PROFESSIONAL ADVISORY SERVICES INC

Q1 2014 13F-HR Holdings

Location
Vero Beach, FL
Holdings as of
3/31/2014
Date filed
4/8/2014
Form type
13F-HR
Num holdings
50
Total value ($000)
$400,845
Net value change ($000)
+16,077 (4.2%)
New positions
6
Sold out positions
3
Turnover %
10.7%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NSRGY 11,059 NEW
BRK-B 8,067 NEW
J 6,274 118.6%
DE 3,869 NEW
STT 2,379 24.5%
JNJ 1,610 9.9%
IBM 1,521 704.2%
HCP Inc 1,259 9.0%
Medtronic PLC 964 7.5%
NOV 813 5.5%
Top Reduces (Value $000, Stocks/ETFs)
TMO -10,558 -100.0%
ITW -8,291 -100.0%
Alphabet Inc. Class C -1,871 -11.4%
MCD -1,231 -7.3%
OMC -959 -8.0%
GE -438 -3.2%
DIS -438 -4.2%
ACN -363 -3.1%
PAYX -305 -3.8%
CHUBB CORPORATION -277 -2.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type