Arnold Van Den Berg (Trades, Portfolio), whose Century Management recorded return percentages in double digits in 2013 and 2012, prefers to apply value investment strategies as his investment philosophy. With that in mind, he added four new stakes to his portfolio in the second quarter.
The most significant acquisition was his 478,985-share stake in General Motors Co (GM, Financial), an automotive company based in Detroit, for an average price of $35.7 per share. The transaction had a 2.42% impact on his portfolio.
General Motors has a market cap of $51.08 billion and an enterprise value of $75.64 billion. It has a P/E of 14.9, a Price/Book of 1.4 and a Price/Sales of 0.4. Warren Buffett (Trades, Portfolio), David Tepper (Trades, Portfolio), HOTCHKIS & WILEY, David Einhorn (Trades, Portfolio), Bill Nygren (Trades, Portfolio), Brian Rogers (Trades, Portfolio), George Soros (Trades, Portfolio), Larry Robbins (Trades, Portfolio), NWQ Managers (Trades, Portfolio), Alan Fournier (Trades, Portfolio), Ken Heebner (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Third Avenue Management (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), RS Investment Management (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Martin Whitman (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Richard Snow (Trades, Portfolio), Robert Olstein (Trades, Portfolio), Donald Smith (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Michael Price (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Kyle Bass (Trades, Portfolio), Ronald Muhlenkamp (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Caxton Associates (Trades, Portfolio), Jeff Auxier (Trades, Portfolio), David Dreman (Trades, Portfolio), Murray Stahl (Trades, Portfolio), T Boone Pickens (Trades, Portfolio) and Ken Fisher (Trades, Portfolio) have shares of General Motors in their portfolios.
General Motors announced Tuesday it plans to spend $1.4 billion on expanding and improving its SUV factory in Arlington, Texas, to meet demand for its vehicles.
Van Den Berg also purchased a 378,480-share stake in Allegheny Technologies Inc (ATI, Financial), a specialty metals company based in Pittsburgh, for an average price of $33.02 per share. The acquisition had a 1.74% impact on his portfolio.
Allegheny Technologies has a market cap of $3.08 billion and an enterprise value of $4.48 billion. It has a P/E of 110, a Price/Book of 1.2 and a Price/Sales of 0.7. Chuck Royce (Trades, Portfolio) and Chris Davis (Trades, Portfolio) have shares of Allegheny Technologies in their portfolios.
Allegheny Technologies announced Tuesday that, due to difficult business conditions, it was lowering its expectations for the second quarter, saying it expects to report a loss of $16 to $18 million.
Van Den Berg bought a 103,425-share stake in Real Industry Inc (RELY, Financial), a North America-based holding company, for an average price of $9.57 per share. The deal had a 0.18% impact on Van Den Berg’s portfolio.
Real Industry has a market cap of $348.7 million and an enterprise value of $491.42 million. It has a P/E of 380, a Price/Book of 0.82 and a Price/Sales of 1.2. HOTCHKIS & WILEY has shares of Real Industry in its portfolio.
Van Den Berg also acquired a 5,538-share stake in Mesa Laboratories Inc (MLAB, Financial), a Denver-based manufacturer of quality-control products, for an average price of $84.3 per share. The deal had a 0.07% impact on Van Den Berg’s portfolio.
Mesa Laboratories has a market cap of $315.54 million and an enterprise value of $339.76 million. It has a P/E of 33.7, a Price/Book of 4.3 and a Price/Sales of 4.5. Jim Simons (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) have shares of Mesa Laboratories in their portfolios.
To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.
