Waddell & Reed

Total Portfolio Holdings

Ivy Tax-Managed Equity Fund

Updated as of 3/31/2013
Name CUSIP Type Shares or Principal Amount Market Value Percent of Net Assets
Toyota Motor Credit Corporation 0.13 %, 6/28/2013 892332MN4 Short-Term Securities 1,708,000 $1,708,000.00 6.04 %
MasterCard Incorporated, Class A 57636Q104 Common Stocks 2,020 $1,093,083.00 3.87 %
Apple Inc. 037833100 Common Stocks 2,190 $969,360.00 3.43 %
Visa Inc., Class A 92826C839 Common Stocks 5,280 $896,755.00 3.17 %
Gilead Sciences, Inc. 375558103 Common Stocks 17,880 $874,868.00 3.10 %
Las Vegas Sands, Inc. 517834107 Common Stocks 15,470 $871,735.00 3.09 %
CBS Corporation, Class B 124857202 Common Stocks 18,170 $848,357.00 3.00 %
Monsanto Company 61166W101 Common Stocks 7,860 $830,252.00 2.94 %
Google Inc., Class A 38259P508 Common Stocks 900 $714,627.00 2.52 %
Philip Morris International Inc. 718172109 Common Stocks 7,380 $684,200.00 2.41 %
Schlumberger Limited 806857108 Common Stocks 9,007 $674,534.00 2.38 %
NIKE, Inc., Class B 654106103 Common Stocks 11,160 $658,552.00 2.33 %
HCA Holdings, Inc. 40412C101 Common Stocks 16,100 $654,143.00 2.32 %
Kansas City Southern 485170302 Common Stocks 5,710 $633,239.00 2.24 %
Anheuser-Busch InBev S.A., ADR 03524A108 Common Stocks 6,320 $629,156.00 2.23 %
Pall Corporation 696429307 Common Stocks 8,860 $605,758.00 2.14 %
T. Rowe Price Group, Inc. 74144T108 Common Stocks 7,700 $576,499.00 2.04 %
Amazon.com, Inc. 023135106 Common Stocks 2,100 $559,629.00 1.98 %
QUALCOMM Incorporated 747525103 Common Stocks 7,990 $534,931.00 1.89 %
Mead Johnson Nutrition Company 582839106 Common Stocks 6,740 $522,013.00 1.85 %
Wynn Resorts, Limited 983134107 Common Stocks 4,160 $520,666.00 1.84 %
Canadian Pacific Railway Limited 13645T100 Common Stocks 3,900 $508,833.00 1.80 %
Core Laboratories N.V. N22717107 Common Stocks 3,600 $496,512.00 1.76 %
Intuit Inc. 461202103 Common Stocks 7,340 $481,871.00 1.71 %
Walt Disney Company (The) 254687106 Common Stocks 8,340 $473,712.00 1.68 %
Precision Castparts Corp. 740189105 Common Stocks 2,470 $468,361.00 1.66 %
Cognizant Technology Solutions Corporation, Class A 192446102 Common Stocks 6,090 $466,555.00 1.65 %
National Oilwell Varco, Inc. 637071101 Common Stocks 6,510 $460,583.00 1.63 %
Starwood Hotels & Resorts Worldwide, Inc. 85590A401 Common Stocks 7,220 $460,131.00 1.63 %
American Express Company 025816109 Common Stocks 6,780 $457,379.00 1.62 %
Starbucks Corporation 855244109 Common Stocks 7,930 $451,693.00 1.60 %
Discovery Holding Company, Class A 25470F104 Common Stocks 5,660 $445,668.00 1.58 %
Pentair, Inc. H6169Q108 Common Stocks 8,290 $437,298.00 1.55 %
Allergan, Inc. 018490102 Common Stocks 3,910 $436,473.00 1.54 %
Universal Health Services, Inc., Class B 913903100 Common Stocks 6,600 $421,542.00 1.49 %
Boeing Company (The) 097023105 Common Stocks 4,840 $415,514.00 1.47 %
Estee Lauder Companies, Inc. (The), Class A 518439104 Common Stocks 6,300 $403,389.00 1.43 %
Halliburton Company 406216101 Common Stocks 9,780 $395,210.00 1.40 %
Oracle Corporation 68389X105 Common Stocks 11,940 $386,140.00 1.37 %
Altera Corporation 021441100 Common Stocks 10,890 $386,268.00 1.37 %
PPG Industries, Inc. 693506107 Common Stocks 2,800 $375,032.00 1.33 %
Union Pacific Corporation 907818108 Common Stocks 2,570 $365,994.00 1.30 %
Costco Wholesale Corporation 22160K105 Common Stocks 3,360 $356,530.00 1.26 %
Sherwin-Williams Company (The) 824348106 Common Stocks 2,080 $351,291.00 1.24 %
Caterpillar Inc. 149123101 Common Stocks 4,000 $347,880.00 1.23 %
AutoZone, Inc. 053332102 Common Stocks 830 $329,319.00 1.16 %
SBA Communications Corporation 78388J106 Common Stocks 4,410 $317,608.00 1.13 %
Crown Castle International Corp. 228227104 Common Stocks 4,230 $294,577.00 1.04 %
YUM! Brands, Inc. 988498101 Common Stocks 3,940 $283,444.00 1.00 %
Beam Inc. 073730103 Common Stocks 4,170 $264,962.00 0.94 %
Facebook, Inc., Class A 30303M102 Common Stocks 8,360 $213,849.00 0.76 %
Under Armour, Inc., Class A 904311107 Common Stocks 3,920 $200,704.00 0.71 %
ASML Holding N.V., NY Registry Shares N07059210 Common Stocks 2,201 $149,690.00 0.53 %
VMware, Inc., Class A 928563402 Common Stocks 1,720 $135,674.00 0.48 %
UnitedHealth Group Incorporated 91324P102 Common Stocks 2,350 $134,444.00 0.47 %
Zoetis Inc. 98978V103 Common Stocks 1,100 $36,740.00 0.13 %
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