Every quarter, many money managers have to disclose what they've bought and sold via 13F filings. Their latest moves can shine a bright light on smart stock picks.
Today let's look at investing giant Westfield Capital Management, an investment advisor serving institutions and wealthy investors. It employs deep fundamental research as it seeks out stocks that are underloved by the market, and its funds have outperformed their benchmarks, on average, since inception.
The company's reportable stock portfolio totaled $13.6 billion in value as of June 30, 2012.
So, what does Westfield Capital's latest quarterly 13F filing tell us? Here are a few interesting details.
New holdings include Nu Skin Enterprises
Among holdings in which Westfield Capital increased its stake were Kraft, Fortinet, and Coach. Blue-chip Kraft has long offered diversification, with both slow-growth grocery items and faster-growing snack foods. But now it's splitting those two businesses into two companies. Computer security specialist Fortinet recently posted a strong quarter, with revenue up 25% over year-ago levels. Luxury handbag maker Coach fell some 17% recently, on disappointing sales in the U.S., despite solid sales abroad.
Westfield Capital reduced its stake in lots of companies, including Halliburton
Finally, Westfield Capital unloaded several companies, such as Alpha Natural Resources
We should never blindly copy any investor's moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.
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