This piece from the Motley Fool came across my desk today. It examines the three stock pickers managing the Longleaf Partners International Fund -- Mason Hawkins, Staley Cates and Andrew McDermott.
The fund's top 10 holdings are:
NipponKoa Insurance
8.2%
Dell
7.9%
Shaw Communications
6.4%
Philips Electronics
6.3%
Renault
5.7%
Olympus
5.7%
Millea
5.2%
Cheung Kong
4.9%
Cemex
4.9%
Vivendi
4.9%
The only one of those I own is NipponKoa Insurance. Longtime readers of Controlled Greed.com know that the "Current Holdings" menu at the right only lists stocks I have either bought or added to since launching this blog in April 2005.
The stocks in the "Current Holdings" menu make up the vast majority of my portfolio. There are only three stocks I hold NOT in that menu -- NipponKoa Insurance, Korea Electric Power and Audiovox. Some investors consider the last two bargains now. They may be. But I've owned them for several years and sold half of each position as the stock prices appreciated.
Put simply, I cannot recommend in good conscious that you buy something I've been selling. Due your own due diligence and make up your own mind.
Back to NipponKoa. I bought Koa Fire & Marine Insurance in 1998. It later merged with Nippon Fire & Marine Insurance to form NipponKoa. I love the company. I admire its management.
And I expect to continue holding it for good long while yet.
But I haven't been adding to my position in the company. If I do, you'll read about it here. And then it will take its place in the "Current Holdings" menu.
Comments