Columbia Wanger (Trades, Portfolio) has over 100 years of experience as one of the nation's largest asset managers and many of the funds consistently recieve 4 or 5-star ratings from Morningstar.
Last week, the firm announced its launching of the Columbia Adaptive Alternatives Fund (CLAAX), a liquid alternative mutual fund that allows retail investors access to a diverse portfolio of alternative investments.
“Alternative investments offer the potential to increase portfolio diversification by generating returns that are uncorrelated to traditional stock and bond markets. We are excited to bring investors a daily liquid alternative mutual fund powered by the hedge fund expertise of Blackstone and the alternative investment expertise of Columbia," Portfolio Manager Bill Landes says.
Here's a look at the firm's newest additions to its portfolio of 272 stocks, valued at $20.186 billion and a quarter-over-quarter turnover rate of 4%.
VWR Corp comprises 0.27% of the firm's overall portfolio and 1.59% of the company's shares outstanding. The firm currently owns 2,093,800 shares, valued at $54.16 million.
The company was incorporated in Delaware in 2007 and offers a distribution and services network that reaches specialized labs and facilities internationally, distributing lab supplies, such as chemicals, glassware, equipment, instruments, protective clothing and other products.
According to the Peter Lynch earnings line, this stock is undervalued, currently trading at $23.57/share.
The company's current ratio is sitting comfortably at 1.75, which indicates good short-term financial strength.
Another guru that currently has this stock in its portfolio is Vanguard Health Care Fund (Trades, Portfolio).
Cadence Design Systems Inc. (CDNS, Financial)
Columbia purchased 2,104,100 shares if CDNS at an average price of $17.95/share, valued at $39.92 million. The holding consists of 0.2% of the firm's overall portfolio and 0.72% of the company's overall shares outstanding.
Cadence was incorporated in 1988 in Delaware as a company that develops solutions customers use to design small and complex integrated circuits, or ICs, and electronic designers.
According to the Lynch earnings line, the stock is overvalued, currently priced at $17.12/share,
The company's current P/E ratio is 39.32, which is close to the 2-year high of 43.84 and the current ratio is sitting at a comfortable 1.04, indicating good short-term financial strength.
Gurus that also have this stock in their current portfolio incude: Larry Robbins (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Mariko Gordon (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Dodge & Cox, George Soros (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Ray Dalio (Trades, Portfolio).
Buffalo Wild Wings Inc (BWLD, Financial)
Buffalo WIld Wings makes up 0.18% of Columbia's overall portfolio and 1.05% of the company's overall shares outstanding. The firm currently owns 199,030 shares, valued at $35.90 million.
Buffalo Wild Wings was founded in 1982 and is known for its New York-style chicken wings, spun in any of its 16 different sauces. The restaurants have an extensive multi-media layout to attract both families and sports fans alike.
According to the Lynch earnings line, the stock is currently overvalued, selling at $193.12.
The company's current P/S ratio is 2.53, which is close to the 10-year high of 2.58 and the P/B ratio is 6.65, close to the 10-year high of 6.62.The current ratio is sitting comfortably at 1.39.
Other gurus currently holding BWLD in their portfolios include: Caxton Associates (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Bill Frels (Trades, Portfolio), Chuck Royce (Trades, Portfolio) and Jim Simons (Trades, Portfolio).
FleetMatics Group PLC (FLTX, Financial)
FleetMatics makes up 0.16% of the firm's overall portfolio and 2.40% of the company's shares outstanding. The firm currently owns 905,839 shares, valued at $32.14 million.
FleetMatics was incorporated in Ireland in 2004. Its mobile software platform enables businesses to manage their local fleets of commercial vehicles and improve productivity by obtaining business intelligence from vehicle and driver behavioral data.
The Lynch earnings line indicates the stock is currently overvalued, currently trading at $37.53.
The current P/E ratio is 46.48, which is close to the one-year high of 49.02 and the current ratio is 4.01, which indicates the company may not be using its current assets efficiently, or there may be problems in working capital management.
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