Top 5 New Buys of GMO's Jeremy Grantham

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Holly LaFon
May 14, 2014
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Jeremy Grantham (Trades, Portfolio) is one of the founders of GMO, a firm that invests according to a conservative, value-oriented philosophy. As of Sept. 30, 2013, GMO oversees $112 billion in client assets. Its U.S. Equity fund returned 10.80% since inception in 1989, against its blended benchmarks 10.24%.



In the first quarter, GMO purchased 76 new stocks, for a total of 558 holdings, and 12% portfolio. The portfolio is valued at $38.3 billion.



The Top New Stocks



Xilinx Inc. (

XLNX, Financial)



GMO bought as its largest new position 1,081,003 shares of Xilinx Inc., for a 0.15% portfolio position. The companys share price averaged $50 in the first quarter.



Jeremy Grantham



Xilinx Inc. was founded and incorporated in California in February 1984. Xilinx Inc has a market cap of $12.28 billion; its shares were traded at around $46.00 with a P/E ratio of 21.30 and P/S ratio of 5.80. The dividend yield of Xilinx Inc. stocks is 2.20%. Xilinx Inc. had an annual average earnings growth of 11.70% over the past 10 years. GuruFocus rated Xilinx Inc. the business predictability rank of 3.5-star.



NetApp Inc. (

NTAP, Financial)



GMO bought 1,282,239 shares of NetApp Inc., a 0.12% portfolio weight. The stocks price averaged $40 in the quarter.



Jeremy Grantham



NetApp Inc. was incorporated in California in April 1992. NetApp Inc. has a market cap of $11.48 billion; its shares were traded at around $34.66 with a P/E ratio of 19.90 and P/S ratio of 1.90. The dividend yield of NetApp Inc. stocks is 1.70%. NetApp Inc. had an annual average earnings growth of 17.80% over the past 10 years. GuruFocus rated Netapp Inc. the business predictability rank of 4-star.



Time Warner Cable Inc. (

TWC, Financial)



GMO purchased 257,700 shares of Time Warner Cable, a 0.092% portfolio weight. The stocks price averaged $137 per share in the first quarter.



Jeremy Grantham



Time Warner Cable Inc. was incorporated as a Delaware corporation on March 21, 2003. Time Warner Cable Inc. has a market cap of $37.65 billion; its shares were traded at around $135.12 with a P/E ratio of 19.30 and P/S ratio of 1.80. The dividend yield of Time Warner Cable Inc. stocks is 2.00%. Time Warner Cable Inc. had an annual average earnings growth of 12.20% over the past five years.



Honeywell International Inc. (

HON, Financial)



GMO purchased 355,002 shares of Honeywell International Inc., giving it a 0.86% portfolio weight. The share price averaged $92 during the quarter.



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Honeywell International Inc. was incorporated in Delaware in 1985. Honeywell International Inc. has a market cap of $72.82 billion; its shares were traded at around $92.99 with a P/E ratio of 18.60 and P/S ratio of 1.90. The dividend yield of Honeywell International Inc. stocks is 1.80%. Honeywell International Inc. had an annual average earnings growth of 7.40% over the past 10 years.



Rockwell Automation Inc. (

ROK, Financial)



GMO acquired 189,600 shares of Rockwell Automation Inc. in the first quarter, for a 0.062% portfolio weight. The share price average was $119 in the quarter.



Jeremy Grantham



Rockwell Automation Inc. was incorporated in Delaware in 1996. Rockwell Automation Inc. has a market cap of $16.59 billion; its shares were traded at around $119.82 with a P/E ratio of 21.30 and P/S ratio of 2.60. The dividend yield of Rockwell Automation Inc. stocks is 1.90%. Rockwell Automation Inc. had an annual average earnings growth of 9.30% over the past 10 years. GuruFocus rated Rockwell Automation Inc. the business predictability rank of 3-star.




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I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.