NPORT-EX 2 NPORT_FP19_22428061_1221.htm html

Eaton Vance

Atlanta Capital Select Equity Fund

December 31, 2021

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 102.8%

 

                                                 
Security    Shares      Value  

Banks — 3.3%

 

U.S. Bancorp

      559,158      $ 31,407,905  
     

 

 

  
   $ 31,407,905  
     

 

 

  

Beverages — 3.4%

 

Diageo PLC ADR(1)

      144,572      $ 31,826,080  
     

 

 

  
   $ 31,826,080  
     

 

 

  

Chemicals — 3.6%

 

Sherwin-Williams Co. (The)

      96,018      $ 33,813,699  
     

 

 

  
   $ 33,813,699  
     

 

 

  

Construction Materials — 3.2%

 

Martin Marietta Materials, Inc.

      70,031      $ 30,850,056  
     

 

 

  
   $ 30,850,056  
     

 

 

  

Containers & Packaging — 2.0%

 

Ball Corp.

      201,207      $ 19,370,198  
     

 

 

  
   $ 19,370,198  
     

 

 

  

Electrical Equipment — 2.5%

 

AMETEK, Inc.

      159,612      $ 23,469,348  
     

 

 

  
   $ 23,469,348  
     

 

 

  

Electronic Equipment, Instruments & Components — 4.9%

 

CDW Corp.

      228,460      $ 46,784,039  
     

 

 

  
   $ 46,784,039  
     

 

 

  

Food Products — 1.9%

 

Nestle S.A. ADR

      126,951      $ 17,820,112  
     

 

 

  
   $ 17,820,112  
     

 

 

  

Health Care Equipment & Supplies — 9.5%

 

Cooper Cos., Inc. (The)

      37,083      $ 15,535,552  

STERIS PLC

      138,829        33,792,367  

Teleflex, Inc.

      125,024        41,067,883  
     

 

 

  
   $ 90,395,802  
     

 

 

  

Hotels, Restaurants & Leisure — 3.1%

 

Aramark

      793,554      $ 29,242,465  
     

 

 

  
   $ 29,242,465  
     

 

 

  

Insurance — 11.7%

 

Markel Corp.(2)

      37,401      $ 46,152,834  

White Mountains Insurance Group, Ltd.

      63,540        64,423,206  
     

 

 

  
   $ 110,576,040  
     

 

 

  

Interactive Media & Services — 5.9%

 

Alphabet, Inc., Class C(2)

      19,517      $ 56,474,196  
     

 

 

  
   $ 56,474,196  
     

 

 

  

 

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Security    Shares      Value  

IT Services — 22.8%

 

Fiserv, Inc.(2)

      574,851      $ 59,663,785  

Gartner, Inc.(2)

      103,634        34,646,919  

Global Payments, Inc.

      397,267        53,702,553  

GoDaddy, Inc., Class A(2)

      473,007        40,139,374  

Visa, Inc., Class A

      127,804        27,696,405  
     

 

 

  
   $ 215,849,036  
     

 

 

  

Life Sciences Tools & Services — 4.9%

 

Danaher Corp.

      62,667      $ 20,618,069  

Thermo Fisher Scientific, Inc.

      38,495        25,685,404  
     

 

 

  
   $ 46,303,473  
     

 

 

  

Professional Services — 4.8%

 

TransUnion

      214,265      $ 25,407,544  

Verisk Analytics, Inc.

      89,486        20,468,133  
     

 

 

  
   $ 45,875,677  
     

 

 

  

Software — 1.7%

 

Autodesk, Inc.(2)

      57,135      $ 16,065,791  
     

 

 

  
   $ 16,065,791  
     

 

 

  

Specialty Retail — 13.6%

 

O’Reilly Automotive, Inc.(2)

      45,784      $ 32,334,034  

Ross Stores, Inc.

      293,218        33,508,953  

TJX Cos., Inc. (The)

      833,014        63,242,423  
     

 

 

  
   $ 129,085,410  
     

 

 

  

Total Common Stocks
(identified cost $582,527,191)

 

    $ 975,209,327  
     

 

 

  

Short-Term Investments — 0.7%

 

Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.08%(3)

      6,304,586      $ 6,303,955  
     

 

 

  

Total Short-Term Investments
(identified cost $6,303,955)

 

    $ 6,303,955  
     

 

 

  

 

                        

Total Investments — 103.5%
(identified cost $588,831,146)

    $ 981,513,282  
  

 

 

  

Other Assets, Less Liabilities — (3.5)%

    $ (32,986,444 ) 
  

 

 

  

Net Assets — 100.0%

    $ 948,526,838  
  

 

 

  

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

 

(1)

All or a portion of this security was on loan at December 31, 2021. The aggregate market value of securities on loan at December 31, 2021 was $6,714,270 and the total market value of the collateral received by the Fund was $6,858,177, comprised of U.S. government and/or agencies securities.

 

(2)

Non-income producing security.

 

2

 

 

(3)

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of December 31, 2021.

Abbreviations:

 

ADR

   -   American Depositary Receipt

The Fund did not have any open derivative instruments at December 31, 2021.

At December 31, 2021, the value of the Fund’s investment in affiliated funds was $6,303,955, which represents 0.7% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended December 31, 2021 were as follows:

 

                                                                                                                                                                                                       

Name

    Value,
beginning of
period		      Purchases      Sales
proceeds		     Net
realized
gain (loss)		     Change in
unrealized
appreciation
(depreciation)		      Value, end of
period		      Dividend
income		      Units, end
of period		  
                                                       

Short-Term Investments

 

Eaton Vance Cash Reserves Fund, LLC

    $     26,588,827      $     36,577,931      $     (56,862,093 )    $     (710 )    $     —      $     6,303,955      $     2,050        6,304,586  

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

 

•  

Level 1 — quoted prices in active markets for identical investments

 

•  

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

•  

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At December 31, 2021, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:

 

Asset Description    Level 1      Level 2      Level 3      Total  

Common Stocks

    $ 975,209,327 *     $ —      $ —      $ 975,209,327  

Short-Term Investments

      —        6,303,955        —        6,303,955  

Total Investments

    $     975,209,327      $     6,303,955      $             —      $     981,513,282  

 

*

The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

 

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