Edgewood Large Cap Growth: Portfolio Overview
Portfolio Characteristics as of 12/31/2018*
|Market Cap Mean (Billions)*||$155*||$46|
|Number of Holdings||22||505+|
|Most Recent Quarter YoY EPS Growth||32%^||26%|
|Sales Growth (3 Years Historical)*||18%||6%|
|Long Term EPS Growth***||18%||23%|
* All portfolio characteristics produced by Bloomberg and are rounded to the nearest whole number.
^ Edgewood’s calculation using (i) Adjusted Funds from operations per share figures for American Tower and Equinix’s EPS figures as we believe they are the most relevant valuation metric and (ii) Netflix’s YoY EPS Growth is excluded from the portfolio average as we feel that it artifically inflates the average growth rate of the portfolio.
*** Bloomberg estimates using the weighted average calculation methodology for Edgewood and the index fundamental value methodology for the S&P 500.
+ Provided by S&P Dow Jones Indices. The S&P 500 is an unmanaged index with no expenses which covers 500 industrial, utility, transportation and financial companies of US markets. It is a capitalization-weighted index calculated on a total returns basis with dividends reinvested.
Five Largest Portfolio Holdings as of 12/31/2018*
|American Tower Corp.|
|CME Group Inc.|
|PayPal Holdings Inc.|
* Holdings are subject to change. Holdings are provided as of December 31, 2018, and represent the most recent information available to the public. Portfolio holdings are shown in alphabetical order. This information is supplemental to Edgewood's Annual Disclosure Presentation. The specific securities identified and described do not represent all of the securities purchased, sold or recommended for advisory clients, and the reader should not assume that investment in the securities identified were or will be profitable.
Sector Breakdown as of 12/31/2018**
|Media & Advertising||2.3|
* Sectors defined by Edgewood's Investment Committee and are rounded to the nearest tenth.
Market Cap Exposure (In $Billions) as of 12/31/2018*
|Less than $20||4%|
* Market cap exposure rounded to the nearest percentage and is for the equity portion of the portfolio
Edgewood Management LLC claims compliance with the Global Investment Performance Standards (GIPS). To receive a complete list and description of Edgewood Management LLC’s composites and/or fully compliant presentation that adheres to the GIPS standards, contact Kitty McBride at 212-652-9100, or write to Edgewood Management LLC, 535 Madison Avenue, 15th Fl., New York, NY 10022 or KMcBride@Edgewood.com.