- Thyra Zerhusen’s 13F portfolio decreased from $4.82B to $4.42B this quarter.
- Fairpointe Capital added Stericycle and reduced Interpublic Group while increasing DeVry Education, Lions Gate Entertainment, and Office Depot.
- The largest three positions are Juniper Networks, Time Inc., and Copa Holdings.
Thyra Zerhusen’s 13F portfolio decreased 8.33% from $4.82B
to $4.42B this quarter. Recent 13F reports have shown a total of around 70
individual stock positions in the portfolio. The largest five stakes are Juniper
Networks (JNPR), Time Inc. (TIME), Copa Holdings (CPA), New York Times (NYT),
and Teradata Corp. (TDC) and they together add up to ~17% of the portfolio.
Below is a summary of the major moves this quarter:
Stericycle Inc.
(SRCL): SRCL is a new ~1.5% portfolio stake established this quarter at
prices between $93 and $128. The stock is now at $82.26. For investors
attempting to follow Fairpointe, SRCL is a very good option to consider for
further research.
Interpublic Group
(IPG): IPG is now a small ~1% position. It is a very long-term stake
established in 2011 and built-up in 2012 at a cost-basis in the low-teens. This
quarter saw a huge ~62% selling at prices between $22 and $25. The stock is now
at $22.69.
DeVry Education (DV):
DV is a 2.71% of the portfolio stake. The original position is from H2 2012 at
a cost-basis of ~$20 per share. This quarter saw a ~30% increase at prices
between $16 and $20 and the stock is now at $22.22.
Lions Gate Entertainment
(LGF): LGF is a 2.70% of the portfolio position established last quarter at
prices between $18.55 and $32.39 and increased by just over one-third this
quarter at prices between $19.55 and $23.43. The stock is now at $20.16. For
investors attempting to follow Fairpointe, LGF is a good option to consider for
further research.
Office Depot (ODP):
ODP is a 2.15% portfolio stake built-up over the last three quarters at prices
between $3.28 and $7.73. The stock currently trades at $3.66.
Below is a spreadsheet that highlights the changes to Thyra Zerhusen's
Fairpointe Portfolio US long stock portfolio as of Q2 2016. For a look at how the portfolio has progressed, see our previous update:
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