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Microsoft, Cisco, Apple Among Tom Gayner's Recent Investments

- By Tiziano Frateschi

Tom Gayner (Trades, Portfolio) manages a portfolio composed of 133 stocks with a total value of $4.149 billion. In the third and fourth quarters of 2016 the guru bought shares in the following stocks:


Heico Corp. Class A (HEI.A)

During the third quarter of 2016, the guru boosted the position by 837.50% and in the fourth quarter increased it by 32%. The guru holds 0.07% of the stock's outstanding shares.

Heico through its subsidiaries is engaged in manufacturing electronic equipment for the aviation, defense, space, industrial, medical, telecommunications and electronics industries throughout the U.S. and internationally. Fourth quarter net income of $44.3 million, or 65 cents per diluted share, increased 16% from $38.3 million, or 56 cents per diluted share, in the fourth quarter of 2015. The company reported 11% growth for net sales and operating income increased 10%.

RS Investment Management (Trades, Portfolio) is the largest shareholder among the gurus with 2.14% of outstanding shares followed by Columbia Wanger (Trades, Portfolio) with 1.6%, Chuck Royce (Trades, Portfolio) with 1.01%, Jim Simons (Trades, Portfolio) with 0.61% and Murray Stahl (Trades, Portfolio) with 0.01%.

Stericycle Inc. (SRCL)

During third quarter of 2016, the investor increased the stake by 342.86%. In the fourth quarter, he again added to his position by 141.94%. The guru holds 0.09% of the stock's outstanding shares.

Stericycle is engaged in providing regulated and compliance solutions to health care and commercial businesses. This includes the collection and processing of specialized waste for disposal and a variety of training and consulting. Fourth-quarter revenues grew 2.0% from the same quarter of a year before, but GAAP gross profit decreased 1.8% and GAAP earnings per diluted share (EPS) decreased 82.4%.

The largest shareholder among the gurus is Simons with 1.47% of outstanding shares followed by Robert Olstein (Trades, Portfolio) with 0.13% and David Carlson (Trades, Portfolio) with 0.05%.

Comcast Corp. Class A (CMCSA)

During the third quarter of 2016, the investor increased the holding by 114.24% and again by 721.33% in the fourth quarter.

It is a media and technology company. Its business segments are: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. Consolidated revenue increased 9.2% in the fourth quarter, and operating income grew 6.6% from the same quarter of a year before. The company reported 20.3% for earnings per shares (EPS).

Dodge & Cox is the largest shareholder among the gurus with 1.62% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.94%, Ken Fisher (Trades, Portfolio) with 0.53%, HOTCHKIS & WILEY with 0.18%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.16%, Diamond Hill Capital (Trades, Portfolio) with 0.16%, Tom Russo (Trades, Portfolio) with 0.15%, Bill Nygren (Trades, Portfolio) with 0.12% and Chase Coleman (Trades, Portfolio) with 0.11%.

Live Nation Entertainment Inc. (LYV)

During the third quarter, the investor increased the position by 408.96% and in the fourth quarter added another 44.03%. The guru holds 0.13% of the stock's outstanding shares.

Live Nation Entertainment is a live entertainment company and a producer of live music concerts. It operates in five industries within the live entertainment business including live music events, venue operations and ticketing services.

The largest shareholder among the gurus is Simons with 1.5% of outstanding shares followed by Diamond Hill Capital with 0.76%, Mario Gabelli (Trades, Portfolio) with 0.46%, Pioneer Investments (Trades, Portfolio) with 0.12%, Joel Greenblatt (Trades, Portfolio) with 0.06%, Mariko Gordon (Trades, Portfolio) with 0.06% and Paul Tudor Jones (Trades, Portfolio) with 0.02%.

Facebook Inc. Class A (FB)

During the third quarter, the investor increased the holding by 68.85% and in the fourth quarter by 23.30%.

The company operates a social networking website. Its products are Facebook, Instagram, Messenger, WhatsApp and Oculus. Its products enable people to connect and share through mobile devices and personal computers. Fourth quarter operating margin was 52% compared to 44% in the same quarter of a year before, and diluted EPS was $1.21 compared to 54 cents in the fourth quarter of 2015.

Andreas Halvorsen (Trades, Portfolio) is the largest shareholder among the gurus with 0.66% of outstanding shares followed by Frank Sands (Trades, Portfolio) with 0.58%, Spiros Segalas (Trades, Portfolio) with 0.32%, Steve Mandel (Trades, Portfolio) with 0.21%, Lee Ainslie (Trades, Portfolio) with 0.13%, Manning & Napier Advisors Inc. with 0.13%, Daniel Loeb (Trades, Portfolio) with 0.12% and John Griffin (Trades, Portfolio) with 0.12%.

Boeing Co. (BA)

During the third quarter of 2016 the guru increased the holding by 140.48%. In the fourth quarter, he added to his position by 29.70%. The guru holds 0.01% of the stock's outstanding shares.

Boeing together with its subsidiaries designs, develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. During the fourth quarter revenues grew 1% year over year, GAAP net earnings increased 59%, and GAAP earnings per shares increased 72%.

The largest shareholder among the gurus is T Rowe Price Equity Income Fund with 0.51% of outstanding shares followed by Segalas with 0.5%, HOTCHKIS & WILEY with 0.26%, PRIMECAP Management (Trades, Portfolio) with 0.17%, Greenblatt with 0.08%, Simons with 0.06%, Fisher with 0.05% and Gabelli with 0.02%.

Apple Inc. (AAPL)

During the third quarter of 2016 the investor increased the position by 69.25% and in the fourth quarter increased it by 19.64%.

The company designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, accessories, networking solutions and third-party digital content. First-quarter revenue was $78.4 billion on earnings per diluted share of $3.36 compared to revenue of $75.9 billion and earnings per diluted share of $3.28 in the year-ago quarter.

The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 1.09% of outstanding shares followed by Fisher with 0.22%, Segalas with 0.21%, Pioneer Investments with 0.18%, David Einhorn (Trades, Portfolio) with 0.11%, Jeremy Grantham (Trades, Portfolio) with 0.1% and David Rolfe (Trades, Portfolio) with 0.07%.

Cisco Systems Inc. (CSCO)

During the third quarter of 2016, the guru increased the position by 37.95% and in the fourth quarter increased it by 14.87%. The guru holds 0.01% of the stock's outstanding shares.

The company is engaged in designing, manufacturing and selling of Internet Protocol (IP) based networking products and services related to the communications and information technology (IT) industry. Second quarter GAAP net income decreased 25% year over year, and GAAP diluted earnings per share, EPS declined 24% from the same quarter of a year before.

Dodge & Cox is the largest shareholder among the gurus with 1.29% of outstanding shares followed by PRIMECAP Management with 0.54%, Donald Yacktman (Trades, Portfolio) with 0.5%, Grantham with 0.35%, Fisher with 0.31%, Steven Romick (Trades, Portfolio) with 0.31%, First Pacific Advisors (Trades, Portfolio) with 0.3%, Yacktman Fund (Trades, Portfolio) with 0.3% and Tweedy Browne (Trades, Portfolio) with 0.23%.

Microsoft Corp. (MSFT)

During the third quarter of 2016 the investor increased his holding by 20% and in the fourth quarter, increased it by 7.81%.

The company is engaged in designing, manufacturing, selling devices and online advertising. Its products include operating systems for computing devices, servers, phones and other devices.

The largest shareholder among the gurus is PRIMECAP Management with 0.69% of outstanding shares followed by Dodge & Cox with 0.55%, Jeff Ubben (Trades, Portfolio) with 0.5%, First Eagle Investment with 0.31%, Halvorsen with 0.28%, Barrow, Hanley, Mewhinney & Strauss with 0.24%, Fisher with 0.24%, Pioneer Investments with 0.21% and Mandel with 0.2%.

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

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This article first appeared on GuruFocus.