Jeff Auxier-led Auxier Asset Management stated in its latest 13F filing with SEC that it opened three new positions, exited four stocks, bought additional shares in 23 stocks and reduced holdings in 37 stocks during the third quarter. The Lake Oswego, Oregon-based investment firm’s market value increased from $413 million to $432 million in Q3. Its top ten holdings account for 25.60% of its portfolio. Go here to see Jeff Auxier’s third quarter commentary on investing in Europe.
Auxier’s top holdings
Molson Coors Brewing Company (NYSE:TAP) is the largest holding of Auxier Asset Management. It makes up 3.44% of the investment firm’s portfolio. The investment firm owns 296,339 shares of the company, valued at $14.85 million. PepsiCo, Inc. (NYSE:PEP) is the second-largest holding, accounting for 3.27% of its portfolio. Auxier owns 177,947 shares of the soft drink maker that have a market value of $14.14 million. The next biggest investment is Philip Morris International Inc. (NYSE:PM). Auxier owned 158,439 shares of the tobacco company with a valuation of $13.71 million. The Bank of New York Mellon Corporation (NYSE:BK) is its fourth-largest investment, accounting for 2.49% of its portfolio. Auxier owned 355,754 shares of the bank at the end of September 30.
Auxier’s major new positions
During the quarter, Auxier Asset Management opened three new positions. It purchased 13,290 shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) (ASX:FOX) for $445,000. Another major addition was Safeway Inc. (NYSE:SWY), in which Auxier purchased 6,516 shares. The third new stock was Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB). Auxier bought 1,474 shares of the media company during the quarter.
Major positions closed
Auxier Asset Management sold out four stocks during the quarter. It sold all 13,290 shares of News Corp (NASDAQ:NWSA) (NASDAQ:NWS) that it owned. Auxier Asset Management also offloaded 12,578 shares of BioScrip Inc (NASDAQ:BIOS). Another major position closed during the quarter was Granite Construction Inc. (NYSE:GVA) in which the investment firm held 7,400 shares prior to the quarter. The investment firm also had a small stake in Dell Inc. (NASDAQ:DELL) that it sold during the quarter. Auxier Asset Management owned 11,927 shares of the computer maker prior to the quarter.