Diversification is the Word for Richard Chilton in Q4

Diversification is the Word for Richard Chilton in Q4

With 171 equity allocations according to his last 13F filing, Richard Chilton has an especially diversified portfolio. Here’s a look at what he had going on in Q4.

Richard Chilton’s New Acquisitions

Chilton bought into 39 new companies in a wide range of sectors during the quarter in question. The new entries, though small in absolute terms, are significant. In fact, just two of them pass the 1% allocation mark: Colgate-Palmolive Company (NYSE:CL) and Abbott Laboratories (NYSE:ABT).

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Colgate-Palmolive is a household name, as the company is behind some of the best-known brands in the world. Chilton picked up 744,500 CL shares, a 1.41% stake. The company is up +5.77 since the start of Q4 and +8.4% over the past year.

Healthcare company Abbott now comprises 1.13% of Richard Chilton’s fund and is apparently having a good run, up +20.37% since the start of Q4 and +15.23% over the past 365 days. Daniel Loeb and George Soros are also investors.

Richard Chilton’s Increased Positions

Chilton increased his stakes in 33 companies, which now represent a combined 36.40% of his holdings. The investor upped his positions in iBillionaire Index assets Mastercard Inc (NYSE:MA) and Wells Fargo & Co (NYSE:WFC), as well as  big names Anheuser Busch Inbev SA (ADR) (NYSE:BUD), Diageo plc (ADR) (NYSE:DGE) and The Walt Disney Company (NYSE:DIS).

Also on the billionaire’s agenda was W.R. Grace & Co. (NYSE:GRA), in which he now has a 7.12% allocation (compared to 5.99% in Q3). A mid-cap chemical company that produces specialty materials, GRA emerged from more than 12 years of bankruptcy in early February. The company’s share price is up +16.99% since October and +3308.33% over the past 10 years. Tiger Global and Ray Dalio have stakes in GRA as well.

Richard Chilton’s Decreased Positions

Last quarter, Richard Chilton decreased his stakes in 92 companies – more than 50% of all of his allocations.

He scaled back his second and third largest positions, Dollar General Corp. (NYSE:DG) – an iBillionaire Index constituent – and Sherwin Williams (NYSE:SHW). They now compose 3.70% and 3.35% of his fund, respectively, down from 4.07% and 3.97% the previous quarter.

Richard Chilton’s Sold Out Positions

Richard Chilton cashed out 14 positions during Q4, wiping out 5.43% of his portfolio. Among the stocks he let go of were Copa Holdings, S.A. (NYSE:CPA) and Genesco Inc. (NYSE:GCO).

See Richard Chilton’s entire portfolio here.

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