During Q1 of 2015, top hedge fund manager Larry Robbins (Trades, Portfolio), bought 11 new stocks according to his stock picks page.
He bought McDonald’s Corp (MCD), Citigroup Inc. (C), Gap Inc. (GPS), Manpower Group (MAN) and Manitowoc Co. Inc. (MTW) as reported on this article
He also initiated positions in the following stocks and some of them are performing well after his buy.
He bought 330,060 shares of Google Inc (GOOGL) which is a technology company engaged in improving the ways people connect with information. After this buy the price of the stock rose by 2%. The company is trading with a P/E (ttm) of 25.50 (-8.99% from its 52 weeks high and +12.89% from its 52 weeks low). It has positive returns (ROE +14.60% and ROA +11.60%) but looks undervalued by 3% according to the DCF model.
The investor now holds 0.05% of outstanding shares of the company and GOOGL now comprises 0.84% of his total assets.
He bought 2,443,632 shares of AbbVie Inc (ABBV) which is a research-based biopharmaceutical company with a portfolio of proprietary products including a broad line of adult and pediatric pharmaceuticals. Since that buy the stock rose by 12% and is now trading with a P/E (ttm) of 60.80 (-4.65% from its 52 weeks high and +31.34% from its 52 weeks low). It has positive returns (ROE +51.36% and ROA +6.47%) but looks overpriced by 308% according to the DCF model.
The investor now holds 0.15% of outstanding shares of the company and ABBVĂ‚ comprises 0.65% of his total assets.
He bought 13,993,398 shares of Rite Aid Corp (RAD) which operates retail drugstore chain in the United States. It operates its drugstores in 31 states across the country and in the District of Columbia . Since that buy the price rose by 12% and is now trading with a P/E (ttm) of 4.10 (-4.08% from its 52 weeks high and +96.83% from its 52 weeks low). It has positive returns (ROC +22.41% and ROA +28.58%) but looks undervalued by 72% according to the DCF model).
The investor is now the main holder with 1.41% of outstanding shares of the company and RAD is now the 0.56% of his total assets.
He bought 1,369,842 shares of SPX Corp (SPW)Ă‚ which is a multi-industry manufacturer of specialized, engineered solutions with operations in over 35 countries and sales in over 150 countries internationally. Since that buy the price dropped by 13% and is now trading with a P/E (ttm) of 45.50 (-3.278% from its 52 weeks high and +11.20% from its 52 weeks low). It has positive returns (ROE +3.58% and ROA +1.17%) but looks overpriced by 158% according to the DCF model.
The investor now holds 3.34% of outstanding shares of the company and SPW is now the 0.53% of his total assets.
He bought 1,708,043 shares of FMC Corporation (FMC) which is a chemical company serving agricultural, consumer and industrial markets globally with original solutions, applications and products . Since that trade, the price declined by 4% and is now trading with a P/E (ttm) of 40.00 (-26.22% from its 52 weeks high and +13.48% from its 52 weeks low). It has positive returns (ROE +12.14% and ROA +3.73%) but looks overpriced by 65% according to the DCF model).
The investor is now the second holder with 1.28% of outstanding shares of the company and FMC is now the 0.0.45% of his total assets.
He bought 1,700,753 shares of Healthsouth Corp (HLS)Ă‚ which is a provider of inpatient rehabilitative health care services in the United States. Since that buy the price of the stock is almost flat (+1%) and is now trading with a P/E (ttm) of 19.40 (-9.57% from its 52 weeks high and +25.46% from its 52 weeks low). It has positive returns (ROE +49.58% and ROA +7.31%) but looks overpriced by 36% according to the DCF model).
The investor now holds 1.86% of outstanding shares of the company and HLS is now the 0.34% of his total assets.
