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Ruane Cunniff Adds New Positions to Portfolio In Q1FY15

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May 18, 2015
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Ruane Cunniff (Trades, Portfolio) added six new positions to his portfolio during 1QFY15, which leaves him with a total of 155 stocks that are valued around $21.12 billion, and have a quarter over quarter turnover of 1%. Over half of his portfolio consists of stocks in the healthcare sector.

Cunniff purchased 250,000 shares of LKQ Corp (

LKQ, Financial) at an average price of $25.90 a share.

LKQ Corp is a provider of replacement parts, components and systems that are used to repair automobiles.

According to the DCF calculator, LKQ's intrinsic value is $35.59 a share and has a 21% margin of safety, as it is currently trading at $28.20 a share and indicates the stock may currently be undervalued.


For the trailing twelve months as of March 2015, revenue per share was $22.48 and over the past 12 months, its growth rate was 24.80%. The company has shown predictable revenue and earnings growth, which is a good sign for investors.

300,000 shares of MakeMyTrip LTD (

MMYT, Financial) were purchased at an average price of $24.34 a share. The stock is currently trading at $18.28 a share.

MakeMyTrip is an online travel company based in India. It was incorporated in 2000 under Mauritius laws with limited liability.


One good sign for investors is the P/S ratio of 2.51 is exactly the same as its one-year low. Another good sign is its P/B ratio of 4.76 is currently close to its two-year low of 4.72.

Cunniff purchased 20,000 shares of Salix Pharmaceuticals Ltd (

SLXP, Financial) at an average price of $146.80 a share. The stock is currently trading at $172.81 a share.

Salix is a specialty pharmaceutical company that develops, acquires and commercializes prescription drugs and medical devices that are used to treat gastrointestional diseases affecting the digestive tract.

The company's current ratio is 0.68, which indicates Salix may be having some difficulty meeting current obligations.

Cunniff also added BlackRock Inc (

BLK, Financial), Monsanto Co (MON, Financial) and Cognizant Technology Solutions Corp (CTSH, Financial) to his portfolio.

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