This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Blue Ridge Buys Apple Inc. (AAPL), Marathon Petroleum Corp (MPC)

Stocks in this article: AAPLaigENDPnflxTMO

The latest 13F filing by Blue Ridge reveals an aggregate portfolio worth $9.7 billion as of December 31, 2013. This is up from the end-September value of $8.36 billion.

Endo Health tops Blue Ridge's portfolio holdings

As of the end December, Blue Ridge's biggest holding as a percentage of portfolio value was Endo Health Solutions Inc (ENDP) Com STK at 5.56%. The investment advisor owns 8 million shares of Endo Health Solutions Inc (ENDP) that are currently valued at $539.68 million. During the last quarter, Blue Ridge added 1 million shares of the specialty healthcare solutions company.

Blue Ridge John Griffin

The second-largest holding was Charter Communications, Inc. (CHTR) of which Blue Ridge owns 2,835,000 shares that are currently valued at $387.71 million representing 3.99% of its total portfolio. The investment management firm added 645,000 shares of Charter Communications during the quarter ended December 31, 2013.

The investment advisor's third largest holding was Thermo Fisher Scientific Inc. (TMO) in which it owns 3,425,000 shares valuing $381.37 million, constituting 3.93% of its overall portfolio.

Insurance major American International Group Inc (AIG) was the fourth largest holding of Blue Ridge. The investment advisor owns 7,328,000 shares that are currently valued at $374.09 million, representing 3.85% of its overall portfolio.

Blue Ridge's fifth largest holding was Liberty Global Inc. where it owns 4,155,000 shares that are currently valued at $369.79 million representing 3.81% of its total portfolio.

Blue Ridge new positions

During the quarter, the investment management firm purchased 2,790,000 shares of Marathon Petroleum Corp (MPC) Common Stock for $255.92 million, representing 2.64% of its overall portfolio. Actavis Inc was the second major new addition, of which Blue Ridge purchased 1,310,000 shares valued $220.08 million.

Apple Inc. (AAPL) was another new addition of Blue Ridge. The investment advisor purchased 320,000 shares of the information technology major valued $179.52 million constituting 1.85% of its overall portfolio.

Blue Ridge reduced positions

During the quarter, the investment management firm fully sold its 913,000 shares of Polo Ralph Lauren Corp (RL) Blue Ridge also fully sold its 3,085,000 shares of the health care services company, Tenet Healthcare Corp (THC) during the quarter.

During the quarter, Blue Ridge also fully divested its position in Range Resources Corp. (RRC) by selling 1,599,000 shares.

Blue Ridge also fully sold off its 349,000 shares in the Internet television network company, Netflix, Inc. (NFLX) In the preceding quarter, Blue Ridge's holding in Netflix represented 1.29% of its overall portfolio.

The post Blue Ridge Buys Apple Inc. AAPL, Marathon Petroleum Corp MPC appeared first on ValueWalk.

-By Mani

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs