# Aperio Group, LLC

> Institutional holdings reported to the SEC as of Q4 2020 on Form 13F. CIK 1364615. Source: https://holderbook.com/funds/1364615-aperio-group-llc/

- Reported value: $33.8B
- Positions: 2,430
- Weight of the ten largest: 21.8%
- Filed: 2021-02-05

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/) | $2.0B | 15,027,461 | 5.9% | 20 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4B | 6,514,923 | 4.3% | 20 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.1B | 337,540 | 3.3% | 20 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $609.1M | 347,511 | 1.8% | 20 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $497.0M | 1,819,340 | 1.5% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $375.1M | 2,383,648 | 1.1% | 20 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $356.9M | 1,631,899 | 1.1% | 20 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $338.9M | 3,108,187 | 1.0% | 20 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $326.4M | 462,507 | 1.0% | 20 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $306.3M | 873,394 | 0.9% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $292.7M | 2,303,565 | 0.9% | 20 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $280.4M | 2,014,900 | 0.8% | 20 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $279.0M | 1,050,401 | 0.8% | 20 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $274.6M | 525,942 | 0.8% | 20 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $266.3M | 746,085 | 0.8% | 20 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $266.0M | 1,845,088 | 0.8% | 20 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $265.0M | 151,274 | 0.8% | 20 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $241.9M | 1,335,157 | 0.7% | 20 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $236.1M | 1,018,134 | 0.7% | 20 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $235.5M | 470,860 | 0.7% | 20 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $219.5M | 937,324 | 0.6% | 20 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $218.3M | 835,878 | 0.6% | 20 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $214.4M | 3,649,522 | 0.6% | 20 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $212.8M | 456,946 | 0.6% | 20 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $195.0M | 2,527,635 | 0.6% | 20 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $192.3M | 3,669,326 | 0.6% | 20 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $188.4M | 3,782,039 | 0.6% | 20 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $186.9M | 2,284,334 | 0.6% | 20 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $183.5M | 1,237,308 | 0.5% | 20 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $178.7M | 1,263,427 | 0.5% | 20 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $170.0M | 314,316 | 0.5% | 20 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $168.4M | 1,026,167 | 0.5% | 20 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $168.0M | 1,534,563 | 0.5% | 20 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $162.8M | 5,371,065 | 0.5% | 20 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $159.1M | 422,391 | 0.5% | 20 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $159.1M | 716,070 | 0.5% | 20 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $159.0M | 3,552,224 | 0.5% | 20 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $150.8M | 1,407,649 | 0.4% | 20 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $146.8M | 630,929 | 0.4% | 20 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $144.2M | 3,916,862 | 0.4% | 20 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $138.0M | 643,322 | 0.4% | 20 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $132.0M | 593,314 | 0.4% | 20 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $130.6M | 613,778 | 0.4% | 20 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $126.2M | 1,950,927 | 0.4% | 20 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $126.0M | 746,049 | 0.4% | 20 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $125.9M | 547,545 | 0.4% | 20 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $125.0M | 708,087 | 0.4% | 20 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $125.0M | 820,439 | 0.4% | 20 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $121.7M | 2,219,692 | 0.4% | 20 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $119.1M | 571,910 | 0.4% | 20 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $116.8M | 1,672,103 | 0.3% | 20 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $111.8M | 1,183,853 | 0.3% | 20 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $109.4M | 249,758 | 0.3% | 11 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $109.3M | 1,021,830 | 0.3% | 20 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $107.3M | 219,960 | 0.3% | 20 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $103.3M | 1,664,612 | 0.3% | 20 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $99.1M | 260,793 | 0.3% | 20 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $92.5M | 915,176 | 0.3% | 20 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $92.1M | 574,084 | 0.3% | 20 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $90.5M | 585,550 | 0.3% | 20 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $88.7M | 757,491 | 0.3% | 20 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $88.5M | 3,077,430 | 0.3% | 20 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $86.2M | 1,262,115 | 0.3% | 20 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $84.8M | 264,173 | 0.3% | 20 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $84.5M | 988,130 | 0.3% | 20 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $82.9M | 125,308 | 0.2% | 19 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $82.7M | 114,590 | 0.2% | 20 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $82.2M | 250,132 | 0.2% | 19 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $82.0M | 1,196,211 | 0.2% | 20 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $80.7M | 457,728 | 0.2% | 20 |
| CHUNGHWA TELECOM CO LTD | [CHT](https://holderbook.com/stocks/CHT/) | $79.8M | 2,066,324 | 0.2% | 20 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $75.8M | 1,296,241 | 0.2% | 20 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $74.5M | 331,967 | 0.2% | 20 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $74.0M | 1,082,723 | 0.2% | 20 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $71.5M | 466,209 | 0.2% | 20 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $71.1M | 129,156 | 0.2% | 20 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $68.9M | 691,650 | 0.2% | 20 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $68.0M | 389,071 | 0.2% | 20 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $67.9M | 1,359,053 | 0.2% | 20 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $67.9M | 410,304 | 0.2% | 20 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $67.4M | 320,565 | 0.2% | 20 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $66.9M | 608,826 | 0.2% | 20 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $66.4M | 724,285 | 0.2% | 20 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $66.4M | 394,432 | 0.2% | 20 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $66.3M | 251,435 | 0.2% | 9 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $66.2M | 324,627 | 0.2% | 20 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $66.1M | 80,768 | 0.2% | 20 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $65.4M | 1,091,369 | 0.2% | 20 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $65.3M | 540,403 | 0.2% | 20 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $64.3M | 983,442 | 0.2% | 20 |
| UNITED MICROELECTRONICS CORP | [UMC](https://holderbook.com/stocks/UMC/) | $63.8M | 7,564,315 | 0.2% | 20 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $63.5M | 1,029,955 | 0.2% | 20 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $61.9M | 272,462 | 0.2% | 20 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $61.9M | 339,922 | 0.2% | 20 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $61.3M | 172,611 | 0.2% | 20 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $61.0M | 810,715 | 0.2% | 20 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $60.8M | 242,930 | 0.2% | 20 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $60.6M | 283,001 | 0.2% | 20 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $60.5M | 229,289 | 0.2% | 20 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $60.3M | 197,557 | 0.2% | 20 |

## 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 |
|---|---|---|---|---|
| Q4 2020 | +13.0% | +11.6% | +1.4% | 100% |
| Q3 2020 | +8.3% | +8.6% | -0.3% | 100% |
| Q2 2020 | +19.6% | +19.6% | -0.0% | 100% |
| Q1 2020 | -21.3% | -19.9% | -1.4% | 100% |
| Q4 2019 | +8.0% | +8.5% | -0.5% | 100% |
| Q3 2019 | +0.7% | +1.3% | -0.6% | 100% |
| Q2 2019 | +3.0% | +3.7% | -0.8% | 100% |
| Q1 2019 | +12.0% | +13.0% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2020 | $33.8B | 2,430 |
| Q3 2020 | $29.6B | 2,378 |
| Q2 2020 | $27.1B | 2,335 |
| Q1 2020 | $22.6B | 2,333 |
| Q4 2019 | $27.8B | 2,324 |
| Q3 2019 | $25.3B | 2,305 |
| Q2 2019 | $24.5B | 3,019 |
| Q1 2019 | $23.2B | 2,284 |
| Q4 2018 | $19.8B | 2,288 |
| Q3 2018 | $22.7B | 2,287 |
| Q2 2018 | $20.9B | 2,255 |
| Q1 2018 | $20.1B | 2,246 |