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Spanish Guru Francisco Garcia Paramés' Top Holdings

Monica Wolfe

Monica Wolfe

119 followers
One of our newest international gurus, Francisco Garcia Paramés, reported his second quarter portfolio changes yesterday.

Paramés is a self-taught value investor from Madrid, Spain who strictly adheres to the value management of Graham, Buffett and Lynch. The guru is the Chief Investment Officer of Bestinver Asset Management and has often been referred to as the “Spanish Warren Buffett.”

During the second quarter the Spanish guru sold out of five companies and bought into nine new ones. As of the close of the second quarter, Paramés’ portfolio contained 101 international stocks valued at over $1.2 billion.



Francisco Garcia Paramés’ Top Five Holdings as of 2013Q2

EXOR S.p.A. (MIL:EXO)

Paramés’ largest position is in EXOR S.p.A., where he holds on to a total of 4,130,150 shares. His position in the company represents 7.7% of his total portfolio.

Paramés made his first buy into the company during the second quarter. He bought the 4.13 million shares in the second quarter price range of €20.81 to €25.03, with an estimated average price of €23.50. Since then the price per share has increased approximately 9.9%.

Paramés’ holding history as of the second quarter:

1377793119358.png

EXOR S.p.A. is one of Europe’s leading investment companies and is controlled by the Agnelli Family. It has a net asset value of over 8.5 billion euros. EXOR makes long-term investments focused on global companies in diversified sectors, mainly in Europe in the U.S.

EXOR’s historical revenue and net income:

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

1377789098961.png

EXOR S.p.A. has a market cap of €4.27 billion. Its shares are currently trading at around €26.63 with a P/E ratio of 15.38, a P/S ratio of 0.04 and a P/B ratio of 0.19. The company had an annual average earnings growth of 256.3% over the past five years.

Bayerische Motoren Werke AG (XTER:BMW3)

Paramés’ second largest position is in Bayerisch Motoren Werke, or BMW. The guru holds on to 1,751,152 shares of the company’s stock. His position in the company represents 7.5% of his total portfolio.

During the second quarter Paramés increased his position 3.01%. The guru bought a total of 51,102 shares in the second quarter price range of €48.99 to €55.66, with an estimated average price of €52.43. Since then the price per share has increased approximately 6%.

Paramés’ holding history as of the second quarter:

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Bayerische Motoren Werke, or BMW, manufactures automobiles and motorcycles worldwide. The company's activities are divided into three segments: Automobiles, Motorcycles and Financial Services.

BMW3’s historical revenue and net income:

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BMW has a market cap of €43.59 billion. Its shares are currently trading at around €55.59 with a P/E ratio of 8.43, a P/S ratio of 0.57 and a P/B ratio of 1.40.

Wolters Kluwer NV (XAMS:WKL)

Paramés’ third largest position is in Wolters Kluwer. The guru holds on to 4,925,131 shares of Wolters Kluwer, representing 1.65% of the company’s shares outstanding and 6.6% of his total portfolio.

During the second quarter Paramés made a slight decrease in his holdings on the company. The guru reduced his position -3.08% by selling 156,466 shares. He sold these shares in the second quarter price range of €15.53 to €17.79, with an estimated average price of €16.85. Since then the price per share has increased about 8.9%.

Paramés’ holding history as of the second quarter:

1377793729130.png

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors.

Wolters Kluwer’s historical revenue and net income:

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The Peter Lynch Chart suggests that the company currently appears to be overvalued:

1377791236290.png

Wolters Kluwer has a market cap of €5.33 billion. Its shares are currently trading at around €18.04 with a P/E ratio of 14.66, a P/S ratio of 1.50 and a P/B ratio of 3.59. The company had an annual average earnings growth of 4.2% over the past ten years.

Thales (XPAR:HO)

Francisco Garcia Paramés’ fourth largest position is in Thales. The guru holds on to 2,190,328 shares, representing 1.10% of the company’s shares outstanding and 6.4% of his total portfolio.

During the second quarter Paramés reduced his holdings by -8.57%. The guru sold a total of 205,368 shares in the second quarter price range of €31.04 to €38.11, with an estimated average price of €35.08. The price per share has increased approximately 9% from the estimated average quarterly price.

Paramés’ holding history as of the second quarter:

1377794314811.png

Thales is a French multinational company that designs and builds electrical systems and provides services for the aerospace, defense, transportation and security markets.

Thales’ historical revenue and net income:

1377791776620.png

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

1377791840016.png

Thales has a market cap of €7.55 billion. Its shares are currently trading at around €37.50 with a P/E ratio of 13.32, a P/S ratio of 0.53 and a P/B ratio of 1.70. The company had an annual average earnings growth of 22.5% over the past five years.

Wm Morrison Supermarkets PLC (LSE:MRW)

Paramés’ fifth largest position is in the British supermarket chain Wm Morrison. Paramés holds on to 13,254,046 shares of the company’s stock, representing 0.57% of the company’s shares outstanding and 3.3% of his total portfolio.

During the second quarter Paramés increased his position in Wm Morrison by 18.79%. The guru bought a total of 2,096,603 shares in the second quarter price range of £2.56 to £2.96, with an estimated average price of £2.77. Since then the price per share has increased approximately 7.2%.

Paramés’ holding history as of the second quarter:

1377795200486.png

Wm Morrison Supermarkets is the fourth largest chain of supermarkets in the U.K. The company is usually referred to and is branded as Morrisons.

Wm Morrison’s historical revenue and net income:

1377792760965.png

The Peter Lynch Chart suggests that the company currently appears to be undervalued:

1377792795007.png

Wm Morrison has a market cap of £6.83 billion. Its shares are currently trading at around £2.93 with a P/E ratio of 11.03, a P/S ratio of 0.39 and a P/B ratio of 1.30. The company had an annual average earnings growth of 9.6% over the past five years.

Check out Parames’ second quarter portfolio here.

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