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James Li
James Li
Articles (387)  | Author's Website |

Jerome Dodson Starts 5 New Positions in 3rd Quarter

Guru reports quarterly portfolio

October 10, 2017 | About:

Parnassus Fund manager Jerome Dodson (Trades, Portfolio) seeks long-term capital appreciation through securities with the following characteristics: wide competitive advantages, good management quality and “relevancy over the long term.”

During the third quarter, Dodson added five new positions: Dentsply Sirona Inc. (NASDAQ:XRAY), Signature Bank (NASDAQ:SBNY), C.H. Robinson Worldwide (NASDAQ:CHRW), Hologic Inc. (NASDAQ:HOLX) and Starbucks Corp. (NASDAQ:SBUX).

Dentsply Sirona

Dodson added 455,000 shares of Dentsply Sirona, a designer of consumable dental products for the professional dental market. The company averaged $59.53 per share during the quarter. With this transaction, the fund manager increased his portfolio 2.69%.

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Dentsply Sirona has a low profitability rank of 5 as the company’s profit margins underperform over 75% of global competitors. Despite this, the company still has expanding operating margins and a dividend yield near a five-year high, two positive investing signs.

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Signature Bank

Dodson added 210,000 shares of Signature Bank at an average price of $131.57 per share. The guru increased his portfolio 2.66% with this transaction.

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The New York regional bank has a profitability rank of 7, suggesting good short-term growth potential. Signature Bank’s operating margin and three-year revenue growth rate ranks higher than 72% and 85% of regional U.S. banks. Additionally, the company’s price-book (P/B) and price-sales (P/S) ratios are near a five-year low, implying good value potential.

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C.H. Robinson Worldwide

Dodson added 280,000 shares of C.H. Robinson at an average price of $69.33 per share. The Parnassus fund manager increased his portfolio 2.11% with this transaction.

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C.H. Robinson, a major truck logistics company, offers satisfactory financial strength and profitability. Even though the company’s profit margins languish near 10-year lows, the company’s returns on equity and assets outperform over 95% of global competitors.

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Hologic

Dodson added 476,556 shares of Hologic, a developer of medical tools for women’s health. The company’s share price averaged $40.49 during the quarter. With this transaction, the guru increased his portfolio 1.73%.

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Hologic’s profitability ranks a modest 6 out of 10, suggesting satisfactory growth potential. Although the company has strong margins and returns, Hologic’s three-year revenue growth rate underperforms 58% of global competitors.

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Starbucks

Dodson added 268,000 shares of Starbucks, a major coffee brewing company around the world. The company averaged $55.48 during the quarter. With this transaction, Dodson expanded his portfolio 1.42%.

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Starbucks has a high profitability of 8 as the company’s margins, returns and three-year revenue growth rates outperform over 88% of global competitors. The company has five positive investing signs, including high dividend yields and relatively low price valuations.

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See also

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Disclosure: I do not have any postions in the stocks mentioned.

About the author:

James Li
I am an editorial assistant and researcher at GuruFocus. I have a Master's in Finance from SMU, and I enjoy writing reports on financial trends and investor portfolios. Follow me on Twitter at @JamesLiGuru!

Visit James Li's Website


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