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Oakmark International Fund's Top Second Quarter Increases

Monica Wolfe

Monica Wolfe

127 followers
David Herro has been a manager of the Oakmark International Fund since 1992 and the Oakmark Inernational Small Cap Fund since 1995. Herro added six new stocks to the Oakmark International Fund over the duration of the second quarter.

As of June 30, Herro holds 60 stocks valued at approximately $16.155 billion.



The following five companies represent the largest increases David Herro made to individual stocks during the second quarter.

Atlas Copco AB (OSTO:ATCO B)

During the second quarter, Herro increased his position in Atlas Copco B by 178%. The guru purchased a total of 7,937,000 shares in the second quarter price range of kr138.30 to kr166.50, with an estimated average purchase of kr154.32. The share price is up 6.3% since then.

Herro maintains 12,396,000 shares of Atlas Copco representing 1.6% of his total portfolio. Herro’s holding history as of the second quarter:

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Atlas Copco provides industrial productivity solutions. The company’s products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems to related aftermarket and rental. The company is headquartered in Stockholm, Sweden.

Atlas Copco’s historical revenue and net income:

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The Peter Lynch Chart suggests that the company is currently overvalued:

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Atlas Copco AB has a market cap of kr201.66 billion. Its shares are currently trading around kr164.00 with a P/E ratio of 15.34, a P/S ratio of 2.29 and a P/B ratio of 6.33. The company had an annual average earnings growth of 12.8% over the past five years.

Akzo Nobel NV (XAMS:AKZA)

During the second quarter Herro upped his position in Akzo Nobel by 152.77%. The guru purchased a total of 3.5 million shares in the second quarter price range of €42.65 to €50.03, with an estimated average price of €47.22. The share price is up approximately 0.1% since then.

Herro holds 5,791,000 shares of Akzo as of the second quarter, representing 2.42% of the company’s shares outstanding and 2% of his total portfolio.

Herro’s holding history as of the second quarter:

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Akzo Nobel is one of the world’s leading companies in select areas of healthcare products including coatings, chemicals and fibers. The company also makes paints, stains, synthetic resins, ethical and nonprescription drugs, hospital related supplies and several other products.

Akzo Nobel’s historical revenue and net income:

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Akzo Nobel NV has a market cap of €11.45 billion. Its shares are currently trading at around €47.28 with a P/E ratio of 29.94, a P/S ratio of 0.75 and a P/B ratio of 1.72.

Smiths Group PLC (LSE:SMIN)

Herro increased his holdings in Smiths Group 123.09% throughout the duration of the second quarter. Herro purchased a total of 7,661,000 shares of Smiths in the price range of £12.08 to £13.90, with an estimated average price of £12.86. Since then the share price is up about 2.3%.

Herro holds on to 13,885,000 shares of Smiths Group, representing 3.53% of the company’s shares outstanding and 1.7% of his total portfolio.

Herro’s holding history as of the second quarter:

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Smiths Group PLC is engaged in development, manufacturing, sale and support of detection technologies, engineered products & services, medical devices, electronic components and engineered components.

Smiths Group’s historical revenue and net income:

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The Peter Lynch Chart suggests that the company is currently undervalued:

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Smiths Group has a market cap of £5.18 billion. Its shares are currently trading at around £13.16 with a P/E ratio of 16.64, a P/S ratio of 1.68 and a P/B ratio of 5.25. The company had an annual average earnings growth of 20.8% over the past ten years.

Tesco PLC (LSE:TSCO)

During the second quarter Herro increased his position in Tesco 111.3% by purchasing a total of 34,973,000 shares. He bought these shares in the second quarter price range of £3.26 to £3.88, with an estimated average price of £3.64. Since then, the share price is up approximately 0.3%.

The guru holds on to 66,395,000 shares of Tesco, representing 2.1% of his total portfolio.

Herro’s holding history as of the second history:

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Tesco PLC is engaged in the retailing and associated activities in the UK, China, the Czech Republic, Hungary, the Republic of Ireland, India, Japan, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the US. It also provides retail banking and insurance services through its subsidiary, Tesco Bank.

Tesco’s historical revenue and net income:

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Tesco PLC has a market cap of £29.5 billion. Its shares are currently trading at around £3.65 with a P/E ratio of 21.10, a P/S ratio of 0.45 and a P/B ratio of

GuruFocus rated the company the business predictability rank of 3-star.

Holcim Ltd (XSWX:HOLN)

Herro upped his stake in Holcim by 94.37% during the second quarter. The guru purchased a total of 2,345,000 shares in the second quarter price range of CHF63.40 to CHF78.40, with an estimated average price of CHF72.12. Since then the price per share has dropped approximately -8.1%.

Herro now holds 4.83 million shares of Holcim, representing 1.51% of the company’s shares outstanding and 2.1% of his total portfolio.

Herro’s holding history as of the second quarter:

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Holcim is one of the world’s leading suppliers of cement and aggregates as well as further activities such as ready-mix concrete and asphalt including services.

Holcim’s historical revenue and net income:

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Holcim has a market cap of CHF21.57 billion. Its shares are currently trading at around CHF66.30 with a P/E ratio of 26.81, a P/S ratio of 1.01 and a P/B ratio of 1.12.

You can check out David Herro’s second quarter portfolio here.

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