In the first quarter of 2015, Michael Dell (Trades, Portfolio) made the fewest transactions he has made in any quarter in more than a year – two. The founder of Dell Computer, Dell is one of the richest men in the world, and his transactions are handled by MSD Capital, which Dell and his family own and control.
Managing his transactions wasn’t a complex task in the first quarter with Dell only adding to his existing stakes in PVH Corp (PVH, Financial) and WEX Inc (WEX, Financial). Of the seven stocks currently in Dell’s portfolio, PVH is his fourth-most valuable stake and WEX is his sixth-most valuable.
Dell bought 96,009 shares of PVH Corp, a clothing company that owns well-known brands like Tommy Hilfiger, Calvin Klein, Van Heusen, IZOD and Arrow and licenses several others, for an average price of $108.27 per share. The transaction had a 1.26% impact on Dell’s portfolio.
PVH has a market cap of $9.54 billion and an enterprise value of $12.6 billion. It has a P/E of 21.7, a Price/Book of 2.1 and a Price/Sales of 1.1. Larry Robbins (Trades, Portfolio), Sarah Ketterer (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Columbia Wanger (Trades, Portfolio), Ken Heebner (Trades, Portfolio), Jim Simons (Trades, Portfolio), Scott Black (Trades, Portfolio), John Keeley (Trades, Portfolio), Mariko Gordon (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of PVH in their portfolios. Caxton Associates (Trades, Portfolio) sold its stake in the first quarter.
Dell bought 48,851 shares of WEX Inc, a Maine-based provider of corporate payment solutions, for an average price of $100.88 per share. The purchase had a 0.65% impact on Dell’s portfolio.
WEX has a market cap of $4.45 billion and an enterprise value of $5.2 billion. It has a P/E of 24.2, a Price/Book of 4.2 and a Price/Sales of 5.4. Columbia Wanger (Trades, Portfolio), Ron Baron (Trades, Portfolio), Mariko Gordon (Trades, Portfolio), John Keeley (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of WEX in their portfolios. Steven Cohen (Trades, Portfolio), RS Investment Management (Trades, Portfolio) and Joel Greenblatt (Trades, Portfolio) sold their stakes in the first quarter.
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