Martin Whitman's Third Avenue Value Fund (TAVFX)Â increased many holdings and established many several positions in the first quarter.
The guru acquired 4,751,597 shares in Lundin Mining Corp. (TSX:LUN), expanding the portfolio by 3.5%.
The investors acquired a new position in CK Asset Holdings Ltd. (HKSE:01113), buying 2,776,224 shares. The transaction had an impact of 2.25% on the portfolio.
The firm bought 3,464,714 shares in Henderson Land Development Co. Ltd, (HKSE:00012), which took 2.46% space in the portfolio.
The firm established a new position in Forest City Realty Trust Inc. Class A (FCE.A), buying 701,251 shares and giving it 1.68% space in the portfolio.
The company operates in the ownership, development, management and acquisition of commercial and residential real estate and land. It has a market cap of $5.37 billion and an enterprise value of $9.03 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. Its return on equity (ROE) of 6.14% and return on assets (ROA) of 2.53% are underperforming 63% of companies in the Global REIT - Retail industry. Financial strength is rated 4 out of 10 with a cash-debt ratio of 0.06.
The largest shareholder among the guru is Third Avenue Management (Trades, Portfolio) with 2.13% followed by Jim Simons (Trades, Portfolio) with 0.85% and Pioneer Investments (Trades, Portfolio) with 0.26%.
The company acquired a new position in Bayerische Motoren Werke AG (XTER:BMW). The new stake is 100,978 shares with a 1.18% space in the portfolio.
The Tidewater Inc. (TDW)’s position was raised by 71.15%. The portfolio was expanded by 1.18%.
The company provides offshore service vessels to the global energy industry. It has a market cap of $722.12 million and an enterprise value of $714.83 million.
GuruFocus gives the company a profitability and growth rating of 2 out of 10. Its ROE of -72.36% and ROA of -27.61% are underperforming 98% of companies in the Global Oil and Gas Equipment and Services industry. Financial strength is rated 2 out of 10. The cash-debt ratio of 0.43 is below the industry median of 0.48.
Third Avenue Management (Trades, Portfolio) is the largest shareholder of the company among the gurus with 7.06% of outstanding shares followed by Whitman with 4.21% and Paul Singer (Trades, Portfolio) with 2.9%.
The firm bought 5,032,295 shares in Capstone Mining Corp. (TSX:CS). The transaction had an impact of 0.58% on the portfolio.
The guru raised its position in CK Hutchison Holdings Ltd. (HKSE:00001) by 8.99%, giving it a 0.46% space portfolio.
The Wheelock and Co. Ltd. (HKSE:00020)’s holding was increased 8.44%, expanding the portfolio by 0.21%.
The holding of Interfor Corp. (TSX:IFP) was raised by 7.90%. The portfolio was expanded by 0.11%.
The Warrior Met Coal Inc. (HCC) position was increased by 6.33%, giving it a 0.07% space.
The company produces and exports metallurgical coal for the steel industry. It has a market cap of $1.47 billion and an enterprise value of $1.76 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 64.18% and ROA of 46.08% are outperforming 97% of companies in the Global Coal industry. Financial strength is rated 6 out of 10. The cash-debt ratio of 0.15 is below industry median of 0.53.
Simons is the largest shareholder of the company among the gurus with 1.77% of outstanding shares followed by Third Avenue Management (Trades, Portfolio) with 1.29%, Whitman with 0.82%and Ken Heebner (Trades, Portfolio) with 0.49%.
The firm acquired 11,790 shares in Lennar Corp. Class B (LEN.B), expanding the portfolio by 0.06%.
The homebuilding service provider has a market cap of $19.8 billion and an enterprise value of $25.05 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. Its ROE of 12.32% and ROA of 5.41% are outperforming 68% of companies in the Global Residential Construction industry. Financial strength is rated 4 out of 10. The cash-debt ratio of 0.42 is below the industry median of 0.46.
The largest shareholder of the company among the gurus is Mario Gabelli (Trades, Portfolio) with 0.54% of outstanding shares followed by Simons with 0.08% and Andreas Halvorsen (Trades, Portfolio) with 0.04%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
