# Arabesque Asset Management Ltd

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1766393. Source: https://holderbook.com/funds/1766393-arabesque-asset-management-ltd/

- Reported value: $295.6M
- Positions: 130
- Weight of the ten largest: 16.2%
- Filed: 2023-02-14

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 |
|---|---|---|---|---|---|
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $5.5M | 49,653 | 1.9% | 4 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $4.9M | 15,145 | 1.7% | 8 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $4.9M | 96,213 | 1.7% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.8M | 13,143 | 1.6% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.8M | 8,559 | 1.6% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $4.7M | 29,045 | 1.6% | 5 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $4.7M | 27,908 | 1.6% | 8 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $4.7M | 73,354 | 1.6% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $4.5M | 21,755 | 1.5% | 6 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $4.4M | 61,677 | 1.5% | 4 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $4.4M | 26,840 | 1.5% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $4.3M | 54,145 | 1.5% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.3M | 24,103 | 1.4% | 4 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $4.1M | 4,891 | 1.4% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $4.1M | 15,556 | 1.4% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $4.1M | 37,035 | 1.4% | 7 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $4.0M | 1,628 | 1.4% | 8 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $3.9M | 7,160 | 1.3% | 4 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $3.9M | 14,537 | 1.3% | 8 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $3.8M | 57,613 | 1.3% | 3 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $3.8M | 5,199 | 1.3% | 4 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.6M | 32,437 | 1.2% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.6M | 23,494 | 1.2% | 8 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $3.5M | 41,171 | 1.2% | 2 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $3.5M | 13,084 | 1.2% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $3.5M | 6,536 | 1.2% | 7 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $3.5M | 97,093 | 1.2% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.3M | 18,529 | 1.1% | 4 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $3.3M | 180,235 | 1.1% | 2 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.2M | 12,324 | 1.1% | 4 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $3.2M | 7,559 | 1.1% | 6 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.2M | 9,259 | 1.1% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.2M | 22,651 | 1.1% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.2M | 15,348 | 1.1% | 1 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $3.1M | 33,542 | 1.1% | 5 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $3.0M | 7,957 | 1.0% | 11 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $2.9M | 37,344 | 1.0% | 2 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $2.9M | 40,465 | 1.0% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.8M | 11,771 | 1.0% | 2 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $2.7M | 5,279 | 0.9% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.7M | 56,434 | 0.9% | 1 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.7M | 13,492 | 0.9% | 8 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.7M | 17,092 | 0.9% | 1 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $2.7M | 8,401 | 0.9% | 11 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $2.7M | 7,119 | 0.9% | 5 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $2.7M | 57,673 | 0.9% | 1 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $2.6M | 5,638 | 0.9% | 6 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $2.6M | 5,160 | 0.9% | 2 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.6M | 11,928 | 0.9% | 6 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $2.6M | 8,719 | 0.9% | 8 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $2.6M | 7,884 | 0.9% | 2 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $2.6M | 30,739 | 0.9% | 2 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $2.5M | 81,493 | 0.9% | 7 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $2.5M | 14,423 | 0.8% | 1 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $2.5M | 14,380 | 0.8% | 1 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $2.5M | 17,597 | 0.8% | 1 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $2.4M | 9,878 | 0.8% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.4M | 18,727 | 0.8% | 5 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $2.4M | 8,421 | 0.8% | 2 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $2.4M | 10,152 | 0.8% | 8 |
| DECKERS OUTDOOR CORP | [DECK](https://holderbook.com/stocks/DECK/) | $2.4M | 6,004 | 0.8% | 11 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $2.4M | 14,200 | 0.8% | 2 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $2.4M | 36,807 | 0.8% | 1 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $2.4M | 58,457 | 0.8% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.4M | 19,272 | 0.8% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.3M | 15,901 | 0.8% | 7 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $2.3M | 6,700 | 0.8% | 1 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $2.2M | 18,996 | 0.7% | 6 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $2.2M | 16,745 | 0.7% | 2 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $2.2M | 15,349 | 0.7% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $2.2M | 15,534 | 0.7% | 3 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $2.2M | 44,198 | 0.7% | 1 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $2.1M | 21,166 | 0.7% | 1 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $2.1M | 182,969 | 0.7% | 3 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $2.1M | 19,028 | 0.7% | 2 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $2.1M | 9,529 | 0.7% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.1M | 6,561 | 0.7% | 9 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $2.1M | 12,392 | 0.7% | 5 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $2.0M | 15,247 | 0.7% | 2 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $1.9M | 38,574 | 0.6% | 7 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $1.8M | 14,264 | 0.6% | 5 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.8M | 12,377 | 0.6% | 7 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $1.8M | 15,580 | 0.6% | 2 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $1.7M | 22,752 | 0.6% | 5 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $1.7M | 22,653 | 0.6% | 10 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.7M | 6,920 | 0.6% | 8 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $1.6M | 14,140 | 0.6% | 7 |
| ROGERS CORP | [ROG](https://holderbook.com/stocks/ROG/) | $1.6M | 13,142 | 0.5% | 5 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $1.6M | 57,740 | 0.5% | 5 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.5M | 6,083 | 0.5% | 1 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.4M | 10,701 | 0.5% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.4M | 53,287 | 0.5% | 1 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.4M | 687 | 0.5% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.3M | 26,581 | 0.4% | 3 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $1.3M | 11,454 | 0.4% | 6 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $1.2M | 5,016 | 0.4% | 7 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.2M | 12,245 | 0.4% | 2 |
| CANADIAN PAC RY LTD | [CPXXXX](https://holderbook.com/stocks/CPXXXX/) | $1.1M | 14,777 | 0.4% | 5 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $945.0K | 7,949 | 0.3% | 4 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $931.7K | 1,675 | 0.3% | 6 |

## 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 | +10.1% | +7.1% | +3.0% | 100% |
| Q3 2022 | -4.4% | -5.3% | +0.9% | 100% |
| Q2 2022 | -16.5% | -16.5% | -0.1% | 100% |
| Q1 2022 | -11.1% | -4.9% | -6.2% | 99% |
| Q4 2021 | +11.0% | +10.7% | +0.3% | 99% |
| Q3 2021 | +1.7% | +0.3% | +1.4% | 100% |
| Q2 2021 | +7.4% | +8.0% | -0.6% | 100% |
| Q1 2021 | +7.3% | +6.0% | +1.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $295.6M | 130 |
| Q3 2022 | $205.0M | 113 |
| Q2 2022 | $189.7M | 118 |
| Q1 2022 | $288.0M | 157 |
| Q4 2021 | $346.4M | 173 |
| Q3 2021 | $298.8M | 170 |
| Q2 2021 | $235.1M | 130 |
| Q1 2021 | $226.3M | 91 |
| Q4 2020 | $334.6M | 78 |
| Q3 2020 | $111.2M | 66 |
| Q2 2020 | $147.6M | 79 |
| Q1 2020 | $48.3M | 30 |