FPA Crescent Fund Buys Alibaba Group Holding, Tencent Holdings, Utilities Select Sector SPDR Fund, Sells iShares Core S&P 500 ETF, iShares Russell 1000 ETF, Vanguard Financials ETF

Jan 15, 2020

Investment company FPA Crescent Fund (Current Portfolio) buys Alibaba Group Holding, Tencent Holdings, Utilities Select Sector SPDR Fund, sells iShares Core S&P 500 ETF, iShares Russell 1000 ETF, Vanguard Financials ETF, iShares U.S. Financials ETF, Mylan NV during the 3-months ended 2019Q4, according to the most recent filings of the investment company, FPA Crescent Fund. As of 2019Q4, FPA Crescent Fund owns 57 stocks with a total value of $7.9 billion. These are the details of the buys and sells.

New Purchases: BABA,
Added Positions: 00700, XLU,
Reduced Positions: IVV, IWB, VFH, IYF, BAC, VPU, C, LPLA, UTX, ARNC, BIDU, CHTR, MHK, AON, HEI, AVGO, GOOG, FB, KMI, SPB, RBS, AIG, MSFT, ADI, JD, CMCSA, MGGT, LHN,
Sold Out: MYL,

For the details of Steven Romick's stock buys and sells, go to https://www.gurufocus.com/guru/steven+romick/current-portfolio/portfolio

These are the top 5 holdings of Steven Romick

Arconic Inc (ARNC) - 16,094,156 shares, 6.21% of the total portfolio. Shares reduced by 10.45%
American International Group Inc (AIG) - 9,486,438 shares, 6.10% of the total portfolio. Shares reduced by 2.63%
Analog Devices Inc (ADI) - 2,984,731 shares, 4.45% of the total portfolio. Shares reduced by 3.66%
Jefferies Financial Group Inc (JEF) - 16,334,640 shares, 4.38% of the total portfolio.
Broadcom Inc (AVGO) - 1,086,625 shares, 4.30% of the total portfolio. Shares reduced by 8.02%

New Purchase: Alibaba Group Holding Ltd (BABA)

FPA Crescent Fund initiated holding in Alibaba Group Holding Ltd. The purchase prices were between $161.93 and $216.38, with an estimated average price of $188.59. The stock is now traded at around $225.06. The impact to a portfolio due to this purchase was 0.87%. The holding were 328,555 shares as of .

Sold Out: Mylan NV (MYL)

FPA Crescent Fund sold out a holding in Mylan NV. The sale prices were between $17.01 and $20.1, with an estimated average price of $18.63.

Here is the complete portfolio of Steven Romick. Also check out:

1. Steven Romick's Undervalued Stocks
2. Steven Romick's Top Growth Companies, and
3. Steven Romick's High Yield stocks
4. Stocks that Steven Romick keeps buying

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