Is it omniscience, intelligence or knowledge - or some rare combination of faculties? Whatever it is, Guru Mario Gabelli’s trading is a fascinating study. His discipline is like clockwork. In the first quarter of 2013, GAMCO Investors’ chairman and CEO Mario Gabelli sold out smaller holdings with 15 companies. In all of his selling history, a pattern starts to emerge. With great precision, much of Gabelli’s trading shows a quarterly series of gradual reductions that correspond to a parallel, gradual drop in gains. In almost every case, he gets out at the low with a gain. The pattern is so clear it makes you wonder if the market is actually anticipating him. However, some of his larger holding sell outs in the last quarter don’t exemplify this pattern. As of March 31, 2013, Gabelli is clipping some late bloomers.
Sold Out: Nobility Homes Inc. (NOBH, Financial) – Residential Construction
Mario Gabelli sold out his position with NOBH, as of March 31, 2013, unloading 193,273 shares at an average price of $5.13 per share, for a gain of 36.5%. Gabelli held NOBH for 18 quarters, with consistent losses in the first 12 quarters. This holding began making money in the fourth quarter of 2011 until the end of first quarter 2013, when he sold out.
This trade impacts his portfolio by -0.01%.
The current share price is $7.00 compared to valuations over 10 years:
NOBH data by GuruFocus.com
Sold Out: Clearwire Corp. (CLWR, Financial) – Telecom Services
Mario Gabelli sold out his position with CLWR, as of March 31, 2013, unloading 103,200 shares at an average price of $3.17 per share, for a gain of 0%. Gabelli held CLWR for 15 quarters, with consistent losses in the first 12 quarters. This holding began making money in the third quarter of 2011 until the end of first quarter 2013, when he sold out.
The current share price is $3.17 compared to valuations over the years:
CLWR data by GuruFocus.com
Sold Out: Nexen Inc. (NXY, Financial) – Oil & Gas E&P
Mario Gabelli sold out his position with NXY, as of March 31, 2013, unloading 309,400 shares at an average price of $26.94 per share, for a gain of 1.7%. Gabelli held NXY for 9 quarters, always in the green. His highest gain was 37.5% in the third quarter of 2010.
This trade impacts Gabelli’s portfolio by -0.06%.
The current share price is $27.41 compared to valuations over 10 years:
NXY data by GuruFocus.com
As of May 17, 2013, GAMCO Investors lists 793 stocks, 41 of them new, in a portfolio with a total value of $15.6 billion, and a quarter-over-quarter turnover at 6%. Study Mario Gabelli’s first quarter 2013 sell outs in detail.
Here’s a look at Mario Gabelli’s recent top buys, sells, holdings:
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Sold Out: Nobility Homes Inc. (NOBH, Financial) – Residential Construction
Mario Gabelli sold out his position with NOBH, as of March 31, 2013, unloading 193,273 shares at an average price of $5.13 per share, for a gain of 36.5%. Gabelli held NOBH for 18 quarters, with consistent losses in the first 12 quarters. This holding began making money in the fourth quarter of 2011 until the end of first quarter 2013, when he sold out.
This trade impacts his portfolio by -0.01%.
The current share price is $7.00 compared to valuations over 10 years:
NOBH data by GuruFocus.comSold Out: Clearwire Corp. (CLWR, Financial) – Telecom Services
Mario Gabelli sold out his position with CLWR, as of March 31, 2013, unloading 103,200 shares at an average price of $3.17 per share, for a gain of 0%. Gabelli held CLWR for 15 quarters, with consistent losses in the first 12 quarters. This holding began making money in the third quarter of 2011 until the end of first quarter 2013, when he sold out.
The current share price is $3.17 compared to valuations over the years:
CLWR data by GuruFocus.comSold Out: Nexen Inc. (NXY, Financial) – Oil & Gas E&P
Mario Gabelli sold out his position with NXY, as of March 31, 2013, unloading 309,400 shares at an average price of $26.94 per share, for a gain of 1.7%. Gabelli held NXY for 9 quarters, always in the green. His highest gain was 37.5% in the third quarter of 2010.
This trade impacts Gabelli’s portfolio by -0.06%.
The current share price is $27.41 compared to valuations over 10 years:
NXY data by GuruFocus.comAs of May 17, 2013, GAMCO Investors lists 793 stocks, 41 of them new, in a portfolio with a total value of $15.6 billion, and a quarter-over-quarter turnover at 6%. Study Mario Gabelli’s first quarter 2013 sell outs in detail.
Here’s a look at Mario Gabelli’s recent top buys, sells, holdings:
If you are not yet a Premium Member, we invite you for a 7-day Free Trial.
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.
GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.
