GuruFocus Premium Membership

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

Free Trial

Free 7-day Trial
All Articles and Columns »

FPA Crescent Fund Buys CareFusion, Oracle, Health Net, Sells Omnicare, Travelers, Ensco

GuruFocus

GuruFocus

362 followers
FPA Crescent Fund’s Steven Romick reported the fund’s second quarter portfolio. He buys CareFusion Corp, Oracle Corporation, Health Net Inc, Occidental Petroleum Corporation, ARRIS Group Inc, , sells Omnicare Inc, Travelers Companies, Inc., Ensco PLC, PetSmart Inc., Xerox Corporation, CIT Group Inc, Bank of New York Mellon Corp, Johnson & Johnson, , Lowe's Companies Inc., American Greetings Corporation during the 3-months ended 06/30/2013, according to the most recent filings of his investment company, FPA Crescent Fund.

Steven Romick is a deep value investor. His portfolio usually has some short positions, too. Over the past 10 years, he has averaged 9% a year, as the general market up by 7.3% a year. To learn more about Steven Romick, read GuruFocus Interview with him.

As of 06/30/2013, FPA Crescent Fund owns 57 stocks with a total value of $6.8 billion. These are the details of the buys and sells.

For the details of Steven Romick's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Steven+Romick

This is the sector weightings of his portfolio:

Technology 22%
Healthcare 20.2%
Financial Services 18.5%
Consumer Defensive 16.3%
Consumer Cyclical 11.8%
Energy 6.4%
Industrials 4.3%


These are the top 5 holdings of Steven Romick

1. Microsoft Corporation (MSFT) - 11,715,000 shares, 5.9% of the total portfolio.

2. Aon plc (AON) - 6,249,200 shares, 5.9% of the total portfolio.

3. CVS Caremark Corp (CVS) - 6,805,000 shares, 5.7% of the total portfolio.

4. Thermo Fisher Scientific Inc (TMO) - 3,695,000 shares, 4.6% of the total portfolio.

5. Covidien PLC (COV) - 4,851,700 shares, 4.5% of the total portfolio.



New Purchase: CareFusion Corp (CFN)

Steven Romick initiated holdings in CareFusion Corp. His purchase prices were between $33.21 and $38.17, with an estimated average price of $35.35. The impact to his portfolio due to this purchase was 2.6%. His holdings were 4,794,400 shares as of 06/30/2013.

New Purchase: Health Net Inc (HNT)

Steven Romick initiated holdings in Health Net Inc. His purchase prices were between $26.95 and $32.77, with an estimated average price of $30.13. The impact to his portfolio due to this purchase was 0.92%. His holdings were 1,958,000 shares as of 06/30/2013.

Sold Out: Travelers Companies, Inc. (TRV)

Steven Romick sold out his holdings in Travelers Companies, Inc.. His sale prices were between $77.85 and $87.9, with an estimated average price of $84.05.

Sold Out: Ensco PLC (ESV)

Steven Romick sold out his holdings in Ensco PLC. His sale prices were between $51.73 and $64.02, with an estimated average price of $58.77.

Sold Out: PetSmart Inc. (PETM)

Steven Romick sold out his holdings in PetSmart Inc.. His sale prices were between $61.74 and $70.51, with an estimated average price of $67.36.

Added: Oracle Corporation (ORCL)

Steven Romick added to his holdings in Oracle Corporation by 43.24%. His purchase prices were between $29.96 and $35.1, with an estimated average price of $33.18. The impact to his portfolio due to this purchase was 1.21%. His holdings were 8,830,000 shares as of 06/30/2013.

Added: Occidental Petroleum Corporation (OXY)

Steven Romick added to his holdings in Occidental Petroleum Corporation by 32.04%. His purchase prices were between $78.95 and $94.75, with an estimated average price of $88.19. The impact to his portfolio due to this purchase was 0.85%. His holdings were 2,665,900 shares as of 06/30/2013.

Added: ARRIS Group Inc (ARRS)

Steven Romick added to his holdings in ARRIS Group Inc by 70.32%. His purchase prices were between $14.17 and $17.47, with an estimated average price of $15.82. The impact to his portfolio due to this purchase was 0.62%. His holdings were 7,098,800 shares as of 06/30/2013.

Added: Groupe Bruxelles Lambert (GBLB)

Steven Romick added to his holdings in Groupe Bruxelles Lambert by 22.68%. His purchase prices were between $56.86 and $62.58, with an estimated average price of $59.95. The impact to his portfolio due to this purchase was 0.43%. His holdings were 2,068,628 shares as of 06/30/2013.

Reduced: Douglas Emmett, Inc. (DEI)

Steven Romick reduced to his holdings in Douglas Emmett, Inc. by vered. His sale prices were between $23.74 and $28.18, with an estimated average price of $25.78. The impact to his portfolio due to this sale was 0.16%. Steven Romick still held 0 shares as of 06/30/2013.

Reduced: Omnicare Inc (OCR)

Steven Romick reduced to his holdings in Omnicare Inc by 26.87%. His sale prices were between $40.82 and $47.97, with an estimated average price of $44.74. The impact to his portfolio due to this sale was -1.02%. Steven Romick still held 4,275,000 shares as of 06/30/2013.

Reduced: Xerox Corporation (XRX)

Steven Romick reduced to his holdings in Xerox Corporation by 25.45%. His sale prices were between $8.33 and $9.49, with an estimated average price of $8.87. The impact to his portfolio due to this sale was -0.33%. Steven Romick still held 6,883,300 shares as of 06/30/2013.

Reduced: CIT Group Inc (CIT)

Steven Romick reduced to his holdings in CIT Group Inc by 13.86%. His sale prices were between $40.88 and $47.56, with an estimated average price of $44.21. The impact to his portfolio due to this sale was -0.26%. Steven Romick still held 2,365,000 shares as of 06/30/2013.

Reduced: Johnson & Johnson (JNJ)

Steven Romick reduced to his holdings in Johnson & Johnson by 7.22%. His sale prices were between $81.11 and $88.59, with an estimated average price of $84.86. The impact to his portfolio due to this sale was -0.17%. Steven Romick still held 1,735,000 shares as of 06/30/2013.

Reduced: Bank of New York Mellon Corp (BK)

Steven Romick reduced to his holdings in Bank of New York Mellon Corp by 8.57%. His sale prices were between $26.7 and $30.55, with an estimated average price of $28.72. The impact to his portfolio due to this sale was -0.17%. Steven Romick still held 4,106,700 shares as of 06/30/2013.

Reduced: Unilever NV (UNA)

Steven Romick reduced to his holdings in Unilever NV by 6.16%. His sale prices were between $28.815 and $32.89, with an estimated average price of $31.53. The impact to his portfolio due to this sale was -0.12%. Steven Romick still held 2,790,000 shares as of 06/30/2013.

Reduced: Lowe's Companies Inc. (LOW)

Steven Romick reduced to his holdings in Lowe's Companies Inc. by 6.09%. His sale prices were between $37.32 and $43.23, with an estimated average price of $40.25. The impact to his portfolio due to this sale was -0.12%. Steven Romick still held 2,930,000 shares as of 06/30/2013.

Reduced: American Greetings Corporation (AM)

Steven Romick reduced to his holdings in American Greetings Corporation by 44.5%. His sale prices were between $18.05 and $18.48, with an estimated average price of $18.34. The impact to his portfolio due to this sale was -0.05%. Steven Romick still held -233,000 shares as of 06/30/2013.

Reduced: Crescent Point Energy Corp (CPG)

Steven Romick reduced to his holdings in Crescent Point Energy Corp by rt. His sale prices were between $35.01 and $38.78, with an estimated average price of $37.11. The impact to his portfolio due to this sale was -0.08%. Steven Romick still held -150,000 shares as of 06/30/2013.

Reduced: Baytex Energy Corp (BTE)

Steven Romick reduced to his holdings in Baytex Energy Corp by rt. His sale prices were between $36.64 and $42.62, with an estimated average price of $39.29. The impact to his portfolio due to this sale was -0.06%. Steven Romick still held -113,500 shares as of 06/30/2013

Here is the complete portfolio of Steven Romick. Also check out:

1. Steven Romick's Undervalued Stocks

2. Steven Romick's Top Growth Companies, and

3. Steven Romick's High Yield stocks

4. Stocks that Steven Romick keeps buying


Rating: 2.5/5 (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