Richard F. Aster - Meridian Value Q4/2011 Fund Investing Strategies By Dividend Yield – Stock Capital, Investment. Here is a current portfolio update of Richard F. Aster’s - Meridian Value - portfolio movements as of Q4/2011 (December 31, 2011). In total, he has 50 stocks with a total portfolio worth of USD 684,861,000.
Strategy:
The Fund seeks long-term growth of capital by investing primarily in a diversified portfolio of publicly traded common stocks of U.S. companies. Under normal circumstances, the Fund emphasizes stocks which the Investment Adviser believes are undervalued in relation to an issuer’s long-term earnings power or asset value, or the stock market in general. Securities in which the Fund invests may be undervalued because of many factors, including market decline, poor economic conditions, tax-loss selling or actual or anticipated unfavorable developments affecting the issuer of the security. The Fund may invest in securities of companies with any capitalization across a broad range of industries. The Fund intends to invest at least 65% of its total assets in common stocks and equity-related securities (such as convertible debt securities and warrants). The Fund may invest up to 35% of its total assets in debt or fixed income securities, including higher yield, higher risk, lower rated or unrated corporate bonds commonly referred to as “junk bonds.” These are bonds that are rated Ba or below by Moody’s or BB or below by S&P. The Fund may invest up to 10% of its total assets in securities rated Ca or below by Moody’s or C or below by S&P, or unrated but considered by the Investment Adviser to be of comparable quality. The Fund may also invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies. If, in the Investment Adviser’s opinion, a stock has reached a fully valued position, it generally will be, but need not be, sold and replaced by securities which are deemed to be undervalued in the marketplace. The Fund generally sells investments when (i) the Investment Adviser concludes that the company’s fundamentals are not meeting expectations; (ii) better investment opportunities exist; and/or (iii) the company’s business has improved and this, in the Investment Adviser’s opinion, is reflected in the share price.
Richard F. Aster’s - Meridian Value - positions as of Q4/2011 with actual share movements:
Sym - Stock | Portfolio Weight | Recent activity | Reported Price* |
LKQX - LKQ Corp. | 3.42 | Reduce 18.72% | $30.08 |
BR - Broadridge Financial Solutions | 3.29 | 0 | $22.55 |
CCL - Carnival Corp. | 3.21 | 0 | $32.64 |
HE - Hawaiian Electric Industries | 3.16 | Reduce 7.22% | $26.48 |
EOG - EOG Resources | 3.16 | 0 | $98.51 |
HURN - Huron Consulting Group Inc. | 3.04 | Add 4.54% | $38.74 |
SWK - Stanley Black & Decker Inc. | 2.98 | 0 | $67.60 |
CTAS - Cintas Corp. | 2.95 | Add 12.93% | $34.81 |
UNP - Union Pacific | 2.91 | Reduce 4.81% | $105.94 |
GMT - GATX Corp. | 2.87 | 0 | $43.66 |
ALEX - Alexander & Baldwin | 2.75 | 0 | $40.82 |
WFC - Wells Fargo | 2.75 | 0 | $27.56 |
ZBRA - Zebra Technologies'A' | 2.65 | 0 | $35.78 |
WSH - Willis Group Holdings Plc | 2.65 | Reduce 27.33% | $38.80 |
BYI - Bally Technologies Inc. | 2.64 | 0 | $39.56 |
COST - Costco Co. | 2.63 | Reduce 9.43% | $83.32 |
EFX - Equifax Inc. | 2.51 | Reduce 2.12% | $38.74 |
MAT - Mattel Inc. | 2.49 | Reduce 29.06% | $27.76 |
GWW - Grainger (W.W.) Inc. | 2.48 | Reduce 12.55% | $187.19 |
ADSK - Autodesk Inc. | 2.44 | 0 | $30.33 |
HPY - Heartland Payment Systems Inc. | 2.35 | 0 | $24.36 |
LECO - Lincoln Electric | 2.33 | 0 | $39.12 |
SCS - Steelcase Inc. | 2.31 | 0 | $7.46 |
MON - Monsanto Co. | 2.28 | 0 | $70.07 |
CPWR - Compuware Corp. | 1.82 | 0 | $8.32 |
FLS - Flowserve Corp. | 1.82 | 0 | $99.32 |
MINI - Mobile Mini | 1.69 | 0 | $17.45 |
AMTD - TD Ameritrade Holding Corp. | 1.62 | 0 | $15.65 |
CVBF - CVB Financial Corp. | 1.61 | Add 8.67% | $10.03 |
BMRN - BioMarin Pharmaceutical Inc. | 1.6 | Reduce 8.49% | $34.38 |
HST - Host Hotels & Resorts | 1.59 | Reduce 5.87% | $14.77 |
POWI - Power Integrations Inc. | 1.51 | Reduce 13.75% | $33.16 |
SHW - Sherwin-Williams | 1.47 | 0 | $89.27 |
PII - Polaris Industries | 1.41 | Reduce 28.42% | $55.98 |
NEM - Newmont Mining Corp. (Hldg. Co.) | 1.37 | 0 | $60.01 |
EBAY - eBay Inc. | 1.36 | Add 8.69% | $30.33 |
UPL - Ultra Petroleum Corp. | 1.31 | 0 | $29.63 |
RBA - Ritchie Bros. Auctioneers Inc. | 1.26 | 0 | $22.08 |
ISCA - International Speedway | 1.25 | 0 | $25.35 |
CTXS - Citrix Systems | 1.22 | 0 | $60.72 |
ORB - Orbital Sciences Corp. | 1.19 | 0 | $14.53 |
LII - Lennox International | 1.16 | Buy | $33.75 |
CMI - Cummins Inc. | 1.08 | 0 | $88.02 |
WM - Waste Management Inc. | 1.07 | 0 | $32.71 |
UTIW - UTI Worldwide Inc. | 1.05 | 0 | $13.29 |
ICLR - ICON plc | 1.03 | Add 6.81% | $17.11 |
APA - Apache Corp. | 1.03 | 0 | $90.58 |
AEGXF - Aecon Group Inc. | 0.97 | 0 | $10.46 |
DENN - Denny's Corp. | 0.77 | Add 24.03% | $3.76 |
BGC - General Cable Corp. | 0.49 | Reduce 42.51% | $25.01 |
Related Stock Ticker:
LKQX, MAT, WSH, HE, CCL, BR, COST, ALEX, WFC, UNP, HURN, ZBRA, EOG, GWW, ADSK, SWK, CTAS, GMT, EFX, SCS, MON, HPY, BYI, PII, LECO, CPWR, BMRN, POWI, MINI, AMTD, NEM, FLS, HST, UPL, SHW, EBAY, RBA, CVBF, ISCA, CTXS, WM, ORB, UTIW, CMI, APA, ICLR, BGC, AEGXF, DENN, LII,