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Signature Select Canadian Fund's Top Holdings

Monica Wolfe

Monica Wolfe

123 followers
Signature Select Canadian Fund (Trades, Portfolio) is a relatively new fund followed by GuruFocus as a part of its global coverage. The fund, led by Chief Investment Officer Eric Bushnell, reported its first quarter portfolio holdings this past week. Signature Select’s second quarter portfolio boasted 114 stocks, with 25 of those being new, valued at $1.55 billion. The following five companies represent the five stocks Signature Select Canadian Fund (Trades, Portfolio) holds the largest stake in.

Toronto-Dominion Bank (TSX:TD)

The fund’s largest holding is in Toronto-Dominion Bank where they hold on to 2,386,500 shares of the company’s stock. This position makes up for 8% of their total portfolio as well as 0.13% of the company’s shares outstanding.

Over the past quarter Signature Select upped their holdings 0.45% by purchasing 10,700 shares of the company’s stock. They purchased these shares near the estimated average quarterly price of $49.74 per share. Since then the price per share is up approximately 10.2%.

Signature Select’s historical holding history:

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Toronto-Dominion is a Canada-based bank. The Company and its subsidiaries are collectively known as TD Bank Group (the Bank or TD). The bank serves its customers in four operating businesses.

Toronto-Dominon’s historical revenue and net income:

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The analysis on the company reports that its price is near a 10-year high, its operating margin is expanding and it has shown predictable revenue and earnings growth.

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

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Toronto-Dominion Bank has a market cap of C$101.33 billion. Its shares are currently trading at around C$54.82 with a P/E ratio of 14.50 and a P/S ratio of 3.48. The company had an annual average earnings growth of 6.30% over the past ten years.

GuruFocus rated Toronto-Dominion the business predictability rank of 2.5-star.

Bank of Nova Scotia (TSX:BNS)

The fund’s second largest position is in Bank of Nova Scotia where they hold on to 1,540,750 shares of the company’s stock. This position makes up for 6.4% of the fund’s total holdings as well as 0.13% of the company’s shares outstanding.

Over the past quarter Select Canadian upped their stake in the company 73.23% by purchasing 651,300 shares of the company’s stock. They purchased these near the average quarterly price of $63.58 per share. Since then the price per share has increased approximately 12.1%.

The fund’s historical holding history:

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Bank of Nova Scotia is a full-service financial institution, which operates its business in four major business lines: Canadian Banking, International Banking, Global Wealth Management and Scotia Capital.

Bank of Nova Scotia’s historical revenue and net income:

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The analysis on the Bank of Nova Scotia reports that the company’s price is near a 10-year high, its operating margin is expanding and it has shown predictable revenue and earnings growth.

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

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Bank of Nova Scotia has a market cap of C$86.55billion. Its shares are currently trading at around $71.28 with a P/E ratio of 13.20 and a P/S ratio of 3.81. The company had an annual average earnings growth of 6.90% over the past ten years.

GuruFocus rated the company the business predictability rank of 4-star.

Royal Bank of Canada (TSX:RY)

Royal Bank of Canada is Signature Select’s third largest fund. They hold on to 1,021,550 shares, representing 4.8% of the fund’s total portfolio as well as 0.07% of the company’s shares outstanding.

Over the past quarter Signature Select upped their stake 5.15% by purchasing 50,000 shares. They purchased these shares near the estimated average quarterly price of $71.37 per share. Since then the price per share has increased approximately 6.5%.

The fund’s historical holding history:

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Royal Bank of Canada is a diversified financial services company, which provides personal and commercial banking services and a broad suite of products and financial services to individual and business clients.

Royal Bank of Canada’s historical revenue and net income:

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The analysis on the Royal Bank of Canada reports that the company’s dividend yield is near a 3-year low and that its price is near a 10-year high. It also notes that the company’s Piotroski F-Score is high, it has shown predictable revenue and earnings growth and its operating margin is expanding.

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

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Royal Bank of Canada has a market cap of C$109.95 billion. Its shares are currently trading at around $76.03 with a P/E ratio of 13.20 and a P/S ratio of 3.48. The company had an annual average earnings growth of 6.50% over the past ten years.

GuruFocus rated the company the business predictability rank of 4-star.

Suncor Energy (TSX:SU)

Signature Select’s fourth largest position is in Suncor Energy where they hold on to 1,278,024 shares of the company’s stock. This position makes up for 3.2% of the guru’s total portfolio as well as 0.09% of the company’s shares outstanding.

Over the past quarter the fund increased their holdings 1.69% by purchasing 21,200 shares of the company’s stock. They bought these shares near the estimated average quarterly price of $36.77. Since then the price per share has increased approximately 24%.

Signature Select’s holding history:

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The company produces a number of refinery feedstock, diesel fuel and by-products by developing its resource leases. It also explores, acquires, develops, produces and markets crude oil and natural gas, transports and refines crude oil and markets petroleum and petrochemical products.

Suncor Energy’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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Suncor Energy has a market cap of $66.81 billion. Its shares are currently trading at around $45.61 with a P/E ratio of 15.80, a P/S ratio of 1.66 and a P/B ratio of 2.39. The company had an annual average earnings growth of 9.60% over the past ten years.

Roche Holding AG (XSWX:ROG)

The fifth largest holding of Signature Select Canadian Fund (Trades, Portfolio)’s is actually not a company, but instead the Switzerland-based Roche Holding AG. The fund holds on to 144,500 shares of the company’s stock, representing 3.1% of their total portfolio as well as 0.02% of the company’s shares outstanding.

Over the past quarter the fund upped their holdings 2.34% by purchasing 3,300 shares of the company’s stock. They bought these shares near the estimated average quarterly price of $257.27 per share. Since then the price per share has increased approximately 2.7%.

The fund’s historical holding history:

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Roche Holding AG manufactures and develops pharmaceutical product. It produces drugs for cardiovascular, infectious, dermatology, autoimmune, and respiratory diseases. Roche Holding’s headquarters are located in Basel, Switzerland.

Roche Holding’s historical revenue and net income:

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The analysis on the company reports that the revenue has been in decline over the past five years, the operating margin is expanding and that the price is sitting near a 5-year high.

The Peter Lynch Chart suggests that Roche is currently overvalued:

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Roche Holding AG has a market cap of CHF226.12 billion. Its shares are currently trading at around CHF264.20 with a P/E ratio of 19.90, a P/S ratio of 4.87 and a P/B ratio of 12.54. The company had an annual average earnings growth of 6.40% over the past ten years.

Check out Signature Select Canadian Fund’s complete first quarter holdings here.

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