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Spanish Investor Francisco Parames' Five New First-Quarter Stocks

Holly LaFon

Holly LaFon

273 followers
Francisco Garcia Parames (Trades, Portfolio) is the chief investment officer of Spanish firm Bestinver, who invests in the value style of Ben Graham, Warren Buffett (Trades, Portfolio) and Peter Lynch. Bestinver has €7.5 billion in assets, spread across seven mutual funds, four pension funds, and either other funds. As of first quarter-end, its mutual fund Bestinfond – which invests up to 100% in Spanish and international stocks – contained 101 holdings, and was valued at $1.83 billion. The largest sector represented in the fund is Industrials at 33.4%, followed by Consumer Cyclical at 26.6% and Consumer Defensive at 12%.

Managers purchased 11 new stocks for the fund during the quarter. The largest new buys are: Colruyt (XBRU:COLR), Ashmore Group Plc (LSE:ASHM), Koninklijke Ahold NV (XAMS:AHO), Aberdeen Asset Management Plc (LSE:ADN) and Viscofan SA (XMCE:VIS).

Colruyt (XBRU:COLR)

As the largest new holding, Parames purchased 1,008,300 shares of Colruyt, representing 2.2% of the portfolio. His fourth quarter average purchase price was $40 a share.

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Colruyt retails food and non-food products. It operates through its subsidiaries. Colruyt has a market cap of $6.36 billion; its shares were traded at around $40.60 with a P/E ratio of 17.60 and P/S ratio of 0.75. The dividend yield of Colruyt stocks is 1.85%.

Ashmore Group Plc (LSE:ASHM)

Parames purchased 8,077,734 shares of Ashmore Group for a 1.8% segment of the portfolio. The fourth quarter share price of the stock was $3 on average.

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Ashmore Group Plc is engaged in the provision of investment management services. Ashmore Group Plc has a market cap of $2.53 billion; its shares were traded at around $3.50 with a P/E ratio of 12.30 and P/S ratio of 7.33. The dividend yield of Ashmore Group Plc stocks is 4.56%. Ashmore Group Plc had an annual average earnings growth of 14.10% over the past five years.

Koninklijke Ahold NV (XAMS:AHO)

Parames purchased 2,240,838 shares of Koninklijke Ahold NV, a 1.8% portfolio weight. The share price averaged $13 during the quarter for the stock.

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Koninklijke Ahold NV is in the operation of retail stores in Europe and the U.S. through subsidiaries and joint ventures. Koninklijke Ahold NV has a market cap of $12.62 billion; its shares were traded at around $13.92 with a P/E ratio of 22.60 and P/S ratio of 0.42. The dividend yield of Koninklijke Ahold NV stocks is 2.87%.

Aberdeen Asset Management Plc (LSE:ADN)

Parames purchased 6,079,725 shares of Aberdeen Asset Management, a 1.6% portfolio segment. The fourth quarter stock price averaged $4 a share.

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Aberdeen Asset Management Plc is an investment management group, managing assets for both institutional and retail clients from offices around the world. Aberdeen Asset Management Plc has a market cap of $5.75 billion; its shares were traded at around $4.37 with a P/E ratio of 16.60 and P/S ratio of 4.87. The dividend yield of Aberdeen Asset Management Plc stocks is 3.64%. Aberdeen Asset Management Plc had an annual average earnings growth of 61.40% over the past five years.

Viscofan SA (XMCE:VIS)

Parames bought 360,364 shares of Viscofan SA in the fourth quarter, a 0.76% portfolio weight. The share price in the fourth quarter averaged $39.

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Viscofan SA manufactures artificial casings made of cellulose, collagen, and plastic for use in the meat industry. Viscofan SA has a market cap of $1.76 billion; its shares were traded at around $37.69 with a P/E ratio of 17.50 and P/S ratio of 2.29. The dividend yield of Viscofan SA stocks is 2.31%. Viscofan SA had an annual average earnings growth of 13.10% over the past 10 years. GuruFocus rated Viscofan SA the business predictability rank of 3-star.

See more Francisco Garcia Parames (Trades, Portfolio)’ stocks in his portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!


Rating: 5.0/5 (4 votes)

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Comments

parklanefamilyoffice
Parklanefamilyoffice - 6 months ago

You forgot to mention the 3 million new shares of Tesco, taking Bestinver to >10m in total.

vgm
Vgm - 6 months ago

Parklane -- thanks, that's really interesting. Do you have a link for the information? Bestinver also bought Morrison last fall. Do you know if they still hold it? The entire sector has been hit hard recently - Sainsbury too.

parklanefamilyoffice
Parklanefamilyoffice - 6 months ago

No, but you can see it by looking at his new buys in the info on his portfolio above (click for next page. Probably requires subscription). Personally I am very bullish on Tesco, not so much on Morrisons. Parames sold out of Morrisons altoghether, apparently.

Nirag
Nirag - 6 months ago

I guess figures in dollars should in fact be in euros.

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