The "Great Investor" Steven Romick, Investment Officer of the First Pacific Advisor’s Crescent Fund, was actively selling in first quarter 2013. Romick’s Crescent Fund is currently valued at $6.1 billion and holds 57 stocks, two of them new. The fund has a quarter-over-quarter turnover of 2%. Guru Steven Romick is in the top 1% of money managers.
As of quarter ending March 31, 2013, Guru Romick sold or reduced his position with these stocks:
Western Digital Corporation (WDC, Financial)
Romick sold out his position with Western Digital Corporation (WDC). He sold 1,850,000 shares at an average price of $47.1, for a 13% gain. The current WDC share price is $51.95. The company stock is up 36% over the last 12 months, and up 22% since January.
His holding history:
Encsco PLC (ESV, Financial)
Romick reduced his Encsco PLC (ESV) position by 71.23%, leaving a total of 470,000 shares after the trade. Up 10% over the last 12 months, the current share price for ESV is $58.82. Selling 1,163,400 shares at an average of $61.11 meant a loss of 3.8%.
His holding history:
Travelers Companies (TRV, Financial)
Romick reduced his Travelers Companies (TRV) position by 44.89%, leaving a total of 695,000 shares after the trade. Up 44% over the last 12 months, the current share price for TRV is $85.77. Selling 566,000 shares at an average price of $79.26 realized a gain of 7%.
His holding history:
PetSmart Inc. (PETM, Financial)
Romick reduced his PetSmart Inc. (PETM) position by 53.77%, leaving a total of 423,000 shares after the trade. Up 15% over the last 12 months, the current share price for PETM is $65.38, with a 0% change from average. Selling 492,000 shares at an average of $65.35 made a 0% gain.
His holding history:
Lowe’s Companies Inc. (LOW, Financial)
Finally, Romick reduced his Lowe’s Companies Inc. (LOW) position by 20.41%, leaving a total of 3,120,000 shares after the trade. Up 25% over the last 12 months, the current share price for LOW is $39.29. Selling 800,000 shares at an average of $37.87, Romick gained 3.7%.
His holding history:
Guru Steven Romick leads the Los Angeles-based First Pacific Advisors Crescent Fund with a contrarian value strategy and a 125% cumulative return over the last 10 years.
Steven Romick’s top buys, sells, and holdings:
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.
As of quarter ending March 31, 2013, Guru Romick sold or reduced his position with these stocks:
Western Digital Corporation (WDC, Financial)
Romick sold out his position with Western Digital Corporation (WDC). He sold 1,850,000 shares at an average price of $47.1, for a 13% gain. The current WDC share price is $51.95. The company stock is up 36% over the last 12 months, and up 22% since January.
His holding history:
Encsco PLC (ESV, Financial)
Romick reduced his Encsco PLC (ESV) position by 71.23%, leaving a total of 470,000 shares after the trade. Up 10% over the last 12 months, the current share price for ESV is $58.82. Selling 1,163,400 shares at an average of $61.11 meant a loss of 3.8%.
His holding history:
Travelers Companies (TRV, Financial)
Romick reduced his Travelers Companies (TRV) position by 44.89%, leaving a total of 695,000 shares after the trade. Up 44% over the last 12 months, the current share price for TRV is $85.77. Selling 566,000 shares at an average price of $79.26 realized a gain of 7%.
His holding history:
PetSmart Inc. (PETM, Financial)
Romick reduced his PetSmart Inc. (PETM) position by 53.77%, leaving a total of 423,000 shares after the trade. Up 15% over the last 12 months, the current share price for PETM is $65.38, with a 0% change from average. Selling 492,000 shares at an average of $65.35 made a 0% gain.
His holding history:
Lowe’s Companies Inc. (LOW, Financial)
Finally, Romick reduced his Lowe’s Companies Inc. (LOW) position by 20.41%, leaving a total of 3,120,000 shares after the trade. Up 25% over the last 12 months, the current share price for LOW is $39.29. Selling 800,000 shares at an average of $37.87, Romick gained 3.7%.
His holding history:
Guru Steven Romick leads the Los Angeles-based First Pacific Advisors Crescent Fund with a contrarian value strategy and a 125% cumulative return over the last 10 years.
Steven Romick’s top buys, sells, and holdings:
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.
