# Employers Holdings, Inc.

> Institutional holdings reported to the SEC as of Q1 2021 on Form 13F. CIK 1379041. Source: https://holderbook.com/funds/1379041-employers-holdings-inc/

- Reported value: $169.7M
- Positions: 144
- Weight of the ten largest: 34.0%
- Filed: 2021-04-30

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/) | $12.7M | 103,868 | 7.5% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.3M | 43,865 | 6.1% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.8M | 44,794 | 4.0% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.6M | 2,128 | 3.9% | 8 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $4.7M | 12,560 | 2.8% | 8 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.8M | 22,939 | 2.2% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.3M | 1,597 | 1.9% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.3M | 1,587 | 1.9% | 8 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $3.3M | 14,750 | 1.9% | 8 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $3.0M | 13,395 | 1.8% | 8 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.4M | 60,750 | 1.4% | 8 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.3M | 75,955 | 1.4% | 8 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.3M | 16,643 | 1.3% | 8 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.2M | 11,615 | 1.3% | 8 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.1M | 15,967 | 1.2% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.1M | 32,341 | 1.2% | 8 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $2.1M | 9,500 | 1.2% | 8 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.0M | 14,401 | 1.2% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.9M | 7,560 | 1.1% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.9M | 6,545 | 1.1% | 8 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.9M | 10,440 | 1.1% | 8 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.9M | 14,255 | 1.1% | 8 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.9M | 7,725 | 1.1% | 8 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.9M | 17,745 | 1.1% | 8 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.8M | 7,330 | 1.1% | 8 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.7M | 4,635 | 1.0% | 8 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $1.7M | 30,087 | 1.0% | 8 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.7M | 15,605 | 1.0% | 8 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.6M | 11,501 | 1.0% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.6M | 30,973 | 0.9% | 8 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.6M | 20,758 | 0.9% | 8 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.5M | 7,842 | 0.9% | 8 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.5M | 5,263 | 0.9% | 8 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.5M | 25,337 | 0.9% | 8 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $1.4M | 3,965 | 0.8% | 8 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.4M | 12,755 | 0.8% | 8 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.4M | 38,069 | 0.8% | 8 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.4M | 14,005 | 0.8% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.3M | 3,820 | 0.8% | 8 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.3M | 9,955 | 0.8% | 8 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $1.3M | 8,600 | 0.8% | 8 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.2M | 2,310 | 0.7% | 8 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $1.2M | 17,020 | 0.7% | 8 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.2M | 21,815 | 0.7% | 8 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $1.2M | 7,678 | 0.7% | 8 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.1M | 2,480 | 0.7% | 3 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.1M | 17,890 | 0.7% | 8 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $1.1M | 14,280 | 0.6% | 8 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $1.0M | 3,605 | 0.6% | 8 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.0M | 4,735 | 0.6% | 8 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $991.0K | 10,105 | 0.6% | 8 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $950.0K | 10,700 | 0.6% | 8 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $942.0K | 4,995 | 0.6% | 8 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $902.0K | 11,995 | 0.5% | 8 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $896.0K | 13,865 | 0.5% | 7 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $860.0K | 4,902 | 0.5% | 8 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $854.0K | 1,870 | 0.5% | 8 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $848.0K | 16,571 | 0.5% | 8 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $827.0K | 15,621 | 0.5% | 8 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $819.0K | 11,667 | 0.5% | 8 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $806.0K | 3,466 | 0.5% | 8 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $804.0K | 10,838 | 0.5% | 4 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $803.0K | 6,795 | 0.5% | 7 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $800.0K | 570 | 0.5% | 8 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $785.0K | 3,080 | 0.5% | 8 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $785.0K | 27,230 | 0.5% | 8 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $784.0K | 14,880 | 0.5% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $771.0K | 2 | 0.5% | 8 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $768.0K | 7,095 | 0.5% | 8 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $766.0K | 2,000 | 0.5% | 8 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $762.0K | 11,410 | 0.4% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $752.0K | 3,355 | 0.4% | 8 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $731.0K | 18,270 | 0.4% | 7 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $723.0K | 11,635 | 0.4% | 7 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $690.0K | 9,120 | 0.4% | 8 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $677.0K | 5,900 | 0.4% | 8 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $668.0K | 1,405 | 0.4% | 4 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $665.0K | 900 | 0.4% | 8 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $648.0K | 1,755 | 0.4% | 8 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $645.0K | 4,085 | 0.4% | 7 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $643.0K | 13,589 | 0.4% | 8 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $642.0K | 2,295 | 0.4% | 8 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $637.0K | 7,811 | 0.4% | 8 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $634.0K | 1,960 | 0.4% | 8 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $625.0K | 12,220 | 0.4% | 8 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $625.0K | 2,615 | 0.4% | 8 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $600.0K | 1,700 | 0.4% | 8 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $582.0K | 8,800 | 0.3% | 8 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $564.0K | 10,200 | 0.3% | 8 |
| WHIRLPOOL CORP | [WHR](https://holderbook.com/stocks/WHR/) | $562.0K | 2,550 | 0.3% | 8 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $561.0K | 4,132 | 0.3% | 8 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $503.0K | 1,595 | 0.3% | 8 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $493.0K | 4,110 | 0.3% | 8 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $491.0K | 8,010 | 0.3% | 8 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $476.0K | 5,395 | 0.3% | 8 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $474.0K | 7,800 | 0.3% | 8 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $473.0K | 7,715 | 0.3% | 8 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $464.0K | 9,235 | 0.3% | 7 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $463.0K | 7,919 | 0.3% | 8 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $460.0K | 1,848 | 0.3% | 8 |

## 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 2021 | +5.3% | +6.0% | -0.7% | 100% |
| Q4 2020 | +10.7% | +11.6% | -0.9% | 100% |
| Q3 2020 | +9.1% | +8.6% | +0.5% | 100% |
| Q2 2020 | +17.6% | +19.6% | -2.0% | 100% |
| Q1 2020 | -22.3% | -19.9% | -2.4% | 100% |
| Q4 2019 | +8.4% | +8.5% | -0.0% | 100% |
| Q3 2019 | +1.4% | +1.3% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2021 | $169.7M | 144 |
| Q4 2020 | $165.9M | 146 |
| Q3 2020 | $148.2M | 140 |
| Q2 2020 | $177.0M | 160 |
| Q1 2020 | $144.4M | 161 |
| Q4 2019 | $190.8M | 174 |
| Q3 2019 | $194.4M | 176 |
| Q2 2019 | $179.2M | 185 |