Every quarter, many money managers have to disclose what they've bought and sold, via 13-F filings. Their latest moves can shine a bright light on smart stock picks.
Today let's look at Kleinheinz Capital Partners, founded in 1996 by John Kleinheinz. Kleinheinz considers himself a contrarian, opportunistic, and value-oriented investor, and is most savvy about the telecom, health care, and energy industries. Kleinheinz has reportedly averaged 22% annual gains since 1996, which is a strong performance.
The company's reportable stock portfolio totaled $1.5 billion in value as of June 30.
So what does Kleinheinz's latest quarterly 13-F filing tell us? Here are a few interesting details.
New holdings include Amarin
TriQuint's main attractive feature at the moment is its position as a supplier to Apple. The huge sales volume for the new iPhone 5 bodes well for TriQuint, but bears worry about competition -- from the likes of Skyworks Solutions -- and they also don't like the fact that so much of TriQuint's fortune rests with one customer. Bolstering the company's performance are its less-focused-on networking and defense operations.
Among holdings in which Kleinheinz increased its stake was natural-gas specialist Cheniere Energy
Kleinheinz reduced its stake in lots of companies, including Level 3 Communications
Finally, Kleinheinz unloaded several companies, such as LED lighting specialist Cree
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, and 13-F forms can be great places to find intriguing candidates for our portfolios.