By: Manisha Sethi May. 01, 2018
Odey Holdings AG disclosed its SEC 13F filings for Q4 2017 on February 14, 2018, reporting a portfolio value of $1.63 million and 3 new stock purchases. Its top 10 holdings comprise 71% of its portfolio, with Facebook, Inc. (FB) from the communications sector being the investor’s top holding with 1,060 shares comprising 11.43% of the portfolio. The firm that is based out of Zurich, Switzerland, invests across all sectors.
An analysis by Raltin reveals that 51% of Odey Holdings’ new stock purchases outperformed the S&P 500. More specifically, 21% or 15 new stock purchases outperformed the S&P 500 by more than 20% between Q1 2014 and Q4 2017. Only 8 of the total 70 stocks underperformed the S&P 500 by more than 20%. Details of Raltin’s methodology are available here. The following table shows the number of new stocks that outperformed the S&P 500.
|S&P outperformance category||Number of new stock purchases||Total new purchases (% )|
|10 to 20%||8||11|
|0 to 10%||13||19|
|-10 to 0%||15||21|
|-20 to -10%||11||16|
In the most recent quarter, Odey Holdings purchased 3 stocks from the communications and healthcare sectors—Comcast Corp. (CMCSA) and Charter Communications, Inc. (CHTR) from the communications sector comprise 2.45% and 2.08% of its portfolio, respectively. On the other hand, Celgene Corp. (CELG) from the healthcare sector constitutes 2.32% of the portfolio. The table below presents the investor’s new purchases for Q4 2017.
|Stocks||Number of shares||Holding value ($1,000)|
|Comcast Corp. (CMCSA)||1,000||40|
|Celgene Corp. (CELG)||360||38|
|Charter Communications, Inc. (CHTR)||100||34|
The next table shows the investor’s portfolio value for the past 5 quarters, that is, from Q1 2017 to Q1 2016. In addition, it shows the top 3 stocks that outperformed the S&P 500 in each quarter. Among its new purchases, several new picks by the institutional investor, like MGIC Investment Corp. (MTG), Lam Research Corp. (LRCX), Celgene Corp. (CELG), Bank of America Corp. (BAC), Barrick Gold Corp. (ABX), and many others have successfully outperformed the index.
|Period||Total portfolio value ($Mn)||Top holdings (ticker, % IRR difference from S&P 500)|
|Q1 2017||1.165||MGIC Investment Corp. (MTG, 16.76)|
|Q4 2016||1.545||Lam Research Corp. (LRCX, 54.92), Estee Lauder Companies, Inc. (THE) (EL, 47.14), Broadcom Limited (AVGO, 26.04)|
|Q3 2016||2.29||Celgene Corp. (CELG, 23.43), TD AmeriTrade Holding Corp. (AMTD, 22.41)|
|Q2 2016||2.31||Bank of America Corp. (BAC, 67.39), Royal Caribbean Cruises Ltd. (RCL, 47.24), BlackRock, Inc. (BLK, 7.89)|
|Q1 2016||5.76||Barrick Gold Corp. (ABX, 25.13), Adobe Systems, Inc. (ADBE, 24.03)|