1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
James Li
James Li
Articles (567)  | Author's Website |

Spiros Segalas Establishes 3 New Positions in 2nd Quarter

New buys include Nike and Constellation Brands

Spiros Segalas (Trades, Portfolio), portfolio manager of the Harbor Capital Appreciation Fund, disclosed on Friday that he established positions in Nike Inc. (NYSE:NKE), Constellation Brands Inc. (NYSE:STZ) and AstraZeneca PLC (NYSE:AZN) during the second quarter.

Nike

Segalas invested in 5,590,714 shares of Nike for an average price of $66.62 per share. The manager dedicated 1.28% of his portfolio to the position.

2371d139cc094066a5908c3964bd757b.png

The Beaverton, Oregon-based company designs and markets various footwear, apparel, equipment and accessories products. CEO Mark Parker said on June 28 that revenue for the quarter ending May 31 increased 13% year over year, driven by several factors, including strong revenue growth in international markets and “a return to growth in North America.” Parker added that the year “set the foundation for Nike’s next wave of long-term, sustainable growth and profitability.”

414283080.png

GuruFocus ranks Nike’s business predictability 4.5 stars out of five and lists two positive investing signs: expanding operating margins and consistent revenue growth.

1531160456670.png

Among gurus with positions in Nike, Segalas has the second-largest stake. Frank Sands (Trades, Portfolio) has the largest stake with 8,523,059 shares.

5d16c093add8e4a217d23efd0558ae9e.png

Constellation Brands

Segalas invested in 780,279 shares of Constellation Brands for an average price of $222.70. The manager dedicated 0.61% of his portfolio to the position.

01e0b4580720473acdebd0beacd1c482.png

Constellation Brands produces various alcoholic beverages, including popular beers like Corona and Modelo. The company increased its full-year fiscal 2019 earnings per share guidance to a range between $10.93 and $11.23: according to CEO Rob Sands, Constellation Brands’ “investments in innovation for key brands” and other emerging opportunities expect to “yield excellent returns” going forward.

67507293.png

GuruFocus ranks Constellation Brands’ profitability 8 out of 10 as the company’s profit margins and returns outperform over 90% of global competitors. Additionally, Constellation Brands’ operating margin has increased approximately 9.70% per year over the past five years, a positive investing sign according to Berkshire Hathaway Inc. (NYSE:BRK.A)(BRK.B) CEO Warren Buffett (Trades, Portfolio).

1601664016.png

Steve Mandel (Trades, Portfolio), Daniel Loeb (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) have the top three positions in Constellation Brands according to the guru trades page.

6c75baa855f34d8c0d653460c7dc3fd2.png

aa16330fd30bf1fad93e43b94abf5135.png

ffdf832781d635a823d6997239b7da04.png

AstraZeneca

Segalas invested in 1,676,299 shares of AstraZeneca for an average price of $34.65. The manager dedicated 0.2% of his portfolio to the position.

1531155441027.png

U.K.-based AstraZeneca develops and markets pharmaceutical products for various therapeutic classes, including neuroscience, cardiovascular and respiratory. GuruFocus ranks the company’s profitability a modest 6 out of 10: although the company’s profit margins outperform over 70% of global competitors, AstraZeneca’s operating margin has dropped close to a 10-year low of 9% over the past five years.

420587080.png

GuruFocus lists several warning signs for AstraZeneca, including declining revenue over the trailing 12 months, increasing long-term debt and a price-sales ratio near a 10-year high.

1515003934.png

1531160159251.png

See also

According to the top 10 holdings page, Segalas’ top six holdings are Jeff Bezos’ Amazon.com Inc. (NASDAQ:AMZN), Netflix Inc. (NASDAQ:NFLX), Bill Gates (Trades, Portfolio)’ Microsoft Inc. (NASDAQ:MSFT), Alibaba Group Holding Ltd. (NYSE:BABA), Apple Inc. (NASDAQ:AAPL) and Mark Zuckerburg’s Facebook Inc. (NASDAQ:FB). The manager added 135,311 shares of Amazon for an average price of $1,484.45 per share.

a8b9a4d369ec444a6f1cdfb28a0a5c4c.png

cdf0b154ba98710840d2f17b0994c1a7.png

Disclosure: No positions.

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


Rating: 5.0/5 (1 vote)

Voters:

Comments

Please leave your comment:


Performances of the stocks mentioned by James Li


User Generated Screeners


marcjstubbsAUS EVM
blovedaySmall Good Cheap 5
borjateyIPOS SCRATCH
HOLKLSUQuick Look Group 2018 Late Sta
mathew94CurrentInv
HOLKLSUQuick Look Group 2018 Late Sta
HOLKLSUEquity Income 2018 Group Late
HOLKLSULucky 20 Value 2018 Group Late
HOLKLSUTop 20 Group 2018 Late Stage S
HOLKLSUMini Group 2018 Late Stage Sec
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK