Monsanto Company (MON), Seagate Technology PLC (STX) And Whirlpool Corporation (NYSE:WHR): Trinity Street Asset Management’s Top 3 Best Equity Bets


Trinity Street Asset Management LLP took the opportunity in 1Q2015 to carry out various reforms in its equity portfolio mix. At the end of the quarter, the value of the fund’s equity portfolio fell to $430.8 million from $439.7 million in the previous filing.

The fund started fresh positions in three stocks during the latest quarter and sold out of four other stocks during the quarter. In other measures, Trinity reduced holding in two stocks and increased stakes in eight others.

In terms of sectors, the fund is most active in Materials industry, which account for 25% of its portfolio. The other sector of significant interest to Trinity is Consumer Discretionary, which make up 24% of its portfolio. Finance, Industrials and Technology are other sectors where the fund has exposure.

Here is a brief look at Trinity Street Asset Management’s top 3 largest equity picks by dollar value at the end of 1Q.

Trinity moves positively in Monsanto (MON)

Trinity Street Asset Management raised its stake in Monsanto Company (NYSE:MON) during 1Q to 350,930 shares from 300,420 shares. The dollar value of the new stake also rose to $39.5 million from $35.9 million in the previous filing.

Trinity raises holding in Seagate Technology (STX)

Trinity made a bullish move in Seagate Technology PLC (NASDAQ:STX) in 1Q, raising its stockholding in the company to 746,594 shares from 654,904 shares. However, despite the increase in number of shares held in Seagate, the financial value of the investment declined to $38.8 million at the end of 1Q from $43.6 million at the end of 4Q2014.

Trinity drops holding in Whirlpool (WHR)

Trinity lowered its exposure to Whirlpool Corporation (NYSE:WHR) in 1Q such that the fund the owned 191,288 shares in the company at the end of the quarter compared to 255,429 shares at the end of 4Q. The new stake was valued at $38.7 million, below $49.5 million in the previous report.

Fresh positions

Trinity Street Asset Management LLP took the opportunity in 1Q to start fresh positions in Toll Brothers Inc (NYSE:TOL), Carnival Corp (NYSE:CCL) and ManpowerGroup Inc. (NYSE:MAN).

Discarded stakes

The fund also sold out of Tata Motors Limited (ADR) (NYSE:TTM), Mylan NV (NASDAQ:MYL) and National-Oilwell Varco, Inc. (NYSE:NOV) among other stocks during the quarter.

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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