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Jerome Dodson Keeps Buying McKesson, Axalta, Pentair

- By Tiziano Frateschi

Jerome Dodson (Trades, Portfolio) is the founder and president of Parnassus Investments. He is the lead portfolio manager of the Parnassus Fund and the Parnassus Asia Fund and is the sole portfolio manager of the Parnassus Endeavor Fund. In both first quarter 2017 and fourth quarter 2016 the guru bought shares in the following stocks:


McKesson Corp. (MCK)

During the fourth quarter, the guru increased his position by 197.50%. In the first quarter, he increased the holding by 41.18%. The guru holds 0.08% of the company's outstanding shares.

McKesson distributes pharmaceuticals, medical supplies and health care information technology that make health care safer while reducing costs. Its segments include McKesson Distribution Solutions and McKesson Technology Solutions.

Vanguard Health Care Fund (Trades, Portfolio) is the largest shareholder among the gurus with 3.88% of outstanding shares followed by Charles Brandes (Trades, Portfolio) with 0.49%, Seth Klarman (Trades, Portfolio) with 0.47%, Larry Robbins (Trades, Portfolio) with 0.32%, Jana Partners (Trades, Portfolio) with 0.18%, Joel Greenblatt (Trades, Portfolio) with 0.13%, David Tepper (Trades, Portfolio) with 0.13%, Richard Pzena (Trades, Portfolio) with 0.09% and Dodson with 0.08%.

Axalta Coating Systems Ltd. (AXTA)

During the fourth quarter, the investor increased the stake by 30.00% and in the first quarter of 2017 increased it by 23.08%. The guru holds 0.33% of the company's outstanding shares.

Axalta Coating Systems is a manufacturer, marketer and distributor of performance coatings systems. The company's products include electrocoat, primer, basecoat and clearcoat.

The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 9.66% of outstanding shares followed by Diamond Hill Capital (Trades, Portfolio) with 4.18%, Barrow, Hanley, Mewhinney & Strauss with 2.44%, Lou Simpson (Trades, Portfolio) with 2.26%, Glenn Greenberg (Trades, Portfolio) with 1.84%, Chris Davis (Trades, Portfolio) with 1.62% and First Eagle Investment (Trades, Portfolio) with 0.93%.

Pentair PLC (PNR)

During the fourth quarter, the guru increased the holding by 19.11% and again by 1.10% in first quarter of 2017. The guru holds 0.25% of the company's outstanding shares.

Pentair is a diversified industrial manufacturing company. Its business segments are Valves & Controls, Flow & Filtration Solutions, Water Quality Systems and Technical Solutions.

Mairs and Power (Trades, Portfolio) is the largest shareholder among the gurus with 1.46% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 1.22%, PRIMECAP Management (Trades, Portfolio) with 0.95%, Jim Simons (Trades, Portfolio) with 0.36%, Greenblatt with 0.16% and Steven Cohen (Trades, Portfolio) with 0.1%.

Patterson Companies Inc. (PDCO)

During the fourth quarter, the guru increased his position by 20.68% and again added to his position by 23.27% in the first quarter. The guru holds 0.67% of the company's outstanding shares.

Patterson Companies is a distributor of dental products in North America. The company operates in three business segments: dental supply, veterinary supply and rehabilitation supply.

The largest shareholder among the gurus is Mairs and Power with 2.38% of outstanding shares followed by Mario Gabelli (Trades, Portfolio) with 1.47%, Cohen with 0.38%, Robert Olstein (Trades, Portfolio) with 0.36%, Tom Gayner (Trades, Portfolio) with 0.17%, Third Avenue Management (Trades, Portfolio) with 0.08% and First Pacific Advisors (Trades, Portfolio) with 0.05%.

Progressive Corp. (PGR)

The guru increased his position by 60% in the fourth quarter and by 6.25% during the first quarter. The guru holds 0.15% of the company's outstanding shares.

Progressive is an insurance holding company whose subsidiaries provide personal and commercial automobile insurance and other property-casualty insurance and related services throughout the U.S.

PRIMECAP Management is the largest shareholder among the gurus with 1.66% of outstanding shares followed by Diamond Hill Capital with 0.85%, RS Investment Management (Trades, Portfolio) with 0.79%, Simons with 0.47%, Andreas Halvorsen (Trades, Portfolio) with 0.3%, John Rogers (Trades, Portfolio) with 0.29%, Pzena with 0.09%, Cohen with 0.05% and Ken Fisher (Trades, Portfolio) with 0.03%.

Gilead Sciences Inc. (GILD)

During the fourth quarter, the investor increased his holding by 40% and in the first quarter of 2017 increased it again by 22.65%. The guru holds 0.05% of the company's outstanding shares.

Gilead Sciences is a research-based biopharmaceutical company that discovers, develops and commercializes new medicines for different medical sectors.

The largest shareholder among the gurus is Simons with 0.4% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.21%, T Rowe Price Equity Income Fund with 0.2%, Rogers with 0.12%, Greenblatt with 0.08%, Jeremy Grantham (Trades, Portfolio) with 0.07%, David Carlson (Trades, Portfolio) with 0.06% and Dodson with 0.05%.

Allergan PLC (AGN)

During the fourth quarter, the guru increased his position by 62.68% and again by 4.12% in the first quarter of 2017. The guru holds 4.74% of the company's outstanding shares.

Allergan is a specialty pharmaceutical company. The company is engaged in developing, manufacturing and distributing generic, brand and biosimilar products.

Vanguard Health Care Fund is the largest shareholder among the gurus with 3.77% of outstanding shares followed by Tepper with 1.27%, John Paulson (Trades, Portfolio) with 1.06%, Klarman with 1.02%, Paul Singer (Trades, Portfolio) with 0.82%, John Griffin (Trades, Portfolio) with 0.46%, Spiros Segalas (Trades, Portfolio) with 0.45% and Pioneer Investments with 0.37%.

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

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This article first appeared on GuruFocus.