In the recently updated portfolio of Steven Romick, FPA Crescent Fund (FPACX) lists 57 stocks, four of them new, with a total value of $6.8 billion and a quarter-over-quarter turnover of 2%. Here’s the latest report on FPA Crescent Fund’s sell outs as of the second quarter 2013. Read moreabout Steven Romick’s second quarter increases and two new stocks here.
Sold Out: Travelers Companies Inc. (TRV, Financial) – Insurance – Property & Casualty
After twelve quarters of gains, FPA Crescent Fund sold out its TRV position, unloading 695,000 shares at an average price of $84.05 for a gain of 0.2%.
Up 16% since January, Travelers Companies Inc. (TRV) has a market cap of $31.13 billion and trades at a P/E of 12.90 and a P/B of 1.20.
The current share price is $84.18 with a change from average at 0%.
Historical share prices:
Sold Out: PetSmart Inc. (PETM, Financial) – Specialty Retail
FPA Crescent Fund also sold out its PETM position, unloading 423,000 shares at an average price of $67.36 for a gain of 6.9%. Romick’s trading history shows eight quarters of gains on buying and selling.
Up 4% since January, PetSmart Inc. (PETM) has a market cap of $7.41 billion and trades at a P/E of 19.30 and a P/B of 6.80.
The current share price is $72 with a change from average up 7%.
Historical share prices:
Sold Out: Ensco PLC (ESV, Financial) – Oil & Gas Drilling
FPA Crescent Fund also sold out its Ensco PLC (ESV) position, unloading 470,000 shares at an average price of $58.77 for a gain of 2.5%. Romick’s trading history shows only one losing quarter, first quarter of 2013, with a loss of 1.4%, in an otherwise long and lucrative ride.
Down 2% since January, Ensco PLC (ESV) has a market cap of $13.88 billion and trades at a P/E of 11.50 and a P/B of 1.10.
The current share price is $60.25 with a change from average up 2%.
Historical share prices:
Well-known for lucid letter writing, Guru Steven Romick has been the portfolio manager of the FPA Crescent Fund since 1996. Delivering more than 11% a year in average over the past 10 years, Romick manages $11.3 billion in assets in the FPA Crescent Fund (FPACX).
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.Also check out:
Sold Out: Travelers Companies Inc. (TRV, Financial) – Insurance – Property & Casualty
After twelve quarters of gains, FPA Crescent Fund sold out its TRV position, unloading 695,000 shares at an average price of $84.05 for a gain of 0.2%.
Up 16% since January, Travelers Companies Inc. (TRV) has a market cap of $31.13 billion and trades at a P/E of 12.90 and a P/B of 1.20.
The current share price is $84.18 with a change from average at 0%.
Historical share prices:
Sold Out: PetSmart Inc. (PETM, Financial) – Specialty Retail
FPA Crescent Fund also sold out its PETM position, unloading 423,000 shares at an average price of $67.36 for a gain of 6.9%. Romick’s trading history shows eight quarters of gains on buying and selling.
Up 4% since January, PetSmart Inc. (PETM) has a market cap of $7.41 billion and trades at a P/E of 19.30 and a P/B of 6.80.
The current share price is $72 with a change from average up 7%.
Historical share prices:
Sold Out: Ensco PLC (ESV, Financial) – Oil & Gas Drilling
FPA Crescent Fund also sold out its Ensco PLC (ESV) position, unloading 470,000 shares at an average price of $58.77 for a gain of 2.5%. Romick’s trading history shows only one losing quarter, first quarter of 2013, with a loss of 1.4%, in an otherwise long and lucrative ride.
Down 2% since January, Ensco PLC (ESV) has a market cap of $13.88 billion and trades at a P/E of 11.50 and a P/B of 1.10.
The current share price is $60.25 with a change from average up 2%.
Historical share prices:
Well-known for lucid letter writing, Guru Steven Romick has been the portfolio manager of the FPA Crescent Fund since 1996. Delivering more than 11% a year in average over the past 10 years, Romick manages $11.3 billion in assets in the FPA Crescent Fund (FPACX).
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.Also check out:
