Glenn Greenberg’s Top 4 Buys of the 1st Quarter

Glenn Greenberg (Trades, Portfolio), supervisor of New York-primarily based Brave Warrior Advisors, disclosed past 7 days that his best four buys for the first quarter bundled new stakes in HCA Health care Inc. (NYSE:HCA) and Facebook Inc. (NASDAQ:FB) and situation boosts in Primerica Inc. (NYSE:PRI) and Anthem Inc. (NYSE:ANTM).

Managing a portfolio of 22 shares, Greenberg maintains a really concentrated portfolio that he describes as “defense versus ignorance.” Greenberg believes that the additional organizations a single owns, the much less a single will know about each and every and can guide to investing faults owing to concern and greed.

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Greenberg invests in organizations with little levels of competition and emphasizes the return on invested cash. The $1.seventy four billion equity portfolio had a 23% turnover price all through the quarter, with fifty four.87% excess weight in financial services, 22.37% excess weight in overall health treatment and fifteen.ten% in conversation providers, its best three sectors in phrases of excess weight.

HCA Health care

Greenberg procured 1,381,943 shares of HCA Health care, providing the stake 7.fifteen% excess weight in the equity portfolio. Shares averaged $one hundred thirty.36 all through the first quarter.

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The Nashville, Tennessee-primarily based business operates a network of acute-treatment hospitals in the U.S. GuruFocus ranks the company’s profitability 9 out of ten on the again of constant earnings expansion and earnings margins that are outperforming seventy six.ninety two% of world competition.

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Facebook

Greenberg procured 330,862 shares of Facebook, providing the situation 3.eighteen% excess weight in the equity portfolio. Shares averaged $196.62 all through the first quarter.

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GuruFocus ranks the Menlo Park, California-primarily based social media giant’s financial toughness and profitability 9 out of ten on many beneficial investing signals, which include strong fascination protection, growing functioning margins and a return on belongings that outperforms 87.25% of world competition.

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Gurus with substantial holdings in Facebook include Chase Coleman (Trades, Portfolio)’s Tiger World-wide Administration and Pioneer Investments (Trades, Portfolio).

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Primerica

Greenberg extra 753,467 shares of Primerica, raising the holding a hundred and five.fifty one% and the equity portfolio 3.eighty four%. Shares averaged $a hundred and fifteen.eleven all through the first quarter.

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The Duluth, Ga-primarily based business provides financial services to center-earnings homes in the U.S. and Canada. In accordance to GuruFocus, Primerica’s web margin and return on equity are outperforming over 86% of world competition even though the company’s personal debt ratios are underperforming over ninety two% of world insurance organizations.

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Anthem

Greenberg extra 247,815 shares of Anthem, raising the situation 39.forty eight% and the equity portfolio 3.24%. Shares averaged $273.87 all through the first quarter.

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In accordance to GuruFocus, the Indianapolis-primarily based overall health treatment options business has a four-star predictability rank, suggesting constant earnings and earnings expansion over the previous ten a long time.

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Disclosure: No positions.

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About the creator:

James Li

I am an editorial researcher at GuruFocus. I have a Master’s in Finance from SMU, and