# BOSTON ADVISORS LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1062842. Source: https://holderbook.com/funds/1062842-boston-advisors-llc/

- Reported value: $1.9B
- Positions: 597
- Weight of the ten largest: 16.5%
- Filed: 2019-11-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $54.4M | 243,106 | 2.8% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $52.5M | 377,277 | 2.7% | 4 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $34.7M | 217,518 | 1.8% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $29.0M | 16,725 | 1.5% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $28.3M | 95,222 | 1.5% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $25.1M | 212,889 | 1.3% | 4 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $23.7M | 102,394 | 1.2% | 4 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $22.9M | 455,235 | 1.2% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $22.6M | 126,717 | 1.2% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $22.0M | 753,768 | 1.1% | 4 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $21.8M | 80,263 | 1.1% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $20.7M | 515,380 | 1.1% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $19.5M | 113,497 | 1.0% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $17.5M | 340,232 | 0.9% | 4 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $17.3M | 260,201 | 0.9% | 4 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $16.7M | 79,883 | 0.9% | 1 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $16.3M | 397,215 | 0.9% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $15.1M | 12,366 | 0.8% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $14.5M | 240,129 | 0.8% | 4 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $14.3M | 251,519 | 0.7% | 4 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $14.0M | 173,392 | 0.7% | 4 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $13.6M | 154,062 | 0.7% | 4 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $13.3M | 49,796 | 0.7% | 4 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $13.0M | 111,049 | 0.7% | 4 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $13.0M | 104,008 | 0.7% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $12.7M | 107,386 | 0.7% | 4 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $12.4M | 145,930 | 0.6% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $11.5M | 71,010 | 0.6% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $11.3M | 228,829 | 0.6% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $11.1M | 93,705 | 0.6% | 4 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $11.1M | 79,826 | 0.6% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $10.6M | 77,601 | 0.6% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $10.5M | 211,374 | 0.6% | 4 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $10.5M | 117,471 | 0.5% | 4 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $10.4M | 171,260 | 0.5% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $10.2M | 35,455 | 0.5% | 4 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $10.2M | 121,488 | 0.5% | 4 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $10.2M | 268,369 | 0.5% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $10.1M | 66,490 | 0.5% | 4 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $10.0M | 217,081 | 0.5% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $9.6M | 76,988 | 0.5% | 4 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $9.5M | 101,036 | 0.5% | 4 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $9.4M | 198,404 | 0.5% | 4 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $9.3M | 63,401 | 0.5% | 4 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $9.2M | 34,544 | 0.5% | 4 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $8.9M | 59,805 | 0.5% | 4 |
| INVESCO EXCH TRADED FD TR II | [IDLV](https://holderbook.com/stocks/IDLV/) | $8.9M | 259,541 | 0.5% | 1 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $8.8M | 76,610 | 0.5% | 4 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $8.7M | 229,133 | 0.5% | 3 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $8.6M | 114,280 | 0.4% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $8.5M | 76,431 | 0.4% | 4 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $8.4M | 224,819 | 0.4% | 4 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $8.3M | 325,133 | 0.4% | 1 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $8.2M | 166,300 | 0.4% | 4 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $8.1M | 127,118 | 0.4% | 4 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $8.1M | 99,471 | 0.4% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $8.1M | 114,517 | 0.4% | 4 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $8.1M | 227,835 | 0.4% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $7.9M | 144,782 | 0.4% | 4 |
| BOOZ ALLEN HAMILTON HLDG COR | [BAH](https://holderbook.com/stocks/BAH/) | $7.7M | 108,314 | 0.4% | 4 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $7.7M | 55,981 | 0.4% | 3 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $7.6M | 137,948 | 0.4% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $7.3M | 31,603 | 0.4% | 4 |
| NEXSTAR MEDIA GROUP INC | [NXST](https://holderbook.com/stocks/NXST/) | $7.3M | 70,876 | 0.4% | 4 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $7.2M | 40,159 | 0.4% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $7.2M | 34,381 | 0.4% | 4 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $7.1M | 64,824 | 0.4% | 4 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $7.0M | 25,832 | 0.4% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $7.0M | 54,205 | 0.4% | 4 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $7.0M | 126,691 | 0.4% | 4 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $7.0M | 154,260 | 0.4% | 4 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $6.9M | 63,664 | 0.4% | 4 |
| FIRSTENERGY CORP | [FE](https://holderbook.com/stocks/FE/) | $6.9M | 143,915 | 0.4% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $6.8M | 123,406 | 0.4% | 4 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $6.6M | 71,948 | 0.3% | 4 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $6.5M | 60,254 | 0.3% | 4 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $6.5M | 134,475 | 0.3% | 4 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $6.5M | 73,779 | 0.3% | 4 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $6.4M | 29,654 | 0.3% | 4 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $6.4M | 33,036 | 0.3% | 4 |
| HILL ROM HLDGS INC | [HRC](https://holderbook.com/stocks/HRC/) | $6.4M | 60,411 | 0.3% | 4 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $6.3M | 44,263 | 0.3% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $6.2M | 74,224 | 0.3% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $6.2M | 82,489 | 0.3% | 4 |
| SYNEOS HEALTH INC | [SYNH](https://holderbook.com/stocks/SYNH/) | $6.2M | 117,336 | 0.3% | 2 |
| AMEDISYS INC | [AMED](https://holderbook.com/stocks/AMED/) | $6.2M | 47,529 | 0.3% | 4 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $6.2M | 72,742 | 0.3% | 4 |
| ENCOMPASS HEALTH CORP | [EHC](https://holderbook.com/stocks/EHC/) | $6.1M | 96,774 | 0.3% | 4 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $6.0M | 81,871 | 0.3% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.0M | 27,579 | 0.3% | 4 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $5.9M | 14,400 | 0.3% | 4 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $5.9M | 30,485 | 0.3% | 4 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $5.8M | 69,845 | 0.3% | 4 |
| MGM GROWTH PPTYS LLC | [MGP](https://holderbook.com/stocks/MGP/) | $5.7M | 190,948 | 0.3% | 4 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $5.7M | 43,010 | 0.3% | 4 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $5.7M | 54,950 | 0.3% | 3 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $5.6M | 29,026 | 0.3% | 4 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $5.6M | 90,374 | 0.3% | 4 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $5.6M | 37,747 | 0.3% | 4 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $5.5M | 28,577 | 0.3% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2019 | +0.5% | +1.3% | -0.8% | 98% |
| Q2 2019 | +3.3% | +3.7% | -0.4% | 99% |
| Q1 2019 | +12.5% | +13.0% | -0.5% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $1.9B | 597 |
| Q2 2019 | $1.9B | 632 |
| Q1 2019 | $2.0B | 630 |
| Q4 2018 | $1.7B | 624 |