What These $14 Billion Managers Have Been Buying

Every quarter, many money managers have to disclose what they've bought and sold, via "13F" filings. Their latest moves can shine a bright light on smart stock picks. Today, let's look at Westfield Capital Management, an investment advisor serving institutions and wealthy investors. It employs deep fundamental research as it seeks out stocks that are underloved by the market, and its funds have outperformed their benchmarks, on average, since inception. The company's reportable stock portfolio totaled $13.8 billion in value as of Dec. 31, 2012.

The biggest new holdings are Kraft Foods and Mondelez International, recently spun off from Kraft. Other new holdings of interest include American Capital Agency (NASDAQ: AGNC ) , which recently offered investors a mind-boggling dividend yield above 15%. There are concerns that the dividend may get reduced, but that might not happen for a while. Among holdings in which Westfield increased its stake were Cirrus Logic (NASDAQ: CRUS ) and Skyworks Solutions (NASDAQ: SWKS ) . Semiconductor chip designer Cirrus depends on Apple for much of its revenue, as its chips are in almost every iProduct.

Source: Motley Fool

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