Basic Stats
Portfolio Value $ 463,547,657
Current Positions 147
Latest Holdings, Performance, AUM (from 13F, 13D)

VBCVX - Systematic Value Fund has disclosed 147 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $ 463,547,657 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). VBCVX - Systematic Value Fund’s top holdings are Berkshire Hathaway Inc. (US:BRK.B) , JPMorgan Chase & Co. (US:JPM) , Johnson & Johnson (US:JNJ) , Walmart Inc. (US:WMT) , and Exxon Mobil Corporation (US:XOM) . VBCVX - Systematic Value Fund’s new positions include Boston Scientific Corporation (US:BSX) , Amentum Holdings, Inc. (US:AMTM) , Marvell Technology, Inc. (US:MRVL) , .

VBCVX - Systematic Value Fund - Portfolio Value
Add This Fund
to your Dashboard
Top Increases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)		 Value
(MM$)		 Portfolio % ΔPortfolio %
4.69 1.0241 1.0241
4.69 1.0241 1.0241
0.02 4.66 1.0164 0.9158
0.04 7.28 1.5880 0.8119
0.03 3.47 0.7566 0.7566
0.04 3.43 0.7484 0.7484
0.09 5.13 1.1199 0.5940
0.09 3.51 0.7650 0.5653
0.01 3.37 0.7347 0.4613
0.02 3.12 0.6813 0.3816
Top Decreases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)		 Value
(MM$)		 Portfolio % ΔPortfolio %
0.00 1.51 0.3294 -1.1807
0.01 3.96 0.8645 -0.4812
0.01 1.64 0.3589 -0.4469
0.01 3.84 0.8391 -0.4215
0.11 10.72 2.3390 -0.4077
0.03 1.93 0.4218 -0.3688
0.00 0.91 0.1991 -0.3506
0.04 4.27 0.9321 -0.2928
0.04 20.76 4.5307 -0.2919
0.07 11.00 2.4003 -0.2791
13F and Fund Filings

This form was filed on 2025-07-28 for the reporting period 2025-05-31. Click the link icon to see the full transaction history.

Upgrade to unlock premium data and export to Excel .

2022-07-28: Important Note - We have changed the treatment of the Δ Portfolio % column in this table. Previously, we were reporting it as the percent change in the portfolio allocation. We are now reporting it as the raw change in the portfolio allocation (still reported as a percent). In formula terms, we were previously reporting it as 100 * (current allocation - prior allocation ) / prior allocation. We are now reporting it as (current allocation - prior allocation).
Security Type Avg Share Price Shares
(MM)		 ΔShares
(%)		 ΔShares
(%)		 Value
($MM)		 Portfolio
(%)		 ΔPortfolio
(%)
BRK.B / Berkshire Hathaway Inc. 0.04 -5.22 20.76 -7.04 4.5307 -0.2919
JPM / JPMorgan Chase & Co. 0.07 0.00 17.80 -0.25 3.8845 0.0314
JNJ / Johnson & Johnson 0.07 -5.76 11.00 -11.36 2.4003 -0.2791
WMT / Walmart Inc. 0.11 -15.83 10.72 -15.74 2.3390 -0.4077
XOM / Exxon Mobil Corporation 0.09 0.00 8.96 -8.11 1.9558 -0.1502
SPGI / S&P Global Inc. 0.01 6.26 7.54 2.11 1.6459 0.0508
PM / Philip Morris International Inc. 0.04 74.08 7.28 102.48 1.5880 0.8119
CMCSA / Comcast Corporation 0.19 0.00 6.58 -3.66 1.4370 -0.0388
APH / Amphenol Corporation 0.07 0.00 6.54 35.03 1.4279 0.3816
CME / CME Group Inc. 0.02 -14.93 6.52 -3.12 1.4229 -0.0304
ETN / Eaton Corporation plc 0.02 0.00 6.46 9.16 1.4101 0.1320
SYK / Stryker Corporation 0.02 -2.11 6.39 -3.00 1.3954 -0.0282
GILD / Gilead Sciences, Inc. 0.06 17.20 6.15 12.86 1.3413 0.1654
DIS / The Walt Disney Company 0.05 0.00 6.12 -0.67 1.3357 0.0052
BK / The Bank of New York Mellon Corporation 0.07 -4.10 6.06 -4.47 1.3235 -0.0473
PG / The Procter & Gamble Company 0.03 0.00 5.92 -2.26 1.2919 -0.0161
IBM / International Business Machines Corporation 0.02 0.00 5.75 2.62 1.2558 0.0450
GD / General Dynamics Corporation 0.02 -1.51 5.60 8.59 1.2225 0.1085
CW / Curtiss-Wright Corporation 0.01 0.00 5.57 36.81 1.2152 0.3364
EME / EMCOR Group, Inc. 0.01 11.27 5.42 28.40 1.1823 0.2712
SYF / Synchrony Financial 0.09 121.77 5.13 110.72 1.1199 0.5940
ROP / Roper Technologies, Inc. 0.01 -5.91 5.05 -8.21 1.1030 -0.0859
O / Realty Income Corporation 0.09 -0.60 5.04 -1.33 1.1008 -0.0030
PGR / The Progressive Corporation 0.02 -16.80 4.82 -15.94 1.0523 -0.1864
STAG / STAG Industrial, Inc. 0.13 8.79 4.71 7.58 1.0286 0.0825
FIXED INC CLEARING CORP.REPO / RA (000000000) 4.69 1.0241 1.0241
FIXED INC CLEARING CORP.REPO / RA (000000000) 4.69 1.0241 1.0241
RMD / ResMed Inc. 0.02 881.12 4.66 865.98 1.0164 0.9158
MAA / Mid-America Apartment Communities, Inc. 0.03 -7.63 4.61 -13.94 1.0052 -0.1505
NFG / National Fuel Gas Company 0.05 -29.51 4.54 -22.62 0.9901 -0.2761
AMGN / Amgen Inc. 0.02 8.34 4.52 1.35 0.9858 0.0233
GL / Globe Life Inc. 0.04 -16.54 4.40 -20.19 0.9613 -0.2304
PPG / PPG Industries, Inc. 0.04 0.00 4.39 -2.14 0.9580 -0.0106
SNA / Snap-on Incorporated 0.01 -4.79 4.36 -10.48 0.9510 -0.1003
JAZZ / Jazz Pharmaceuticals plc 0.04 0.00 4.27 -24.70 0.9321 -0.2928
BRO / Brown & Brown, Inc. 0.04 -19.35 4.26 -23.19 0.9306 -0.2682
PEP / PepsiCo, Inc. 0.03 0.00 4.23 -14.33 0.9222 -0.1431
ADC / Agree Realty Corporation 0.06 -12.77 4.19 -11.01 0.9156 -0.1023
TT / Trane Technologies plc 0.01 35.23 4.14 64.52 0.9040 0.3603
PKG / Packaging Corporation of America 0.02 0.00 4.12 -9.35 0.8992 -0.0823
FOXA / Fox Corporation 0.07 17.54 4.10 12.10 0.8956 0.1051
MTG / MGIC Investment Corporation 0.15 0.00 4.10 7.47 0.8946 0.0710
LDOS / Leidos Holdings, Inc. 0.03 0.84 4.09 15.25 0.8925 0.1261
BAC / Bank of America Corporation 0.09 0.00 4.02 -4.26 0.8776 -0.0295
UNH / UnitedHealth Group Incorporated 0.01 0.00 3.96 -36.45 0.8645 -0.4812
JHG / Janus Henderson Group plc 0.11 0.00 3.96 -13.91 0.8634 -0.1289
STT / State Street Corporation 0.04 0.00 3.90 -2.96 0.8506 -0.0168
MCD / McDonald's Corporation 0.01 -35.29 3.84 -34.14 0.8391 -0.4215
TROW / T. Rowe Price Group, Inc. 0.04 -3.92 3.77 -14.94 0.8224 -0.1343
NEM / Newmont Corporation 0.07 -15.39 3.74 4.12 0.8160 0.0405
CTSH / Cognizant Technology Solutions Corporation 0.05 0.00 3.68 -2.80 0.8025 -0.0145
RTX / RTX Corporation 0.03 0.00 3.67 2.63 0.8014 0.0287
OVV / Ovintiv Inc. 0.10 0.00 3.57 -17.57 0.7801 -0.1564
VIRT / Virtu Financial, Inc. 0.09 244.88 3.51 279.33 0.7650 0.5653
UTHR / United Therapeutics Corporation 0.01 0.00 3.50 -0.37 0.7629 0.0052
EXEL / Exelixis, Inc. 0.08 -14.22 3.49 -4.60 0.7613 -0.0281
BSX / Boston Scientific Corporation 0.03 3.47 0.7566 0.7566
INCY / Incyte Corporation 0.05 0.00 3.45 -11.50 0.7525 -0.0887
TPR / Tapestry, Inc. 0.04 3.43 0.7484 0.7484
CEG / Constellation Energy Corporation 0.01 117.59 3.37 165.88 0.7347 0.4613
MDT / Medtronic plc 0.04 73.40 3.36 56.36 0.7328 0.2691
GM / General Motors Company 0.07 0.00 3.33 0.97 0.7272 0.0146
AYI / Acuity Inc. 0.01 41.81 3.25 24.05 0.7094 0.1435
MU / Micron Technology, Inc. 0.03 -22.00 3.17 -21.32 0.6920 -0.1781
NRG / NRG Energy, Inc. 0.02 52.51 3.12 125.02 0.6813 0.3816
ACI / Albertsons Companies, Inc. 0.14 0.00 3.09 5.67 0.6752 0.0429
CSCO / Cisco Systems, Inc. 0.05 -31.35 3.09 -6.93 0.6745 -0.0556
EMR / Emerson Electric Co. 0.02 0.00 2.91 -1.82 0.6361 -0.0051
KIM / Kimco Realty Corporation 0.14 0.00 2.89 -3.80 0.6302 -0.0180
PPC / Pilgrim's Pride Corporation 0.06 0.00 2.87 -9.59 0.6273 -0.0594
DELL / Dell Technologies Inc. 0.03 0.00 2.86 8.29 0.6245 0.0538
AXP / American Express Company 0.01 0.00 2.78 -2.29 0.6061 -0.0077
TDG / TransDigm Group Incorporated 0.00 0.00 2.77 7.42 0.6035 0.0475
KMB / Kimberly-Clark Corporation 0.02 0.00 2.72 1.23 0.5926 0.0134
ACN / Accenture plc 0.01 0.00 2.70 -9.12 0.5897 -0.0521
BRX / Brixmor Property Group Inc. 0.10 0.00 2.60 -9.09 0.5673 -0.0504
HON / Honeywell International Inc. 0.01 0.00 2.59 6.44 0.5664 0.0400
ALSN / Allison Transmission Holdings, Inc. 0.02 38.13 2.49 40.51 0.5445 0.1611
RPM / RPM International Inc. 0.02 0.00 2.42 -8.12 0.5287 -0.0406
ATR / AptarGroup, Inc. 0.02 0.00 2.38 7.93 0.5199 0.0433
OMC / Omnicom Group Inc. 0.03 0.00 2.29 -11.27 0.5001 -0.0575
DOX / Amdocs Limited 0.02 0.00 2.19 5.19 0.4774 0.0282
EXE / Expand Energy Corporation 0.02 67.91 2.18 97.29 0.4759 0.2371
PARA / Paramount Global 0.18 0.00 2.14 6.51 0.4680 0.0332
HPQ / HP Inc. 0.08 0.00 2.10 -19.35 0.4587 -0.1040
MTDR / Matador Resources Company 0.05 0.00 2.02 -17.83 0.4406 -0.0899
AON / Aon plc 0.01 -3.53 2.01 -8.34 0.4390 -0.0182
BHF / Brighthouse Financial, Inc. 0.03 0.00 1.99 0.81 0.4351 0.0082
BRBR / BellRing Brands, Inc. 0.03 -38.55 1.93 -47.21 0.4218 -0.3688
MO / Altria Group, Inc. 0.03 10.03 1.86 19.43 0.4051 0.0694
WAB / Westinghouse Air Brake Technologies Corporation 0.01 0.00 1.77 9.18 0.3868 0.0362
GPC / Genuine Parts Company 0.01 -19.97 1.76 -18.93 0.3851 -0.0849
UHS / Universal Health Services, Inc. 0.01 0.00 1.68 8.59 0.3672 0.0327
SNX / TD SYNNEX Corporation 0.01 -50.06 1.64 -55.94 0.3589 -0.4469
NTRS / Northern Trust Corporation 0.02 0.00 1.64 -3.12 0.3587 -0.0078
FFIV / F5, Inc. 0.01 0.00 1.63 -2.45 0.3560 -0.0050
CHRW / C.H. Robinson Worldwide, Inc. 0.02 43.32 1.63 35.41 0.3556 0.0957
Aptiv PLC / EC (JE00BTDN8H13) 0.02 0.00 1.57 2.62 0.3421 0.0122
BLK / BlackRock, Inc. 0.00 -78.46 1.51 -78.42 0.3294 -1.1807
EWBC / East West Bancorp, Inc. 0.02 155.55 1.50 147.04 0.3278 0.1964
ILMN / Illumina, Inc. 0.02 1.57 1.49 -5.86 0.3262 -0.0167
IAC / IAC Inc. 0.04 320.27 1.45 227.48 0.3175 0.2214
FNF / Fidelity National Financial, Inc. 0.03 0.00 1.43 -15.13 0.3111 -0.0516
MCK / McKesson Corporation 0.00 0.00 1.41 12.42 0.3083 0.0368
CAH / Cardinal Health, Inc. 0.01 0.00 1.37 19.29 0.2997 0.0511
CNXC / Concentrix Corporation 0.02 1.36 0.2960 0.2960
SAIC / Science Applications International Corporation 0.01 -16.12 1.29 -17.68 0.2826 -0.0889
BWA / BorgWarner Inc. 0.04 59.19 1.23 77.04 0.2695 0.1188
GRMN / Garmin Ltd. 0.01 1.18 0.2568 0.2568
CPB / The Campbell's Company 0.03 0.00 1.13 -15.05 0.2466 -0.0406
CXT / Crane NXT, Co. 0.02 -36.09 1.11 -38.65 0.2420 -0.1481
WFC / Wells Fargo & Company 0.01 0.00 1.11 -4.49 0.2412 -0.0088
AMTM / Amentum Holdings, Inc. 0.05 1.09 0.2384 0.2384
HWM / Howmet Aerospace Inc. 0.01 0.00 1.09 24.37 0.2374 0.0485
AFL / Aflac Incorporated 0.01 -3.32 1.03 -8.51 0.2253 -0.0185
TW / Tradeweb Markets Inc. 0.01 0.00 1.00 6.73 0.2181 0.0159
MOS / The Mosaic Company 0.03 -4.56 0.98 20.76 0.2146 0.0434
WU / The Western Union Company 0.11 0.00 0.98 -14.39 0.2132 -0.0330
ELV / Elevance Health, Inc. 0.00 -62.94 0.91 -64.17 0.1991 -0.3506
US8575093013 / State Street Navigator Securities Lending Government Money Market Portfolio 0.87 4.35 0.87 4.42 0.1908 0.0099
APA / APA Corporation 0.05 0.00 0.84 -17.90 0.1824 -0.0372
CACI / CACI International Inc 0.00 -35.66 0.83 -11.75 0.1821 -0.0213
BLD / TopBuild Corp. 0.00 -38.86 0.83 -43.55 0.1816 -0.1368
GRAL / GRAIL, Inc. 0.02 0.00 0.83 -0.36 0.1812 0.0012
CMI / Cummins Inc. 0.00 0.00 0.78 -12.69 0.1712 -0.0228
CL / Colgate-Palmolive Company 0.01 -45.57 0.75 -44.53 0.1637 -0.1283
FLO / Flowers Foods, Inc. 0.04 0.00 0.72 -9.84 0.1582 -0.0154
HUBB / Hubbell Incorporated 0.00 0.00 0.71 4.86 0.1554 0.0087
OKE / ONEOK, Inc. 0.01 12.03 0.70 -9.76 0.1535 -0.0149
MSA / MSA Safety Incorporated 0.00 0.00 0.67 -0.45 0.1463 0.0009
CVX / Chevron Corporation 0.00 0.00 0.65 -13.77 0.1421 -0.0211
LYB / LyondellBasell Industries N.V. 0.01 0.00 0.64 -26.46 0.1402 -0.0485
M / Macy's, Inc. 0.05 0.00 0.64 -17.21 0.1387 -0.0269
CHD / Church & Dwight Co., Inc. 0.01 0.00 0.63 -11.64 0.1376 -0.0164
COIN / Coinbase Global, Inc. 0.00 64.35 0.60 88.40 0.1313 0.0622
GMED / Globus Medical, Inc. 0.01 -45.17 0.59 -59.59 0.1279 -0.1854
AJG / Arthur J. Gallagher & Co. 0.00 0.00 0.55 2.79 0.1208 0.0046
C / Citigroup Inc. 0.01 0.00 0.55 -5.80 0.1205 -0.0061
HRL / Hormel Foods Corporation 0.02 0.00 0.54 7.14 0.1180 0.0090
SN / SharkNinja, Inc. 0.01 3.13 0.52 -9.81 0.1144 -0.0111
MRVL / Marvell Technology, Inc. 0.01 0.52 0.1128 0.1128
OHI / Omega Healthcare Investors, Inc. 0.01 0.00 0.51 0.40 0.1110 0.0016
ARW / Arrow Electronics, Inc. 0.00 9.31 0.49 19.61 0.1080 0.0187
MRNA / Moderna, Inc. 0.02 26.43 0.49 8.37 0.1076 0.0094
HPE / Hewlett Packard Enterprise Company 0.03 16.71 0.49 1.67 0.1064 0.0030
HOLX / Hologic, Inc. 0.01 0.00 0.46 -1.90 0.1013 -0.0009
GNTX / Gentex Corporation 0.02 29.08 0.43 14.40 0.0938 0.0127
SNDK / Sandisk Corporation 0.00 -100.00 0.00 -100.00 -0.1603