Charles Brandes

Charles Brandes

Last Update: 11-10-2016

Number of Stocks: 188
Number of New Stocks: 29

Total Value: $6,669 Mil
Q/Q Turnover: 3%

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

Charles Brandes Watch

  • Holdings Charles Brandes Continues to Increase

    Charles Brandes (Trades, Portfolio) is the chairman of Brandes Investment Partners, the firm he started in 1974. In both the second and third quarters the guru bought shares in the following stocks:


    VOXX International Corp. Class A (VOXX)

      


  • Charles Brandes' Top Performing Stocks

    Charles Brandes (Trades, Portfolio) is the chairman of Brandes Investment Partners. He started the firm in 1974 and manages multiple portfolios, including the U.S. Equity and Global Equity. The following are the top performers of his most recent investments.


    Petroleo Brasileiro SA Petrobras ADR (NYSE:PBR.A), with a market cap of $75.59 billion, has gained 240.9% year to date. The guru's stake represents 0.4% of the company's outstanding shares and 2.38% of his total assets.

      


  • Charles Brandes Trimmed Holdings in 2nd Quarter

    In six of his top 10 quarterly transactions, Charles Brandes (Trades, Portfolio), chairman of Brandes Investment Partners, trimmed positions in the portfolio in the second quarter.


    Three of the companies are based in South America, one is based in London, one is based in Luxembourg, and the sixth is based in Chicago.

      


  • Sanofi Sues Merck Over Patent Infringement

    French pharmaceutical giant Sanofi SA (NYSE:SNY) filed a lawsuit against Merck & Co. (NYSE:MRK) for supposed patent infringements last Friday.


    The company has taken action in an attempt to prevent its American rival from releasing a competing version of its best-selling insulin Lantus. Sanofi claims Merck’s international division, Merck Sharp & Dohme Corp., violated up to 10 patents held by the company. Among them are its Lantus and SoloStar products.

      


  • Arnold Schneider Adds to Approach Resources

    Arnold Schneider (Trades, Portfolio) of Schneider Capital Management added to his position in Approach Resources Inc. (NASDAQ:AREX) on Aug. 31.


    Schneider is president, chief investment officer and principal of Schneider Capital, which he founded in 1996. Schneider believes disciplined value investing produces the best investing success over time. He depends on research geared toward identifying stocks and securities that are undervalued but have potential for positive change.

      


  • Mario Gabelli Buys Stake in Higher One

    Mario Gabelli (Trades, Portfolio) purchased a 69,100-share stake in Higher One Holdings (ONE) at an average price of $3.78 per share during the second quarter. Since the purchase Higher One’s market price has gained an estimated 36% in value.


      


  • ITT Tech Shuts Its Doors Amid Investigation

    ITT Technical Institute, a subsidiary of ITT Educational Services Inc. (ESI), closed its doors Tuesday after the government banned the institution from enrolling new students receiving federal aid in August.


    The closure follows accusations by the Institute’s accreditor of mismanagement of its finances and using questionable recruiting tactics. ITT Educational Services is also under investigation by state and federal authorities. After sanctions were implemented by the government, the institution released a statement indicating the chances of staying open were bleak as the institution was not only restricted from receiving federal aid for tuition but also required to increase cash reserves from $94.4 million to $247.3 million.

      


  • Charles Brandes Continues to Invests in Pain Therapeutics

    Charles Brandes (Trades, Portfolio) is the chairman of Brandes Investment Partners. He started the firm in 1974. In both the first and second quarters the guru bought shares in the following stocks:


    ITT Educational Services Inc. (ESI)

      


  • Brandes Funds Comments on Ericsson

    The All-Cap Investment Committee initiated a position in Sweden-based Ericsson (NASDAQ:ERIC). The company is the global leader in wireless infrastructure, with 40% of the world’s mobile traffic running through its networks.

      


  • Brandes Funds Comments on Fuji Media Holdings

    During the quarter, the Small-Cap Investment Committee initiated a position in Japanese Fuji Media Holdings (TSE:4676).

      


  • Brandes Funds Comments on Nokia

    Nokia (NYSE:NOK) has evolved quite significantly over the past few years, divesting several businesses while integrating and acquiring others in an effort to improve its scale and competitive positioning. Historically known as a mobile phone manufacturer, Nokia sold this business to Microsoft for $7.2 billion in 2013. The company also sold its HERE mapping business to a consortium of German carmakers for € 2.55 billion in 2015.


    Nokia largely retained its mobile technology patents after selling off its phone business. As a result, the company now has a patent/technology licensing business which has generated close to $1 billion/year in high-margin revenue. The company is also working to license non-essential patents.

      


  • Brandes Funds Comments on Embraer

    For Embraer (NYSE:ERJ), which derives the majority of its sales outside Brazil, the real’s appreciation continued to present a headwind. The company has also been experiencing margin compression, mainly due to the mature state of its current product mix ahead of the launch of its second-generation models expected in 2018. We see the challenges facing Embraer as temporary in nature and we continue to believe the company represents an attractive investment opportunity.

      


  • Brandes Global Equity Fund 2nd Quarter Commentary

    Market Overview

      


  • Brandes Funds Comments on Kasikornbank

    Established a year later in 1945, Kasikornbank (BKK:KBANK) is Thailand’s fourth-largest bank. The company provides a broad range of consumer, commercial and corporate banking services, including lending, deposit-taking, credit-card services, international-trade financing, custodian services, asset management, investment banking, life insurance and leasing. Moreover, Kasikornbank is the leader in Thailand’s small-/mid-enterprise lending market, which offers higher margins than retail and corporate lending segments.


    The Thai banking industry is in the midst of a credit cycle where asset quality started deteriorating in 2015 due to the slowing economy. In descending order of credit risk, small-/ mid-enterprise lending has represented the highest level of non-performing loans, followed by retail and corporate lending. However, we believe both Bangkok Bank and Kasikornbank are well positioned in the market and offer a margin of safety at their current prices—even after adjusting for further credit deterioration over the next few years.

      


  • Brandes Funds Comments on Bangkok Bank

    Founded in 1944, Bangkok Bank (BKK:BBL) is the largest commercial bank in Thailand with assets, loans, and deposits all commanding over 15% in market share. Bangkok Bank offers a universal banking platform with a full range of consumer, small-/mid-enterprise and corporate financial products and services. Additionally, the company boasts a strong franchise with nearly 1,200 domestic branches, 39 international branches and over 9,000 ATMs.

      


  • Brandes Funds Comments on Companhia de Saneamento Basico do Estado de Sao Paulo

    We’ve highlighted our investment in SABESP (NYSE:SBS) in past commentaries when economic fear in Brazil, coupled with a severe drought, brought the market valuation for the company down to what we considered attractive levels. However, there have been a number of incremental positives for SABESP over the past year, including:


    • Rainfall: Thanks to the long-awaited rainfall, the water reservoirs in Sao Paolo region have improved—albeit still low—from the critical levels observed a year ago.
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  • Brandes Funds Comments on Eletrobras

    A long-time position in the Fund, Eletrobras (BSP:LIPR3) is a holding company that operates across the entire electricity value chain. The company is Brazil’s largest electricity provider, controlling 33% of the country’s generation capacity, mainly via hydro plants, and nearly 50% of the transmission grid.


    In late April, Brazil’s Ministry of Mines and Energy announced very favorable compensation payment terms for the residual value of transmission assets built prior to 2000 (previously arbitrarily set to zero). The change marked a significant regulatory turnabout for Eletrobras and drove up its shares. The share-price increase, combined with a strong rally for Brazilian securities in general, led us to believe that the risk/reward tradeoff no longer warranted an investment in Eletrobras.

      


  • Brandes Funds Comments on Erste Group Bank

    Also weighing on performance in the quarter was Erste GroupBank (WBO:EBS), an Austria-domiciled bank with a majority of assets in emerging Europe. European financial companies—Erste was no exception—were negatively impacted by the Brexit news due to increased fears of a euro break-up, prolonged macroeconomic uncertainty and more downward pressure on interest rates. Compared to other developing markets, emerging Central and Eastern European countries tend to have higher exposure to exports to the United Kingdom and the euro zone, as well as currencies that are more correlated to the euro. However, we believe Erste will be relatively resilient due to its strong capital adequacy and improving asset quality.

      


  • Brandes Funds Comments on Embraer

    For Embraer (NYSE:ERJ), which derives the majority of its sales outside Brazil, the real’s appreciation continued to present a headwind. The company has also been experiencing margin compression, mainly due to the mature state of its current product mix ahead of the launch of its next-generation models expected in 2018. We see the challenges facing Copa and Embraer as temporary in nature and we continue to believe they represent attractive investment opportunities.

      


  • Brandes Funds Comments on Copa

    After starting the year with strong performance buoyed by the currency strengthening of a number of Latin American countries in which it operates, Copa (NYSE:CPA) saw its shares decline due to downward revisions to its 2016 guidance on revenue per available seat mile (or RASM, normally used to measure an airline’s efficiency) and operating margins.

      


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