Top 20 Holdings

Composite holdings are as 09/30/2019. For a printer-friendly version of the Composite Performance, Top 20 Holdings, and other Composite data, view the Quarterly Fact Sheet.

CompanyIndustry% of Net Assets
Microsoft Corporation Software5.56
Apple Inc.Technology Hardware, Storage, & Peripherals5.11
Microchip Technology Semiconductors & Equipment3.76
SPDR Gold Shares Exchange Traded Funds3.34
Meritage Homes Corp.Household Durables3.14
McKesson CorporationHealthcare Providers & Services3.05
Berkshire Hathaway Class BDiversified Financial Services3.05
Lockheed Martin CorpAerospace & Defense2.99
CVS Health CorpHealth Care Providers & Services 2.98
Invesco Buyback Achievers Exchange Traded Funds2.96
Alerian MLP Exchange Traded Funds2.96
Alliance Data Systems CorporationIT Services2.91
Gilead Sciences, Inc. Biotechnology 2.87
Broadcom Inc.Semiconductors & Equipment2.80
Annaly Capital Management Inc. Mortgage Real Estate Investment Trusts 2.75
Celgene CorporationBiotechnology2.69
Cameco CorporationOil, Gas & Consumable Fuels2.60
Acuity Brands Inc. Electrical Equipment2.07
Cognizant Tech Solutions - AIT Services2.05
Biogen Idec Inc. Biotechnology 1.82

Composite holdings are subject to change and are not recommendations to buy or sell any security.

Composite Top Twenty Holdings are presented as supplemental information to the fully compliant presentation on the Performance page.

Return on Equity (ROE) is a company’s net income (earnings), divided by the owner’s equity in the business (book value).

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1% (1st million), 0.5% (remainder)


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