Managers / Q3 2019
HALSEY ASSOCIATES INC/CT
CIK 0001034188 · 265 CHURCH STREET, NEW HAVEN, CT, 06510 · 2037720740
Summary
Halsey Associates Inc/Ct reported $629M in U.S.-listed holdings across 108 positions for Q3 2019.
Its largest position, AAPL, represents 4.8% of the portfolio.
Compared with Q2 2019, the fund opened 14 new positions and exited 2.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 60.5% · $381M
- Other · 39.3% · $247M
- ADR · 0.1% · $742,000
- Royalty Trst · 0.1% · $551,000
- REIT · 0.0% · $217,000
- Other · 0.0% · $205,000
Quarter-over-Quarter Changes full breakdown →
vs Q2 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PPGPPG | NEW | +6.3K | 6.3K | +$750,000 | $750,000 |
| Xylem | NEW | +9.4K | 9.4K | +$747,000 | $747,000 |
| AXPAmerican Express | NEW | +6.2K | 6.2K | +$728,000 | $728,000 |
| NRTNorth European Royalty Trust | NEW | +90.4K | 90.4K | +$551,000 | $551,000 |
| Service Properties | NEW | +16.6K | 16.6K | +$426,000 | $426,000 |
| YUMYum Brands | NEW | +2.8K | 2.8K | +$321,000 | $321,000 |
| ITT | NEW | +4.3K | 4.3K | +$264,000 | $264,000 |
| WFCWells Fargo | NEW | +5.2K | 5.2K | +$262,000 | $262,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | Alphabet Cl C | COM | 5.16% | $32M | 26.6K |
| 2 | AAPLApplehistory → | COM | 4.77% | $30M | 133.9K |
| 3 | Visa | COM | 4.64% | $29M | 169.7K |
| 4 | BDXBecton Dickinsonhistory → | COM | 3.84% | $24M | 95.5K |
| 5 | AMZNAmazonhistory → | COM | 3.66% | $23M | 13.3K |
| 6 | IQVIA Holdings | COM | 3.64% | $23M | 153.5K |
| 7 | RMEResMedhistory → | COM | 3.56% | $22M | 166.0K |
| 8 | Berkshire Hathaway B | COM | 3.55% | $22M | 107.3K |
| 9 | PayPal | COM | 3.09% | $19M | 187.7K |
| 10 | PEPPepsiCohistory → | COM | 3.02% | $19M | 138.8K |
| 11 | SBUXStarbuckshistory → | COM | 3.01% | $19M | 214.1K |
| 12 | DISWalt Disney Companyhistory → | COM | 2.95% | $19M | 142.6K |
| 13 | Booking Holdings | COM | 2.86% | $18M | 9.2K |
| 14 | Quanta Services | COM | 2.53% | $16M | 420.6K |
| 15 | METAFacebookhistory → | COM | 2.48% | $16M | 87.6K |
| 16 | PANWPalo Alto Networkshistory → | COM | 2.30% | $14M | 70.9K |
| 17 | JECUSDJacobs Engineeringhistory → | COM | 2.21% | $14M | 152.3K |
| 18 | ZBRAZebra Techhistory → | COM | 2.18% | $14M | 66.6K |
| 19 | UPSUnited Parcel Servicehistory → | COM | 2.14% | $13M | 112.2K |
| 20 | DEDeere & Cohistory → | COM | 2.14% | $13M | 79.7K |
| 21 | Norwegian Cruise Lines | COM | 2.09% | $13M | 253.5K |
| 22 | APDAir Productshistory → | COM | 1.98% | $12M | 56.1K |
| 23 | NKENikehistory → | COM | 1.96% | $12M | 131.3K |
| 24 | Invitation Homes | COM | 1.93% | $12M | 410.8K |
| 25 | KSUEURKansas City Southernhistory → | COM | 1.81% | $11M | 85.7K |
| 26 | American Tower | COM | 1.73% | $11M | 49.3K |
| 27 | Exxon Mobil | COM | 1.59% | $10M | 142.1K |
| 28 | BABoeinghistory → | COM | 1.45% | $9M | 23.9K |
| 29 | REGNRegeneron Pharmaceuticalshistory → | COM | 1.39% | $9M | 31.6K |
| 30 | Kinder Morgan | COM | 1.38% | $9M | 422.0K |
| 31 | JNJJohnson & Johnsonhistory → | COM | 1.11% | $7M | 54.0K |
| 32 | SPLKCHFSplunkhistory → | COM | 1.00% | $6M | 53.6K |
| 33 | Diageo PLC | COM | 0.90% | $6M | 34.7K |
| 34 | VEEVVeeva Systems | COM | 0.85% | $5M | 35.0K |
| 35 | CELGCelgene | COM | 0.83% | $5M | 52.5K |
| 36 | JPMJP Morgan Chase | COM | 0.77% | $5M | 41.2K |
| 37 | Aptiv plc | COM | 0.73% | $5M | 52.9K |
| 38 | KOCoca Cola | COM | 0.68% | $4M | 78.5K |
| 39 | Varian Medical Systems | COM | 0.63% | $4M | 33.4K |
| 40 | DNKNDunkin' Brands | COM | 0.61% | $4M | 48.6K |
| 41 | PGProctor & Gamble | COM | 0.61% | $4M | 30.7K |
| 42 | Cisco Systems | COM | 0.61% | $4M | 77.3K |
| 43 | EWEdwards Lifesciences | COM | 0.59% | $4M | 16.9K |
| 44 | WMTWalMart | COM | 0.55% | $3M | 29.1K |
| 45 | ADPAutomatic Data | COM | 0.44% | $3M | 17.2K |
| 46 | IBMIBM | COM | 0.43% | $3M | 18.7K |
| 47 | EPAM Systems | COM | 0.42% | $3M | 14.6K |
| 48 | ABTAbbott Labs | COM | 0.39% | $2M | 29.0K |
| 49 | INTCIntel | COM | 0.35% | $2M | 43.0K |
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.