNJ 5.WFC 6.GS 7.C 8.COP 9.CSCO 10.NOC

Holding changes this quarter

Ajo, LP's most significant position changes for 2021-03-31: Sold out: Verizon Communications INC (VZ); Sold out: Alphabet Inc-cl A (GOOGL); Sold out: Citigroup INC (C); Sold out: Exxon Mobil CORP (XOM); Sold out: Johnson & Johnson (JNJ).

Position changes disclosed by Ajo, LP for the quarter ending 2021-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VST	Vistra CORP	+4.4%	+521.46%	Add
2	AAWWUSD	Atlas Air Worldwide Holdings	+4.2%	+282.60%	Add
3	HPQ	Hp INC	+0.1%	-83.40%	Trim
4	VZ	Verizon Communications INC	—	EXIT	Sold out
5	GOOGL	Alphabet Inc-cl A	—	EXIT	Sold out
6	C	Citigroup INC	—	EXIT	Sold out
7	XOM	Exxon Mobil CORP	—	EXIT	Sold out
8	JNJ	Johnson & Johnson	—	EXIT	Sold out
9	MS	Morgan Stanley	—	EXIT	Sold out
10	HD	Home Depot INC	—	EXIT	Sold out
11	MU	Micron Technology INC	—	EXIT	Sold out
12	GS	Goldman Sachs Group INC	—	EXIT	Sold out
13	BRK-B	Berkshire Hathaway Inc-cl B	—	EXIT	Sold out
14	ATVIEUR	Activision Blizzard INC	—	EXIT	Sold out
15	PM	Philip Morris International	—	EXIT	Sold out
16	EA	Electronic Arts INC	—	EXIT	Sold out
17	SYF	Synchrony Financial	—	EXIT	Sold out
18	BNY	Bank Of New York Mellon CORP	—	EXIT	Sold out
19	ALXN	Alexion Pharmaceuticals INC	—	EXIT	Sold out
20	ORCL	Oracle CORP	—	EXIT	Sold out
21	ALLY	Ally Financial INC	—	EXIT	Sold out
22	MDT	Medtronic plc	—	EXIT	Sold out
23	CMI	Cummins INC	—	EXIT	Sold out
24	AMAT	Applied Materials INC	—	EXIT	Sold out
25	MSFT	Microsoft CORP	—	EXIT	Sold out
26	MCK	Mckesson CORP	—	EXIT	Sold out
27	STLD	Steel Dynamics INC	—	EXIT	Sold out
28	EBAY	Ebay INC	—	EXIT	Sold out
29	META	Meta Platforms Inc-class A	—	EXIT	Sold out
30	MAS	Masco CORP	—	EXIT	Sold out
31	AES	Aes CORP	—	EXIT	Sold out
32	OC	Owens Corning	—	EXIT	Sold out
33	MO	Altria Group INC	—	EXIT	Sold out
34	MRK	Merck & Co. INC.	—	EXIT	Sold out
35	EOG	Eog Resources INC	—	EXIT	Sold out
36	BBY	Best Buy Co INC	—	EXIT	Sold out
37	M	Macy's INC	—	EXIT	Sold out
38	STT	State Street CORP	—	EXIT	Sold out
39	NRG	Nrg Energy INC	—	EXIT	Sold out
40	ALSN	Allison Transmission Holding	—	EXIT	Sold out
41	JEF	Jefferies Financial Group In	—	EXIT	Sold out
42	DREUSD	Duke Realty CORP	—	EXIT	Sold out
43	DHR	Danaher CORP	—	EXIT	Sold out
44	TTWO	Take-two Interactive Softwre	—	EXIT	Sold out
45	CFG	Citizens Financial Group	—	EXIT	Sold out
46	PNW	Pinnacle West Capital	—	EXIT	Sold out
47	MAN	Manpowergroup INC	—	EXIT	Sold out
48	CVS	Cvs Health CORP	—	EXIT	Sold out
49	CAH	Cardinal Health INC	—	EXIT	Sold out
50	RS	Reliance INC	—	EXIT	Sold out

FAQ

What is Ajo, LP and what type of investor is it?

Ajo, LP 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 (2021-03-31), the firm manages a tracked equity portfolio valued at approximately $199.5M, spread across 43 disclosed positions.

What are Ajo, LP's largest equity positions?

Based on the latest 13F filing, Ajo, LP's top holdings by market value are: 1. Goodyear Tire & Rubber Co (GT) — $11.7M (5.9%) 2. Lumen Technologies INC (LUMN) — $10.0M (5.0%) 3. Tenet Healthcare CORP (THC) — $9.8M (4.9%) 4. Ryder System INC (R) — $9.8M (4.9%) 5. Ford Motor Co (F) — $9.7M (4.9%)

What changes did Ajo, LP make in its most recent portfolio filing?

In the latest reported quarter, Ajo, LP made 50 notable position adjustments: 0 new positions were initiated, 2 existing holdings were added to, 1 positions were partially reduced, and 47 were completely exited. The largest of these moves: Sold out: Verizon Communications INC (VZ); Sold out: Alphabet Inc-cl A (GOOGL); Sold out: Citigroup INC (C); Sold out: Exxon Mobil CORP (XOM); Sold out: Johnson & Johnson (JNJ)

What sectors does Ajo, LP focus on?

Ajo, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Utilities: 74.1% • Information Technology: 25.9%