T Rowe Price Equity Income Fund (Trades, Portfolio) owns a portfolio of $21.390 billion and composed of 101 stocks. In both the second and first quarters the guru bought shares in the following stocks:
Chubb Ltd. (CB)
In the first quarter the guru increased the stake by 125.00% and increased it by 10.97%Â in the second quarter. The investor holds 0.17% of outstanding shares.
Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance (A&H), reinsurance and life insurance to a diverse group of clients.
Jim Simons (Trades, Portfolio) is the largest shareholder among the gurus with 0.41% of outstanding shares followed by Chris Davis (Trades, Portfolio) with 0.33%, Pioneer Investments (Trades, Portfolio) with 0.29%, T Rowe Price Equity Income Fund with 0.17%, Paul Tudor Jones (Trades, Portfolio) with 0.03% and Richard Pzena (Trades, Portfolio) with 0.02%.
Philip Morris International Inc. (PM)
The fund increased the holding by 28.28% during the first quarter and again by 3.80% in the second quarter. The investor holds 0.08% of outstanding shares.
Philip Morris International is a holding company. It manufactures and sells cigarettes and other tobacco products in markets outside the U.S.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.14% of outstanding shares followed by Tom Russo (Trades, Portfolio) with 0.66%, Jeremy Grantham (Trades, Portfolio) with 0.24%, Simons with 0.12%, Diamond Hill Capital (Trades, Portfolio) with 0.09%, Tweedy Browne (Trades, Portfolio) with 0.08% and John Rogers (Trades, Portfolio) with 0.06%.
Southern Co. (SO)
The guru raised the position by 26.53% during the first quarter and increased it by 160.96% in the second quarter. The guru holds 0.41% of outstanding shares.
Southern is an electricity generating company that distributes electricity and natural gas to approximately 9 million customers in nine states. It provides services in few of the Southeastern states. It also owns about 50 GW of generating capacity.
Simons is another notable shareholder among the gurus with 0.18% of outstanding shares followed by HOTCHKIS & WILEY with 0.09%, Rogers with 0.06% and Julian Robertson (Trades, Portfolio) with 0.01%.
Gilead Sciences Inc. (GILD)
The position was increased by 79.65% in the first quarter. In the second quarter it was increased again by 27.77%. The guru holds 0.25% of outstanding shares.
Gilead Sciences is a research-based biopharmaceutical company that discovers, develops and commercializes new medicines for different medical sectors.
The largest shareholder among the gurus is Simons with 0.59% of outstanding shares followed by Pioneer Investments with 0.15%, Rogers with 0.14%, Joel Greenblatt (Trades, Portfolio) with 0.09%, David Carlson (Trades, Portfolio) with 0.06%, Jerome Dodson (Trades, Portfolio) with 0.05% and Steven Cohen (Trades, Portfolio) with 0.04%.
Occidental Petroleum Corp. (OXY)
During the first quarter, the guru increased the holding by 46.32% and in the second quarter again added to its position by 0.44%. The guru holds 0.57% of outstanding shares.
Occidental Petroleum is a multinational organization whose subsidiaries and affiliates operate in the oil and gas, chemical and midstream, marketing and other segments.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder among the gurus with 2.19% of outstanding shares followed by Davis with 0.91%, NWQ Managers (Trades, Portfolio) with 0.16%, First Pacific Advisors (Trades, Portfolio) with 0.1%, Cohen with 0.09%, Steven Romick (Trades, Portfolio) with 0.08% and Pioneer Investments with 0.06%.
Fifth Third Bancorp (FITB)
The holding was increased by 10.33% during the first quarter and by 24.92% in the second quarter. The guru holds 1.38% of outstanding shares.
Fifth Third Bancorp provides banking products and services. The company offers checking, savings and money market accounts and credit products. Its segments are Commercial Banking, Branch Banking, Consumer Lending and Wealth and Asset Management.
Another notable shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.81% of outstanding shares followed by Pzena with 0.48%, HOTCHKIS & WILEY with 0.05%, Jones with 0.04% and Robert Olstein (Trades, Portfolio) with 0.03%.
US Bancorp (USB)
During the first quarter, the guru increased its shares by 124.10% and by 11.92% in the second quarter. The guru holds 0.33% of outstanding shares.
US Bancorp is a multistate financial holding company. It offers financial services such as lending and depository service, cash management, foreign exchange and trust and investment management services.
Warren Buffett (Trades, Portfolio) is the largest shareholder among the gurus with 5.05% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.68%, Mairs and Power (Trades, Portfolio) with 0.29%, T Rowe Price Equity Income Fund with 0.33%, Pioneer Investments with 0.3%, PRIMECAP Management (Trades, Portfolio) with 0.3% and Donald Yacktman (Trades, Portfolio) with 0.3%.
Qualcomm Inc. (QCOM)
The fund increased the position by 34.46% in the first quarter and again by 3.65% in the second quarter. The guru holds 0.42% of outstanding shares.
Qualcomm develops and licenses wireless technology. It also engages in designing chips for mobile phones. The company is also the world's largest wireless chip vendor, supplying many premiere handset makers with leading-edge processors.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.54% of outstanding shares followed by PRIMECAP Management with 1.1%, Grantham with 0.41% and Seth Klarman (Trades, Portfolio) with 0.35%.
Wells Fargo & Co. (WFC)
During the first quarter, the guru increased its stake by 27.30% and again by 35.21% in the second quarter. The guru holds 0.19% of outstanding shares.
Wells Fargo operates as one of the largest banks in the U.S. Its business operations are split into three segments: community banking; wholesale banking; and wealth, brokerage and retirement.
Buffett is the largest shareholder among the gurus with 9.66% of outstanding shares followed by Dodge & Cox with 1.43%, Barrow, Hanley, Mewhinney & Strauss with 0.69%, Davis with 0.51%, PRIMECAP Management with 0.37% and Russo with 0.27%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
