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Mawer New Canada Fund's Top New Buys

Holly LaFon

Holly LaFon

273 followers
The Mawer New Canada Fund (Trades, Portfolio) seeks primarily smaller Canada-based companies, and sometimes includes Treasury bills or short-term investments with less than three-year maturity dates. It was founded in January 1988 and has a net asset value of $1.23 billion.

Managers invest in diverse companies that generate wealth, have producing management teams and trade at discounts to intrinsic value. They base their analysis on research, discipline and a bottom-up approach, and hold for the long term.

The fund, which being Canadian discloses fund information only twice a year, reported at mid-year holding 55 stocks, six of which were new in the first half. The largest new positions are: Parkland Fuel Corp (TSX:PKI), Raging River Exploration Inc. (TSX:RRX), Logistec Corp (TSX:LGT.B) and Knight Therapeutics Inc. (TSX:GUD).

Parkland Fuel Corp (TSX:PKI)

Mawer purchased 1,209,484 Parkland Fuel Corp shares in the second quarter. The stock price averaged $21.

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Parkland Fuel Corp was incorporated on March 9, 2010 under the Business Corporations Act for the purpose of participating in the Arrangement. Parkland Fuel Corp has a market cap of $1.51 billion; its shares were traded at around $20.52 with a P/E ratio of 21.80 and P/S ratio of 0.23. The dividend yield of Parkland Fuel Corp stocks is 5.19%. Parkland Fuel Corp had an annual average earnings growth of 22.90% over the past 10 years. GuruFocus rated Parkland Fuel Corp the business predictability rank of 2.5-star.

Raging River Exploration Inc. (TSX:RRX)

Mawer purchased 1,170,036 shares of Raging River Exploration Oil & Gas in the second quarter, a 1% portfolio position. The stock’s price averaged $10.

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Raging River Exploration Inc. is an oil and gas exploration company. Raging River Exploration Inc. has a market cap of $1.92 billion; its shares were traded at around $11.01 with a P/E ratio of 21.20 and P/S ratio of 7.21.

Logistec Corp (TSX:LGT.B)

Mawer purchased 197,600 shares of Logistec Corp, a 0.57% portfolio holding. The stock’s price averaged $31 in the quarter.

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Logistec Corp was founded in 1952 and incorporated in the Province of Quebec. Logistec Corp has a market cap of $453.849 million; its shares were traded at around $36.80 with a P/E ratio of 18.20 and P/S ratio of 1.47. The dividend yield of Logistec Corp stocks is 0.64%. Logistec Corp had an annual average earnings growth of 8.70% over the past 10 years. GuruFocus rated Logistec Corp the business predictability rank of 3-star.

Knight Therapeutics Inc. (TSX:GUD)

Mawer bought 647,857 shares of Knight Therapeutics Inc., a 0.29% portfolio holding. The stock’s price averaged $6 for the quarter.

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Knight Therapeutics Inc. has a market cap of $402.043 million; its shares were traded at around $5.17.

See more of Mawer New Canada Fund (Trades, Portfolio)’s stocks at its portfolio. Not a Premium Member of GuruFocus? Try it free for 7 days here.


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