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About UsTop Ten Holdings
Ten Largest Holdings
As of 12/31/2011
| Holding | Shares | Value | % Common Net Assets* |
|---|---|---|---|
The TJX Companies, Inc.Through its T.J. Maxx and Marshalls divisions, TJX is the leading off-price retailer. The continued growth of these divisions in the U.S. and Europe, along with expansion of related U.S. and foreign off-price formats, provide ongoing growth opportunities. |
1,512,400 | $97,625,420 | 11.0% |
Qualcomm IncorporatedQUALCOMM is a leading developer of intellectual property and semiconductors for the mobile communications industry. The company stands to benefit greatly from the global adoption of mobile data applications. |
700,000 | $38,290,000 | 4.3% |
Epoch Holding CorporationEpoch is a mid-size global asset management firm serving institutions, wealthy individuals and as sub-advisor to a number of mutual funds. The company has a culture of business owner operators with broad and deep experience in security analysis, investment portfolio structuring and business management. Epoch has a very successful history increasing assets under management with a compound annual growth rate of 56.5% over the last seven years. |
1,666,667 | $37,050,007 | 4.2% |
Costco Wholesale CorporationCostco is the world's largest wholesale club with a record of steady growth in sales and profits as it continues to gain share of the consumer dollar. |
394,500 | $32,869,740 | 3.7% |
Arch Capital Group Ltd.Arch Capital, a Bermuda-based insurer/reinsurer, generates premiums of approximately $3.3 billion and has a high quality, well-reserved A-rated balance sheet. This company has a strong management team that exercises prudent underwriting discipline, efficient expense control, and steady capital management resulting in above-average earnings and book value growth. |
875,000 | $32,576,250 | 3.7% |
Diaego plc ADRDiageo produces, distills and markets alcoholic beverages worldwide. The company's portfolio includes Smirnoff, Johnnie Walker, Jose Cuervo, Captain Morgan, Tanqueray and Guinness. Additionally, Diageo markets numerous regional and local brands. The company generates excess cash flow which it uses to acquire different brands, pay dividends and buyback its stock. |
350,000 | $30,597,000 | 3.5% |
Weatherford International Ltd.Weatherford supplies a broad range of oilfield services and equipment on a worldwide basis. Its focus on helping customers to increase production from existing fields and to enhance recovery from new wells should lead to earnings growth. |
2,050,000 | $30,012,000 | 3.4% |
Apache CorporationApache is a large independent oil and gas company with a long history of growing production and creating value for shareholders. The company's operations are primarily focused in North America, Egypt, Australia, and the North Sea. |
296,478 | $26,854,977 | 3.0% |
Republic Services, Inc.Republic Services is a leading provider of non-hazardous, solid waste collection and disposal services in the U.S. The efficient operation of its routes and facilities combined with appropriate pricing enables Republic Services to generate significant free cash flow. |
957,100 | $26,368,105 | 3.0% |
Nestlé S.A.Nestlé is a well-managed geographically diversified global food company with a favorably-positioned product portfolio and an excellent AA-rated balance sheet. Solid volume growth, strong pricing power, expense control and steady capital management yield durable above-average long-term total return potential. |
450,000 | $25,942,680 | 2.9% |
| $378,186,179 | 42.7% |
* Net Assets Applicable to the Company's Common Stock.
