GMO’s Jeremy Grantham runs a vast portfolio of 663 stocks, fair valued at $37.9 billion. The total number of stocks that were new in the third quarter is 99, for quarter-over-quarter turnover of 6%. Global investment management firm GMO has $112 billion in assets under management as of Sept. 30, 2013, and is headquartered in Boston.
Top 5 Third Quarter Stock Buys
Omnicom Group (OMC, Financial)
Grantham purchased 557,023 shares of Omnicom Group, representing 0.93% of his portfolio. The stock price averaged $64 in the third quarter, and has increased 9% from the average.
Omnicom Group Inc. has a market cap of $17.81 billion; its shares were traded at around $69.22 with a P/E ratio of 18.40 and P/S ratio of 1.30. The dividend yield of Omnicom Group Inc. stocks is 2.20%. Omnicom Group Inc. had an annual average earnings growth of 7.70% over the past 10 years. GuruFocus rated Omnicom Group Inc. the business predictability rank of 3.5-star.
Spreadtrum Communications Inc. (SPRD, Financial)
Grantham purchased 962,800 shares of Spreadtrum Communications, representing 0.077% of the portfolio. The share price average in the third quarter was $29 and it has increased 3% from the average.
Spreadtrum Communications Inc. has a market cap of $1.46 billion; its shares were traded at around $30.63 with a P/E ratio of 17.70 and P/S ratio of 1.70. The dividend yield of Spreadtrum Communications Inc. stocks is 1.20%.
Illinois Tool Works Inc. (ITW, Financial)
Grantham purchased 373,800 shares of Illinois Tool Works, representing 0.075% of the portfolio. The stock price averaged $73 in the third quarter and has increased 9% from the average.
Illinois Tool Works Inc. has a market cap of $35.35 billion; its shares were traded at around $79.65 with a P/E ratio of 16.00 and P/S ratio of 2.10. The dividend yield of Illinois Tool Works Inc. stocks is 2.00%. Illinois Tool Works Inc had an annual average earnings growth of 7.90% over the past 10 years. GuruFocus rated Illinois Tool Works Inc. the business predictability rank of 3.5-star.
Adobe Systems Inc. (ADBE, Financial)
GMO purchased 405,500 shares of Adobe Systems Inc. (ADBE), representing 0.056% of the portfolio. The third quarter share price average was $48. Shares have gained 20% from the average.
Adobe Systems Inc. has a market cap of $28.67 billion; its shares were traded at around $57.35 with a P/E ratio of 65.10 and P/S ratio of 7.00. Adobe Systems Inc. had an annual average earnings growth of 12.00% over the past 10 years. GuruFocus rated Adobe Systems Inc. the business predictability rank of 3.5-star.
iShares FTSE/Xinhua China 25 Index ETF (FXI, Financial)
GMO purchased 560,400 shares of iShares FTSE/Xinhua China 25 Index (ETF), representing 0.055% of the portfolio. The third quarter average share price was $36. Shares have gained 8% from the average.
iShares FTSE/Xinhua China 25 Index (ETF) has a market cap of $6.44 billion; its shares were traded at around $38.42. The dividend yield of iShares FTSE/Xinhua China 25 Index (ETF) stocks is 2.30%.
Leap Wireless International Inc. (LEAP, Financial)
GMO purchased 1,173,774 shares of Leap Wireless International, representing 0.049% of his portfolio. The third quarter average share price was $15. Shares have gained 9% from the average.
Leap Wireless International Inc. has a market cap of $1.28 billion; its shares were traded at around $16.14 with and P/S ratio of 0.40. Leap Wireless International Inc. had an annual average earnings growth of 14.10% over the past five years.
PAA Natural Gas Storage LP (PNG, Financial)
GMO purchased 568,000 shares of PAA Natural Gas Storage, representing 0.035% of the portfolio. The third quarter share price was $22. Shares have gained 5% from the average.
PAA Natural Gas Storage LP has a market cap of $2 billion; its shares were traded at around $23.05 with a P/E ratio of 22.50 and P/S ratio of 4.00. The dividend yield of PAA Natural Gas Storage LP stocks is 6.20%.
Boeing Co. (BA, Financial)
GMO purchased 109,977 shares of Boeing Co. (BA), representing 0.034% of his portfolio. The third quarter share price average was $108. Shares have gained 26% from the average.
Boeing Co. has a market cap of $102.26 billion; its shares were traded at around $136.08 with a P/E ratio of 24.20 and P/S ratio of 1.20. The dividend yield of Boeing Co. stocks is 1.40%. Boeing Co had an annual average earnings growth of 14.30% over the past 10 years. GuruFocus rated Boeing Co. the business predictability rank of 3-star.
CapitalSource Inc. (CSE, Financial)
GMO purchased 1,055,298 shares of CapitalSource, representing 0.033% of the portfolio. The average share price in the third quarter was $11. Shares have gained 19% from the average.
CapitalSource Inc. has a market cap of $2.65 billion; its shares were traded at around $13.43 with a P/E ratio of 17.80 and P/S ratio of 6.30. The dividend yield of CapitalSource Inc. stocks is 0.30%.
Precision Castparts Corp. (PCP, Financial)
GMO purchased 54,880 shares of Precision Castparts Corp., representing 0.033% of the portfolio. The third quarter share price average was $226. Shares have gained 11% from the average.
Precision Castparts Corp. has a market cap of $36.34 billion; its shares were traded at around $250.20 with a P/E ratio of 22.90 and P/S ratio of 4.00. The dividend yield of Precision Castparts Corp. stocks is 0.10%. Precision Castparts Corp. had an annual average earnings growth of 19.50% over the past 10 years. GuruFocus rated Precision Castparts Corp. the business predictability rank of 2-star.
See more Jeremy Grantham stocks in the GMO portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Jeremy Grantham.
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Top 5 Third Quarter Stock Buys
Omnicom Group (OMC, Financial)
Grantham purchased 557,023 shares of Omnicom Group, representing 0.93% of his portfolio. The stock price averaged $64 in the third quarter, and has increased 9% from the average.
Omnicom Group Inc. has a market cap of $17.81 billion; its shares were traded at around $69.22 with a P/E ratio of 18.40 and P/S ratio of 1.30. The dividend yield of Omnicom Group Inc. stocks is 2.20%. Omnicom Group Inc. had an annual average earnings growth of 7.70% over the past 10 years. GuruFocus rated Omnicom Group Inc. the business predictability rank of 3.5-star.
Spreadtrum Communications Inc. (SPRD, Financial)
Grantham purchased 962,800 shares of Spreadtrum Communications, representing 0.077% of the portfolio. The share price average in the third quarter was $29 and it has increased 3% from the average.
Spreadtrum Communications Inc. has a market cap of $1.46 billion; its shares were traded at around $30.63 with a P/E ratio of 17.70 and P/S ratio of 1.70. The dividend yield of Spreadtrum Communications Inc. stocks is 1.20%.
Illinois Tool Works Inc. (ITW, Financial)
Grantham purchased 373,800 shares of Illinois Tool Works, representing 0.075% of the portfolio. The stock price averaged $73 in the third quarter and has increased 9% from the average.
Illinois Tool Works Inc. has a market cap of $35.35 billion; its shares were traded at around $79.65 with a P/E ratio of 16.00 and P/S ratio of 2.10. The dividend yield of Illinois Tool Works Inc. stocks is 2.00%. Illinois Tool Works Inc had an annual average earnings growth of 7.90% over the past 10 years. GuruFocus rated Illinois Tool Works Inc. the business predictability rank of 3.5-star.
Adobe Systems Inc. (ADBE, Financial)
GMO purchased 405,500 shares of Adobe Systems Inc. (ADBE), representing 0.056% of the portfolio. The third quarter share price average was $48. Shares have gained 20% from the average.
Adobe Systems Inc. has a market cap of $28.67 billion; its shares were traded at around $57.35 with a P/E ratio of 65.10 and P/S ratio of 7.00. Adobe Systems Inc. had an annual average earnings growth of 12.00% over the past 10 years. GuruFocus rated Adobe Systems Inc. the business predictability rank of 3.5-star.
iShares FTSE/Xinhua China 25 Index ETF (FXI, Financial)
GMO purchased 560,400 shares of iShares FTSE/Xinhua China 25 Index (ETF), representing 0.055% of the portfolio. The third quarter average share price was $36. Shares have gained 8% from the average.
iShares FTSE/Xinhua China 25 Index (ETF) has a market cap of $6.44 billion; its shares were traded at around $38.42. The dividend yield of iShares FTSE/Xinhua China 25 Index (ETF) stocks is 2.30%.
Leap Wireless International Inc. (LEAP, Financial)
GMO purchased 1,173,774 shares of Leap Wireless International, representing 0.049% of his portfolio. The third quarter average share price was $15. Shares have gained 9% from the average.
Leap Wireless International Inc. has a market cap of $1.28 billion; its shares were traded at around $16.14 with and P/S ratio of 0.40. Leap Wireless International Inc. had an annual average earnings growth of 14.10% over the past five years.
PAA Natural Gas Storage LP (PNG, Financial)
GMO purchased 568,000 shares of PAA Natural Gas Storage, representing 0.035% of the portfolio. The third quarter share price was $22. Shares have gained 5% from the average.
PAA Natural Gas Storage LP has a market cap of $2 billion; its shares were traded at around $23.05 with a P/E ratio of 22.50 and P/S ratio of 4.00. The dividend yield of PAA Natural Gas Storage LP stocks is 6.20%.
Boeing Co. (BA, Financial)
GMO purchased 109,977 shares of Boeing Co. (BA), representing 0.034% of his portfolio. The third quarter share price average was $108. Shares have gained 26% from the average.
Boeing Co. has a market cap of $102.26 billion; its shares were traded at around $136.08 with a P/E ratio of 24.20 and P/S ratio of 1.20. The dividend yield of Boeing Co. stocks is 1.40%. Boeing Co had an annual average earnings growth of 14.30% over the past 10 years. GuruFocus rated Boeing Co. the business predictability rank of 3-star.
CapitalSource Inc. (CSE, Financial)
GMO purchased 1,055,298 shares of CapitalSource, representing 0.033% of the portfolio. The average share price in the third quarter was $11. Shares have gained 19% from the average.
CapitalSource Inc. has a market cap of $2.65 billion; its shares were traded at around $13.43 with a P/E ratio of 17.80 and P/S ratio of 6.30. The dividend yield of CapitalSource Inc. stocks is 0.30%.
Precision Castparts Corp. (PCP, Financial)
GMO purchased 54,880 shares of Precision Castparts Corp., representing 0.033% of the portfolio. The third quarter share price average was $226. Shares have gained 11% from the average.
Precision Castparts Corp. has a market cap of $36.34 billion; its shares were traded at around $250.20 with a P/E ratio of 22.90 and P/S ratio of 4.00. The dividend yield of Precision Castparts Corp. stocks is 0.10%. Precision Castparts Corp. had an annual average earnings growth of 19.50% over the past 10 years. GuruFocus rated Precision Castparts Corp. the business predictability rank of 2-star.
See more Jeremy Grantham stocks in the GMO portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Jeremy Grantham.
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