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Enough Apple Pie, Alan Fournier Unloads Major American Companies

Sally Jones

Sally Jones

49 followers
After selling companies as American as apple pie, both Coca-Cola Enterprises Inc. (CCE) and Google Inc. (GOOG) in the previous quarter, billionaire Guru Alan Fournier sold out four more holdings linked to American identity, ingenuity, innovation and insurance: Apple Inc. (APPL), Ford Motor Co. (F), Family Dollar Store (FDO) and WellPoint Inc. (WLP), as of the quarter ending March 31, 2013. Here are the details:

Sold Out: Apple Inc. (AAPL) – Computer Systems

Alan Fournier sold out his position with AAPL, as of March 31, 2013. He sold 212,455 shares at an average price of $466.17 per share, for a loss of 5.7%. Fournier’s highest gain was 72.6% on 200,000 shares bought at $254.74 per share in the second quarter of 2010.

This trade impacts his portfolio by -2.4%.

The current share price is $439.66 compared to past valuations:

1369173404754.png

Sold Out: Ford Motor Co. (F) – Auto Manufacturers

Alan Fournier sold out his position with Ford Motor, as of March 31, 2013. He sold 500,000 shares at an average price of $13.35 per share, for a gain of 13.17%. In four quarters of holding, Fournier’s highest gain was 56.6% in the third quarter of 2011 when the price was $9.57 per share.

This trade impacts his portfolio by -0.14%.

The current share price is $14.99.

1369173309126.png

Sold Out: WellPoint Inc. (WLP) – Health Care Plans

Alan Fournier also sold out his position with WLP, as of March 31, 2013. Fournier sold a little more than 3.1 million shares at an average price of $63.51 per share, for a gain of 23.3%. This holding brought 20 quarters of solid gains. The peak gain was 105.2% in the fourth quarter of 2008.

This trade impacts his portfolio by -4.1%.

The current share price is $78.32 compared to past valuations:

1369173556524.png

Sold Out: Family Dollar Stores (FDO) – Discount Stores

Alan Fournier sold out his position with FDO, as of March 31, 2013. He sold a little more than 1.3 million shares at an average price of $57.82 per share, for a gain of 10.7%. Fournier’s highest gain was 24.1% on about 2.4 million shares bought at $51.59 per share in the third quarter of 2011. Except for a gain of 14% in the first quarter of 2012, this holding posted losses for the rest of 2012.

This trade impacts his portfolio by -1.8%.

The current share price is $64.02.

1369173469451.png

Guru Alan Fournier is fund manager of Pennant Capital Management with a portfolio of 42 stocks, four of them new, and a total value of $5.14 billion, with a quarter-over-quarter turnover of 9%. Fournier is a value investor who studies both the micro and macro views. He named his firm Pennant Capital in homage to a passion for sailboat racing. The pennant flags show the captain and crew exactly how the winds are changing.





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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 4.1/5 (10 votes)

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