10 Stakes Pioneer Investments Keeps Buying
- By Tiziano Frateschi
Pioneer Investment Management operates in wide areas of investment vehicles: Mutual Funds, Single Manager Hedge Funds, Funds of Hedge Funds, Structured Products, Segregated and Managed Accounts, Institutional Funds. In both the first and second quarters the guru bought shares in the following stocks:
Targa Resources Corp. (TRGP)
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The intrinsic value of TRGP
In the first quarter, Pioneer Investments (Trades, Portfolio) increased its stake by 59.71% and by 16.51% in the second quarter. The guru holds 0.04% of outstanding shares of the stock.
Targa Resources is engaged in gathering, compressing, treating, processing and selling natural gas. It is also engaged in storing, fractionating, treating, transporting and selling NGLs and NGL products.
Steven Cohen (Trades, Portfolio) is the largest shareholder among the gurus with 0.57% of outstanding shares followed by T Boone Pickens (Trades, Portfolio) with 0.06%, Pioneer Investments with 0.04%, Ron Baron (Trades, Portfolio) with 0.02% and Paul Tudor Jones (Trades, Portfolio) with 0.02%.
Penumbra Inc. (PEN)
Pioneer Investments increased the holding by 27.9% during the first quarter and by 37.65% in the second quarter. The guru holds 0.35% of outstanding shares of the stock.
Penumbra designs, develops, manufactures and markets medical devices. The products of the company address ischemic stroke, hemorrhagic stroke and vascular conditions that can be treated through thrombectomy and embolization procedures.
Another notable shareholder among the gurus is Cohen with 0.25% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.19% and Chuck Royce (Trades, Portfolio) with 0.03%.
Stanley Black & Decker Inc. (SWK)
In the first quarter, the firm increased its stake by 12.27% and by 63.87% in the second quarter. The guru holds 0.05% of outstanding shares.
Stanley Black & Decker provides hand tools, power tools and accessories, mechanical access solutions, electronic security and monitoring systems, health care solutions, engineered fastening systems and products for various industrial applications.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder among the gurus with 2.36% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 1.12%, John Rogers (Trades, Portfolio) with 0.53%, Jim Simons (Trades, Portfolio) with 0.21%, Joel Greenblatt (Trades, Portfolio) with 0.15% and Jones with 0.02%.
Allstate Corp. (ALL)
The position was increased by 6.54% in the first quarter. In the second quarter, it was increased by 36.49%. The guru holds 0.03% of outstanding shares.
Allstate, through its subsidiaries, is primarily engaged in the property-liability insurance business and the life insurance, retirement and investment products business. It offers its products in the U.S. and Canada.
The largest shareholder among the gurus is David Tepper (Trades, Portfolio) with 0.51% of outstanding shares followed by Pzena with 0.41%, Simons with 0.34%, HOTCHKIS & WILEY with 0.18%, Robert Bruce (Trades, Portfolio) with 0.09%, John Buckingham (Trades, Portfolio) with 0.01% and David Dreman (Trades, Portfolio) with 0.01%.
Planet Fitness Inc. Class A (PLNT)
Pioneer Investments increased its stake by 96.97% during the first quarter and by 7.44% in the second quarter. The guru holds 0.46% of outstanding shares.
Planet Fitness is a franchiser and operator of fitness centers in the U.S. It has more than 8.7 million members and more than 1,200 stores in 47 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic.
Mariko Gordon (Trades, Portfolio) is the largest shareholder among the gurus with 1.54% of outstanding shares followed by Simons with 0.76%, Pioneer Investments with 0.46%, Louis Moore Bacon (Trades, Portfolio) with 0.43% and Jones with 0.03%.
Expedia Inc. (EXPE)
During the first quarter, Pioneer Investments increased its stake by 46.40% and by 15.51% in the second quarter. The guru holds 0.07% of outstanding shares.
Expedia is an online travel company. It offers holiday packages, rental cars and cruises as well as destination services and activities.
The largest shareholder among the gurus is Steve Mandel (Trades, Portfolio) with 1.4% of outstanding shares followed by Spiros Segalas (Trades, Portfolio) with 1.03%, Simons with 0.5%, Cohen with 0.33%, Bacon with 0.22%, Baron with 0.21% and Stanley Druckenmiller (Trades, Portfolio) with 0.13%.
TE Connectivity Ltd. (TEL)
The position was increased by 4.94% in the first quarter and by 45.78% in the second quarter. The guru holds 0.08% of outstanding shares.
TE Connectivity is an electronic component producer. The company manufactures and designs products such as antennas, cable assemblies, fiber optics, sensors, relays and switches that are used in various application.
Dodge & Cox is the largest shareholder among the gurus with 7.74% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 1.61%, Bill Nygren (Trades, Portfolio) with 1.4%, Steven Romick (Trades, Portfolio) with 1.27%, HOTCHKIS & WILEY with 0.69%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.3% and Pzena with 0.21%.
American Homes 4 Rent Class A (AMH)
The firm boosted the holding by 228.27% during the first quarter and by 102.35% in the second quarter. The guru holds 0.36% of outstanding shares.
American Homes 4 Rent is an internally managed real estate investment trust, engaged in acquiring, renovating, leasing and operating single-family homes as rental properties.
The largest shareholder among the gurus is Simons with 1.4% of outstanding shares followed by Manning & Napier Advisors Inc. with 0.1%, Jones with 0.02% and Murray Stahl (Trades, Portfolio) with 0.01%.
Live Nation Entertainment Inc. (LYV)
During the first quarter, Pioneer Investments increased its stake by 66.95% and by 49.46% in the second quarter. The guru holds 0.08% of outstanding shares.
Live Nation Entertainment is a live entertainment company and a producer of live music concerts. It is involved in live music events, venue operations and ticketing services.
Simons is the largest shareholder among the gurus with 1.35% of outstanding shares followed by Stahl with 0.75%, Diamond Hill Capital (Trades, Portfolio) with 0.68%, Mario Gabelli (Trades, Portfolio) with 0.59%, Ken Fisher (Trades, Portfolio) with 0.2% and Tom Gayner (Trades, Portfolio) with 0.18%.
PulteGroup Inc. (PHM)
The stake was boosted by 146.05% in the first quarter and by 9.60% in the second quarter. The guru holds 0.36% of outstanding shares.
PulteGroup is engaged in the homebuilding business. Its business include the acquisition and development of land for residential purposes within the U.S. It is also engaged in mortgage banking operations.
The largest shareholder among the gurus is Paul Singer (Trades, Portfolio) with 1.66% of outstanding shares followed by Simons with 1.3%, Richard Snow (Trades, Portfolio) with 0.17%, Greenblatt with 0.15%, Ken Heebner (Trades, Portfolio) with 0.12%, Arnold Schneider (Trades, Portfolio) with 0.03%, Caxton Associates (Trades, Portfolio) with 0.03%, Jones with 0.02% and Dreman with 0.01%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 2 Warning Signs with TRGP. Click here to check it out.
The intrinsic value of TRGP
