VALLEY NATIONAL BANCORP

FundStock

CIK 0000714310 · Q4 2014

13F Equity AUM

$81.9M

-5.0% QoQ

Positions

222

+28 QoQ

AUM Rank

—

Skill Alpha (FF)

—

Building track record (5q)

Quarters Tracked

~1 years

Portfolio Concentration

Top 5: 29.6%Top 10: 43.9%Top 20: 61.1%

VCSH7.0%

SHY7.0%

FLRN5.9%

SPY5.1%

BSV4.8%

TIP3.8%

JNJ2.8%

VLY2.7%

PG2.7%

BND2.3%

Others (212)56.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services57.8%

Healthcare7.4%

Consumer Defensive7.0%

Unclassified6.9%

Energy5.9%

Industrials4.2%

Technology3.8%

Other6.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 222Median: 0.08%Avg: 0.45%

0–0.5%

172(15.3%)

0.5–1%

25(18.1%)

1–3%

19(33.2%)

3–5%

2(8.6%)

5%+

4(24.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 213Unique: 9vs 20 funds

4.1%Low

222

Fund positions

5,213

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 10 benchmark funds with highest portfolio overlap (Jaccard similarity)

PARAMETRIC PORTFOLIO ASSOCIATES LLC

5.2%

BlackRock Investment Management, LLC

BLACKROCK ADVISORS LLC

5.9%

BlackRock Group LTD

7.1%

BlackRock Fund Advisors

5.3%

Aperio Group, LLC

9.7%

TIAA CREF INVESTMENT MANAGEMENT LLC

5.8%

TEACHERS ADVISORS, LLC

5.8%

PEAK6 Investments, L.P.

8.6%

BlackRock Japan Co. Ltd

13.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New51Increased44Decreased62Exited22

New Positions

NXJ0.4%

+26K

CDK0.1%

+930

IWR0.0%

+190

TLT0.0%

+208

UNH0.0%

+124

TYCO INTERNATIONAL P…0.0%

+300

META0.0%

+98

HARMAN INTERNATIONAL0.0%

+44

DWD0.0%

+218

LRCXEUR0.0%

+60

Increased

WHOLE FOODS MARKET0.9%

+8K(+123%)

BBN0.7%

+8K(+47%)

GM0.3%

+6K(+605%)

VCSH7.0%

+6K(+9%)

AMXN0.3%

+4K(+43%)

DNOW0.2%

+3K(+74%)

CST BRANDS INC0.2%

+3K(+238%)

BK0.4%

+3K(+70%)

DOW CHEMICAL COMPANY0.7%

+2K(+17%)

ZTS0.4%

+2K(+33%)

Decreased

VLY2.7%

-88,079(-28%)

GE0.9%

-12,900(-30%)

SHY7.0%

-10,971(-14%)

MSFT0.3%

-4,690(-43%)

FLRN5.9%

-2,762(-2%)

PFE1.2%

-2,446(-7%)

INTC0.3%

-2,300(-24%)

UTXZ0.3%

-1,958(-47%)

BAC0.1%

-1,873(-25%)

DIS0.3%

-1,336(-33%)

Exited

EMB

-18,679

DVN

-6,995

L-3 COMMUNICATIONS H…

-3,667

NUVEEN INVESTMENT QU…

-23,700

NUVEEN DIVIDEND ADVA…

-3,200

WALGREEN CO

-500

NTRS

-400

CAT

-150

LMT

-100

ST JUDE MEDICAL INC

-250

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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