# Daiwa SB Investments Ltd.

> Institutional holdings reported to the SEC as of Q1 2019 on Form 13F. CIK 1435346. Source: https://holderbook.com/funds/1435346-daiwa-sb-investments-ltd/

- Reported value: $505.5M
- Positions: 221
- Weight of the ten largest: 31.6%
- Filed: 2019-04-18

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 |
|---|---|---|---|---|---|
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $29.9M | 695,830 | 5.9% | 1 |
| AVANGRID INC | [AGR](https://holderbook.com/stocks/AGR/) | $17.4M | 346,547 | 3.5% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $15.7M | 81,170 | 3.1% | 2 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $14.4M | 143,517 | 2.9% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $14.4M | 102,960 | 2.8% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $14.2M | 120,240 | 2.8% | 2 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $13.9M | 175,473 | 2.7% | 2 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $13.6M | 258,309 | 2.7% | 2 |
| LAUREATE ED INC | [LAUR](https://holderbook.com/stocks/LAUR/) | $13.3M | 889,441 | 2.6% | 2 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $12.8M | 122,900 | 2.5% | 2 |
| BLACKBAUD INC | [BLKB](https://holderbook.com/stocks/BLKB/) | $12.3M | 154,788 | 2.4% | 2 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $11.9M | 322,462 | 2.4% | 2 |
| PATTERN ENERGY GROUP INC | [PEGI](https://holderbook.com/stocks/PEGI/) | $11.8M | 538,573 | 2.3% | 2 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $11.4M | 84,993 | 2.3% | 2 |
| NUANCE COMMUNICATIONS INC | [NUAN](https://holderbook.com/stocks/NUAN/) | $11.4M | 670,919 | 2.2% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $10.9M | 56,680 | 2.2% | 2 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $10.7M | 143,384 | 2.1% | 2 |
| ITRON INC | [ITRI](https://holderbook.com/stocks/ITRI/) | $10.5M | 225,477 | 2.1% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $10.1M | 99,940 | 2.0% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $10.1M | 95,200 | 2.0% | 2 |
| COVANTA HLDG CORP | [CVA](https://holderbook.com/stocks/CVA/) | $10.0M | 580,456 | 2.0% | 2 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $9.7M | 51,130 | 1.9% | 2 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $9.7M | 145,440 | 1.9% | 2 |
| INSTRUCTURE INC | [INST](https://holderbook.com/stocks/INST/) | $9.3M | 196,339 | 1.8% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $8.7M | 161,750 | 1.7% | 2 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $8.5M | 46,850 | 1.7% | 2 |
| RAYTHEON CO | [RTN](https://holderbook.com/stocks/RTN/) | $8.4M | 46,140 | 1.7% | 2 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $8.3M | 78,500 | 1.6% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $8.2M | 29,209 | 1.6% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $8.1M | 32,920 | 1.6% | 2 |
| PAGSEGURO DIGITAL LTD | [PAGS](https://holderbook.com/stocks/PAGS/) | $7.8M | 259,920 | 1.5% | 2 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $7.7M | 85,200 | 1.5% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $7.0M | 56,430 | 1.4% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $6.9M | 219,000 | 1.4% | 2 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $5.6M | 69,016 | 1.1% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $4.9M | 92,150 | 1.0% | 2 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $4.9M | 77,000 | 1.0% | 2 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $4.7M | 81,380 | 0.9% | 2 |
| ADVANCED DRAIN SYS INC DEL | [WMS](https://holderbook.com/stocks/WMS/) | $4.3M | 167,766 | 0.9% | 2 |
| RAPID7 INC | [RPD](https://holderbook.com/stocks/RPD/) | $3.8M | 75,805 | 0.8% | 2 |
| SPROUTS FMRS MKT INC | [SFM](https://holderbook.com/stocks/SFM/) | $3.7M | 171,908 | 0.7% | 2 |
| CARNIVAL CORP | [CCL](https://holderbook.com/stocks/CCL/) | $3.7M | 72,940 | 0.7% | 2 |
| INVITAE CORP | [NVTAQ](https://holderbook.com/stocks/NVTAQ/) | $3.2M | 138,334 | 0.6% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.0M | 10,512 | 0.6% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.0M | 15,590 | 0.6% | 2 |
| UBIQUITI NETWORKS INC | [UBNT](https://holderbook.com/stocks/UBNT/) | $2.6M | 17,494 | 0.5% | 2 |
| NEW ORIENTAL ED & TECHNOLOGY | [EDU](https://holderbook.com/stocks/EDU/) | $2.4M | 26,300 | 0.5% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.3M | 1,270 | 0.4% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.1M | 13,470 | 0.4% | 2 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $2.0M | 8,200 | 0.4% | 2 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $1.9M | 11,700 | 0.4% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 1,421 | 0.3% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.6M | 9,600 | 0.3% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.5M | 1,280 | 0.3% | 2 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $1.5M | 5,220 | 0.3% | 2 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.5M | 5,410 | 0.3% | 2 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $1.4M | 45,400 | 0.3% | 2 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $1.3M | 3,280 | 0.3% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $1.3M | 7,190 | 0.3% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.2M | 12,000 | 0.2% | 2 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.2M | 2,060 | 0.2% | 2 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $1.2M | 12,410 | 0.2% | 2 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $1.1M | 4,400 | 0.2% | 2 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $1.1M | 7,230 | 0.2% | 2 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $1.1M | 12,830 | 0.2% | 2 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $1.1M | 3,150 | 0.2% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1M | 4,350 | 0.2% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.0M | 5,450 | 0.2% | 2 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $1.0M | 2,260 | 0.2% | 2 |
| MASCO CORP | [MAS](https://holderbook.com/stocks/MAS/) | $1.0M | 25,730 | 0.2% | 2 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $991.0K | 4,430 | 0.2% | 2 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $979.0K | 10,400 | 0.2% | 2 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $962.0K | 4,760 | 0.2% | 2 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $922.0K | 6,030 | 0.2% | 2 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $920.0K | 9,670 | 0.2% | 2 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $903.0K | 8,080 | 0.2% | 2 |
| SINA CORP | [SINA](https://holderbook.com/stocks/SINA/) | $865.0K | 14,600 | 0.2% | 2 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $859.0K | 4,350 | 0.2% | 2 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $856.0K | 10,170 | 0.2% | 2 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $855.0K | 490 | 0.2% | 2 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $814.0K | 4,470 | 0.2% | 2 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $785.0K | 3,730 | 0.2% | 2 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $743.0K | 4,240 | 0.1% | 2 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $739.0K | 7,870 | 0.1% | 2 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $726.0K | 8,300 | 0.1% | 2 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $725.0K | 2,120 | 0.1% | 2 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $694.0K | 6,830 | 0.1% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $676.0K | 5,520 | 0.1% | 2 |
| DOWDUPONT INC | [DWDP](https://holderbook.com/stocks/DWDP/) | $671.0K | 12,590 | 0.1% | 2 |
| ISHARES INC | [URTH](https://holderbook.com/stocks/URTH/) | $668.0K | 7,520 | 0.1% | 2 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $642.0K | 8,640 | 0.1% | 2 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $615.0K | 5,450 | 0.1% | 2 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $605.0K | 6,060 | 0.1% | 2 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $592.0K | 4,830 | 0.1% | 2 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $525.0K | 11,700 | 0.1% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $498.0K | 18,060 | 0.1% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $487.0K | 10,400 | 0.1% | 2 |
| FIRST REP BK SAN FRANCISCO C | [FRCB](https://holderbook.com/stocks/FRCB/) | $417.0K | 4,150 | 0.1% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $383.0K | 890 | 0.1% | 2 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $368.0K | 7,620 | 0.1% | 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 | +16.4% | +13.0% | +3.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2019 | $505.5M | 221 |
| Q4 2018 | $433.3M | 235 |