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Howard Marks' Top 5 New Buys

February 12, 2014 | About:

Holly LaFon

249 followers
Widely followed investors Howard Marks (Trades, Portfolio) of Oaktree Capital (OAK) updated his fourth quarter portfolio today. Marks’ portfolio has a $5.4 billion fair value and contains 79 long positions. The guru introduced 12 new stocks during the fourth quarter, for 11% quarter-over-quarter turnover.

The largest new positions Marks bought are: Surgical Care Affiliates Inc. (SCAI), Contango Oil & Gas Company (MCF), Crown Castle International Corp. (CCIPRA), Container Store Group Inc. (TCS) and Baidu Inc. (BIDU).

Surgical Care Affiliates Inc. (SCAI)

Marks bought 2,328,027 shares of Surgical Care Affiliates, giving the company a 1.4% portfolio weight. Surgical Care Affiliates stock price averaged $31 in the fourth quarter.

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Surgical Care Affiliates Inc. is a health care services company founded in 1982, which operates 185 surgical facilities in 34 states. It began trading publicly on Oct. 30, 2013. The company has a market cap of $1.19 billion; its shares were traded at around $30.98 with and P/S ratio of 1.20.

Contango Oil & Gas Company (MCF)

Marks bought 1,287,734 shares of Contango Oil & Gas Company, giving it a 1.1% portfolio weight. The stock’s price averaged $44 in the fourth quarter.

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Contango Oil & Gas Company is engaged in the exploration, development, production and acquisition of natural gas and oil properties offshore in the shallow waters of the Gulf of Mexico. Contango Oil & Gas Company has a market cap of $841.400 million; its shares were traded at around $43.45 with a P/E ratio of 17.50 and P/S ratio of 4.90.

Crown Castle International Corp. (CCIPRA)

Marks purchased 455,000 shares of Crown Castle International Corp., giving it a 0.84% weight in his portfolio. Shares were $100 each on average in quarter four.

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Crown Castle International Corp. is one of the nation’s largest owners and operators of shared wireless infrastructure, such as towers and antenna systems used in wireless communications. The dividend yield of Crown Castle International Corp. stocks is 1.16%.

Container Store Group Inc. (TCS)

Marks bought 557,565 shares of Container Store Group, giving it a 0.45% portfolio weight. The company’s share price averaged $39 in quarter four.

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Container Store Group Inc. has a market cap of $1.85 billion; its shares were traded at around $38.50 with and P/S ratio of 0.20.

Baidu Inc. (BIDU)

Marks purchased 137,097 shares of Baidu, giving it a 0.45% portfolio weight. The stock’s price averaged $162 in the fourth quarter.

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Baidu Inc. is a Chinese web search company. Baidu Inc. has a market cap of $58.35 billion; its shares were traded at around $166.87 with a P/E ratio of 42.50 and P/S ratio of 18.50. Baidu Inc. had an annual average earnings growth of 87.50% over the past five years.

For more of Howard Marks (Trades, Portfolio)’ stocks, visit his portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!


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