# ASHMORE WEALTH MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1568887. Source: https://holderbook.com/funds/1568887-ashmore-wealth-management-llc/

- Reported value: $1.6B
- Positions: 28
- Weight of the ten largest: 71.2%
- 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/) | $342.8M | 2,465,867 | 21.7% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $221.2M | 987,849 | 14.0% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $112.5M | 2,182,650 | 7.1% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $82.5M | 479,694 | 5.2% | 4 |
| KNIGHT-SWIFT TRANSN HLDGS IN | [KNX](https://holderbook.com/stocks/KNX/) | $73.1M | 2,014,574 | 4.6% | 4 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $70.1M | 184,328 | 4.4% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $60.5M | 373,549 | 3.8% | 4 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $60.2M | 221,519 | 3.8% | 4 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $53.6M | 1,642,184 | 3.4% | 4 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $50.8M | 1,017,639 | 3.2% | 4 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $43.0M | 155,684 | 2.7% | 4 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $41.4M | 264,506 | 2.6% | 4 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $40.0M | 269,626 | 2.5% | 4 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $38.9M | 300,602 | 2.5% | 4 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $34.3M | 569,709 | 2.2% | 4 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $33.8M | 493,092 | 2.1% | 4 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $27.5M | 88,185 | 1.7% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $24.3M | 139,749 | 1.5% | 4 |
| XILINX INC | [XLNX](https://holderbook.com/stocks/XLNX/) | $22.0M | 229,153 | 1.4% | 4 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $21.7M | 302,260 | 1.4% | 2 |
| COSTAR GROUP INC | [CSGP](https://holderbook.com/stocks/CSGP/) | $20.6M | 34,732 | 1.3% | 2 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $20.0M | 420,168 | 1.3% | 4 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $19.1M | 121,875 | 1.2% | 4 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $16.4M | 283,915 | 1.0% | 2 |
| RITCHIE BROS AUCTIONEERS | [RBAXXXX](https://holderbook.com/stocks/RBAXXXX/) | $16.3M | 408,305 | 1.0% | 4 |
| SPLUNK INC | [SPLK](https://holderbook.com/stocks/SPLK/) | $13.8M | 117,427 | 0.9% | 2 |
| PLURALSIGHT INC | [PS](https://holderbook.com/stocks/PS/) | $12.8M | 761,129 | 0.8% | 1 |
| INSPERITY INC | [NSP](https://holderbook.com/stocks/NSP/) | $9.3M | 93,837 | 0.6% | 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 |
|---|---|---|---|---|
| Q3 2019 | +3.3% | +1.3% | +2.1% | 100% |
| Q2 2019 | +4.0% | +3.7% | +0.3% | 100% |
| Q1 2019 | +19.4% | +13.0% | +6.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $1.6B | 28 |
| Q2 2019 | $1.5B | 27 |
| Q1 2019 | $1.7B | 25 |
| Q4 2018 | $1.4B | 26 |