9 Stocks Pioneer Investment Keeps Buying

Firm bought real estate and tobacco in the last 2 quarters

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Sep 15, 2016
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Pioneer Investment Management operates in wide areas of investment vehicles, such as Mutual Funds, Single Manager Hedge Funds, Funds of Hedge Funds, Structured Products, Segregated and Managed Accounts and Institutional Funds. In both the first and second quarters, the firm bought shares in the following stocks:

Philip Morris International Inc. (PM)

In the first quarter, the firm increased its stake by 5.67% and  increased it by 9.94% in the second quarter. Philip Morris is a holding company that, through its subsidiaries, manufactures and sells cigarettes and other tobacco products in markets outside the United States.

The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.26% of outstanding shares, followed by Tom Russo (Trades, Portfolio) with 0.68%, Jeremy Grantham (Trades, Portfolio) with 0.4%, Lee Ainslie (Trades, Portfolio) with 0.38% and Tweedy Browne (Trades, Portfolio) with 0.09%.

American Campus Communities Inc. (ACC)

In the first quarter, the firm increased its stake by 3.37% and by 0.42% in the second quarter. The firm holds 0.05% of outstanding shares of the real estate investment trust (REIT). ACC owns, manages and develops student housing properties in the United States in terms of beds owned, developed and under management.

Ron Baron (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 0.58% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.43%, Chris Davis (Trades, Portfolio) with 0.33%, RS Investment Management (Trades, Portfolio) with 0.1% and Ken Fisher (Trades, Portfolio) with 0.02%.

Alexander & Baldwin Inc. (ALEX)

In the first quarter, the firm increased its stake by 4.83% and raised it by 8.07% in the second quarter. The firm currently holds 0.15% of outstanding shares of the company, which is engaged in real estate development, real estate leasing, materials and construction and agribusiness.

The largest shareholder among the gurus is Meridian Funds (Trades, Portfolio) with 0.84% of outstanding shares, followed by Chris Davis (Trades, Portfolio) with 0.47%, Jim Simons (Trades, Portfolio) with 0.43%, Arnold Schneider (Trades, Portfolio) with 0.18% and Charles Brandes (Trades, Portfolio) with 0.05%.

American Homes 4 Rent Class AÂ (AMH)

In the first quarter, the firm increased its stake by 3.01% and by 47.68% in the second quarter. The firm currently holds 0.08% of outstanding shares of the stock. The company is an internally managed real estate investment trust engaged in acquiring, renovating, leasing and operating single-family homes as rental properties.

Ken Heebner (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 1.01% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.56%, Chris Davis (Trades, Portfolio) with 0.23% and Manning & Napier Advisors Inc with 0.15%.

Chatham Lodging Trust (CLDT)

In the first quarter, the firm increased its stake by 3.47% and then by 3.77% in the second quarter. The firm currently holds 0.26% of outstanding shares of the stock. Chatham is organized to invest in premium-branded upscale extended-stay and select-service hotels.

The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 2.52% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.14% and Meridian Funds (Trades, Portfolio) with 0.07%.

Douglas Emmett Inc. (DEI)

In the first quarter, the firm increased its stake by 2.78% and increased it by 1.16% in the second quarter. The firm currently holds 0.05% of outstanding shares of the stock. The company is a self-administered real estate investment trust. It owns and operates office and multifamily properties located in California and Hawaii. It has two segments, Office Properties and Multifamily Properties.

Ron Baron (Trades, Portfolio) is the largest shareholder of the company among the gurus, 4.58% of outstanding shares, followed by Manning & Napier Advisors Inc with 0.16%, Jim Simons (Trades, Portfolio) with 0.12% and David Swensen (Trades, Portfolio) with 0.01%.

Empire State Realty Trust Inc. Class AÂ (ESRT)

In the first quarter, Pioneer increased its stake by 8.75% and increased it  again by 1.47% in the second quarter. Pioneer currently holds 0.05% of outstanding shares of the 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.

The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 1.06% of outstanding shares, followed by Paul Tudor Jones (Trades, Portfolio) with 0.01%.

Extended Stay America Inc. (STAY)

In the first quarter, the firm increased its stake by 7.51% and increased it by 8.52% in the second quarter. The firm currently holds 0.1% of outstanding shares of the stock. The company owns and operates company-branded hotels in North America. Its business operates in the extended stay lodging industry. It operates hotels under the brand names Extended Stay America, Extended Stay Canada and Crossland Economy Studios.

The largest shareholder among the gurus is John Paulson (Trades, Portfolio) with 21.26% of outstanding shares, followed by Paul Tudor Jones (Trades, Portfolio) with 0.03% and Jim Simons (Trades, Portfolio) with 0.03%.

Vornado Realty Trust (VNO)

In the first quarter, Pioneer increased its stake by 2.58% and again by 10.05% in the second quarter. The guru currently holds 0.01% of outstanding shares of the stock. Vornado is a real estate investment trust that conducts its business through Vornado Realty LP, a Delaware limited partnership. It invests in retail and office properties.

Third Avenue Management (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 0.39% of outstanding shares, followed by RS Investment Management (Trades, Portfolio) with 0.05%, Chris Davis (Trades, Portfolio) with 0.04% and Manning & Napier Advisors Inc with 0.04%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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