The portfolio of Donald Smith (Trades, Portfolio), CIO of Donald Smith (Trades, Portfolio) & Co., emphasizes stocks in the Industrial, Financial Services and Technology sectors – and so did his fourth-quarter trading activity.
Smith reduced his stake in Ingram Micro Inc. (IM, Financial), an electronics company based in Irvine, California, by more than 28%. The guru sold 2,205,159 shares for an average price of $30.33 per share. The transaction had a -1.56% impact on Smith’s portfolio.
Smith’s stake in Ingram is now 5,633,606 shares, which is 3.76% of Ingram’s outstanding shares and 4.45% of Smith’s total assets. Smith is Ingram’s leading shareholder among the gurus.
Ingram has a P/E of 29.5, a forward P/E of 10.9, a P/B of 1.4 and a P/S of 0.1. GuruFocus gives Ingram a Financial Strength rating of 8/10 and a Profitability and Growth rating of 6/10.
Ingram sold for $35.67 per share Friday.
Smith trimmed his stake in Royal Caribbean Cruises Ltd. (RCL, Financial), a Miami-based cruise company, by almost 68%. Smith sold 488,011 shares for an average price of $95.35 per share. The deal had a -1.13% impact on Smith’s portfolio.
Smith’s remaining stake of 230,866 shares is 0.11% of Royal Caribbean Cruises’ outstanding shares and 0.61% of Smith’s total assets. PRIMECAP Management (Trades, Portfolio)s is the gurus’ leading shareholder in Royal Caribbean Cruises with 5,077,801 shares. The stake is 2.34% of Royal Caribbean Cruises’ outstanding shares and 0.53% of PRIMECAP’s total assets.
Royal Caribbean Cruises has a P/E of 25, a forward P/E of 10.6, a P/B of 2.1 and a P/S of 2. GuruFocus gives Royal Caribbean Cruises a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Royal Caribbean Cruises sold for $75.19 per share Friday.
Smith sold nearly all of his stake in RenaissanceRe Holdings Ltd. (RNR, Financial), a Bermuda-based provider of reinsurance, insurance and related services. Smith sold 166,321 shares for an average price of $110.75 per share, leaving him with 160 shares in his portfolio. The transaction had a -0.46% impact on his portfolio.
RenaissanceRe Holdings’ leading shareholder among the gurus is Jim Simons (Trades, Portfolio) with 246,915 shares. The stake is 0.57% of RenaissanceRe Holdings’ outstanding shares and 0.06% of Simons’ total assets.
RenaissanceRe Holdings has a P/E of 12.1, a forward P/E of 11.5, a P/B of 1.2 and a P/S of 3.3. GuruFocus gives RenaissanceRe Holdings a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
RenaissanceRe Holdings sold for $114.37 per share Friday.
The guru trimmed his stake in JetBlue Airways Corp. (JBLU, Financial), a low-cost airline based in New York, by nearly 9%. Smith sold 607,881 shares for an average price of $24.87 per share. The deal had a -0.41% impact on Smith’s portfolio.
Smith’s stake is now 6,534,476 shares, which is 2.04% of JetBlue’s outstanding shares and 3.85% of the guru’s total assets. PRIMECAP Management (Trades, Portfolio) is JetBlue’s leading shareholder among the gurus with a stake of 20,107,514 shares. The stake is 6.26% of JetBlue’s outstanding shares and 0.47% of PRIMECAP’s total assets.
JetBlue has a P/E of 13.3, a forward P/E of 8.9, a P/B of 2.2 and a P/S of 1.2. GuruFocus gives JetBlue a Financial Strength rating of 5/10 and aProfitability and Growth rating of 8/10.
JetBlue sold for $22.3 per share Friday.
Smith raised his stake in KB Home (KBH, Financial), a Los Angeles-based homebuilding company, by nearly 735%. Smith purchased 4,051,688 shares for an average price of $13.46 per share. The deal had a 1.3% impact on Smith’s portfolio.
Smith’s stake, now 4,603,214 shares, is 4.99% of KB Home’s outstanding shares and 1.48% of Smith’s total assets. The acquisition made Smith KB Home’s leading shareholder among the gurus.
KB Home has a P/E of 14.3, a forward P/E of 8.2, a P/B of 0.7 and a P/S of 0.4. GuruFocus gives KB Home a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
KB Home sold for $12.05 per share Friday.
Smith’s increase in his stake in MFA Financial Inc. (MFA, Financial), a New York-based REIT that owns and manages residential mortgage-backed securities, was almost as impressive.
Smith boosted his stake in MFA Financial by nearly 527% with the purchase of 4,910,211 shares for an average price of $6.9 per share. The transaction had a 0.84% impact on Smith’s portfolio.
Smith’s stake of 5,842,272 shares is 1.57% of MFA Financial’s outstanding shares and 1% of Smith’s total assets. The acquisition made Smith the gurus’ leading shareholder in MFA Financial.
MFA Financial has a P/E of 8.5, a forward P/E of 10.2, a P/B of 0.9 and a P/S of 6.9. GuruFocus gives MFA Financial a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
MFA Financial sold for $6.82 per share Friday.
By comparison, Smith’s increase in his stake in Celestica Inc. (CLS, Financial), an electronics company based in Toronto, was modest. Smith raised his stake in Celestica by more than 66%, acquiring 1,928,798 shares for an average price of $11.49 per share. The deal had a 0.55% impact on Smith’s portfolio.
Smith’s stake in Celestica is now 4,835,879 shares, which is 3.38% of Celestica’s outstanding shares and 1.39% of Smith’s total assets. Smith is Celestica’s leading shareholder among the gurus.
Celestica has a P/E of 34.8, a forward P/E of 8.1, a P/B of 1.5 and a P/S of 0.3. GuruFocus gives Celestica a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Celestica sold for $10.16 per share Friday.
Smith added two new stakes to his portfolio in the fourth quarter. The most noteworthy was his purchase of a 630,308-share stake in Axis Capital Holdings Ltd. (AXS, Financial), a Bermuda-based property and casualty insurance company, for an average price of $55.25 per share. The acquisition had a 0.92% impact on Smith’s portfolio.
Smith’s stake is 0.65% of Axis Capital’s outstanding shares and 0.92% of the guru’s total assets. Richard Pzena (Trades, Portfolio) is Axis Capital’s leading shareholder among the gurus with a stake of 5,637,010 shares. Pzena’s stake is 5.85% of Axis Capital’s outstanding shares and 1.96% of Pzena’s total assets.
Axis Capital has a P/E of 8.6, a forward P/E of 12.7, a P/B of 1 and a P/S of 1.3. GuruFocus gives Axis Capital a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
Axis Capital sold for $53.91 per share Friday.
Smith’s other new buy was a 5,014,531-share stake in Northern Dynasty Minerals Ltd. (NAK, Financial), a Canadian mining company, for an average price of 34 cents per share. The transaction had a 0.04% impact on Smith’s portfolio.
Smith’s stake is 3.83% of Northern Dynasty Minerals’ outstanding shares and 0.04% of his total assets. Smith is Northern Dynasty Minerals’ only shareholder among the gurus.
Northern Dynasty Minerals has a P/B of 0.4. GuruFocus gives Northern Dynasty Minerals a Financial Strength rating of 5/10 and a Profitability and Growth rating of 3/10.
Northern Dynasty Minerals sold for 35 cents per share Friday.
Smith sold his 1,107,964-share stake in Pep Boys – Manny Moe & Jack (PBY, Financial), a specialty retail and automotive repair and tire company based in Philadelphia, for an average price of $15.02 per share. The divestiture had a -0.38% impact on Smith’s portfolio.
At the end of the fourth quarter, Mario Gabelli (Trades, Portfolio) was Pep Boys’ leading shareholder among the gurus with a stake of 6,682,011 shares in his portfolio. The stake is 12.34% of Pep Boys’ outstanding shares and 0.8% of Gabelli’s total assets.
Pep Boys has a forward P/E of 52.9, a P/B of 1.8 and a P/S of 0.5. GuruFocus gives Pep Boys a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
Pep Boys sold for $18.5 per share Friday.
Smith also sold his stake in Sypris Solutions Inc. (SYPR, Financial), a Louisville, Kentucky-based provider of services and specialty products in aerospace and defense. Smith sold his 263,012-share stake for an average price of $1.21 per share. The divestiture had a -0.01% impact on Smith’s portfolio.
Jim Simons (Trades, Portfolio)’ is Sypris’ only shareholder among the gurus with a stake of 517,800 shares. The stake is 2.49% of Sypris’ outstanding shares.
Sypris has a P/B of 0.8 and a P/S of 0.1. GuruFocus gives Sypris a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
Sypris sold for 87 cents per share Friday.
To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.
