Bennett Lawrence Management’s Top Stock Picks

Bennett Lawrence Management is a long/short hedge fund founded by Van Schreiber in 1995. The fund’s strategy focuses on long-term investments in small and mid-cap stocks. On the short side, Bennett Lawrence Management focuses on growth stocks with deteriorating prospects. The fund’s portfolio consists of 139 positions with a value of $617 million. Let’s take a look at the fund’s top three positions.


Brunswick Corporation(NYSE:BC)   

The first one is Brunswick Corporation(NYSE:BC), which is the largest position in Bennett Lawrence’s 13F for the last quarter of 2013. The fund reported ownership of 534,800 shares of the $3.77 billion market cap company. The fund increased its position in Brunswick by 15,800 shares versus the previous quarter. The stock trades at 34 times of its earnings of $1.21 per share. The firm estimates $2.50 EPS for 2014, the stock trailing a forward P/E of 16.

Phill Gross and Robert Atchinson’s Adage Capital Management owns the most shares of Brunswick Corporation (NYSE:BC) among more than 300 hedge funds we track. The fund owns 2.2 million shares with a value of $92 million. Adage Capital increased its position in the firm to 2.2 million shares from 0.5 million shares in the third quarter of 2013. Mariko Gordon’s Daruma Asset Management owns the second largest chunk of shares. Gordon owns 2.03 million shares, a slight decrease by 0.1 million shares in the position from a quarter earlier. Brunswick Corporation (NYSE:BC) experienced no insider purchases in 2013. However, insiders sold 1.6 million shares at an average price of $40 per share.

Brunswick Corporation (NYSE:BC) focuses on boats, fitness equipment, bowling equipment, and other recreational products. The firm designs, manufactures, and markets its products worldwide. The firm was founded in 1845 and is headquartered in Lake Forest, Illinois.

Sunedison Inc (NYSE:SUNE)

Sunedison Inc (NYSE:SUNE) represents the second biggest position in Bennett Lawrence’s equity portfolio. The fund owns 1.8 million shares of the company, with a dollar value of $24 million. The fund increased its position in Sunedison Inc (NYSE:SUNE) by some 560,000 shares over the quarter. The stock’s last reported EPS is -$1.37 per share, with a forward P/E ratio of 26. The firm is expected to earn $0.53 per share in 2014.

Sunedison Inc (NYSE:SUNE) is a technology company operating in semiconductor and integrated circuits industries. The company offers prime polished wafers and annealed products in the semiconductor industry. The firm’s Solar Energy Segment provides solar energy services that include designing, installation, financing, monitoring, operation, and maintenance.  The firm was founded in 1984 and headquartered in St. Peters, Missouri.

Deckers Outdoor Corp (NASDAQ:DECK)

Deckers Outdoor Corp (NASDAQ:DECK) represents the third biggest position Bennett Lawrence holds, in terms of value. The fund owns 261.100 shares of the company, worth $22.1 million. The fund initiated the stake in Deckers Outdoor Corp (NASDAQ:DECK) in the last quarter of 2013. The stock trades at 26 times of its earnings of $2.95 per share. The firm is expected to generate a $4.95 EPS, with a forward P/E of 16 in 2014.

Chuck Royce’s Royce & Associates has the most shares of Deckers Outdoor Corp (NASDAQ:DECK) among the more than 300 hedge funds we track. The fund owns 931,500 shares of the company, with a last reported value of $61 million. The fund decreased its position in the company by 184,200 shares in the third quarter of 2013. John Thiessen’s Vertex One Asset Management owns the second largest chunk of shares. Thiessen owns 912,200 shares of the company in the equity portfolio. The fund decreased its position by 203,000 in the third quarter of 2013. Patrick Mccormack’s Tiger Consumer Management owns 0.8 million shares of the company. Mccromack decreased his position in the company by almost 50% in the third quarter of 2013. The company had no insider purchases since 2012. On the other hand, insiders sold 68,000 and 16,000 shares in 2013 and 2014 respectively.

Deckers Outdoor Corp (NASDAQ:DECK) operates in the consumer goods sector. The firm designs, manufactures, and markets footwear and accessories for outdoor activities and casual lifestyle use for men, women, and children in the United States and internationally. The firm sells its products under UGG, TSUBO, MOZO, Teva, Sanuk, Ahnu, and Hoka One One brand names. Deck was founded in 1973 and is headquartered in Goleta, California.

Disclosure: none

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