Groesbeck Investment Management Corp Buys Phillips 66 Partners LP, Shell Midstream Partners LP, Pembina Pipeline Corp, Sells Broadcom Inc, ONEOK Inc, AbbVie Inc

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Jun 02, 2020
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Investment company Groesbeck Investment Management Corp (Current Portfolio) buys Phillips 66 Partners LP, Shell Midstream Partners LP, Pembina Pipeline Corp, Microsoft Corp, Ansys Inc, sells Broadcom Inc, ONEOK Inc, AbbVie Inc, MPLX LP, Lam Research Corp during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Groesbeck Investment Management Corp . As of 2020Q1, Groesbeck Investment Management Corp owns 73 stocks with a total value of $37 million. These are the details of the buys and sells.

For the details of GROESBECK INVESTMENT MANAGEMENT CORP 's stock buys and sells, go to https://www.gurufocus.com/guru/groesbeck+investment+management+corp+/current-portfolio/portfolio

These are the top 5 holdings of GROESBECK INVESTMENT MANAGEMENT CORP
  1. AbbVie Inc (ABBV) - 23,082 shares, 4.72% of the total portfolio. Shares reduced by 68.7%
  2. T. Rowe Price Group Inc (TROW) - 16,234 shares, 4.26% of the total portfolio. Shares reduced by 62.52%
  3. CDW Corp (CDW) - 16,655 shares, 4.17% of the total portfolio. Shares reduced by 40.52%
  4. Abbott Laboratories (ABT) - 17,626 shares, 3.73% of the total portfolio. Shares reduced by 1.65%
  5. Lam Research Corp (LRCX) - 4,810 shares, 3.10% of the total portfolio. Shares reduced by 72.53%
New Purchase: Phillips 66 Partners LP (PSXP)

Groesbeck Investment Management Corp initiated holding in Phillips 66 Partners LP. The purchase prices were between $24.51 and $64.78, with an estimated average price of $53.47. The stock is now traded at around $46.12. The impact to a portfolio due to this purchase was 0.74%. The holding were 7,535 shares as of .

New Purchase: Shell Midstream Partners LP (SHLX)

Groesbeck Investment Management Corp initiated holding in Shell Midstream Partners LP. The purchase prices were between $7.51 and $22.7, with an estimated average price of $17.23. The stock is now traded at around $13.64. The impact to a portfolio due to this purchase was 0.68%. The holding were 25,243 shares as of .

New Purchase: Pembina Pipeline Corp (PBA)

Groesbeck Investment Management Corp initiated holding in Pembina Pipeline Corp. The purchase prices were between $11.66 and $40.19, with an estimated average price of $33.12. The stock is now traded at around $26.40. The impact to a portfolio due to this purchase was 0.64%. The holding were 12,672 shares as of .

Added: Microsoft Corp (MSFT)

Groesbeck Investment Management Corp added to a holding in Microsoft Corp by 23.66%. The purchase prices were between $135.42 and $188.7, with an estimated average price of $164.71. The stock is now traded at around $184.91. The impact to a portfolio due to this purchase was 0.55%. The holding were 6,743 shares as of .

Added: Ansys Inc (ANSS)

Groesbeck Investment Management Corp added to a holding in Ansys Inc by 39.76%. The purchase prices were between $204.46 and $296.14, with an estimated average price of $258.5. The stock is now traded at around $288.14. The impact to a portfolio due to this purchase was 0.41%. The holding were 2,285 shares as of .

Added: Hasbro Inc (HAS)

Groesbeck Investment Management Corp added to a holding in Hasbro Inc by 36.52%. The purchase prices were between $44.73 and $105.78, with an estimated average price of $87.29. The stock is now traded at around $73.32. The impact to a portfolio due to this purchase was 0.27%. The holding were 5,230 shares as of .

Added: Lockheed Martin Corp (LMT)

Groesbeck Investment Management Corp added to a holding in Lockheed Martin Corp by 50.00%. The purchase prices were between $276.8 and $439.85, with an estimated average price of $394.42. The stock is now traded at around $389.77. The impact to a portfolio due to this purchase was 0.27%. The holding were 885 shares as of .

Added: American Tower Corp (AMT)

Groesbeck Investment Management Corp added to a holding in American Tower Corp by 28.42%. The purchase prices were between $179.09 and $256.9, with an estimated average price of $233.06. The stock is now traded at around $263.59. The impact to a portfolio due to this purchase was 0.16%. The holding were 1,220 shares as of .

Sold Out: Broadcom Inc (AVGO)

Groesbeck Investment Management Corp sold out a holding in Broadcom Inc. The sale prices were between $167.87 and $324.7, with an estimated average price of $283.21.

Sold Out: Whirlpool Corp (WHR)

Groesbeck Investment Management Corp sold out a holding in Whirlpool Corp. The sale prices were between $64.22 and $156.67, with an estimated average price of $132.26.

Sold Out: Ford Motor Co (F)

Groesbeck Investment Management Corp sold out a holding in Ford Motor Co. The sale prices were between $4.01 and $9.42, with an estimated average price of $7.56.

Sold Out: Macy's Inc (M)

Groesbeck Investment Management Corp sold out a holding in Macy's Inc. The sale prices were between $4.81 and $18.1, with an estimated average price of $13.72.

Sold Out: LyondellBasell Industries NV (LYB)

Groesbeck Investment Management Corp sold out a holding in LyondellBasell Industries NV. The sale prices were between $34.9 and $94.48, with an estimated average price of $74.29.

Sold Out: Seagate Technology PLC (STX)

Groesbeck Investment Management Corp sold out a holding in Seagate Technology PLC. The sale prices were between $40.73 and $63.23, with an estimated average price of $53.61.

Reduced: ONEOK Inc (OKE)

Groesbeck Investment Management Corp reduced to a holding in ONEOK Inc by 83.56%. The sale prices were between $15.37 and $77.52, with an estimated average price of $61.66. The stock is now traded at around $39.63. The impact to a portfolio due to this sale was -3.38%. Groesbeck Investment Management Corp still held 11,925 shares as of .

Reduced: AbbVie Inc (ABBV)

Groesbeck Investment Management Corp reduced to a holding in AbbVie Inc by 68.7%. The sale prices were between $64.5 and $97.79, with an estimated average price of $85.41. The stock is now traded at around $91.04. The impact to a portfolio due to this sale was -3.31%. Groesbeck Investment Management Corp still held 23,082 shares as of .

Reduced: Lam Research Corp (LRCX)

Groesbeck Investment Management Corp reduced to a holding in Lam Research Corp by 72.53%. The sale prices were between $187.89 and $341.58, with an estimated average price of $289.1. The stock is now traded at around $271.46. The impact to a portfolio due to this sale was -2.74%. Groesbeck Investment Management Corp still held 4,810 shares as of .

Reduced: MPLX LP (MPLX)

Groesbeck Investment Management Corp reduced to a holding in MPLX LP by 73.98%. The sale prices were between $8.38 and $27.11, with an estimated average price of $20.71. The stock is now traded at around $19.00. The impact to a portfolio due to this sale was -2.74%. Groesbeck Investment Management Corp still held 51,221 shares as of .

Reduced: Amgen Inc (AMGN)

Groesbeck Investment Management Corp reduced to a holding in Amgen Inc by 79.68%. The sale prices were between $182.24 and $241.7, with an estimated average price of $219.21. The stock is now traded at around $223.72. The impact to a portfolio due to this sale was -2.68%. Groesbeck Investment Management Corp still held 3,838 shares as of .

Reduced: UnitedHealth Group Inc (UNH)

Groesbeck Investment Management Corp reduced to a holding in UnitedHealth Group Inc by 73.26%. The sale prices were between $194.86 and $305.31, with an estimated average price of $276.19. The stock is now traded at around $306.31. The impact to a portfolio due to this sale was -2.64%. Groesbeck Investment Management Corp still held 4,428 shares as of .



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