Eclectica Asset Management has released its quarterly 13F report. In this article, we will quickly go through the fund management firm’s latest strong positions. Asset Management group has biggest positions in Altria Group Inc (NYSE:MO), Reynolds American, Inc. (NYSE:RAI) and Philip Morris International Inc. (NYSE:PM).
Altria Group Inc (NYSE:MO) is the biggest position held by Eclectica Management Group. It has 83,900 shares of the company according to the latest report. This holding is worth around $3 million. Last quarter, the asset management firm had no holding on Altria Group Inc (NYSE:MO). This is a new stock purchase form the group. Among other shareholders of Altria Group Inc (NYSE:MO) include David Winters’s Wintergreen Advisers. The Cigarette maker reported its last purchase back in 2013. The stock was sold by Craig Johnson at $40 per share price.
Reynolds American, Inc. (NYSE:RAI) is the second biggest position in Eclectica Management Group. It has 61,600 shares of the company worth around $3 million. Last quarter, the management group had no holding on this stock. This shows that the investment group is changing its holding strategies over the time as most of its biggest positions are in new stocks. David Harding’s Winton Capital Management is one of the other biggest shareholders of Reynolds American, Inc. (NYSE:RAI).
Philip Morris International Inc. (NYSE:PM) is the third biggest position held by Eclectica Management Group. It has 42,400 shares of the company worth around $3 million. Last quarter, it had not holding on Philip Morris International Inc. (NYSE:PM). Among other stock holders of the company include Andy Brown’s Cedar Rock Capital. The stock was sold by Frederic Wilde back in October at a share price of $88.
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