In order to follow the activity of West Coast Asset Management, we should take a look at the top five most valuable picks from its equity portfolio. But before we get started, you should check out our definition of what is a hedge fund
The largest pick
in the 13F portfolio of West Coast Asset Management is Molson Coors Brewing Company (NYSE:TAP),
in which the hedge fund disclosed ownership of 160,530 shares, worth $7.9 million. West Coast reduced the stake by
19,200 shares during the first three months of 2013. The stock of Molson Coors Brewing Company (NYSE:TAP
over 16% since the beginning of the year.
In Kimberly Clark Corp (NYSE:KMB),
West Coast Asset Management reported a $7.2 million stake, which contains 73.045 shares. As of the end of 2012, the hedge fund held a $6.9 million stake, which contained 81,165 shares. Aside from West Coast, over 20 other hedge funds owned shares of Kimberly Clark Corp (NYSE:KMB
) according to the latest round of 13F filings.
The next on the list is Johnson & Johnson (NYSE:JNJ),
represented in Lance Helfert and Paul Orfalea’s hedge fund by 87,086 shares, worth $7.1 million. During the first quarter of 2013, the hedge fund increased the stake by 4%. Johnson & Johnson (NYSE:JNJ
)’s stock posts a year-to-date return of almost 33% and has a trailing P/E above 20.
The third on our list is The Clorox Company (NYSE:CLX).
West Coast owns more than 68,000 shares in The Clorox Company (NYSE:CLX
), the value of the stake amounting to $6 million. The Clorox Company (NYSE:CLX
) moved by two positions up in the equity portfolio of West Coast Asset since the end of 2012, as a result of a 18% increase during the first three months of 2013.
Lastly we should mention the $4.9 million stake held by West Coast Asset Management in Automatic Data Processing (NASDAQ:ADP).
contains 75,370 shares, down by 8,115 shares in comparison with the last quarter of 2012. In addition to West Coast, 29 other hedge funds reported stakes in Automatic Data Processing (NASDAQ:ADP
) at the end of Q1.
On the whole, Lance Helfert, Paul Orfalea and West Coast Asset Management’s 13F portfolio includes 19 companies and its value amounts to almost $60 million. West Coast’s strategy provides, in its own words, a “unique entrepreneurial style [that] brings a business owner’s sense of focus, opportunity and involvement to the art of investing.”