13F filing recap · Q2 2016

What did Torray Investment Partners buy in Q2 2016?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Torray account, including accounts that belong to no fund below.

Stock value

$1.32B

Positions

Estimated turnover

45.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

HBIHanesbrands Inc$24.17Mreported value+961.8K shares HPQHP Inc.$7.18Mreported value+572.0K shares LMTLockheed Martin Corporation$1.44Mreported value+5.8K shares PMPhilip Morris International Inc.$1.18Mreported value+11.6K shares MRKMerck & Co., Inc.$1.18Mreported value+20.5K shares DUKDuke Energy Corporation$1.12Mreported value+13.0K shares ERIEErie Indemnity Company$862.0Kreported value+8.7K shares LYBLyondellbasell Industries N.v.$735.0Kreported value+9.9K shares MSFTMicrosoft Corporation$674.0Kreported value+13.2K shares SESpectra Energy Corp$612.0Kreported value+16.7K shares ABBVAbbvie Inc.$560.0Kreported value+9.1K shares QCOMQualcomm Inc/de$552.0Kreported value+10.3K shares PSXPhillips 66$474.0Kreported value+6.0K shares CMICummins Inc$426.0Kreported value+3.8K shares SOSouthern Co$402.0Kreported value+7.5K shares PAAPlains All American Pipeline LP$392.0Kreported value+14.3K shares SLBSlb Limited/nv$374.0Kreported value+4.7K shares EPDEnterprise Products Partners L.p.$351.0Kreported value+12.0K shares GSKGsk Plc$336.0Kreported value+7.8K shares PAGPPlains Gp Holdings LP$287.0Kreported value+27.5K shares VZVerizon Communications Inc$285.0Kreported value+5.1K shares DISWalt Disney Co/$232.0Kreported value+2.4K shares NLSNNielsen Holdings Plc$211.0Kreported value+4.1K shares KMIKinder Morgan, Inc.$202.0Kreported value+10.8K shares

Increased positions

TAT&T Inc.$19.76Mreported value+35.6K shares+8.4%GEGeneral Electric Company$17.24Mreported value+3.2K shares+0.6%JNJJohnson & Johnson$13.80Mreported value+605 shares+0.5%IBMInternational Business Machines Corp$13.77Mreported value+485 shares

Reduced positions

GOOGLAlphabet Inc.$48.74Mreported value-39.1K shares-36.1%DHRDanaher Corporation$47.76Mreported value-331.0K shares-41.2%FISVFiserv Inc$45.80Mreported value-312.7K shares-42.6%AAPLApple Inc.$41.55Mreported value-356.9K shares

Exited positions

ESRXExpress Scripts Holding Co$59.10Mprior reported value-860.4K shares-100.0%HPQHP Inc.$7.05Mprior reported value-572.0K shares-100.0%