Taking a disciplined approach and identifying the risks to pursue consistent returns, as well as interpreting the latest economic and market trends. This is the investment philosophy of the firm Columbia Wanger (Trades, Portfolio), which manages a portfolio of $12.5 billion composed of 186 stocks. During the third quarter, the firm bought nine new stocks and increased more than 80 of its existing stakes.
The following are the most heavily weighted buys based on the impact the transaction had on the firm’s total assets.
The largest buy was Cvent Inc. (CVT). Columbia Wanger increased its stake by 629.50% with an impact of 0.48% on its portfolio, reaching a total of more than 2 million shares. The current stake is 4.99% of the company’s outstanding shares.
The company provides a cloud-based enterprise event management platform with solutions for both sides of the events and meetings value chain, event and meeting planners and hotels and venues.
GuruFocus gives the company a profitability and growth rating of 4/10; its profitability ratios and returns are slightly negative, ROE is -5.22%, ROA is -3.05%, operating margin is -7.02%, net-margin is -5.20% and they are underperforming the 70% of the Global Software – Application industry. Compared to its history, the current performances are the worst of the last 10 years.
Columbia Wanger is the largest shareholder among the gurus, followed by Jim Simons (Trades, Portfolio) who holds 0.7% of outstanding shares, and Paul Tudor Jones (Trades, Portfolio) with 0.05%.
The second largest buy was Vermilion Energy Inc. (VET). The fund bought 1.25 million shares with an impact of 0.32% on its total assets.
The company is an international oil and gas producer engaged in the acquisition, development and optimization of producing properties in Western Canada, Europe, and Australia.
Vermilion Energy has a GuruFocus profitability and growth rating of 8/10; returns are slightly negative with ROE of -0.83%, ROA of -0.37%, while only operating margin is positive at 7.91%. All these ratios are outperforming 72% of other companies in the Global Oil & Gas E&P industry. Compared to its history, the current performances are the worst of the last 10 years.
Other guru shareholders include Jim Simons (Trades, Portfolio), who holds a stake of 0.04% of outstanding shares, Jeremy Grantham (Trades, Portfolio) with 0.03% and RS Investment Management (Trades, Portfolio) with an small stake of 806 shares.
Columbia bought more than 1 million shares of Starz (STRZA) with an impact of 0.31% on its portfolio. The stake is 1.03% of the company’s outstanding shares and 0.31% of the investor’s total assets.
The company provides premium subscription video programming services to multichannel video distributors, including cable operators, satellite television providers, and telecommunications companies. It pay television channels, global content distribution, and animated television and movie production.
Starz has a GuruFocus profitability and growth rating of 8/10. It has good returns with ROE of 220.57% and ROA of 17.88% that are outperforming 94% of other companies in the Global Media – Diversified industry.
The largest guru shareholder is Murray Stahl (Trades, Portfolio), who holds 6.03% of the company’s outstanding shares, followed by Jana Partners (Trades, Portfolio) with 5.46% and John Keeley (Trades, Portfolio) with 0.37%.
Columbia Wanger bought 310,750 shares of Polaris Industries Inc. (PII) with an impact of 0.3% on its portfolio.
The company and its subsidiaries are engaged in the designing, engineering and manufacturing off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility use, snowmobiles, and on-road vehicles.Ă‚
GuruFocus gives Polaris Industries a profitability and growth rating of 8/10. It has good returns, ROE 54.95%, ROA 22.53% that are outperforming 97% of other companies in the Global Recreational Vehicles industry.
Other guru shareholders include Steven Cohen (Trades, Portfolio) with 0.36% of outstanding shares, Ken Fisher (Trades, Portfolio) with 0.34%, Meridian Funds (Trades, Portfolio) with 0.23% and Jeremy Grantham (Trades, Portfolio) with 0.11%.
The firm bought more than 1 million shares of Cato Corp. (CATO) with an impact of 0.29% on its portfolio.Ă‚
Cato operates fashion specialty stores in 32 states, mainly in the southeastern United States, under the names 'Cato,' 'Cato Fashions,' 'Cato Plus,' 'It's Fashion,' 'It's Fashion Metro' and 'Versona Accessories'. Cato's stores feature an assortment of apparel and accessories, including dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry and handbags.
GuruFocus gives Cato Corp. a profitability and growth rating of 8/10. It has positive returns with ROE of 16.25% and ROA of 10.50% that are outperforming 77% of other companies in the Global Apparel Stores industry.
Other guru shareholders include Chuck Royce (Trades, Portfolio) with 8.51% of outstanding shares, Joel Greenblatt (Trades, Portfolio) with 0.99%, Jim Simons (Trades, Portfolio) with 0.49% and Jeremy Grantham (Trades, Portfolio) with 0.06%.
Columbia Wanger bought more than 4 million shares of Quotient Technology Inc. (QUOT) with an impact of 0.29% on its portfolio.Ă‚
Quotient Technology delivers digital coupons to consumers, including coupons and coupon codes, and display advertising through its platform which includes its web, mobile and social channels.
GuruFocus gives the company a profitability and growth rating of 2/10. It has negative returns with ROE of -9.02% and ROA of -7.57% that are underperforming 70% of other companies in the Global Marketing Services industry.
Other guru shareholders include Chris Davis (Trades, Portfolio) with 5.93% of outstanding shares and Ron Baron (Trades, Portfolio) with 0.10%.
Columbia increased by 31.96% its stake in Gentex Corp. (GNTX) with an impact of 0.27% on its portfolio. The current stake is 3.13% of the company’s outstanding shares and 1.13% of the investor’s total assets.
The company's business involves designing, developing, manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors.
GuruFocus gives Gentex a profitability and growth rating of 7/10. It has positive returns with ROE of 18.81% and ROA of 14.61% that are underperforming 93% of other companies in the Global Auto Parts industry. Financial strength is rated 7/10 with a cash to debt of 2.48.
Other shareholders among the gurus include Chuck Royce (Trades, Portfolio) with 2.21% of shares outstanding, Joel Greenblatt (Trades, Portfolio) with 0.61% and Jim Simons (Trades, Portfolio) with 0.18%.
The fund increased by 120.01% its stake in Demandware Inc. (DWRE) with an impact of 0.24% on its portfolio. The current stake is 2.83% of outstanding shares and 0.44% of Columbia’s total assets
The company provides enterprise-class cloud-based digital commerce solutions for retailers and branded manufacturers. Its platform, Demandware Commerce, enables customers to establish and execute complex digital commerce strategies that include expansion, multi-brand rollouts and omni-channel operations. It enable companies to easily design, implement and manage their own customized digital commerce sites, including websites, mobile applications, in-store solutions and other digital storefronts.
GuruFocus gives Demandware a profitability and growth rating of 2/10. It has negative returns with ROE of -14.89% and ROA of -11.88% that are underperforming 78% of other companies in the Global Software - Application industry. Financial strength has an overall rating of 8/10 and the company is out of debt.
Other shareholders among the gurus include RS Investment Management (Trades, Portfolio) with 2.25% and Pioneer Investments (Trades, Portfolio) with 0.21%.
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