The Boeing Company (BA), Pfizer Inc. (PFE), The Procter & Gamble Company (PG): Matthew Tewksbury’s Top 3 Picks For the Second Quarter

Matthew Tewksbury’s Stevens Capital Management recently disclosed, with the SEC, its long equity positions for the second quarter of 2014. The fund’s highly diversified equity portfolio had, as of June 30 2014, a market value of more than $3.72 billion. Over the quarter, Stevens Capital started 511 new stock positions, increased its stakes in 264 of its preexisting holdings, and sold out of 522 of them. In this article, we will take a look at the fund’s top 3 positions, in order to find out if any of them stand as attractive investment options.

All of the top five positions in Mr. Tewksbury’s list changed over the second quarter. The largest position for the first quarter, Verizon Communications Inc. (NYSE:VZ), was displaced to the 57th spot in his list, after a 63% reduction in his holdings. The telecom giant was replaced by an aerospace titan: The Boeing Company (NYSE:BA). This $86.6 billion market cap company saw Stevens Capital increase its stake by 33% over the second quarter. The fund now owns 373,499 shares of The Boeing Company (NYSE:BA), worth more than $47.5 million.

The Boeing Company (NYSE:BA)

Another major hedge fund that boosted its exposure to The Boeing Company (NYSE:BA) over the second quarter is Michael Messner’s Seminole Capital (Investment Mgmt). The fund added 4% to its holdings and now owns 555,307 shares of the company.

Second on this list is a newcomer: Pfizer Inc. (NYSE:PFE), a $179 billion market cap research-based biopharmaceutical company. Over the second quarter, Stevens Capital acquired almost $45 million in stock, or 1.51 million shares.

Going forward, Pfizer Inc. (NYSE:PFE) seems well positioned to outperform its peers. A solid, industry-leading pipeline, and an internal restructuring are some of the main growth drivers. In addition, a 3.7% dividend yield makes the investment even more attractive, especially since analysts expect the payout ratio to increase over the next few years.

Ken Fisher’s Fisher Asset Management is placing an even larger bet on Pfizer Inc. (NYSE:PFE). This fund, which is the largest hedge fund shareholder of record (amongst those we track), disclosed a 4% increase in its exposure to the company over the second quarter. Fisher now owns 31.48 million shares of the biopharmaceutical company, with a market value of more than $934 million.

The Procter & Gamble Company (NYSE:PG) escalated from the sixth, to the third spot in this list. This $220.7 billion market cap branded consumer packaged goods provider felt Stevens Capital’s bullishness over the quarter; the fund upped its stake by 17%, to 568,786. The position at The Procter & Gamble Company (NYSE:PG) is worth roughly $44.7 million, and accounts for 1.2% of the fund’s equity portfolio’s total market value.

Donald Yacktman is also long The Procter & Gamble Company (NYSE:PG). His fund disclosed ownership of 28.19 million shares of the company as of June 30, 2014, following a 6% increase in its position. Warren Buffett holds an even larger stake in the company, as his fund last declared holding 52.79 million shares of the company – as of March 31.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

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!