Top-returning fund manger of 2013 Larry Robbins (Trades, Portfolio) announced last week that he bought 11 new first-quarter stocks at his hedge fund Glenview Capital Management.
Robbins’ portfolio ended the quarter with 79 long positions and 19% turnover. The total value of the stocks was $21.9 billion.
Robbins favored Healthcare stocks, dedicating 35.9% of the portfolio to positions in the sector.
The five largest new stocks he purchase in the first quarter were: McDonald’s Corp (MCD, Financial), Citigroup Inc. (C, Financial), Gap Inc. (GPS, Financial), ManpowerGroup (MAN, Financial) and Manitowoc Co. Inc. (MTW, Financial).
McDonald’s Corp (MCD, Financial)
Robbins purchased 2,900,900 shares of McDonald’s, representing 1.29% of the portfolio. McDonald’s first quarter stock price average was $95 per share.
McDonald's Corp was incorporated in the state of Delaware on December 12, 1964. McDonald's Corp has a market cap of $95.27 billion; its shares were traded at around $99.39 with a P/E ratio of 22.30 and P/S ratio of 3.60. The dividend yield of McDonald's Corp stocks is 3.30%. McDonald's Corp had an annual average earnings growth of 12.00% over the past 10 years. GuruFocus rated McDonald's Corp the business predictability rank of 4-star.
Robbins bought 5,365,300 shares of Citigroup Inc., representing 1.26% of the portfolio. Citigroup’s first quarter stock price average was $51 per share.
Citigroup Inc. was incorporated in 1988 under the laws of the State of Delaware. Citigroup Inc. has a market cap of $166.51 billion; its shares were traded at around $54.88 with a P/E ratio of 21.70 and P/S ratio of 2.20. The dividend yield of Citigroup Inc. stocks is 0.20%.
Robbins purchased 195,536 shares of Gap Inc., reflecting 0.89% of the portfolio. Gap’s first quarter stock price averaged $42 per share.
Gap Inc. was incorporated in the State of California in July 1969 and was reincorporated under the laws of the State of Delaware in May 1988. Gap Inc. has a market cap of $16.12 billion; its shares were traded at around $38.50 with a P/E ratio of 13.40 and P/S ratio of 1.0. The dividend yield of Gap Inc. stocks is 2.3%. Gap Inc. had an annual average earnings growth of 10.1% over the past 10 years. GuruFocus rated Gap Inc. the business predictability rank of 3-star.
ManpowerGroup (MAN, Financial)
Robbins purchased 2,268,131 shares of ManpowerGroup, representing 0.89% of the portfolio. ManpowerGroup’s first quarter stock price average was $76 per share.
ManpowerGroup and its predecessors, has been in business since 1948. ManpowerGroup has a market cap of $6.76 billion; its shares were traded at around $86.40 with a P/E ratio of 16.4 and P/S ratio of 0.3. The dividend yield of ManpowerGroup stocks is 1.1%.
Manitowoc Co. Inc. (MTW, Financial)
Robbins purchased 8,614,197 shares of Manitowoc Co. Inc., representing 0.85% of the portfolio. Manitowoc’s first quarter stock price averaged $21 per share.
Manitowoc Co. Inc., a Wisconsin corporation, was founded in 1902. Manitowoc Co. Inc. has a market cap of $2.74 billion; its shares were traded at around $20.14 with a P/E ratio of 19.3 and P/S ratio of 0.7. The dividend yield of Manitowoc Co. Inc. stocks is 0.4%.
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