BRISTOL JOHN W & CO INC /NY/

Bristol John W & Co Inc. is an investment management firm based out of New York City. The company was established in 1954 as a successor to another firm founded in 1937. Its original purpose was to advise the endowment funds of Princeton University and Swarthmore College, and it has expanded since then. Bristol John W & Co is currently headed by CEO Robert F. Coviello and is a completely employee owned firm with 21 employees of which 12 are investment professionals. The company conducts its research internally, utilizing a quantitative methodology to make its investments in the fixed income and public equity markets on a global scale. Bristol John W & Co invests most heavily in the consumer discretionary sector, which alone makes up over a fifth of its total asset allocations, and also invests in the information technology, health care, finance, industrials, consumer staples, transports, and materials sectors, among others to a lesser degree, in order of decreasing allocation. Other than the company’s top holdings in Johnson & Johnson Co. and Nestle, respectively making up 4.7% and 3.2% of its total holdings, none of its holdings exceed 3% of its allocations with its top 10 holdings making up just over a quarter of its total holdings. Bristol John W & Co currently holds over $6 billion in total assets under management spread across over 100 accounts, all of which are discretionary accounts. Both of its total assets under management and total number of accounts, despite some volatility, have stayed relatively stable in recent years. Bristol John W & Co mainly caters to charitable organizations, which alone makes up over half of its entire client base, and also caters to high net worth individuals, pension and profit sharing plans, pooled investment vehicles, corporations and other businesses, and others, in order of decreasing clientele.