# Pendal Group Ltd

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1541741. Source: https://holderbook.com/funds/1541741-pendal-group-ltd/

- Reported value: $11.6B
- Positions: 490
- Weight of the ten largest: 25.2%
- Filed: 2023-01-19

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 |
|---|---|---|---|---|---|
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $508.6M | 10,061,107 | 4.4% | 6 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $334.2M | 4,184,234 | 2.9% | 8 |
| TENARIS S A | [TS](https://holderbook.com/stocks/TS/) | $298.3M | 13,392,391 | 2.6% | 4 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $272.8M | 9,686,545 | 2.4% | 4 |
| APTIV PLC | [APTVXXXX](https://holderbook.com/stocks/APTVXXXX/) | $266.5M | 2,861,976 | 2.3% | 11 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $262.4M | 983,371 | 2.3% | 17 |
| GXO LOGISTICS INCORPORATED | [GXO](https://holderbook.com/stocks/GXO/) | $254.7M | 5,965,359 | 2.2% | 5 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $243.4M | 51,673,352 | 2.1% | 5 |
| GLOBANT S A | [GLOB](https://holderbook.com/stocks/GLOB/) | $241.4M | 1,435,665 | 2.1% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $237.9M | 991,901 | 2.1% | 17 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $222.0M | 432,785 | 1.9% | 17 |
| QIAGEN NV | [QGEN](https://holderbook.com/stocks/QGEN/) | $214.6M | 4,302,433 | 1.9% | 9 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $210.1M | 644,205 | 1.8% | 12 |
| FERGUSON PLC NEW | [FERGXXXX](https://holderbook.com/stocks/FERGXXXX/) | $206.8M | 1,638,348 | 1.8% | 8 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $205.7M | 2,004,649 | 1.8% | 17 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $195.6M | 2,217,339 | 1.7% | 17 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $194.9M | 353,883 | 1.7% | 17 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $192.1M | 1,861,826 | 1.7% | 3 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $183.8M | 2,622,987 | 1.6% | 1 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $174.2M | 896,996 | 1.5% | 17 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $173.8M | 1,124,539 | 1.5% | 17 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $171.5M | 323,504 | 1.5% | 17 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $166.0M | 1,640,333 | 1.4% | 17 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $134.3M | 1,198,496 | 1.2% | 12 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $132.1M | 1,329,782 | 1.1% | 17 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $131.6M | 3,043,985 | 1.1% | 17 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $131.0M | 2,246,826 | 1.1% | 6 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $129.9M | 895,559 | 1.1% | 13 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $126.4M | 2,507,990 | 1.1% | 17 |
| CNH INDL N V | [CNH](https://holderbook.com/stocks/CNH/) | $115.0M | 7,158,708 | 1.0% | 6 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $114.8M | 2,002,423 | 1.0% | 17 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $113.4M | 336,876 | 1.0% | 17 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $112.4M | 1,657,131 | 1.0% | 17 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $107.6M | 852,860 | 0.9% | 6 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $107.5M | 1,754,091 | 0.9% | 17 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $106.1M | 708,721 | 0.9% | 17 |
| ANSYS INC | [ANSS](https://holderbook.com/stocks/ANSS/) | $104.9M | 434,378 | 0.9% | 9 |
| BANCO BRADESCO S A | [BBD](https://holderbook.com/stocks/BBD/) | $102.6M | 35,619,286 | 0.9% | 17 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $99.9M | 2,629,207 | 0.9% | 13 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $99.3M | 4,382,644 | 0.9% | 4 |
| LIBERTY GLOBAL PLC | [LBTYKXXXX](https://holderbook.com/stocks/LBTYKXXXX/) | $99.0M | 5,095,794 | 0.9% | 17 |
| BARRICK GOLD CORP | [GOLD](https://holderbook.com/stocks/GOLD/) | $94.9M | 5,526,582 | 0.8% | 16 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $91.6M | 257,789 | 0.8% | 7 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $91.6M | 579,521 | 0.8% | 14 |
| AGCO CORP | [AGCO](https://holderbook.com/stocks/AGCO/) | $91.4M | 659,037 | 0.8% | 5 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $86.9M | 1,416,538 | 0.8% | 17 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $86.5M | 348,520 | 0.7% | 17 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $86.0M | 297,723 | 0.7% | 13 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $85.5M | 322,227 | 0.7% | 17 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $85.4M | 118,417 | 0.7% | 5 |
| EPAM SYS INC | [EPAM](https://holderbook.com/stocks/EPAM/) | $83.9M | 255,845 | 0.7% | 2 |
| PERRIGO CO PLC | [PRGO](https://holderbook.com/stocks/PRGO/) | $83.4M | 2,446,256 | 0.7% | 6 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $82.8M | 483,862 | 0.7% | 13 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $82.8M | 212,647 | 0.7% | 17 |
| MORNINGSTAR INC | [MORN](https://holderbook.com/stocks/MORN/) | $82.7M | 381,928 | 0.7% | 8 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $82.6M | 246,576 | 0.7% | 4 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $82.4M | 1,301,398 | 0.7% | 3 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $81.6M | 581,900 | 0.7% | 2 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $80.3M | 618,944 | 0.7% | 11 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $79.4M | 322,327 | 0.7% | 17 |
| TFI INTERNATIONAL INC | [TFII](https://holderbook.com/stocks/TFII/) | $78.8M | 786,958 | 0.7% | 6 |
| REPLIGEN CORP | [RGEN](https://holderbook.com/stocks/RGEN/) | $78.8M | 465,171 | 0.7% | 2 |
| TPG INC | [TPG](https://holderbook.com/stocks/TPG/) | $77.3M | 2,776,021 | 0.7% | 2 |
| FIRST REP BK SAN FRANCISCO C | [FRCB](https://holderbook.com/stocks/FRCB/) | $75.6M | 619,823 | 0.7% | 1 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $74.5M | 357,622 | 0.6% | 14 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $65.8M | 461,572 | 0.6% | 4 |
| AMCOR PLC | [AMCR](https://holderbook.com/stocks/AMCR/) | $62.6M | 5,193,246 | 0.5% | 2 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $62.4M | 993,520 | 0.5% | 8 |
| LIBERTY GLOBAL PLC | [LBTYAXXXX](https://holderbook.com/stocks/LBTYAXXXX/) | $61.2M | 3,232,906 | 0.5% | 17 |
| AMBEV SA | [ABEV](https://holderbook.com/stocks/ABEV/) | $59.7M | 21,960,673 | 0.5% | 9 |
| CEMEX SA EURO MTN BE 144A | [CX](https://holderbook.com/stocks/CX/) | $58.7M | 14,481,908 | 0.5% | 10 |
| WILLIS TOWERS WATSON PLC LTD | [WTW](https://holderbook.com/stocks/WTW/) | $47.8M | 195,511 | 0.4% | 7 |
| SUZANO S A | [SUZ](https://holderbook.com/stocks/SUZ/) | $47.8M | 5,169,373 | 0.4% | 8 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $47.7M | 769,479 | 0.4% | 6 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $41.2M | 2,279,890 | 0.4% | 17 |
| CHART INDS INC | [GTLS](https://holderbook.com/stocks/GTLS/) | $41.1M | 356,836 | 0.4% | 9 |
| KONINKLIJKE PHILIPS N V | [PHG](https://holderbook.com/stocks/PHG/) | $41.1M | 2,740,720 | 0.4% | 4 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $39.3M | 3,689,595 | 0.3% | 9 |
| GRUPO AEROPORTUARIO DEL CENT | [OMAB](https://holderbook.com/stocks/OMAB/) | $36.5M | 1,276,344 | 0.3% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $34.6M | 423,558 | 0.3% | 17 |
| TENCENT MUSIC ENTMT GROUP | [TME](https://holderbook.com/stocks/TME/) | $33.7M | 4,066,190 | 0.3% | 6 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $30.0M | 252,701 | 0.3% | 8 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $29.2M | 706,872 | 0.3% | 17 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $28.7M | 258,263 | 0.2% | 17 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $28.4M | 1,322,857 | 0.2% | 9 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $25.2M | 389,159 | 0.2% | 9 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $25.2M | 17,788 | 0.2% | 6 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $24.3M | 148,440 | 0.2% | 17 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $23.7M | 214,742 | 0.2% | 11 |
| EVOQUA WATER TECHNOLOGIES CO | [AQUA](https://holderbook.com/stocks/AQUA/) | $21.5M | 542,926 | 0.2% | 9 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $21.5M | 129,917 | 0.2% | 17 |
| DEUTSCHE BK AG | [DB](https://holderbook.com/stocks/DB/) | $20.9M | 1,845,068 | 0.2% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $20.8M | 247,569 | 0.2% | 17 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $20.7M | 108,531 | 0.2% | 17 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $19.6M | 177,603 | 0.2% | 17 |
| AZUL S A | [AZULQ](https://holderbook.com/stocks/AZULQ/) | $18.8M | 3,071,077 | 0.2% | 8 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $16.7M | 139,151 | 0.1% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $16.7M | 261,756 | 0.1% | 17 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $16.5M | 320,090 | 0.1% | 8 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $16.5M | 518,795 | 0.1% | 9 |

## 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 2022 | +10.6% | +7.1% | +3.5% | 107% |
| Q3 2022 | -6.3% | -5.3% | -1.0% | 107% |
| Q2 2022 | -15.5% | -16.5% | +1.0% | 109% |
| Q1 2022 | -10.9% | -4.9% | -6.0% | 100% |
| Q4 2021 | +9.2% | +10.7% | -1.4% | 101% |
| Q3 2021 | +0.1% | +0.3% | -0.1% | 99% |
| Q2 2021 | +9.1% | +8.0% | +1.1% | 101% |
| Q1 2021 | +5.9% | +6.0% | -0.1% | 101% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $11.6B | 490 |
| Q3 2022 | $10.3B | 447 |
| Q2 2022 | $10.2B | 447 |
| Q1 2022 | $12.2B | 483 |
| Q4 2021 | $12.5B | 536 |
| Q3 2021 | $12.1B | 566 |
| Q2 2021 | $10.9B | 546 |
| Q1 2021 | $10.2B | 528 |
| Q4 2020 | $9.6B | 505 |
| Q3 2020 | $8.2B | 433 |
| Q2 2020 | $7.3B | 428 |
| Q1 2020 | $5.9B | 426 |