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Investing Specialists

Ultimate Stock-Pickers: Top 10 Buys and Sells

The downturn in the global equity markets provided our top managers with the opportunity to add to existing holdings and make new-money purchases.

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By Greggory Warren, CFA | Senior Stock Analyst

As we noted in our last article, our primary goal with the Ultimate Stock-Pickers concept is to uncover investment ideas that not only reflect the most recent transactions of some of the top investment managers in the business, but are timely enough for investors to get some value from them. Based on that early read of the buying and selling activity of our top managers during the third quarter, we noted that the ongoing trend of high-conviction purchases of firms with economic moats trading at reasonable prices, as well as the trend of selling off portions of holdings that had met or exceeded estimates of intrinsic value, had continued during the period. Now that we have all of the holdings of our top managers  under wraps, we can add more color to our initial findings.

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.