# RIVERHEAD CAPITAL MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1568679. Source: https://holderbook.com/funds/1568679-riverhead-capital-management-llc/

- Reported value: $2.7B
- Positions: 1,497
- Weight of the ten largest: 12.6%
- Filed: 2019-11-13

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $69.8M | 501,970 | 2.6% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $66.9M | 298,843 | 2.5% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $35.2M | 271,902 | 1.3% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $30.5M | 17,587 | 1.1% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $28.1M | 333,690 | 1.0% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $27.0M | 130,000 | 1.0% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $22.1M | 18,134 | 0.8% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $21.6M | 121,561 | 0.8% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $20.0M | 405,701 | 0.7% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $20.0M | 132,000 | 0.7% | 1 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $19.6M | 91,472 | 0.7% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $18.9M | 160,981 | 0.7% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $18.5M | 149,128 | 0.7% | 4 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $18.3M | 48,034 | 0.7% | 4 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $17.7M | 467,701 | 0.7% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $17.4M | 146,690 | 0.6% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $17.4M | 74,991 | 0.6% | 4 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $16.7M | 370,204 | 0.6% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $16.5M | 139,332 | 0.6% | 4 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $16.3M | 236,036 | 0.6% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $16.1M | 227,962 | 0.6% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $15.9M | 441,559 | 0.6% | 4 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $15.7M | 121,701 | 0.6% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $15.6M | 258,466 | 0.6% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $15.4M | 89,715 | 0.6% | 4 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $15.4M | 101,184 | 0.6% | 4 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $15.1M | 55,486 | 0.6% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $14.6M | 499,929 | 0.5% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $14.4M | 66,401 | 0.5% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $14.1M | 11,596 | 0.5% | 4 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $13.9M | 47,772 | 0.5% | 4 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $13.1M | 67,452 | 0.5% | 4 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $13.0M | 76,007 | 0.5% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $12.9M | 46,813 | 0.5% | 4 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $12.6M | 54,118 | 0.5% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $12.6M | 243,920 | 0.5% | 4 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $12.5M | 117,219 | 0.5% | 4 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $12.4M | 76,495 | 0.5% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $12.3M | 41,084 | 0.5% | 4 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $11.9M | 150,217 | 0.4% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $11.5M | 38,718 | 0.4% | 3 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $11.4M | 225,463 | 0.4% | 4 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $10.9M | 219,250 | 0.4% | 4 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $10.7M | 179,397 | 0.4% | 4 |
| WHITING PETE CORP NEW | - | $10.6M | 10,881,000 | 0.4% | 2 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $10.3M | 163,064 | 0.4% | 4 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $10.3M | 217,796 | 0.4% | 4 |
| XEROX HOLDINGS CORP | [XRX](https://holderbook.com/stocks/XRX/) | $10.2M | 342,691 | 0.4% | 1 |
| PROSPECT CAPITAL CORPORATION | - | $10.1M | 10,000,000 | 0.4% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $10.0M | 181,338 | 0.4% | 4 |
| F5 INC | [FFIV](https://holderbook.com/stocks/FFIV/) | $10.0M | 71,016 | 0.4% | 4 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $9.8M | 170,453 | 0.4% | 4 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $9.7M | 50,374 | 0.4% | 4 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $9.6M | 172,413 | 0.4% | 4 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $9.6M | 147,290 | 0.4% | 4 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $9.2M | 65,000 | 0.3% | 4 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $9.2M | 77,807 | 0.3% | 4 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $9.1M | 39,531 | 0.3% | 4 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $9.1M | 322,357 | 0.3% | 4 |
| PINNACLE WEST CAP CORP | [PNW](https://holderbook.com/stocks/PNW/) | $9.1M | 93,446 | 0.3% | 4 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $9.0M | 101,782 | 0.3% | 4 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $9.0M | 129,912 | 0.3% | 4 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $8.8M | 175,390 | 0.3% | 4 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $8.8M | 125,913 | 0.3% | 4 |
| LINCOLN NATL CORP IND | [LNC](https://holderbook.com/stocks/LNC/) | $8.6M | 142,774 | 0.3% | 4 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $8.6M | 50,892 | 0.3% | 4 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $8.6M | 139,250 | 0.3% | 4 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $8.5M | 180,060 | 0.3% | 4 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $8.4M | 34,421 | 0.3% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $8.4M | 74,710 | 0.3% | 4 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $8.3M | 20,839 | 0.3% | 4 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $8.2M | 56,963 | 0.3% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $8.2M | 50,504 | 0.3% | 4 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $8.2M | 36,950 | 0.3% | 4 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $8.1M | 142,539 | 0.3% | 4 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $7.9M | 94,313 | 0.3% | 4 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $7.8M | 71,046 | 0.3% | 4 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $7.5M | 154,580 | 0.3% | 4 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $7.4M | 172,702 | 0.3% | 4 |
| BRIXMOR PPTY GROUP INC | [BRX](https://holderbook.com/stocks/BRX/) | $7.4M | 363,150 | 0.3% | 4 |
| ZIONS BANCORPORATION NATL AS | [ZION](https://holderbook.com/stocks/ZION/) | $7.3M | 164,883 | 0.3% | 4 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $7.3M | 49,435 | 0.3% | 4 |
| ALLY FINL INC | [ALLY](https://holderbook.com/stocks/ALLY/) | $7.3M | 221,130 | 0.3% | 4 |
| FIRST REP BK SAN FRANCISCO C | [FRCB](https://holderbook.com/stocks/FRCB/) | $7.3M | 75,512 | 0.3% | 4 |
| RYDER SYS INC | [R](https://holderbook.com/stocks/R/) | $7.3M | 140,916 | 0.3% | 4 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $7.3M | 134,854 | 0.3% | 4 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $7.3M | 213,112 | 0.3% | 4 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $7.2M | 36,328 | 0.3% | 4 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $7.2M | 130,637 | 0.3% | 4 |
| UNIVERSAL HLTH SVCS INC | [UHS](https://holderbook.com/stocks/UHS/) | $6.9M | 46,624 | 0.3% | 4 |
| KIMCO REALTY CORP | [KIM](https://holderbook.com/stocks/KIM/) | $6.9M | 331,950 | 0.3% | 4 |
| OSHKOSH CORP | [OSK](https://holderbook.com/stocks/OSK/) | $6.9M | 91,320 | 0.3% | 4 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $6.9M | 24,879 | 0.3% | 4 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $6.7M | 84,911 | 0.2% | 4 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $6.7M | 31,656 | 0.2% | 4 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $6.6M | 84,851 | 0.2% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $6.6M | 87,489 | 0.2% | 4 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $6.6M | 101,025 | 0.2% | 4 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $6.5M | 41,131 | 0.2% | 4 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $6.4M | 420,918 | 0.2% | 4 |

## 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 |
|---|---|---|---|---|
| Q3 2019 | +0.8% | +1.3% | -0.5% | 99% |
| Q2 2019 | +2.2% | +3.7% | -1.5% | 99% |
| Q1 2019 | +12.2% | +13.0% | -0.8% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $2.7B | 1,497 |
| Q2 2019 | $2.7B | 1,518 |
| Q1 2019 | $2.5B | 1,489 |
| Q4 2018 | $2.2B | 1,487 |