Bill Nygren (Trades, Portfolio)’s Oakmark Fund was about even with the market through the first three quarters of the year, returning 20%, and hit a new all-time high in the third quarter. After the strong gains of the past several years, Oakmark expects more moderate near-term returns, they wrote in their third quarter letter. The highest contributors to returns were information technology and financial services stocks. “We think these are still among the most attractive sectors of the market,” Nygren said in his third-quarter letter. Together they compose 52% of Oakmark Fund’s portfolio.
In the third quarter, Nygren purchased five new stocks: Las Vegas Sands Corp (LVS, Financial), Glencore PLC (LSE:GLEN, Financial), Accenture PLC (CAN, Financial), T. Rowe Price Group Inc. (TROW, Financial) and Whirlpool Corp (WHR, Financial).
Las Vegas Sands Corp. (LVS, Financial)
Nygren purchased 3 million shares of Law Vegas Sands Corp, a 1.2% portfolio weight. The stock’s third quarter price averaged $67.
Las Vegas Sands Corp was incorporated as a Nevada corporation in August 2004. Las Vegas Sands Corp has a market cap of $51.28 billion; its shares were traded at around $63.94 with a P/E ratio of 19.40 and P/S ratio of 3.50. The dividend yield of Las Vegas Sands Corp stocks is 2.90%. Las Vegas Sands Corp had an annual average earnings growth of 11.90% over the past 10 years.
Glencore PLC (LSE:GLEN, Financial)
Nygren purchased 31 million Glencore PLC shares, a 1.1% portfolio holding. The stock’s price averaged $4 in the quarter.
Glencore PLC, formerly Glencore Xstrata PLC, was incorporated in 2011. Glencore PLC has a market cap of $44.31 billion; its shares were traded at around $3.36 with and P/S ratio of 0.26. The dividend yield of Glencore PLC stocks is 3.06%.
Accenture PLC (ACN)
Nygren purchased 2.1 million Accenture PLC shares in the third quarter, a 1.1% portfolio weighting. The stock’s price averaged $80 in the third quarter.
Accenture PLC is a professional service company incorporated in Ireland on June 10, 2009. Accenture Plc has a market cap of $55.51 billion; its shares were traded at around $84.69 with a P/E ratio of 19.10 and P/S ratio of 1.80. The dividend yield of Accenture Plc stocks is 2.30%. Accenture Plc had an annual average earnings growth of 12.60% over the past 10 years. GuruFocus rated Accenture Plc the business predictability rank of 4.5-star.
T. Rowe Price Group Inc. (TROW, Financial)
Nygren purchased 2.15 million T. Rowe Price Group shares, equating to 1.1% of the portfolio. The stock’s third quarter price averaged $80.
T. Rowe Price Group Inc. was formed in 1937 & incorporated in Maryland. T. Rowe Price Group Inc. has a market cap of $21.58 billion; its shares were traded at around $83.20 with a P/E ratio of 18.80 and P/S ratio of 5.70. The dividend yield of T. Rowe Price Group Inc. stocks is 2.10%.
View more Rowe Price Group Inc had an annual average earnings growth of 10.90% over the past 10 years. Not a Premium Member of GuruFocus? Try it free for 7 days here.
