Pioneer Investments operates in wide areas of investment vehicles: mutual funds, single manager hedge funds, funds of hedge funds, structured products, segregated and managed accounts, institutional funds. In both the second and third quarters the guru bought shares in the following stocks:
Targa Resources Corp. (TRGP)
During the second quarter, the guru increased its position by 101.67% and boosted it by 2,366.03% in the third quarter. It is an integrated oil and gas company.
The guru holds 0.02% of outstanding shares of the company, which is engaged in gathering, compressing, processing and selling natural gas and storing, fractionating, transporting and selling natural gas liquids and NGL products. Third quarter net income was $10.7 million compared to $12.7 million for the third quarter of the prior year, and it declared a quarterly dividend of 91 cents per share of its common stock.
Joel Greenblatt (Trades, Portfolio) is the largest shareholder among the gurus with 0.26% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.15%, Steven Cohen (Trades, Portfolio) with 0.08%, Caxton Associates (Trades, Portfolio) with 0.04%, Ron Baron (Trades, Portfolio) with 0.04% and T Boone Pickens (Trades, Portfolio) with 0.02%.
Flotek Industries Inc. (FTK)
During the second quarter, the firm increased its holding by 160.54% and increased it by 19.19% in the third quarter.
The guru holds 0.54% of outstanding shares of the company, which provides drilling and production products and services to the energy and mining industries. It offers oilfield specialty chemistry and logistics, downhole drilling tools and production-related tools. Third-quarter revenue increased 1.9% from a quarter before but decreased 16.2% from the same quarter of a year before.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 4.37% of outstanding shares followed by Baron with 4.27%, David Nierenberg (Trades, Portfolio) with 1.25%, Robert Bruce (Trades, Portfolio) with 1.17% and Paul Tudor Jones (Trades, Portfolio) with 0.03%.
NuVasive Inc. (NUVA)
During the second quarter, the guru increased its position by 87.94% and by 11.32% in the third quarter. It is an integrated oil and gas company.
The guru holds 0.14% of outstanding shares of the company, which is a medical device company that develops minimally disruptive surgical products and procedurally integrated solutions for the spine. Its currently marketed product portfolio is focused on applications for spine fusion surgery. During the third quarter revenue increased 19.5%, and GAAP operating profit margin was 8.8%. GAAP net income was $3.9 million, or 7 cents per diluted share, compared to $13.0 million, or 24 cents per diluted share, for the third quarter of a year before.
Ken Fisher (Trades, Portfolio) is the largest shareholder among the gurus with 2.83% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 1.73%, RS Investment Management (Trades, Portfolio) with 1.56%, Mario Gabelli (Trades, Portfolio) with 0.33%, Simons with 0.26% and Jana Partners (Trades, Portfolio) with 0.16%.
American Homes 4 Rent Class AĂ‚ (AMH)
During the second quarter, the guru increased its holding by 46.68% and by 10.14% in the third quarter.
The guru holds 0.15% of outstanding shares of the company, which is an internally managed real estate investment trust, engaged in acquiring, renovating, leasing and operating single-family homes as rental properties. Total revenues grew 36.8% in the third quarter, and net loss attributable to common shareholders was $21.2 million, or 9 cents per basic and diluted share compared to a net loss of $28.6 million, or 14 cents per basic and diluted share, for the same quarter of the prior year.
The largest shareholder among the gurus is Simons with 1.18% of outstanding shares followed by Ken Heebner (Trades, Portfolio) with 0.93%, Chris Davis (Trades, Portfolio) with 0.23%, Manning & Napier Advisors, Inc with 0.15%, Jones with 0.03% and Murray Stahl (Trades, Portfolio) with 0.01%.
Alibaba Group Holding Ltd. ADRĂ‚ (BABA)
During the second quarter, the firm increased its position by 324.47% and by 59.53% in the third quarter. It is an online and mobile commerce company and through its subsidiaries provides retail and wholesale marketplaces available through personal computer and mobile interfaces.
Third-quarter revenue grew 55% year over year, operating margin was 27%, adjusted EBITDA margin was 46%, and adjusted EBITDA margin for core commerce was 62%.
Frank Sands (Trades, Portfolio) is the largest shareholder among the gurus with 0.75% of outstanding shares followed by PRIMECAP Management with 0.62%, Spiros Segalas (Trades, Portfolio) with 0.26%, Chase Coleman (Trades, Portfolio) with 0.21%, Steve Mandel (Trades, Portfolio) with 0.2111%, Fisher with 0.13% and Daniel Loeb (Trades, Portfolio) with 0.1%.
Palo Alto Networks Inc. (PANW)
During the second quarter, the guru increased its holding by 54.43% and by 5.26% in the third quarter.
The guru holds 0.07% of outstanding shares of the company, which offers an enterprise network security platform that allows enterprises, service providers and government entities to secure their networks and safely enable applications running on their networks. During the first quarter total revenue grew 34% year over year and non-GAAP net income was $51.2 million, or 55 cents per diluted share, compared with non-GAAP net income of $30.8 million, or 34 cents per diluted share, for the first quarter of a year before.
The largest shareholder among the gurus is Sands with 4.7% of outstanding shares followed by Segalas with 1.73%, Simons with 1.62%, George Soros (Trades, Portfolio) with 0.08% and Louis Moore Bacon (Trades, Portfolio) with 0.08%.
Chesapeake Lodging Trust (CHSP)
During the second quarter the firm increased its position by 46.82% and by 31.61% in the third quarter.
The guru holds 0.93% of outstanding shares of the company, which is a self-advised real estate investment trust. The company invests in upper-upscale hotels in business and convention markets and select-service hotels in urban settings in the U.S.
Another notable shareholder among the gurus is Simons with 0.65% of outstanding shares followed by Manning & Napier Advisors with 0.51% and Jones with 0.04%.
ServiceNow Inc. (NOW)
During the second quarter, the guru increased its holding by 52.66% and by 36.11% in the third quarter.
The guru holds 0.11% of outstanding shares of the company, which is a provider of cloud-based solutions that define, structure, manage and automate services across the enterprise. Its services include a suite of applications built on proprietary platform. Third-quarter total revenues grew 37% from the same quarter of a year before, and subscription billings grew 47% year over year.
Manning & Napier Advisors is the largest shareholder among the gurus with 3.07% of outstanding shares followed by Sands with 0.1%, Baron with 0.06%, Cohen with 0.05%, Bacon with 0.03% and Fisher with 0.01%.
Tesaro Inc. (TSRO)
During the second quarter the firm increased its position by 113.43% and by 45.95% in the third quarter.
The guru currently holds 0.32% of outstanding shares of the stock, which is an oncology-focused biopharmaceutical company engaged in improving the lives of cancer patients. The company is developing three clinical-stage product candidates including rolapitant, niraparib and TSR-011. Third-quarter net loss was $1.98 per share compared to a net loss of $1.66 per share for the third quarter of the prior year, and cash and cash equivalents totaled approximately $647 million.
The largest shareholder among the gurus is Andreas Halvorsen (Trades, Portfolio) with 0.79% of outstanding shares followed by Simons with 0.38%, Cohen with 0.33% and Jones with 0.01%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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