Berkshire Hathaway Inc. (BRK.B), Gentex Corporation (GNTX) and Travelers Companies Inc (TRV): Martin Capital Management’s Best 3 Picks Overall
The equity portfolio of Martin Capital Management LLC depreciated to $35.3 million in 1Q2015 from $38.8 million in 4Q2014.
Martin Capital Management took the opportunity in 1Q to carry out various tweaks in its portfolio mix. The fund neither started a fresh position nor sold out of any stock in the quarter, but increased stake in one company and sold shares in nine other companies.
In terms of sectors, Martin Capital Management is active in Finance, which accounts for 27% of its total portfolio. The fund also has sizable exposure to Consumer Discretionary, Energy and Healthcare sectors.
Here is a brief look at Martin Capital Management’s top 3 largest equity picks by dollar value at the end of 1Q and how the fund played them.
No movement in Berkshire (BRK.B)
Martin Capital Management neither increased nor decreased its stockholding in Berkshire Hathaway Inc. (NYSE:BRK.B) in 1Q. The fund held 39,843 shares worth $5.75 million in the company at the end of the quarter. While the fund maintained the number of shares owned in Berkshire, the financial value of the investment depreciated from $5.98 million at the end of 4Q2014.
Bump in Gentex (GNTX)
The stake in Gentex Corporation (NASDAQ:GNTX) rose to 274,008 shares in 1Q from 154,569 shares in 4Q2014. While the number of shares held in Gentex rose between 1Q2015 and 4Q2014, the dollar value of the investment plunged to $5 million from $5.59 million.
Slight reduction in Travelers (TRV)
Martin Capital Management held 35,627 shares worth $3.85 million in Travelers Companies Inc (NYSE:TRV) at the end of 1Q. The stake decreased slightly from 35,628 shares valued at $3.77 million at the end of 4Q2014.
Largest Reduced stakes
When it comes to reducing exposure to some stocks, Martin Capital Management made the heaviest moves in Rosetta Resources Inc. (NASDAQ:ROSE), Rayonier Advanced Materials Inc (NYSE:RYAM) and Wal-Mart Stores, Inc. (NYSE:WMT).
The fund reduced its stake in Rosetta Resources to 112,095 shares worth $1.91 million at the end of 1Q from 122,825 shares worth $2.74 million in the previous filing. The stake in Rayonier Advanced Materials was lowered to 52,378 shares valued at $780,000 from 57,355 shares valued at $1.28 million. In Wal-Mart Stores, Martin Capital Management cut its stake to 38,868 shares valued at $3.20 million from 42,833 shares worth $3.68 million.
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