Today we are going to take a look at Insider Monkey’s latest article, John Roger’s top 5 stock picks. If you want to skip our short summarize, please click and jump to see the original article John Roger’s top stock picks. Who is John Washington Rogers? Well, he is a real legend, as he is a famous investor and hedge fund manager, who established Ariel Investments in 1983. The fund is headquartered in Illinois and has more than $8.9 billion in managed securities. Roger, who is among the few black American hedge fund managers, is his early 60s now, and lately founded Ariel Alternatives, a fund that will invest in sustainable minority-owned businesses.
So which are his top stock picks? Well, keep up reading as we have brought three companies of Insider Monkey’s compilation. Envista Holdings Corporation ranks fifth in his portfolio with a value of $238,746,000. Rogers changed his position in the company by 3%, so currently Envista represents 2.7% of his 13F portfolio. Envista Holdings Corp. is headquartered in California and offers important materials for dental services. The company’s net income was $108.4 million in the last quarter of 2020, in other words it was $0.64 per diluted share. At the end of December 2020, there were 33 hedge funds having stakes in the company, while a quarter earlier this number was only 20. Harris Associates is the largest stakeholder in the company, with owning with 8.3 million shares, at a value of $278.5 million. Envista Holdings Corporation is followed by Mattel, Inc. on the fourth spot with a value of $277,922,000. Rogers changed his position in the company by -7%, so currently Envista represents 3.1% of his 13F portfolio. Mattel Inc. is also headquartered in California and is engaged in manufacturing and trading toys. Its major brands are Barbie, Hot Wheels, Matchbox, Polly Pocket, Star wars, UNO and Toy Story. As of the Q4 in 2020, the company reported a net income of $130.5 million. Southeastern Asset Management is largest stakeholder with having 17.4 million shares at a value of $303.9. Philip Morris International Inc. stands on the second spot of Rogers’ portfolio with a value of $365,017,000. Rogers changed his position in the company by -3%, so currently Envista represents 4.1% of his 13F portfolio. Philip Morris Inc is headquartered in New York City, with a market cap of $133.67 billion and a net revenue of $7.44 billion. According to Insider Monkey, there were 52 long hedge funds in the company at the end of Q4 2020, while a quarter earlier there were 50 funds. Terry Smith’s Fundsmith LP is the largest stakeholder with owning 19.5 million shares, at a value of $1.6 billion.