# NWQ INVESTMENT MANAGEMENT COMPANY, LLC

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 763848. Source: https://holderbook.com/funds/763848-nwq-investment-management-company-llc/

- Reported value: $2.2B
- Positions: 152
- Weight of the ten largest: 23.3%
- Filed: 2020-11-16

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 |
|---|---|---|---|---|---|
| GLAXOSMITHKLINE PLC | [GSKXXXX](https://holderbook.com/stocks/GSKXXXX/) | $76.5M | 2,033,412 | 3.5% | 8 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $72.6M | 1,203,521 | 3.3% | 6 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $59.0M | 988,359 | 2.7% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $50.4M | 523,739 | 2.3% | 8 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $49.0M | 1,135,484 | 2.2% | 8 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $45.9M | 992,943 | 2.1% | 3 |
| DUPONT DE NEMOURS INC | [DD](https://holderbook.com/stocks/DD/) | $44.6M | 803,699 | 2.0% | 6 |
| SK TELECOM LTD | [SKMXXXX](https://holderbook.com/stocks/SKMXXXX/) | $44.2M | 1,970,257 | 2.0% | 8 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $41.1M | 153,129 | 1.9% | 3 |
| AXIS CAP HLDGS LTD | [AXS](https://holderbook.com/stocks/AXS/) | $33.6M | 761,970 | 1.5% | 8 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $32.3M | 233,174 | 1.5% | 3 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $32.2M | 1,086,603 | 1.5% | 8 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $32.0M | 228,720 | 1.4% | 3 |
| BIO RAD LABS INC | [BIO](https://holderbook.com/stocks/BIO/) | $31.8M | 61,779 | 1.4% | 8 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $31.7M | 308,086 | 1.4% | 5 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $30.8M | 1,738,682 | 1.4% | 6 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $30.6M | 294,325 | 1.4% | 1 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $30.6M | 557,821 | 1.4% | 8 |
| AMDOCS LTD | [DOX](https://holderbook.com/stocks/DOX/) | $29.1M | 507,636 | 1.3% | 3 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $29.0M | 170,877 | 1.3% | 8 |
| GEN DIGITAL INC | [GEN](https://holderbook.com/stocks/GEN/) | $28.9M | 1,385,217 | 1.3% | 4 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $28.8M | 217,652 | 1.3% | 8 |
| ADVANCE AUTO PARTS INC | [AAP](https://holderbook.com/stocks/AAP/) | $28.3M | 184,502 | 1.3% | 8 |
| ACTIVISION BLIZZARD INC | [ATVI](https://holderbook.com/stocks/ATVI/) | $27.8M | 343,935 | 1.3% | 5 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $27.8M | 281,831 | 1.3% | 7 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $27.0M | 1,394,231 | 1.2% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $25.5M | 1,390,346 | 1.2% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $25.1M | 17,099 | 1.1% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $24.6M | 625,160 | 1.1% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $24.6M | 341,096 | 1.1% | 8 |
| VIASAT INC | [VSAT](https://holderbook.com/stocks/VSAT/) | $24.2M | 702,784 | 1.1% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $24.1M | 488,989 | 1.1% | 8 |
| SEAGATE TECHNOLOGY PLC | [STXXXXX](https://holderbook.com/stocks/STXXXXX/) | $24.0M | 486,137 | 1.1% | 5 |
| HEALTHCARE RLTY TR | [HRXXXX](https://holderbook.com/stocks/HRXXXX/) | $23.9M | 792,866 | 1.1% | 5 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $23.2M | 63,671 | 1.0% | 8 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $23.0M | 2,063,081 | 1.0% | 8 |
| DISCOVER FINL SVCS | [DFS](https://holderbook.com/stocks/DFS/) | $22.9M | 396,792 | 1.0% | 8 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $22.9M | 188,856 | 1.0% | 3 |
| HESS CORP | [HES](https://holderbook.com/stocks/HES/) | $22.4M | 547,826 | 1.0% | 8 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $21.9M | 273,818 | 1.0% | 3 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $21.7M | 365,227 | 1.0% | 8 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $21.5M | 187,481 | 1.0% | 7 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $21.1M | 166,895 | 1.0% | 2 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $20.1M | 197,341 | 0.9% | 8 |
| FIRST HORIZON CORPORATION | [FHN](https://holderbook.com/stocks/FHN/) | $19.7M | 2,093,692 | 0.9% | 8 |
| XPLR INFRASTRUCTURE LP | [XIFR](https://holderbook.com/stocks/XIFR/) | $19.7M | 328,534 | 0.9% | 1 |
| TAKEDA PHARMACEUTICAL CO LTD | [TAK](https://holderbook.com/stocks/TAK/) | $19.0M | 1,066,440 | 0.9% | 3 |
| ROYAL DUTCH SHELL PLC | [RDSB](https://holderbook.com/stocks/RDSB/) | $18.9M | 782,201 | 0.9% | 8 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $18.5M | 364,088 | 0.8% | 1 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $18.3M | 308,440 | 0.8% | 1 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $18.0M | 87,459 | 0.8% | 2 |
| TERADATA CORP DEL | [TDC](https://holderbook.com/stocks/TDC/) | $17.9M | 786,768 | 0.8% | 4 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $17.3M | 150,962 | 0.8% | 2 |
| RAMBUS INC DEL | [RMBS](https://holderbook.com/stocks/RMBS/) | $17.1M | 1,248,308 | 0.8% | 7 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $16.9M | 362,865 | 0.8% | 4 |
| TRINITY INDS INC | [TRN](https://holderbook.com/stocks/TRN/) | $16.7M | 858,755 | 0.8% | 8 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $16.6M | 1,915,377 | 0.7% | 8 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $15.5M | 293,576 | 0.7% | 8 |
| AMERICAN EAGLE OUTFITTERS IN | [AEO](https://holderbook.com/stocks/AEO/) | $15.5M | 1,187,177 | 0.7% | 4 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $15.2M | 264,407 | 0.7% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $15.1M | 71,808 | 0.7% | 8 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $15.0M | 93,546 | 0.7% | 3 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $14.7M | 535,009 | 0.7% | 8 |
| BHP GROUP PLC | [BBL](https://holderbook.com/stocks/BBL/) | $14.3M | 334,867 | 0.6% | 3 |
| LIBERTY MEDIA CORP DEL | - | $14.3M | 19,300 | 0.6% | 8 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $13.6M | 392,188 | 0.6% | 8 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $13.4M | 289,910 | 0.6% | 8 |
| STAG INDUSTRIAL INC | [STAG](https://holderbook.com/stocks/STAG/) | $13.1M | 429,253 | 0.6% | 6 |
| TRIPADVISOR INC | [TRIP](https://holderbook.com/stocks/TRIP/) | $12.4M | 632,224 | 0.6% | 2 |
| BANK OF N T BUTTERFIELD & SO | [NTB](https://holderbook.com/stocks/NTB/) | $12.1M | 543,817 | 0.5% | 8 |
| ING GROEP N.V. | [ING](https://holderbook.com/stocks/ING/) | $11.8M | 1,673,044 | 0.5% | 8 |
| WESTERN ALLIANCE BANCORP | [WAL](https://holderbook.com/stocks/WAL/) | $11.4M | 390,723 | 0.5% | 8 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $11.1M | 221,837 | 0.5% | 8 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $10.7M | 677,691 | 0.5% | 8 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $9.6M | 507,498 | 0.4% | 5 |
| SPROUTS FMRS MKT INC | [SFM](https://holderbook.com/stocks/SFM/) | $9.5M | 454,215 | 0.4% | 2 |
| CHANGE HEALTHCARE INC | [CHNG](https://holderbook.com/stocks/CHNG/) | $9.4M | 782,085 | 0.4% | 4 |
| AMERIS BANCORP | [ABCB](https://holderbook.com/stocks/ABCB/) | $9.2M | 403,817 | 0.4% | 8 |
| TAYLOR MORRISON HOME CORP | [TMHC](https://holderbook.com/stocks/TMHC/) | $8.9M | 361,209 | 0.4% | 8 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $8.3M | 205,583 | 0.4% | 1 |
| ENERSYS | [ENS](https://holderbook.com/stocks/ENS/) | $8.3M | 123,528 | 0.4% | 8 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $8.2M | 590,630 | 0.4% | 8 |
| NATIONAL GRID PLC | [NGG](https://holderbook.com/stocks/NGG/) | $8.2M | 142,222 | 0.4% | 6 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $8.0M | 40,603 | 0.4% | 3 |
| BMC STK HLDGS INC | [BMCH](https://holderbook.com/stocks/BMCH/) | $7.9M | 184,017 | 0.4% | 8 |
| REXNORD CORP | [RXN](https://holderbook.com/stocks/RXN/) | $7.8M | 261,359 | 0.4% | 1 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $7.6M | 45,801 | 0.3% | 3 |
| TXNM ENERGY INC | [TXNM](https://holderbook.com/stocks/TXNM/) | $7.3M | 177,278 | 0.3% | 1 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $7.1M | 180,732 | 0.3% | 3 |
| ALBANY INTL CORP | [AIN](https://holderbook.com/stocks/AIN/) | $6.7M | 136,071 | 0.3% | 8 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $6.4M | 41,100 | 0.3% | 8 |
| KNIGHT-SWIFT TRANSN HLDGS IN | [KNX](https://holderbook.com/stocks/KNX/) | $6.2M | 152,410 | 0.3% | 8 |
| MATERION CORP | [MTRN](https://holderbook.com/stocks/MTRN/) | $6.2M | 119,066 | 0.3% | 8 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $5.9M | 78,441 | 0.3% | 8 |
| ALAMO GROUP INC | [ALG](https://holderbook.com/stocks/ALG/) | $5.9M | 54,336 | 0.3% | 8 |
| MECHANICS BANCORP | [MCHB](https://holderbook.com/stocks/MCHB/) | $5.8M | 227,052 | 0.3% | 8 |
| POSCO HOLDINGS INC | [PKX](https://holderbook.com/stocks/PKX/) | $5.8M | 138,678 | 0.3% | 8 |
| INNOSPEC INC | [IOSP](https://holderbook.com/stocks/IOSP/) | $5.6M | 89,079 | 0.3% | 8 |
| BRC GROUP HOLDINGS INC | [RILY](https://holderbook.com/stocks/RILY/) | $5.6M | 224,823 | 0.3% | 8 |
| SONOCO PRODS CO | [SON](https://holderbook.com/stocks/SON/) | $5.5M | 107,525 | 0.2% | 2 |

## 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 2020 | +1.2% | +8.6% | -7.4% | 100% |
| Q2 2020 | +16.3% | +19.6% | -3.3% | 97% |
| Q1 2020 | -33.0% | -19.9% | -13.1% | 100% |
| Q4 2019 | +6.5% | +8.5% | -1.9% | 99% |
| Q3 2019 | -0.1% | +1.3% | -1.4% | 98% |
| Q2 2019 | +2.3% | +3.7% | -1.4% | 98% |
| Q1 2019 | +14.0% | +13.0% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $2.2B | 152 |
| Q2 2020 | $3.0B | 155 |
| Q1 2020 | $2.5B | 156 |
| Q4 2019 | $4.0B | 159 |
| Q3 2019 | $4.1B | 155 |
| Q2 2019 | $4.4B | 149 |
| Q1 2019 | $4.6B | 147 |
| Q4 2018 | $4.2B | 149 |