Howard Marks (Trades, Portfolio) is the founder of Oaktree Capital Management, a management form with $99 billion in assets under management. The firm focuses on less efficient markets and alternative investments to achieve superior returns while minimizing risk.
At the end of the first quarter, Marks’ portfolio contained 68 stocks with a total value of $6.2 billion. Nine of the stocks were new, and the top sectors represented were Real Estate at 31.2%, Consumer Cyclical at 22.9% and Financial Services at 12.6%.
Marks’ largest new first quarter buys were: Actavis PLC (ACTPRA, Financial), America Movil SAB de CV (AMX, Financial), Alibaba Group Holding Ltd. (BABA, Financial), Energy Company of Minas Gerais (CIG, Financial) and Liberty Ventures (LVNTA, Financial).
Actavis PLC (ACTPRA, Financial)
Marks purchased 65,500 shares of Actavis, a 1.07% portfolio holding. The stocks’ average price was $1,041 per share for the quarter.
Actavis PLC, formerly known as Actavis Limited, was incorporated in Ireland on May 16, 2013. It has a P/S ratio of 5.06. Actavis Plc had an annual average earnings growth of 3.8% over the past five years.
America Movil SAB de CV (AMX, Financial)
Marks purchased 1,441,686 shares of American Movil, a 0.48% portfolio weighting. The stocks’ average price was $21 for the quarter.
America Movil SAB de CV was incorporated under laws of Mexico on Sept. 25, 2000. America Movil Sab De CV has a market cap of $68.17 billion; its shares were traded at around $20.19 with a P/E ratio of 32.9 and P/S ratio of 1.30. The dividend yield of America Movil Sab de CV stocks is 1.80%. America Movil Sab De CV had an annual average earnings growth of 16.8% over the past 10 years. GuruFocus rated America Movil Sab de CV the business predictability rank of 2-star.
Alibaba Group Holding Ltd. (BABA, Financial)
Marks purchased 345,000 shares of Alibaba Group, a 0.46% portfolio weight. The stock’s average price was $90 for the quarter.
Alibaba Group Holding Ltd. was incorporated in the Cayman Islands on June 28, 1999. Alibaba Group Holding Ltd. has a market cap of $216.53 billion; its shares were traded at around $86.77 with a P/E ratio of 49.3 and P/S ratio of 18.8. Alibaba Group Holding Ltd. had an annual average earnings growth of 127.4% over the past five years.
Energy Company of Minas Gerais (CIG, Financial)
Marks purchased 6,915,563 shares of Energy Company of Minas Gerais , a 0.46% portfolio holding. The company’s average share price for the quarter was $4.
Energy Company of Minas Gerais was organized in Minas Gerais, Brazil on May 22, 1952. Energy Company of Minas Gerais has a market cap of $8.07 billion; its shares were traded at around $5.24 with a P/E ratio of 10.10 and P/S ratio of 2.50. The dividend yield of Energy Company of Minas Gerais stocks is 2.9%. Energy Company of Minas Gerais had an annual average earnings growth of 37.2% over the past 10 years.
Liberty Ventures (LVNTA, Financial)
Marks purchased 308,196 shares of Liberty Ventures, a 0.21% portfolio weight. The stock’s average price was $39 for the quarter.
Liberty Ventures has a market cap of $6.02 billion; its shares were traded at around $42.59.
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