13 February, 2024 (16:00:00 EST)

Douglass Winthrop Advisors files SEC Form 13F: Q4 2023 - Assets Under Management as reported: up 10.9% in the past quarter
Corporate Wire Date: Tuesday February 13, 2024 03:21 EST


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Douglass Winthrop Advisors (CIK: 0001308527) filed their SEC Form 13F on Monday, February 12. Assets Under Management (AUM) were disclosed at $4,477.3 million as at 31 December, 2023; a rise of $439 million (or 10.9%).

Quarter-endedDec 31 [Q4/2023]Sep 30 [Q3/2023]
$ million4,4774,038


The market value of the Institution's holdings is up $507.4 million (12.0%) in the 43 days from December 31 to February 12.

Douglass Winthrop Advisors was last ranked on November 17, 2023 soon after deadline date of Day 45 based on an analysis of completed Filings from Day 1 to Day 45 for Q3 2023 by 6575 Funds as at September 30, 2023.

It's rank by Assets Under Management (AUM) is 690 out of 6575 Funds. This corresponds to a percentile rank by AUM as reported of 90. This means there are 10% of FUNDS who have AUM greater than Douglass Winthrop Advisors.

The next date of analysis and ranking of December 31, 2023 holdings is expected to be February 17.

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FUND DASHBOARD: DOUGLASS WINTHROP ADVISORS, LLC
Past quarter Change in Reported AUMAssets Under Management as reported: up $0.4 billion or 10.9% in the past quarter
Sequential change % Q4/2023 vs Q3/2023 vs Q2/2023Shares: 10.7 vs (1.2) vs 9.4; ETFs: 15.7 vs 23.5 vs 151.1; ADRs: 5.7 vs (3.1) vs 6.1
Top Bets: 70% invested in 19 stocks Berkshire Hathaway Class B (BRK.B) [8%]; Microsoft (MSFT) [6%]; Alphabet Class C (GOOG) [6%]; MasterCard (MA) [4%]; Costco (COST) [4%]; Amazon (AMZN) [4%]; Apple (AAPL) [4%]; Netflix (NFLX) [3%]; Uber (UBER) [3%]; Markel Group (MKL) [3%]; Sherwin-Williams (SHW) [3%]; TransDigm Group (TDG) [3%]; Fastenal (FAST) [3%]; S&P Global (SPGI) [3%]; Roper Technologies (ROP) [3%]; Aon (AON) [3%]; UnitedHealth Group (UNH) [3%]; Zoetis (ZTS) [2%]; Deere & Company (DE) [2%]
Central Index Key or CIK number 1308527
LocationNew York, NY, USA

AUM: Assets Under Management

Sequential change Q4/2023 vs Q3/2023 vs Q2/2023
In comparison with the previous sequential quarter [Q3/2023], Q4/2023 investment in Shares was up 10.7%, in ADRs was up 5.7% and in ETFs was up 15.7%.
Quarter-ended31 Dec [Q4/2023]30 Sep [Q3/2023]30 Jun [Q2/2023]
Shares, USD$4.1 billion$3.7 billion$3.7 billion
Sequential growth in Shares %10.7(1.2)9.4
ETFs, USD$12.1 million$10.5 million$8.5 million
Sequential growth in ETFs %15.723.5151.1
ADRs, USD$161.7 million$153 million$157.9 million
Sequential growth in ADRs %5.7(3.1)6.1


Year-over-year change Q4/2023 vs Q4/2022
In comparison with the previous corresponding period [PCP; Q4/2022], Q4/2023 investment in Shares was up 22.9%, in ADRs was up 18.9% and in ETFs was up 346.0%.
Quarter-ended31 Dec [Q4/2023]31 Dec [Q4/2022]
Shares, USD$4.1 billion$3.3 billion
PCP growth in Shares %22.9(0.9)
ETFs, USD$12.1 million$2.7 million
PCP growth in ETFs %346(12.7)
ADRs, USD$161.7 million$136 million
PCP growth in ADRs %18.9-

DOUGLASS WINTHROP ADVISORS HOLDINGS IN SHARES

Top 20 Shares (Value based on Dec 31 price; 71.4% of $4.1 billion)

Company (CODE)SharesDec 31 PriceValue, $ million% of Shares
Berkshire Hathaway Inc. (BRK.B)900,110356.663217.9
Microsoft Corporation (MSFT)651,035376.04244.86.02
Alphabet Inc (GOOG)1,589,914140.93224.15.51
Mastercard Inc. (MA)410,905425.841754.31
Costco Wholesale Corporation (COST)253,731659.11167.24.11
Apple Inc. (AAPL)838,941192.28161.33.97
Amazon.com, Inc. (AMZN)1,022,738151.94155.43.82
Markel Group Inc. (MKL)89,9031,419.9127.73.14
Netflix, Inc. (NFLX)259,402486.88126.33.11
Uber Technologies Inc (UBER)2,036,91861.57125.43.09
Sherwin-Williams Company (SHW)385,920311.9120.42.96
S&P Global Inc (SPGI)260,036440.52114.52.82
Roper Technologies, Inc. (ROP)202,491544.39110.22.71
UnitedHealth Group Inc. (UNH)208,971526.471102.71
TransDigm Group Incorporated (TDG)105,4561,011.6106.72.62
Zoetis Inc. (ZTS)537,007196.92105.82.6
Deere & Company (DE)261,348399.87104.52.57
Aon PLC (AON)354,376290.42102.92.53
Fastenal Company (FAST)1,593,17364.4102.62.52
IQVIA Holdings, Inc. (IQV)420,378231.3897.32.39
Total  2.9B71.4


Top 15 increases in Shares (Value of Shares):

+ Boosted stakes in: MSFT, NFLX, AMZN, COST, SHW, TDG, FAST, MLM

Company (CODE)Sep 30 values millionDec 31 values millionDec 31 value less Sep 30 value million% increase in value from Sep 30 to Dec 31
Microsoft Corporation (MSFT)210.4244.834.416.36
Uber Technologies Inc (UBER)91.3125.434.137.3
Netflix, Inc. (NFLX)98.2126.328.128.64
Amazon.com, Inc. (AMZN)128.4155.42721.05
Costco Wholesale Corporation (COST)142.3167.224.917.49
Sherwin-Williams Company (SHW)97.5120.422.823.4
S&P Global Inc (SPGI)93.9114.520.722.04
TransDigm Group Incorporated (TDG)88.7106.717.920.23
Fastenal Company (FAST)85.7102.616.919.68
Martin Marietta Materials, Inc. (MLM)7793.516.521.43
Apple Inc. (AAPL)145.4161.315.910.97
IQVIA Holdings, Inc. (IQV)83.297.31416.85
Zoetis Inc. (ZTS)93.3105.812.513.38
Roper Technologies, Inc. (ROP)97.9110.212.312.61
Alphabet Inc (GOOG)213.2224.110.85.09
Total2.1B2.5B355.2M 


FAVORITES: KEEPS BUYING: UBER, SPGI

Top 8 decreases in Shares (Value of Shares):

+ Cut stakes in: TXN, AON, MKL, XOM, DHR, NEE, JNJ, PEP

Company (CODE)Sep 30 values millionDec 31 values millionDec 31 value less Sep 30 value% decrease in value from Sep 30 to Dec 31
Texas Instruments Incorporated (TXN)7663.612.4M16.31
Aon PLC (AON)114.1102.911.15M9.78
Markel Group Inc. (MKL)130.1127.72.44M1.88
Exxon Mobil Corporation (XOM)9.98.51.39M14.08
Danaher Corporation (DHR)18.1171.07M5.89
Nextera Energy, Inc. (NEE)8.17.9113,8821.41
Johnson & Johnson (JNJ)1817.945,1980.25
PepsiCo, Inc. (PEP)8.58.541,9130.49
Total382.7M354M28.7M 


Top 2 new buys in Shares:

+ Top new buys: MCO, JPM

Company (CODE)SharesValue, $ million
Moody's Corporation (MCO)20,0757.8
JPMorgan Chase & Co. (JPM)43,3407.3
Total 15.2M


Top 2 exits in Shares:

+ Top exits: ADSK, AJG

Company (CODE)SharesValue, $ million
Autodesk, Inc. (ADSK)29,5217.2
Arthur J. Gallagher & Co. (AJG)30,8276.9
Total 14.1M


Heavyweight Unrealised Profits in Shares
CompanySharesUnrealised Profit, USD*
Berkshire Hathaway Class B900,11036.95M
Microsoft651,03525.53M
Amazon1.02M20.86M
Netflix259,40218.41M
Costco253,73116.06M
Uber2.04M15.38M
MasterCard410,90513.51M
Alphabet Class C1.59M12.4M
TransDigm Group105,45610.29M
Fastenal1.59M8.93M
Aon354,3766.95M
Merck404,8166.61M
Tractor Supply310,8816.58M
Martin Marietta Materials187,3276.25M
Berkshire Hathaway Class A965.23M
American Express145,5393.71M
Alphabet Class A366,6442.87M
Markel Group89,9032.16M
NVIDIA8,3251.89M
United Rentals15,8081.42M

*Note
Unrealised profit is computed on the basis of current market prices of securities held less prices at end of Q4/2023 (Dec 31, 2023)

Heavyweight Unrealised Losses in Shares
CompanySharesUnrealised Loss, USD*
Forge Global Holdings5.04M7.96M
IQVIA Holdings420,3785.68M
Apple838,9414.31M
Texas Instruments376,1573.03M
S&P Global260,0362.86M
Deere & Company261,3482.74M
Texas Pacific Land Trust25,6112.72M
Monster Beverage1.48M2.48M
UnitedHealth Group208,9711.85M
Mettler-Toledo62,2021.43M
NIKE Class B834,2871.16M
Tesla14,814894,025
Sherwin-Williams385,920571,162
Roper Technologies202,491420,839
NextEra Energy130,800417,252
3M18,441270,898
Charter Communications Class A2,545231,010
Archer Daniels Midland12,952230,590
Boeing3,275168,106
Intel24,026145,913

*Note
Unrealised loss is computed on the basis of current market prices of securities held less prices at end of Q4/2023 (Dec 31, 2023)

DOUGLASS WINTHROP ADVISORS SECTORAL ALLOCATION OF PORTFOLIO

Douglass Winthrop Advisors Top 10 Sector Distribution of Investments

$ Value and % of Total Holdings as on December 31, 2023 vs September 30, 2023
Sector$ million December 31, 2023% December 31, 2023$ million September 30, 2023% September 30, 2023
Software & IT Services820.820.2707.219.3
Insurance614.215.1620.516.9
Healthcare Services437.610.8393.810.7
Retailers251.56.2218.66.0
Industrial Goods249.46.1221.56.0
Cyclical Consumer Products198.44.9171.14.7
Food & Beverages171.24.2161.24.4
Industrial & Commercial Services139.63.4114.63.1
Cyclical Consumer Services135.43.3108.33.0
Pharmaceuticals & Medical Research75.61.971.92.0
Total3.09B76.12.79B76

Boosted stakes in:

Top 3 Heavyweight Sectors [desc order of increase in %]

+ Insurance from 15.1% to 16.9% [added 1.8%]

+ Food & Beverages from 4.2% to 4.4% [strengthened 0.2%]

+ Pharmaceuticals & Medical Research from 1.9% to 2.0% [augmented 0.1%]

Cut stakes in:

Top 7 Heavyweight Sectors [desc order of decrease in %]

+ Software & IT Services from 20.2% to 19.3% [slid 0.9%]

+ Cyclical Consumer Services from 3.3% to 3.0% [slid 0.4%]

+ Industrial & Commercial Services from 3.4% to 3.1% [dropped 0.3%]

+ Retailers from 6.2% to 6.0% [dropped 0.2%]

+ Cyclical Consumer Products from 4.9% to 4.7% [declined 0.2%]

+ Industrial Goods from 6.1% to 6.0% [declined 0.1%]

+ Healthcare Services from 10.8% to 10.7% [trimmed 0.04%]

DOUGLASS WINTHROP ADVISORS HOLDINGS IN ADRs

Top 16 ADRs (Value based on Dec 31 price; 100% of $161.7 million)

Company (CODE)ADRsDec 31 PriceValue, $% of ADRs
Nestle S.A. (NSRGY)952,065115.63110.09M67.9
Taiwan Semiconductor Manufacturing Company Ltd. (TSM)86,3481048.98M5.54
ASML Holdings N.V. (ASML)10,938755.588.26M5.1
L'Oreal (LRLCY)79,65299.417.92M4.88
Schneider Electric SE (SBGSY)189,21040.237.61M4.69
Siemens AG (SIEGY)76,68990.936.97M4.3
Airbus SE (EADSY)143,80238.575.55M3.42
Diageo PLC (DEO)17,164145.662.5M1.54
BP PLC (BP)41,80235.41.48M0.91
Novartis AG (NVS)6,938100.97700,5300.43
Unilever PLC (UL)11,56848.48560,8170.35
TotalEnergies SE (TTE)6,40067.38431,2320.27
Heineken NV (HEINY)7,05050.98359,4090.22
ICICI Bank Limited (IBN)10,29423.84245,4090.15
BHP Group Limited (BHP)3,50068.31239,0850.15
Roche Holding Limited (RHHBY)6,45436.23233,8280.14
Total  162.1M100


Top 10 increases in ADRs (Value of ADRs):

+ Boosted stakes in: NSRGY, ASML, SIEGY, LRLCY, TSM, SBGSY, EADSY, HEINY, RHHBY, IBN

Company (CODE)Sep 30 valuesDec 31 valuesDec 31 value less Sep 30 value% increase in value from Sep 30 to Dec 31
Nestle S.A. (NSRGY)107.19M110.09M2.9M2.7
ASML Holdings N.V. (ASML)6.92M8.26M1.35M19.48
Siemens AG (SIEGY)5.78M6.97M1.19M20.6
L'Oreal (LRLCY)6.8M7.92M1.11M16.38
Taiwan Semiconductor Manufacturing Company Ltd. (TSM)8.07M8.98M912,95611.32
Schneider Electric SE (SBGSY)6.85M7.61M766,29511.19
Airbus SE (EADSY)4.96M5.55M585,93111.81
Heineken NV (HEINY)337,977359,40921,4326.34
Roche Holding Limited (RHHBY)218,984233,82814,8446.78
ICICI Bank Limited (IBN)237,997245,4097,4123.11
Total147.4M156.2M8.9M 


Top 4 decreases in ADRs (Value of ADRs):

+ Cut stakes in: BP, NVS, UL

Company (CODE)Sep 30 valuesDec 31 valuesDec 31 value less Sep 30 value% decrease in value from Sep 30 to Dec 31
Diageo PLC (DEO)2.75M2.5M252,1149.16
BP PLC (BP)1.6M1.48M118,5537.42
Novartis AG (NVS)706,731700,5306,2010.88
Unilever PLC (UL)565,902560,8175,0850.9
Total5.6M5.2M381,953 


KEEPS SELLING PATTTERN: DEO

Top 2 new buys in ADRs:

+ Top new buys: TTE, BHP

Company (CODE)ADRsValue, $
TotalEnergies SE (TTE)6,400431,232
BHP Group Limited (BHP)3,500239,085
Total 670,317


Heavyweight Unrealised Profits in ADRs
CompanyADRsUnrealised Profit, USD*
Taiwan Semiconductor Manufacturing86,3482.28M
ASML Holdings10,9381.9M
Schneider Electric SE189,210338,686
Airbus143,802237,273
BP41,80243,056
Unilever11,56824,408
Diageo17,16419,910
ICICI Bank10,294412

*Note
Unrealised profit is computed on the basis of current market prices of securities held less prices at end of Q4/2023 (Dec 31, 2023)

Heavyweight Unrealised Losses in ADRs
CompanyADRsUnrealised Loss, USD*
Nestle952,0654.79M
L'Oreal79,652561,547
Siemens76,689145,268
BHP3,50027,510
Roche Holding6,45423,428
Novartis6,9383,053
Heineken NV7,0502,115

*Note
Unrealised loss is computed on the basis of current market prices of securities held less prices at end of Q4/2023 (Dec 31, 2023)

DOUGLASS WINTHROP ADVISORS HOLDINGS IN ETFs

Top 14 ETFs (Value based on Dec 31 price; 86.7% of $12.1 million)

ETF (CODE)UnitsDec 31 PriceValue, $% of Units
Vanguard Information Technology ETF (VGT)4,6004842.23M18.4
Vanguard S&P 500 ETF (VOO)4,810436.82.1M17.36
SPDR S&P 500 ETF Trust (SPY)3,927475.311.87M15.42
iShares MSCI EAFE ETF (EFA)8,48575.35639,3455.28
iShares Russell 1000 Index Fund (IWB)2,040262.26535,0104.42
SPDR S&P MidCap 400 ETF Trust (MDY)1,000507.38507,3804.19
iShares Russell Mid-Cap Value ETF (IWS)4,000116.29465,1603.84
SPDR Gold Trust (GLD)2,221191.17424,5893.51
iShares Core S&P 500 ETF (IVV)867477.63414,1053.42
iShares S&P MidCap 400 Index Fund (IJH)1,054277.15292,1162.41
iShares Core S&P Total US Stock Market ETF (ITOT)2,605105.23274,1242.27
iShares Preferred & Income Securities ETF (PFF)8,20031.01254,3222.1
Alerian MLP ETF (AMLP)6,00041.67250,0192.07
iShares MSCI Emerging Markets Index Fund (EEM)6,00040.21241,2601.99
Total  10.5M86.7


Top 12 increases in ETFs (Value of Units):

+ Boosted stakes in: VOO, SPY, VGT, META, IWB, MDY, AMLP, IVV, PFF, IJH

ETF (CODE)Sep 30 valuesDec 31 valuesDec 31 value less Sep 30 value% increase in value from Sep 30 to Dec 31
Vanguard S&P 500 ETF (VOO)973,8062.1M1.13M115.75
SPDR S&P 500 ETF Trust (SPY)1.58M1.87M283,60317.92
Vanguard Information Technology ETF (VGT)1.97M2.23M256,77513.04
Meta Platforms Inc (META)1.36M1.61M245,90218.03
iShares Russell 1000 Index Fund (IWB)477,431535,01057,57912.06
SPDR S&P MidCap 400 ETF Trust (MDY)454,939507,38052,44111.53
Alerian MLP ETF (AMLP)202,469250,01947,55023.49
iShares Core S&P 500 ETF (IVV)370,815414,10543,29011.67
iShares Preferred & Income Securities ETF (PFF)218,079254,32236,24316.62
iShares S&P MidCap 400 Index Fund (IJH)261,673292,11630,44311.63
iShares Core S&P Total US Stock Market ETF (ITOT)244,272274,12429,85212.22
iShares MSCI Emerging Markets Index Fund (EEM)223,462241,26017,7987.96
Total8.3M10.6M2.2M 


Top 3 decreases in ETFs (Value of Units):

+ Cut stakes in: GLD, EFA, IWS

ETF (CODE)Sep 30 valuesDec 31 valuesDec 31 value less Sep 30 value% decrease in value from Sep 30 to Dec 31
SPDR Gold Trust (GLD)451,085424,58926,4965.87
iShares MSCI EAFE ETF (EFA)644,663639,3455,3180.82
iShares Russell Mid-Cap Value ETF (IWS)467,154465,1601,9940.43
Total1.6M1.5M33,808 


Heavyweight Unrealised Profits in ETFs
CompanyUnitsUnrealised Profit, USD*
Meta Platforms Inc4,547522,632
Vanguard Information Technology4,600157,274
Vanguard S&P 5004,810113,805
SPDR S&P 5003,927100,806
iShares Russell 1000 Index Fund2,04027,703
iShares Core S&P 50086722,325
iShares Core S&P Total US Stock Market2,60513,520
Alerian MLP6,00013,021
SPDR S&P MidCap 4001,00010,380
iShares Preferred & Income Securities8,2008,816
iShares S&P MidCap 400 Index Fund1,0546,060
iShares Russell Mid-Cap Value4,0003,240
iShares MSCI EAFE8,485679

*Note
Unrealised profit is computed on the basis of current market prices of securities held less prices at end of Q4/2023 (Dec 31, 2023)

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DOUGLASS WINTHROP ADVISORS IDENTIFIERS

CIK: 0001308527
PermID: 4296131467

Contact Details
Business Address535 FIFTH AVENUE 22ND FLOOR NEW YORK NY 10017
CountryUnited States
Telephone212-557-7680


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