RS Investments Adds Concho Resources

By
A A A

RS Investment Management has been busy with adds since Dec. 31, 2013. The company's portfolio lists 284 stocks, 40 of which are new stocks, with a total value of $11.9 billion, and a quarter-by-quarter turnover of 18%. RS Investments' top three investment sectors are energy for 22.1%, basic materials for 16% and technology as 13.7% of its portfolio. Prior to the appointment of new CEO Matthew H. Scanlan in January 2012, RS Investments' average annual return of its RS Partners Fund was 5.4% over the last 10 years. On Dec. 31, 2012, RS Investments added Concho Resources Inc. ( CXO ) stock for 236.95%, with current shares at 4,896,778. RS Investment Management 's holding history of CXO shows the dramatic jump in the fourth quarter of 2012.



Formed in 2006, Concho Resources Inc. is an independent oil and natural gas company, engaged in the acquisition, development and exploration of producing oil and natural gas properties. The company's core operations are focused in the Permian Basin of Southeast New Mexico and West Texas.

Here's a detailed analysis of Concho Resources Inc.

In his recent shareholder letter, Scanlan cited the three foundational qualities in an investment partner as fundamental research capabilities, robust compliance infrastructure and a common risk platform.

Here's a summary of RS Investments' top buys, top sells and top holdings:



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: CXO

GuruFocus

GuruFocus

More from GuruFocus:

Related Videos

Top Home Financing Myths
Top Home Financing Myths            

Stocks

Referenced

75%

Most Active by Volume

64,655,493
  • $17.88 ▼ 1.38%
53,363,101
  • $18.51 ▼ 6.98%
42,789,793
  • $94.01 ▼ 1.26%
40,818,762
  • $121.30 ▼ 0.87%
38,086,152
  • $23.28 ▼ 9.17%
36,103,930
  • $14.20 ▼ 0.77%
31,870,696
  • $14.83 ▼ 1.79%
29,019,850
  • $46.70 ▼ 0.38%
As of 7/31/2015, 04:15 PM

Find a Credit Card

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