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T Rowe Price Keeps Adding to Chubb, US Bancorp, Qualcomm

The guru purchased these stocks in the last 2 quarters

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Oct 18, 2017
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T Rowe Price Equity Income Fund was founded in 1985 by Brian Rogers. John Linehan succeeded Rogers as manager in 2015. In both the second and third quarters the guru bought shares in the following stocks:

Chubb Ltd. (CB)

In the second quarter, the fund raised its stake by 10.97% and by 39.10% in the third quarter, and now it holds a total of 0.24% of the company’s outstanding shares.

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Chubb, with a market cap of $69.96 billion, operates in the insurance, property and casualty industry.

Jim Simons (Trades, Portfolio) is the largest shareholder among the gurus with 0.52% of outstanding shares followed by Chris Davis (Trades, Portfolio) with 0.32%, Pioneer Investments (Trades, Portfolio) with 0.03% and PRIMECAP Management (Trades, Portfolio) with 0.01%.

Hess Corp. (HES)

In the second quarter, Linehan increased the position by 1.43% and then added another 17.48% in the third quarter. The fund holds 1.57% of outstanding shares of the company that has a market cap of $14.63 billion and operates in the oil and gas industry.

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The largest shareholder among the gurus is

Paul Singer (Trades, Portfolio) with 5.91% of outstanding shares followed by HOTCHKIS & WILEY with 2.54%, Barrow, Hanley, Mewhinney & Strauss with 1.3% and NWQ Managers (Trades, Portfolio) with 0.69%.

US Bancorp (USB)

In the second quarter, the guru raised his holding by 11.92% and in the third quarter increased it by 0.40%. The guru holds 0.33% of outstanding shares of the financial holding company that has a market cap of $90.76 billion.

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Warren Buffett (Trades, Portfolio) is the largest shareholder among the gurus with 5.09% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.69%, Mairs and Power (Trades, Portfolio) with 0.39%, PRIMECAP Management with 0.31% and Donald Yacktman (Trades, Portfolio) with 0.3%.

Qualcomm Inc. (QCOM)

The guru increased the position by 3.65% in the second quarter and by 1.75% in the third quarter. The guru holds 0.42% of outstanding shares.

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With a market cap of $77.32 billion, Qualcomm operates in the semiconductor industry.

The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.71% of outstanding shares followed by PRIMECAP Management with 1.06%,

Jeremy Grantham (Trades, Portfolio) with 0.4% and Seth Klarman (Trades, Portfolio) with 0.35%.

Southern Co. (SO)

The position was increased by 160.96% in the second quarter. In the third quarter it was increased by 64.78%. The guru holds 0.4% of outstanding shares.

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The company generates and distributes electricity and natural gus in the U.S. It has a market cap of $51.11 billion.

Simons is another notable shareholder among the gurus with 0.25% of outstanding shares followed by HOTCHKIS & WILEY with 0.09% and

John Rogers (Trades, Portfolio) with 0.08%.

Wells Fargo & Co. (WFC)

Linehan increased his position by 3.35% in the second quarter and by 6.35% in the third quarter. The guru holds 0.19% of outstanding shares of one of the largest banks in the U.S., which has a market cap of $265.12 billion.

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The largest shareholder among the gurus is Buffett with 9.43% of outstanding shares followed by Dodge & Cox with 1.43%, Barrow, Hanley, Mewhinney & Strauss with 0.7% and Davis with 0.52%.

ExxonMobil Corp. (XOM)

In the second quarter, the guru increased his stake by 2.92% and in the third quarter increased it by 3.09%. The guru holds 0.16% of outstanding shares of the integrated oil and gas company, which has a market cap of $350.87 billion.

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First Eagle Investment is the largest shareholder among the gurus with 0.17% of outstanding shares followed by

Richard Pzena (Trades, Portfolio) with 0.16%, Ken Fisher (Trades, Portfolio) with 0.11% and Pioneer Investments with 0.06%.

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

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