# TIRSCHWELL & LOEWY INC

> Institutional holdings reported to the SEC as of Q1 2019 on Form 13F. CIK 884535. Source: https://holderbook.com/funds/884535-tirschwell-loewy-inc/

- Reported value: $730.9M
- Positions: 66
- Weight of the ten largest: 44.4%
- Filed: 2019-04-03

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 |
|---|---|---|---|---|---|
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $37.6M | 159,700 | 5.1% | 2 |
| COGNEX CORP | [CGNX](https://holderbook.com/stocks/CGNX/) | $37.0M | 727,350 | 5.1% | 2 |
| TIFFANY & CO NEW | [TIF](https://holderbook.com/stocks/TIF/) | $34.6M | 327,555 | 4.7% | 2 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $34.2M | 324,896 | 4.7% | 2 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $33.6M | 282,539 | 4.6% | 2 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $32.9M | 249,026 | 4.5% | 2 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $31.8M | 142,280 | 4.4% | 2 |
| INSULET CORP | [PODD](https://holderbook.com/stocks/PODD/) | $28.2M | 296,745 | 3.9% | 2 |
| Xilinx Inc. | - | $27.5M | 216,650 | 3.8% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $26.9M | 192,085 | 3.7% | 2 |
| BROWN FORMAN CORP | [BFB](https://holderbook.com/stocks/BFB/) | $26.8M | 507,221 | 3.7% | 2 |
| NEOGEN CORP | [NEOG](https://holderbook.com/stocks/NEOG/) | $25.0M | 436,426 | 3.4% | 2 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $24.5M | 154,434 | 3.4% | 2 |
| RAYTHEON CO | [RTN](https://holderbook.com/stocks/RTN/) | $24.5M | 134,567 | 3.4% | 2 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $22.7M | 305,056 | 3.1% | 2 |
| ABIOMED INC | [ABMD](https://holderbook.com/stocks/ABMD/) | $21.1M | 73,941 | 2.9% | 2 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $20.0M | 214,511 | 2.7% | 2 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $19.7M | 377,450 | 2.7% | 2 |
| 3M COMPANY | - | $19.1M | 91,842 | 2.6% | 2 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $17.1M | 23,665 | 2.3% | 2 |
| JPMorgan Chase & Co. | - | $15.8M | 156,042 | 2.2% | 2 |
| INOGEN INC | [INGN](https://holderbook.com/stocks/INGN/) | $15.0M | 157,640 | 2.1% | 2 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $14.9M | 63,141 | 2.0% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $14.0M | 73,850 | 1.9% | 2 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $13.9M | 265,730 | 1.9% | 2 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $12.8M | 123,245 | 1.8% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $11.9M | 75,200 | 1.6% | 2 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $11.2M | 78,001 | 1.5% | 2 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $7.3M | 23,530 | 1.0% | 2 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $6.1M | 54,525 | 0.8% | 2 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $6.1M | 92,156 | 0.8% | 2 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $5.6M | 99,950 | 0.8% | 2 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $5.1M | 127,180 | 0.7% | 2 |
| Dow Dupont | - | $4.7M | 87,500 | 0.6% | 2 |
| Merck & Co Inc | - | $3.2M | 38,791 | 0.4% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.2M | 28,832 | 0.4% | 2 |
| Rockwell Automation Inc. | - | $2.9M | 16,410 | 0.4% | 2 |
| United Technologies Corp | - | $2.9M | 22,157 | 0.4% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.6M | 13,300 | 0.3% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.5M | 42,638 | 0.3% | 2 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $2.2M | 27,213 | 0.3% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.8M | 6 | 0.2% | 2 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.8M | 26,050 | 0.2% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.7M | 21,423 | 0.2% | 2 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $1.7M | 29,500 | 0.2% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.6M | 13,202 | 0.2% | 2 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.5M | 7,700 | 0.2% | 2 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.3M | 19,655 | 0.2% | 2 |
| Berkshire Hathaway Cl B | [BRK-A](https://holderbook.com/stocks/BRK-A/) | $1.3M | 6,262 | 0.2% | 2 |
| BANK NEW YORK CO INC | - | $1.2M | 23,579 | 0.2% | 2 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.1M | 3,009 | 0.2% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.1M | 7,956 | 0.2% | 2 |
| ZYNGA INC | [ZNGA](https://holderbook.com/stocks/ZNGA/) | $746.0K | 139,878 | 0.1% | 2 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $698.0K | 16,028 | 0.1% | 2 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $524.0K | 7,652 | 0.1% | 2 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $520.0K | 10,900 | 0.1% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $495.0K | 3,650 | 0.1% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $491.0K | 2,583 | 0.1% | 2 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $479.0K | 3,000 | 0.1% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $399.0K | 3,832 | 0.1% | 2 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $374.0K | 2,000 | 0.1% | 2 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $332.0K | 2,417 | 0.0% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $306.0K | 2,800 | 0.0% | 2 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $251.0K | 835 | 0.0% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $215.0K | 6,871 | 0.0% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $212.0K | 4,998 | 0.0% | 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 |
|---|---|---|---|---|
| Q1 2019 | +11.1% | +13.0% | -1.9% | 93% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2019 | $730.9M | 66 |
| Q4 2018 | $659.9M | 68 |