ARGA Investment Management, LP Buys Petroleo Brasileiro SA Petrobras, UBS Group AG, Melco Resorts and Entertainment, Sells Baidu Inc, Capri Holdings, Silicon Motion Technology Corp

• New Purchases: PBR, MMM, SAVE, IFF, NEM, CCL, SKM,
• Added Positions: UBS, MLCO, FTI, GILD, AER, NTR, GE, MCHI, SU, CMCSA, BIIB,
• Reduced Positions: CPRI, MOMO, CTSH, WB, KLIC, CNQ, MOS, HP, C, WFC, RNR, MU, BEN, IVZ, AWK, TAP, COF, DLTR, LBTYA, HCA, NXPI, TEL, TPR, COP, MAN, IPG, PFE, RTX, MHK, ETR, CI, MCK, CVS, SABR, BRK.B, ABT, JD,
• Sold Out: BIDU, SIMO, CNHI, ERUS, FLS, T, ON, RDY, KB,

For the details of ARGA Investment Management, LP's stock buys and sells, go to https://www.gurufocus.com/guru/arga+investment+management%2C+lp/current-portfolio/portfolio

1. AerCap Holdings NV (AER) - 2,521,069 shares, 11.09% of the total portfolio. Shares added by 2.48%
2. Canadian Natural Resources Ltd (CNQ) - 4,325,793 shares, 10.02% of the total portfolio. Shares reduced by 2.59%
3. Capri Holdings Ltd (CPRI) - 2,498,345 shares, 9.54% of the total portfolio. Shares reduced by 50.86%
4. Nutrien Ltd (NTR) - 2,026,972 shares, 8.18% of the total portfolio. Shares added by 2.38%
5. Weibo Corp (WB) - 2,152,530 shares, 8.13% of the total portfolio. Shares reduced by 14.08%

ARGA Investment Management, LP initiated holding in Petroleo Brasileiro SA Petrobras. The purchase prices were between $7.21 and $11.72, with an estimated average price of $9.61. The stock is now traded at around $8.500000. The impact to a portfolio due to this purchase was 7.38%. The holding were 11,616,366 shares as of 2021-03-31.

ARGA Investment Management, LP initiated holding in 3M Co. The purchase prices were between $165.2 and $195.74, with an estimated average price of $178.75. The stock is now traded at around $196.770000. The impact to a portfolio due to this purchase was 0.15%. The holding were 10,625 shares as of 2021-03-31.

ARGA Investment Management, LP initiated holding in Spirit Airlines Inc. The purchase prices were between $23.06 and $39.74, with an estimated average price of $31.84. The stock is now traded at around $35.570000. The impact to a portfolio due to this purchase was 0.08%. The holding were 27,593 shares as of 2021-03-31.

ARGA Investment Management, LP initiated holding in Newmont Corp. The purchase prices were between $54.38 and $65.24, with an estimated average price of $59.85. The stock is now traded at around $62.920000. The impact to a portfolio due to this purchase was 0.06%. The holding were 14,251 shares as of 2021-03-31.

ARGA Investment Management, LP initiated holding in International Flavors & Fragrances Inc. The purchase prices were between $105.08 and $141.31, with an estimated average price of $128.91. The stock is now traded at around $141.920000. The impact to a portfolio due to this purchase was 0.06%. The holding were 6,005 shares as of 2021-03-31.

ARGA Investment Management, LP initiated holding in Carnival Corp. The purchase prices were between $18.67 and $29.79, with an estimated average price of $23.47. The stock is now traded at around $27.725000. The impact to a portfolio due to this purchase was 0.05%. The holding were 22,831 shares as of 2021-03-31.

ARGA Investment Management, LP added to a holding in UBS Group AG by 104.08%. The purchase prices were between $14.13 and $16.1, with an estimated average price of $15.35. The stock is now traded at around $15.265000. The impact to a portfolio due to this purchase was 3.29%. The holding were 5,562,649 shares as of 2021-03-31.

ARGA Investment Management, LP added to a holding in Melco Resorts and Entertainment Ltd by 63.93%. The purchase prices were between $15.49 and $23.37, with an estimated average price of $18.91. The stock is now traded at around $19.100000. The impact to a portfolio due to this purchase was 2.82%. The holding were 4,857,746 shares as of 2021-03-31.

ARGA Investment Management, LP added to a holding in Gilead Sciences Inc by 246.71%. The purchase prices were between $58.26 and $68.46, with an estimated average price of $64.4. The stock is now traded at around $63.250000. The impact to a portfolio due to this purchase was 0.33%. The holding were 96,507 shares as of 2021-03-31.

ARGA Investment Management, LP added to a holding in General Electric Co by 83.53%. The purchase prices were between $10.47 and $14.17, with an estimated average price of $12.11. The stock is now traded at around $13.110000. The impact to a portfolio due to this purchase was 0.15%. The holding were 341,820 shares as of 2021-03-31.

ARGA Investment Management, LP added to a holding in Comcast Corp by 31.02%. The purchase prices were between $48.42 and $58.04, with an estimated average price of $52.76. The stock is now traded at around $55.995000. The impact to a portfolio due to this purchase was 0.02%. The holding were 24,310 shares as of 2021-03-31.

ARGA Investment Management, LP sold out a holding in Baidu Inc. The sale prices were between $203.97 and $339.91, with an estimated average price of $260.83.

ARGA Investment Management, LP sold out a holding in Silicon Motion Technology Corp. The sale prices were between $47.19 and $67.27, with an estimated average price of $57.

ARGA Investment Management, LP sold out a holding in CNH Industrial NV. The sale prices were between $12.49 and $15.79, with an estimated average price of $14.41.

ARGA Investment Management, LP sold out a holding in iShares MSCI Russia ETF. The sale prices were between $36.3 and $41.56, with an estimated average price of $38.89.

ARGA Investment Management, LP sold out a holding in Flowserve Corp. The sale prices were between $34.77 and $41.4, with an estimated average price of $38.38.

ARGA Investment Management, LP sold out a holding in AT&T Inc. The sale prices were between $27.89 and $30.73, with an estimated average price of $29.26.