Historical Stock Holdings

Harry Burn - Sound Shore

PeriodPortfolio ValueTop 20 holdings history (left to right)
2024   Q4$3.03 B COF
Capital One Financial
4.19% of portfolio
 		WFC
Wells Fargo
3.60% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
3.47% of portfolio
 		CTRA
Coterra Energy Inc.
3.32% of portfolio
 		AVTR
Avantor arinc.
3.26% of portfolio
 		PVH
PVH Corp.
3.08% of portfolio
 		WTW
Willis Towers Watson plc
3.07% of portfolio
 		PYPL
PayPal Holdings Inc.
2.98% of portfolio
 		NXPI
NXP Semiconductors NV
2.97% of portfolio
 		CHKP
Check Point Software Technologies
2.95% of portfolio
 		BBWI
Bath & Body Works Inc.
2.86% of portfolio
 		C
Citigroup Inc.
2.85% of portfolio
 		DIS
Walt Disney Co.
2.85% of portfolio
 		LUV
Southwest Airlines
2.81% of portfolio
 		INCY
Incyte Corp.
2.74% of portfolio
 		ZBH
Zimmer Biomet Holdings
2.69% of portfolio
 		KR
Kroger Co.
2.67% of portfolio
 		BMY
Bristol-Myers Squibb
2.56% of portfolio
 		FIS
Fidelity National Information Services
2.53% of portfolio
 		OGN
Organon & Co.
2.45% of portfolio
2024   Q3$3.08 B COF
Capital One Financial
3.57% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
3.50% of portfolio
 		WTW
Willis Towers Watson plc
3.26% of portfolio
 		WFC
Wells Fargo
3.26% of portfolio
 		PVH
PVH Corp.
3.24% of portfolio
 		OGN
Organon & Co.
3.20% of portfolio
 		CTRA
Coterra Energy Inc.
3.13% of portfolio
 		GM
General Motors
3.12% of portfolio
 		FIS
Fidelity National Information Services
3.05% of portfolio
 		VST
Vistra Corp.
3.03% of portfolio
 		DIS
Walt Disney Co.
2.98% of portfolio
 		AVTR
Avantor arinc.
2.96% of portfolio
 		GOLD
Barrick Gold Corp.
2.82% of portfolio
 		KR
Kroger Co.
2.76% of portfolio
 		PYPL
PayPal Holdings Inc.
2.73% of portfolio
 		HOLX
Hologic Inc.
2.69% of portfolio
 		PFE
Pfizer Inc.
2.59% of portfolio
 		KMI
Kinder Morgan
2.59% of portfolio
 		BBWI
Bath & Body Works Inc.
2.54% of portfolio
 		FLEX
Flex Ltd.
2.52% of portfolio
2024   Q2$3 B FIS
Fidelity National Information Services
3.66% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
3.66% of portfolio
 		COF
Capital One Financial
3.47% of portfolio
 		OGN
Organon & Co.
3.36% of portfolio
 		PVH
PVH Corp.
3.22% of portfolio
 		ORCL
Oracle Corp.
3.17% of portfolio
 		KMI
Kinder Morgan
3.16% of portfolio
 		WFC
Wells Fargo
3.12% of portfolio
 		WTW
Willis Towers Watson plc
3.10% of portfolio
 		FLEX
Flex Ltd.
3.09% of portfolio
 		GM
General Motors
3.04% of portfolio
 		HOLX
Hologic Inc.
2.89% of portfolio
 		HII
Huntington Ingalls Industries
2.84% of portfolio
 		BKR
Baker Hughes Co.
2.83% of portfolio
 		NXPI
NXP Semiconductors NV
2.80% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.77% of portfolio
 		BBWI
Bath & Body Works Inc.
2.72% of portfolio
 		PFE
Pfizer Inc.
2.65% of portfolio
 		FDX
FedEx Corp.
2.63% of portfolio
 		KHC
Kraft Heinz Co.
2.58% of portfolio
2024   Q1$3.2 B PVH
PVH Corp.
4.18% of portfolio
 		WFC
Wells Fargo
3.88% of portfolio
 		FLEX
Flex Ltd.
3.84% of portfolio
 		GM
General Motors
3.76% of portfolio
 		COF
Capital One Financial
3.75% of portfolio
 		FIS
Fidelity National Information Services
3.49% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
3.31% of portfolio
 		VST
Vistra Corp.
3.13% of portfolio
 		BBWI
Bath & Body Works Inc.
2.97% of portfolio
 		OGN
Organon & Co.
2.95% of portfolio
 		CNC
Centene Corp.
2.88% of portfolio
 		MRK
Merck & Co.
2.86% of portfolio
 		KHC
Kraft Heinz Co.
2.86% of portfolio
 		KMI
Kinder Morgan
2.82% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.78% of portfolio
 		CLF
Cleveland-Cliffs Inc.
2.73% of portfolio
 		ORCL
Oracle Corp.
2.73% of portfolio
 		HOLX
Hologic Inc.
2.70% of portfolio
 		BKR
Baker Hughes Co.
2.61% of portfolio
 		KR
Kroger Co.
2.56% of portfolio
2023   Q4$2.88 B PVH
PVH Corp.
4.24% of portfolio
 		FLEX
Flex Ltd.
4.09% of portfolio
 		COF
Capital One Financial
3.86% of portfolio
 		WFC
Wells Fargo
3.86% of portfolio
 		GM
General Motors
3.39% of portfolio
 		BA
Boeing Co.
3.36% of portfolio
 		MU
Micron Technology Inc.
3.24% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
3.23% of portfolio
 		FIS
Fidelity National Information Services
3.20% of portfolio
 		HII
Huntington Ingalls Industries
3.18% of portfolio
 		VST
Vistra Corp.
3.06% of portfolio
 		TTE
TotalEnergies SE
2.92% of portfolio
 		KMI
Kinder Morgan
2.88% of portfolio
 		CLF
Cleveland-Cliffs Inc.
2.86% of portfolio
 		BBWI
Bath & Body Works Inc.
2.85% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.84% of portfolio
 		CNC
Centene Corp.
2.77% of portfolio
 		NXPI
NXP Semiconductors NV
2.72% of portfolio
 		GEHC
GE HealthCare Technologies Inc.
2.72% of portfolio
 		KHC
Kraft Heinz Co.
2.69% of portfolio
2023   Q3$2.61 B TTE
TotalEnergies SE
3.91% of portfolio
 		FLEX
Flex Ltd.
3.87% of portfolio
 		VST
Vistra Corp.
3.64% of portfolio
 		WFC
Wells Fargo
3.60% of portfolio
 		COF
Capital One Financial
3.22% of portfolio
 		AVTR
Avantor arinc.
3.22% of portfolio
 		GEHC
GE HealthCare Technologies Inc.
3.15% of portfolio
 		GM
General Motors
3.13% of portfolio
 		TEVA
Teva Pharmaceutical Industries Ltd.
3.09% of portfolio
 		PVH
PVH Corp.
3.05% of portfolio
 		MU
Micron Technology Inc.
2.92% of portfolio
 		HII
Huntington Ingalls Industries
2.86% of portfolio
 		KMI
Kinder Morgan
2.84% of portfolio
 		FDX
FedEx Corp.
2.79% of portfolio
 		MRK
Merck & Co.
2.77% of portfolio
 		BA
Boeing Co.
2.74% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.72% of portfolio
 		CNC
Centene Corp.
2.70% of portfolio
 		FIS
Fidelity National Information Services
2.64% of portfolio
 		NXPI
NXP Semiconductors NV
2.63% of portfolio
2023   Q2$2.71 B FLEX
Flex Ltd.
4.74% of portfolio
 		VST
Vistra Corp.
4.25% of portfolio
 		NXPI
NXP Semiconductors NV
3.88% of portfolio
 		WFC
Wells Fargo
3.64% of portfolio
 		COF
Capital One Financial
3.51% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.43% of portfolio
 		PVH
PVH Corp.
3.28% of portfolio
 		MRK
Merck & Co.
3.19% of portfolio
 		CEG
Constellation Energy Corp.
3.07% of portfolio
 		HII
Huntington Ingalls Industries
3.07% of portfolio
 		GEHC
GE HealthCare Technologies Inc.
2.97% of portfolio
 		FDX
FedEx Corp.
2.97% of portfolio
 		GM
General Motors
2.92% of portfolio
 		OGN
Organon & Co.
2.90% of portfolio
 		BA
Boeing Co.
2.64% of portfolio
 		CLF
Cleveland-Cliffs Inc.
2.59% of portfolio
 		KMI
Kinder Morgan
2.55% of portfolio
 		CNC
Centene Corp.
2.55% of portfolio
 		AVTR
Avantor arinc.
2.54% of portfolio
 		TTE
TotalEnergies SE
2.53% of portfolio
2023   Q1$2.66 B FLEX
Flex Ltd.
4.31% of portfolio
 		ORCL
Oracle Corp.
4.24% of portfolio
 		VST
Vistra Corp.
4.07% of portfolio
 		PFE
Pfizer Inc.
3.75% of portfolio
 		NXPI
NXP Semiconductors NV
3.74% of portfolio
 		PVH
PVH Corp.
3.61% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.52% of portfolio
 		WFC
Wells Fargo
3.35% of portfolio
 		LEN
Lennar Corp.
3.33% of portfolio
 		COF
Capital One Financial
3.19% of portfolio
 		GEHC
GE HealthCare Technologies Inc.
3.10% of portfolio
 		AVTR
Avantor arinc.
3.09% of portfolio
 		OGN
Organon & Co.
2.95% of portfolio
 		CAH
Cardinal Health Inc.
2.90% of portfolio
 		GM
General Motors
2.87% of portfolio
 		CEG
Constellation Energy Corp.
2.73% of portfolio
 		TTE
TotalEnergies SE
2.73% of portfolio
 		KMI
Kinder Morgan
2.69% of portfolio
 		MRK
Merck & Co.
2.68% of portfolio
 		HII
Huntington Ingalls Industries
2.67% of portfolio
2022   Q4$865 M FLEX
Flex Ltd.
4.64% of portfolio
 		VST
Vistra Corp.
4.59% of portfolio
 		PVH
PVH Corp.
4.08% of portfolio
 		ORCL
Oracle Corp.
4.05% of portfolio
 		WFC
Wells Fargo
4.04% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.70% of portfolio
 		COF
Capital One Financial
3.48% of portfolio
 		LEN
Lennar Corp.
3.39% of portfolio
 		FRCB
First Republic Bank
3.38% of portfolio
 		PFE
Pfizer Inc.
3.32% of portfolio
 		OGN
Organon & Co.
3.29% of portfolio
 		NXPI
NXP Semiconductors NV
3.23% of portfolio
 		GM
General Motors
3.21% of portfolio
 		VSCO
Victoria's Secret & Co.
3.10% of portfolio
 		SIVBQ-OLD
SVB Financial Group
3.05% of portfolio
 		HII
Huntington Ingalls Industries
2.97% of portfolio
 		CAG
Conagra Brands Inc.
2.79% of portfolio
 		GOOGL
Alphabet Inc.
2.79% of portfolio
 		MRK
Merck & Co.
2.75% of portfolio
 		SGI
Somnigroup International Inc.
2.72% of portfolio
2022   Q3$856 M VST
Vistra Corp.
4.62% of portfolio
 		WFC
Wells Fargo
4.36% of portfolio
 		PRGO
Perrigo Co.
4.19% of portfolio
 		FLEX
Flex Ltd.
3.83% of portfolio
 		NXPI
NXP Semiconductors NV
3.74% of portfolio
 		PCAR
PACCAR Inc.
3.43% of portfolio
 		ORCL
Oracle Corp.
3.43% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.42% of portfolio
 		SIVBQ-OLD
SVB Financial Group
3.35% of portfolio
 		KMI
Kinder Morgan
3.29% of portfolio
 		COF
Capital One Financial
3.29% of portfolio
 		LEN
Lennar Corp.
3.26% of portfolio
 		FRCB
First Republic Bank
3.19% of portfolio
 		PVH
PVH Corp.
3.08% of portfolio
 		BKR
Baker Hughes Co.
2.98% of portfolio
 		VSCO
Victoria's Secret & Co.
2.89% of portfolio
 		PFE
Pfizer Inc.
2.87% of portfolio
 		CAG
Conagra Brands Inc.
2.83% of portfolio
 		CAH
Cardinal Health Inc.
2.77% of portfolio
 		GM
General Motors
2.70% of portfolio
2022   Q2$967 M VST
Vistra Corp.
4.45% of portfolio
 		PRGO
Perrigo Co.
4.22% of portfolio
 		WFC
Wells Fargo
3.76% of portfolio
 		LEN
Lennar Corp.
3.68% of portfolio
 		FLEX
Flex Ltd.
3.62% of portfolio
 		PCAR
PACCAR Inc.
3.53% of portfolio
 		PVH
PVH Corp.
3.51% of portfolio
 		ORCL
Oracle Corp.
3.48% of portfolio
 		NXPI
NXP Semiconductors NV
3.32% of portfolio
 		SIVBQ-OLD
SVB Financial Group
3.29% of portfolio
 		MS
Morgan Stanley
3.26% of portfolio
 		OGN
Organon & Co.
3.12% of portfolio
 		KMI
Kinder Morgan
2.93% of portfolio
 		ELAN
Elanco Animal Health Inc.
2.93% of portfolio
 		VNT
Vontier Corp.
2.90% of portfolio
 		COF
Capital One Financial
2.74% of portfolio
 		CAH
Cardinal Health Inc.
2.63% of portfolio
 		CAG
Conagra Brands Inc.
2.63% of portfolio
 		VSCO
Victoria's Secret & Co.
2.54% of portfolio
 		FDX
FedEx Corp.
2.52% of portfolio
2022   Q1$1.15 B FLEX
Flex Ltd.
4.78% of portfolio
 		PRGO
Perrigo Co.
4.31% of portfolio
 		ORCL
Oracle Corp.
4.09% of portfolio
 		VST
Vistra Corp.
4.04% of portfolio
 		WFC
Wells Fargo
3.63% of portfolio
 		SIVBQ-OLD
SVB Financial Group
3.58% of portfolio
 		NXPI
NXP Semiconductors NV
3.51% of portfolio
 		ELAN
Elanco Animal Health Inc.
3.30% of portfolio
 		LEN
Lennar Corp.
3.28% of portfolio
 		PVH
PVH Corp.
3.21% of portfolio
 		PCAR
PACCAR Inc.
3.19% of portfolio
 		OGN
Organon & Co.
3.19% of portfolio
 		MS
Morgan Stanley
3.16% of portfolio
 		MRK
Merck & Co.
3.10% of portfolio
 		PFE
Pfizer Inc.
3.00% of portfolio
 		COF
Capital One Financial
2.91% of portfolio
 		BAC
Bank of America Corp.
2.77% of portfolio
 		VNT
Vontier Corp.
2.70% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.65% of portfolio
 		APTV
Aptiv PLC
2.64% of portfolio
2021   Q4$1.19 B FLEX
Flex Ltd.
4.55% of portfolio
 		VST
Vistra Corp.
4.28% of portfolio
 		CI
Cigna Group
4.15% of portfolio
 		PRGO
Perrigo Co.
4.07% of portfolio
 		WFC
Wells Fargo
3.92% of portfolio
 		Y-OLD
Alleghany Corp.
3.72% of portfolio
 		PFE
Pfizer Inc.
3.58% of portfolio
 		MRK
Merck & Co.
3.49% of portfolio
 		NXPI
NXP Semiconductors NV
3.37% of portfolio
 		OGN
Organon & Co.
3.29% of portfolio
 		PCAR
PACCAR Inc.
3.28% of portfolio
 		MGA
Magna International Inc.
3.25% of portfolio
 		ST
Sensata Technologies Holding
3.09% of portfolio
 		BAC
Bank of America Corp.
3.06% of portfolio
 		CAG
Conagra Brands Inc.
3.03% of portfolio
 		MS
Morgan Stanley
3.01% of portfolio
 		XRAY
DENTSPLY SIRONA Inc.
2.93% of portfolio
 		ELV
Elevance Health Inc.
2.90% of portfolio
 		ORCL
Oracle Corp.
2.90% of portfolio
 		HSIC
Henry Schein Inc.
2.85% of portfolio
2021   Q3$1.22 B FLEX
Flex Ltd.
4.46% of portfolio
 		PRGO
Perrigo Co.
4.21% of portfolio
 		WFC
Wells Fargo
3.90% of portfolio
 		BAC
Bank of America Corp.
3.61% of portfolio
 		VST
Vistra Corp.
3.54% of portfolio
 		CI
Cigna Group
3.52% of portfolio
 		MRK
Merck & Co.
3.52% of portfolio
 		Y-OLD
Alleghany Corp.
3.32% of portfolio
 		COF
Capital One Financial
3.12% of portfolio
 		ORCL
Oracle Corp.
3.11% of portfolio
 		FI
Fiserv Inc.
3.02% of portfolio
 		NXPI
NXP Semiconductors NV
2.98% of portfolio
 		MS
Morgan Stanley
2.91% of portfolio
 		HSIC
Henry Schein Inc.
2.73% of portfolio
 		CTRA
Coterra Energy Inc.
2.63% of portfolio
 		VZ
Verizon Communications
2.61% of portfolio
 		XRAY
DENTSPLY SIRONA Inc.
2.61% of portfolio
 		OGN
Organon & Co.
2.59% of portfolio
 		ST
Sensata Technologies Holding
2.59% of portfolio
 		CAG
Conagra Brands Inc.
2.58% of portfolio
2021   Q2$1.25 B FLEX
Flex Ltd.
4.41% of portfolio
 		PRGO
Perrigo Co.
3.99% of portfolio
 		VST
Vistra Corp.
3.55% of portfolio
 		Y-OLD
Alleghany Corp.
3.47% of portfolio
 		NXPI
NXP Semiconductors NV
3.26% of portfolio
 		CI
Cigna Group
3.17% of portfolio
 		MS
Morgan Stanley
3.06% of portfolio
 		COF
Capital One Financial
2.92% of portfolio
 		FI
Fiserv Inc.
2.92% of portfolio
 		MGA
Magna International Inc.
2.89% of portfolio
 		PFE
Pfizer Inc.
2.83% of portfolio
 		XRAY
DENTSPLY SIRONA Inc.
2.79% of portfolio
 		MRK
Merck & Co.
2.75% of portfolio
 		CAG
Conagra Brands Inc.
2.71% of portfolio
 		ST
Sensata Technologies Holding
2.69% of portfolio
 		WFC
Wells Fargo
2.69% of portfolio
 		BAC
Bank of America Corp.
2.65% of portfolio
 		HSIC
Henry Schein Inc.
2.61% of portfolio
 		RNR
RenaissanceRe Holdings Ltd.
2.59% of portfolio
 		ORCL
Oracle Corp.
2.55% of portfolio
2021   Q1$1.2 B CI
Cigna Group
4.03% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.78% of portfolio
 		FLEX
Flex Ltd.
3.76% of portfolio
 		BAC
Bank of America Corp.
3.74% of portfolio
 		ORCL
Oracle Corp.
3.54% of portfolio
 		COF
Capital One Financial
3.45% of portfolio
 		Y-OLD
Alleghany Corp.
3.40% of portfolio
 		VST
Vistra Corp.
3.25% of portfolio
 		FI
Fiserv Inc.
3.16% of portfolio
 		PRGO
Perrigo Co.
2.98% of portfolio
 		MGA
Magna International Inc.
2.96% of portfolio
 		MS
Morgan Stanley
2.88% of portfolio
 		MRK
Merck & Co.
2.84% of portfolio
 		ST
Sensata Technologies Holding
2.80% of portfolio
 		EOG
EOG Resources
2.74% of portfolio
 		CAG
Conagra Brands Inc.
2.73% of portfolio
 		HSIC
Henry Schein Inc.
2.72% of portfolio
 		XRAY
DENTSPLY SIRONA Inc.
2.54% of portfolio
 		CMCSA
Comcast Corp.
2.51% of portfolio
 		WAB
WABTEC Corp.
2.41% of portfolio
2020   Q4$1.12 B BAC
Bank of America Corp.
4.48% of portfolio
 		COF
Capital One Financial
4.38% of portfolio
 		CI
Cigna Group
3.89% of portfolio
 		C
Citigroup Inc.
3.89% of portfolio
 		MS
Morgan Stanley
3.82% of portfolio
 		FLEX
Flex Ltd.
3.51% of portfolio
 		Y-OLD
Alleghany Corp.
3.49% of portfolio
 		ORCL
Oracle Corp.
3.44% of portfolio
 		MRK
Merck & Co.
3.21% of portfolio
 		ST
Sensata Technologies Holding
3.17% of portfolio
 		PRGO
Perrigo Co.
3.10% of portfolio
 		CMCSA
Comcast Corp.
3.09% of portfolio
 		MGA
Magna International Inc.
3.04% of portfolio
 		BKNG
Booking Holdings Inc.
2.55% of portfolio
 		IP
International Paper
2.53% of portfolio
 		FI
Fiserv Inc.
2.50% of portfolio
 		XRAY
DENTSPLY SIRONA Inc.
2.42% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.40% of portfolio
 		WAB
WABTEC Corp.
2.38% of portfolio
 		CAG
Conagra Brands Inc.
2.28% of portfolio
2020   Q3$1.03 B ORCL
Oracle Corp.
4.17% of portfolio
 		COF
Capital One Financial
3.47% of portfolio
 		CI
Cigna Group
3.45% of portfolio
 		MS
Morgan Stanley
3.44% of portfolio
 		BAC
Bank of America Corp.
3.43% of portfolio
 		CMCSA
Comcast Corp.
3.30% of portfolio
 		PRGO
Perrigo Co.
3.30% of portfolio
 		PFE
Pfizer Inc.
3.14% of portfolio
 		ST
Sensata Technologies Holding
3.11% of portfolio
 		CB
Chubb Limited
3.04% of portfolio
 		Y-OLD
Alleghany Corp.
3.02% of portfolio
 		C
Citigroup Inc.
2.97% of portfolio
 		MRK
Merck & Co.
2.76% of portfolio
 		NXPI
NXP Semiconductors NV
2.75% of portfolio
 		AMAT
Applied Materials
2.64% of portfolio
 		ETN
Eaton Corp.
2.62% of portfolio
 		BX
Blackstone Group
2.60% of portfolio
 		ELAN
Elanco Animal Health Inc.
2.58% of portfolio
 		BKNG
Booking Holdings Inc.
2.57% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.51% of portfolio
2020   Q2$999 M ORCL
Oracle Corp.
4.51% of portfolio
 		PRGO
Perrigo Co.
4.41% of portfolio
 		C
Citigroup Inc.
3.88% of portfolio
 		CMCSA
Comcast Corp.
3.85% of portfolio
 		BAC
Bank of America Corp.
3.82% of portfolio
 		MRK
Merck & Co.
3.63% of portfolio
 		MS
Morgan Stanley
3.55% of portfolio
 		SIVBQ-OLD
SVB Financial Group
3.52% of portfolio
 		PFE
Pfizer Inc.
3.32% of portfolio
 		COF
Capital One Financial
3.31% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.27% of portfolio
 		Y-OLD
Alleghany Corp.
2.93% of portfolio
 		LRCX
Lam Research
2.91% of portfolio
 		WHR
Whirlpool Corp.
2.83% of portfolio
 		ETN
Eaton Corp.
2.77% of portfolio
 		ELAN
Elanco Animal Health Inc.
2.77% of portfolio
 		ST
Sensata Technologies Holding
2.76% of portfolio
 		CB
Chubb Limited
2.71% of portfolio
 		UNH
United Health Group Inc.
2.64% of portfolio
 		HSIC
Henry Schein Inc.
2.63% of portfolio
2020   Q1$929 M BRK.B
Berkshire Hathaway CL B
4.59% of portfolio
 		MRK
Merck & Co.
4.49% of portfolio
 		PRGO
Perrigo Co.
4.37% of portfolio
 		MS
Morgan Stanley
4.26% of portfolio
 		CMCSA
Comcast Corp.
4.18% of portfolio
 		ORCL
Oracle Corp.
4.17% of portfolio
 		PFE
Pfizer Inc.
3.76% of portfolio
 		ST
Sensata Technologies Holding
3.54% of portfolio
 		MDLZ
Mondelez International
3.51% of portfolio
 		LEN
Lennar Corp.
3.28% of portfolio
 		WMT
Walmart Inc.
3.19% of portfolio
 		UNH
United Health Group Inc.
3.10% of portfolio
 		SIVBQ-OLD
SVB Financial Group
3.08% of portfolio
 		ELAN
Elanco Animal Health Inc.
3.02% of portfolio
 		CVX
Chevron Corp.
2.81% of portfolio
 		GOOGL
Alphabet Inc.
2.77% of portfolio
 		TMO
Thermo Fisher Scientific
2.75% of portfolio
 		MSFT
Microsoft Corp.
2.68% of portfolio
 		VZ
Verizon Communications
2.57% of portfolio
 		CSCO
Cisco Systems
2.56% of portfolio
2019   Q4$1.48 B COF
Capital One Financial
4.26% of portfolio
 		MS
Morgan Stanley
4.22% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.96% of portfolio
 		C
Citigroup Inc.
3.87% of portfolio
 		TTE
TotalEnergies SE
3.62% of portfolio
 		PRGO
Perrigo Co.
3.49% of portfolio
 		AIG
American International Group
3.45% of portfolio
 		MRK
Merck & Co.
3.43% of portfolio
 		ST
Sensata Technologies Holding
3.38% of portfolio
 		SABR
Sabre Corp.
3.37% of portfolio
 		DAL
Delta Air Lines Inc.
3.30% of portfolio
 		UNH
United Health Group Inc.
3.20% of portfolio
 		GM
General Motors
3.12% of portfolio
 		ETN
Eaton Corp.
3.05% of portfolio
 		NXPI
NXP Semiconductors NV
3.03% of portfolio
 		SIVBQ-OLD
SVB Financial Group
3.01% of portfolio
 		BAC
Bank of America Corp.
2.95% of portfolio
 		ORCL
Oracle Corp.
2.71% of portfolio
 		CMCSA
Comcast Corp.
2.69% of portfolio
 		CVX
Chevron Corp.
2.65% of portfolio
2019   Q3$1.57 B BRK.B
Berkshire Hathaway CL B
4.37% of portfolio
 		COF
Capital One Financial
4.36% of portfolio
 		CMCSA
Comcast Corp.
3.78% of portfolio
 		NXPI
NXP Semiconductors NV
3.69% of portfolio
 		DAL
Delta Air Lines Inc.
3.66% of portfolio
 		MS
Morgan Stanley
3.63% of portfolio
 		C
Citigroup Inc.
3.63% of portfolio
 		AIG
American International Group
3.62% of portfolio
 		AMAT
Applied Materials
3.61% of portfolio
 		LEN
Lennar Corp.
3.61% of portfolio
 		PRGO
Perrigo Co.
3.26% of portfolio
 		SABR
Sabre Corp.
3.25% of portfolio
 		ETN
Eaton Corp.
3.22% of portfolio
 		ST
Sensata Technologies Holding
3.21% of portfolio
 		MRK
Merck & Co.
3.01% of portfolio
 		CBS
CBS Corp.
2.99% of portfolio
 		TTE
TotalEnergies SE
2.94% of portfolio
 		GM
General Motors
2.81% of portfolio
 		ALXN
Alexion Pharmaceuticals Inc.
2.78% of portfolio
 		TMO
Thermo Fisher Scientific
2.66% of portfolio
2019   Q2$1.68 B C
Citigroup Inc.
4.55% of portfolio
 		AIG
American International Group
4.32% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.18% of portfolio
 		COF
Capital One Financial
3.82% of portfolio
 		ALXN
Alexion Pharmaceuticals Inc.
3.47% of portfolio
 		CBS
CBS Corp.
3.45% of portfolio
 		SABR
Sabre Corp.
3.45% of portfolio
 		DAL
Delta Air Lines Inc.
3.37% of portfolio
 		CMCSA
Comcast Corp.
3.31% of portfolio
 		TTE
TotalEnergies SE
3.21% of portfolio
 		AMAT
Applied Materials
3.20% of portfolio
 		ETN
Eaton Corp.
3.14% of portfolio
 		AGN
Allergan Plc
3.11% of portfolio
 		NXPI
NXP Semiconductors NV
3.09% of portfolio
 		BAC
Bank of America Corp.
2.98% of portfolio
 		MS
Morgan Stanley
2.98% of portfolio
 		ST
Sensata Technologies Holding
2.94% of portfolio
 		MRK
Merck & Co.
2.80% of portfolio
 		PFE
Pfizer Inc.
2.71% of portfolio
 		LEN
Lennar Corp.
2.54% of portfolio
2019   Q1$1.76 B C
Citigroup Inc.
4.25% of portfolio
 		BAC
Bank of America Corp.
4.20% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.06% of portfolio
 		MRK
Merck & Co.
3.73% of portfolio
 		AIG
American International Group
3.64% of portfolio
 		COF
Capital One Financial
3.58% of portfolio
 		TTE
TotalEnergies SE
3.39% of portfolio
 		CBS
CBS Corp.
3.32% of portfolio
 		CMCSA
Comcast Corp.
3.31% of portfolio
 		SABR
Sabre Corp.
3.24% of portfolio
 		DAL
Delta Air Lines Inc.
3.20% of portfolio
 		ETN
Eaton Corp.
3.10% of portfolio
 		MSFT
Microsoft Corp.
3.02% of portfolio
 		ALXN
Alexion Pharmaceuticals Inc.
3.00% of portfolio
 		AGN
Allergan Plc
2.99% of portfolio
 		MDLZ
Mondelez International
2.92% of portfolio
 		TMO
Thermo Fisher Scientific
2.89% of portfolio
 		AMAT
Applied Materials
2.79% of portfolio
 		FDC
First Data Corp.
2.74% of portfolio
 		PFE
Pfizer Inc.
2.65% of portfolio
2018   Q4$1.6 B MRK
Merck & Co.
5.37% of portfolio
 		BRK.B
Berkshire Hathaway CL B
4.23% of portfolio
 		SABR
Sabre Corp.
3.62% of portfolio
 		BAC
Bank of America Corp.
3.58% of portfolio
 		C
Citigroup Inc.
3.42% of portfolio
 		FDC
First Data Corp.
3.40% of portfolio
 		CB
Chubb Limited
3.38% of portfolio
 		WMT
Walmart Inc.
3.30% of portfolio
 		DAL
Delta Air Lines Inc.
3.24% of portfolio
 		COF
Capital One Financial
3.23% of portfolio
 		TTE
TotalEnergies SE
3.21% of portfolio
 		CMCSA
Comcast Corp.
3.11% of portfolio
 		AON
Aon Plc
3.07% of portfolio
 		PFE
Pfizer Inc.
3.05% of portfolio
 		MDLZ
Mondelez International
3.03% of portfolio
 		AGN
Allergan Plc
3.01% of portfolio
 		ETN
Eaton Corp.
2.92% of portfolio
 		MSFT
Microsoft Corp.
2.87% of portfolio
 		MMC
Marsh & McLennan
2.84% of portfolio
 		EXC
Exelon Corp.
2.76% of portfolio
2018   Q3$1.96 B MRK
Merck & Co.
4.38% of portfolio
 		C
Citigroup Inc.
4.37% of portfolio
 		PFE
Pfizer Inc.
4.11% of portfolio
 		FDC
First Data Corp.
3.74% of portfolio
 		BAC
Bank of America Corp.
3.72% of portfolio
 		AIG
American International Group
3.72% of portfolio
 		SABR
Sabre Corp.
3.55% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.55% of portfolio
 		TTE
TotalEnergies SE
3.49% of portfolio
 		CB
Chubb Limited
3.43% of portfolio
 		COF
Capital One Financial
3.33% of portfolio
 		WMT
Walmart Inc.
3.17% of portfolio
 		MSFT
Microsoft Corp.
2.99% of portfolio
 		EQT
EQT Corp.
2.96% of portfolio
 		IP
International Paper
2.89% of portfolio
 		TMO
Thermo Fisher Scientific
2.83% of portfolio
 		CBS
CBS Corp.
2.82% of portfolio
 		ETN
Eaton Corp.
2.80% of portfolio
 		GT
Goodyear Tire & Rubber
2.77% of portfolio
 		ALXN
Alexion Pharmaceuticals Inc.
2.77% of portfolio
2018   Q2$1.94 B MRK
Merck & Co.
4.62% of portfolio
 		FDC
First Data Corp.
4.15% of portfolio
 		C
Citigroup Inc.
4.12% of portfolio
 		AR
Antero Resources
3.73% of portfolio
 		BAC
Bank of America Corp.
3.60% of portfolio
 		PFE
Pfizer Inc.
3.42% of portfolio
 		CBS
CBS Corp.
3.35% of portfolio
 		CB
Chubb Limited
3.29% of portfolio
 		SABR
Sabre Corp.
3.29% of portfolio
 		COF
Capital One Financial
3.26% of portfolio
 		TTE
TotalEnergies SE
3.13% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.13% of portfolio
 		IP
International Paper
3.10% of portfolio
 		AIG
American International Group
3.09% of portfolio
 		EQT
EQT Corp.
2.95% of portfolio
 		AON
Aon Plc
2.82% of portfolio
 		GOOGL
Alphabet Inc.
2.80% of portfolio
 		EXC
Exelon Corp.
2.76% of portfolio
 		WMT
Walmart Inc.
2.72% of portfolio
 		MET
MetLife Inc.
2.67% of portfolio
2018   Q1$1.95 B MRK
Merck & Co.
4.11% of portfolio
 		C
Citigroup Inc.
3.92% of portfolio
 		BAC
Bank of America Corp.
3.80% of portfolio
 		AR
Antero Resources
3.74% of portfolio
 		TTE
TotalEnergies SE
3.38% of portfolio
 		COF
Capital One Financial
3.37% of portfolio
 		FDC
First Data Corp.
3.36% of portfolio
 		PFE
Pfizer Inc.
3.32% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.19% of portfolio
 		CB
Chubb Limited
3.17% of portfolio
 		IP
International Paper
3.15% of portfolio
 		AIG
American International Group
3.15% of portfolio
 		BP
BP plc
3.09% of portfolio
 		ORCL
Oracle Corp.
2.90% of portfolio
 		DAL
Delta Air Lines Inc.
2.90% of portfolio
 		CBS
CBS Corp.
2.89% of portfolio
 		AON
Aon Plc
2.86% of portfolio
 		SABR
Sabre Corp.
2.84% of portfolio
 		MET
MetLife Inc.
2.78% of portfolio
 		MSFT
Microsoft Corp.
2.76% of portfolio
2017   Q4$2.08 B BAC
Bank of America Corp.
4.48% of portfolio
 		C
Citigroup Inc.
4.05% of portfolio
 		COF
Capital One Financial
3.67% of portfolio
 		IP
International Paper
3.48% of portfolio
 		FDC
First Data Corp.
3.29% of portfolio
 		FLEX
Flex Ltd.
3.27% of portfolio
 		TTE
TotalEnergies SE
3.25% of portfolio
 		PFE
Pfizer Inc.
3.18% of portfolio
 		AR
Antero Resources
3.14% of portfolio
 		MRK
Merck & Co.
3.12% of portfolio
 		OXY
Occidental Petroleum
3.08% of portfolio
 		CB
Chubb Limited
3.03% of portfolio
 		VOD
Vodafone Group PLC
2.97% of portfolio
 		FLR
Fluor Corp.
2.88% of portfolio
 		PNR
Pentair plc
2.86% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.86% of portfolio
 		WMT
Walmart Inc.
2.86% of portfolio
 		ORCL
Oracle Corp.
2.82% of portfolio
 		DAL
Delta Air Lines Inc.
2.78% of portfolio
 		TMO
Thermo Fisher Scientific
2.76% of portfolio
2017   Q3$2.01 B C
Citigroup Inc.
4.26% of portfolio
 		BAC
Bank of America Corp.
4.14% of portfolio
 		FDC
First Data Corp.
3.68% of portfolio
 		TTE
TotalEnergies SE
3.51% of portfolio
 		MRK
Merck & Co.
3.44% of portfolio
 		IP
International Paper
3.30% of portfolio
 		TMO
Thermo Fisher Scientific
3.28% of portfolio
 		COF
Capital One Financial
3.23% of portfolio
 		AR
Antero Resources
3.20% of portfolio
 		OXY
Occidental Petroleum
3.19% of portfolio
 		FLEX
Flex Ltd.
3.12% of portfolio
 		BRK.B
Berkshire Hathaway CL B
3.03% of portfolio
 		PFE
Pfizer Inc.
3.03% of portfolio
 		ORCL
Oracle Corp.
2.98% of portfolio
 		KEYS
Keysight Technologies Inc.
2.96% of portfolio
 		WMT
Walmart Inc.
2.81% of portfolio
 		ADI
Analog Devices
2.76% of portfolio
 		AGN
Allergan Plc
2.73% of portfolio
 		AON
Aon Plc
2.73% of portfolio
 		MSFT
Microsoft Corp.
2.64% of portfolio
2017   Q2$1.97 B C
Citigroup Inc.
3.83% of portfolio
 		FDC
First Data Corp.
3.80% of portfolio
 		COF
Capital One Financial
3.70% of portfolio
 		BAC
Bank of America Corp.
3.54% of portfolio
 		TTE
TotalEnergies SE
3.33% of portfolio
 		AGN
Allergan Plc
3.31% of portfolio
 		AR
Antero Resources
3.31% of portfolio
 		OXY
Occidental Petroleum
3.29% of portfolio
 		MRK
Merck & Co.
3.28% of portfolio
 		IP
International Paper
3.11% of portfolio
 		TMO
Thermo Fisher Scientific
3.09% of portfolio
 		MSFT
Microsoft Corp.
3.05% of portfolio
 		ADI
Analog Devices
3.00% of portfolio
 		FLEX
Flex Ltd.
2.92% of portfolio
 		WBA
Walgreens Boots Alliance
2.89% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.86% of portfolio
 		ORCL
Oracle Corp.
2.86% of portfolio
 		KEYS
Keysight Technologies Inc.
2.83% of portfolio
 		GE
GE Aerospace
2.79% of portfolio
 		WMT
Walmart Inc.
2.79% of portfolio
2017   Q1$1.96 B MRK
Merck & Co.
3.57% of portfolio
 		ORCL
Oracle Corp.
3.52% of portfolio
 		C
Citigroup Inc.
3.43% of portfolio
 		OXY
Occidental Petroleum
3.33% of portfolio
 		COF
Capital One Financial
3.33% of portfolio
 		FDC
First Data Corp.
3.25% of portfolio
 		HPE
Hewlett Packard Enterprise
3.22% of portfolio
 		MSFT
Microsoft Corp.
3.17% of portfolio
 		BAC
Bank of America Corp.
3.16% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.15% of portfolio
 		GE
GE Aerospace
3.09% of portfolio
 		PFE
Pfizer Inc.
3.05% of portfolio
 		VOD
Vodafone Group PLC
3.01% of portfolio
 		AGN
Allergan Plc
2.92% of portfolio
 		AR
Antero Resources
2.87% of portfolio
 		TTE
TotalEnergies SE
2.85% of portfolio
 		AON
Aon Plc
2.83% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.82% of portfolio
 		WBA
Walgreens Boots Alliance
2.80% of portfolio
 		IP
International Paper
2.80% of portfolio
2016   Q4$1.89 B BAC
Bank of America Corp.
3.62% of portfolio
 		C
Citigroup Inc.
3.60% of portfolio
 		MRK
Merck & Co.
3.43% of portfolio
 		COF
Capital One Financial
3.31% of portfolio
 		GE
GE Aerospace
3.21% of portfolio
 		OXY
Occidental Petroleum
3.18% of portfolio
 		ORCL
Oracle Corp.
3.15% of portfolio
 		FDC
First Data Corp.
3.09% of portfolio
 		HPE
Hewlett Packard Enterprise
3.06% of portfolio
 		PRGO
Perrigo Co.
3.01% of portfolio
 		LBTYK
Liberty Global Ltd CL C
2.98% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.87% of portfolio
 		FLEX
Flex Ltd.
2.83% of portfolio
 		AMAT
Applied Materials
2.79% of portfolio
 		AON
Aon Plc
2.76% of portfolio
 		WBA
Walgreens Boots Alliance
2.75% of portfolio
 		TTE
TotalEnergies SE
2.71% of portfolio
 		KEYS
Keysight Technologies Inc.
2.70% of portfolio
 		CPN
Calpine Corp.
2.70% of portfolio
 		VOD
Vodafone Group PLC
2.67% of portfolio
2016   Q3$1.81 B MRK
Merck & Co.
3.80% of portfolio
 		BAC
Bank of America Corp.
3.39% of portfolio
 		C
Citigroup Inc.
3.38% of portfolio
 		COF
Capital One Financial
3.36% of portfolio
 		TTE
TotalEnergies SE
3.31% of portfolio
 		BP
BP plc
3.28% of portfolio
 		LBTYK
Liberty Global Ltd CL C
3.20% of portfolio
 		GE
GE Aerospace
3.14% of portfolio
 		ORCL
Oracle Corp.
3.04% of portfolio
 		CIT
CIT Group
2.99% of portfolio
 		CBS
CBS Corp.
2.94% of portfolio
 		AON
Aon Plc
2.91% of portfolio
 		PFE
Pfizer Inc.
2.87% of portfolio
 		HPE
Hewlett Packard Enterprise
2.84% of portfolio
 		FLEX
Flex Ltd.
2.80% of portfolio
 		WBA
Walgreens Boots Alliance
2.80% of portfolio
 		TMO
Thermo Fisher Scientific
2.79% of portfolio
 		EXC
Exelon Corp.
2.77% of portfolio
 		FDC
First Data Corp.
2.75% of portfolio
 		MSFT
Microsoft Corp.
2.75% of portfolio
2016   Q2$1.78 B MRK
Merck & Co.
3.56% of portfolio
 		TTE
TotalEnergies SE
3.38% of portfolio
 		ORCL
Oracle Corp.
3.21% of portfolio
 		CMCSA
Comcast Corp.
3.02% of portfolio
 		IP
International Paper
2.97% of portfolio
 		BP
BP plc
2.89% of portfolio
 		C
Citigroup Inc.
2.82% of portfolio
 		HPE
Hewlett Packard Enterprise
2.82% of portfolio
 		PFE
Pfizer Inc.
2.78% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.70% of portfolio
 		GE
GE Aerospace
2.69% of portfolio
 		TMO
Thermo Fisher Scientific
2.69% of portfolio
 		EXC
Exelon Corp.
2.67% of portfolio
 		CPN
Calpine Corp.
2.67% of portfolio
 		CIT
CIT Group
2.67% of portfolio
 		LBTYK
Liberty Global Ltd CL C
2.64% of portfolio
 		BAC
Bank of America Corp.
2.63% of portfolio
 		ADI
Analog Devices
2.61% of portfolio
 		PG
Procter & Gamble
2.61% of portfolio
 		COF
Capital One Financial
2.61% of portfolio
2016   Q1$1.82 B MRK
Merck & Co.
3.55% of portfolio
 		ORCL
Oracle Corp.
3.46% of portfolio
 		MSFT
Microsoft Corp.
3.38% of portfolio
 		IP
International Paper
3.22% of portfolio
 		FLEX
Flex Ltd.
3.19% of portfolio
 		COF
Capital One Financial
3.09% of portfolio
 		CBS
CBS Corp.
3.06% of portfolio
 		ADI
Analog Devices
2.93% of portfolio
 		CIT
CIT Group
2.92% of portfolio
 		LBTYK
Liberty Global Ltd CL C
2.84% of portfolio
 		IVZ
Invesco Ltd
2.80% of portfolio
 		AMAT
Applied Materials
2.78% of portfolio
 		CMCSA
Comcast Corp.
2.76% of portfolio
 		EXC
Exelon Corp.
2.75% of portfolio
 		KEYS
Keysight Technologies Inc.
2.74% of portfolio
 		TXN
Texas Instruments
2.73% of portfolio
 		GOOGL
Alphabet Inc.
2.72% of portfolio
 		C
Citigroup Inc.
2.71% of portfolio
 		TWX
Time Warner Inc.
2.69% of portfolio
 		BAC
Bank of America Corp.
2.68% of portfolio
2015   Q4$1.88 B TMO
Thermo Fisher Scientific
3.52% of portfolio
 		CIT
CIT Group
3.37% of portfolio
 		MSFT
Microsoft Corp.
3.30% of portfolio
 		C
Citigroup Inc.
3.26% of portfolio
 		MRK
Merck & Co.
3.25% of portfolio
 		ORCL
Oracle Corp.
3.25% of portfolio
 		AMAT
Applied Materials
3.18% of portfolio
 		AON
Aon Plc
3.14% of portfolio
 		BAC
Bank of America Corp.
3.09% of portfolio
 		A
Agilent Technologies
3.00% of portfolio
 		COF
Capital One Financial
3.00% of portfolio
 		CFG
Citizens Financial Group Inc.
2.98% of portfolio
 		CMCSA
Comcast Corp.
2.92% of portfolio
 		SNY
Sanofi Aventis
2.91% of portfolio
 		IVZ
Invesco Ltd
2.91% of portfolio
 		CBS
CBS Corp.
2.88% of portfolio
 		FLEX
Flex Ltd.
2.88% of portfolio
 		BP
BP plc
2.86% of portfolio
 		EQT
EQT Corp.
2.86% of portfolio
 		AER
AerCap Holdings N.V.
2.86% of portfolio
2015   Q3$1.82 B CIT
CIT Group
3.51% of portfolio
 		AON
Aon Plc
3.39% of portfolio
 		TMO
Thermo Fisher Scientific
3.37% of portfolio
 		ORCL
Oracle Corp.
3.32% of portfolio
 		TXN
Texas Instruments
3.31% of portfolio
 		BAC
Bank of America Corp.
3.25% of portfolio
 		C
Citigroup Inc.
3.23% of portfolio
 		AIG
American International Group
3.19% of portfolio
 		GE
GE Aerospace
3.13% of portfolio
 		MRK
Merck & Co.
3.13% of portfolio
 		SNY
Sanofi Aventis
3.11% of portfolio
 		COF
Capital One Financial
3.11% of portfolio
 		CMCSA
Comcast Corp.
3.03% of portfolio
 		CFG
Citizens Financial Group Inc.
3.03% of portfolio
 		HOUS
Anywhere Real Estate Inc.
2.90% of portfolio
 		AMAT
Applied Materials
2.83% of portfolio
 		VOD
Vodafone Group PLC
2.83% of portfolio
 		BP
BP plc
2.81% of portfolio
 		IVZ
Invesco Ltd
2.80% of portfolio
 		FLEX
Flex Ltd.
2.79% of portfolio
2015   Q2$2.25 B MRK
Merck & Co.
3.34% of portfolio
 		BAC
Bank of America Corp.
3.25% of portfolio
 		CIT
CIT Group
3.24% of portfolio
 		COF
Capital One Financial
3.22% of portfolio
 		ORCL
Oracle Corp.
3.22% of portfolio
 		C
Citigroup Inc.
3.13% of portfolio
 		TMO
Thermo Fisher Scientific
3.10% of portfolio
 		VOD
Vodafone Group PLC
3.06% of portfolio
 		AIG
American International Group
3.03% of portfolio
 		SNY
Sanofi Aventis
2.98% of portfolio
 		BP
BP plc
2.97% of portfolio
 		HOUS
Anywhere Real Estate Inc.
2.96% of portfolio
 		AON
Aon Plc
2.88% of portfolio
 		AMAT
Applied Materials
2.88% of portfolio
 		TWX
Time Warner Inc.
2.76% of portfolio
 		IP
International Paper
2.75% of portfolio
 		TXN
Texas Instruments
2.74% of portfolio
 		FLEX
Flex Ltd.
2.71% of portfolio
 		CMCSA
Comcast Corp.
2.65% of portfolio
 		CFG
Citizens Financial Group Inc.
2.65% of portfolio
2015   Q1$2.29 B AES
AES Corp.
3.44% of portfolio
 		GE
GE Aerospace
3.21% of portfolio
 		TMO
Thermo Fisher Scientific
3.20% of portfolio
 		AIG
American International Group
3.09% of portfolio
 		BP
BP plc
3.07% of portfolio
 		AON
Aon Plc
3.07% of portfolio
 		C
Citigroup Inc.
3.05% of portfolio
 		BAC
Bank of America Corp.
3.04% of portfolio
 		COF
Capital One Financial
3.02% of portfolio
 		ORCL
Oracle Corp.
2.99% of portfolio
 		SNY
Sanofi Aventis
2.97% of portfolio
 		IVZ
Invesco Ltd
2.93% of portfolio
 		CIT
CIT Group
2.91% of portfolio
 		VOD
Vodafone Group PLC
2.82% of portfolio
 		MSFT
Microsoft Corp.
2.81% of portfolio
 		CBS
CBS Corp.
2.80% of portfolio
 		IP
International Paper
2.80% of portfolio
 		CFG
Citizens Financial Group Inc.
2.80% of portfolio
 		AMAT
Applied Materials
2.78% of portfolio
 		FLEX
Flex Ltd.
2.74% of portfolio
2014   Q4$2.28 B AES
AES Corp.
3.18% of portfolio
 		ORCL
Oracle Corp.
3.13% of portfolio
 		AON
Aon Plc
3.10% of portfolio
 		BAC
Bank of America Corp.
3.06% of portfolio
 		TMO
Thermo Fisher Scientific
2.99% of portfolio
 		GE
GE Aerospace
2.94% of portfolio
 		IP
International Paper
2.92% of portfolio
 		AIG
American International Group
2.92% of portfolio
 		C
Citigroup Inc.
2.86% of portfolio
 		CIT
CIT Group
2.85% of portfolio
 		NVS
Novartis AG
2.77% of portfolio
 		CMCSA
Comcast Corp.
2.73% of portfolio
 		ELV
Elevance Health Inc.
2.66% of portfolio
 		VOD
Vodafone Group PLC
2.65% of portfolio
 		HOUS
Anywhere Real Estate Inc.
2.64% of portfolio
 		PG
Procter & Gamble
2.60% of portfolio
 		AMAT
Applied Materials
2.59% of portfolio
 		CFG
Citizens Financial Group Inc.
2.59% of portfolio
 		HSP
Hospira Inc.
2.53% of portfolio
 		MSFT
Microsoft Corp.
2.53% of portfolio
2014   Q3$2.42 B BAC
Bank of America Corp.
3.36% of portfolio
 		C
Citigroup Inc.
3.36% of portfolio
 		TMO
Thermo Fisher Scientific
3.17% of portfolio
 		QCOM
QUALCOMM Inc.
3.10% of portfolio
 		GE
GE Aerospace
2.99% of portfolio
 		SNY
Sanofi Aventis
2.98% of portfolio
 		PG
Procter & Gamble
2.95% of portfolio
 		AON
Aon Plc
2.91% of portfolio
 		A
Agilent Technologies
2.84% of portfolio
 		AES
AES Corp.
2.83% of portfolio
 		CIT
CIT Group
2.78% of portfolio
 		NVS
Novartis AG
2.77% of portfolio
 		AIG
American International Group
2.77% of portfolio
 		BP
BP plc
2.75% of portfolio
 		IVZ
Invesco Ltd
2.64% of portfolio
 		IP
International Paper
2.62% of portfolio
 		RS
Reliance Steel & Aluminum
2.61% of portfolio
 		VOD
Vodafone Group PLC
2.59% of portfolio
 		ELV
Elevance Health Inc.
2.59% of portfolio
 		CMCSA
Comcast Corp.
2.59% of portfolio
2014   Q2$2.36 B AES
AES Corp.
3.07% of portfolio
 		BP
BP plc
2.93% of portfolio
 		HES
Hess Corp.
2.89% of portfolio
 		AIG
American International Group
2.86% of portfolio
 		QCOM
QUALCOMM Inc.
2.84% of portfolio
 		MSFT
Microsoft Corp.
2.83% of portfolio
 		SNY
Sanofi Aventis
2.82% of portfolio
 		C
Citigroup Inc.
2.80% of portfolio
 		BAC
Bank of America Corp.
2.79% of portfolio
 		GE
GE Aerospace
2.69% of portfolio
 		CIT
CIT Group
2.66% of portfolio
 		AON
Aon Plc
2.65% of portfolio
 		CMCSA
Comcast Corp.
2.64% of portfolio
 		ELV
Elevance Health Inc.
2.61% of portfolio
 		LOW
Lowe's Cos.
2.60% of portfolio
 		IVZ
Invesco Ltd
2.58% of portfolio
 		A
Agilent Technologies
2.54% of portfolio
 		OI
O-I Glass Inc.
2.53% of portfolio
 		TMO
Thermo Fisher Scientific
2.53% of portfolio
 		WFRD
Weatherford International plc
2.52% of portfolio
2014   Q1$2.19 B QCOM
QUALCOMM Inc.
3.04% of portfolio
 		BP
BP plc
2.87% of portfolio
 		GE
GE Aerospace
2.86% of portfolio
 		BAC
Bank of America Corp.
2.85% of portfolio
 		SNY
Sanofi Aventis
2.80% of portfolio
 		HES
Hess Corp.
2.61% of portfolio
 		AES
AES Corp.
2.61% of portfolio
 		PG
Procter & Gamble
2.58% of portfolio
 		CVS
CVS Health Corp.
2.57% of portfolio
 		WFRD
Weatherford International plc
2.55% of portfolio
 		TDC
Teradata Corp.
2.55% of portfolio
 		AIG
American International Group
2.54% of portfolio
 		COF
Capital One Financial
2.50% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
2.49% of portfolio
 		C
Citigroup Inc.
2.46% of portfolio
 		CMCSA
Comcast Corp.
2.46% of portfolio
 		CIT
CIT Group
2.42% of portfolio
 		MSFT
Microsoft Corp.
2.39% of portfolio
 		SLB
Schlumberger Ltd.
2.38% of portfolio
 		IVZ
Invesco Ltd
2.35% of portfolio
2013   Q4$2.12 B QCOM
QUALCOMM Inc.
2.96% of portfolio
 		TMO
Thermo Fisher Scientific
2.69% of portfolio
 		BAC
Bank of America Corp.
2.67% of portfolio
 		GOOGL
Alphabet Inc.
2.62% of portfolio
 		BP
BP plc
2.61% of portfolio
 		DTV
DIRECTV Group Inc.
2.57% of portfolio
 		COF
Capital One Financial
2.56% of portfolio
 		AIG
American International Group
2.55% of portfolio
 		CVS
CVS Health Corp.
2.54% of portfolio
 		CTXS-OLD
Citrix Systems
2.53% of portfolio
 		VOD
Vodafone Group PLC
2.52% of portfolio
 		A
Agilent Technologies
2.51% of portfolio
 		TXN
Texas Instruments
2.51% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
2.50% of portfolio
 		CIT
CIT Group
2.50% of portfolio
 		GE
GE Aerospace
2.47% of portfolio
 		AES
AES Corp.
2.46% of portfolio
 		IVZ
Invesco Ltd
2.39% of portfolio
 		HES
Hess Corp.
2.37% of portfolio
 		WFRD
Weatherford International plc
2.35% of portfolio
2013   Q3$1.89 B TMO
Thermo Fisher Scientific
2.84% of portfolio
 		SLB
Schlumberger Ltd.
2.83% of portfolio
 		QCOM
QUALCOMM Inc.
2.77% of portfolio
 		AIG
American International Group
2.73% of portfolio
 		BAC
Bank of America Corp.
2.65% of portfolio
 		TXN
Texas Instruments
2.64% of portfolio
 		CIT
CIT Group
2.63% of portfolio
 		WFRD
Weatherford International plc
2.61% of portfolio
 		COF
Capital One Financial
2.58% of portfolio
 		CVS
CVS Health Corp.
2.57% of portfolio
 		MMC
Marsh & McLennan
2.54% of portfolio
 		CAH
Cardinal Health Inc.
2.53% of portfolio
 		VOD
Vodafone Group PLC
2.53% of portfolio
 		BP
BP plc
2.53% of portfolio
 		GE
GE Aerospace
2.52% of portfolio
 		A
Agilent Technologies
2.52% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
2.52% of portfolio
 		DTV
DIRECTV Group Inc.
2.49% of portfolio
 		AMAT
Applied Materials
2.47% of portfolio
 		NVS
Novartis AG
2.46% of portfolio
2013   Q2$1.72 B COF
Capital One Financial
2.85% of portfolio
 		AON
Aon Plc
2.81% of portfolio
 		AIG
American International Group
2.76% of portfolio
 		TMO
Thermo Fisher Scientific
2.75% of portfolio
 		BAC
Bank of America Corp.
2.67% of portfolio
 		BP
BP plc
2.60% of portfolio
 		ELV
Elevance Health Inc.
2.58% of portfolio
 		IVZ
Invesco Ltd
2.57% of portfolio
 		MSFT
Microsoft Corp.
2.57% of portfolio
 		WFRD
Weatherford International plc
2.56% of portfolio
 		HSP
Hospira Inc.
2.56% of portfolio
 		GOOGL
Alphabet Inc.
2.54% of portfolio
 		FLEX
Flex Ltd.
2.53% of portfolio
 		SLB
Schlumberger Ltd.
2.53% of portfolio
 		TXN
Texas Instruments
2.51% of portfolio
 		AMAT
Applied Materials
2.51% of portfolio
 		GE
GE Aerospace
2.50% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
2.49% of portfolio
 		NVS
Novartis AG
2.49% of portfolio
 		CAH
Cardinal Health Inc.
2.45% of portfolio
2013   Q1$1.58 B AIG
American International Group
2.91% of portfolio
 		SNY
Sanofi Aventis
2.87% of portfolio
 		TXN
Texas Instruments
2.87% of portfolio
 		MSFT
Microsoft Corp.
2.86% of portfolio
 		AON
Aon Plc
2.85% of portfolio
 		NVS
Novartis AG
2.85% of portfolio
 		BP
BP plc
2.81% of portfolio
 		GE
GE Aerospace
2.76% of portfolio
 		BAC
Bank of America Corp.
2.75% of portfolio
 		TMO
Thermo Fisher Scientific
2.73% of portfolio
 		IVZ
Invesco Ltd
2.70% of portfolio
 		GOOGL
Alphabet Inc.
2.68% of portfolio
 		LUV
Southwest Airlines
2.65% of portfolio
 		PFE
Pfizer Inc.
2.64% of portfolio
 		RSG
Republic Services
2.63% of portfolio
 		MMC
Marsh & McLennan
2.61% of portfolio
 		CVS
CVS Health Corp.
2.61% of portfolio
 		MRK
Merck & Co.
2.59% of portfolio
 		DVN
Devon Energy Corp.
2.56% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
2.55% of portfolio
2012   Q4$1.45 B STT
State Street Corp.
3.15% of portfolio
 		TXN
Texas Instruments
3.08% of portfolio
 		AIG
American International Group
3.04% of portfolio
 		COF
Capital One Financial
2.96% of portfolio
 		GOOGL
Alphabet Inc.
2.95% of portfolio
 		BAC
Bank of America Corp.
2.94% of portfolio
 		C
Citigroup Inc.
2.92% of portfolio
 		SNY
Sanofi Aventis
2.90% of portfolio
 		MSFT
Microsoft Corp.
2.88% of portfolio
 		PFE
Pfizer Inc.
2.86% of portfolio
 		UNH
United Health Group Inc.
2.78% of portfolio
 		LIFE-OLD
Life Technologies Corp.
2.77% of portfolio
 		NVS
Novartis AG
2.76% of portfolio
 		GE
GE Aerospace
2.74% of portfolio
 		BG
Bunge Global SA
2.70% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
2.70% of portfolio
 		SCHW
Charles Schwab Corp.
2.67% of portfolio
 		IVZ
Invesco Ltd
2.65% of portfolio
 		AON
Aon Plc
2.63% of portfolio
 		FLEX
Flex Ltd.
2.61% of portfolio
2012   Q3$1.48 B GE
GE Aerospace
3.21% of portfolio
 		STT
State Street Corp.
3.07% of portfolio
 		PFE
Pfizer Inc.
3.02% of portfolio
 		NVS
Novartis AG
3.02% of portfolio
 		SNY
Sanofi Aventis
2.97% of portfolio
 		MSFT
Microsoft Corp.
2.93% of portfolio
 		LIFE-OLD
Life Technologies Corp.
2.88% of portfolio
 		C
Citigroup Inc.
2.83% of portfolio
 		GOOGL
Alphabet Inc.
2.80% of portfolio
 		COF
Capital One Financial
2.76% of portfolio
 		CVS
CVS Health Corp.
2.71% of portfolio
 		TXN
Texas Instruments
2.69% of portfolio
 		IVZ
Invesco Ltd
2.67% of portfolio
 		BG
Bunge Global SA
2.60% of portfolio
 		AES
AES Corp.
2.59% of portfolio
 		UNH
United Health Group Inc.
2.59% of portfolio
 		SYY
Sysco Corp.
2.57% of portfolio
 		MMC
Marsh & McLennan
2.57% of portfolio
 		CMCSA
Comcast Corp.
2.55% of portfolio
 		SCHW
Charles Schwab Corp.
2.54% of portfolio
2012   Q2$1.47 B TWX
Time Warner Inc.
3.37% of portfolio
 		AES
AES Corp.
3.34% of portfolio
 		LIFE-OLD
Life Technologies Corp.
3.23% of portfolio
 		NVS
Novartis AG
3.22% of portfolio
 		UNH
United Health Group Inc.
3.20% of portfolio
 		MSFT
Microsoft Corp.
3.14% of portfolio
 		CVS
CVS Health Corp.
3.10% of portfolio
 		YHOO
Yahoo Inc.
3.08% of portfolio
 		TXN
Texas Instruments
3.02% of portfolio
 		SNY
Sanofi Aventis
2.99% of portfolio
 		GE
GE Aerospace
2.95% of portfolio
 		MMC
Marsh & McLennan
2.92% of portfolio
 		PFE
Pfizer Inc.
2.91% of portfolio
 		WFRD
Weatherford International plc
2.90% of portfolio
 		LOW
Lowe's Cos.
2.90% of portfolio
 		STT
State Street Corp.
2.83% of portfolio
 		COF
Capital One Financial
2.75% of portfolio
 		AMAT
Applied Materials
2.68% of portfolio
 		SYY
Sysco Corp.
2.65% of portfolio
 		C
Citigroup Inc.
2.63% of portfolio
2012   Q1$1.64 B MSFT
Microsoft Corp.
3.40% of portfolio
 		C
Citigroup Inc.
3.37% of portfolio
 		LIFE-OLD
Life Technologies Corp.
3.19% of portfolio
 		TWX
Time Warner Inc.
3.12% of portfolio
 		UNH
United Health Group Inc.
3.11% of portfolio
 		AES
AES Corp.
3.09% of portfolio
 		COF
Capital One Financial
3.08% of portfolio
 		CVS
CVS Health Corp.
3.06% of portfolio
 		ABT
Abbott Labs
3.06% of portfolio
 		LOW
Lowe's Cos.
2.99% of portfolio
 		DVN
Devon Energy Corp.
2.99% of portfolio
 		TXN
Texas Instruments
2.98% of portfolio
 		IVZ
Invesco Ltd
2.98% of portfolio
 		CMCSA
Comcast Corp.
2.87% of portfolio
 		BAC
Bank of America Corp.
2.83% of portfolio
 		MET
MetLife Inc.
2.81% of portfolio
 		WFRD
Weatherford International plc
2.78% of portfolio
 		MMC
Marsh & McLennan
2.77% of portfolio
 		GM
General Motors
2.75% of portfolio
 		WMT
Walmart Inc.
2.74% of portfolio
2011   Q4$1.55 B SUN
Sunoco Inc.
3.61% of portfolio
 		TWX
Time Warner Inc.
3.60% of portfolio
 		CVS
CVS Health Corp.
3.32% of portfolio
 		ABT
Abbott Labs
3.27% of portfolio
 		V
Visa Inc.
3.24% of portfolio
 		IVZ
Invesco Ltd
3.20% of portfolio
 		MSFT
Microsoft Corp.
3.16% of portfolio
 		EXC
Exelon Corp.
3.09% of portfolio
 		AES
AES Corp.
3.06% of portfolio
 		PFE
Pfizer Inc.
3.03% of portfolio
 		WMT
Walmart Inc.
3.00% of portfolio
 		TXN
Texas Instruments
3.00% of portfolio
 		STT
State Street Corp.
2.98% of portfolio
 		LOW
Lowe's Cos.
2.96% of portfolio
 		DVN
Devon Energy Corp.
2.93% of portfolio
 		CMCSA
Comcast Corp.
2.87% of portfolio
 		MMC
Marsh & McLennan
2.82% of portfolio
 		LIFE-OLD
Life Technologies Corp.
2.77% of portfolio
 		SNY
Sanofi Aventis
2.72% of portfolio
 		PG
Procter & Gamble
2.68% of portfolio
2011   Q3$1.47 B MSFT
Microsoft Corp.
3.90% of portfolio
 		TWX
Time Warner Inc.
3.35% of portfolio
 		ABT
Abbott Labs
3.30% of portfolio
 		EXC
Exelon Corp.
3.20% of portfolio
 		TXN
Texas Instruments
3.09% of portfolio
 		CVS
CVS Health Corp.
3.07% of portfolio
 		C
Citigroup Inc.
3.02% of portfolio
 		V
Visa Inc.
2.99% of portfolio
 		EBAY
eBay Inc.
2.95% of portfolio
 		CMCSA
Comcast Corp.
2.88% of portfolio
 		SUN
Sunoco Inc.
2.84% of portfolio
 		AES
AES Corp.
2.76% of portfolio
 		WMT
Walmart Inc.
2.75% of portfolio
 		PFE
Pfizer Inc.
2.71% of portfolio
 		GEN
Gen Digital Inc.
2.69% of portfolio
 		GM
General Motors
2.66% of portfolio
 		FLEX
Flex Ltd.
2.60% of portfolio
 		MMC
Marsh & McLennan
2.58% of portfolio
 		AMAT
Applied Materials
2.58% of portfolio
 		IVZ
Invesco Ltd
2.54% of portfolio
2011   Q2$1.91 B C
Citigroup Inc.
3.70% of portfolio
 		MSFT
Microsoft Corp.
3.62% of portfolio
 		EXC
Exelon Corp.
3.38% of portfolio
 		GEN
Gen Digital Inc.
3.25% of portfolio
 		GM
General Motors
3.21% of portfolio
 		ABT
Abbott Labs
3.11% of portfolio
 		TWX
Time Warner Inc.
3.09% of portfolio
 		EBAY
eBay Inc.
3.01% of portfolio
 		WMT
Walmart Inc.
2.95% of portfolio
 		MET
MetLife Inc.
2.90% of portfolio
 		IVZ
Invesco Ltd
2.84% of portfolio
 		PFE
Pfizer Inc.
2.80% of portfolio
 		BAC
Bank of America Corp.
2.76% of portfolio
 		AES
AES Corp.
2.73% of portfolio
 		IGT
International Game Technology
2.70% of portfolio
 		CMCSA
Comcast Corp.
2.69% of portfolio
 		SUN
Sunoco Inc.
2.69% of portfolio
 		V
Visa Inc.
2.64% of portfolio
 		TXN
Texas Instruments
2.63% of portfolio
 		OI
O-I Glass Inc.
2.62% of portfolio
2011   Q1$1.97 B MSFT
Microsoft Corp.
3.32% of portfolio
 		EXC
Exelon Corp.
3.16% of portfolio
 		PFE
Pfizer Inc.
3.05% of portfolio
 		C
Citigroup Inc.
3.04% of portfolio
 		GEN
Gen Digital Inc.
2.96% of portfolio
 		ABT
Abbott Labs
2.81% of portfolio
 		TWX
Time Warner Inc.
2.77% of portfolio
 		LUV
Southwest Airlines
2.76% of portfolio
 		MET
MetLife Inc.
2.62% of portfolio
 		BAC
Bank of America Corp.
2.60% of portfolio
 		AMAT
Applied Materials
2.57% of portfolio
 		EBAY
eBay Inc.
2.56% of portfolio
 		EQT
EQT Corp.
2.55% of portfolio
 		CMCSA
Comcast Corp.
2.54% of portfolio
 		CVS
CVS Health Corp.
2.54% of portfolio
 		LYB
LyondellBasell Industries
2.53% of portfolio
 		AES
AES Corp.
2.50% of portfolio
 		GM
General Motors
2.45% of portfolio
 		WMT
Walmart Inc.
2.42% of portfolio
 		IVZ
Invesco Ltd
2.42% of portfolio
2010   Q4$1.87 B C
Citigroup Inc.
3.43% of portfolio
 		MSFT
Microsoft Corp.
3.37% of portfolio
 		PFE
Pfizer Inc.
3.35% of portfolio
 		WMT
Walmart Inc.
3.33% of portfolio
 		BAC
Bank of America Corp.
3.14% of portfolio
 		EXC
Exelon Corp.
3.07% of portfolio
 		FLEX
Flex Ltd.
3.05% of portfolio
 		DVN
Devon Energy Corp.
2.97% of portfolio
 		CS-OLD
Credit Suisse Group
2.88% of portfolio
 		SCHW
Charles Schwab Corp.
2.78% of portfolio
 		ABT
Abbott Labs
2.77% of portfolio
 		EQT
EQT Corp.
2.75% of portfolio
 		AMAT
Applied Materials
2.72% of portfolio
 		CVS
CVS Health Corp.
2.71% of portfolio
 		MS
Morgan Stanley
2.67% of portfolio
 		MRO-OLD
Marathon Oil Corp.
2.67% of portfolio
 		CMCSA
Comcast Corp.
2.65% of portfolio
 		TWX
Time Warner Inc.
2.62% of portfolio
 		IGT
International Game Technology
2.60% of portfolio
 		SUN
Sunoco Inc.
2.55% of portfolio
2010   Q3$1.76 B PFE
Pfizer Inc.
3.62% of portfolio
 		AES
AES Corp.
3.54% of portfolio
 		MSFT
Microsoft Corp.
3.45% of portfolio
 		ABT
Abbott Labs
3.26% of portfolio
 		C
Citigroup Inc.
3.26% of portfolio
 		EXC
Exelon Corp.
3.26% of portfolio
 		DVN
Devon Energy Corp.
3.26% of portfolio
 		WMT
Walmart Inc.
3.16% of portfolio
 		KO
Coca Cola Co.
3.14% of portfolio
 		BAC
Bank of America Corp.
3.12% of portfolio
 		GEN
Gen Digital Inc.
3.02% of portfolio
 		IVZ
Invesco Ltd
3.00% of portfolio
 		APOL
Apollo Education Group Inc.
2.96% of portfolio
 		MRO-OLD
Marathon Oil Corp.
2.89% of portfolio
 		AMAT
Applied Materials
2.83% of portfolio
 		FLEX
Flex Ltd.
2.82% of portfolio
 		TXN
Texas Instruments
2.79% of portfolio
 		CMCSA
Comcast Corp.
2.78% of portfolio
 		BHI
Baker Hughes OLD
2.72% of portfolio
 		STT
State Street Corp.
2.70% of portfolio
2010   Q2$1.63 B GENZ
Genzyme Corp.
3.49% of portfolio
 		ABT
Abbott Labs
3.16% of portfolio
 		EXC
Exelon Corp.
3.15% of portfolio
 		MSFT
Microsoft Corp.
3.13% of portfolio
 		AES
AES Corp.
3.12% of portfolio
 		PFE
Pfizer Inc.
3.09% of portfolio
 		MRO-OLD
Marathon Oil Corp.
3.08% of portfolio
 		WMT
Walmart Inc.
3.08% of portfolio
 		SUN
Sunoco Inc.
3.07% of portfolio
 		NVS
Novartis AG
2.95% of portfolio
 		DVN
Devon Energy Corp.
2.93% of portfolio
 		KO
Coca Cola Co.
2.91% of portfolio
 		CMCSA
Comcast Corp.
2.83% of portfolio
 		C
Citigroup Inc.
2.77% of portfolio
 		BAX
Baxter International Inc.
2.70% of portfolio
 		STT
State Street Corp.
2.63% of portfolio
 		AMAT
Applied Materials
2.62% of portfolio
 		CS-OLD
Credit Suisse Group
2.61% of portfolio
 		GEN
Gen Digital Inc.
2.61% of portfolio
 		TXN
Texas Instruments
2.60% of portfolio
2010   Q1$2.13 B WMT
Walmart Inc.
3.08% of portfolio
 		PFE
Pfizer Inc.
3.08% of portfolio
 		VLO
Valero Energy
3.07% of portfolio
 		C
Citigroup Inc.
3.00% of portfolio
 		MSFT
Microsoft Corp.
2.98% of portfolio
 		IVZ
Invesco Ltd
2.97% of portfolio
 		COP
ConocoPhillips
2.89% of portfolio
 		TXN
Texas Instruments
2.89% of portfolio
 		EQT
EQT Corp.
2.87% of portfolio
 		BAC
Bank of America Corp.
2.86% of portfolio
 		QCOM
QUALCOMM Inc.
2.84% of portfolio
 		EXC
Exelon Corp.
2.79% of portfolio
 		CMCSA
Comcast Corp.
2.78% of portfolio
 		FLEX
Flex Ltd.
2.77% of portfolio
 		CS-OLD
Credit Suisse Group
2.69% of portfolio
 		GENZ
Genzyme Corp.
2.63% of portfolio
 		NVS
Novartis AG
2.58% of portfolio
 		KO
Coca Cola Co.
2.57% of portfolio
 		STT
State Street Corp.
2.53% of portfolio
 		AES
AES Corp.
2.49% of portfolio
2009   Q4$1.99 B HES
Hess Corp.
3.51% of portfolio
 		PFE
Pfizer Inc.
3.34% of portfolio
 		TXN
Texas Instruments
3.18% of portfolio
 		DVN
Devon Energy Corp.
3.02% of portfolio
 		EXC
Exelon Corp.
2.88% of portfolio
 		MSFT
Microsoft Corp.
2.84% of portfolio
 		IVZ
Invesco Ltd
2.81% of portfolio
 		INTU
Intuit Inc.
2.81% of portfolio
 		QCOM
QUALCOMM Inc.
2.66% of portfolio
 		EP
El Paso Corp.
2.63% of portfolio
 		ABT
Abbott Labs
2.62% of portfolio
 		CMCSA
Comcast Corp.
2.61% of portfolio
 		GEN
Gen Digital Inc.
2.58% of portfolio
 		WMT
Walmart Inc.
2.55% of portfolio
 		GENZ
Genzyme Corp.
2.51% of portfolio
 		MMC
Marsh & McLennan
2.48% of portfolio
 		BHI
Baker Hughes OLD
2.47% of portfolio
 		APOL
Apollo Education Group Inc.
2.47% of portfolio
 		C
Citigroup Inc.
2.46% of portfolio
 		SCHW
Charles Schwab Corp.
2.46% of portfolio
2009   Q3$1.99 B ABT
Abbott Labs
3.26% of portfolio
 		COP
ConocoPhillips
3.19% of portfolio
 		MMC
Marsh & McLennan
3.18% of portfolio
 		CMCSA
Comcast Corp.
3.12% of portfolio
 		HES
Hess Corp.
3.10% of portfolio
 		PFE
Pfizer Inc.
3.05% of portfolio
 		GEN
Gen Digital Inc.
2.86% of portfolio
 		DVN
Devon Energy Corp.
2.84% of portfolio
 		WMT
Walmart Inc.
2.80% of portfolio
 		NVS
Novartis AG
2.68% of portfolio
 		MSFT
Microsoft Corp.
2.67% of portfolio
 		IVZ
Invesco Ltd
2.63% of portfolio
 		CB
Chubb Limited
2.60% of portfolio
 		GHC
Graham Holdings Co.
2.58% of portfolio
 		MS
Morgan Stanley
2.57% of portfolio
 		EXC
Exelon Corp.
2.50% of portfolio
 		FLEX
Flex Ltd.
2.42% of portfolio
 		INTU
Intuit Inc.
2.36% of portfolio
 		SLB
Schlumberger Ltd.
2.30% of portfolio
 		CS-OLD
Credit Suisse Group
2.28% of portfolio
2009   Q2$1.68 B PFE
Pfizer Inc.
3.61% of portfolio
 		BSX
Boston Scientific
3.40% of portfolio
 		KO
Coca Cola Co.
3.38% of portfolio
 		AES
AES Corp.
3.37% of portfolio
 		BRK.A
Berkshire Hathaway CL A
3.23% of portfolio
 		TXN
Texas Instruments
3.15% of portfolio
 		CB
Chubb Limited
3.02% of portfolio
 		MMC
Marsh & McLennan
2.98% of portfolio
 		ABT
Abbott Labs
2.96% of portfolio
 		TWX
Time Warner Inc.
2.94% of portfolio
 		KMB
Kimberly-Clark
2.87% of portfolio
 		NVS
Novartis AG
2.85% of portfolio
 		WMT
Walmart Inc.
2.85% of portfolio
 		AET
Aetna Inc.
2.81% of portfolio
 		CMCSA
Comcast Corp.
2.79% of portfolio
 		UNLYF
Unilever Ord Shares
2.69% of portfolio
 		COP
ConocoPhillips
2.66% of portfolio
 		GEN
Gen Digital Inc.
2.64% of portfolio
 		EXC
Exelon Corp.
2.64% of portfolio
 		AON
Aon Plc
2.61% of portfolio
2009   Q1$1.42 B BRK.A
Berkshire Hathaway CL A
4.30% of portfolio
 		CS-OLD
Credit Suisse Group
3.59% of portfolio
 		KO
Coca Cola Co.
3.46% of portfolio
 		PFE
Pfizer Inc.
3.39% of portfolio
 		PGR
Progressive Corp.
3.36% of portfolio
 		CB
Chubb Limited
3.31% of portfolio
 		MMC
Marsh & McLennan
3.30% of portfolio
 		TXN
Texas Instruments
3.30% of portfolio
 		TWX
Time Warner Inc.
3.25% of portfolio
 		DVN
Devon Energy Corp.
3.21% of portfolio
 		CMCSA
Comcast Corp.
3.13% of portfolio
 		SE-OLD
Spectra Energy Corp.
3.06% of portfolio
 		BSX
Boston Scientific
3.03% of portfolio
 		EXC
Exelon Corp.
2.93% of portfolio
 		NVS
Novartis AG
2.93% of portfolio
 		GEN
Gen Digital Inc.
2.92% of portfolio
 		MRO-OLD
Marathon Oil Corp.
2.91% of portfolio
 		INTU
Intuit Inc.
2.76% of portfolio
 		GHC
Graham Holdings Co.
2.75% of portfolio
 		WMT
Walmart Inc.
2.75% of portfolio
2008   Q4$1.54 B BRK.A
Berkshire Hathaway CL A
4.09% of portfolio
 		PFE
Pfizer Inc.
3.96% of portfolio
 		BSX
Boston Scientific
3.95% of portfolio
 		TWX
Time Warner Inc.
3.67% of portfolio
 		CAH
Cardinal Health Inc.
3.28% of portfolio
 		TXN
Texas Instruments
3.22% of portfolio
 		CMCSA
Comcast Corp.
3.12% of portfolio
 		MMC
Marsh & McLennan
2.99% of portfolio
 		SE-OLD
Spectra Energy Corp.
2.98% of portfolio
 		SHEL
Shell plc
2.95% of portfolio
 		AET
Aetna Inc.
2.94% of portfolio
 		GEN
Gen Digital Inc.
2.83% of portfolio
 		ABT
Abbott Labs
2.77% of portfolio
 		GHC
Graham Holdings Co.
2.76% of portfolio
 		EXC
Exelon Corp.
2.74% of portfolio
 		CS-OLD
Credit Suisse Group
2.73% of portfolio
 		DUK
Duke Energy
2.67% of portfolio
 		EP
El Paso Corp.
2.64% of portfolio
 		DVN
Devon Energy Corp.
2.59% of portfolio
 		KMB
Kimberly-Clark
2.56% of portfolio
2008   Q3$2.12 B AES
AES Corp.
3.94% of portfolio
 		EP
El Paso Corp.
3.76% of portfolio
 		APOL
Apollo Education Group Inc.
3.72% of portfolio
 		BSX
Boston Scientific
3.70% of portfolio
 		SHEL
Shell plc
3.59% of portfolio
 		TWX
Time Warner Inc.
3.52% of portfolio
 		CMCSA
Comcast Corp.
3.44% of portfolio
 		PFE
Pfizer Inc.
3.36% of portfolio
 		GEN
Gen Digital Inc.
3.30% of portfolio
 		UNLYF
Unilever Ord Shares
3.20% of portfolio
 		CAH
Cardinal Health Inc.
3.14% of portfolio
 		KMB
Kimberly-Clark
3.12% of portfolio
 		GHC
Graham Holdings Co.
3.08% of portfolio
 		UNM
Unum Group
2.86% of portfolio
 		FLEX
Flex Ltd.
2.79% of portfolio
 		CS-OLD
Credit Suisse Group
2.73% of portfolio
 		TXN
Texas Instruments
2.72% of portfolio
 		SE-OLD
Spectra Energy Corp.
2.70% of portfolio
 		IPG
Interpublic Group
2.68% of portfolio
 		MRO-OLD
Marathon Oil Corp.
2.67% of portfolio
2008   Q2$2.28 B BRL
Barr Pharmaceuticals Inc.
3.87% of portfolio
 		SE-OLD
Spectra Energy Corp.
3.33% of portfolio
 		TWX
Time Warner Inc.
3.30% of portfolio
 		BSX
Boston Scientific
3.24% of portfolio
 		PFE
Pfizer Inc.
3.15% of portfolio
 		CI
Cigna Group
3.14% of portfolio
 		SHEL
Shell plc
3.13% of portfolio
 		AES
AES Corp.
3.10% of portfolio
 		CS-OLD
Credit Suisse Group
3.10% of portfolio
 		CMCSA
Comcast Corp.
3.06% of portfolio
 		FLEX
Flex Ltd.
3.04% of portfolio
 		GHC
Graham Holdings Co.
3.02% of portfolio
 		GEN
Gen Digital Inc.
2.88% of portfolio
 		TXN
Texas Instruments
2.81% of portfolio
 		EP
El Paso Corp.
2.76% of portfolio
 		UNM
Unum Group
2.76% of portfolio
 		NEM
Newmont Corp.
2.71% of portfolio
 		GOLD
Barrick Gold Corp.
2.68% of portfolio
 		PXD-OLD
Pioneer Natural Resources
2.67% of portfolio
 		UNLYF
Unilever Ord Shares
2.64% of portfolio
2008   Q1$2.33 B GE
GE Aerospace
3.85% of portfolio
 		PXD-OLD
Pioneer Natural Resources
3.56% of portfolio
 		CS-OLD
Credit Suisse Group
3.48% of portfolio
 		EP
El Paso Corp.
3.47% of portfolio
 		PFE
Pfizer Inc.
3.42% of portfolio
 		DIS
Walt Disney Co.
3.34% of portfolio
 		BSX
Boston Scientific
3.33% of portfolio
 		BRL
Barr Pharmaceuticals Inc.
3.28% of portfolio
 		CI
Cigna Group
3.23% of portfolio
 		CMCSA
Comcast Corp.
3.23% of portfolio
 		FLEX
Flex Ltd.
3.21% of portfolio
 		AES
AES Corp.
3.14% of portfolio
 		GHC
Graham Holdings Co.
3.08% of portfolio
 		UNLYF
Unilever Ord Shares
3.08% of portfolio
 		TWX
Time Warner Inc.
3.07% of portfolio
 		SE-OLD
Spectra Energy Corp.
2.88% of portfolio
 		IPG
Interpublic Group
2.81% of portfolio
 		IVZ
Invesco Ltd
2.78% of portfolio
 		LUV
Southwest Airlines
2.72% of portfolio
 		UNM
Unum Group
2.66% of portfolio
2007   Q4$2.67 B TWX
Time Warner Inc.
4.07% of portfolio
 		GE
GE Aerospace
4.02% of portfolio
 		DIS
Walt Disney Co.
3.72% of portfolio
 		IVZ
Invesco Ltd
3.68% of portfolio
 		CI
Cigna Group
3.58% of portfolio
 		FLEX
Flex Ltd.
3.57% of portfolio
 		EP
El Paso Corp.
3.51% of portfolio
 		AES
AES Corp.
3.50% of portfolio
 		BRL
Barr Pharmaceuticals Inc.
3.41% of portfolio
 		UNM
Unum Group
3.41% of portfolio
 		GHC
Graham Holdings Co.
3.21% of portfolio
 		PFE
Pfizer Inc.
3.07% of portfolio
 		AON
Aon Plc
3.02% of portfolio
 		BAX
Baxter International Inc.
2.97% of portfolio
 		TXN
Texas Instruments
2.92% of portfolio
 		WM
Waste Management Inc.
2.75% of portfolio
 		SE-OLD
Spectra Energy Corp.
2.70% of portfolio
 		CS-OLD
Credit Suisse Group
2.65% of portfolio
 		LUV
Southwest Airlines
2.54% of portfolio
 		BSX
Boston Scientific
2.52% of portfolio
2007   Q3$2.89 B GE
GE Aerospace
4.15% of portfolio
 		BSX
Boston Scientific
3.88% of portfolio
 		AES
AES Corp.
3.57% of portfolio
 		BAC
Bank of America Corp.
3.46% of portfolio
 		BRL
Barr Pharmaceuticals Inc.
3.38% of portfolio
 		GOLD
Barrick Gold Corp.
3.33% of portfolio
 		GEN
Gen Digital Inc.
3.32% of portfolio
 		CMCSA
Comcast Corp.
3.17% of portfolio
 		TWX
Time Warner Inc.
3.07% of portfolio
 		DIS
Walt Disney Co.
3.04% of portfolio
 		FLEX
Flex Ltd.
2.95% of portfolio
 		WM
Waste Management Inc.
2.94% of portfolio
 		AON
Aon Plc
2.91% of portfolio
 		GHC
Graham Holdings Co.
2.90% of portfolio
 		EP
El Paso Corp.
2.89% of portfolio
 		IPG
Interpublic Group
2.89% of portfolio
 		IVZ
Invesco Ltd
2.65% of portfolio
 		UNLYF
Unilever Ord Shares
2.65% of portfolio
 		CI
Cigna Group
2.62% of portfolio
 		UNM
Unum Group
2.61% of portfolio
2007   Q2$2.92 B GE
GE Aerospace
3.80% of portfolio
 		TWX
Time Warner Inc.
3.69% of portfolio
 		AES
AES Corp.
3.31% of portfolio
 		FLEX
Flex Ltd.
3.24% of portfolio
 		EP
El Paso Corp.
3.21% of portfolio
 		GEN
Gen Digital Inc.
3.15% of portfolio
 		GHC
Graham Holdings Co.
3.12% of portfolio
 		WM
Waste Management Inc.
3.01% of portfolio
 		LUV
Southwest Airlines
3.01% of portfolio
 		AIG
American International Group
2.98% of portfolio
 		BRL
Barr Pharmaceuticals Inc.
2.96% of portfolio
 		GOLD
Barrick Gold Corp.
2.91% of portfolio
 		BAC
Bank of America Corp.
2.80% of portfolio
 		IPG
Interpublic Group
2.79% of portfolio
 		BSX
Boston Scientific
2.77% of portfolio
 		UNLYF
Unilever Ord Shares
2.65% of portfolio
 		MMC
Marsh & McLennan
2.65% of portfolio
 		DIS
Walt Disney Co.
2.62% of portfolio
 		AON
Aon Plc
2.56% of portfolio
 		C
Citigroup Inc.
2.53% of portfolio
2007   Q1$2.81 B GE
GE Aerospace
3.64% of portfolio
 		BRK.A
Berkshire Hathaway CL A
3.59% of portfolio
 		UNLYF
Unilever Ord Shares
3.43% of portfolio
 		TWX
Time Warner Inc.
3.38% of portfolio
 		BAC
Bank of America Corp.
3.37% of portfolio
 		FLEX
Flex Ltd.
3.20% of portfolio
 		DIS
Walt Disney Co.
3.12% of portfolio
 		IPG
Interpublic Group
3.12% of portfolio
 		CB
Chubb Limited
3.11% of portfolio
 		PFE
Pfizer Inc.
3.08% of portfolio
 		LUV
Southwest Airlines
3.07% of portfolio
 		USB
U.S. Bancorp
3.07% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
2.91% of portfolio
 		AES
AES Corp.
2.68% of portfolio
 		WM
Waste Management Inc.
2.65% of portfolio
 		GHC
Graham Holdings Co.
2.62% of portfolio
 		AON
Aon Plc
2.62% of portfolio
 		MMC
Marsh & McLennan
2.61% of portfolio
 		GEN
Gen Digital Inc.
2.54% of portfolio
 		SHEL
Shell plc
2.53% of portfolio
2006   Q4$2.78 B TWX
Time Warner Inc.
4.16% of portfolio
 		BRK.A
Berkshire Hathaway CL A
3.66% of portfolio
 		FWONA
Liberty Media Corp Formula One Series A
3.35% of portfolio
 		DIS
Walt Disney Co.
3.31% of portfolio
 		UNLYF
Unilever Ord Shares
3.29% of portfolio
 		PFE
Pfizer Inc.
3.19% of portfolio
 		HMC
Honda Motor Co. Ltd.
3.12% of portfolio
 		IPG
Interpublic Group
3.12% of portfolio
 		USB
U.S. Bancorp
3.12% of portfolio
 		AON
Aon Plc
3.06% of portfolio
 		LUV
Southwest Airlines
2.96% of portfolio
 		GEN
Gen Digital Inc.
2.96% of portfolio
 		BAC
Bank of America Corp.
2.94% of portfolio
 		COP
ConocoPhillips
2.88% of portfolio
 		FLEX
Flex Ltd.
2.87% of portfolio
 		CB
Chubb Limited
2.83% of portfolio
 		GNW
Genworth Financial Inc.
2.71% of portfolio
 		BAX
Baxter International Inc.
2.60% of portfolio
 		GE
GE Aerospace
2.57% of portfolio
 		LYO
Lyondell Chemical Co.
2.55% of portfolio