RS Investment Management Sells in Second Quarter

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The privately owned investment manager, RS Investment Management , is led by CEO Matthew H. Scanlan and based in San Francisco. The company's portfolio currently lists 310 stocks, with 56 new stocks, a total value of $13.78 billion, and a quarter over quarter turnover of 17%. After second quarter trading, the portfolio's top four sectors are weighted as: energy at 20.9%, basic materials at 16.8% and financial services and industrials both at 13.2%.

These top reductions and sells made the highest impact on the RS Investment Management portfolio, as of the second quarter of 2013.



Thomson Reuters Corporation ( TRI ): Reduced

Impacts Portfolio: 0.23%

Up 17% over 12 months, Thomson Reuters Corporation has a market cap of $28.87 billion; its shares were traded at around $34.80 with a P/E ratio of 27.80.

The dividend yield is 3.71%.



Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 39.56%, selling 969,846 shares at an average price of $33.33, for a gain of 4.4%.

RS Investment Management has averaged a gain of 22% on 2,451,826 shares bought at an average price of $28.61 per share. On shares sold, the firm averaged a gain of 4% on 969,846 shares sold at an average price of $33.33 per share. Current shares stand at 1,481,980.



RenaissanceRe Holdings Ltd. ( RNR ): Sold Out

Impacts Portfolio: 0.22%

Up 11% over 12 months, RenaissanceRe Holdings Ltd. has a market cap of $3.81 billion; its shares were traded at around $85.33 with a P/E ratio of 9.20.

The dividend yield is 1.29%.



Guru Action: As of June 30, 2013, RS Investment Management sold out its holding, selling 326,113 shares at an average price of $88.61, for a loss of 3.7%.

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Trex Company Inc. ( TREX ): Sold Out


Impacts Portfolio: 0.2%

Up 53% over 12 months, Trex Company has a market cap of $771.98 million; its shares were traded at around $44.82 with a P/E ratio of 48.00.



Guru Action: As of June 30, 2013, RS Investment Management sold out its holding, selling 546,765 shares at an average price of $51.42, for a loss of 12.8%.

RBC Bearings Inc. ( ROLL ): Sold Out

Impacts Portfolio: 0.2%

Up 24% over 12 months, RBC Bearings Inc. has a market cap of $1.33 billion; its shares were traded at around $57.55 with a P/E ratio of 24.40.



Guru Action: As of June 30, 2013, RS Investment Management sold out its holding, selling 544,714 shares at an average price of $49.24, for a gain of 16.9%.

Range Resources Corporation ( RRC ): Reduced

Impacts Portfolio: 0.16%

Up 14% over 12 months, Range Resources Corporation has a market cap of $12.69 billion; its shares were traded at around $77.66 with a P/E ratio of 1,093.50 and a P/B of 5.70.

The dividend yield is 0.21%.



Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 8.97%, selling 269,511 shares at an average price of $76.33, for a gain of 1.7%.

RS Investment Management has averaged a gain of 44% on 4,007,264 shares bought at an average price of $53.90 per share. On shares sold, the firm averaged a gain of 9% on 1,271,422 shares sold at an average price of $71.48 per share. Current shares stand at 2,735,842.

Cabot Oil & Gas Corporation ( COG ): Reduced

Impacts Portfolio: 0.16%

Up 77% over 12 months, Cabot Oil & Gas Corporation has a market cap of $15.65 billion; its shares were traded at around $37.13 with a P/E ratio of 75.50 and a P/B of 3.50.

The dividend yield is 0.11%.



Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 9.24%, selling 630,634 shares at an average price of $34.42, for a gain of 7.9%.

RS Investment Management has averaged a gain of 117% on 7,393,140 shares bought at an average price of $17.130 per share. On shares sold, the firm averaged a gain of 17% on 1,202,240 shares sold at an average price of $31.62 per share. Current shares stand at 3,095,450.

Portfolio Recovery Associates Inc. ( PRAA ): Reduced

Impacts Portfolio: 0.16%

Up 66% over 12 months, Portfolio Recovery Associates has a market cap of $2.82 billion; its shares were traded at around $55.58 with a P/E ratio of 23.30.



Guru Action: As of June 30, 2013, RS Investment Management reduced its position by 61.12%, selling 107,511 shares at an average price of $46.77, for a gain of 18.8%.

RS Investment Management has averaged a gain of 187% on 2,334,954 shares bought at an average price of $19.39 per share. On shares sold, the firm averaged a gain of 119% on 1,440,006 shares sold at an average price of $25.43 per share. Current shares stand at 298,316.

This trading history shows numerous quarters of triple-digit gains:

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Here's an in-depth look at all of the trades made by RS Investment Management in the second quarter of 2013.






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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: RNR , ROLL , RRC , TREX , TRI

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