HOTCHKIS & WILEY was established in Los Angeles in 1980. In both the first and second quarters the guru bought shares in the following stocks:
Barclays PLC ADRĂ‚ (BCS)
In the first quarter, the guru increased its stake by 62.09% and in the second quarter increased it by 25.40%. The company is a financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management. It operates in Europe, the Americas, Africa and Asia.
The largest shareholder among the gurus is Ken Fisher (Trades, Portfolio) with 0.55% of outstanding shares followed by Charles Brandes (Trades, Portfolio) with 0.15%, Sarah Ketterer (Trades, Portfolio) with 0.05% and Jim Simons (Trades, Portfolio) with 0.04%.
Cobalt International Energy Inc. (CIE)
In the first quarter, the firm increased its stake by 3.71% and by 4.57% in the second quarter. The firm holds 12.16% of outstanding shares in the independent oil exploration and production company with operations in the deepwater U.S. Gulf of Mexico and offshore Angola and Gabon in West Africa.
John Paulson (Trades, Portfolio) is the second-largest shareholder among the gurus with 9.44% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 1.2%, Simons with 1.15% and Paul Tudor Jones (Trades, Portfolio) with 0.05%.
Office Depot Inc. (ODP)
In the first quarter, the guru increased his stake by 199.39% and in the second quarter raised it by 77.13%. The guru holds 8.56% of outstanding shares in the company, a supplier of office products and services. It offers products including office supplies, paper, ink and tone, cleaning chemicals and equipment, monitors and equipment, computers and tablets, office appliances and school supplies.
The second-largest shareholder among the gurus is Paulson with 2.89% of outstanding shares followed by Jeremy Grantham (Trades, Portfolio) with 1.18%, Simons with 0.66%, Eric Mindich (Trades, Portfolio) with 0.29%, Joel Greenblatt (Trades, Portfolio) with 0.04%, Jones with 0.03% and Mario Gabelli (Trades, Portfolio) with 0.03%.
Morgan Stanley (MS)
In the first quarter and then during the second quarter, the guru increased the stake by 8.50% and 5.31%. The firm holds 0.39% of outstanding shares in the company, which through its subsidiaries and affiliates provides financial products and services to a diversified group of clients and customers including corporations, governments, financial institutions and individuals.
Jeff Ubben (Trades, Portfolio) is the largest shareholder among the gurus with 1.99% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 0.67%, Diamond Hill Capital (Trades, Portfolio) with 0.64%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.61%,Ă‚ Spiros Segalas (Trades, Portfolio) with 0.3% and Ken Heebner (Trades, Portfolio) with 0.14%.
Goldman Sachs Group Inc. (GS)
In the first quarter the guru increased its stake by 31.04% and then by 4.57% in the second quarter. The guru holds 0.37% of outstanding shares in the company, which is an investment banking, securities and investment management firm. Its segments include Investment Banking, Trading and Principal Investments, Asset Management and Securities Services.
The largest shareholder among the gurus is Dodge & Cox with 3.7% of outstanding shares followed by Warren Buffett (Trades, Portfolio) with 2.7%, Pzena with 0.46%, Bill Nygren (Trades, Portfolio) with 0.42%, Pioneer Investments (Trades, Portfolio) with 0.22% and Ruane Cunniff (Trades, Portfolio) with 0.14%.
Sanofi SA ADRĂ‚ (SNY)
In the first quarter, the firm increased its stake by 0.23% and in the second quarter increased it 12.47%. The firm holds 0.44% of outstanding shares in the company that is engaged in the research, development, manufacture and marketing of health care products.
Dodge & Cox is the largest shareholder among the gurus with 2.14% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 1.09%, Fisher with 0.53%, Nygren with 0.21%, Buffett with 0.15% and Brandes with 0.14%.
Citigroup Inc. (C)
In the first quarter, the guru increased its stake by 13.25% and increased it by 2% in the second quarter. The guru holds 0.62% of outstanding shares in the financial services holding company. It provides financial products and services including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.72% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 0.62%, Fisher with 0.41%, Steven Romick (Trades, Portfolio) with 0.38%, Diamond Hill Capital (Trades, Portfolio) with 0.35%, Pzena with 0.33%, Nygren with 0.33% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.19%.
Bank of America Corporation (BAC)
In the first quarter the firm increased its stake by 22.93% and in the second quarter increased it by 0.91%. The firm holds 0.59% of outstanding shares in the bank and financial holding company. Through its subsidiaries, it provides banking and nonbanking financial services and products throughout the U.S. and in selected international markets.
The largest shareholder among the gurus is Dodge & Cox with 2.18% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.82%, Fisher with 0.42%, First Pacific Advisors (Trades, Portfolio) with 0.32%, Nygren with 0.32%, Pzena with 0.29%, Romick with 0.24% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.19%.
American International Group Inc. (AIG)
In the first quarter of 2016, the guru increased its stake 9.32% and in the second quarter again by 1.21%. The guru holds 1.58% of outstanding shares of the stock which through its subsidiaries, provides insurance and related services in the U.S. and abroad.
Dodge & Cox is the largest shareholder among the gurus with 4.26% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 1.16%, Romick with 0.88%, Paulson with 0.85% and First Eagle Investment (Trades, Portfolio) with 0.78%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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