Latest news with #InvestmentPhilosophy
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4 days ago
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Bruce Berkowitz's Strategic Moves: Bank OZK Takes Center Stage with 1.09% Portfolio Impact
Exploring the Investment Philosophy of Bruce Berkowitz (Trades, Portfolio) Warning! GuruFocus has detected 5 Warning Signs with JOE. Bruce Berkowitz (Trades, Portfolio) recently submitted the N-PORT filing for the second quarter of 2025, providing insights into his investment moves during this period. Bruce Berkowitz (Trades, Portfolio) is the founder and the Managing Member of the Fairholme Fund (Trades, Portfolio). Prior to forming Fairholme Capital Management, Mr. Berkowitz was a Managing Director of Smith Barney, Inc. from December of 1993 to October of 1997. Bruce Berkowitz (Trades, Portfolio) concentrates his investments in a relatively small number of companies. He thinks that the more diversified the portfolio, the more likely the performance will be average. He likes companies with great managers, and deeply undervalued stocks. Benjamin Graham's "The Intelligent Investor" serves as the inspiration for Berkowitz' investment strategy. He focuses investments on companies that have exceptional management, that generate free cash, and that are cheaply priced. Berkowitz will also invest in mediocre companies that are trading at a significant discount to intrinsic value where there exists a catalyst event that makes it likely the gap between market price and intrinsic value will narrow in a reasonable amount of time. Key Position Increases Bruce Berkowitz (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them: The most notable increase was Bank OZK (NASDAQ:OZK), with an additional 285,150 shares, bringing the total to 916,752 shares. This adjustment represents a significant 45.15% increase in share count, a 1.09% impact on the current portfolio, and a total value of $43,142,360. The second largest increase was Occidental Petroleum Corp (NYSE:OXY), with an additional 14,800 shares, bringing the total to 69,100. This adjustment represents a significant 27.26% increase in share count, with a total value of $2,902,890. Key Position Reductions Bruce Berkowitz (Trades, Portfolio) also reduced positions in 2 stocks. The most significant changes include: Reduced Berkshire Hathaway Inc (NYSE:BRK.B) by 120 shares, resulting in a -0.25% decrease in shares and a -0.01% impact on the portfolio. The stock traded at an average price of $508.26 during the quarter and has returned -4.80% over the past 3 months and 5.72% year-to-date. Reduced The St. Joe Co (NYSE:JOE) by 2,700 shares, resulting in a -0.01% reduction in shares and a -0.01% impact on the portfolio. The stock traded at an average price of $44.75 during the quarter and has returned 12.38% over the past 3 months and 13.55% year-to-date. Portfolio Overview At the second quarter of 2025, Bruce Berkowitz (Trades, Portfolio)'s portfolio included 12 stocks. The top holdings included 78.54% in The St. Joe Co (NYSE:JOE), 13.77% in Enterprise Products Partners LP (NYSE:EPD), 3.52% in Bank OZK (NASDAQ:OZK), 1.92% in Berkshire Hathaway Inc (NYSE:BRK.B), and 1.57% in WR Berkley Corp (NYSE:WRB). The holdings are mainly concentrated in 4 of all the 11 industries: Real Estate, Energy, Financial Services, and Technology. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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4 days ago
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Ruane Cunniff's Strategic Moves: MSA Safety Inc. Takes Center Stage with 2.74% Portfolio Impact
Exploring the Investment Philosophy and Recent Portfolio Adjustments Introduction to Ruane Cunniff (Trades, Portfolio) Warning! GuruFocus has detected 7 Warning Signs with SCHW. Ruane Cunniff (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into their investment moves during this period. Founded in 1969 by Bill Ruane and Rick Cunniff, the firm operates on the belief that investing in great businesses at reasonable prices can outperform the stock market. By conducting exhaustive primary research and adhering to their principles, Ruane Cunniff (Trades, Portfolio) has built an impressive track record. William Ruane, a Graham-and-Doddsville superinvestor, was recognized by Warren Buffett (Trades, Portfolio) and was a student of Benjamin Graham. The firm focuses on owning quality businesses run by quality people, aiming for long-term growth and value. Their strategy is rooted in paying attractive prices for high-quality, fast-growing businesses, with the goal of achieving higher returns than the S&P 500 Index with less fundamental risk. Summary of New Buy Ruane Cunniff (Trades, Portfolio) added a total of six stocks to their portfolio, with the most significant addition being MSA Safety Inc. (NYSE:MSA). The firm acquired 949,067 shares, which account for 2.74% of the portfolio, with a total value of $158.997 million. The second largest addition was Bio-Techne Corp (NASDAQ:TECH), consisting of 152,417 shares, representing approximately 0.14% of the portfolio, with a total value of $7,841,860. The third largest addition was Dollar General Corp (NYSE:DG), with 2,144 shares, accounting for a total value of $245,230. Key Position Increases Ruane Cunniff (Trades, Portfolio) also increased stakes in a total of seven stocks. The most notable increase was in Icon PLC (NASDAQ:ICLR), with an additional 453,833 shares, bringing the total to 1,708,183 shares. This adjustment represents a significant 36.18% increase in share count, a 1.14% impact on the current portfolio, and a total value of $248,455,220. The second largest increase was in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), with an additional 51,388 shares, bringing the total to 1,917,681. This adjustment represents a 2.75% increase in share count, with a total value of $434,335,570. Summary of Sold Out Ruane Cunniff (Trades, Portfolio) completely exited one holding in the second quarter of 2025: Builders FirstSource Inc (NYSE:BLDR). The firm sold all 4,700 shares, resulting in a -0.01% impact on the portfolio. Key Position Reduces Ruane Cunniff (Trades, Portfolio) also reduced positions in 17 stocks. The most significant changes include a reduction in Meta Platforms Inc (NASDAQ:META) by 113,414 shares, resulting in a -22.2% decrease in shares and a -1.19% impact on the portfolio. The stock traded at an average price of $617.26 during the quarter and has returned 19.31% over the past three months and 34.48% year-to-date. Additionally, the firm reduced its position in Liberty Broadband Corp (NASDAQ:LBRDK) by 494,166 shares, resulting in a -20.73% reduction in shares and a -0.76% impact on the portfolio. The stock traded at an average price of $83.86 during the quarter and has returned -33.63% over the past three months and -14.65% year-to-date. Portfolio Overview As of the second quarter of 2025, Ruane Cunniff (Trades, Portfolio)'s portfolio included 44 stocks. The top holdings included 10.37% in Charles Schwab Corp (NYSE:SCHW), 10.1% in Liberty Media Corp (NASDAQ:FWONK), 8.75% in Intercontinental Exchange Inc (NYSE:ICE), 7.76% in Capital One Financial Corp (NYSE:COF), and 7.48% in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM). The holdings are mainly concentrated in six of the 11 industries: Financial Services, Communication Services, Healthcare, Technology, Industrials, and Consumer Cyclical. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
