The fund initiated a holding in Procter & Gamble Co (NYSE:PG) a Cincinnati, Ohio-headquartered multi-national consumer goods corporation by buying 379,000 shares for $34.55 million. This purchase is not a big surprise, knowing that Kambi, a provider of sports betting solutions once was a part of the fund’s portfolio. When it comes to its stock price, over the past year, some minor fluctuations have been recorded. Nevertheless, the price raised by 8.88, trading at $99.33, at price-to-earnings (PE) ratio of 24.15 (on February 21st). In addition, it has a market cap of $248.48 billion.
The other new addition to the Bodenholm Capital’s 13F portfolio during the fourth quarter of 2018 was a position in Colgate Palmolive Co (NYSE:CL), a company serving people all over the world with consumer products with an emphasis on the production, distribution and provision of household, health care and personal care products. As of December 31th, 2018, this holding occupies 13.2% of the fund’s portfolio after it acquired 462,000 of the company’s shares valued $27.54 million. Over the course of 2018, the Colgate-Palmolive’s stock price has decreased by nearly 20% and is now trading at $66.67 at a P/E ratio of 24.26.
The fund decided to boost its stake in shares of Oracle Corp (NYSE:ORCL), by 11% to 895,300 shares worth $40.12, that way making it the largest holding that occupies 19.24% of its portfolio. A Redwood Shores, California-headquartered multinational computer technology corporation was the only holding which the fund decided to increase during the last quarter of 2018. And while over the past 6 months the stocks’ price increased by 6.81%, trading at $52.25 on February 21st, it’s left to be seen what are the consequences of Berkshire Hathaway Inc (BRKA) dissolving its stake in the company last Thursday.
Meanwhile, when it comes to the companies in which the fund started to lose faith during Q4 2018, there is a position in Black Knight Inc. (NYSE:BKI), in which it trimmed its stake by 27% to 874,138 shares valued $39.19 million. Furthermore, in Danaher Corp (NYSE:DHR) and Perspecta Inc. (NYSE:PRSP) the fund lowered its position in shares by 6% in both companies. As of December 31st, Bodenholm Capital holds 353,244 shares of Danaher Corp (NYSE:DHR) worth $35.97 million and 1,907,128 shares of Perspecta Inc. (NYSE:PRSP) bought for $31.14 million.
Bodenholm Capital decided to dump positions in five companies during the fourth quarter of 2018, as we already mentioned. The two largest positions the fund decided to say goodbye to were in Kohl’s Corp. (NYSE:KSS) and Lamb Weston Holdings Inc (NYSE:LW) whose 124,000 and 283,300 shares the fund completely sold.
Disclosure: None
This article was originally published at Insider Monkey.