GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

David Herro's Top 5 Increases and Decreases of the First Quarter

Monica Wolfe

Monica Wolfe

121 followers
David Herro has managed the Oakmark International Fund (OAKEX) since 1995 and the Oakmark Global Select Fund (OAKWX) since 2006. In 2012, Herro’s return was 29.22%, an excess gain of 13.8% over the S&P500’s return. Since the fund’s inception in 1992, Herro has returned 10.52% to investors annually (on average). Oakmark International contains a diversified portfolio of common stocks of non-U.S. companies, concentrated on mid-and large-cap companies.

As of the most recent quarter, David Herro’s holdings included 56 stocks valued at over $13.421 billion.

The following ten stocks represent the top five increases and decreases Herro made to his holdings in the first quarter 2013.



Top 5 Increases:

1. Hennes & Mauritz AB (OSTO:HM B)

David Herro increased his holdings in Hennes & Mauritz 692.42% in the first quarter. The internationally-focused guru now holds on to 9,406,000 shares of Hennes & Mauritz. His holdings in the company represent 2.5% of his total portfolio.

Hennes & Mauritz AB is a Sweden-based company that offers fashion retailing in stores and through internet and catalog sales. It is engaged in the design, production and retail of clothing items and accessories. The company has stores in 33 countries.

Hennes & Mauritz AB has a market cap of kr395.4 billion; its shares were traded at around kr239.60 with a P/E ratio of 23.92 and P/S ratio of 3.27. The dividend yield of Hennes & Mauritz stocks is 2.78%. The company had an annual average earnings growth of 2.3% over the past five years.

2. Christian Dior SA (XPAR:CDI)

Herro added 520,000 shares of Christian Dior to his holdings in the first quarter, representing a 541.67% increase. The shares traded for an average price of $17.07 per share. Since his buy the price per share of Dior has decreased -20.4%. Herro currently owns 616,000 shares of Christian Dior making up 0.76% of his total portfolio.



Click here for the Holding History of other gurus

Christian Dior SA, commonly known as Dior, is a French luxury goods company. The company designs and retails ready-to-wear, leather goods, fashion accessories, footwear, jewelry, watches, fragrance, make-up and skincare products while also maintaining its tradition as a creator of recognized haute-couture.

Christian Dior has a market cap of €26.82 billion; its shares were traded at around €147.30. The dividend yield of Christian Dior is 1.49%.

3. Atlas Copco AB (OSTO:ATCO B)

Herro increased his holdings in Atlas Copco in the first quarter by 182.04%. Herro currently owns 4,459,000 shares of Atlas, representing 0.84% of his total portfolio.

Atlas Copco is a provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly system, to related aftermarket and rental.

Atlas Copco AB has a market cap of kr197.84 billion; its shares were traded at around kr165.00 with a P/E ratio of 14.47 and a P/S ratio of 8.41. The dividend yield of Atlas Copco is 2.33%. The company had an annual average earnings growth of 8.2% over the past five years.

4. Danone (XPAR:BN)

Herro increased his position in Danone 120.89% in the first quarter. The guru now owns 3,532,000 shares of Danone making up 1.8% of his total portfolio.

Danone is a global producer of fresh dairy products, bottled water and biscuits (cookies and crackers). Danone’s portfolio of brands includes Danone/Dannon fresh dairy products, LU biscuits, Evian and Volvic bottled still water, and Wahaha and Aqua packaged water in China and Indonesia, respectively.

Danone has a market cap of €35.34 billion; its shares were traded around €58.97 with a P/E ratio of 21.28 and a P/S ratio of 1.84. The dividend yield of Danone stocks is 2.46%. Danone had an annual average earnings growth of 2.8% over the past 10 years.

5. Check Point Software Technologies (CHKP)

In the first quarter, Herro bought 2,637,000 shares of Check Point, increasing his position in the company by 96.49%. Herro purchased the shares for an average price of $49.92 per share. Since his buy the price per share has increased 0.1% from the average purchase price. Herro currently holds 5,370,000 shares, representing 1.9% of his total portfolio.



Click here for the Holding History of other gurus

Check Point Software Technologies develops, markets and supports a range of software and combined hardware and software products and services for IT security and offers its customers a portfolio of network and gateway security solutions, data and endpoint security solutions and management solutions.

Check Point Software Technologies has a market cap of $10.07 billion; its shares were traded around $49.85 with a P/E ratio of 16.50 and a P/S ratio of 7.60. Check Point had an annual average earnings growth of 15.5% over the past ten years. GuruFocus rated Check Point the business predictability rank of 4-star.

Top 5 Decreases:

1. Bank of Ireland (LSE:BKIR)

Herro decreased his holdings in Bank of Ireland 72.82% during the first quarter. He still holds on to 339,062,000 shares, making up 0.5% of his total portfolio.

Bank of Ireland provides a range of banking and other financial services. It operates through Retail Ireland, Bank of Ireland Life, Retail UK, Corporate and Treasury. The branches offer a wide range of financial products and services in addition to the deposit, lending, current account and other money transmission services traditionally offered by banks.

Bank of Ireland has a market cap of €5.54 billion; its shares were traded around €0.20 with a P/S ratio of 0.86.

2. Heineken Holding NV (XAMS:HEIO)

Herro decreased his stake in Heineken -41.93% in the first quarter. Despite the decrease, Herro still holds on to 1,094,000 shares making up 0.52% of his total portfolio.

Heineken owns and manages one of the world’s leading portfolios of beer brands and is one of the world’s leading brewers in terms of sales volume and profitability. Heineken Holding NV heads the Heineken group. The object of Heineken Holding NV pursuant to its Articles of Association is to manage or supervise the management of the Heineken group and to provide services for Heineken NV.

Heineken Holding has a market cap of €13.88 billion; its shares were traded around €48.19 with a P/E ratio of 9.39 and a P/S ratio of 0.76. The dividend yield of Heineken Holding stocks is 1.57%. Heineken had an annual average earnings growth of 12.9% over the past five years.

3. Signet Jewelers Ltd. (LSE:SIG)

Herro sold 812,000 shares of Signet in the first quarter, representing a -37.42% decrease in his holdings on the company. He sold his shares for an average price of $61.17 per share. Since the sell, the price per share of Signet has increased 14.7%. Herro holds on to 1,358,000 shares, making up 0.68% of his total portfolio.



Click here for the Holding History of other gurus

Signet Jewelers is a retailer of jewelry, watches and associated services. It manages its business from the U.S. and the U.K. The U.K. region’s retail stores operate under brands including H. Samuel and Ernest Jones and are situated in prime High Street locations.

Signet Jewelers has a market cap of £3.83 billion; its shares were traded around £47.87 with a P/E ratio of 16.81 and P/S ratio of 1.48. The dividend yield of Signet Jewelers is 0.68%.

4. Givaudan SA (XSWX:GIVN)

During the first quarter David Herro sold 40,000 shares of his holdings in Givaudan, representing a 26.14% decrease. Herro sold these shares for an average price of $16.48 per share. Since his sell the price has decreased 10.4% from the average sell price. Herro still holds on to 113,000 shares making up 1% of his total portfolio.



Click here for the Holding History of other gurus

Givaudan is a Switzerland-based company that specializes in fragrances and flavors. The company uses natural resources and chemicals to create fragrances and flavors for consumer products around the world.

Givaudan SA has a market cap of CHF11.64 billion; its shares were traded at around CHF1281.00 with a P/E ratio of 28.57 and P/S ratio of 2.76. The dividend yield of Givaudan stocks is 1.83%. Givaudan had an annual average earnings growth of 7.7% over the past ten years.

5. Daiwa Securities Co. (TSE:8601)

Herro decreased his holdings in Daiwa by 26.14% in the first quarter. He still holds on to 59.6 million shares. His holdings in Daiwa represent 3.1% of his total portfolio.

Daiwa Securities Group is engaged in providing comprehensive financial services by operating in businesses such as retail and wholesale securities, investment, asset management, as well as system support and research services.

Daiwa Securities has a market cap of ¥1683.16 billion; its shares were traded at around ¥991.00 with a P/E ratio of 47.85 and a P/S ratio of 3.38. The dividend yield of Daiwa stocks is 1.36%.

To read what David Herro had to say about Daiwa Securities, click here.

David Herro’s current top holdings include: Credit Suisse Group (XSWX:CSGN) with 20,612,000 shares and 4% of his total portfolio, Intesa Sanpaolo (MIL:ISP) with 353,624,000 or 3.9% of his total portfolio, Daimier AG (XTER:DAI) with 9,450,000 shares or 3.8% of his total portfolio, Loyds Banking Group PLC (LSE:LLOY) with 594,684,000 shares making up 3.3% of his total portfolio and Orica Ltd. (ASX:ORI) with 16,915,000 shares or 3.2% of his portfolio.

You can view David Herro‘s current portfolio here. You can also view his Undervalued Stocks, Top Yielding Stocks and High Growth Companies.


Rating: 3.0/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide