[ad_1]
Photography by Bill Pugliano / Getty Images
Text size
DuPont Capital is a triple-crown winner in the field of sound investments in US equities.
The asset manager's large cap, mid-cap and small cap strategies all outperform.
S & P 500,
S & P 400,
and
Russell 2000
since the dates of creation 25, 24 and 20 years ago, respectively, and all net fees.
In the first quarter, DuPont Capital sold all
General Electric
detained at the end of 2018 (symbol: GE). The asset manager also reduced its positions in
Intel
stock (INTC) and
Cisco Systems
(CSCO), while buying more
Procter & Gamble
stock (PG). DuPont Capital announced its holdings at the end of March in a form it filed with the Securities and Exchange Commission on Tuesday.
DuPont Capital declined to comment on the transactions. The company was founded nearly 80 years ago under the DuPont Pension Plan, one of the predecessor companies to
DowDuPont
(ticker: DWDP), of which DuPont Capital is now a unit.
DuPont Capital sold 95,923 GE shares in the first quarter, ending in March with none. GE's share price jumped on Tuesday with strong first quarter results and lower than expected cash consumption
The asset manager sold 49,378 Intel shares during the first three months of the year, reducing its stake to 178,766 shares. Shares of the chip giant plunged last week on disappointing prospects, but Intel's shares still show a gain of 8.8% for the year.
DuPont Capital sold 68,863 Cisco shares to close the first quarter with 581,749 shares in the network technology giant. Goldman Sachs records a further rise, even after the 29.1% annual rise in Cisco's share, to reach $ 55.95.
P & G shares rose 15.8% in 2019 and, with close at $ 106.48 on Tuesday, are just below the record high of $ 107.20 recorded on April 22nd.
The largest equity investment in DuPont Capital is its 12,780,670 shares of DowDuPont, valued at $ 491.4 million at Tuesday's close, which it held in the first quarter. According to S & P Capital IQ, it is the 20th largest shareholder of the DowDuPont Group. DowDuPont shares have maintained a 6.9% gain since the beginning of the year and the company announced its first quarter results on May 2nd.
Write to Ed Lin at [email protected]
[ad_2]
Source link