Skip to Content
Investing Specialists

Ultimate Stock-Pickers' Top New Money Purchases

Digging deeper into Becton, Dickinson and other new money purchases by our top managers.

Mentioned: , , , ,

By Bradley Meeks | Stock Analyst

As you may recall, during our recent breakdown of the top purchases and sales by our Ultimate Stock-Pickers, we highlighted the fact that  Becton, Dickinson and Company (BDX) stood out from the other top purchases not only because it was bought with conviction but because it was a new money purchase for three of the four managers buying the stock. We believe that portfolio managers send signals about how they feel about a particular stock by the amount of money they're willing to commit to it at any given time, which is why we focus on both purchases and sales by our top managers. Much as we assess the relative attractiveness of an individual security by how many funds hold it, whether or not their managers have been adding to or subtracting from their positions, and the percentage each security makes up of a portfolio, we also like to look at new money purchases and outright sales, which we feel offer additional insight into the thinking of managers about their holdings.

Sifting through the most recent holdings and transactions of the top managers in our Investment Manager Roster we've put together a list of new money purchases by our managers.

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