Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
124
Top-10 weight
25.46%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
71
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
827.9
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | MARSH & MCLENNAN | — | 1,285,056 | $222.89M | 3.54% |
| 2 | JOHNSON&JOHNSON | — | 770,977 | $188.46M | 2.99% |
| 3 | Enterprise Products Partners LP | — | 4,732,718 | $179.09M | 2.84% |
| 4 | JPMORGAN CHASE and CO | — | 586,112 | $172.41M | 2.74% |
| 5 | BECTON DICKINSON and CO | — | 1,032,999 | $162.42M | 2.58% |
| 6 | NORFOLK SOUTHERN CORP | — | 539,780 | $154.92M | 2.46% |
| 7 | MEDTRONIC PLC | — | 1,636,811 | $141.83M | 2.25% |
| 8 | PEPSICO INC | — | 830,659 | $128.99M | 2.05% |
| 9 | MICROCHIP TECHNOLOGY INC SR UNSECURED 06/30 0.75 | MCHP | 127,645,000 | $126.46M | 2.01% |
| 10 | KIMBERLY CLARK CORP | — | 1,294,517 | $124.88M | 1.98% |
| 11 | LINDE PLC | — | 242,788 | $120.36M | 1.91% |
| 12 | EXXON MOBIL CORP | — | 689,128 | $116.92M | 1.86% |
| 13 | CHEVRON CORP | — | 559,224 | $115.70M | 1.84% |
| 14 | MONDELEZ INTL INC | — | 1,805,791 | $104.09M | 1.65% |
| 15 | CISCO SYSTEMS INC | — | 1,338,176 | $103.83M | 1.65% |
| 16 | ANALOG DEVICES INC | — | 318,858 | $101.44M | 1.61% |
| 17 | UNILEVER PLC | — | 1,722,678 | $97.26M | 1.54% |
| 18 | Truist Financial Corp. Series Q Perpetual, 5.10%, 03/01/2030 | TFC | 96,191,000 | $96.08M | 1.53% |
| 19 | VERIZON COMMUNICATIONS INC | — | 1,819,968 | $91.36M | 1.45% |
| 20 | US BANCORP DEL | — | 1,697,250 | $88.27M | 1.40% |
| 21 | Fixed Income Clearing Corp 3.66 04/01/2026 | — | 85,586,000 | $85.59M | 1.36% |
| 22 | TRUIST FINL CORP | — | 1,847,517 | $84.93M | 1.35% |
| 23 | SCHW V4 PERP I | SCHW | 82,997,000 | $82.49M | 1.31% |
| 24 | PACKAGING CORP OF AMERICA | — | 375,272 | $79.64M | 1.26% |
| 25 | DUKE ENERGY CORP NEW | — | 606,809 | $79.46M | 1.26% |
| 26 | ONE GAS INC | — | 909,140 | $78.30M | 1.24% |
| 27 | BAKER HUGHES CO | — | 1,274,933 | $77.83M | 1.24% |
| 28 | RTX CORP | — | 396,698 | $76.52M | 1.21% |
| 29 | REINSURANCE GROUP OF AMERICA | — | 368,038 | $75.14M | 1.19% |
| 30 | ATMOS ENERGY CORP | — | 397,967 | $73.51M | 1.17% |
| 31 | SPIRE INC | — | 808,397 | $73.19M | 1.16% |
| 32 | ON Semiconductor Corporation, Convertible | ON | 73,238,000 | $71.77M | 1.14% |
| 33 | C V6.25 PERP T | C | 68,571,000 | $68.65M | 1.09% |
| 34 | CSX CORP | — | 1,656,730 | $68.01M | 1.08% |
| 35 | BLACKROCK INC | — | 69,018 | $66.38M | 1.05% |
| 36 | WALMART INC | — | 524,357 | $65.17M | 1.03% |
| 37 | MERCK & CO | — | 539,090 | $64.85M | 1.03% |
| 38 | Envista Holdings Corporation, Convertible | NVST | 64,648,000 | $64.37M | 1.02% |
| 39 | ROCHE HOLDING AG | — | 160,317 | $63.98M | 1.02% |
| 40 | M&T Bank Corp., Series F | MTB | 64,275,000 | $63.81M | 1.01% |
| 41 | DOVER CORP | — | 297,758 | $62.07M | 0.99% |
| 42 | PACCAR INC | — | 520,645 | $60.13M | 0.95% |
| 43 | SCHWAB CHARLES CORP | — | 624,806 | $58.72M | 0.93% |
| 44 | UNITEDHEALTH GRP | — | 209,694 | $56.74M | 0.90% |
| 45 | Cracker Barrel Old Country Store Inc (conv) 0.63% 06/15/2026 | CBRL | 54,105,000 | $53.04M | 0.84% |
| 46 | Bunzl Public Limited Company | BNZL | 1,668,647 | $50.24M | 0.80% |
| 47 | SANOFI SPON ADR | SNY US | 1,015,901 | $48.95M | 0.78% |
| 48 | SMITH (AO) CORP | — | 740,806 | $48.85M | 0.78% |
| 49 | QUEST DIAGNOSTICS INC | — | 247,355 | $48.48M | 0.77% |
| 50 | HONEYWELL INTL INC | — | 211,685 | $47.85M | 0.76% |
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