CONNING INC.
Long book
$2.90B
Q1 2026
Positions
290
Top-10 weight
16%
concentration
Last quarter
+10.8%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsCONNING INC. is an institutional manager, running a $2.90B US long book across 290 positions.
The portfolio is broadly diversified across 290 positions (top 10 only 16%). Turnover is modest: positions are typically held for years. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, ISHARES CORE S&P 500 ETF, ISHARES CORE S&P SMALL-CAP E, EXXON MOBIL CORP, CONOCOPHILLIPS.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 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
-0.5%
Q2 2024
+9.7%
Q3 2024
-1.4%
Q4 2024
+1.3%
Q1 2025
+2.9%
Q2 2025
+7.1%
Q3 2025
+1.5%
Q4 2025
+4.2%
Q1 2026
+10.8%
Sector allocation
Financials 20%
Technology 16%
Industrials 15%
Healthcare 13%
Energy 9%
Consumer discretionary 9%
Consumer staples 7%
Other 6%
Long book by quarter
What does CONNING INC. own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| XOM EXXON MOBIL CORP | Energy | 258.4K | $43.8M | 1.5% | -14.8% |
| COP CONOCOPHILLIPS | Energy | 313.7K | $41.4M | 1.4% | -11.2% |
| CVX CHEVRON CORP | Energy | 198.6K | $41.1M | 1.4% | -14.4% |
| VLO VALERO ENERGY CORP | Energy | 164.4K | $40.6M | 1.4% | -15.6% |
| JPM JPMORGAN CHASE & CO | Financials | 136.7K | $40.2M | 1.4% | +13.3% |
| MRK MERCK & CO. INC. | Healthcare | 333.0K | $40.1M | 1.4% | -5.7% |
| EOG EOG RESOURCES INC | Energy | 271.9K | $39.3M | 1.4% | -10.0% |
| GLW CORNING INC | Industrials | 279.8K | $38.1M | 1.3% | -23.3% |
| CSCO CISCO SYSTEMS INC | Technology | 487.6K | $37.8M | 1.3% | +9.2% |
| CAT CATERPILLAR INC | Industrials | 53.0K | $37.6M | 1.3% | -7.9% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 315.3K | $37.4M | 1.3% | +9.1% |
| MS MORGAN STANLEY | Financials | 225.7K | $37.1M | 1.3% | +18.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 736.5K | $37.0M | 1.3% | -13.6% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 176.7K | $36.8M | 1.3% | +9.7% |
| BLK BLACKROCK INC | Financials | 38.1K | $36.6M | 1.3% | +22.1% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 603.4K | $36.6M | 1.3% | -9.0% |
| ADI ANALOG DEVICES INC | Technology | 114.8K | $36.5M | 1.3% | -5.8% |
| KO COCA-COLA CO/THE | Consumer staples | 479.7K | $36.5M | 1.3% | -4.7% |
| USB US BANCORP | Financials | 697.1K | $36.3M | 1.3% | +8303.7% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 627.4K | $36.2M | 1.2% | +0.7% |
| AFL AFLAC INC | Financials | 328.4K | $36.0M | 1.2% | +6.0% |
| PFG PRINCIPAL FINANCIAL GROUP | Financials | 398.5K | $35.9M | 1.2% | +8.1% |
| PEP PEPSICO INC | Consumer staples | 229.3K | $35.6M | 1.2% | -1.4% |
| ABBV ABBVIE INC | Healthcare | 163.4K | $35.5M | 1.2% | +4.2% |
| CI THE CIGNA GROUP | Financials | 132.9K | $35.5M | 1.2% | +13.0% |
| CMI CUMMINS INC | Industrials | 65.8K | $35.4M | 1.2% | -0.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 130.4K | $35.3M | 1.2% | +25.2% |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 545.0K | $35.2M | 1.2% | New |
| KR KROGER CO | Consumer discretionary | 485.5K | $35.1M | 1.2% | -4.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 242.5K | $35.0M | 1.2% | -2.3% |
| UNP UNION PACIFIC CORP | Industrials | 144.1K | $35.0M | 1.2% | 0.0% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 144.1K | $34.9M | 1.2% | +34.9% |
| TRV TRAVELERS COS INC/THE | Financials | 119.8K | $34.9M | 1.2% | +0.4% |
| GILD GILEAD SCIENCES INC | Healthcare | 250.5K | $34.9M | 1.2% | -10.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 141.6K | $34.6M | 1.2% | -8.5% |
| RTX RTX CORP | Industrials | 179.2K | $34.6M | 1.2% | -9.1% |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 175.9K | $34.5M | 1.2% | +1.5% |
| HD HOME DEPOT INC | Consumer discretionary | 104.4K | $34.3M | 1.2% | +7.6% |
| BBY BEST BUY CO INC | Consumer discretionary | 534.4K | $34.3M | 1.2% | +22.4% |
| QCOM QUALCOMM INC | Technology | 266.3K | $34.3M | 1.2% | +38.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 110.2K | $34.3M | 1.2% | +0.5% |
| ITW ILLINOIS TOOL WORKS | Industrials | 131.5K | $34.2M | 1.2% | +0.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 151.3K | $34.2M | 1.2% | -9.3% |
| CME CME GROUP INC | Financials | 115.3K | $34.0M | 1.2% | -7.3% |
| GD GENERAL DYNAMICS CORP | Industrials | 99.1K | $34.0M | 1.2% | +0.8% |
| AMGN AMGEN INC | Healthcare | 96.2K | $33.9M | 1.2% | -5.4% |
| PKG PACKAGING CORP OF AMERICA | Other | 159.2K | $33.8M | 1.2% | +1.5% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 164.1K | $33.3M | 1.1% | +28.7% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 96.5K | $33.3M | 1.1% | -12.4% |
| ABT ABBOTT LABORATORIES | Healthcare | 322.8K | $33.1M | 1.1% | +17.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 311 | $3.01B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 345 | $2.99B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 28, 2025 | 352 | $3.01B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 341 | $2.91B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 351 | $2.86B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 28, 2025 | 344 | $2.85B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 354 | $3.03B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 350 | $2.78B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 354 | $3.05B | canonical | SEC ↗ |
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