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Investing Specialists

More Buy Ideas from Our Ultimate Stock-Pickers

We found some nuggets in the most recent holdings, purchases, and sales of our top managers.

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By Greggory Warren, CFA | Stock Analyst

After the carnage of the second half of 2008, the first quarter of this year seemed a bit tamer. While the market (as represented by the S&P 500 Index (SPX)) did decline nearly 20% during the first two months of the year, it rebounded close to 10% during March and closed out the quarter down less than 12%. Compared with a more than 20% decline in the fourth quarter (and a nearly 30% decline during the second half of last year), this was a marked improvement. With the market's March rally extending into April and May, the index increased another 15%, putting it back where it was at the beginning of the year. Against this backdrop, our managers were once again actively buying and selling securities, either adding to or subtracting from their existing positions, or building positions in new names.

Given the dramatic rise in the markets over the last couple of months, there were few investable ideas left in the Ultimate Stock-Pickers' list of top purchases. As such, we've chosen to take a deeper look at the top 10 holdings of the managers in our Investment Manager Roster, where we've found more than a handful of stock ideas that our analysts currently believe are buyable. We'll follow that up with insight into some of the more interesting things that popped up in the top purchases and sales.

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The Morningstar Ultimate Stock-Pickers Team does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.