Top 20 Holdings

Composite holdings are as 09/30/2020. 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
Meritage Homes CorporationHousehold Durables4.70
Dow Inc. Chemicals4.38
Apple Inc.Technology Hardware, Storage, & Peripherals3.97
Microchip Technology Inc. Semiconductors & Equipment3.96
Microsoft Corporation Software3.88
Lennar Corp. Class AHousehold Durables3.87
SPDR Gold Shares Exchange Traded Funds3.84
Broadcom Inc.Semiconductors & Equipment3.56
McKesson CorporationHealthcare Providers & Services3.17
UnitedHealth Group, Inc. Health Care Providers & Services3.13
Mastec Inc. Construction & Engineering3.00
Berkshire Hathaway Class BDiversified Financial Services2.99
Bristol-Myers Squibb Co.Pharmaceuticals2.94
Jazz Pharmaceuticals PLCPharmaceuticals2.79
Lockheed Martin CorpAerospace & Defense2.79
Gilead Sciences, Inc. Biotechnology 2.75
CVS Health CorpHealth Care Providers & Services 2.62
Cameco CorporationOil, Gas & Consumable Fuels2.56
NMI HoldingsThrifts & Mortgage Finance2.45
Alliance Data Systems CorpIT Services2.18

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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