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.

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

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

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 6 Tax Scams and How to Protect Yourself

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

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!