Arnold Van Den Berg's Largest Buys in 1st Quarter

Allegheny Technologies had an impact of 2% on his assets

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Apr 21, 2016
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Arnold Van Den Berg is a value investor who founded Century Management in 1974. He applies value investment strategies as his investment philosophy. He focused his first-quarter buys as follows:

The guru increased his stake in Allegheny Technologies Inc. (ATI) by 66.47%  with an impact of 2.16% on the portfolio.

The company is one of the largest and most diversified specialty materials and components producers in the world with revenues of approximately $3.7 billion in 2015. For the company 2015 was an incredibly difficult year, and the fourth quarter was the most challenging of the year.

GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with ROE of -15.40% and ROA of -5.00% that are underperforming 89% of other companies in the Global Metal Fabrication industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.10 that is a few below the industry median of 1.09.

Other notable shareholder among the gurus is

Chuck Royce (Trades, Portfolio) with 1.78% of outstanding shares followed by Chris Davis (Trades, Portfolio) with 0.76% and Paul Tudor Jones (Trades, Portfolio) with 0.06%.

The guru acquired 70,171 shares in McKesson Corp. (MCK) with an impact of 1.89% on the portfolio.

The company delivers pharmaceuticals, medical supplies and health care information technology that make health care safer while reducing costs. Fourth quarter revenue grew 30% year over year and earnings per diluted share from continuing operations was $1.69 compared to $1.72 a year ago.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 5.31% and ROA of 2.57% that are outperforming 56% of the companies in the Global Medical Distribution industry. Financial strength has a rating of 8 out of 10 with cash to debt of 0.39 that is below industry median of 0.50.

Vanguard Health Care Fund (Trades, Portfolio) is the company's largest shareholder among the gurus with 2.9% of outstanding shares followed by Andreas Halvorsen (Trades, Portfolio) with 1.21%, Larry Robbins (Trades, Portfolio) with 0.96%, Pioneer Investments (Trades, Portfolio) with 0.1%, Ray Dalio (Trades, Portfolio) with 0.02%, First Pacific Advisors (Trades, Portfolio) with 0.02% and Joel Greenblatt (Trades, Portfolio) with 0.02%.

The guru increased his stake in International Business Machines Corp. (IBM) by 3,492% with an impact of 1.85% on the portfolio.

The company creates business value for clients and solves business problems through integrated solutions that leverage information technology and knowledge of business processes. Fourth quarter diluted earnings from continuing operations had a decrease of 17% year to year and operating (non-GAAP) diluted earnings from continuing operations were $4.84 per share, compared with operating diluted earnings of $5.81 per share in the fourth quarter of 2014, which represents a 17% decrease.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 94.25% and ROA of 11.44% that are outperforming 89% of other companies in the Global Information Technology Services industry. Financial strength has a rating of 8 out of 10, with cash to debt of 0.33 that is below industry median of 12.17.

The largest shareholder among the gurus is

Warren Buffett (Trades, Portfolio) with 8.43% of outstanding shares followed by Diamond Hill Capital (Trades, Portfolio) with 0.14%, Prem Watsa (Trades, Portfolio) with 0.14%, Ruane Cunniff (Trades, Portfolio) with 0.13%, Jeremy Grantham (Trades, Portfolio) with 0.11% and Barrow, Hanley, Mewhinney & Strauss with 0.08%.

The guru raised his stake in Colfax Corp. (CFX) by 41.24% with an impact of 1.26% on the portfolio.

The company designs, manufactures, installs and maintains gas- and fluid-handling products for use in a wide range of markets, including power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other. During the fourth quarter net sales decreased 12.0% from the prior year, net income per dilutive share was 36 cents, and adjusted net income per share was 51 cents.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 5.38% and ROA of 2.40% that are underperforming 59% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.14 that is below the industry median of 1.09.

Chuck Akre (Trades, Portfolio) is the company's largest shareholder among the gurus with 5.98% of outstanding shares followed by Diamond Hill Capital (Trades, Portfolio) with 4.76%, Wallace Weitz (Trades, Portfolio) with 1.59%, Tom Gayner (Trades, Portfolio) with 0.92%, Ron Baron (Trades, Portfolio) with 0.67%, Murray Stahl (Trades, Portfolio) with 0.61% and Ruane Cunniff (Trades, Portfolio) with 0.41%.

The guru bought 30,222 shares in Alliance Data Systems Corp. (ADS) with an impact of 1.14% on the portfolio.

The company is a provider of data-driven and transaction-based marketing and customer loyalty solutions. It offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, analytics and creative services, direct marketing services and private label and co-brand retail credit card programs.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 26.97% that is outperforming and ROA of 2.94% that is underperforming other companies in the Global Business Services industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.10 that is below the industry median of 1.49.

The largest shareholder among the gurus is

Ronald Muhlenkamp (Trades, Portfolio) with 0.2% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.08%, Steven Cohen (Trades, Portfolio) with 0.05% and Dalio with 0.04%.

The guru acquired 210,925 shares in Devon Energy Corp. (DVN) with an impact of 0.99% on the portfolio.

The company is a leading independent energy company engaged in finding and producing oil and natural gas. It is the second-largest oil producer among North American onshore independents. Fourth quarter oil production growth of 26% from the year-ago quarter and operating cash flow had a 12% increase compared to the fourth quarter of 2014.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of -98.41% and ROA of -36.05% that are underperforming 83% of other companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.18 that is below the industry median of 0.43.

The largest shareholder among the gurus is

First Eagle Investment (Trades, Portfolio) with 2.17% of outstanding shares followed by Tweedy Browne (Trades, Portfolio) with 0.86%, Tweedy Browne (Trades, Portfolio) Global Value with 0.29%, Third Avenue Management (Trades, Portfolio) with 0.25%, Richard Snow (Trades, Portfolio) with 0.25%, Martin Whitman (Trades, Portfolio) with 0.18% and Davis with 0.08%.

The guru increased his stake in Era Group Inc. (ERA) by 28.49% with an impact of 0.38% on the portfolio.

The company is one of the largest helicopter operators in the world and the longest-serving helicopter transport operator in the U.S.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 1.83% and ROA of 0.86% that are underperforming 73% of other companies in the Global Airports & Air Services industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.05 that is far below industry median of 0.38.

The largest shareholder among the gurus is Royce with 4.45% of outstanding shares followed by Simons with 0.22%.

The guru raised his stake in DaVita HealthCare Partners Inc. (DVA) by 22.67% with an impact of 0.76% on the portfolio.

It is a provider of dialysis services in the U.S. for patients suffering from chronic kidney failure, also known as end-stage renal disease, or ESRD.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 5.36% and ROA of 1.46% that are underperforming 68% of the companies in the Global Medical Care industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.21 that is below the industry median of 0.36.

Warren Buffett (Trades, Portfolio) is the company's largest shareholder among the gurus with 18.71% of outstanding shares followed by Manning & Napier Advisors Inc. with 0.93%, Alan Fournier (Trades, Portfolio) with 0.62%, Simons with 0.45%, Greenblatt with 0.15%, Dalio with 0.02% and Mario Gabelli (Trades, Portfolio) with 0.02%.

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