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 sports an overall portfolio valued at $20.6 billion as of Dec. 31, 2011. Founded in 1992, it mainly serves other investment companies, as well as pension and profit-sharing plans. A subsidiary of Ameriprise Financial, it manages mutual funds and favors small-cap and mid-cap companies.
Among Columbia Wanger's top five holdings, you'll find such names as lululemon athletica and Alexion Pharmaceuticals.
So what does Columbia Wanger's latest quarterly 13F filing tell us? Here are a few interesting details:
New holdings include Kodiak Oil & Gas
Among holdings in which Columbia Wanger increased its stake was Seattle Genetics
Columbia Wanger reduced its stake in lots of companies, including Diamond Foods
Finally, Columbia Wanger unloaded several companies entirely, including Silver Standard 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. 13F forms can be great places to find intriguing candidates for our portfolios.
If you're interested in more energy companies than just Kodiak Oil & Gas, check out our special free report "3 Stocks for $100 Oil," which will introduce you to three compelling stocks poised to profit from continued high oil prices.
Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Procter & Gamble, but she holds no other position in any company mentioned. Click here to see her holdings and a short bio. The Motley Fool owns shares of lululemon athletica. Motley Fool newsletter services have recommended buying shares of Procter & Gamble and lululemon athletica. The Motley Fool has a disclosure policy.