First Eagle Investment is an independent company with approximately $98 billion in assets under management. In both the second and third quarters the guru bought shares in the following stocks:
MetLife Inc. (MET)
During the second quarter the guru increased its position by 138.10% and increased it by 2.50%Ă‚ in the third quarter.
MetLife is a provider of insurance, annuities and employee benefit programs in the U.S., Japan, Latin America, Asia, Europe and the Middle East. It offers life insurance, annuities, property and casualty insurance and other financial services. Net income decreased 52% from the same quarter of a year before, and operating earnings grew 102% year over year.
The largest shareholder among the gurus is Dodge & Cox with 3.56% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.68%, Diamond Hill Capital (Trades, Portfolio) with 0.67%, Richard Pzena (Trades, Portfolio) with 0.54%, NWQ Managers (Trades, Portfolio) with 0.13%, Richard Snow (Trades, Portfolio) with 0.12% and Ray Dalio (Trades, Portfolio) with 0.02%.
Gilead Sciences Inc. (GILD)
During the second quarter the company increased its stake by 68.48% and again by 220.65% in the third quarter.
Gilead Sciences is a research-based biopharmaceutical company that discovers, develops and commercializes new medicines for different medical sectors. Third-quarter total revenues were $7.5 billion in 2016 compared to $8.3 billion in 2015, and net income was $3.3 billion, or $2.49 per diluted share, in the third quarter compared to $4.6 billion, or $3.06 per diluted share, in the same quarter of 2015.
Pioneer Investments (Trades, Portfolio) is the largest shareholder among the gurus with 0.26% of outstanding shares followed by T Rowe Price Equity Income Fund with 0.11%, John Rogers (Trades, Portfolio) with 0.11%, Jim Simons (Trades, Portfolio) with 0.08%, Joel Greenblatt (Trades, Portfolio) with 0.08%, David Carlson (Trades, Portfolio) with 0.06%, John Burbank (Trades, Portfolio) with 0.06% and Samuel Isaly (Trades, Portfolio) with 0.05%.
Novagold Resources Inc. (NG)
During the second quarter the guru increased its position by 2,903% and in the third quarter by 19.29%.
The guru holds 0.8% of outstanding shares in the company, a mineral exploration company engaged in the development of gold and copper mineral properties.
The largest shareholder among the gurus is John Paulson (Trades, Portfolio) with 8.03% of outstanding shares followed by Seth Klarman (Trades, Portfolio) with 2.97%, Simons with 0.52%, Murray Stahl (Trades, Portfolio) with 0.05% and Chuck Royce (Trades, Portfolio) with 0.04%.
Plains All American Pipeline LPĂ‚ (PAA)
During the second quarter the guru increased its stake by 753.95% and increased it by 18.51% in the third quarter.
The guru holds 0.25% of outstanding shares in the stock, which is engaged in the transportation, storage and marketing of crude oil and refined products as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. Third-quarter net income grew 19% year over year, and diluted net income had 67% growth. The company reported 12% increase for adjusted net income.
Michael Price (Trades, Portfolio) is another notable shareholder among the gurus with 0.25% of outstanding shares followed by Simons with 0.05% and T Boone Pickens (Trades, Portfolio) with 0.02%.
Twitter Inc. (TWTR)
During the second quarter the guru raised its position by 211.54% and in the third quarter boosted it by 1,212.96%.
The guru holds 0.3% of outstanding shares in the stock, which is a platform for public self-expression and conversation in real time. It provides a way for people to stay informed about their interests, discover what is happening in their world and interact directly. Third-quarter revenue grew 8% year over year, and GAAP net loss was $103 million, or 15 cents per diluted share.
The largest shareholder among the gurus is Simons with 0.44% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 0.18%, Pioneer Investments with 0.07%, PRIMECAP Management (Trades, Portfolio) with 0.03%, Paul Tudor Jones (Trades, Portfolio) with 0.01% and RS Investment Management (Trades, Portfolio) with 0.01%.
Visteon Corp. (VC)
During the second quarter the guru increased its stake by 35.71% and again by 2.58% in the third quarter.
The guru holds 2.69% of outstanding shares in the stock, which is engaged in designing, engineering, manufacturing and supplying automotive systems, modules and components to original equipment manufacturers. Its products include instrument clusters, audio head units and decorative control panels. Third-quarter sales decreased $38 million compared with the same quarter last year, and gross margin was $105 million or 13.6% of sales, 0.6 points higher than the prior year.
Simons is another notable shareholder among the gurus with 1.47% of outstanding shares followed by Private Capital (Trades, Portfolio) with 1.1%, RS Investment Management with 0.9%, Greenblatt with 0.62%, Third Avenue Management (Trades, Portfolio) with 0.38%, Mario Gabelli (Trades, Portfolio) with 0.34% and George Soros (Trades, Portfolio) with 0.04%.
Imperial Oil Ltd. (IMO)
During the second quarter the guru increased its position by 9.90% and increased it by 0.9% in the third quarter. The guru holds 0.43% of outstanding shares in the stock, which is engaged in the exploration for and production and sale of crude oil and natural gas.
The company's operations are conducted in three main segments: Upstream, Downstream and Chemical. During the third quarter net income grew 109% year-over-year capital, and exploration expenditures decreased 82% from the same quarter of a year before.
Another notable shareholder among the gurus is Dalio with 0.05% of outstanding shares followed by Simons with 0.03%.
Baxter International Inc. (BAX)
During the second quarter the guru increased its stake by 193,512.09% and in the third quarter increased it by 23.75%. The guru holds 0.48% of outstanding shares in the health care company.
It develops, manufactures and markets products that save and sustain the lives of people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma and other chronic conditions. Third-quarter worldwide sales had an increase of 3% on a reported basis and 4% on a constant currency basis as compared to the prior-year period.
The largest shareholder among the gurus is Daniel Loeb (Trades, Portfolio) with 9.54% of outstanding shares followed by Vanguard Health Care Fund (Trades, Portfolio) with 0.9%, Tweedy Browne (Trades, Portfolio) with 0.44%, Mairs and Power (Trades, Portfolio) with 0.36%, Pzena with 0.2%, Tweedy Browne Global Value with 0.19% and Greenblatt with 0.16%.
Mondelez International Inc. Class AĂ‚ (MDLZ)
During the second quarter the guru boosted its position by 24,656.79% and by 204.03% in the third quarter. The guru holds 0.27% of outstanding shares in the company, which manufactures confectionery products.
It produces packaged food products, including biscuits, confectionery, beverages, cheese, convenient meals and various packaged grocery products. Diluted earnings per share decreased 92% and adjusted earnings per share grew 42% on a constant-currency basis. The company reported a 6.6% decrease for net revenues and 1.1% increase for organic net revenue.
Bill Ackman (Trades, Portfolio) is the largest shareholder among the gurus with 1.49% of outstanding shares followed by Gabelli with 0.18%, RS Investment Management with 0.06%, Pioneer Investmens with 0.06%, Simons with 0.05%, Warren Buffett (Trades, Portfolio) with 0.04%, Jerome Dodson (Trades, Portfolio) with 0.03%, Jones with 0.03% and MS Global Franchise Fund (Trades, Portfolio) with 0.03%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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