SEC 13F Intelligence

Managers / Q4 2023 · view latest →

FAIRFIELD, BUSH & CO.

CIK 0001116247 · 320 BOSTON POST ROAD, SUITE 150, DARIEN, CT, 06820 · 2037775900

Reported Value
$171M
Q4 2023
Positions
530
Filings on Record
32
2019–present window
Filed
Feb 13, 2024
original filing

Summary

Fairfield, Bush & Co. reported $171M in U.S.-listed holdings across 530 positions for Q4 2023.

Its largest position, MSFT, represents 6.6% of the portfolio.

Compared with Q3 2023, the fund opened 423 new positions and exited 3.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+37.1%
share of reported value
Largest Position
+6.6%
Microsoft Corp Com
New / Exited
423 / 3
positions this quarter

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $291MQ4 ’18Q1 ’19: $301MQ2 ’19: $294MQ3 ’19: $289MQ4 ’19: $272MQ4 ’19Q1 ’20: $241MQ2 ’20: $280MQ3 ’20: $313MQ4 ’20: $343MQ4 ’20Q1 ’21: $350MQ2 ’21: $368MQ3 ’21: $308MQ4 ’21: $209MQ4 ’21Q1 ’22: $199MQ2 ’22: $170MQ3 ’22: $142MQ4 ’22: $151MQ4 ’22Q1 ’23: $284MQ2 ’23: $363MQ3 ’23: $153MQ4 ’23: $171MQ4 ’23Q1 ’24: $169MQ2 ’24: $167MQ3 ’24: $168MQ4 ’24: $170MQ4 ’24Q1 ’25: $158MQ2 ’25: $177MQ3 ’25: $195MQ4 ’25: $190MQ4 ’25Q1 ’26: $180Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 85.2%ADR: 6.2%ETP: 4.2%Other: 3.5%REIT: 0.6%Other: 0.4%
  • Common Stock · 85.2% · $145M
  • ADR · 6.2% · $11M
  • ETP · 4.2% · $7M
  • Other · 3.5% · $6M
  • REIT · 0.6% · $967,734
  • Other · 0.4% · $762,733

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES RUSSELL 2000 ETFNEW+3.0K3.0K+$607,556$607,556
VRTXVERTEX PHARMACEUTICALS INC COMNEW+1.4K1.4K+$568,018$568,018
INVESCO S&P 500 EQUAL WEIGHT ETFNEW+2.4K2.4K+$381,560$381,560
VUGVANGUARD GROWTH ETFNEW+876876+$272,337$272,337
ISHARES RUSSELL MIDCAP ETFNEW+3.1K3.1K+$240,832$240,832
MBINMERCHANTS BANCORP IND COMNEW+5.3K5.3K+$226,019$226,019
DUKDUKE ENERGY CORP NEW COM NEWNEW+2.3K2.3K+$222,416$222,416
TSLATESLA INC COMNEW+849849+$210,960$210,960

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

499 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORP COMhistory →Stock6.55%$11M29.7K
2ADMARCHER DANIELS MIDLAND CO COMhistory →Stock6.13%$10M144.7K
3AMZNAMAZON COM INC COMhistory →Stock4.42%$8M49.6K
4GOOGALPHABET INC CAP STK CL CStock3.87%$7M46.9K
5ORCLORACLE CORP COMhistory →Stock2.98%$5M48.3K
6LOWLOWES COS INC COMhistory →Stock2.83%$5M21.7K
7TSMTAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADShistory →ADR2.77%$5M45.5K
8JPMJPMORGAN CHASE & CO COMhistory →Stock2.60%$4M26.0K
9AAPLAPPLE INC COMhistory →Stock2.52%$4M22.3K
10CHVCHEVRON CORP NEW COMhistory →Stock2.43%$4M27.8K
11QCOMQUALCOMM INC COMhistory →Stock2.29%$4M27.0K
12AVGOBROADCOM INC COMhistory →Stock1.99%$3M3.0K
13NVSNNOVARTIS AG SPONSORED ADRhistory →ADR1.74%$3M29.4K
14LABORATORY CORP AMER HLDGS COM NEWStock1.74%$3M13.1K
15RYROYAL BK CDA COMhistory →Stock1.55%$3M26.2K
16CHDCHURCH & DWIGHT CO INC COMhistory →Stock1.55%$3M27.9K
17ASML HOLDING N V N Y REGISTRY SHSADR1.44%$2M3.2K
18PEPPEPSICO INC COMhistory →Stock1.44%$2M14.4K
19WMTWALMART INC COMhistory →Stock1.41%$2M15.2K
20SJMJM SMUCKER COhistory →Stock1.37%$2M18.4K
21INTUINTUIT COMhistory →Stock1.36%$2M3.7K
22JNJJOHNSON & JOHNSON COMhistory →Stock1.32%$2M14.4K
23HONGBPHONEYWELL INTL INC COMhistory →Stock1.31%$2M10.7K
24TMOTHERMO FISHER SCIENTIFIC INC COMhistory →Stock1.15%$2M3.7K
25ADBEADOBE INC COMhistory →Stock1.15%$2M3.3K
264I1PHILIP MORRIS INTL INC COMhistory →Stock1.11%$2M20.2K
27REGNREGENERON PHARMACEUTICALS INChistory →Stock1.06%$2M2.1K
28ANETEURARISTA NETWORKS INC COMhistory →Stock1.01%$2M7.3K
29UNPUNION PAC CORP COMStock0.99%$2M6.9K
30DHRDANAHER CORPORATION COMStock0.84%$1M6.2K
31NVONOVO NORDISK A/S ADRADR0.84%$1M13.8K
32SHOPSHOPIFY INC CL AStock0.80%$1M17.5K
33CRWDCROWDSTRIKE HLDGS INC CL AStock0.79%$1M5.3K
34PSXPHILLIPS 66 COMStock0.79%$1M10.1K
35MRKMERCK & CO INC COMStock0.78%$1M12.3K
36LLYELI LILLY & CO COMStock0.72%$1M2.1K
37NEOGNEOGEN CORP COMStock0.72%$1M61.0K
38AMDADVANCED MICRO DEVICES INC COMStock0.72%$1M8.3K
39GQ9SPDR GOLD SHARESETF0.69%$1M6.2K
40BHP GROUP LTD SPONSORED ADSADR0.68%$1M17.1K
41LMTLOCKHEED MARTIN CORP COMStock0.68%$1M2.6K
42NTRNUTRIEN LTD COMStock0.64%$1M19.3K
43NOWSERVICENOW INCStock0.63%$1M1.5K
44ILMNILLUMINA INC COMStock0.62%$1M7.6K
45IBMINTERNATIONAL BUSINESS MACHINES COMStock0.59%$1M6.2K
46WRBBERKLEY W R CORP COMStock0.58%$981,24013.9K
47ALBALBEMARLE CORP COMStock0.57%$964,1596.7K
48FITBFIFTH THIRD BANCORP COMStock0.56%$962,82327.9K
49AMGNAMGEN INC COMStock0.52%$887,3903.1K
50NFLXNETFLIX INC COMStock0.50%$850,0921.7K
51EXMOCEXXON MOBIL CORP COMStock0.48%$813,2928.1K
52BABOEING CO COMStock0.47%$804,3973.1K
53WOLF*WOLFSPEED INC COMStock0.47%$800,58418.4K
54AMTAMERICAN TOWER CORP NEW COMREIT0.46%$790,9843.7K
55ABBVABBVIE INC COMStock0.44%$757,9874.9K
56VANGUARD TOTAL STOCK MARKET ETFETF0.44%$756,1683.2K
57PANWPALO ALTO NETWORKS INC COMStock0.44%$753,1242.6K
58VVISA INC COM CL AStock0.43%$740,6962.8K
59GNRCGENERAC HLDGS INC COMStock0.41%$705,3925.5K
60NVDANVIDIA CORPORATION COMStock0.41%$694,7941.4K
61DEDEERE & CO COMStock0.40%$681,0381.7K
62CSXCSX CORP COMStock0.39%$669,65119.3K
63ISHARES RUSSELL 2000 ETFETF0.36%$607,5563.0K
64VRTXVERTEX PHARMACEUTICALS INC COMStock0.33%$568,0181.4K
65LHXL3HARRIS TECHNOLOGIES INC COMStock0.32%$539,1872.6K
66PAYXPAYCHEX INC COMStock0.31%$531,8264.5K
67CATCATERPILLAR INC COMStock0.29%$487,7571.6K
68NSCNORFOLK SOUTHN CORP COMStock0.28%$477,9602.0K
69BXBLACKSTONE INC COMStock0.28%$476,0253.6K
70AESAES CORP COMStock0.28%$470,59724.4K
71USBUS BANCORP DEL COM NEWStock0.26%$451,06110.4K
72FTREFORTREA HLDGS INC COMMON STOCKStock0.26%$451,01312.9K
73PXDEURPIONEER NATURAL RESOURCES COStock0.26%$443,0142.0K
74PFEPFIZER INC COMStock0.25%$432,92815.0K
75XYZBLOCK INC CL AStock0.25%$418,2315.4K
76SBRSABINE RTY TR UNIT BEN INTStock0.23%$394,7945.8K
77INVESCO S&P 500 EQUAL WEIGHT ETFETF0.22%$381,5602.4K
78CVSCVS HEALTH CORP COMStock0.21%$365,5814.6K
79ALSALLSTATE CORP COMStock0.21%$363,3372.6K
80ISHARES 1-3 YEAR TREASURY BOND ETFETF0.20%$346,6194.2K
81MCDMCDONALDS CORP COMStock0.20%$339,1431.1K
82FISVFISERV INC COMStock0.19%$327,4512.5K
83GXOGXO LOGISTICS INCORPORATED COMMON STOCKStock0.19%$327,0235.3K
84PGPROCTER AND GAMBLE CO COMStock0.19%$320,3362.2K
85BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEWStock0.19%$318,497893
86CMCSACOMCAST CORP NEW CL AStock0.18%$313,3527.1K
87VANGUARD MID-CAP ETFETF0.18%$309,6441.3K
88BNYBANK NEW YORK MELLON CORP COMStock0.18%$304,1685.8K
89VANGUARD FINANCIALS ETFETF0.17%$294,4943.2K
90BACBANK AMERICA CORP COMStock0.16%$272,7278.1K
91VUGVANGUARD GROWTH ETFETF0.16%$272,337876
92AXPAMERICAN EXPRESS CO COMStock0.16%$267,8961.4K
93STTSTATE STREET CORPORATIONStock0.15%$264,2943.4K
94NEENEXTERA ENERGY INC COMStock0.15%$260,0594.3K
95RG6ROGERS CORP COMStock0.15%$255,2911.9K
96ITWILLINOIS TOOL WKS INC COMStock0.14%$246,224940
97ISHARES RUSSELL MIDCAP ETFETF0.14%$240,8323.1K
98CSCOCISCO SYS INC COMStock0.14%$239,9704.8K
99IFFINTERNATIONAL FLAVORS & FRAGRANCES INCStock0.14%$238,5382.9K
100MMM3M CO COMStock0.14%$233,0292.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$180M119May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$190M115Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$195M120Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$177M110Aug 15, 202513F-HRchanges · EDGAR ↗
Q1 2025$158M109May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$170M110Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$168M111Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$167M111Aug 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$169M116May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$171M530Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$153M110Nov 15, 202313F-HRchanges · EDGAR ↗
Q2 2023$363M563Aug 15, 202313F-HRchanges · EDGAR ↗
Q1 2023$284M143May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$151M120Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$142M119Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$170M517Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$199M126May 12, 2022RESTATEMENTchanges · EDGAR ↗
Q4 2021$209M130Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$308M181Nov 8, 202113F-HRchanges · EDGAR ↗
Q2 2021$368M153Aug 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$350M163May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$343M152Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$313M145Nov 18, 202013F-HRchanges · EDGAR ↗
Q2 2020$280M143Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$241M130May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$272M145Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$289M157Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$294M149Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$301M148May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$291M147Feb 11, 201913F-HRchanges · EDGAR ↗

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 ↗.