Guru Mario Cibelli (Trades, Portfolio), who founded Marathon Partners nearly 20 years ago and has a reputation as a long-term investor, increased his stakes in familiar companies in his portfolio in the fourth quarter.
Cibelli added to the two largest stakes (by volume) in his portfolio – Shutterfly Inc (SFLY, Financial) and Xoom Corp (XOOM, Financial).
In two separate purchases, one in October and one in December, Cibelli added a total of 770,000 shares to his stake in Xoom, a San Francisco-based digital money transfer company and the largest stake in Cibelli’s portfolio. Cibelli paid $14.41 per share in October and an average price of $16.48 in December. The October acquisition had a 5.25% impact on his portfolio. The December acquisition had an impact of 5.11%.
Xoom has a P/E of 0, a Price/Book of 2.1 and a Price/Sales of 3.6.
PRIMECAP Management (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) have shares of Xoom in their portfolios. Ron Baron (Trades, Portfolio) divested himself of his holdings in the fourth quarter.
In two other fourth-quarter purchases, Cibelli added 135,00 shares to his second-largest stake, Shutterfly, an internet-based image publishing service headquartered in California, paying $40.81 per share in November and an average price of $42.56 in December. The November purchase had a 1.62% impact on his portfolio. The December purchase had a 2.14% impact on his portfolio.
It was the fifth consecutive quarter that Cibelli has added to his stake in Shutterfly.
Shutterfly has a P/E of 0, a Price/Book of 2.4 and a Price/Sales of 2.0.
Four gurus – Steven Cohen (Trades, Portfolio), Manning & Napier Advisors Inc., Caxton Associates (Trades, Portfolio) and PRIMECAP Management (Trades, Portfolio) – have shares of Shutterfly in their portfolios.
Cibelli bought shares in two companies that are new to his portfolio – Darling Ingredients Inc (DAR, Financial) and HomeAway Inc (AWAY, Financial) – in the fourth quarter.
Cibelli purchased 230,000 shares of Darling Ingredients, a Texas-based producer of sustainable natural ingredients used in edible and inedible products, for an average price of $18.08 per share. The purchase had a 1.6% impact on his portfolio.
Darling Ingredients has a P/E of 36.0, a Price/Book of 1.2 and a Price/Sales of 0.6.
Seven gurus – Jim Simons (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Private Capital (Trades, Portfolio), Chuck Royce (Trades, Portfolio), Steven Cohen (Trades, Portfolio) and Third Avenue Management (Trades, Portfolio) – have shares of Darling Ingredients in their portfolios.
Cibelli purchased 25,000 shares of HomeAway, a vacation rental marketplace based in Austin, Texas, for an average price of $31.55 per share. The acquisition had a 0.28% impact on his portfolio.
HomeAway has a P/E of 218, a Price/Book of 3.0 and a Price/Sales of 6.8.
Eight gurus – Caxton Associates (Trades, Portfolio), Manning & Napier Advisors Inc, Paul Tudor Jones (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Chuck Royce (Trades, Portfolio), Columbia Wanger (Trades, Portfolio), Ron Baron (Trades, Portfolio) and Jim Simons (Trades, Portfolio) – have shares of HomeAway in their portfolios. Steven Cohen (Trades, Portfolio) divested himself of his holdings in the company in the fourth quarter.
Reductions and divestitures
Cibelli sold his stake in IAC/InterActiveCorp (IACI, Financial) in the fourth quarter. He sold portions of his holdings in seven companies – eBay (EBAY, Financial), Blackhawk Network Holdings Inc (HAWK, Financial), Expedia Inc (EXPE, Financial), Outerwall Inc (OUTR, Financial), PetSmart Inc (PETM, Financial), Acacia Research Corporation (ACTG) and Voya Financial Inc (VOYA).
To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.
