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Smead Value Fund Continues to Buy Wells Fargo

GuruFocus.com
·3 min read

The Smead Value Fund (Trades, Portfolio), which invests in large capitalization stocks with a value-oriented investment style, bought shares of the following stocks in both the first and second quarters of 2020.


Wells Fargo

The guru raised the Wells Fargo & Co. (WFC) position by 21.57% in the first quarter and then added 11.29% in the second quarter. The stock has a weight of 3.10% in the portfolio.

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The American bank has a market cap of $105.01 billion. Its revenue of $77.42 billion has risen 4.20% over the last five years.

Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway is the largest guru shareholder of the company with 7.88% of outstanding shares, followed by Dodge & Cox with 2.21%, PRIMECAP Management (Trades, Portfolio) with 1.16% and Chris Davis (Trades, Portfolio) with 0.67%.

D.R. Horton

The firm acquired a new position in D.R. Horton Inc. (DHI) in the first quarter and then raised it by 14.11% in the second quarter. The stock has a weight of 2.95% in the portfolio.

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The American homebuilder has a market cap of $24.20 billion. Its revenue of $18.46 billion has risen 15.30% over the last five years.

The company's largest guru shareholder is George Soros (Trades, Portfolio) with 0.65% of outstanding shares, followed by Glenn Greenberg (Trades, Portfolio)'s Brave Warrior Advisors with 0.45% and Ken Heebner (Trades, Portfolio) with 0.31%.

Lennar

The investor increased the Lennar Corp. (LEN) holding by 3.31% in the first quarter and raised it by 1.19% in the second quarter. The stock has a total weight of 5.72% in the portfolio.

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The homebuilder has a market cap of $22.11 billion. Its revenue of $22.62 billion has climbed 16.500% over the last five years.

Barrow, Hanley, Mewhinney & Strauss is the largest guru shareholder of the company with 1.33% of outstanding shares, followed by Greenberg with 0.45% and Ken Fisher (Trades, Portfolio) with 0.43%.

Chevron

In the first quarter, the guru established a new position in Chevron Corp. (CVX), then raised it another 37.19% in the second quarter. The stock has a total weight of 3.35% in the portfolio.

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The integrated energy company has a market cap of $169.97 billion. Its revenue of $135.38 billion has fallen 3.10% over the last five years.

The largest guru shareholder of the company is Fisher with 0.27% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) 0.21% and Barrow, Hanley, Mewhinney & Strauss with 0.20%.

Macerich

The fund bolstered the Macerich Co. (MAC) position by 34.5% in the first quarter and then raised it by 21.92% in the second quarter. The stock has a weight of 1.67% in the portfolio.

The real estate company has a market cap of $1.12 billion. Its revenue of $927.89 billion has fallen at an average annual rate of 3.80% over the last five years.

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Other notable shareholders include Jim Simons (Trades, Portfolio)' Renaissance Technologies with 1.07%, Third Avenue Management (Trades, Portfolio) with 0.25%, Third Avenue Value Fund (Trades, Portfolio) with 0.24% and Pioneer Investments (Trades, Portfolio) with 0.05%.

Disclosure: I do not own any stocks mentioned.

Read more here:

  • 5 Banks Popular Among Gurus

  • 5 Undervalued Stocks With 5-Star Predictability

  • 6 Health Care Stocks Trading With Low Price-Sales Ratios



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This article first appeared on GuruFocus.