Charles Brandes Ups Several Stakes for Consecutive Quarters

Guru continues to buy Citizens Financial and Baxter International

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Jan 20, 2016
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Charles Brandes (Trades, Portfolio) is the founder and chairman of Brandes Investment Partners. He manages multiple portfolios including U.S. Equity and Global Equity. The following stocks are the holdings Brandes increased over the past two quarters.

Citizens Financial Group Inc. (CFG)

During the second quarter, Brandes increased his stake by 6.70% and in Q3, again bought shares in the company with another increase of 16.60% of the stake.Â

The company provides retail and commercial banking products and services. It operates its business through two operating segments: Consumer Banking and Commercial Banking.

The company’s largest shareholder among the gurus is HOTCHKIS & WILEY with 3.29% of outstanding shares, followed by Chris Davis (Trades, Portfolio) with 2.35%, Pioneer Investments (Trades, Portfolio) with 1.09% and Larry Robbins (Trades, Portfolio) with 0.57%.

Invacare Corp. (IVC)

During the second quarter, Brandes increased his stake by 29.02% and in Q3, again bought shares in the company with another increase of 39.48% of the stake.Â

The company manufactures and distributes in various markets for medical equipment used in the home and long-term care settings based upon its distribution channels, breadth of product line and net sales. Third quarter GAAP loss per share from continuing operations was 24 cents compared to 90 cents last year, and adjusted net loss per share from continuing operations was 13 cents compared to 56 cents last year.

Chuck Royce (Trades, Portfolio) is the largest shareholder among the gurus with 4.14% of outstanding shares, followed by HOTCHKIS & WILEY with 3.69%, Jim Simons (Trades, Portfolio) with 0.23% and Charles Brandes (Trades, Portfolio) with 0.18%.

Beazer Homes USA Inc. (BZH)

Brandes increased his stake by 10.88% in the second quarter and in the third quarter, again bought shares in the company with another increase of 13.84% of his stake. The fund currently holds 0.59% of outstanding shares of the company.

The company is a homebuilder with active operations in 16 states. It designs, sells and builds single-family and multi-family homes. New home orders increased 12.8% for the full year 2015, with an average active community count that was 13.4% higher than a year ago.

The company’s largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 2.23% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 2.13% and Charles Brandes (Trades, Portfolio) with 0.59%.

Cencosud SAÂ (CNCO)

During the second quarter, Brandes increased his stake by 213.67% and in Q3, again bought shares in the company with another increase of 26.55% of the stake.Â

The company operates through six business segments: supermarkets, home improvement stores, department stores, shopping centers, financial services and others. Third quarter revenues rose a modest 2% and adjusted EBITDA had a growth of 44%.

Total SAÂ (TOT)

Brandes increased his stake by 199.15% in the second quarterand in Q3, again bought shares in the company with another increase of 35.97% of the stake.

The company is an integrated oil and gas company. It is engaged in upstream operations such as oil and gas exploration, development and production, LNG; and downstream operations such as refining, marketing and the trading and shipping of crude oil and petroleum products.

The company’s largest shareholder among the gurus is T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.08% of outstanding shares, followed by Sarah Ketterer (Trades, Portfolio) with 0.02%, Tweedy Browne (Trades, Portfolio) with 0.02% and IVA International Fund (Trades, Portfolio) with 0.01%.

Mobile TeleSystems PJSCÂ (MBT)

During the second quarter, Brandes increased his stake by 101.16% and in Q3, again bought shares in the company with another increase of 28.84% of the stake.Â

The company provides telecommunications services including voice and data transmission, internet access, pay TV, various value added services through wireless and fixed lines, as well as selling equipment and accessories. Third quarter consolidated group revenue increased 7.4% year over year.

Jeremy Grantham (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.72% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.5% and Charles Brandes (Trades, Portfolio) with 0.1%.

Winnebago Industries Inc. (WGO)

Brandes increased his stake by 112.24% during the second quarter and in Q3, again bought shares in the company with another increase of 1.51% of the stake.Â

Winnebago Industries is a manufacturer of recreation vehicles used in leisure travel and outdoor recreation activities. It also operates an assembly plant and a hardwood cabinet products manufacturing facility in Charles City, Iowa.

The largest shareholder among the gurus is Chuck Royce (Trades, Portfolio) with 10.77% of outstanding shares, followed by James Barrow (Trades, Portfolio) with 0.58%, John Keeley (Trades, Portfolio) with 0.42% and Mario Gabelli (Trades, Portfolio) with 0.32%.

Orion Marine Group Inc. (ORN)

During the second quarter, Brandes increased his stake by 98.38% and in Q3, again bought shares in the company with another increase of 22.38% of the stake. The fund currently holds 0.53% of outstanding shares of the company.

The company is a marine specialty contractor serving the heavy civil marine infrastructure market. It provides marine construction services on, over and under the water along the Gulf Coast, the Atlantic Seaboard, the West Coast, Alaska, Canada, as well as the Caribbean Basin.Â

Arnold Van Den Berg (Trades, Portfolio) is the largest shareholder among the gurus with 5.33% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 1.37% and Charles Brandes (Trades, Portfolio) with 0.53%.

British American Tobacco PLCÂ (BTI)

Brandes increased his stake by 12.44% during the second quarter and in Q3, again bought shares in the company with another increase of 9.21% of the stake.

The company is a holding company which owns, directly or indirectly, investments in the numerous companies constituting the British American Tobacco Group of companies.

The company’s largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 0.04% of outstanding shares, followed by Sarah Ketterer (Trades, Portfolio) with 0.03%, Jeremy Grantham (Trades, Portfolio) with 0.01% and John Rogers (Trades, Portfolio) with 0.01%.

Baxter International Inc. (BAX)

During the second quarter, Brandes increased his stake by 28.84% and in Q3, again bought shares in the company with another increase of 0.15% of the stake. The fund currently holds 0.06% of outstanding shares of the company.

The healthcare company is engaged in the development, manufacture and sale of products that save and sustain the lives of people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions.

Daniel Loeb (Trades, Portfolio) is the largest shareholder among the gurus with 9.84% of outstanding shares, followed by Jana Partners (Trades, Portfolio) with 2.3%, Vanguard Health Care Fund (Trades, Portfolio) with 1.32%, Richard Pzena (Trades, Portfolio) with 0.89% and Tweedy Browne (Trades, Portfolio) with 0.46%.