As of last week we have updated the portfolios and stock picks during the first quarter for all the Gurus. This is the wrap up of Gurus activities during the first quarter.
After the slight pull back in March, the stock market has been great runs. We are seeing new highs again and again with the major indices. The market is fueled by a lot of buy-out activities. As a group, Gurus bought a lot more stocks than sold. They seem to be optimistic about valuations. They are finding ideas through all industries and market sections.
Guru Investment Trend
Industrial goods and retails are the industries where Gurus find most of their ideas, followed by financials. Oil Equipment Services & Distribution (bought 11, sold 22, giving a total of 11 net sells) and Oil & Gas Producers (bought 6, sold 14, giving a total of 8 net sells) are the most sold industries. 3M Co. (MMM), UPS (UPS) and Burlington Northern Santa Fe (BNI) are among the Consensus Picks in Industrial goods industry. O'Reilly Automotive Inc. (ORLY) and Coach Inc. (COH) are among the most bought retail stocks.
Industrial Goods & Services was one of the most bought industry during the first quarter. Gurus continue to find a lot of ideas there. Retail replaced Personal and Household as the second most bought industry.
( Premium Members: If you have set up your Personalized List of Gurus, your observation might be different from this report. You can observe the aggregate or individual investment trend of your Personalized List of Gurus here.)
Consensus Picks of Gurus
In this quarter, 17 stocks were bought by at least 3 gurus each and none of them sold them.
Motorola (MOT), which made a lot of news as Carl Icahn tried to force the CEO out, has six Gurus buying in. Do Gurus see values there too? The price of Motorola has not changed much since. Among the consensus picks, we also see AT&T (T), UPS (UPS), and Burlington Northern Santa Fe (BNI) etc. Burlington Northern Santa Fe (BNI) is also one of Warren Buffett’s new purchases. He owns more than 34 million shares of Burlington Northern Santa Fe in Berkshire Hathaway’s equity holdings.
(Premium Membership can see this list and the Consensus Picks by industries, countries or market caps here.)
Broadest Owned Stocks
In this quarter, Citigroup is still one of the most weighted stocks, and has jumped up to being the broadest owned stock, with 16 investors owning it. Home Depot and Johnson & Johnson closely follow behind it, with 14 investors each. These are the top three broadest owned.
From last quarter, Ron Muhlenkamp sold out Pfizer, which is no longer the most owned stock. For more information about the Broadest Owned Stocks, click on the link: http://www.gurufocus.com/gurutrac/holding_stat.php (Premium Members only).
Most Weighted Stocks
Eastman Chemical Co. (EMN) has replaced Wal-Mart (WMT) as the most weighted company. It has four holders and together, they own about 10% of the company. Sears is closely following it, being the second heaviest weighted, and has kept its position, although one more guru has bought it.
We have constructed model portfolios to verify the ideas of tracking Gurus. Since incepted last year, the most weighted portfolio has outperformed the market by more than 10%. The portfolios are rebalanced once a year. You can see the latest performances of model portfolios here: http://www.gurufocus.com/model_portfolio.php
( Premium Members: the details of the Broadest Owned Stocks and the Most Weighted Stocks are in the pages of Aggregate Portfolios. You can drill down into different industries, market cap, or countries to see the most popular guru stocks within certain areas. If you are not a Premium Member, we invite you for a 7-day FREE Trial.)