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David Goodloe
David Goodloe
Articles (769) 

Swensen Buys Two Stocks in Third Quarter

January 06, 2015 | About:

The third quarter of 2014 was the least active trading quarter for guru David Swensen (Trades, Portfolio) in five years. Swensen, the chief investment officer at Yale University, traded in only five stocks in the third quarter.

Perhaps Swensen has been devoting most of his attention to his job. A Wall Street veteran when he took the post at Yale in 1985, Swensen is credited with raising the value of the school’s endowment assets and investment funds to nearly $24 billion, which is worth more than 15 times its value when Swensen took the job.

In the third quarter of 2014, Swensen bought stock in two companies that are new to his portfolio – Nucor Corp (NYSE:NUE) and Inogen Inc (NASDAQ:INGN).

Swensen bought 18,800 shares of Nucor, a North Carolina-based steel producer, the second-largest in the United States, for an average price of $52.83 per share. The transaction had a 2% impact on his portfolio.


Swensen purchased 24,413 shares of Inogen, a medical technology company, for an average price of $20.32 per share. The deal had a 0.97% impact on his portfolio.


Divestitures and reductions

Swensen sold his stakes in two companies – Twitter Inc (NYSE:TWTR) and Workday Inc (NASDAQ:WDAY) – in the second quarter.

He sold 50,405 shares of Twitter, a California-based social networking service, for an average price of $45.22 per share. The deal had a -10.9% impact on his portfolio.


Swensen sold 77,093 shares in Workday, a California-based business software company, for an average price of $85.52 per share. The transaction had a -8.5% impact on his portfolio.


He also reduced his stake in iShares MSCI EAFE Index Fund (ETF) [EFA], an exchange-traded fund of non-U.S. stocks, selling 142,000 shares for an average price of $66.74. The deal had a -11.9% impact on his portfolio.


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About the author:

David Goodloe
I'm a journalist by training. I grew up in Arkansas and earned my B.A. at the University of Arkansas. I earned my master's degree at the University of North Texas. My background includes stints at newspapers in Arkansas and Texas and teaching news writing and news editing to students at the University of Oklahoma and Richland College here in Dallas. I'm a writer/editor at GuruFocus.

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