After selling companies as American as apple pie, both
Coca-Cola Enterprises Inc. (
) and Google Inc. (
) in the previous quarter, billionaire Guru
sold out four more holdings linked to American identity,
ingenuity, innovation and insurance: Apple Inc. (
), Ford Motor Co. (
), Family Dollar Store (
) and WellPoint Inc. (
), as of the quarter ending March 31, 2013. Here are the details:
Sold Out: Apple Inc. (
) - Computer Systems
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. (
) - Auto Manufacturers
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. (
) - 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 (
) - 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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