Columbia Wanger is one of the largest asset managers in America. As of June 30, the firm held 310 stocks valued at over $22 billion. The following companies represent the stocks that the portfolio managers of Columbia Wanger made the largest increases to.
MRC Global (MRC)
Over the duration of the second quarter, Columbia Wanger upped their position in MRC Global by 258.43%. The fund purchased 1,809,000 shares of the company’s stock at an average price of $29.69. Since their increase, the price per share has dropped -18.9%.
Columbia Wanger currently holds on 2,509,000 shares of MRC Global, representing 2.47% of the company’s shares outstanding and 0.3% of their total portfolio.
Columbia Wanger’s holding history of MRC Global as of the second quarter:
MRC is the largest, global distributor of pipe, valve and fitting products and services to the energy and industrial markets.
MRC Global’s historical revenue and net income:
The company’s second quarter results reported:
· Sales of $1.268 billion.
· Diluted EPS of $0.43.
· Adjusted EBITDA of $98.9 million.
MRC Global has a market cap of $2.46 billion. Its shares are currently trading at around $24.22 with a P/E ratio of 17.80, a P/S ratio of 0.50 and a P/B ratio of 2.00.
CoreSite Realty Corp (COR)
During the second quarter, Columbia Wanger increased their holdings in CoreSite Realty by 256.43%. The fund purchased a total of 1,176,650 shares of the company’s stock. They purchased these shares at an average price of $34.19 and since then the price per share has increased an additional 4.1%.
Columbia Wanger now holds on to 1,635,500 shares of CoreSite, representing 7.71% of the company’s shares outstanding and 0.23% of their total portfolio. The fund’s holding history of CoreSite as of the second quarter:
CoreSite Realty is a data center chosen by more than 750 of the world’s leading carriers and mobile operators, content and cloud providers, media and entertainment companies, and global enterprises to run their performance-sensitive applications and to connect and do business.
CoreSite’s historical revenue and net income:
The company’s second quarter results highlighted:
· FFO of $0.45 per diluted share, a 21.6% increase year over year
· Operating revenue of $57.7 million, a 13.9% increase.
· Realized rent growth on signed renewals of 5.4% on a cash basis and 11.7% on a GAAP basis.
CoreSite Realt has a market cap of $760 million. Its shares are currently trading at around $35.53 with a P/E ratio of 99.30, a P/S ratio of 3.40 and a P/B ratio of 3.50.
Envestnet (ENV)
During the second quarter, Columbia Wanger increased their position in Envestnet by 187.59%. The fund purchased a total of 511,394 shares at an average price of $20.28 per share. Since their addition, the price per share has increased approximately 26%.
The fund now holds on to a total of 784,000 shares of Envestnet, representing 2.42% of the company’s shares outstanding and 0.084% of their total portfolio.
Columbia Wanger’s holding history as of the second quarter:
Envestnet is a provider of unified wealth management technology and services to investment advisors.
Envestnet’s historical revenue and net income:
The company’s second quarter results report:
· Revenues increased 34% to $51.7 million.
· EBITDA increased 75% to $9.3 million.
· Adjusted net income was $4.5 million, or $0.13 per diluted share.
· Net income was $1.1 million, or $0.03 per diluted share.
The company completed their acquisition of Prudential Wealth Management on July 1.
Envestnet has a market cap of $857.6 million. Its shares are currently trading at around $26.44 with a P/E ratio of 1762.50, a P/B ratio of 6.90 and a P/S ratio of 5.20.
Demandware (DWRE)
During the second quarter, Columbia Wanger increased their holdings in Demandware by 162.49%. The fund added 948,503 shares to their stake in the company at an average price of $30.30. Since this buy, the price per share has increased 46.2%.
Columbia Wanger now holds on to 1,532,227 shares of Demandware, representing 5.10% of the company’s shares outstanding and 0.28% of their total portfolio. The fund’s holding history as of the second quarter:
Demandware is a provider of software-as-a-service e-commerce solutions that enable companies to easily design, implement and manage their own customized e-commerce sites, including websites, mobile applications and other digital storefronts.
Demandware’s historical revenue and net income:
The company’s second quarter financials report:
· Subscription revenue of $20.8 million, up 37%
· Total revenue was $23.2 million, a 26% increase.
· 162 live customers, an increase of 31% from 124 last year.
· GAAP net loss was $8.5 million, or $(0.28) per diluted share.
Demandware has a market cap of $1.34 billion. Its shares are currently trading at around $44.31 with a P/S ratio of 15.60 and a P/B ratio of 14.30.
You can view Columbia Wanger’s second quarter portfolio here.
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MRC Global (MRC)
Over the duration of the second quarter, Columbia Wanger upped their position in MRC Global by 258.43%. The fund purchased 1,809,000 shares of the company’s stock at an average price of $29.69. Since their increase, the price per share has dropped -18.9%.
Columbia Wanger currently holds on 2,509,000 shares of MRC Global, representing 2.47% of the company’s shares outstanding and 0.3% of their total portfolio.
Columbia Wanger’s holding history of MRC Global as of the second quarter:
MRC is the largest, global distributor of pipe, valve and fitting products and services to the energy and industrial markets.
MRC Global’s historical revenue and net income:
The company’s second quarter results reported:
· Sales of $1.268 billion.
· Diluted EPS of $0.43.
· Adjusted EBITDA of $98.9 million.
MRC Global has a market cap of $2.46 billion. Its shares are currently trading at around $24.22 with a P/E ratio of 17.80, a P/S ratio of 0.50 and a P/B ratio of 2.00.
CoreSite Realty Corp (COR)
During the second quarter, Columbia Wanger increased their holdings in CoreSite Realty by 256.43%. The fund purchased a total of 1,176,650 shares of the company’s stock. They purchased these shares at an average price of $34.19 and since then the price per share has increased an additional 4.1%.
Columbia Wanger now holds on to 1,635,500 shares of CoreSite, representing 7.71% of the company’s shares outstanding and 0.23% of their total portfolio. The fund’s holding history of CoreSite as of the second quarter:
CoreSite Realty is a data center chosen by more than 750 of the world’s leading carriers and mobile operators, content and cloud providers, media and entertainment companies, and global enterprises to run their performance-sensitive applications and to connect and do business.
CoreSite’s historical revenue and net income:
The company’s second quarter results highlighted:
· FFO of $0.45 per diluted share, a 21.6% increase year over year
· Operating revenue of $57.7 million, a 13.9% increase.
· Realized rent growth on signed renewals of 5.4% on a cash basis and 11.7% on a GAAP basis.
CoreSite Realt has a market cap of $760 million. Its shares are currently trading at around $35.53 with a P/E ratio of 99.30, a P/S ratio of 3.40 and a P/B ratio of 3.50.
Envestnet (ENV)
During the second quarter, Columbia Wanger increased their position in Envestnet by 187.59%. The fund purchased a total of 511,394 shares at an average price of $20.28 per share. Since their addition, the price per share has increased approximately 26%.
The fund now holds on to a total of 784,000 shares of Envestnet, representing 2.42% of the company’s shares outstanding and 0.084% of their total portfolio.
Columbia Wanger’s holding history as of the second quarter:
Envestnet is a provider of unified wealth management technology and services to investment advisors.
Envestnet’s historical revenue and net income:
The company’s second quarter results report:
· Revenues increased 34% to $51.7 million.
· EBITDA increased 75% to $9.3 million.
· Adjusted net income was $4.5 million, or $0.13 per diluted share.
· Net income was $1.1 million, or $0.03 per diluted share.
The company completed their acquisition of Prudential Wealth Management on July 1.
Envestnet has a market cap of $857.6 million. Its shares are currently trading at around $26.44 with a P/E ratio of 1762.50, a P/B ratio of 6.90 and a P/S ratio of 5.20.
Demandware (DWRE)
During the second quarter, Columbia Wanger increased their holdings in Demandware by 162.49%. The fund added 948,503 shares to their stake in the company at an average price of $30.30. Since this buy, the price per share has increased 46.2%.
Columbia Wanger now holds on to 1,532,227 shares of Demandware, representing 5.10% of the company’s shares outstanding and 0.28% of their total portfolio. The fund’s holding history as of the second quarter:
Demandware is a provider of software-as-a-service e-commerce solutions that enable companies to easily design, implement and manage their own customized e-commerce sites, including websites, mobile applications and other digital storefronts.
Demandware’s historical revenue and net income:
The company’s second quarter financials report:
· Subscription revenue of $20.8 million, up 37%
· Total revenue was $23.2 million, a 26% increase.
· 162 live customers, an increase of 31% from 124 last year.
· GAAP net loss was $8.5 million, or $(0.28) per diluted share.
Demandware has a market cap of $1.34 billion. Its shares are currently trading at around $44.31 with a P/S ratio of 15.60 and a P/B ratio of 14.30.
You can view Columbia Wanger’s second quarter portfolio here.
Try a free 7-day premium membership here.
