Among the almost 2,000 transactions that SAC Capital Advisors
reported in the 13F holdings report to the SEC for the period
ending Sept. 30, Fossil Inc. (
), Fastenal Company (
) and C.R. Bard (
) were the company's top three new buys.
The transactions consisted of:
Additions to Current Shares
Reductions to Current Shares
has 1,486 stocks in his expansive portfolio, valued about $15.9
billion, with a quarter-over-quarter turnover rate of 49 percent.
is as follows:
Oil & Gas
1. Sirius XM Radio Inc. (
) representing 2.2% of his portfolio, which is 3.43% of shares
2. American International Group Inc. (
) representing 1.8% of his portfolio, which is 0.54% of shares
3. Tiffany & Co. (
) representing 1.3% of his portfolio, which is 2.56% of shares
4. Gilead Sciences Inc. (
) representing 1.3% of his portfolio, which is 0.41% of shares
5. Andarko Petroleum Corp. representing 1.3% of his portfolio,
which is 0.61% of shares outstanding.
Below are Cohen's top three buys out of his third quarter
updates, based on impact to his portfolio.
Fossil Inc. (
Texas-based fashion retailer Fossil Inc. (
) is back on Cohen's portfolio for the fifth time in five years,
as he reported consistently buying and selling Fossil shares over
Cohen sold all of his shares of Fossil in the first quarter of
this year before buying them back, plus a little bit more in the
third quarter. While he reported to owning 63,271 Fossil shares
in the fourth quarter of 2011, he now has almost 1.4 million
shares of the stock.
Cohen is 2.29% owner of Fossil.
With a market cap of almost $5 billion, Fossil produces
vintage-inspired watches, handbags and clothing, as well as
creates fashion accessories for a number of owned and licensed
brands such as Relic, Emporio Armani and DKNY, to name a few.
Before acquiring Skagen Designs Ltd. in April, Fossil stock was
selling as high as $136 per share. Currently, its market price is
Fossil has a
rank of 4.5 stars, as well as a Financial Strength and
Profitability and Growth rank of 9 out of 10. Fossil's revenue
growth has been consistently increasing for the past 10 years, at
a rate of about 16 percent, and 21 percent growth in the last 12
months. Its EBITDA growth has also been growing in the course of
a decade, at 18 percent and 11.6 percent in the past 12 months.
Free cash flow, book value growth and earnings per share are all
experiencing a positive trend line.
View more of Fossil's data on 10-Year Financials.
Fastenal Company (
As with Fossil, construction supplies provider Fastenal Company (
) has been in Cohen's profile in previous quarters; this recent
transaction is Cohen's sixth new purchase of the company in the
last five years, his current holding totaling to a little over 1
million shares. The average price of Fastenal stock was $42.80
upon the time of the purchase.
Founded in 1967, Fastenal has almost 3,000 store locations that
not only sell construction supplies, but also services such as
fastener design and engineering support and material pre-cutting.
Fastenal has a trade price of $41.20 per share, trading close to
its one-year low, and a market cap of $12.14 billion. Fastenal
also has a Financial Strength of 10 and a Profitability and
Growth of 8 on GuruFocus.
Despite one Severe Warning sign indicating cash flow divergence,
Fastenal has nine Good Signs, which boasts about its strong
Altman Z-Score, expanding operating margin, high dividend yield
and low P/E and P/B ratios.
View the rest of Fastenal's data on 10-Year Financials.
C.R. Bard Inc. (
As his largest holding of C.R. Bard (
) in five years, Cohen's recent purchase amounted to 428,700
shares, after selling all of his previous shares of the company
in the second quarter. Cohen has bought and sold out of C.R. Bard
six times before.
C.R. Bard has a market cap of $8.03 billion. Its primary business
involves the development and manufacturing of medical technology,
aiding in the vascular, urology, oncology and surgical specialty
fields. Its stock is trading at $96.55 per share.
Ranking high in Business Predictability, C.R. Bard shows
consistent growth in revenue, at a positive rate of 11.4 percent
in 10 years. On the other hand, its free cash flow growth has
been in decline for the past 12 months.
Its two Severe Warning signs indicate a disproportionate growth
in assets, compared to its revenue as well as a falling operating
margin. In contrast, its three Good Signs shows growth in per
share revenue and its P/E and P/S ratios experiencing 10-year and
View more of its data in 10-Year Financials.About GuruFocus:
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