Glenview Capital Management, a privately held investment management firm, was founded in 2000 by Larry Robbins (Trades, Portfolio). He manages a portfolio of 82 stocks with a total value of $25.250 million, and the following are the stocks he has been buying at least two quarters
Applied Materials Inc. (AMAT)
During Q1 the guru increased his stake by 196.60% and in Q2 he again bought shares in the company with another increase of 58.16% of his stake. The investor now holds 1.73% of outstanding shares of the company, and the stake has a 0.82% weight on his portfolio.
The company provides manufacturing equipment, services and software to the global semiconductor, flat-panel display, solar photovoltaic and related industries. Applied Materials operates in four reportable segments: Silicon Systems Group, Applied Global Services, Display and Energy and Environmental Solutions.
Applied Materials is focused on profitable growth, and the results for the third quarter show this. Applied Materials reported 17% year over year, for orders and 10% year over year for net sales.
Robbins is the company's main shareholder among the gurus. In second position is Brian Rogers (Trades, Portfolio) with a stake of 1.02% of outstanding shares, followed by David Einhorn (Trades, Portfolio) with 0.65% and Bill Nygren (Trades, Portfolio) with 0.59%.
Humana Inc. (HUM)
During Q1 2015, Robbins increased his stake by 127.21% and in Q2 he again bought shares in the company with another increase of 30.91%. Now he holds 4.43% of outstanding shares in the company, being the main shareholder among the gurus, and the stake has a 4.97% weight on his portfolio.
The company is a health care company that offers insurance products and health and wellness services. Its segments include Retail, Employer Group, and Healthcare Services.
Recently the company announced that, during a special stockholders meeting, its stockholders voted to approve the adoption of the previously announced merger agreement, providing for the acquisition of Humana by Aetna Inc. (AET). The company reported the second quarter with an increase of 12.4% for consolidated revenues from the same quarter of a year before and consolidated benefit ratio grew by 85.2% by 210 basis points from 83.1% for the year before quarter, reflecting higher ratios in both the retail and group segments.
The company's second-leading shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with a stake of 3.49% of outstanding shares, followed by the investor Andreas Halvorsen (Trades, Portfolio) with 2.16% and the firm HOTCHKIS & WILEY with 0.68%.
WestRock Co. (WRK)
During Q1 2015 the investor increased his stake by 182.96% and in Q2 he again bought shares in the company with another increase of 59.20%. Now he holds 1.88% of outstanding shares of the company, being the main shareholder among the gurus. The stake has a 1.17% weight on his portfolio.
The company offers corrugated container, paperboard, partitions and protective packaging, container board and beverage multipacks.
Recently Grupo Gondi and WestRock agreed to combine their operations in Mexico and form a joint venture, creating a leading paper and packaging company in the country. For the fiscal third quarter WestRock reported strong results in which it completed a strategic combination of the businesses and after completion of this transaction, RockTenn and MeadWestvaco became wholly owned subsidiaries of WestRock.
Brian Rogers (Trades, Portfolio) is the second-leading shareholder in the company among the gurus, holding 1.02% of outstanding shares, followed by Howard Marks (Trades, Portfolio) with 0.19% and Steven Cohen (Trades, Portfolio) with 0.12%.
Dow Chemical Co. (DOW)
During Q1 Robbins increased his stake by 100.28% and in Q2 he again bought shares in the company with another increase of 22.39%. Robbins now holds 0.65% of outstanding shares of the company, and the stake has a 1.52% weight in his portfolio.
The company is an integrated science and technology company. It operates in five segments: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials and Chemicals and Performance Plastics.
For the second quarter of the year earnings per share grew by 23% compared to the same quarter of a year before, but currency and lower oil prices made sales decrease by 13% year over year. Due to strong margins in Performance Plastics and Performance Materials and Chemicals, operating EBITDA grew by 19%, up 396 basis points versus the year-ago period.
Daniel Loeb (Trades, Portfolio) is the company's leading shareholder among the gurus with a stake of 1.99% of outstanding shares, Larry Robbins (Trades, Portfolio) is second, followed by George Soros (Trades, Portfolio) with 0.42% and Steven Cohen (Trades, Portfolio) with 0.20%.
Monsanto Co. (MON)
During Q1 the investor increased his stake by 14.25% and in Q2 he again bought shares in the company with another increase of 0.76%. Now he holds 2.37% of outstanding shares in the company, and the stake has a 4.67% weight on his portfolio.
The company is a provider of agricultural products for farmers. It offers corn, soybean, cotton, wheat, canola, sorghum and sugar cane seeds. Its segments are Seeds and Genomics and Agricultural Productivity.
For the fiscal third quarter the company reported an 8% increase for net sales and a 17% increase for gross profit compared to the same quarter of a year before.
The main shareholder of the company among the gurus is Frank Sands (Trades, Portfolio) with a stake of 2.69% of outstanding shares, followed by the firm PRIMECAP Management (Trades, Portfolio) with 2.67%. Robbins is third followed by the hedge fund Manning & Napier Advisors Inc. with 1.06% of outstanding shares.
PVH Corp. (PVH)
During Q1 he increased his stake by 7.02% and in Q2 he again bought shares in the company with another increase of 8.41%. The investor now holds 6.37% of outstanding shares of the company, being the main shareholder among the gurus, and the stake has a 2.40% weightion his portfolio.
The company is a branded apparel company with a history dating back over 130 years. The company manages its operations through its operating divisions, which are presented as six reportable segments: Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale; and Heritage Brands Retail.
During the third quarter, earnings per share on a non-GAAP basis grew by 11% compared to the prior year’s third quarter. Revenue just grew by 2% over the 2014 third quarter due to foreign currency translation. It was negatively impacted by 1%.
The second-leading shareholder among the gurus is Sarah Ketterer (Trades, Portfolio) who holds 1.03% of outstanding shares, followed by Michael Dell (Trades, Portfolio) with 0.98% and Joel Greenblatt (Trades, Portfolio) with 0.31%.
