Aon PLC (AON), CVS Caremark Corporation (CVS): LA-Based First Pacific Advisors’ Top Picks

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The fund also holds 3,865,800 shares of Thermo Fisher Scientific Inc. (NYSE:TMO), worth $295.7 million. In the prior quarter the fund reported 3,720,600 shares, worth $237.3 million. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) has a forward P/E of 14.2x and a year-to-date return above 32.6%. In the previous round of 13F filings, 40 hedge funds from our database disclosed ownership in the company.

Final thoughts

First Pacific Advisors has revealed quite a diversified top five in this recent 13F. The hedge fund increased the value of its equity portfolio to $9.2 billion, from $8.3 billion heading into 2013.Continue preparing for 13F-filing season here.

In short, Thermo Fisher Scientific Inc. (NYSE:TMO) and Covidien plc (NYSE:COV) offer value plays in the bioscience/healthcare space, while Microsoft Corporation (NASDAQ:MSFT)’s attractiveness really lies in its ability to continue its momentum in the face of “PC death” fears. Aon PLC (NYSE:AON) and CVS Caremark Corporation (NYSE:CVS) are also solid investments that trade at undervalued multiples; we’d keep our eye on this five over the next quarter.

Disclosure: none

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