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FAM
Foundation Asset Management Portfolio holdings
AUM
$116M
1-Year Est. Return
31.02%
This Fund
S&P 500
This Quarter
Est. Return
+0.33%
1 Year Est. Return
+31.02%
3 Year Est. Return
+126.03%
5 Year Est. Return
+245.43%
10 Year Est. Return
–
AUM
$368M
AUM Growth
-$16.1M
(-4.2%)
Cap. Flow
-$13.2M
Cap. Flow
% of AUM
-3.59%
Top 10 Holdings %
Top 10 Hldgs %
79.53%
Holding
24
New
4
Increased
6
Reduced
7
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$15.3M |
| 2 |
Innoviva
INVA
|
+$14.2M |
| 3 |
B
Barrick Mining
B
|
+$12.7M |
| 4 |
Stewart Information Services
STC
|
+$11.3M |
| 5 |
ENDP
Endo International plc
ENDP
|
+$11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$26.5M |
| 2 |
SPR
Spirit AeroSystems
SPR
|
+$25M |
| 3 |
Avis
CAR
|
+$11.7M |
| 4 |
Herc Holdings
HRI
|
+$6.93M |
| 5 |
PATH
NUPATHE INC COM STK
PATH
|
+$5.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 34.92% |
| 2 | Financials | 21.02% |
| 3 | Materials | 10.19% |
| 4 | Communication Services | 9.02% |
| 5 | Technology | 8.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Stewart Information Services
STC
$2.19B
| $54.9M | 14.9% |
1,561,355
+328,367
| +27% | +$11.3M |
|
|
ENDP
2
DELISTED
Endo International plc
ENDP
| $50.6M | 13.76% |
737,777
+154,702
| +27% | +$11M |
|
3
DaVita
DVA
$15.2B
| $36.5M | 9.92% |
530,056
+55,957
| +12% | +$3.72M |
|
|
ECHO
4
EchoStar
ECHO
$26.7B
| $25.3M | 6.88% |
657,359
-4,187
| -0.6% | -$165K |
|
|
5
Herc Holdings
HRI
$4.99B
| $24.7M | 6.72% |
309,581
-86,010
| -22% | -$6.93M |
|
|
WMGI
6
DELISTED
Wright Medical Group Inc
WMGI
| $22.4M | 6.09% |
721,672
-122,641
| -15% | -$3.87M |
|
|
PKY
7
DELISTED
Parkway, Inc.
PKY
| $21.2M | 5.77% |
1,162,904
-275,588
| -19% | -$4.97M |
|
|
B
8
Barrick Mining
B
$58.5B
| $20M | 5.44% |
1,122,696
+656,638
| +141% | +$12.7M |
|
|
9
Innoviva
INVA
$1.6B
| $18.9M | 5.15% |
759,898
+484,649
| +176% | +$14.2M |
|
10
American International
AIG
$42.7B
| $18M | 4.9% |
360,644
-27,913
| -7% | -$1.39M |
|
|
CAS
11
DELISTED
A M Castle & Co
CAS
| $17.5M | 4.75% |
1,190,598
+23,378
| +2% | +$338K |
|
|
QVCGA
12
DELISTED
QVC Group Inc Series A
QVCGA
| $15.5M | 4.22% |
13,113
-4,069
| -24% | -$4.75M |
|
|
13
Intuit
INTU
$79.6B
| $15.5M | 4.22% |
+200,000
| New | +$15.3M |
|
14
News Corp Class A
NWSA
$15.4B
| $7.86M | 2.14% |
+456,526
| New | +$7.9M |
|
15
Gen Digital
GEN
$16.1B
| $7.66M | 2.08% |
+383,655
| New | +$8.21M |
|
16
Oracle
ORCL
$364B
| $6.76M | 1.84% |
165,285
-55,605
| -25% | -$2.12M |
|
17
PennyMac Financial
PFSI
$4.43B
| $4.46M | 1.21% |
+268,179
| New | +$4.67M |
|
18
AB InBev
BUD
$156B
| – | – |
-9,337
| Closed | -$994K |
|
|
19
Avis
CAR
$5.67B
| – | – |
-290,195
| Closed | -$11.7M |
|
|
20
Microsoft
MSFT
$2.93T
| – | – |
-708,588
| Closed | -$26.5M |
|
|
SPR
21
DELISTED
Spirit AeroSystems
SPR
| – | – |
-733,413
| Closed | -$25M |
|
|
BEAM
22
DELISTED
BEAM INC COM STK (DE)
BEAM
| – | – |
-77,018
| Closed | -$5.24M |
|
|
PATH
23
DELISTED
NUPATHE INC COM STK
PATH
| – | – |
-1,820,834
| Closed | -$5.95M |
|
|
KEG
24
DELISTED
KEY ENERGY SERVICES INC
KEG
| – | – |
-358,542
| Closed | -$2.83M |
|
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Foundation Asset Management's Q1 2014 Portfolio in Review
As of Q1 2014, Foundation Asset Management held 24 positions worth $368M, down 4.2% from $384M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Foundation Asset Management withdrew a net $13.2M in Q1 2014, closing 7 positions and reducing 7 holdings. Its most notable exit was Microsoft, an estimated $26.5M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 35% of assets, up from 27% a quarter earlier, followed by Financials and Materials.
Against the trend, Foundation Asset Management opened a new position in Intuit worth $15.5M.
- Foundation Asset Management's largest Q1 2014 buy was Intuit: 200,000 shares worth $15.5M.
- Foundation Asset Management added most to Innoviva in Q1 2014, an estimated $14.2M increase.
- Foundation Asset Management's biggest Q1 2014 reduction was Herc Holdings, cutting an estimated $6.93M.
- Foundation Asset Management fully exited Microsoft in Q1 2014, selling an estimated $26.5M.
- Foundation Asset Management's ten largest holdings make up 80% of its $368M portfolio in Q1 2014.
- Foundation Asset Management opened 4 new positions and closed 7 in Q1 2014.
- Foundation Asset Management's portfolio value fell 4.2% quarter-over-quarter to $368M.
Based on Foundation Asset Management's 13F filing for Q1 2014, filed 15 May 2014.