Harris Associates’ Top Stock Picks for 2013 Include Intel
There are a number of ways to use quarterly 13F filings from major investors such as hedge funds in order to improve the investment process. One way is be aggregating these filings and using them to devise large-scale investing strategies. For example, we have found that imitating the most popular small cap stocks among hedge funds can be profitable; in our August newsletter, we listed the most popular names in this category and on average these stocks outperformed the S&P 500 by 18 percentage points between September and January (read more about our hedge fund strategies). We also like to review individual 13Fs, treating them as recommendations from fund managers. If our brief overview of the stock sounds appealing, then an investor can go on to do further research. Read on for our thoughts on Harris Associates’ five largest holdings by market value as of the end of December 2012:
Harris’s top pick was Mastercard Inc (NYSE:MA), reporting a position of 2.6 million shares in the credit card company.
The fund also liked Intel Corporation (NASDAQ:INTC), with almost 59 million shares in its portfolio according to the 13F.