Pioneer Investment Management operates in wide areas of investment vehicles: Mutual Funds, Single Manager Hedge Funds, Funds of Hedge Funds, Structured Products, Segregated and Managed Accounts, Institutional Funds. The firm has a portfolio composed of 502 stocks and in both fourth quarter 2015 and first quarter 2016 the fund bought shares in the following stocks:
Boeing Co. (BA)
During the fourth quarter 2015, the fund increased its stake by 32.11% and by 2.28% in the first quarter 2016. The company together with its subsidiaries designs, develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services.
During the first quarter revenue grew 2% and non-GAAP earnings per shares decreased 12% from the same quarter of a year before. The company reported a 2% decrease for GAAP earnings per shares.
The largest shareholder among the gurus is T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.49% of outstanding shares followed by Spiros Segalas (Trades, Portfolio) with 0.49%, PRIMECAP Management (Trades, Portfolio) with 0.29%, HOTCHKIS & WILEY with 0.2%, Joel Greenblatt (Trades, Portfolio) with 0.09%, Ken Fisher (Trades, Portfolio) with 0.03%, Mario Gabelli (Trades, Portfolio) with 0.03%, Ray Dalio (Trades, Portfolio) with 0.01%, Manning & Napier Advisors Inc. with 0.01% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.
American Assets Trust Inc. (AAT)
During the fourth quarter 2015, the firm increased its stake by 1.54% and increased it by 19.78% in the first quarter 2016. The fund currently holds 2.08% of outstanding shares of the company that is a full-service, vertically integrated and self-administered real estate investment trust. It owns, operates, acquires and develops retail, office, multifamily and mixed-use properties.
Funds from operations increased 5% from the first quarter of 2015. Same-store cash and GAAP NOI increased 7% and 5% from the same quarter of a year before.
Ron Baron (Trades, Portfolio) is the company's largest shareholder among the gurus with 2.08% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.02% and Jones with 0.01%.
American Campus Communities Inc. (ACC)
During fourth quarter 2015, the fund increased its stake by 5.24% and increased it by 3.37% during first quarter 2016. The fund currently holds 0.05% of outstanding shares of the company that owns, manages and develops student housing properties in the U.S. in terms of beds owned, developed and under management.
During the first quarter same store wholly owned net operating income increased 2.5% and revenue grew 2.3% from the same quarter of a year before.
The largest shareholder among the gurus is Simons with 0.61% of outstanding shares followed by Baron with 0.58%, Chris Davis (Trades, Portfolio) with 0.37%, Manning & Napier Advisors with 0.11%, RS Investment Management (Trades, Portfolio) with 0.1%, Jones with 0.02% and Fisher with 0.02%.
Alexander & Baldwin Inc. (ALEX)
During fourth quarter 2015, the firm increased its stake by 4.42% and by 4.83% in first quarter 2016. The fund currently holds 0.14% of outstanding shares of the company that is engaged in real estate development, real estate leasing, materials and construction and agribusiness.
Meridian Funds (Trades, Portfolio) is the company's largest shareholder among the gurus, with 0.84% of outstanding shares followed by Davis with 0.74%, Simons with 0.4%, Arnold Schneider (Trades, Portfolio) with 0.18% and Charles Brandes (Trades, Portfolio) with 0.04%.
American Homes 4 Rent (AMH)
During the last quarter of 2015, the fund increased its stake by 97.85% and increased it by 3.01% in the first quarter 2016. The fund currently holds 0.68% of outstanding shares of the company that is an internally managed real estate investment trust, engaged in acquiring, renovating, leasing and operating single-family homes as rental properties.
During the first quarter the company completed its previously announced merger with American Residential Properties Inc. (ARPI). It reported an increase of 48.2% for total revenue as a result of continued strong leasing activity as its total leased portfolio grew to 44,455 homes.
The largest shareholder among the gurus is Simons with 0.68% of outstanding shares followed by Davis with 0.23%, Manning & Napier Advisors with 0.12%, Jones with 0.03% and Murray Stahl (Trades, Portfolio) with 0.01%.
Chatham Lodging Trust (CLDT)
During fourth quarter 2015, the firm increased its stake by 3.59% and increased it by 3.47% in first quarter 2016. The fund currently holds 0.25% of outstanding shares of the company that is organized to invest in premium-branded upscale extended-stay and select-service hotels.
First quarter adjusted EBITDA increased 13% and adjusted FFO grew 18% from the same quarter of a year before.
Simons is the company's largest shareholder among the gurus with 2.22%, of outstanding shares followed by Fisher with 0.17% and Meridian Funds (Trades, Portfolio) with 0.07%.
Douglas Emmett Inc. (DEI)
During the fourth quarter 2015, the fund increased its stake by 3.42% and increased it by 2.78% in the first quarter 2016. The fund currently holds 0.05% of outstanding shares of the company that is a self-administered real estate investment trust. It owns and operates office and multifamily properties in California and Hawaii. It has two segments, Office Properties and Multifamily Properties.
The largest shareholder among the gurus is Baron with 4.84% of outstanding shares followed by Simons with 0.34% and Manning & Napier Advisors with 0.17%.
Empire State Realty Trust Inc. (ESRT)
During fourth quarter 2015, the firm increased its stake by 4.12% and increased it by 8.75% in first quarter 2016. The fund currently holds 0.05% of outstanding shares of the company, a self-administered and self-managed real estate investment trust that owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area.
First quarter revenues increased 16.5% over the first quarter of last year and the company reported a 10% increase in Core FFO per share over the prior year, reflecting the successful execution of its strategy to consolidate, redevelop and re-lease space to larger, higher credit quality tenants at materially higher rents.
Simons is the company's largest shareholder among the gurus with 0.64% of outstanding shares.
Hilton Worldwide Holdings Inc. (HLT)
During fourth quarter 2015, the fund increased its stake by 6.39% and increased it by 4.26% in first quarter 2016. The fund currently holds 0.01% of outstanding shares of the company that is engaged in the ownership, leasing, management, development and franchising of hotels, resorts and timeshare properties.
The largest shareholder among the gurus is Baron with 0.27% of outstanding shares followed by Andreas Halvorsen (Trades, Portfolio) with 0.13%, PRIMECAP Management (Trades, Portfolio) with 0.11%, Steven Cohen (Trades, Portfolio) with 0.05%, Signature Select Canadian Fund (Trades, Portfolio) with 0.04% and Simons with 0.01%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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