# Azimuth Capital Management LLC

> Institutional holdings reported to the SEC as of Q1 2022 on Form 13F. CIK 1352512. Source: https://holderbook.com/funds/1352512-azimuth-capital-management-llc/

- Reported value: $2.3B
- Positions: 318
- Weight of the ten largest: 16.6%
- Filed: 2022-05-13

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/) | $73.0M | 418,224 | 3.1% | 14 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $63.6M | 206,397 | 2.7% | 14 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $33.7M | 201,292 | 1.4% | 14 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $33.4M | 122,505 | 1.4% | 13 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $33.2M | 804,611 | 1.4% | 14 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $32.2M | 11,594 | 1.4% | 14 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $31.9M | 386,574 | 1.4% | 14 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $29.3M | 165,372 | 1.3% | 14 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $29.2M | 144,803 | 1.3% | 3 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $28.8M | 134,868 | 1.2% | 14 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $28.5M | 55,964 | 1.2% | 14 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $28.0M | 540,394 | 1.2% | 14 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $27.9M | 125,860 | 1.2% | 14 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $27.3M | 43,786 | 1.2% | 14 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $26.9M | 98,286 | 1.1% | 14 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $25.9M | 53,317 | 1.1% | 9 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $25.5M | 251,637 | 1.1% | 14 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $24.4M | 101,266 | 1.0% | 5 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $24.3M | 43,559 | 1.0% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $24.0M | 41,754 | 1.0% | 14 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $23.1M | 7,075 | 1.0% | 14 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $22.4M | 137,470 | 1.0% | 14 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $21.6M | 286,829 | 0.9% | 14 |
| SIGNATURE BANK | [SBNY](https://holderbook.com/stocks/SBNY/) | $21.5M | 73,245 | 0.9% | 14 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $21.4M | 88,703 | 0.9% | 14 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $21.2M | 163,091 | 0.9% | 14 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $20.5M | 150,160 | 0.9% | 14 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $19.8M | 31,386 | 0.8% | 14 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $19.7M | 58,271 | 0.8% | 14 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $19.3M | 129,867 | 0.8% | 14 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $19.2M | 387,740 | 0.8% | 14 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $19.0M | 382,325 | 0.8% | 1 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $18.5M | 33,769 | 0.8% | 13 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $17.9M | 62,637 | 0.8% | 14 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $17.9M | 48,952 | 0.8% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $17.7M | 109,361 | 0.8% | 14 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $17.6M | 132,953 | 0.8% | 14 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $17.1M | 22,311 | 0.7% | 14 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $17.0M | 143,907 | 0.7% | 14 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $16.9M | 89,706 | 0.7% | 14 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $16.5M | 97,050 | 0.7% | 14 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $16.0M | 66,094 | 0.7% | 14 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $15.9M | 118,382 | 0.7% | 14 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $15.9M | 66,399 | 0.7% | 7 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $15.9M | 267,593 | 0.7% | 14 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $15.5M | 56,939 | 0.7% | 14 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $15.3M | 39,819 | 0.7% | 2 |
| ISHARES TR | [IBMO](https://holderbook.com/stocks/IBMO/) | $15.2M | 594,300 | 0.6% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $15.1M | 110,020 | 0.6% | 14 |
| DBS Group Holdings Ltd ADR | [DBSDY](https://holderbook.com/stocks/DBSDY/) | $15.0M | 141,900 | 0.6% | 14 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $15.0M | 182,988 | 0.6% | 14 |
| PENUMBRA INC | [PEN](https://holderbook.com/stocks/PEN/) | $15.0M | 67,323 | 0.6% | 13 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $14.9M | 49,793 | 0.6% | 14 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $14.6M | 68,975 | 0.6% | 14 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $14.6M | 54,616 | 0.6% | 14 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $14.4M | 208,375 | 0.6% | 2 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $13.9M | 179,212 | 0.6% | 14 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $13.8M | 102,790 | 0.6% | 14 |
| WNS HLDGS LTD | [WNSXXXX](https://holderbook.com/stocks/WNSXXXX/) | $13.6M | 159,503 | 0.6% | 14 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $13.3M | 65,687 | 0.6% | 14 |
| FIRST REP BK SAN FRANCISCO C | [FRCB](https://holderbook.com/stocks/FRCB/) | $13.3M | 81,801 | 0.6% | 5 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $13.2M | 86,387 | 0.6% | 14 |
| EPAM SYS INC | [EPAM](https://holderbook.com/stocks/EPAM/) | $13.1M | 44,134 | 0.6% | 14 |
| Capgemini SE | [CGEMY](https://holderbook.com/stocks/CGEMY/) | $12.9M | 285,720 | 0.6% | 14 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $12.6M | 128,060 | 0.5% | 14 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $12.3M | 118,075 | 0.5% | 14 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $12.2M | 273,105 | 0.5% | 14 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $12.1M | 190,604 | 0.5% | 12 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $12.0M | 102,107 | 0.5% | 14 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $12.0M | 235,407 | 0.5% | 14 |
| ZENDESK INC | [ZEN](https://holderbook.com/stocks/ZEN/) | $11.3M | 94,064 | 0.5% | 10 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $11.3M | 202,555 | 0.5% | 14 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $11.2M | 37,048 | 0.5% | 14 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $10.9M | 56,834 | 0.5% | 14 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $10.7M | 33,515 | 0.5% | 6 |
| WEST PHARMACEUTICAL SVSC INC | [WST](https://holderbook.com/stocks/WST/) | $10.5M | 25,497 | 0.4% | 14 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $10.4M | 142,877 | 0.4% | 14 |
| GRUPO AEROPORTUARIO DEL CENT | [OMAB](https://holderbook.com/stocks/OMAB/) | $10.3M | 173,005 | 0.4% | 14 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $10.3M | 46,125 | 0.4% | 14 |
| EURONET WORLDWIDE INC | [EEFT](https://holderbook.com/stocks/EEFT/) | $10.2M | 78,697 | 0.4% | 14 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $10.1M | 44,520 | 0.4% | 14 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $10.1M | 244,198 | 0.4% | 14 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $10.0M | 264,568 | 0.4% | 14 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $9.8M | 39,807 | 0.4% | 14 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $9.8M | 40,411 | 0.4% | 6 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $9.8M | 123,684 | 0.4% | 14 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $9.3M | 148,132 | 0.4% | 14 |
| FLEETCOR TECHNOLOGIES INC | [FLT](https://holderbook.com/stocks/FLT/) | $9.2M | 37,017 | 0.4% | 14 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $9.2M | 101,304 | 0.4% | 14 |
| ABIOMED INC | [ABMD](https://holderbook.com/stocks/ABMD/) | $9.2M | 27,772 | 0.4% | 8 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $9.1M | 34,984 | 0.4% | 14 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $9.1M | 20,505 | 0.4% | 11 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $9.0M | 193,275 | 0.4% | 14 |
| ISHARES TR | [EUFN](https://holderbook.com/stocks/EUFN/) | $9.0M | 475,780 | 0.4% | 14 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $8.8M | 126,640 | 0.4% | 7 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $8.8M | 13,130 | 0.4% | 14 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $8.6M | 132,950 | 0.4% | 5 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $8.5M | 64,391 | 0.4% | 14 |
| Techtronic Industries Co Ltd | [TTNDY](https://holderbook.com/stocks/TTNDY/) | $8.5M | 107,050 | 0.4% | 14 |
| OMNICELL COM | [OMCL](https://holderbook.com/stocks/OMCL/) | $8.5M | 65,331 | 0.4% | 14 |

## 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 2022 | -0.9% | -4.9% | +4.0% | 101% |
| Q4 2021 | +12.3% | +10.7% | +1.6% | 98% |
| Q3 2021 | -0.3% | +0.3% | -0.5% | 98% |
| Q2 2021 | +7.4% | +8.0% | -0.6% | 98% |
| Q1 2021 | +4.1% | +6.0% | -1.9% | 99% |
| Q4 2020 | +12.9% | +11.6% | +1.3% | 100% |
| Q3 2020 | +8.4% | +8.6% | -0.2% | 100% |
| Q2 2020 | +20.0% | +19.6% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2022 | $2.3B | 318 |
| Q4 2021 | $2.5B | 320 |
| Q3 2021 | $2.3B | 322 |
| Q2 2021 | $2.3B | 323 |
| Q1 2021 | $2.1B | 312 |
| Q4 2020 | $2.0B | 300 |
| Q3 2020 | $1.7B | 270 |
| Q2 2020 | $1.6B | 269 |
| Q1 2020 | $1.3B | 257 |
| Q4 2019 | $1.6B | 274 |
| Q3 2019 | $1.5B | 274 |
| Q2 2019 | $1.5B | 275 |