Boyd Watterson Asset Management showed stability in its investment beliefs during the first quarter as the same companies occupied top spots in its equity portfolio, which is also headed by a number of positions in Exchange Traded Funds, according to its 13F filing. Considering the firm’s long history spanning over 85 years, we decided to take a closer look at these companies, and find out if they could provide a similar stability to portfolios of retail investors.
Our research determined that following the small-cap stocks, that hedge funds are collectively bullish on, can help a smaller investor beat the S&P 500 by around 95 basis points per month (see more details here).
#5 Eaton Corporation, PLC Ordinary Shares (NYSE:ETN)
– Shares Owned by Boyd Watterson (as of March 31): 51,300
– Value of Holding (as of March 31): $3.21 Million
During the first three months of this year Boyd Watterson slightly trimmed its stake in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) by 1%. Although down by about 15% in the last twelve months, the stock price of the $28.8 billion diversified power management company has shot up by 18% year-to-date. The industrials have been having a hard time due to slowing global demand and a strong dollar and Eaton is no exception, but through cost-cutting measures and share-buybacks the management has done well to keep the morale of investors high. For the first quarter of 2016, Eaton Corporation posted EPS $0.88, beating the estimates of $0.85, while its revenue of $4.81 billion topped the estimates of $4.77 billion, despite a challenging market environment. Breton Hill Capital, which is led by Ray Carroll initiated a stake in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) with some 100,900 shares valued at $6.31 million during the first quarter.
#4 JPMorgan Chase & Co. (NYSE:JPM)
– Shares Owned by Boyd Watterson (as of March 31): 55,100
– Value of Holding (as of March 31): $3.26 Million
After a 4% boost during the first trimester, Boyd Watterson’s holding in JPMorgan Chase & Co. (NYSE:JPM) represented 1.58% of its equity portfolio. The first quarter-financial results of the $225 billion financial holding company marked a top line decrease of 3% and EPS falling by almost 7% on a year-over-year basis. Nevertheless, the EPS of $1.35 and revenue of $24.10 billion topped the estimates of $1.26 and $24.78 billion, respectively. Last month, JPMorgan was also one of the five major U.S. banks, whose living will was rejected by the regulatory authorities. Ken Fisher‘s Fisher Asset Management inched up its JPMorgan Chase & Co. (NYSE:JPM) stake by 1% during the January-March period.