# Santa Barbara Asset Management, LLC

> Institutional holdings reported to the SEC as of Q1 2019 on Form 13F. CIK 1109426. Source: https://holderbook.com/funds/1109426-santa-barbara-asset-management-llc/

- Reported value: $6.4B
- Positions: 53
- Weight of the ten largest: 34.6%
- Filed: 2019-05-14

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $309.0M | 2,619,804 | 4.8% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $234.0M | 946,540 | 3.6% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $232.9M | 1,204,808 | 3.6% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $232.4M | 2,123,150 | 3.6% | 2 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $217.1M | 1,919,462 | 3.4% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $213.9M | 2,112,810 | 3.3% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $207.8M | 1,180,441 | 3.2% | 2 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $202.0M | 5,052,007 | 3.1% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $187.9M | 1,123,737 | 2.9% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $184.3M | 3,412,788 | 2.9% | 2 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $181.7M | 1,909,210 | 2.8% | 2 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $178.5M | 1,796,479 | 2.8% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $176.1M | 1,436,853 | 2.7% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $171.1M | 1,613,285 | 2.7% | 2 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $168.4M | 561,176 | 2.6% | 2 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $167.5M | 1,894,576 | 2.6% | 2 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $161.8M | 2,046,512 | 2.5% | 2 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $161.5M | 1,773,095 | 2.5% | 2 |
| ALLERGAN PLC | [AGN](https://holderbook.com/stocks/AGN/) | $156.8M | 1,070,728 | 2.4% | 2 |
| INGERSOLL-RAND PLC | [IRXXXX](https://holderbook.com/stocks/IRXXXX/) | $155.0M | 1,436,059 | 2.4% | 2 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $152.9M | 928,841 | 2.4% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $149.9M | 4,780,470 | 2.3% | 2 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $149.7M | 942,182 | 2.3% | 2 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $146.8M | 2,940,628 | 2.3% | 2 |
| CYRUSONE INC | [CONE](https://holderbook.com/stocks/CONE/) | $145.9M | 2,782,762 | 2.3% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $145.5M | 1,181,385 | 2.3% | 2 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $144.1M | 819,213 | 2.2% | 2 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $143.8M | 3,299,982 | 2.2% | 2 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $143.4M | 1,168,933 | 2.2% | 1 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $141.5M | 1,923,769 | 2.2% | 2 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $134.7M | 961,928 | 2.1% | 2 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $134.3M | 1,430,256 | 2.1% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $130.3M | 932,087 | 2.0% | 2 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $130.2M | 304,554 | 2.0% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $126.0M | 1,134,544 | 2.0% | 2 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $123.7M | 1,805,078 | 1.9% | 2 |
| CARNIVAL CORP | [CCL](https://holderbook.com/stocks/CCL/) | $115.6M | 2,278,278 | 1.8% | 2 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $107.3M | 1,988,913 | 1.7% | 2 |
| WHIRLPOOL CORP | [WHR](https://holderbook.com/stocks/WHR/) | $23.0M | 173,369 | 0.4% | 2 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $6.2M | 54,073 | 0.1% | 2 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $6.1M | 111,900 | 0.1% | 2 |
| LLOYDS BANKING GROUP PLC | [LYG](https://holderbook.com/stocks/LYG/) | $4.1M | 1,272,857 | 0.1% | 2 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $3.9M | 87,352 | 0.1% | 2 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $3.9M | 106,601 | 0.1% | 2 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $3.5M | 60,614 | 0.1% | 2 |
| ORIX CORP | [IX](https://holderbook.com/stocks/IX/) | $3.5M | 48,569 | 0.1% | 2 |
| VODAFONE GROUP PLC | [VOD](https://holderbook.com/stocks/VOD/) | $2.2M | 122,587 | 0.0% | 2 |
| GRIFOLS S A | [GRFS](https://holderbook.com/stocks/GRFS/) | $1.9M | 96,929 | 0.0% | 2 |
| WPP PLC NEW | [WPP](https://holderbook.com/stocks/WPP/) | $1.7M | 32,001 | 0.0% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.2M | 4,305 | 0.0% | 2 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $466.0K | 2,961 | 0.0% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $364.0K | 8,577 | 0.0% | 2 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $288.0K | 2,217 | 0.0% | 1 |

## 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 |
|---|---|---|---|---|
| Q1 2019 | +11.8% | +13.0% | -1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2019 | $6.4B | 53 |
| Q4 2018 | $6.2B | 56 |