Every quarter, many money managers have to disclose what they’ve bought and sold, via “13F” filings. Their latest moves can shine a bright light on smart stock picks.
Robeco Investment Management touts its flat management structure and focus on value equity investing. The company’s reportable stock portfolio totaled $36.8 billion in value as of March 31.
Interesting developments
So what does Robeco’s latest quarterly 13F filing tell us? Here are a few interesting details.
The biggest new holdings are Liberty Media Corp (NASDAQ:LMCA) and AbbVie Inc (NYSE:ABBV). Other new holdings of interest include Active Network Inc (NYSE:ACTV), which specializes in online registrations for endurance events such as marathons and triathlons. The company recently signed a three-year deal with Ironman, and its most recent quarterly earnings report featured revenue up 12% and shrinking losses. Some have questioned the company’s solvency, while others like its valuation.
Among holdings in which Robeco Investment Management increased its stake were American Capital Agency Corp. (NASDAQ:AGNC) and RF Micro Devices, Inc. (NASDAQ:RFMD). American Capital Agency Corp. (NASDAQ:AGNC) is a mortgage REIT with a tantalizing dividend yield above 16%. The company’s CEO is well respected, but some worry that mortgage REITs may lose a valuable tax advantage.
RF Micro Devices, Inc. (NASDAQ:RFMD), specializing in high-performance radio-frequency technology, enjoyed an analyst upgrade in March, because of its successful diversification away from Nokia Corporation (ADR) (NYSE:NOK) and its profitable growth in Samsung and Apple Inc. (NASDAQ:AAPL) devices. Since then, the stock has hit a 52-week high, and some are hoping that it will do a lot of business in China. Its recently reported fourth quarter featured revenue up 49% over year-ago levels. Still, RF Micro Devices faces serious competition, such as from QUALCOMM, Inc. (NASDAQ:QCOM).
Robeco Investment Management reduced its stake in lots of companies, including Heckmann Corporation (NYSE:HEK), which provides water-related services and chemicals for the growing (but controversial) fracking method of gas extraction. (It handles waste disposal, too, among other things.) Heckmann Corporation (NYSE:HEK) recently posted a disappointing earnings report, but management expects solid organic growth and sees pricing stabilizing.
Finally, Robeco’s biggest closed positions included Starz (NASDAQ:STRZA) and Sirius XM Radio Inc (NASDAQ:SIRI). Sirius XM Radio Inc (NASDAQ:SIRI) did post disappointing earnings recently, but revenue and earnings are still growing at a double-digit rate, so things aren’t that dire. In fact, a strong report from Ford Motor Company (NYSE:F) bodes well for the company, as its radios are embedded in many vehicles, and many are bullish about the company’s new personalized radio service, MySXM. It’s worth noting that while Robeco sold out of Sirius, it added shares of the company’s majority stakeholder, Liberty Media.
The article Here’s What This $37 Billion Money Manager Has Been Buying and Selling originally appeared on Fool.com.
Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Apple, Qualcomm, and Ford. The Motley Fool recommends Apple, Ford, and The Active Network; owns shares of Apple, Ford, Heckmann, and Qualcomm; and has options on Heckmann.
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