FPA Crescent Fund Steven Romick's First Quarter Sells

By
A A A

The "Great Investor" Steven Romick , Investment Officer of the First Pacific Advisor's Crescent Fund, was actively selling in first quarter 2013. Romick's Crescent Fund is currently valued at $6.1 billion and holds 57 stocks, two of them new. The fund has a quarter-over-quarter turnover of 2%. Guru Steven Romick is in the top 1% of money managers.

As of quarter ending March 31, 2013, Guru Romick sold or reduced his position with these stocks:

Western Digital Corporation ( WDC )

Romick sold out his position with Western Digital Corporation ( WDC ). He sold 1,850,000 shares at an average price of $47.1, for a 13% gain. The current WDC share price is $51.95. The company stock is up 36% over the last 12 months, and up 22% since January.

His holding history:



Encsco PLC ( ESV )

Romick reduced his Encsco PLC ( ESV ) position by 71.23%, leaving a total of 470,000 shares after the trade. Up 10% over the last 12 months, the current share price for ESV is $58.82. Selling 1,163,400 shares at an average of $61.11 meant a loss of 3.8%.

His holding history:



Travelers Companies ( TRV )

Romick reduced his Travelers Companies ( TRV ) position by 44.89%, leaving a total of 695,000 shares after the trade. Up 44% over the last 12 months, the current share price for TRV is $85.77. Selling 566,000 shares at an average price of $79.26 realized a gain of 7%.

His holding history:



PetSmart Inc. ( PETM )

Romick reduced his PetSmart Inc. ( PETM ) position by 53.77%, leaving a total of 423,000 shares after the trade. Up 15% over the last 12 months, the current share price for PETM is $65.38, with a 0% change from average. Selling 492,000 shares at an average of $65.35 made a 0% gain.

His holding history:



Lowe's Companies Inc. ( LOW )

Finally, Romick reduced his Lowe's Companies Inc. ( LOW ) position by 20.41%, leaving a total of 3,120,000 shares after the trade. Up 25% over the last 12 months, the current share price for LOW is $39.29. Selling 800,000 shares at an average of $37.87, Romick gained 3.7%.

His holding history:



Guru Steven Romick leads the Los Angeles-based First Pacific Advisors Crescent Fund with a contrarian value strategy and a 125% cumulative return over the last 10 years.

Steven Romick's top buys, sells, and holdings:



Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial .

About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .




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: ESV , LOW , PETM , TRV , WDC

GuruFocus

GuruFocus

More from GuruFocus:

Related Videos

Stocks

Referenced

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com