Tradewinds Global Investors, LLC

Diversified strategyHigh-turnover traderSector-focused

Total reported value

$81.3M

Reporting period: 2016-09-30 · Number of holdings: 51

Tradewinds Global Investors, LLC disclosed 51 holdings in its latest 13F filing for the period ending 2016-09-30, with total reported value of $81.3M and a quarterly turnover rate of 180.0%.

Personality snowflake

Concentration: 11.18
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 100
Sizing Uniformity: 93.41

Recent moves

Add ING
-87.2%　-$17.8M
Add TS
-86.5%　-$19.6M
Add PKX
-88.4%　-$14.1M
Add SAP
-89.3%　-$13.6M
Add GSKH
-87.6%　-$13.8M
Add SKMEUR
-92.9%　-$42.1M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AXS	AXIS Capital Holdings Limited	Stock-Financials	5.10%	+0.66%	-93.86%
2	SKMEUR	Sk Telecom Co Ltd-spon Adr	Stock-Other	4.27%	+1.31%	-92.95%
3	NTTYY	Ntt INC - Adr	Stock-Other	4.25%	+0.84%	-93.24%
4	R6C2	Royal Dutch Shell-spon Adr-b	Stock-Other	3.97%	+0.29%	-93.95%
5	ING	Ing Groep N.v.-sponsored Adr	Stock-Financials	3.97%	+2.60%	-87.15%
6	TM	Toyota Motor CORP -spon Adr	Stock-Consumer Disc	3.90%	+0.88%	-94.12%
7	SKYW	Skywest INC	Stock-Industrials	3.85%	—	-73.24%
8	TS	Tenaris Sa-adr	Stock-Other	3.71%	+2.24%	-86.45%
9	SNY	Sanofi-adr	Stock-Healthcare	3.51%	+1.31%	-90.76%
10	TEVA	Teva Pharmaceutical-sp Adr	Stock-Healthcare	3.41%	+0.09%	-94.08%
11	✓	Agrium INC	Stock-Other	3.33%	-0.11%	-95.10%
12	✓		Stock-Other	2.91%	—	-17.98%
13	FLEX	Flex Ltd.	Stock-Tech	2.82%	+1.02%	-92.84%
14	CNQ	Canadian Natural Resources	Stock-Energy	2.72%	+0.81%	-92.76%
15	PKX	Posco Holdings INC -spon Adr	Stock-Other	2.67%	+1.61%	-88.37%
16	SAP	Sap Se-sponsored Adr	Stock-Tech	2.51%	+1.49%	-89.30%
17	CBAN	Colony Bankcorp, Inc.	Stock-Other	2.40%	—	-85.32%
18	GSKH	GSK plc ADRhedged	ETF-Other	2.39%	+1.37%	-87.56%
19	ERIC	Ericsson (lm) Tel-sp Adr	Stock-Tech	2.24%	+0.07%	-94.18%
20	CITUSD	Cit Group INC	Stock-Other	2.17%	+1.24%	-89.20%
21	GT	Goodyear Tire & Rubber Co	Stock-Consumer Disc	2.14%	+0.59%	-94.20%
22	MAN	Manpowergroup INC	Stock-Industrials	2.08%	+0.70%	-92.88%
23	AES	Aes CORP	Stock-Utilities	2.08%	+0.50%	-93.26%
24	CCJ	Cameco CORP	Stock-Energy	2.01%	+0.28%	-92.15%
25	MU	Micron Technology INC	Stock-Tech	1.86%	+0.81%	-92.76%
26	CNA	Cna Financial CORP	Stock-Other	1.68%	+0.92%	-89.31%
27	LXPUSD	Lxp Industrial Trust	Stock-Other	1.58%	+0.57%	-91.87%
28	✓		Stock-Other	1.54%	—	-85.96%
29	✓	Leucadia Natl CORP	Stock-Other	1.52%	—	-84.40%
30	MDRX	Veradigm INC	Stock-Other	1.48%	—	-80.42%
31	CTLEUR	Centurylink INC	Stock-Other	1.46%	-1.03%	-96.73%
32	IPXLEUR	Impax Laboratories INC	Stock-Other	1.45%	—	-84.51%
33	AON	Aon plc	Stock-Financials	1.42%	—	+9.34%
34	BG	Bunge Global SA	Stock-Consumer Staples	1.25%	-1.01%	-97.08%
35	BBY	Best Buy Co INC	Stock-Consumer Disc	1.08%	—	-68.38%
36	KT	Kt Corp-sp Adr	Stock-Other	1.04%	—	-91.76%
37	TG7	Triumph Group INC	Stock-Other	1.02%	—	-87.77%
38	FSLR	First Solar INC	Stock-Tech	0.93%	—	-84.23%
39	✓	Dsw INC	Stock-Other	0.92%	+0.15%	-93.41%
40	BRSEUR	Bristow Group INC	Stock-Other	0.70%	—	-67.00%
41	IPG	Interpublic Group Of Cos INC	Stock-Other	0.65%	-0.44%	-96.75%
42	CBZ	Cbiz INC	Stock-Other	0.59%	—	-68.77%
43	✓		Stock-Other	0.49%	—	-68.30%
44	PHG	Koninklijke Philips Nvr- Ny	Stock-Healthcare	0.44%	—	-86.33%
45	✓	Arctic Cat INC	Stock-Other	0.43%	—	-71.03%
46	NRG	Nrg Energy INC	Stock-Utilities	0.41%	—	-95.74%
47	FOSL	Fossil Group INC	Stock-Other	0.39%	—	-68.54%
48	SU	Suncor Energy INC	Stock-Energy	0.37%	—	-2.97%
49	LSAK	Lesaka Technologies INC	Stock-Other	0.33%	—	-67.52%
50	RCL	Royal Caribbean Cruises Ltd.	Stock-Consumer Disc	0.30%	-1.10%	-98.86%

1–50 of 51

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2016-09-30	51	$81.3M	100	1AXS 2SKMEUR 3NTTYY Top holdings2016-09-30 1.AXS 2.SKMEUR 3.NTTYY 4.R6C2 5.ING 6.TM 7.SKYW 8.TS 9.SNY 10.TEVA
2016-06-30	174	$1.5B	25	1AXS 2R6C23008916 Top holdings2016-06-30 1.AXS 2.R6C2 3.008916 4.NTTYY 5.UBS 6.TEVA 7.TM 8.SKMEUR 9.CTLEUR 10.BG
2016-03-31	135	$1.7B	26	1AXS 2UBS 3TEVA Top holdings2016-03-31 1.AXS 2.UBS 3.TEVA 4.NTTYY 5.R6C2 6.008916 7.SKMEUR 8.ERIC 9.TM 10.SNY
2015-12-31	137	$1.7B	34	1UBS 2AXS 3NTTYY Top holdings2015-12-31 1.UBS 2.AXS 3.NTTYY 4.TEVA 5.008916 6.ERIC 7.R6C2 8.TM 9.FLEX 10.SKMEUR
2015-09-30	131	$2.0B	24	1UBS 2AXS 3INGM Top holdings2015-09-30 1.UBS 2.AXS 3.INGM 4.NTTYY 5.TEVA 6.C 7.TSN 8.SKMEUR 9.AIG 10.R6C2
2015-06-30	117	$2.3B	29	1UBS 2TEVA 3AXS Top holdings2015-06-30 1.UBS 2.TEVA 3.AXS 4.NTTYY 5.INGM 6.C 7.AIG 8.R6C2 9.TSN 10.SNY
2015-03-31	123	$2.5B	41	1NTTYY 2UBS 3TEVA Top holdings2015-03-31 1.NTTYY 2.UBS 3.TEVA 4.SNY 5.AXS 6.PKX 7.R6C2 8.INGM 9.AIG 10.C
2014-12-31	105	$2.5B	45	1TEVA 2UBS 3AXS Top holdings2014-12-31 1.TEVA 2.UBS 3.AXS 4.R6C2 5.AIG 6.GM 7.008916 8.INGM 9.NTTYY 10.SNY
2014-09-30	97	$2.7B	27	1TEVA 2UBS 3AXS Top holdings2014-09-30 1.TEVA 2.UBS 3.AXS 4.008916 5.NTTYY 6.R6C2 7.INGM 8.AIG 9.KB 10.ABX
2014-06-30	93	$3.0B	55	1TEVA 2AXS3008916 Top holdings2014-06-30 1.TEVA 2.AXS 3.008916 4.UBS 5.NTTYY 6.R6C2 7.KB 8.ABX 9.INGM 10.AIG
2014-03-31	97	$4.0B	29	1DNDN 2.875 01-15-16 2TEVA 3AXS Top holdings2014-03-31 1.DNDN 2.875 01-15-16 2.TEVA 3.AXS 4.UBS 5.008916 6.R6C2 7.KB 8.ABX 9.NTTYY 10.AIG
2013-12-31	111	$4.0B	19	1DNDN 2.875 01-15-16 2UBS 3TEVA Top holdings2013-12-31 1.DNDN 2.875 01-15-16 2.UBS 3.TEVA 4.KB 5.AXS 6.008916 7.AIG 8.NTTYY 9.ABX 10.87425E
2013-09-30	118	$3.8B	61	1DNDN 2.875 01-15-16 2AXS 3UBS Top holdings2013-09-30 1.DNDN 2.875 01-15-16 2.AXS 3.UBS 4.KB 5.TEVA 6.AIG 7.ABX 8.008916 9.R6C2 10.NTTYY
2013-06-30	114	$3.3B	0	1TEVA 2UBS 3NTTYY Top holdings2013-06-30 1.TEVA 2.UBS 3.NTTYY 4.CCJ 5.ABX 6.AIG 7.R6C2 8.AXS 9.BG 10.KGC

Holding changes this quarter

Tradewinds Global Investors, LLC's most significant position changes for 2016-09-30: Sold out: UBS Group AG (UBS); Sold out: Bp Plc-spons Adr (BP); Sold out: Citigroup INC (C); Sold out: Pfizer INC (PFE); Sold out: Oracle CORP (ORCL).

Position changes disclosed by Tradewinds Global Investors, LLC for the quarter ending 2016-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ING	Ing Groep N.v.-sponsored Adr	+2.6%	-87.15%	Trim
2	TS	Tenaris Sa-adr	+2.2%	-86.45%	Trim
3	PKX	Posco Holdings INC -spon Adr	+1.6%	-88.37%	Trim
4	SAP	Sap Se-sponsored Adr	+1.5%	-89.30%	Trim
5	GSKH	GSK plc ADRhedged	+1.4%	-87.56%	Trim
6	SKMEUR	Sk Telecom Co Ltd-spon Adr	+1.3%	-92.95%	Trim
7	SNY	Sanofi-adr	+1.3%	-90.76%	Trim
8	CITUSD	Cit Group INC	+1.2%	-89.20%	Trim
9	FLEX	Flex Ltd.	+1%	-92.84%	Trim
10	CNA	Cna Financial CORP	+0.9%	-89.31%	Trim
11	TM	Toyota Motor CORP -spon Adr	+0.9%	-94.12%	Trim
12	NTTYY	Ntt INC - Adr	+0.8%	-93.24%	Trim
13	CNQ	Canadian Natural Resources	+0.8%	-92.76%	Trim
14	MU	Micron Technology INC	+0.8%	-92.76%	Trim
15	MAN	Manpowergroup INC	+0.7%	-92.88%	Trim
16	AXS	AXIS Capital Holdings Limited	+0.7%	-93.86%	Trim
17	GT	Goodyear Tire & Rubber Co	+0.6%	-94.20%	Trim
18	LXPUSD	Lxp Industrial Trust	+0.6%	-91.87%	Trim
19	AES	Aes CORP	+0.5%	-93.26%	Trim
20	R6C2	Royal Dutch Shell-spon Adr-b	+0.3%	-93.95%	Trim
21	CCJ	Cameco CORP	+0.3%	-92.15%	Trim
22	✓	Dsw INC	+0.2%	-93.41%	Trim
23	TEVA	Teva Pharmaceutical-sp Adr	+0.1%	-94.08%	Trim
24	ERIC	Ericsson (lm) Tel-sp Adr	+0.1%	-94.18%	Trim
25	✓	Agrium INC	-0.1%	-95.10%	Trim
26	IPG	Interpublic Group Of Cos INC	-0.4%	-96.75%	Trim
27	BG	Bunge Global SA	-1%	-97.08%	Trim
28	CTLEUR	Centurylink INC	-1%	-96.73%	Trim
29	RCL	Royal Caribbean Cruises Ltd.	-1.1%	-98.86%	Trim
30	UBS	UBS Group AG	—	EXIT	Sold out
31	BP	Bp Plc-spons Adr	—	EXIT	Sold out
32	C	Citigroup INC	—	EXIT	Sold out
33	PFE	Pfizer INC	—	EXIT	Sold out
34	ORCL	Oracle CORP	—	EXIT	Sold out
35	AIG	American International Group	—	EXIT	Sold out
36	ALLY	Ally Financial INC	—	EXIT	Sold out
37	CSCO	Cisco Systems INC	—	EXIT	Sold out
38	CSX	Csx CORP	—	EXIT	Sold out
39	HSBC	Hsbc Holdings Plc-spons Adr	—	EXIT	Sold out
40	GM	General Motors Co	—	EXIT	Sold out
41	AAPL	Apple INC	—	EXIT	Sold out
42	GILD	Gilead Sciences INC	—	EXIT	Sold out
43	✓	Brf SA	—	EXIT	Sold out
44	AEP	American Electric Power Company, Inc.	—	EXIT	Sold out
45	EXC	Exelon CORP	—	EXIT	Sold out
46	✓	Mylan N V	—	EXIT	Sold out
47	TIME1EUR	Time INC	—	EXIT	Sold out
48	✓		—	EXIT	Sold out
49	✓	Adecoagro SA	—	EXIT	Sold out
50	XOM	Exxon Mobil CORP	—	EXIT	Sold out

FAQ

What is Tradewinds Global Investors, LLC and what type of investor is it?

Tradewinds Global Investors, 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 (2016-09-30), the firm manages a tracked equity portfolio valued at approximately $81.3M, spread across 51 disclosed positions.

What are Tradewinds Global Investors, LLC's largest equity positions?

Based on the latest 13F filing, Tradewinds Global Investors, LLC's top holdings by market value are: 1. AXIS Capital Holdings Limited (AXS) — $4.1M (5.1%) 2. Sk Telecom Co Ltd-spon Adr (SKMEUR) — $3.5M (4.3%) 3. Ntt INC - Adr (NTTYY) — $3.5M (4.3%) 4. Royal Dutch Shell-spon Adr-b (R6C2) — $3.2M (4.0%) 5. Ing Groep N.v.-sponsored Adr (ING) — $3.2M (4.0%)

What changes did Tradewinds Global Investors, LLC make in its most recent portfolio filing?

In the latest quarter, Tradewinds Global Investors, LLC took a more defensive posture — trimming 29 positions and completely exiting 21 holdings. The largest of these moves: Sold out: UBS Group AG (UBS); Sold out: Bp Plc-spons Adr (BP); Sold out: Citigroup INC (C); Sold out: Pfizer INC (PFE); Sold out: Oracle CORP (ORCL)

What sectors does Tradewinds Global Investors, LLC focus on?

Tradewinds Global Investors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 88.3% • Energy: 11.7%