Robert E. Torray – Torray Q4/2011 Fund Investing Strategies By Dividend Yield – Stock Capital, Investment. Here is a current portfolio update of Robert E. Torray’s - Torray - portfolio movements as of Q4/2011 (December 31, 2011). In total, he has 31 stocks with a total portfolio worth of USD 312,126,000.
Strategy:
The strategy is to invest in a limited number of high quality companies that have a record of increasing sales and earnings, and to hold them as long as their fundamentals remain intact. Capable management and sound finances are critical considerations in the investment process. Investments are made when it is believed a company’s long-term outlook is sound and the shares are fairly priced.
The primary focus is on business analysis, and no attempt is made to forecast security market trends. We recognize that economic value lies in businesses, not stocks. Quality companies with successful track records that have fallen from investor favor may be of interest if we determine the cause of investor disaffection is temporary, and that share prices fail to reflect our assessment of intrinsic value. However, companies with poor records, or those that suffer reversals deemed likely to be permanent, are avoided regardless of how “cheap” their shares may appear.
Robert E. Torray’s fund positions as of Q4/2011 with actual share movements:
| Sym - Stock | Portfolio Weight | Recent activity | Reported Price* |
| KFT - Kraft Foods Inc. | 4.15 | 0 | $37.36 |
| CB - Chubb Corp. | 4.15 | 0 | $69.22 |
| CTAS - Cintas Corp. | 4.15 | 0 | $34.81 |
| GE - General Electric | 4.12 | Add 18.88% | $17.91 |
| L - Loews Corp. | 4.06 | 0 | $37.65 |
| JNJ - Johnson & Johnson | 4.03 | 0 | $65.58 |
| ADP - Automatic Data Processing Inc. | 3.92 | 0 | $54.01 |
| IBM - International Bus. Machines | 3.91 | 0 | $183.89 |
| WU - Western Union Co. | 3.7 | 0 | $18.26 |
| ABT - Abbott Labs | 3.67 | 0 | $56.23 |
| MMC - Marsh & McLennan | 3.63 | 0 | $31.62 |
| T - AT&T Inc. | 3.39 | 0 | $30.24 |
| WFC - Wells Fargo | 3.36 | 0 | $27.56 |
| AXP - American Express | 3.31 | 0 | $47.17 |
| INTC - Intel Corp. | 3.3 | 0 | $24.25 |
| BDX - Becton Dickinson | 3.2 | 0 | $74.72 |
| CSCO - Cisco Systems | 3.14 | Reduce 14.53% | $18.08 |
| MMM - 3M Co. | 3.11 | 0 | $81.73 |
| BAX - Baxter International Inc. | 3.02 | 0 | $49.48 |
| PG - Procter & Gamble | 3.02 | 0 | $66.71 |
| SYY - Sysco Corp. | 2.95 | 0 | $29.33 |
| DD - Du Pont (E.I.) | 2.95 | 0 | $45.78 |
| GD - General Dynamics | 2.87 | 0 | $66.41 |
| EMC - EMC Corp. | 2.76 | 0 | $21.54 |
| HPQ - Hewlett-Packard | 2.7 | Add 23.59% | $25.76 |
| TUP - Tupperware Brands Corp. | 2.69 | Add 67.86% | $55.97 |
| CL - Colgate-Palmolive | 2.65 | 0 | $92.39 |
| GCI - Gannett Co. | 2.4 | 0 | $13.37 |
| UNH - United Health Group Inc. | 2.39 | Reduce 36.90% | $50.68 |
| WLP - WellPoint Inc. | 2.1 | Reduce 36.88% | $66.25 |
| WAG - Walgreen Co. | 1.2 | 0 | $33.06 |
Related Stock Ticker:
JNJ, IBM, KFT, L, CB, UNH, BAX, ADP, CTAS, ABT, WLP, T, AXP, CSCO, BDX, WU, MMC, GE, WFC, INTC, PG, MMM, EMC, SYY, DD, CL, GD, HPQ, GCI, TUP, WAG