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.
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.
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.
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.
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.
Gurus with substantial holdings in Facebook include Chase Coleman (Trades, Portfolio)’s Tiger World-wide Administration and Pioneer Investments (Trades, Portfolio).
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.
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.
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.
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.
Disclosure: No positions.
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I am an editorial researcher at GuruFocus. I have a Master’s in Finance from SMU, and I enjoy creating studies on financial trends and trader portfolios. Observe me on Twitter at @JamesLiGuru!
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