Berkshire Hathaway Inc. (BRK.B), Foot Locker, Inc. (FL) and Walt Disney Co (DIS): Delphi Management’s Best 3 Equity Picks Overall
The equity portfolio of Delphi Management Inc increased to $753.2 million in the first quarter 2015, from $712.7 million in the fourth quarter of 2014. The appreciation came on the back of a number of adjustments to the portfolio mix during the latest quarter.
Delphi Management added 12 new stocks to its portfolio in the first quarter of 2015 and deleted the same number of shares from its portfolio during the quarter. In other measures, Delphi Management increased holding in 47 stocks and cut stakes in 40 other stocks.
Delphi Management is very active in the Consumer Discretionary sector, which accounts for 26% of its total portfolio. The fund also has significant exposure to Finance, Technology and Healthcare sectors.
Here is a closer look at Delphi Management’s top 3 equity picks in terms of dollar value and how the fund played them during the first quarter of 2015.
Delphi increases exposure to Berkshire (BRK.B)
The fund slightly increased its stake in Berkshire Hathaway Inc. (NYSE:BRK.B) to 146,921 shares in quarter one, from 142,133 shares held at the end of the fourth quarter of 2014. While the number of shares held in Berkshire increased between quarter one and quarter four, the financial value of the investment declined a bit, to $21.2 million from $21.34 million.
Stake in Walt Disney (DIS) declines
Delphi Management is active in Walt Disney Co (NYSE:DIS) where its stockholding stood at 112,623 shares at the end of quarter one. The fund slightly narrowed its exposure to Walt Disney between the first quarter and the fourth quarter because it disclosed holding of 113,064 shares in the company at the end of the fourth quarter.
Despite the decrease in the number of shares held in Walt Disney, the dollar value of the stake in the company edged up slightly to $11.81 million, from $10.65 million.
Delphi ups stake in Foot Locker (FL)
Delphi Management made a positive move in Foot Locker, Inc. (NYSE:FL) in quarter one. The fund acquired more shares in the company so that its stock holding in Foot Locker rose to 187,467 shares, from 181,252 shares at the end of the fourth quarter. The dollar value of the stake in Foot Locker also appreciated to $11.81 million, from $10.18 million.
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