Ross’ investment company, Invesco Private Capital, has 14 long positions and a $1.04 billion value.
Ross bought stakes in two new companies in the first quarter. The smaller buy was 108,500 shares of Select Medical Holdings Corporation (NYSE:SEM) at an average price of $9 per share. Shares have since declined 9% from the average price.
Select Medical Holdings Corporation was incorporated on Oct. 14, 2004, as a Delaware corporation. Select Medical Holdings Corporation has a market cap of $1.16 billion; its shares were traded around $8.23 with a P/E ratio of 8.10 and P/S ratio of 0.40. Select Medical Holdings Corporation had an annual average earnings growth of 12.5% over the past five years.
The larger position is LipoScience Inc. (NASDAQ:LPDX). Ross purchased 724,213 shares of LipoScience in the first quarter for $10 per share on average. The holding is 0.73% of his portfolio.
Liposcience Inc. is a pioneer in nuclear magnetic resonance self-diagnostics. Since going public in February 2013 its stock has declined 46.6%.
Liposcience Inc. has a market cap of $88.1 million; its shares were traded around $5.59 with a P/E ratio of 43.00 and P/S ratio of 0.30.
See Wilbur Ross’ portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Wilbur Ross.