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 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

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

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!