BankUnited (BKU), Assured Guaranty Ltd. (AGO), Facebook Inc (FB): How To Invest Like Wilbur Ross

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Wilbur Ross’ Portfolio: What’s He Holding Now?
His current portfolio is still heavily weighted to financial services (73.7%), followed by energy (21.6%), technology (3.6%), exchange-traded funds (ETFs) (0.9%) and health care (0.2%). However, his recent moves seem to imply a shift away from finance and technology and into health care. He has reduced his holdings in Assured Guaranty Ltd. (NYSE:AGO) and BankUnited (NYSE:BKU) and sold out of Facebook Inc (NASDAQ:FB), Zynga Inc (NASDAQ:ZNGA) and Groupon Inc (NASDAQ:GRPN). His most recent buys include LipoScience Inc (NASDAQ:LPDX) and Select Medical Holdings Corporation (NYSE:SEM).

Action to Take –> A lot of Ross’ fundamental strategies make for timeless investing advice: keeping things simple, risks in perspective and emotions in check. However, you can’t invest in distressed companies and not expect some stress along the way. While it doesn’t appear on the list of top public holdings, WL Ross has made large private equity commitments to the international shipping sector. He made a very persuasive argument that while the sector is temporarily distressed, it has long-term potential. An investor wanting to follow Ross’ lead in marine transport might consider The Guggenheim Shipping ETF (NYSEARCA:SEA); a single-stock buy might include the highly rated Kirby Corporation (NYSE:KEX).

– Bristol Voss
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