The privately owned investment manager, RS Investment Management, is led by CEO Matthew H. Scanlan and based in San Francisco. The company’s portfolio currently lists 310 stocks, with 56 new stocks, a total value of $13.78 billion, and a quarter over quarter turnover of 17%. After second quarter trading, the portfolio’s top four sectors are weighted as: energy at 20.9%, basic materials at 16.8% and financial services and industrials both at 13.2%.
These top reductions and sells made the highest impact on the RS Investment Management portfolio, as of the second quarter of 2013.
Thomson Reuters Corporation (TRI, Financial): Reduced
Impacts Portfolio: 0.23%
Up 17% over 12 months, Thomson Reuters Corporation has a market cap of $28.87 billion; its shares were traded at around $34.80 with a P/E ratio of 27.80.
The dividend yield is 3.71%.
Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 39.56%, selling 969,846 shares at an average price of $33.33, for a gain of 4.4%.
RS Investment Management has averaged a gain of 22% on 2,451,826 shares bought at an average price of $28.61 per share. On shares sold, the firm averaged a gain of 4% on 969,846 shares sold at an average price of $33.33 per share. Current shares stand at 1,481,980.
RenaissanceRe Holdings Ltd. (RNR, Financial): Sold Out
Impacts Portfolio: 0.22%
Up 11% over 12 months, RenaissanceRe Holdings Ltd. has a market cap of $3.81 billion; its shares were traded at around $85.33 with a P/E ratio of 9.20.
The dividend yield is 1.29%.
Guru Action: As of June 30, 2013, RS Investment Management sold out its holding, selling 326,113 shares at an average price of $88.61, for a loss of 3.7%.
http://chart.gurufocus.com/1376776955696.png[/img]
Trex Company Inc. (TREX, Financial): Sold Out
Impacts Portfolio: 0.2%
Up 53% over 12 months, Trex Company has a market cap of $771.98 million; its shares were traded at around $44.82 with a P/E ratio of 48.00.
Guru Action: As of June 30, 2013, RS Investment Management sold out its holding, selling 546,765 shares at an average price of $51.42, for a loss of 12.8%.
RBC Bearings Inc. (ROLL, Financial): Sold Out
Impacts Portfolio: 0.2%
Up 24% over 12 months, RBC Bearings Inc. has a market cap of $1.33 billion; its shares were traded at around $57.55 with a P/E ratio of 24.40.
Guru Action: As of June 30, 2013, RS Investment Management sold out its holding, selling 544,714 shares at an average price of $49.24, for a gain of 16.9%.
Range Resources Corporation (RRC, Financial): Reduced
Impacts Portfolio: 0.16%
Up 14% over 12 months, Range Resources Corporation has a market cap of $12.69 billion; its shares were traded at around $77.66 with a P/E ratio of 1,093.50 and a P/B of 5.70.
The dividend yield is 0.21%.
Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 8.97%, selling 269,511 shares at an average price of $76.33, for a gain of 1.7%.
RS Investment Management has averaged a gain of 44% on 4,007,264 shares bought at an average price of $53.90 per share. On shares sold, the firm averaged a gain of 9% on 1,271,422 shares sold at an average price of $71.48 per share. Current shares stand at 2,735,842.
Cabot Oil & Gas Corporation (COG, Financial): Reduced
Impacts Portfolio: 0.16%
Up 77% over 12 months, Cabot Oil & Gas Corporation has a market cap of $15.65 billion; its shares were traded at around $37.13 with a P/E ratio of 75.50 and a P/B of 3.50.
The dividend yield is 0.11%.
Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 9.24%, selling 630,634 shares at an average price of $34.42, for a gain of 7.9%.
RS Investment Management has averaged a gain of 117% on 7,393,140 shares bought at an average price of $17.130 per share. On shares sold, the firm averaged a gain of 17% on 1,202,240 shares sold at an average price of $31.62 per share. Current shares stand at 3,095,450.
Portfolio Recovery Associates Inc. (PRAA, Financial): Reduced
Impacts Portfolio: 0.16%
Up 66% over 12 months, Portfolio Recovery Associates has a market cap of $2.82 billion; its shares were traded at around $55.58 with a P/E ratio of 23.30.
Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 61.12%, selling 107,511 shares at an average price of $46.77, for a gain of 18.8%.
RS Investment Management has averaged a gain of 187% on 2,334,954 shares bought at an average price of $19.39 per share. On shares sold, the firm averaged a gain of 119% on 1,440,006 shares sold at an average price of $25.43 per share. Current shares stand at 298,316.
This trading history shows numerous quarters of triple-digit gains:
http://chart.gurufocus.com/1376777931597.png[/img]
Here’s an in-depth look at all of the trades made by RS Investment Management in the second quarter of 2013.
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.
These top reductions and sells made the highest impact on the RS Investment Management portfolio, as of the second quarter of 2013.
Thomson Reuters Corporation (TRI, Financial): Reduced
Impacts Portfolio: 0.23%
Up 17% over 12 months, Thomson Reuters Corporation has a market cap of $28.87 billion; its shares were traded at around $34.80 with a P/E ratio of 27.80.
The dividend yield is 3.71%.
Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 39.56%, selling 969,846 shares at an average price of $33.33, for a gain of 4.4%.
RS Investment Management has averaged a gain of 22% on 2,451,826 shares bought at an average price of $28.61 per share. On shares sold, the firm averaged a gain of 4% on 969,846 shares sold at an average price of $33.33 per share. Current shares stand at 1,481,980.
RenaissanceRe Holdings Ltd. (RNR, Financial): Sold Out
Impacts Portfolio: 0.22%
Up 11% over 12 months, RenaissanceRe Holdings Ltd. has a market cap of $3.81 billion; its shares were traded at around $85.33 with a P/E ratio of 9.20.
The dividend yield is 1.29%.
Guru Action: As of June 30, 2013, RS Investment Management sold out its holding, selling 326,113 shares at an average price of $88.61, for a loss of 3.7%.
http://chart.gurufocus.com/1376776955696.png[/img]
Trex Company Inc. (TREX, Financial): Sold Out
Impacts Portfolio: 0.2%
Up 53% over 12 months, Trex Company has a market cap of $771.98 million; its shares were traded at around $44.82 with a P/E ratio of 48.00.
Guru Action: As of June 30, 2013, RS Investment Management sold out its holding, selling 546,765 shares at an average price of $51.42, for a loss of 12.8%.
RBC Bearings Inc. (ROLL, Financial): Sold Out
Impacts Portfolio: 0.2%
Up 24% over 12 months, RBC Bearings Inc. has a market cap of $1.33 billion; its shares were traded at around $57.55 with a P/E ratio of 24.40.
Guru Action: As of June 30, 2013, RS Investment Management sold out its holding, selling 544,714 shares at an average price of $49.24, for a gain of 16.9%.
Range Resources Corporation (RRC, Financial): Reduced
Impacts Portfolio: 0.16%
Up 14% over 12 months, Range Resources Corporation has a market cap of $12.69 billion; its shares were traded at around $77.66 with a P/E ratio of 1,093.50 and a P/B of 5.70.
The dividend yield is 0.21%.
Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 8.97%, selling 269,511 shares at an average price of $76.33, for a gain of 1.7%.
RS Investment Management has averaged a gain of 44% on 4,007,264 shares bought at an average price of $53.90 per share. On shares sold, the firm averaged a gain of 9% on 1,271,422 shares sold at an average price of $71.48 per share. Current shares stand at 2,735,842.
Cabot Oil & Gas Corporation (COG, Financial): Reduced
Impacts Portfolio: 0.16%
Up 77% over 12 months, Cabot Oil & Gas Corporation has a market cap of $15.65 billion; its shares were traded at around $37.13 with a P/E ratio of 75.50 and a P/B of 3.50.
The dividend yield is 0.11%.
Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 9.24%, selling 630,634 shares at an average price of $34.42, for a gain of 7.9%.
RS Investment Management has averaged a gain of 117% on 7,393,140 shares bought at an average price of $17.130 per share. On shares sold, the firm averaged a gain of 17% on 1,202,240 shares sold at an average price of $31.62 per share. Current shares stand at 3,095,450.
Portfolio Recovery Associates Inc. (PRAA, Financial): Reduced
Impacts Portfolio: 0.16%
Up 66% over 12 months, Portfolio Recovery Associates has a market cap of $2.82 billion; its shares were traded at around $55.58 with a P/E ratio of 23.30.
Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 61.12%, selling 107,511 shares at an average price of $46.77, for a gain of 18.8%.
RS Investment Management has averaged a gain of 187% on 2,334,954 shares bought at an average price of $19.39 per share. On shares sold, the firm averaged a gain of 119% on 1,440,006 shares sold at an average price of $25.43 per share. Current shares stand at 298,316.
This trading history shows numerous quarters of triple-digit gains:
http://chart.gurufocus.com/1376777931597.png[/img]
Here’s an in-depth look at all of the trades made by RS Investment Management in the second quarter of 2013.
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.
