A great way to get new investing ideas is to follow the investing gurus. Real-Time Picks are recent filings with the SEC in relation to a single holding that has either been either initiated, added to, reduced, or sold out. 13G filings indicate a passive position while 13D filings indicate an activist position. Form 13Fs disclosing end of quarter portfolio are due within 45 days after the end of the quarter. Stay tuned as they come in and are updated at GuruFocus. Here are the most recent of the 13D and 13G filings from the gurus.
Eric Mindich of Eton Park Capital Management initiated a new holding of 3,666,846 shares of Armstrong World Industries Inc (AWI) at the average price of $52.99 on 08/01/2014, as reported in the latest SC filings by Eric Mindich (Trades, Portfolio). The new holding represents 3.36 percent of the shares outstanding. Armstrong is a leading global producer of flooring products and ceiling systems for use primarily in the construction and renovation of residential, commercial and institutional buildings. The stock has been volatile lately and dropped 12 percent after a bad earnings report at the end of July but quickly bounced back on August 1 after the hedge fund, ValueAct, disclosed a new activist position in the company.
Market Cap: 2.94 billion, P/E: 32.00
Business Predictability: 1/5, Financial Strength: 7/10, Profitability & Growth: 5/10
John Paulson of Paulson & Co added 32.72 percent to his NovaCopper Inc (NCQ) holding at the average price of $1.02 on 07/31/2014, as reported in the latest insider filings by John Paulson (Trades, Portfolio). He owns 11,511,649 shares, representing 18.3 percent of the shares outstanding. NovaCopper’s principal business it the exploration and development of its Upper Kobuk Mineral Projects located in the Ambler mining district of Northwest Alaska. An activist position of 29.82 percent is held by Electrum Strategic Resources.
Market Cap: 67.4 million, P/E: N/A
Business Predictability: Not Rated, Financial Strength: 8/10, Profitability & Growth: 3/10
John Paulson of Paulson & Co added 53.6 percent to his Cobalt International Energy Inc (CIE) holding at the average price of $16.06 on 07/31/2014, as reported in the latest 13G filings by John Paulson (Trades, Portfolio). He owns 41,864,000 shares, representing 10.1 percent of the shares outstanding. Cobalt International Energy is an independent exploration and production company with operations in the deepwater U.S. Gulf of Mexico and offshore Angola and Gabon in West Africa. Smaller positions are also held by Hotchkis & Wiley and Leon Cooperman.
Market Cap: 6.06 billion, P/E: Not Rated
Business Predictability: Not Rated, Financial Strength: 5/10, Profitability & Growth: 2/10
Larry Robbins of Glenview Capital Management initiated a new holding of 1,512,989 shares of Group 1 Automotive Inc (GPI) at the average price of $74.52 on 07/31/2014, as reported in the latest 13G filings by Larry Robbins (Trades, Portfolio). The new holding represents 6.24 percent of the shares outstanding. Group 1 Automotive owns and operates auto dealerships and collision service centers in the U.S., U.K., and Brazil. The stock is also held by Joel Greenblatt and Paul Tudor Jones.
Market Cap: 1.84 billion, P/E: 19.80
Business Predictability: 1/5, Financial Strength: 7/10, Profitability & Growth: 6/10
Ron Baron of Baron Funds reduced his RealPage Inc (RP) holding by 78.97 percent at the average price of $16.31 on 07/31/2014, as reported in the latest SC filings by Ron Baron (Trades, Portfolio). He owns 762,379 shares, representing 0.97 percent of the shares outstanding. His peak position was 6.43 million shares in the second quarter of 2013. RealPage is a leading provider of on-demand software solutions for the rental industry. Smaller positions in the stock are held by Columbia Wanger, Murray Stahl, and Jim Simons.
Market Cap: 1.24 billion, P/E: 145.80
Business Predictability: Not Rated, Financial Strength: 7/10, Profitability & Growth: 6/10
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