On the 45th day of every quarter, fund managers and institutions must file their 13Fs. For anyone managing over $100 million in assets, this list of holdings (for the past quarter) gets published on the SEC’s website. Another great resource for monitoring the portfolio’s of super-investors is GuruFocus.
Below is a list of 5 stocks that were added in the last quarter to the portfolio’s that I watch. These are either potentially interesting investments or just companies to keep an eye on.
1. The Children’s Place Retail Stores (::yahoo(“PLCE”)::) — Okumus Capital, Carl Icahn, David Einhorn — Operates 1,193 children’s stores under the Children’s Place and Disney Store names. Down recently because of lower sales forecasts, an internal investigation into policy violations, and problems with their Disney license. Put itself up for sale last month, with the former CEO (who resigned in September) as a potential buyer. Children’s Place has a cheap looking EV/EBIT ratio of 5.6x.
2. CarMax (::yahoo(“KMX”)::) — Warren Buffett — Berkshire’s buy sent the shares up over 7% today. CarMax is a great company that’s down from its recent all-time high. Growing quickly over the past few years, CarMax looks relatively undervalued.
3. Stamps.com (::yahoo(“STMP”)::) — Mohnish Pabrai — An interesting company with high barriers to entry and return on invested capital. Some downside protection with the large cash balance. If you’re confident that management will continue to grow the customer base, STMP could have a lot of potential.
4. The Home Depot (::yahoo(“HD”)::) — Eddie Lampert — Lampert is usually very concentrated, holding no more than 5-7 stocks. So any of his major purchases are worth a look. Home Depot has been beat down lately for a number of reasons. Determining how much the housing downturn will affect earnings is one of the key aspects of this investment. HD is a good company that needs some work, but could be a very successful investment in the long-term.
5. Macy’s Inc. (::yahoo(“M “)::) — Carl Icahn, Fine Capital, Okumus Capital, Snow Capital — Formerly Federated Department Stores, Macy’s has 850 stores under the Macy’s and Bloomingdale’s names. Has been running into problems ever since acquiring May Department Stores in 2005. Down 35% in the last six months. Authorized a huge $4 billion share buyback in April. Macy’s doesn’t look too cheap based on current earnings, but has potential as a turnaround.
Disclosure: I don’t own any stocks mentioned in this post.