10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Update from FPA Capital - Seven Changes to Portfolio

Sally Jones

Sally Jones

49 followers
As of June 30, 2013, the updated portfolio of First Pacific Advisors (FPA) Capital Fund, managed by Dennis Bryan and Rikard Ekstrand, lists 27 stocks, none of them new, with a total value of $803 million and a quarter-over-quarter turnover of 3%. According to GuruFocus research, FPA Capital added or reduced the following holdings as of the second quarter of 2013. Here are the details of the trades, as of June 30, 2013.

ADD: Apollo Group Inc. (APOL) – Education and Training Services

FPA Capital increased its new position with Apollo Group Inc. (APOL) by 32.57%.

Down 12% since January, Apollo Group Inc. (APOL) has a market cap of $2.14 billion and trades with a P/E of 6.90 and a P/B of 1.90.

The current share price is $18.54, with a change from average down 3%.

FPA Capital now owns 1,673,700 shares after the trade. This trade impacts the portfolio by 0.91%.

1373751944328.png

Apollo Group offers educational programs and services both online and on-campus at the undergraduate, master's and doctoral levels through the wholly-owned subsidiaries, including The University of Phoenix, Inc., Institute for Professional Development (IPD) and The College for Financial Planning Institutes Corporation (CFFP). The company also owns a publishing company, Carnegie Learning Inc.

ADD: ARRIS Group Inc. (ARRS) – Communication Equipment

FPA Capital increased its position with ARRIS Group Inc. (ARRS) by 52.31%.

Up 1% since January, Apollo Group Inc. (APOL) has a market cap of $2.12 billion and trades with a P/E of 56.40 and a P/B of 1.80.

The current share price is $15.51, with a change from average down 2%.

FPA Capital now owns 918,100 shares after the trade. This trade impacts the portfolio by 0.55%.

ARRIS Group Inc. (ARRS) is a global communications technology company specializing in the design and engineering of broadband network solutions.

1373753204317.png

ADD: Helmerich & Payne Inc. (HP) – Oil and Gas Drilling

FPA Capital increased its position with Helmerich & Payne Inc. (HP) by 22.23%

Up 15% since January, Helmerich & Payne Inc. (HP has a market cap of $6.89 billion and trades with a P/E of 11.50 and a P/B of 1.70.

The current HP share price is $65.48, with a change from average up 6%.

FPA Capital now owns 197,400 shares after the trade. This trade impacts the portfolio by 0.27%.

1373753131486.png

Helmerich & Payne Inc. (HP) is a contract oil and gas drilling business, with three reportable business segments: U.S. Land, Offshore and International Land. HP’s U.S. Land operations drill mainly in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Pennsylvania, Ohio, Utah, Arkansas, New Mexico, Montana, North Dakota and West Virginia. Offshore operations are conducted in the Gulf of Mexico, and offshore California, Trinidad and Equatorial Guinea. The company's International Land segment operates in six international locations: Ecuador, Colombia, Argentina, Tunisia, Bahrain and United Arab Emirates (UAE).



Second Quarter 2013 Reductions

In the second quarter of 2013, FPA Capital also reduced positions with data storage company Western Digital Corporation (WDC) by 31.26%, oil and gas driller Rowan Companies PLC (RDC) by 13.3%, truck maker Oshkosh Corporation (OSK) by 14.61%, and semiconductor company Veeco Instruments Inc. (VECO) by 10.01%.

Over the years, FPA Capital has become closely associated with the name of its legendary value investor Robert Rodriguez. Study the rest of the trade details for FPA Capital.



If you are not a Premium Member, we invite you for a 7-day Free Trial.

The 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.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

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: 2.6/5 (5 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