Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings filed by institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let麓s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Blackhill Capital Inc., a financial investment advisory firm headquartered in Morristown, N.J.
Recently the fund reported its equity portfolio, as at the end of last year. The total value of the portfolio amounted to $657.0 million, up from $621.2 million disclosed at the end of the previous quarter. Consequently, the fund's total return was 5.75% in the last quarter. The filing revealed that at the end of last year, the fund added 38 new positions to its equity portfolio, and sold out of two other companies. The top 10 portfolio holdings as of the end of the quarter represented 69.67%.The largest changes from previous 13-F fillings are in the health care sector (1%) followed by industrials and technological stocks (around 0.2% each).
Top 5 Tech Companies To Own In Right Now: Akbank TAS (AKBNK)
Akbank TAS (Akbank) is a Turkey-based commercial bank. The Bank operates in five segments: the Retail banking segment offers a range of retail services, such as deposit accounts, consumer loans, commercial installment loans, credit cards, insurance products and asset management services; the Corporate and Small and Medium Size Enterprises (SME) banking segment provides financial solutions and banking services to large, medium and small size corporate and commercial customers; the Treasury Activities segment conducts regional and foreign currency spot and forward transactions, treasury bonds, government bonds, Eurobond and private sector bond transactions, as well as derivative trading activities; the Private banking segment offers banking and investment transactions for upper-income groups, and the International banking segment provides services for foreign trade financing, foreign currency and Turkish Lira (TL) clearances, and money transfers through agent financial institutions. Advisors' Opinion:- [By Julia Leite]
Turkey�� equity benchmark rallied as Turkiye Garanti Bankasi AS and Akbank TAS (AKBNK) advanced at least 5.4 percent. The lira gained for the fourth day.
- [By Harry Suhartono]
The Borsa Istanbul National 100 Index jumped 3.7 percent, the most among major emerging-market gauges, as Akbank TAS (AKBNK) and Turkiye Halk Bankasi AS (HALKB) rallied. Benchmark measures in Poland and the Czech Republic added at least 0.5 percent, while Hungarian shares retreated for a fourth day.
Top 10 Financial Companies To Invest In Right Now: Nuveen Tax-Advantaged Total Return Strategy Fund (JTA)
Nuveen Tax-Advantaged Total Return Strategy Fund operates as a diversified and closed-end management investment company. The fund primarily invests in dividend-paying common stocks. It also invests in senior loans, U.S corporate bonds, notes and debentures, convertible debt securities, as well as high yield debt securities. Its portfolio primarily includes investments in oil and gas, diversified telecommunication, services, diversified financial services, tobacco, insurance, aerospace and defense, metals and mining, commercial banks, electric utilities, thrifts and mortagage finance, and paper and forest product sectors. Nuveen Tax-Advantaged Total Return Strategy Fund was organized in 2003 and is based in Chicago, Illinois.
Advisors' Opinion:- [By Dividends4Life]
According to a Gabelli Funds report, managed distribution policies offer several advantages, including:1. Lower difference between the fund�� market price and its NAV per share.2. Provides support during periods when the stock market is in a decline.3. Provides a measurable performance target for the investment adviser.Below are several high-yield funds from CEFA that have a managed distribution policy (yields as of December 16):Aberdeen Australia Eqty (IAF)- Distribution Yield: 10.4%- Income Yield: 3.46%Bexil Advisers LLC� (DNI)- Distribution Yield: 11.1%- Income Yield: 3.56%BlackRock En Capital&Inc (CII)- Distribution Yield: 8.78%- Income Yield: 2.34%Cornerstone Strat Value (CLM)- Distribution Yield: 18.77%- Income Yield: 1.83%Cornerstone Total Return (CRF)- Distribution Yield: 19.10%- Income Yield: 0.85%Delaware Inv Div & Inc (DDF)- Distribution Yield: 6.70%- Income Yield: 5.26%Gabelli Equity Trust (GAB)- Distribution Yield: 7.58%- Income Yield: 1.54%Gabelli Utility Trust (GUT)- Distribution Yield: 9.45%- Income Yield: 2.84%MFS Special Value Trust (MFV)- Distribution Yield: 9.60%- Income Yield: 5.73%Nuveen Tx-Adv TR Strat (JTA)- Distribution Yield: 6.70%- Income Yield: 3.12%TCW Strategic Income (TSI)- Distribution Yield: 10.54%- Income Yield: 7.88%Zweig Total Return (ZTR)- Distribution Yield: 7.27%- Income Yield: 1.95%As noted in the Gabelli report, a managed distribution policy may create confusion regarding the true current yield since the reported yield includes the return of capital portion. You can see the disparity above between the income yield and the distribution (reported) yield.If you are looking for a sustainable and growing dividend, you may want to consider some blue-chip dividend stocks such as these with a Free Cash Flow Payout less than 50%, 50+ years of consecutive dividend increases and a 2%+ yield:3M Co. (MMM) is a diversified global company provides enhanced product functionality in electronics, health care, industrial, consumer
Top 10 Financial Companies To Invest In Right Now: Wells Fargo Advantage Income Opportunities Fund (EAD)
Evergreen Income Advantage Fund (the Fund) is a diversified closed-end management investment company. The primary investment objective of the Fund is to seek a high level of current income.
During the fiscal year ended April 30, 2005, the Fund's investment portfolio included Marquee Holdings, Inc., Mediacom LLC, American Achievement Corp., CSK Auto, Inc., Oxford Industries, Inc., B&G Foods Holdings Corp. and Chiquita Brands International, Inc.
Advisors' Opinion:- [By Sarah Jones]
Daimler AG jumped 6.2 percent to 52.35 euros. The world�� third-largest maker of luxury cars posted second-quarter profit that beat analyst predictions following the sale of its final holding in the parent company of planemaker Airbus SAS. (EAD)
- [By Jim Jubak]
Precision Castparts' impressive growth in the June quarter was largely a result of acquisitions. Organic sales growth year over year came to just 2%. Most of the time I don't like growth stocks that are fueled by acquisition since these deals can hide the true (frequently negative) trend in core sales and earnings growth. But in the case of Precision Castparts, an acquisition strategy makes sense to me, because it is a reflection of what's going on in the aerospace sector. Companies like Boeing (BA) and Airbus (EAD) are looking to simplify their supply chain and to deal with fewer suppliers. Rolling up part of the supply chain under one roof, which is what Precision Castparts is doing right now, is a way to gain a bigger share of the business of these big end customers.
- [By Namitha Jagadeesh]
European Aeronautic, Defence & Space Co. (EAD) rose 1.8 percent to 47.28 euros, the highest price since it sold shares to the public in 2000. Deutsche Lufthansa AG split an order for 59 wide-body aircraft valued at $19 billion between EADS unit Airbus SAS and Boeing Co.
Top 10 Financial Companies To Invest In Right Now: Potlatch Corporation(PCH)
Potlatch Corporation operates as a real estate investment trust (REIT) that owns and manages timberlands located in Arkansas, Idaho, Minnesota and Wisconsin in the United States. The Resource Management Division manages its timberlands, harvests timber, procures other wood fiber, sells logs and leases land for hunting and other recreational activity. The Real Estate Division develops and sells land parcels, as well as invests in timberlands. The Wood Products Division manufactures lumber, plywood, and particleboard in Arkansas, Idaho, Michigan, and Minnesota. This segment's products are sold to wholesalers primarily for use in home building and other construction activities. Potlatch was founded in 1903 and is headquartered in Spokane, Washington.
Advisors' Opinion:- [By Dan Caplinger]
In Weyerhaeuser's report, watch for the company to discuss any plans for potential buyout activity. With tight supplies, smaller rivals Louisiana-Pacific (NYSE: LPX ) or Potlatch (NASDAQ: PCH ) might make good targets for the larger Weyerhaeuser or Plum Creek to look at for expansion. Even though those companies have seen their shares rise dramatically as well, it might be worth paying up in order to secure long-term assets that could produce strong growth for Weyerhaeuser.
Top 10 Financial Companies To Invest In Right Now: Tompkins Financial Corp (TMP)
Tompkins Financial Corporation (Tompkins) is a bank holding company. The Company is a locally oriented, community-based financial services company that offers an array of products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, insurance, and brokerage services. The Company operates in two segments: banking and financial services. Banking services consist primarily of attracting deposits from the areas served by the Company�� banking subsidiaries��45 banking offices and using those deposits to originate a variety of commercial loans, agricultural loans, consumer loans, real estate loans, and leases in those same areas. Financial services activities consist of the results of the Company�� trust, financial planning and wealth management services, broker-dealer services, and insurance and risk management operations. On June 1, 2011, its subsidiary, Tompkins Insurance Agencies, Inc. (Tompkins Insurance), acquired Olver & Associates, Inc. (Olver), a property and casualty insurance agency. In August 2012, it acquired VIST Financial Corp.
The Company maintains a portfolio of securities, such as obligations of the United States Government agencies and the United States Government sponsored entities, obligations of states and political subdivisions thereof, and equity securities. Tompkins provides a variety of financial services to individuals and small business customers.
Commercial Services
The Company�� subsidiary banks provide financial services to corporations and other business clients. Lending activities include loans for a variety of business purposes, including real estate financing, construction, equipment financing, accounts receivable financing, and commercial leasing. Other commercial services include deposit and cash management services, letters of credit, sweep accounts, credit cards, purchasing cards, Internet-based account services, and remote deposit ser! vices.
Retail Services
The Company�� subsidiary banks provide a variety of retail banking services, including checking accounts, savings accounts, time deposits, individual retirement accounts (IRA) products, brokerage services, residential mortgage loans, personal loans, home equity loans, credit cards, debit cards and safe deposit services. Retail services are accessible through a variety of delivery systems, including branch facilities, automated teller machines (ATMs), voice response, Internet banking, and remote deposit services.
Trust and Investment Management Services
The Company offers a range of financial services to customers, including trust and estate services, investment management, and financial and insurance planning. These services are offered through Tompkins Investment Services (TIS), a division of Tompkins Trust Company, and AM&M. Tompkins Financial Advisors has office locations at all three of the Company�� subsidiary banks, and provides a range of money management services, including investment management, trust and estate, financial and tax planning, as well as life, disability and long-term care insurance services.
Broker-Dealer Services
AM&M operates a broker-dealer subsidiary, Ensemble Financial Services, Inc. Ensemble Financial Services, Inc. is an outsourcing company for financial planners and investment advisors.
Insurance Services
The Company provides property and casualty insurance services and employee benefits consulting through Tompkins Insurance. Tompkins Insurance is an independent insurance agency. Tompkins Insurance has automated systems for record keeping, claim processing and coverage confirmation, and can provide insurance pricing comparisons from a range of insurance companies. Tompkins Insurance provides employee benefits consulting to employers in Western and Central New York, assisting them with their medical, group life insurance and group disability in! surance. ! In addition to its seven offices, Tompkins Insurance shares several offices with The Bank of Castile and The Trust Company. AM&M also provides insurance services for financial planning and wealth management clients, offering risk management plans using life, disability and long-term care insurance products.
Subsidiary Activities
The Company�� subsidiaries include: three wholly owned banking subsidiaries, Tompkins Trust Company (the Trust Company), The Bank of Castile, and The Mahopac National Bank (Mahopac National Bank); AM&M Financial Services, Inc., doing business as Tompkins Financial Advisors, a wholly owned and an investment advisor (AM&M), and a wholly owned insurance agency subsidiary, Tompkins Insurance. AM&M and the trust division of the Trust Company provides an array of investment services under the Tompkins Financial Advisors division, including investment management, trust and estate, financial and tax planning, as well as life, disability and long-term care insurance services. The Trust Company has a full-service office in Cortland, New York and a full-service office in Auburn, New York. Both of these offices are located in counties contiguous to Tompkins County. The Trust Company operates 15 banking offices, including two limited-service banking offices in the counties of Tompkins, Cortland, Cayuga and Schuyler, New York.
The Bank of Castile is a New York State-chartered commercial bank and conducts its operations through its 15 banking offices, in towns situated in and around the areas commonly known as the Letchworth State Park area and the Genesee Valley region of New York State. The Bank of Castile�� lending portfolio includes loans to the agricultural industry. The Mahopac National Bank (Mahopac National Bank) operates 15 banking offices, including one limited-service office in counties north of New York City. The 15 banking offices include five full-service offices in Putnam County, New York, three full-service offices in Dutchess County,! New York! , and six full-service offices, and one limited-service office in Westchester County, New York.
Tompkins Insurance Agencies, Inc. (Tompkins Insurance) offers property and casualty insurance to individuals and businesses primarily in Western and Central New York. AM&M Financial Services, Inc. (AM&M) offers financial services through three operating companies: AM&M Planners, Inc., which provides fee-based financial planning and wealth management services for corporate executives, small business owners and high-net-worth individuals; Ensemble Financial Services, Inc., an independent broker-dealer and outsourcing company for financial planners and investment advisors, and Ensemble Risk Solutions, Inc., which creates customized risk management plans using life, disability and long-term care insurance products. Tompkins Capital Trust I and Sleepy Hollow Capital Trust I are Delaware statutory business trusts.
Advisors' Opinion:- [By Marc Bastow]
Ithaca, N.Y.-based financial services company Tompkins Financial (TMP) raised its quarterly dividend 5.3% to 40 cents per share, payable Nov. 15 to shareholders of record as of Nov. 4.
TMP Dividend Yield: 3.25%
Top 10 Financial Companies To Invest In Right Now: INTL FCStone Inc.(INTL)
INTL FCStone Inc., together with its subsidiaries, provides foreign exchange and treasury, securities execution, physical commodities trading and execution, and structured over-the-counter commodity services worldwide. It offers commodity and risk management services; treasury, global payment, and foreign exchange services; and wholesale market making services in select foreign securities, as well as involved in the origination, structuring, and placement of an array of emerging market debt instruments in the international and domestic capital markets, and trades in various international debt instruments. The company also provides clearing and execution services related to exchange-traded futures and options for the institutional and professional trader market segments; asset management, and commodity financing and facilitation services; and investment banking advisory services. Its customers comprise the producers, consumers, recyclers, and investors in precious metals an d certain base metals; financial institutions, multi-national corporations, and governmental and charitable organizations; and broker-dealers, regional broker-dealers, commercial banks, institutional investors, and investment banks. The company was formerly known as International Assets Holding Corporation and changed its name to INTL FCStone Inc. in March 2011. INTL FCStone Inc. was founded in 1924 and is headquartered in New York, New York.
Advisors' Opinion:- [By RichardCox]
Most of the evidence supporting positions in SPY over QQQ can be seen in the earnings performance so far this season. In the S&P as a whole, roughly 3/4 of the reporting companies have posted results that are better than analyst estimates. When looking at revenues in isolation, slightly more than half of those companies have passed market projections. But these numbers would be much improved without the major earnings misses that have been seen in the large-cap tech space. Examples seen so far include Intel Corp.(INTL), Advanced Micro Devices (AMD), and, more recently, Google(GOOG), and Microsoft (MSFT).
Top 10 Financial Companies To Invest In Right Now: GreenHaven Continuous Commodity Index Master Fund (GCC)
GreenHaven Continuous Commodity Index Fund (the Fund), incorporated on October 27, 2006, is a statutory trust. The investment objective of the Fund and The GreenHaven Continuous Commodity Index Master Fund (the Master Fund) is to reflect the performance of the Index, over time, less the expenses of the operations of the Fund and the Master Fund. The Master Fund is a wholly owned subsidiary of the Fund and the Managing Owner. CSC Trust Company (the Trustee) is the sole trustee of the Fund and the Master Fund.
The Master Fund issues common units of beneficial interest, or Master Fund Units, which represent units of fractional undivided beneficial interest in and ownership of the Master Fund. The Fund invests substantially all of its assets in the Master Fund in a master-feeder structure. The Fund holds no investment assets other than Master Fund Units.
Advisors' Opinion:- [By Richard Stavros]
GreenHaven Continuous Commodity Index (GCC) is an exchange-traded fund that aims to track the Equal Weight Continuous Commodity Total Return Index (CCI-TR), which provides exposure to diversified commodities. The index is up 4.75% year-to-date, and up 24.63% over the last five years.
- [By Richard Stavros]
Whereas in the 1970s there were limited ways to hedge against inflation, now there is a cornucopia of currency and international commodities instruments that can not only hedge against inflation but other global shocks, such as market bubbles and even war.
And it is these very scenarios that investors have been worried about. Since the beginning of the year, stocks, bonds and just about any investment you can think of have gyrated wildly at various times amid concerns of war, inflation and the possibility that the U.S. equity market is overvalued and headed for a correction.
In response, some market analysts in Bloomberg news reports have offered any number of wildly unsubstantiated statements for why investors should ignore today’s perils. They dismiss the danger posed by Russia�� annexation of Ukraine�� Crimea region (��utin will stop short of other countries or war with the West��. They also argue that the Federal Reserve chairwoman misspoke (��anet Yellen really didn�� mean a rate hike is coming soon. Inflation is under control. It was a rookie mistake��.
For my money, here’s the most outrageous: The Shiller Cyclically adjusted P/E metric which has predicted the 1929, 2000 and 2007 downturns doesn�� apply (��uggests only a slightly expensive market with low to moderate returns going forward on average��.
With new records being set by the S&P 500 in the last few months, it stands to reason that some investors have not needed much convincing to stay all in and buying. This mindset has prevailed, even as the impact of a Russian war or conflict, runaway inflation or a market correction could be devastating to investor portfolios, taking years to recover.
If you��e never thought of certain investments as “insurance,” it�� time to start now. Protecting wealth is as important as building wealth. And as previously mentioned, we have found that the Inflation Survival Letter�� Thri
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