Cedar Rock Capital Ltd 13F annual report

Cedar Rock Capital Ltd is an investment fund managing more than $4.11 billion ran by Joy-isabelle Besse. There are currently 7 companies in Besse’s portfolio. The largest investments include Procter And Gamble Co and Philip Morris International, together worth $2.02 billion.

$4.11 billion Assets Under Management (AUM)

As of 7th October 2020, Cedar Rock Capital Ltd’s top holding is 11,115,037 shares of Procter And Gamble Co currently worth over $1.33 billion and making up 32.3% of the portfolio value. In addition, the fund holds 9,792,044 shares of Philip Morris International worth $686 million, whose value grew 2.6% in the past six months. The third-largest holding is Starbucks worth $596 million and the next is The Clorox Co worth $478 million, with 2,179,563 shares owned.

Currently, Cedar Rock Capital Ltd's portfolio is worth at least $4.11 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Cedar Rock Capital Ltd

The Cedar Rock Capital Ltd office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Joy-isabelle Besse serves as the Director/Chief Compliance Officer at Cedar Rock Capital Ltd.

Recent trades

In the most recent 13F filing, Cedar Rock Capital Ltd revealed that it had increased its stake in Philip Morris International and bought 537,660 additional shares worth around $42 million. This means they effectively own approximately 0.1% of the company. Philip Morris International makes up 48.4% of the fund's Consumer Staples sector allocation and has grown its share price by 1.5% in the past year.

On the other hand, Joy-isabelle Besse disclosed a decreased stake in Procter And Gamble Co by approximately 0.1%. This leaves the value of the investment at $1.33 billion and 11,115,037 shares.

One of the largest hedge funds

The two most similar investment funds to Cedar Rock Capital Ltd are Elkfork Partners and Southpoint Capital Advisors L.P.. They manage $4.11 billion and $4.1 billion respectively.

Joy-isabelle Besse investment strategy

Cedar Rock Capital Ltd’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Consumer Staples — making up 34.5% of the total portfolio value. The fund focuses on investments in the United States as 57.1% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 57% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $70.3 billion.

The complete list of Cedar Rock Capital Ltd trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Procter And Gamble Co	0.66% 11,115,037	$1,329,025,000	32.33%
Philip Morris International, Inc.	5.81% 9,792,044	$686,031,000	16.69%
Starbucks Corp.	4.00% 8,094,268	$595,657,000	14.49%
The Clorox Co.	17.72% 2,179,563	$478,131,000	11.63%
Automatic Data Processing In	0.45% 2,903,415	$432,289,000	10.52%
Zebra Technologies Corporati	18.58% 1,307,255	$334,592,000	8.14%
Keurig Dr Pepper, Inc.	1.23% 8,959,523	$254,450,000	6.19%
No transactions found
Showing first 500 out of 7 holdings