Bollard Group LLC
Long book
$3.27B
Q1 2026
Positions
303
Top-10 weight
68%
concentration
Last quarter
-2.9%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsBollard Group LLC is an institutional manager, running a $3.27B US long book across 303 positions.
The portfolio is concentrated: the top 10 names carry 68% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: BOSTON SCIENTIFIC CORP, ELI LILLY & CO, CATERPILLAR INC, AMAZON.COM INC, SOUTHERN COPPER CORP.
Over the last 9 quarters its long book ran on average 3.4pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+7.2%
Q2 2024
+7.2%
Q3 2024
+2.5%
Q4 2024
+5.9%
Q1 2025
+5.6%
Q2 2025
-2.9%
Q3 2025
+3.0%
Q4 2025
-15.8%
Q1 2026
-2.9%
Sector allocation
Healthcare 44%
Utilities 11%
Technology 9%
Industrials 8%
Consumer discretionary 7%
Energy 5%
Materials 5%
Financials 5%
Long book by quarter
What does Bollard Group own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 18.5M | $1.16B | 35.5% | -2.5% |
| LLY ELI LILLY & CO | Healthcare | 190.7K | $175.4M | 5.4% | -3.8% |
| CAT CATERPILLAR INC | Industrials | 229.1K | $162.3M | 5.0% | +14.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 754.2K | $157.1M | 4.8% | +0.7% |
| SCCO SOUTHERN COPPER CORP | Materials | 862.0K | $148.3M | 4.5% | +14.0% |
| GOOG ALPHABET INC-CL C | Technology | 427.7K | $122.7M | 3.7% | +0.6% |
| MSFT MICROSOFT CORP | Technology | 284.2K | $105.2M | 3.2% | -2.2% |
| OKE ONEOK INC | Utilities | 721.8K | $65.2M | 2.0% | +15.1% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 1.6M | $61.3M | 1.9% | -0.3% |
| IT GARTNER INC | Services media | 364.5K | $57.7M | 1.8% | +35.1% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 421.3K | $55.2M | 1.7% | +7.0% |
| JPM JPMORGAN CHASE & CO | Financials | 146.6K | $43.1M | 1.3% | +15.1% |
| MS MORGAN STANLEY | Financials | 247.5K | $40.7M | 1.2% | +14.0% |
| WMT WALMART INC | Consumer discretionary | 327.5K | $40.7M | 1.2% | +15.1% |
| MSGS MADISON SQUARE GARDEN SPORTS | Services media | 121.0K | $38.9M | 1.2% | Held |
| SO SOUTHERN CO/THE | Utilities | 340.1K | $32.8M | 1.0% | +5.6% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 62.1K | $30.5M | 0.9% | +0.2% |
| DE DEERE & CO | Industrials | 50.0K | $28.2M | 0.9% | -0.5% |
| CVX CHEVRON CORP | Energy | 135.4K | $28.0M | 0.9% | +3.5% |
| PAA PLAINS ALL AMER PIPELINE LP | Energy | 1.2M | $27.1M | 0.8% | +7.7% |
| KKR KKR & CO INC | Financials | 281.3K | $26.0M | 0.8% | +0.1% |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 311.4K | $25.2M | 0.8% | -4.6% |
| NVDA NVIDIA CORP | Technology | 144.3K | $25.2M | 0.8% | -1.4% |
| EMR EMERSON ELECTRIC CO | Industrials | 181.8K | $23.8M | 0.7% | +0.6% |
| KMI KINDER MORGAN INC | Utilities | 705.7K | $23.7M | 0.7% | -0.2% |
| DUK DUKE ENERGY CORP | Utilities | 177.6K | $23.3M | 0.7% | -5.0% |
| MPLX MPLX LP | Energy | 405.7K | $23.2M | 0.7% | +14.8% |
| PSX PHILLIPS 66 | Energy | 109.3K | $19.9M | 0.6% | -0.4% |
| COP CONOCOPHILLIPS | Energy | 148.5K | $19.6M | 0.6% | +5.0% |
| ET ENERGY TRANSFER LP | Utilities | 956.4K | $18.5M | 0.6% | +17.9% |
| VLO VALERO ENERGY CORP | Energy | 73.2K | $18.1M | 0.6% | +17.3% |
| KO COCA-COLA CO/THE | Consumer staples | 221.3K | $16.8M | 0.5% | -2.8% |
| MRK MERCK & CO. INC. | Healthcare | 138.8K | $16.7M | 0.5% | +5.1% |
| AAPL APPLE INC | Technology | 64.2K | $16.3M | 0.5% | +4.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 55.7K | $13.6M | 0.4% | +11.6% |
| TSLA TESLA INC | Industrials | 35.3K | $13.1M | 0.4% | +1.9% |
| FE FIRSTENERGY CORP | Utilities | 247.8K | $12.6M | 0.4% | +15.6% |
| META META PLATFORMS INC-CLASS A | Technology | 20.5K | $11.7M | 0.4% | +3.1% |
| ENB ENBRIDGE INC | Energy | 214.6K | $11.6M | 0.4% | +7.6% |
| GOOGL ALPHABET INC-CL A | Technology | 37.4K | $10.8M | 0.3% | +9.3% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 61.2K | $10.1M | 0.3% | +0.6% |
| GS GOLDMAN SACHS GROUP INC | Financials | 11.8K | $10.0M | 0.3% | +0.5% |
| FTS FORTIS INC | Utilities | 175.5K | $9.8M | 0.3% | +17.0% |
| V VISA INC-CLASS A SHARES | Services media | 31.9K | $9.7M | 0.3% | +22.3% |
| BAC BANK OF AMERICA CORP | Financials | 192.9K | $9.4M | 0.3% | +11.3% |
| TECX TECTONIC THERAPEUTIC INC | Healthcare | 303.0K | $9.4M | 0.3% | Held |
| LOW LOWE'S COS INC | Consumer discretionary | 37.6K | $8.9M | 0.3% | +22.4% |
| NI NISOURCE INC | Utilities | 177.2K | $8.3M | 0.3% | +16.9% |
| ABT ABBOTT LABORATORIES | Healthcare | 79.8K | $8.2M | 0.3% | +16.3% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 115.0K | $7.0M | 0.2% | -8.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 305 | $3.39B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 291 | $4.00B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 271 | $4.26B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 295 | $4.37B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 286 | $3.81B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 289 | $3.61B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 305 | $3.76B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 304 | $3.54B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 305 | $3.31B | $K fixed canonical | SEC ↗ |
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