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 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.
Kleinheinz Capital's stock portfolio totaled about $1.43 billion in value as of Dec. 31, 2011. Its top three holdings, representing about 28% of the portfolio's overall value, were Apple, Google, and Monsanto.
So what does Kleinheinz Capital's latest quarterly 13F filing tell us? Here are a few interesting details:
New holdings include Level 3 Communications
Among holdings in which Kleinheinz Capital increased its stake were Sirius XM Radio
Hyperdynamics sports a very dynamic stock, which can react strongly to news. It recently plunged more than 25% on news that a well was found to be nearly dry. The folks at Kleinheinz are clearly bullish on the company, but others are skittish about its rising costs and the dilutive effect of additional stock offerings.
Kleinheinz Capital reduced its stake in a lot of companies, including Research In Motion
Finally, Kleinheinz Capital unloaded several companies entirely, such as Chinese search engine specialist Baidu.com
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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.