Every quarter, many money managers have to disclose what they've bought and sold. Their latest moves can shine a bright light on smart stock picks.
Today let's look at Columbia Wanger Asset Management, which sported an overall portfolio valued at $23.1 billion as of March 31, 2012. Founded in 1992, it's now a subsidiary of Ameriprise Financial and manages mutual funds and favors small-cap and mid-cap companies.
Among Columbia Wanger's top five holdings you'll find names including lululemon athletica, Ametek, and Donaldson.
So what does Columbia Wanger's latest quarterly 13F filing tell us? Here are a few interesting details:
New holdings include LED lighting specialist Cree
Among holdings in which Columbia Wanger increased its stake was Florida real estate enterprise St. Joe
Columbia Wanger reduced its stake in lots of companies, including Kodiak Oil & Gas
Finally, Columbia Wanger unloaded several companies, such as Diamond Foods
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 13F forms can be great places to find intriguing candidates for our portfolios.
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