# BADGLEY PHELPS & BELL INC

> Institutional holdings reported to the SEC as of Q2 2021 on Form 13F. CIK 915325. Source: https://holderbook.com/funds/915325-badgley-phelps-bell-inc/

- Reported value: $2.7B
- Positions: 222
- Weight of the ten largest: 29.5%
- Filed: 2021-07-28

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 |
|---|---|---|---|---|---|
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $134.0M | 1,699,132 | 5.0% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $111.2M | 410,303 | 4.1% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $95.3M | 696,139 | 3.5% | 11 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $81.8M | 362,933 | 3.0% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $79.9M | 23,228 | 3.0% | 11 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $66.4M | 247,262 | 2.5% | 11 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $65.4M | 1,269,916 | 2.4% | 11 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $56.3M | 339,471 | 2.1% | 11 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $53.4M | 266,217 | 2.0% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $51.7M | 951,248 | 1.9% | 11 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $51.6M | 165,392 | 1.9% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $44.3M | 285,094 | 1.6% | 11 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $43.4M | 149,064 | 1.6% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $40.2M | 171,764 | 1.5% | 11 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $36.2M | 134,851 | 1.3% | 11 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $36.0M | 172,944 | 1.3% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $34.1M | 98,078 | 1.3% | 11 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $33.1M | 360,834 | 1.2% | 11 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $32.9M | 897,032 | 1.2% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $32.1M | 13,131 | 1.2% | 11 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $30.4M | 76,781 | 1.1% | 11 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $30.2M | 46,398 | 1.1% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $29.3M | 36,572 | 1.1% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $28.9M | 164,348 | 1.1% | 11 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $28.4M | 56,200 | 1.1% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $27.8M | 379,065 | 1.0% | 11 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $27.6M | 231,251 | 1.0% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $27.1M | 97,533 | 1.0% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $26.6M | 10,625 | 1.0% | 11 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $26.1M | 107,017 | 1.0% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $25.7M | 80,627 | 1.0% | 11 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $25.3M | 203,963 | 0.9% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $24.5M | 44,634 | 0.9% | 11 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $24.2M | 368,823 | 0.9% | 4 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $23.9M | 168,712 | 0.9% | 11 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $23.3M | 86,004 | 0.9% | 11 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $23.0M | 104,623 | 0.9% | 11 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $22.9M | 43,368 | 0.9% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $22.1M | 134,208 | 0.8% | 11 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $21.9M | 530,701 | 0.8% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $21.8M | 94,988 | 0.8% | 11 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $21.6M | 136,046 | 0.8% | 11 |
| WISDOMTREE TR | [XSOE](https://holderbook.com/stocks/XSOE/) | $21.2M | 503,469 | 0.8% | 6 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $20.8M | 198,193 | 0.8% | 11 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $20.4M | 180,063 | 0.8% | 11 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $19.6M | 246,723 | 0.7% | 11 |
| FIRST REP BK SAN FRANCISCO C | [FRCB](https://holderbook.com/stocks/FRCB/) | $19.5M | 104,243 | 0.7% | 11 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $19.3M | 93,685 | 0.7% | 11 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $18.6M | 31,764 | 0.7% | 11 |
| APTIV PLC | [APTVXXXX](https://holderbook.com/stocks/APTVXXXX/) | $17.4M | 110,615 | 0.6% | 5 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $17.4M | 123,560 | 0.6% | 11 |
| KRANESHARES TRUST | [IVOL](https://holderbook.com/stocks/IVOL/) | $17.1M | 620,386 | 0.6% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $17.1M | 42,751 | 0.6% | 11 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $17.0M | 21,229 | 0.6% | 10 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $16.5M | 310,982 | 0.6% | 11 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $16.1M | 258,255 | 0.6% | 11 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $16.0M | 50,300 | 0.6% | 11 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $15.6M | 57,683 | 0.6% | 11 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $15.4M | 66,744 | 0.6% | 11 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $15.1M | 139,089 | 0.6% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $14.7M | 108,634 | 0.5% | 11 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $14.6M | 56,019 | 0.5% | 11 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $14.3M | 255,080 | 0.5% | 11 |
| INVESCO ACTVELY MNGD ETC FD | [PDBC](https://holderbook.com/stocks/PDBC/) | $14.0M | 694,911 | 0.5% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $13.9M | 98,723 | 0.5% | 11 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $13.9M | 37,465 | 0.5% | 11 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $13.9M | 81,694 | 0.5% | 5 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $13.8M | 92,025 | 0.5% | 10 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $13.7M | 62,723 | 0.5% | 4 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $13.6M | 301,668 | 0.5% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $13.5M | 49,731 | 0.5% | 11 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $13.5M | 61,621 | 0.5% | 11 |
| COSTAR GROUP INC | [CSGP](https://holderbook.com/stocks/CSGP/) | $13.5M | 162,770 | 0.5% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $13.2M | 89,295 | 0.5% | 11 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $12.9M | 53,851 | 0.5% | 11 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $12.5M | 53,445 | 0.5% | 11 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $12.5M | 319,156 | 0.5% | 11 |
| ISHARES TR | [XT](https://holderbook.com/stocks/XT/) | $12.4M | 196,018 | 0.5% | 5 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $12.2M | 134,869 | 0.5% | 4 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $12.1M | 5,515 | 0.4% | 11 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $12.1M | 248,169 | 0.4% | 5 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $12.0M | 215,688 | 0.4% | 7 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $11.8M | 82,865 | 0.4% | 2 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $11.6M | 148,420 | 0.4% | 11 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $11.5M | 227,291 | 0.4% | 2 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $11.4M | 133,601 | 0.4% | 5 |
| FLEXSHARES TR | [GUNR](https://holderbook.com/stocks/GUNR/) | $11.1M | 290,942 | 0.4% | 2 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $11.1M | 51,358 | 0.4% | 6 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $11.1M | 59,558 | 0.4% | 7 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $11.0M | 160,543 | 0.4% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $10.4M | 89,742 | 0.4% | 11 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $10.4M | 124,683 | 0.4% | 11 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $10.2M | 42,293 | 0.4% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $10.1M | 45,156 | 0.4% | 11 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $10.0M | 34,254 | 0.4% | 4 |
| ALLY FINL INC | [ALLY](https://holderbook.com/stocks/ALLY/) | $9.8M | 196,973 | 0.4% | 1 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $9.7M | 39,859 | 0.4% | 11 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $9.5M | 169,135 | 0.4% | 11 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $8.9M | 108,992 | 0.3% | 1 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $8.8M | 56,935 | 0.3% | 11 |

## 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 |
|---|---|---|---|---|
| Q2 2021 | +7.6% | +8.0% | -0.4% | 100% |
| Q1 2021 | +4.2% | +6.0% | -1.8% | 100% |
| Q4 2020 | +11.1% | +11.6% | -0.5% | 100% |
| Q3 2020 | +9.0% | +8.6% | +0.4% | 100% |
| Q2 2020 | +18.0% | +19.6% | -1.7% | 100% |
| Q1 2020 | -18.1% | -19.9% | +1.8% | 100% |
| Q4 2019 | +7.4% | +8.5% | -1.1% | 100% |
| Q3 2019 | +0.0% | +1.3% | -1.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2021 | $2.7B | 222 |
| Q1 2021 | $2.4B | 217 |
| Q4 2020 | $2.3B | 213 |
| Q3 2020 | $2.0B | 208 |
| Q2 2020 | $1.8B | 187 |
| Q1 2020 | $1.5B | 177 |
| Q4 2019 | $1.9B | 192 |
| Q3 2019 | $1.8B | 191 |
| Q2 2019 | $1.7B | 199 |
| Q1 2019 | $1.7B | 197 |
| Q4 2018 | $1.4B | 187 |