The FPA Capital Fund (Trades, Portfolio) bought shares of the following stocks in the fourth quarter of 2018 and first quarter of 2019.
Arrow Electronics Inc. (ARW)
The guru raised its position by 17.74% in the first quarter and added 4.1% in the second quarter. The stake has a portfolio weight of 2.34%.
With a market cap of $5.73 billion, the company distributes semiconductors and electronic components. Its revenue of $29.67 billion has grown 9.8% on average annually over the last five years.
Pzena Investment Management’s Richard Pzena (Trades, Portfolio) is the largest guru shareholder of the company with 0.36% of outstanding shares, followed by Joel Greenblatt (Trades, Portfolio)’s Gotham Asset Management with 0.14% and Jim Simons' (Trades, Portfolio) Renaissance Technologies with 0.06%
Cheesecake Factory Inc. (CAKE)
The investor bought shares of the holding for the first time during the first quarter and boosted the stake by 89.03% in the second quarter. The stake has a weight of 2.99% in the equity portfolio.
The operator of restaurants has a market cap of $1.99 billion. Its revenue of $2.34 billion has grown 7.7% on average annually over the last five years.
The company's largest guru shareholder is Ron Baron (Trades, Portfolio) with 1.77% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio)’s GAMCO Investors with 1.27% and Lee Ainslie (Trades, Portfolio)’s Maverick Capital with 0.94%.
Dana Inc. (DAN)
The firm increased its holding 124.42% in the first quarter and 18.34% in the second quarter. The stake has an equity portfolio weight of 5.07%.
The supplier of sealing and other auto parts for vehicles has a market cap of $2.68 billion. Its revenue of $8.16 billion has grown 5.10% on average annually over the last five years.
Gabelli’s firm is the largest guru shareholder of the company with 2.56% of outstanding shares, followed by Simons’ firm with 0.74% and Greenblatt’s firm with 0.58%.
Investors Bancorp Inc. (ISBC)
The guru increased the holding 7.96% in the first quarter and 9.85% in the second quarter. The stake has an equity portfolio weight of 5.79%.
The holding company for Investor Bank has a market cap of $3.11 billion. Its revenue of $690 million has risen 9.6% on average annually over the last five years.
The largest guru shareholder of the company is Simons with 1.2% of outstanding shares, followed by Hotchkis & Wiley with 0.46%.
MKS Instruments Inc. (MKSI)
The investor boosted the position by 25.55% in the first quarter and 4,076.95% in the second quarter. The stake has an equity portfolio weight of 4.49%.
The company provides solutions to enhance manufacturing productivity and performance. It has a market cap of $4.31 billion. Its revenue of $1.98 billion has grown 27.80% on average annually over the last five years.
The largest shareholder of the gurus is Simons with 3.43% of outstanding shares followed by Chuck Royce (Trades, Portfolio) with 2.42% and Ken Fisher (Trades, Portfolio) with 1.23%.
Ryder System Inc. (R)
The investor bought 69,335 shares of the company during the first quarter and increased the position by 40.21% in the second quarter. The stake has an equity portfolio weight of 3.35%.
The supplier of fleet management solutions has a market cap of $3.12 billion. Its revenue of $8.40 billion has grown 4.7% on average annually over the last five years.
The largest guru shareholder of the company is Pzena’s firm with 4.08% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 1.64% and FPA Capital with 0.18%.
Valmont Industries Inc. (VMI)
The investor started a new position in the company with 25,971 shares in the first quarter and increased it 71.37% in the second quarter. The stake has an equity portfolio weight of 3.34%.
The producer of fabricated metal products has a market cap of $2.82 billion. Its revenue of $2.75 billion has grown 6% on average annually over the last 10 years.
The largest shareholder of the gurus is Royce with 2.37% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 1.39% and Simons with 0.21%.
Disclosure: I do not own any stocks mentioned.
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