Here’s What Robeco Investment Management Has Been Buying and Selling: Valero Energy Corporation (VLO), Heckmann Corporation (HEK)

Page 1 of 2

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.

Today let’s look at Robeco Investment Management, which is a U.S.-focused subsidiary of major Netherlands-based financial institution Rabobank and which has three primary divisions: Boston Partners (value equity), Sage Capital (multimanager strategies), and Weiss, Peck & Greer (fixed income, equity, and alternatives). It has been in the news a bit lately, with Rabobank trying to sell its investment management business and some suitors, such as Australia’s Macquarie Group, not wanting all of the U.S.-based business.

Valero Energy Corporation (NYSE:VLO)Robeco Investment Management touts its flat management structure and focus on value equity investing. The company’s reportable stock portfolio totaled $27.3 billion in value as of Dec. 31, 2012. Companies rarely get that big without doing some things right.

Interesting developments
So what does Robeco’s latest quarterly 13F filing tell us? Here are a few interesting details:

The biggest new holdings are Valero Energy Corporation (NYSE:VLO) and Express Scripts Holding Company (NASDAQ:ESRX). Other new holdings of interest include Silver Bay Realty Trust Corp (NYSE:SBY), spun off by Two Harbors Investment Corp (NYSE:TWO), a mortgage REIT (real estate investment trust). As a REIT, it’s likely to pay out significant dividends, though it’s still too young to have a dividend track record. The company will focus on single-family homes, profiting from foreclosures. It’s worth watching, especially with a housing recovery seemingly under way.

Among holdings in which Robeco increased its stake was Phillips 66 (NYSE:PSX), the nation’s largest independent oil refiner, spun off from ConocoPhillips (NYSE:COP). Phillips has been taking advantage of cheap crude for its refineries, and has arranged to ship some to a New Jersey facility as well, as it deals with capacity constraints further west. It’s also boosting its production and capacity and recently reported a strong fourth quarter.

Robeco reduced its stake in lots of companies, including Heckmann Corporation (NYSE:HEK) and RF Micro Devices, Inc. (NASDAQ:RFMD). Wastewater treatment and disposal specialist Heckmann is attracting fans in part because of its work serving the controversial fracking industry and its presence in just about every shale field. The company has been unprofitable, but it has been turning that around and recently earned a Wall Street upgrade.

RF Micro (NASDAQ:RFMD) Devices, meanwhile, has not been turning things around quickly, as its free cash flow has been shrinking and its bottom line is in the red. Bulls have found it undervalued and like that it supplies iPhones, but the stock has risen considerably in recent months and is not the bargain it may once have been. Still, it has potential in its Wi-Fi business and smartphone chips, among other things.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!