# Neuburgh Advisers LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1693800. Source: https://holderbook.com/funds/1693800-neuburgh-advisers-llc/

- Reported value: $3.2B
- Positions: 919
- Weight of the ten largest: 26.2%
- Filed: 2019-11-14

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/) | $175.6M | 784,212 | 5.5% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $85.3M | 69,840 | 2.7% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $84.0M | 713,966 | 2.6% | 4 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $82.5M | 381,548 | 2.6% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $76.9M | 648,652 | 2.4% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $73.5M | 42,352 | 2.3% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $72.7M | 243,474 | 2.3% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $66.6M | 791,406 | 2.1% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $64.1M | 495,792 | 2.0% | 4 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $62.4M | 1,910,834 | 1.9% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $61.3M | 281,996 | 1.9% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $55.7M | 1,909,236 | 1.7% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $52.3M | 303,840 | 1.6% | 4 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $52.2M | 179,278 | 1.6% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $50.3M | 216,986 | 1.6% | 4 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $47.0M | 294,746 | 1.5% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $41.1M | 197,692 | 1.3% | 4 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $38.6M | 267,476 | 1.2% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $38.5M | 254,320 | 1.2% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $35.7M | 300,432 | 1.1% | 4 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $34.2M | 85,728 | 1.1% | 4 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $33.7M | 688,160 | 1.0% | 4 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $33.7M | 152,262 | 1.0% | 4 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $33.5M | 671,704 | 1.0% | 4 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $33.0M | 61,166 | 1.0% | 4 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $31.9M | 573,072 | 1.0% | 4 |
| FIRST REP BK SAN FRANCISCO C | [FRCB](https://holderbook.com/stocks/FRCB/) | $31.4M | 324,808 | 1.0% | 4 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $30.1M | 110,944 | 0.9% | 4 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $30.0M | 141,760 | 0.9% | 4 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $29.7M | 198,594 | 0.9% | 4 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $25.6M | 198,066 | 0.8% | 4 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $23.0M | 184,704 | 0.7% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $22.9M | 636,684 | 0.7% | 4 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $19.7M | 205,258 | 0.6% | 4 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $19.2M | 278,320 | 0.6% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $18.8M | 68,034 | 0.6% | 4 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $16.5M | 325,380 | 0.5% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $16.0M | 264,304 | 0.5% | 4 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $15.9M | 104,816 | 0.5% | 4 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $15.7M | 168,402 | 0.5% | 4 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $14.4M | 46,224 | 0.4% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $14.2M | 11,664 | 0.4% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $14.0M | 284,336 | 0.4% | 4 |
| F5 INC | [FFIV](https://holderbook.com/stocks/FFIV/) | $13.6M | 97,172 | 0.4% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $13.6M | 63,470 | 0.4% | 4 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $13.5M | 70,414 | 0.4% | 4 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $13.4M | 280,192 | 0.4% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $13.4M | 46,368 | 0.4% | 4 |
| RITCHIE BROS AUCTIONEERS | [RBAXXXX](https://holderbook.com/stocks/RBAXXXX/) | $13.2M | 330,038 | 0.4% | 4 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $12.7M | 194,650 | 0.4% | 4 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $12.7M | 143,378 | 0.4% | 4 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $12.6M | 30,566 | 0.4% | 4 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $12.4M | 53,686 | 0.4% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $12.3M | 70,848 | 0.4% | 4 |
| TELADOC HEALTH INC | [TDOC](https://holderbook.com/stocks/TDOC/) | $12.1M | 178,240 | 0.4% | 4 |
| COSTAR GROUP INC | [CSGP](https://holderbook.com/stocks/CSGP/) | $11.9M | 20,016 | 0.4% | 4 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $11.7M | 68,848 | 0.4% | 4 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $11.7M | 144,826 | 0.4% | 4 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $11.6M | 68,176 | 0.4% | 4 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $11.5M | 59,620 | 0.4% | 4 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $11.5M | 244,766 | 0.4% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $11.4M | 283,360 | 0.4% | 4 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $11.1M | 57,426 | 0.3% | 4 |
| XILINX INC | [XLNX](https://holderbook.com/stocks/XLNX/) | $10.9M | 114,026 | 0.3% | 4 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $10.9M | 67,056 | 0.3% | 4 |
| DUPONT DE NEMOURS INC | [DD](https://holderbook.com/stocks/DD/) | $10.9M | 152,898 | 0.3% | 2 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $10.4M | 144,400 | 0.3% | 4 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $10.2M | 65,406 | 0.3% | 4 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $10.1M | 66,704 | 0.3% | 4 |
| BRIXMOR PPTY GROUP INC | [BRX](https://holderbook.com/stocks/BRX/) | $10.0M | 493,748 | 0.3% | 4 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $10.0M | 50,354 | 0.3% | 4 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $10.0M | 234,532 | 0.3% | 4 |
| INTERNATIONAL PAPER CO | [IP](https://holderbook.com/stocks/IP/) | $9.9M | 237,320 | 0.3% | 4 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $9.8M | 36,788 | 0.3% | 4 |
| UNIVERSAL HLTH SVCS INC | [UHS](https://holderbook.com/stocks/UHS/) | $9.5M | 63,818 | 0.3% | 4 |
| MANPOWERGROUP INC WIS | [MAN](https://holderbook.com/stocks/MAN/) | $9.3M | 109,854 | 0.3% | 4 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $9.1M | 53,680 | 0.3% | 4 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $9.0M | 121,836 | 0.3% | 4 |
| WESTROCK CO | [WRK](https://holderbook.com/stocks/WRK/) | $8.8M | 241,536 | 0.3% | 4 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $8.5M | 72,116 | 0.3% | 4 |
| SERVICE PPTYS TR | [SVC](https://holderbook.com/stocks/SVC/) | $8.5M | 328,440 | 0.3% | 1 |
| UNUM GROUP | [UNM](https://holderbook.com/stocks/UNM/) | $8.4M | 282,200 | 0.3% | 4 |
| PINNACLE WEST CAP CORP | [PNW](https://holderbook.com/stocks/PNW/) | $8.3M | 85,344 | 0.3% | 4 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $8.2M | 74,752 | 0.3% | 4 |
| LINCOLN NATL CORP IND | [LNC](https://holderbook.com/stocks/LNC/) | $8.2M | 136,114 | 0.3% | 4 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $8.0M | 75,120 | 0.2% | 4 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $8.0M | 85,360 | 0.2% | 4 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $7.9M | 99,680 | 0.2% | 4 |
| PLURALSIGHT INC | [PS](https://holderbook.com/stocks/PS/) | $7.9M | 468,672 | 0.2% | 4 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $7.8M | 90,338 | 0.2% | 4 |
| ALASKA AIR GROUP INC | [ALK](https://holderbook.com/stocks/ALK/) | $7.7M | 118,830 | 0.2% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $7.6M | 68,090 | 0.2% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $7.6M | 25,542 | 0.2% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $7.3M | 133,298 | 0.2% | 4 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $7.1M | 118,360 | 0.2% | 4 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $6.8M | 107,360 | 0.2% | 4 |
| XEROX HOLDINGS CORP | [XRX](https://holderbook.com/stocks/XRX/) | $6.8M | 225,984 | 0.2% | 1 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $6.7M | 12,096 | 0.2% | 4 |
| ALLY FINL INC | [ALLY](https://holderbook.com/stocks/ALLY/) | $6.6M | 200,224 | 0.2% | 4 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $6.6M | 101,926 | 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 | +1.3% | +1.3% | -0.0% | 100% |
| Q2 2019 | +2.0% | +3.7% | -1.7% | 100% |
| Q1 2019 | +13.1% | +13.0% | +0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $3.2B | 919 |
| Q2 2019 | $3.1B | 912 |
| Q1 2019 | $2.9B | 910 |
| Q4 2018 | $2.5B | 894 |