Greenhaven Associates’ Largest Equity Changes From the Latest 13F

Edgar Wachenheim‘s Greenhaven Associates recently revealed its 13F portfolio allocation for the first quarter of 2014. With approximately 75.00% of its value invested in the Basic Materials and Services Sectors, the fund’s equity portfolio is now worth $4.87 billion, up 2.00% from the previous quarter. Greenhaven has generally preserved the total number of shares owned in its largest positions, although the value of those shares has somewhat changed. Baker Hughes Incorporated (NYSE:BHI), in which the fund holds around 9.40 million shares worth $611.41 million, represents the largest share (12.54%) in the fund’s equity portfolio. The two other top value positions are held by FedEx Corporation (NYSE:FDX), of which Greenhaven Associates owns 4.52 million shares worth nearly $600.00 million, and by Lowe’s Companies, Inc. (NYSE:LOW), of which it owns 11.25 million shares worth $550.00 million.

Baker Hughes Incorporated (NYSE:BHI)

Initiating two new positions and increasing its stakes in ten other, Greenhaven Associates’ has reported a significant new stake of 3.56 million shares with a total value of almost $350.00 million in Schlumberger Limited. (NYSE:SLB), a supplier of technology, information, and integrated project management solutions. Trading at a P/E ratio of 18.75, Schlumberger’s stock is expected to hit $117.53 per share compared to its current price of $101.38 apiece.

Edgar Wachenheim significantly increased the fund’s position in Superior Energy Services, Inc. (NYSE:SPN), a worldwide company that provides oilfield services and equipment. Greenhaven currently owns almost 4.50 million shares of the company, the position worth $137.89 million, up from the previously owned 3.68 million shares worth $98.12 million. Currently trading at around $33.00 per share, the mid cap oil and gas developer’s stock has gained nearly 40.00% in the past 3 months. In 2013, the company generated losses of $0.77 per share, while this year it is expected to produce profits of up to a high $1.85 per share. On average, analysts strongly suggest that investors buy the company’s stock.

Greenhaven Associates also upped its holdings of United Parcel Service, Inc. (NYSE:UPS) to 4.67 million shares, up from the previously held 4.27 million. The value of the position remained roughly unchanged, currently at $455.00 million, up slightly more than 1.00% from the previous quarter. A package delivery company, United Parcel Service currently enjoys positive market opinion about its prospects. Providing a mean analyst recommendation of ‘Overweight,’ analysts estimate earnings of $5.11 per share in 2014, compared to the $4.57 per share generated last year, and provide an average target price of nearly $110.00 per share, compared to the current price of $98.76. Highfields Capital Management, a fund led by Jonathon Jacobson, currently holds around 2.93 million shares in United Parcel Service, Inc. (NYSE:UPS).

Finally, Greenhaven Associates boosted their stake in Owens Corning (NYSE:OC). Owens Corning is a global company engaged in the production of glass-fiber reinforcements, residential and commercial building materials, and engineered materials for composite systems. The fund’s position in the company now amounts to 1.15 million shares worth almost $50.00 million. Last year, Owens reported EPS of $1.86, a number that is 12.35% higher than what analysts had predicted. Expected to generate $2.38 profits per share in 2014, the company trades at a P/E ratio of 16.34, compared to the average of 24.45 for the General Building Materials Industry.

Disclosure: none

Recommended reading:

BHR Capital Reports Increased Position in Hornbeck Offshore Services, Inc.(HOS)

MHR Fund Management Increased its Stake in Titan International Inc (TWI)

Blue Harbour Group is Bullish on Babcock & Wilcox Co (BWC) and Reports a 6.0% Stake

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!