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Grantham's Investments of the Last 2 Quarters

- By Tiziano Frateschi

Jeremy Grantham (Trades, Portfolio) is the chairman of the board of Grantham Mayo Van Otterloo, a Boston-based asset management firm. The guru manages a portfolio composed of 499 stocks with a total value of $18.552 billion. In the third and fourth quarters of 2016 the guru bought shares in the following stocks:


Marsh & McLennan Companies Inc. (MMC)

During the third quarter of 2016, the guru increased the position by 123.11% and in the fourth quarter increased it by 2.76%.

The company is a professional services firm providing advice and solutions in the areas of risk, strategy and human capital.

PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 2.15% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.77%, Diamond Hill Capital (Trades, Portfolio) with 0.57%, Andreas Halvorsen (Trades, Portfolio) with 0.33%, Jim Simons (Trades, Portfolio) with 0.19%, Tom Gayner (Trades, Portfolio) with 0.12%, Chris Davis (Trades, Portfolio) with 0.1% and Robert Olstein (Trades, Portfolio) with 0.01%.

Ensco PLC Class A (ESV)

During third quarter of 2016, the investor increased the holding by 42.94% and in the fourth quarter increased it by 35.78%. The guru holds 0.07% of the stock's outstanding shares.

It provides offshore contract drilling services to national and international oil companies. The company operates in U.S. Gulf of Mexico, Mexico, Brazil, the Mediterranean, the North Sea, the Middle East, West Africa, Australia and Southeast Asia.

The largest shareholder among the gurus is Simons with 3.48% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.88%, Steven Cohen (Trades, Portfolio) with 0.54%, Arnold Van Den Berg (Trades, Portfolio) with 0.37% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.

Chesapeake Energy Corp. (CHK)

During the third quarter of 2016, the guru increased the stake by 3.42% and in fourth quarter, increased it by 128.93%. The guru holds 0.04% of the stock's outstanding shares.

It is a natural gas and oil exploration and production company. It explores, develops and acquires properties for the production of natural gas and crude oil from underground reservoirs and also provides marketing and midstream services.

Mason Hawkins (Trades, Portfolio) is the largest shareholder among the gurus with 5.49% of outstanding shares followed by Halvorsen with 2.52%, Barrow, Hanley, Mewhinney & Strauss with 1.5%, John Griffin (Trades, Portfolio) with 1.31%, Caxton Associates (Trades, Portfolio) with 0.74% and Cohen with 0.69%.

Diamond Offshore Drilling Inc. (DO)

During the third quarter of 2016, the investor increased the holding by 3.32% and again by 83.63% in the fourth quarter. The guru holds 0.05% of the stock's outstanding shares.

It is a global offshore oil and gas drilling contractor. Its fleet offers a range of services worldwide in various markets, including the deep water, harsh environment, conventional semisubmersible and jack-up markets.

The largest shareholder among the gurus is Chuck Royce (Trades, Portfolio) with 0.31% of outstanding shares followed by Jones with 0.01%.

Rowan Companies PLC (RDC)

During the third quarter of 2016, the investor increased the position by 3.49% and in the fourth quarter boosted the stake by 94.56%. The guru holds 0.06% of the stock's outstanding shares.

It provides offshore oil and gas contract drilling services utilizing a fleet of 30 self-elevating mobile offshore "jack-up" drilling units and four ultra-deepwater drill ships.

First Pacific Advisors (Trades, Portfolio) is the largest shareholder among the gurus with 1.37% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 0.79%, FPA Capital Fund (Trades, Portfolio) with 0.66%, Joel Greenblatt (Trades, Portfolio) with 0.64%, Mario Gabelli (Trades, Portfolio) with 0.22% and Jones with 0.22%.

WESCO International Inc. (WCC)

During the third quarter, the guru increased the holding by 30.45% and in the fourth quarter by 39.69%. The guru holds 0.48% of the stock's outstanding shares.

It is a provider of electrical, industrial and communications maintenance, repair and operating and original equipment manufacturers products, construction materials and advanced supply chain management and logistics services.

The largest shareholder among the gurus is Cohen with 0.5% of outstanding shares followed by Olstein with 0.3%, Greenblatt with 0.29%, Bernard Horn (Trades, Portfolio) with 0.17%, Caxton Associates with 0.13% and Simons with 0.12%.

Atwood Oceanics Inc. (ATW)

During the third quarter of 2016 the guru increased the holding by 64.53%. In the fourth quarter, he added to his position by 74.45%. The guru holds 0.21% of the stock's outstanding shares.

It is an offshore drilling contractor, engaged in drilling and completion of exploratory and developmental oil and gas wells.

Van Den Berg is the largest shareholder among the gurus with 2.62% of outstanding shares followed by Greenblatt with 0.87% and Royce with 0.31%.

Noble Corp. PLC (NE)

During the third quarter of 2016, the investor increased his holding by 3.45% and in the fourth quarter almost doubled it by 91.65%. The guru holds 0.09% of the stock's outstanding shares.

The company is an offshore drilling contractor for the oil and gas industry. It performs contract drilling services with its fleet of mobile offshore drilling units.

The largest shareholder among the gurus is Donald Smith (Trades, Portfolio) with 1.65% of outstanding shares followed by Ray Dalio (Trades, Portfolio) with 1.54%, Paul Singer (Trades, Portfolio) with 1.1%, Simons with 0.66%, Cohen with 0.44%, Caxton Associates with 0.08% and Jones with 0.01%.

DHX Media Ltd. (DHXM)

During the third quarter of 2016, the guru boosted the position by 735.96% and in the fourth quarter increased it by 0.35%. The guru holds 1.26% of the stock's outstanding shares.

DHX Media develops, produces and distributes films and television programs for the domestic and international markets. It also broadcasts films and television programs for the domestic markets and manages copyrights, licensing and brands for third parties.

British American Tobacco PLC ADR (BTI)

During the third quarter of 2016, the investor increased his stake by 39.78% and in the fourth quarter again added to his stake by 50.97%. The guru holds 0.03% of the stock's outstanding shares.

It is a holding company that owns, directly or indirectly, investments in the numerous companies constituting the British American Tobacco Group of companies. Its brand portfolio includes Dunhill, Kent, Lucky Strike and Pall Mall.

Simons is the largest shareholder among the gurus with 0.16% of outstanding shares followed by Sarah Ketterer (Trades, Portfolio) with 0.14%.

HP Inc. (HPQ)

During the third quarter of 2016 the guru raised his position by 171.48% and in the fourth quarter raised it again by 178.61%. The guru holds 0.09% of the stock's outstanding shares.

HP provides products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses including customers in the government, health and education sectors.

The largest shareholder among the gurus is Dodge & Cox with 8.26% of outstanding shares followed by PRIMECAP Management with 3.65%, Pzena with 0.73%, Greenblatt with 0.16%, First Eagle Investment (Trades, Portfolio) with 0.16%, Donald Yacktman (Trades, Portfolio) with 0.13% and Yacktman Fund (Trades, Portfolio) with 0.12%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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This article first appeared on GuruFocus.