No. 1: Automatic Data Processing Inc. (ADP), Buy: 1.08% of the portfolio - Total: 2,704,866 Shares
Automatic Data Processing Inc. is one of the largest providers of computerized transaction processing data communication and information services in the world. ADP Employer Services offers a comprehensive range of payroll human resources benefits administration time and attendance tax filing and reporting professional employer organization compliance management and retirement plan services to employers in the United States Canada Europe and Latin America. Automatic Data Processing Inc. has a market cap of $19.28 billion; its shares were traded at around $38.4 with a P/E ratio of 16.13 and P/S ratio of 2.17. The dividend yield of Automatic Data Processing Inc. stocks is 3.44%. Automatic Data Processing Inc. had an annual average earning growth of 4.1% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 2-star.
The 2.7 million shares is a new purchase for Eveillard during the quarter.
No. 2: Barrick Gold Corp. (ABX), Add: 0.64% of the portfolio - Total: 2,787,844 Shares
Besides top holdings in GLT and NEM, Eveillard added holding in Gold producer ABX.
Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America. Barrick Gold Corp. has a market cap of $33.36 billion; its shares were traded at around $38.18 with a P/E ratio of 24.63 and P/S ratio of 4.22. The dividend yield of Barrick Gold Corp. stocks is 1.05%. Barrick Gold Corp. had an annual average earning growth of 4.2% over the past 10 years.
In 2Q09, Eveillard increased from 1.1 million shares to 2.8 million shares.
No. 3: Willis Group Holdings Ltd. (WSH), Buy: 1.62% of the portfolio - Total: 5,601,801 Shares
Willis Group is a global insurance broker providing specialized risk management advisory and other services to a broad range of corporate and institutional clients with particular expertise in the construction aerospace marine and energy industries. Willis Group Holdings Ltd. has a market cap of $4.61 billion; its shares were traded at around $27.43 with a P/E ratio of 11.57 and P/S ratio of 5.77. The dividend yield of Willis Group Holdings Ltd. stocks is 3.79%.
The 5.6 million shares is a new purchase for Eveillard.
No. 4: CSX Corp. (CSX), Add: 0.82% of the portfolio - Total: 2,130,390 Shares
CSX Corporation's unique combination of rail container-shipping intermodal and logistics services provides global reach that's second to none. The company's goal advanced at each of its business units is to provide efficient competitive transportation and related services for customers. Csx Corp. has a market cap of $18.41 billion; its shares were traded at around $46.93 with a P/E ratio of 14.76 and P/S ratio of 1.64. The dividend yield of Csx Corp. stocks is 1.88%. Csx Corp. had an annual average earning growth of 12.8% over the past 10 years.
In 2Q09, Eveillard increased his position in CSX from 20,000 shares to 2.13 million shares.
With the market rallied more than 50% since its March 2009 low, Investment Guru Jean-Marie is very cautious towards the evaluation level of the market. The stock above are his top purchases for his mutual funds.
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About the author:
My name is Ben C. and I am 2nd year MBA candidate at the Anderson School of Business at the University of California- Los Angeles. I have a BS in Economics from the Wharton School of Business at the University of Pennsylvania. Before coming to Anderson I worked as a generalist equity research analyst for Right Wall Capital, a long-short equity hedge fund located in New York City. Prior to working at Right Wall I worked as an analyst at Blue Ram Capital, another long-short equity hedge fund located in Rye Brook, NY. This past summer, I worked for West Coast Asset Management as a research analyst. West Coast, which was co-founded by Kinko’s founder Paul Orfalea, is run by well-known value investors Lance Helfert and Atticus Lowe.