Bill Frels

Last Update: 2014-11-14

Number of Stocks: 193
Number of New Stocks: 7

Total Value: $6,853 Mil
Q/Q Turnover: 2%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Bill Frels Watch

  • Apogee Enterprises Practices an Old Recipe

    In this article, let's take a look at Apogee Enterprises, Inc. (APOG), a $1.25 billion market cap company, which designs and develops glass products, services, and systems. It operates in two segments, Architectural Products and Services, and Large-Scale Optical Technologies.


    Rewarding Shareholders over Time

      


  • Richard Snow's Most Heavily Weighted Stocks

    Richard Snow (Trades, Portfolio) of Snow Capital Management, L.P. now owns 142 stocks, valued at $2,883 Mil after recently adding to his portfolio, according to our Real Time Picks.


    Out the 142 stocks, 25.3% of his portfolio is made up of the financial services sector. 17.9% of his portfolio is made up of the industrial sector and 12.3% is part of the healthcare sector.

      


  • Texas Instruments Continues Trading at its 52-Week High

    In this article, let's take a look at the intrinsic value of Texas Instruments Inc. (TXN), a $54.54 billion market cap company that is one of the world's largest manufacturers of semiconductors. It also produces scientific calculator products and DLP products for TVs and video projectors.


    Key drivers

      


  • MTS Systems: Small Cap with Income and Big Prospects

    In theory, it’s great to talk about emulating the legendary Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio), of Berkshire Hathaway (BRK.A) (BRK.B) fame. But, how do you do that in practice?


    Many of Buffett and Munger’s top companies are 100% owned by Berkshire Hathaway, and we can’t always find appealing values when looking at the companies in which they have minority positions.

      


  • Betting on a Stock While Digital Payment is Growing

    In this article, let's take a look at Visa Inc. (V), a $133.03 billion market cap company, which is the world's largest retail electronic payments network and leading payments brand, providing services to consumers, businesses and governments globally.


    A Market Leader

      


  • Boeing Has Higher Production Rates

    In this article, let's take a look at The Boeing Company (BA), a $87.15 billion market cap company, which is the largest aircraft manufacturer in the world, and one of the largest aerospace and defense giant that conducts business through three operating segments.


    Boeing Commercial Airplanes (61% of revenues in 2013) and EADS's Airbus division are the world's only makers of 150-plus seat passenger jets.Boeing Defense, Space & Security (38%) is the world's fourth largest military contractor. Boeing CapitalCorp. (1%) primarily finances Boeing aircraft for airlines.

      


  • Mairs & Power Small Cap Fund Comments on Cardiovascular Systems

    During the quarter, the Fund added medical device maker Cardiovascular Systems (CSII), one of the few remaining small public medical device companies based in the Twin Cities. The company has a strong position in treating peripheral arterial disease with its proprietary atherectomy equipment. A recent approval in significantly calcified coronary arteries opens up a substantial new market opportunity that the company is working hard to commercialize.


    From Mairs & Power Small Cap Fund Q3 2014 Commentary.

      


  • Mairs & Power Small Cap Fund Comments on Chart Industries

    Chart Industries (GTLS), which manufactures compressed and liquid natural gas tanks and heat exchangers, has detracted from performance during the third quarter as well as on a year-to-date basis. Longer term, the demand for Chart’s natural gas equipment should increase as significant new natural gas discoveries in the U.S. and overseas will likely keep prices in check relative to oil and diesel alternatives. In the short term, though, the market and infrastructure for these natural gas devices has been slower to develop in the U.S. than hoped. The company’s China-based operations have slowed significantly in keeping with that country’s current economic stumbles.


    From Mairs & Power Small Cap Fund Q3 2014 Commentary.

      


  • Mairs & Power Small Cap Fund Comments on Apogee

    Apogee (APOG), a commercial glass plating and framing company, has been another strong contributor to performance this year. Currently, Apogee looks ready to benefit from increased demand for commercial construction thanks to a more positive employment outlook and reduced interest in off-shoring American jobs.


    From Mairs & Power Small Cap Fund Q3 2014 Commentary.

      


  • Mairs & Power Small Cap Fund Comments on Vasco Data Security

    Vasco Data Security (VDSI), a password authentication hardware and software company, continued to lead performance in the quarter and for the year. Through vigorous promotion of its competitive line of data security products, Vasco is making significant headway into the U.S. market. Well publicized data breaches at a growing list of major U.S. corporations is apparently driving consumers to seek out firms like Vasco in their urgency to find better protection for their private data.


    From Mairs & Power Small Cap Fund Q3 2014 Commentary.

      


  • Mairs & Power Small Cap Fund Q3 2014 Commentary

    With ISIS on the march, the Eurozone’s fits and starts and a potential U.S. confrontation with Russia in the air, third quarter performance could have been expected to take a time-out from this year’s domestic advances. Instead, the Standard & Poor’s Total Return Index rose 1.13% for the third quarter gaining 8.34% year-to-date. Then, defying the consensus of market analysts who thought rates would go up and bond prices would decline, the Barclay’s Government/Credit Index also delivered a slight gain of 0.17% for the period with a 4.12% advance year-to-date.


    While inflation conveniently remained in check for the quarter, the low rate environment continued to bring inexpensive credit – and liquidity – into the market. This contributed to the S&P 500 Index’s extended rise to a near three-fold increase over the span of the last 5 1/2 years.

      


  • Bill Frels Comments on Medtronic Inc

    Healthcare company Medtronic, Inc. (MDT) detracted slightly from performance during the period. Pending a shareholder vote later this year or in 2015, Medtronic is expected to merge with medical device supplier Covidien Plc and change its legal domicile to Ireland. Your Growth Fund portfolio managers are pleased to report that we have completed our valuation for Medtronic. As of October 7, 2014 we believe combined Medtronic/Covidien to be $8 per share more valuable than shares of Medtronic alone.


    As of September 30, 2014, the market value of the Growth Fund’s holding in Medtronic was $24 per share greater than its cost basis. We estimate that our typical shareholder, that holds the Growth Fund in a taxable amount, will experience about a $6.00 per share tax liability. We do not offer tax advice; each shareholder should consult a tax advisor about his/her particular circumstance. Providing that there are no significant changes, our current thinking leads us to believe that voting for the merger is in our shareholders’ best interest. We will keep you posted as the voting date is finalized or if we learn of any other developments regarding the merger plans.

      


  • Bill Frels Comments on Wells Fargo

    Another strong contributor to performance was Wells Fargo (WFC). Having weathered the financial crisis of 2008-2009 better than most, Wells Fargo has emerged as the go-to bank for depositors in search of a safe haven. With its consumer-friendly reputation, as well as a knack for achieving significant loan and deposit growth, Wells Fargo has been able to leverage its positive brand profile to attract new customers.

    From Bill Frels (Trades, Portfolio)' Mairs & Power Growth Fund Q3 2014 Commentary.  


  • Bill Frels Comments on Target

    Retailer Target (TGT) experienced a positive news cycle during the third quarter due to the public enthusiasm surrounding its new CEO, Brian Cornell, who has taken the high road in announcing positive changes concerning transparency and corporate accountability. While still underperforming as of the third quarter, Target seems set to advance, and indeed the stock was already rallying later in the quarter.

    From Bill Frels (Trades, Portfolio)' Mairs & Power Growth Fund Q3 2014 Commentary.  


  • Bill Frels Comments on Johnson & Johnson

    Due to the expansion of its pharmaceutical business, Johnson & Johnson (JNJ) contributed better-than- expected performance during the period. Sales soared by 21% due to almost a dozen recent drug launches and improving profitability, which may support a robust acquisition strategy that could reportedly beat management’s goal of 4.5% growth in annual drug sales through 2017.

    From Bill Frels (Trades, Portfolio)' Mairs & Power Growth Fund Q3 2014 Commentary.  


  • Bill Frels' Mairs & Power Growth Fund Q3 2014 Commentary

    With ISIS on the march, the Eurozone’s fits and starts and a potential U.S. confrontation with Russia in the air, third quarter performance could have been expected to take a time-out from this year’s domestic advances. Instead, the Standard & Poor’s Total Return Index rose 1.13% for the third quarter gaining 8.34% year-to-date. Then, defying the consensus of market analysts who thought rates would go up and bond prices would decline, the Barclay’s Government/Credit Index also delivered a slight gain of 0.17% for the period with a 4.12% advance year-to-date.


    While inflation conveniently remained in check for the quarter, the low rate environment continued to bring inexpensive credit – and liquidity – into the market. This contributed to the S&P 500 Index’s extended rise to a near three-fold increase over the span of the last 5 1/2 years.

      


  • Mairs & Power Balanced Fund Comments on Donaldson Co Inc

    A case in point is portfolio holding Donaldson & Co., Inc. (DCI), one of the leading international manufacturers of high-tech filtration solutions for engines. For the past century, despite interest- rate shocks, stock market corrections and world wars, Donaldson has prospered and grown. Faced with a global slowdown in construction projects, Donaldson’s sales growth slowed and its stock price declined – while earnings held their ground and even increased slightly. To Mairs & Power, nothing fundamental changed for Donaldson. Our assessment of the firm’s long-term growth prospects is still supported by the quantitative data and our qualitative findings that matter most in our selection process. Rather, the impact of short-term, negative market perceptions on consistently growing companies like Donaldson offers us an incentive to add to a position we already like at an attractive price.

    From Bill Frels (Trades, Portfolio)' Mairs & Power Balanced Fund Q3 2014 Commentary.  


  • Mairs & Power Balanced Fund Comments on Graco Inc

    In the industrials camp, Graco (GGG) was among the portfolio’s below-average performers – even though it managed to deliver above-average growth for the year. Supplying technology and expertise for the management of fluids in both industrial and commercial settings, Graco has a global client base grounded in manufacturing, construction and maintenance. With a stock price that appeared overvalued in 2013, the company now looks much more attractive after the market knocked out some of its excess in the recent period. Despite trimming it somewhat last quarter, Graco still represents a substantial holding for the Fund.

    From Bill Frels (Trades, Portfolio)' Mairs & Power Balanced Fund Q3 2014 Commentary.  


  • Bill Frels' Mairs & Power Q3 Portfolio Commentary

    With ISIS on the march, the Eurozone’s fits and starts and a potential U.S. confrontation with Russia in the air, third quarter performance could have been expected to take a time-out from this year’s domestic advances. Instead, the Standard & Poor’s Total Return Index rose 1.13% for the third quarter gaining 8.34% year-to-date. Then, defying the consensus of market analysts who thought rates would go up and bond prices would decline, the Barclay’s Government/Credit Index also delivered a slight gain of 0.17% for the period with a 4.12% advance year-to-date.


    While inflation conveniently remained in check for the quarter, the low rate environment continued to bring inexpensive credit – and liquidity – into the market. This contributed to the S&P 500 Index’s extended rise to a near three-fold increase over the span of the last 5 1/2 years.

      


  • What is Abner Herrman Investing In?

    Over the past few days, hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Abner Herrman & Brock LLC, which provides portfolio management for high net worth individuals, endowments, and corporate retirement plans.


    Recently the fund reported its equity portfolio at the end of September. The total value of the portfolio amounted to $339.4 million, up from $331.2 million disclosed at the end of the previous quarter. Consequently, the fund's total return was 2.5% in the last quarter. The filing revealed that at the end of September, the fund added five new positions to its equity portfolio, and sold out of five other companies. The top 10 portfolio holdings as of the end of the quarter represented 30.62%. The largest changes from previous 13-F´s fillings are in the health care sector (3.3%) followed by the energy sector.

      


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