Enough Apple Pie, Alan Fournier Unloads Major American Companies

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After selling companies as American as apple pie, both Coca-Cola Enterprises Inc. ( CCE ) and Google Inc. ( GOOG ) in the previous quarter, billionaire Guru Alan Fournier sold out four more holdings linked to American identity, ingenuity, innovation and insurance: Apple Inc. ( APPL ), Ford Motor Co. ( F ), Family Dollar Store ( FDO ) and WellPoint Inc. ( WLP ), as of the quarter ending March 31, 2013. Here are the details:

Sold Out: Apple Inc. ( AAPL ) - Computer Systems

Alan Fournier sold out his position with AAPL, as of March 31, 2013. He sold 212,455 shares at an average price of $466.17 per share, for a loss of 5.7%. Fournier's highest gain was 72.6% on 200,000 shares bought at $254.74 per share in the second quarter of 2010.

This trade impacts his portfolio by -2.4%.

The current share price is $439.66 compared to past valuations:



Sold Out: Ford Motor Co. ( F ) - Auto Manufacturers

Alan Fournier sold out his position with Ford Motor, as of March 31, 2013. He sold 500,000 shares at an average price of $13.35 per share, for a gain of 13.17%. In four quarters of holding, Fournier's highest gain was 56.6% in the third quarter of 2011 when the price was $9.57 per share.

This trade impacts his portfolio by -0.14%.

The current share price is $14.99.



Sold Out: WellPoint Inc. ( WLP ) - Health Care Plans

Alan Fournier also sold out his position with WLP, as of March 31, 2013. Fournier sold a little more than 3.1 million shares at an average price of $63.51 per share, for a gain of 23.3%. This holding brought 20 quarters of solid gains. The peak gain was 105.2% in the fourth quarter of 2008.

This trade impacts his portfolio by -4.1%.

The current share price is $78.32 compared to past valuations:



Sold Out: Family Dollar Stores ( FDO ) - Discount Stores

Alan Fournier sold out his position with FDO, as of March 31, 2013. He sold a little more than 1.3 million shares at an average price of $57.82 per share, for a gain of 10.7%. Fournier's highest gain was 24.1% on about 2.4 million shares bought at $51.59 per share in the third quarter of 2011. Except for a gain of 14% in the first quarter of 2012, this holding posted losses for the rest of 2012.

This trade impacts his portfolio by -1.8%.

The current share price is $64.02.



Guru Alan Fournier is fund manager of Pennant Capital Management with a portfolio of 42 stocks, four of them new, and a total value of $5.14 billion, with a quarter-over-quarter turnover of 9%. Fournier is a value investor who studies both the micro and macro views. He named his firm Pennant Capital in homage to a passion for sailboat racing. The pennant flags show the captain and crew exactly how the winds are changing.





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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

Referenced Stocks: AAPL , APPL , F , FDO , WLP

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