InterDigital Inc (IDCC): FPA Capital Fund .....During the quarter...

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Friday, 07/12/2019 2:07:51 PM

Friday, July 12, 2019 2:07:51 PM

FPA Capital Fund .....During the quarter, the fund beefed up several positions, including MKS Instruments Inc. (NASDAQ:MKSI), Cheesecake Factory Inc. (NASDAQ:CAKE), Valmont Industries Inc. (NYSE:VMI), InterDigital Inc. (NASDAQ:IDCC) and others. It also trimmed its holdings of Western Digital Corp. (NASDAQ:WDC), Avnet Inc. (NASDAQ:AVT) and Frank’s International NV (NYSE:FI), among others.

FPA Capital’s $169 million equity portfolio is composed of 25 stocks. The four largest sectors represented are technology, industrials, consumer cyclical and energy. According to the fund’s website, it underperformed the Russell 2500 in 2018 with a return of -17.61%. The index posted a -10% return.

https://www.gurufocus.com/news/907961/fpa-capital-fund-buys-1-sells-2-in-2nd-quarter/r/caf6fe0e0db70d936033da5461e60141

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