DF DENT & CO INC Just Released Its Q3 2015 Stock Positions

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Df Dent & Co Inc Equities Analysis

Df Dent & Co Inc just filed its quarterly 13F. Dated 26/12/2015, the 13f form reveals the institutional investor has a portfolio value of $3.53 billion, representing a decrease of $172.00 million from the previous quarter when it was $3.70 billion. Note: This filling reprents only assets that which are listed in the US.

Portfolio Q32015
Market Value:$3,528,918,000
Previous Mkt Value:$3,700,922,000
Chg Mkt Value %:-4.65 %
Sentiment:
Turnover %:2.29 %
Stocks Activity
New Purchases:13
Additional Purchases:75
Sold out:38
Reduced:55
Top 10 Holdings %:36.42%

Fund New Holdings

In this quarter, Df Dent & Co Inc new positions included Cl C (ALPHABET INC) for $61.18 million, Teladoc Inc for $651,000, Rush Enterprises Inc Cl A (RUSHA) for $441,000, Amgen Inc Com (AMGN) for $352,000 and Ishares S&P 500 Growth Index (IVW) for $322,000. These were the 5 biggest new positions. In total the institutional investor bought 13 new stocks.

Portfolio New Buys

Top 5 New Buys
Cl C1.73%
Teladoc Inc0.02%
Rush Enterprises Inc Cl A0.01%
Amgen Inc Com0.01%
Ishares S&P 500 Growth Index0.01%
13F Sector Allocation
Industrials28 %
Information Technology22 %
Finance18 %
Consumer Discretionary13 %
Health Care10 %

Increased Positions

As shown in this 13f form the institutional investor raised its stakes in Moodys Corp Com (MCO) by 7% to $122.13 million, Ecolab Inc Com (ECL) by 6% to $116.48 million, Pra Group Inc Com (PRAA) by 12% to $100.96 million, Imax Corp Com (IMAX) by 29% to $113.65 million and Verisk Analytics Inc Cl A (VRSK) by 5% to $109.86 million. Df Dent & Co Inc also acquired smaller stakes in Carmax Inc Com (KMX) by 22.87% to $94.34 million, Intuitive Surgical Inc Com New (ISRG) by 8.43% to $80.26 million and Waste Connections Inc Com (WCN) by 7.00% to $83.85 million. Building positions gradually is normal trading practice for many funds.

Sold Positions

This fund sold out its stakes in Panera Bread Co Cl A (PNRA), Concho Res Inc Com (CXO), Tractor Supply Co Com (TSCO), Amphenol Corp New Cl A (APH) and Cerner Corp Com (CERN). These securities constituted 0.10 %, 0.09 %, 0.06 %, 0.05 % and 0.05 % of the fund’s portfolio, respectively. We can only speculate about the reasons for the selling but we believe it has to do with either value, momentum or a better place for Df Dent & Co Inc’s capital.

Portfolio Sold All

Reduced Positions

The fund also reduced its postitons in Ansys Inc Com (ANSS) by -1.72%, Sei Investments Co Com (SEIC) by -12.26%, Red Hat Inc Com (RHT) by -0.23%, Markel Corp Com (MKL) by -17.87% and Fastenal Co Com (FAST) by -6.26%.

Top 3 Holdings

Ansys Inc Com (ANSS), Lkq Corp Com (LKQ) and Sei Investments Co Com (SEIC) made up the majority of Df Dent & Co Inc’s total US long portfolio in Q3 2015. These securities were top 3 and constitute 12.99% of Df Dent & Co Inc’s US-listed securities. The top 10 securities make about 36.42% of the fund’s portfolio.

Portfolio Top Holdings

The image above provides an overview of Df Dent & Co Inc’s top 10 US-listed positions in Q3 2015.

13F Sector Allocation

Industrials Sector Df Dent & Co Inc - Df Dent & Co Inc raised the industrials sector from 27 % to 28 %. According to the 13f form, the fund also has securities for 13 % in the consumer discretionary sector. The health care sector is 10 % of Df Dent & Co Inc’s 13f assets. The fund reduced the Finance and Information Technology sector positions by 18 % and 40 %, respectively.

So these are Q3 2015 fund’s sector weights now: industrials 28 % for $988.10 million, information technology 22 % for $776.36 million, finance 18 % for $635.21 million, consumer discretionary 13 % for $458.76 million, health care 10 % for $352.89 million, materials 4 % for $141.16 million, utilities & telecommunications 2 % for $70.58 million, energy 1 % for $35.29 million and consumer staples 1 % for $35.29 million.

Important Position Changes

Top 10 Q3 2015 New Positions: Cl C (ALPHABET INC), Teladoc Inc, Rush Enterprises Inc Cl A (RUSHA), Amgen Inc Com (AMGN), Ishares S&P 500 Growth Index (IVW), Welltower Inc, Care Communities Properties, Kimberly Clark Corp Com (KMB), Mcbc Hldgs Inc Com and Blackrock Enhanced Eqt Div Tr (BDJ).

Top 10 Q3 2015 Sold Out Completely: Panera Bread Co Cl A (PNRA), Concho Res Inc Com (CXO), Tractor Supply Co Com (TSCO), Amphenol Corp New Cl A (APH), Cerner Corp Com (CERN), Intuit Com (INTU), Xoom Corp Com (XOOM), Affiliated Managers Group Com (AMG), Church & Dwight Inc Com (CHD) and Dealertrack Technologies Inc C (TRAK).

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Download the full 13F form in CSV: Q3-2015-Df-Dent-Co-Inc-13F-Portfolio-Stock-Holdings.csv

Research more Maryland hedge funds in our free database. Read ‘What is a Hedge Fund’ at our Hedge Funds resource page.

13F Filing Link: 000093499915000015

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