Apple Inc. (AAPL), Cisco Systems, Inc. (CSCO) and Oracle Corporation (ORCL): Greenwood Gearhart’s Best 3 Tech Picks
Greenwood Gearhart Inc reshaped its portfolio mix in a number of ways during the first quarter of 2015, at the end of which the value of the equity portfolio increased to $230.1 million, from $223.8 million in the fourth quarter 2014.
The fund took the opportunity in quarter one to sell out of one stock, initiating fresh positions in two others and increasing holdings in another 18 stock. But that was not all as Greenwood Gearhart also reduced stakes in 27 stocks during the quarter.
Greenwood Gearhart has a well balanced investment in terms of sectors. Its holdings are found in Technology, Healthcare, Industrials, Consumer Discretionary, Energy and Finance in almost similar proportions.
Here is a closer look at the fund’s most prominent Technology stocks by dollar value.
Greenwood Gearhart slightly decreased its exposure to Apple Inc. (NASDAQ:AAPL) in the first quarter, cutting its stake in the company to 47,350 shares. The fund previously owned 49,406 shares in Apple. Despite the reduction in the numbers of shares owned in Apple, the dollar value in the position rose to $5.9 million, from just about $5.5 million.
Greenwood Gearhart made a negative move in Cisco Systems, Inc. (NASDAQ:CSCO), slightly lowering its holding in the company to 201,911 shares, from 2014,326 shares. The new position in Cisco stood at $5.6 million at the end of quarter one, compared to about $5.7 million at the end of the fourth quarter.
The stake in Oracle Corporation (NYSE:ORCL) increased slightly to 113,041 shares from 113,648 shares between the first quarter of 2015 and the fourth quarter of 2014. However, despite the increase in stockholding in Oracle, dollar value of the stake depreciated to nearly $4.9 million from about $5.1 million.
Greenwood Gearhart deleted Phillips 66 (NYSE:PSX) from its portfolio in quarter one, but added J M Smucker Co (NYSE:SJM) and Bear State Financial Inc (NASDAQ:BSF) to its portfolio in the quarter.
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