Wells Fargo & Co (WFC), Berkshire Hathaway Inc. (BRK.B) And Microsoft Corporation (MSFT): GVO Asset Management’s Best Equity Bets

GVO Asset Management’s equity portfolio surged to nearly $1.1 billion at the end of 1Q2015 from a little over $984 million at the end of 4Q2014, according to its latest regulatory filing.

In its regulatory disclosure of trades and holdings in 1Q, GVO Asset Management reported that it sold out of Motorola Solutions Inc (NYSE:MSI) completely during the quarter. However, the fund initiated two fresh positions in Platform Specialty Products Corp (NYSE:PAH) and Valeant Pharmaceuticals Intl Inc (NYSE:VRX) during 1Q.

In other moves, GVO cut exposure to some two stocks and raise holding in some four stocks during the quarter, with its top 10 holdings taking up more than 96% of the total portfolio. The fund’s equity portfolio is spread across various sectors including Finance, Consumer Discretionary and Health, with Finance being the largest portion.

Here is a brief look at GVO Asset Management’s top-three best holdings at the end of 1Q as revealed in 13F filing.

GVO narrows holding in Wells Fargo (WFC)

GVO Asset Management chose to maintain Wells Fargo & Co (NYSE:WFC) as its largest single equity position throughout 1Q, but the fund did reduce exposure to the stock during the quarter. The fund held a little over 3.4 million shares in the bank company by the close of 1Q compared to more than 3.6 million held at the end of 4Q2014. The dollar value of the new holding in Wells Fargo stood at $187 million at the end of the latest quarter, lower than $198.6 million in the previous report.

GVO cuts exposure to Berkshire Hathaway (BRK.B)

GVO Asset Management also made a negative move in Berkshire Hathaway Inc. (NYSE:BRK.B) during 1Q, shedding some shares in the stock to bring its holding to just about 1.25 million shares from more than 1.28 million shares at the end of 4Q. The new position in Berkshire was valued at $180.2 million, behind $192.5 million at the end of the previous quarter.

GVO raises stake in Microsoft (MSFT)

Microsoft Corporation (NASDAQ:MSFT) is the only stock in GVO Asset Management’s top-three list in which the fund raised its holding during 1Q. The fund acquired more shares in the software company to raise its profile to nearly 3.3 million shares up from just about 3 million shares. The dollar value of the new holding in Microsoft stood at $133.9 million at the end of 1Q.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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