Birmingham Capital Management filed its recent SEC 13F filing on October 30, which acknowledges Caterpillar Inc. (NYSE:CAT), CBS Corporation (NYSE:CBS), General Electric Company (NYSE:GE) as its top stock holdings. Birmingham Capital Management has investments in excess of $263 million with its primary focus on industrial and energy investments.
Caterpillar Inc. (NYSE:CAT) is the top stock holding of Birmingham Capital Management with 88,865 shares of the company at current market value of $8.80 million. Caterpillar Inc. (NYSE:CAT) reported net revenues and sales of $13.54 billion with profit per share of $1.63 for its third quarter 2014. Some of the primary investors of Birmingham Capital Management include Bill & Melinda Gates Foundation Trust, KSA Capital Management, and Citadel Investment Group.
CBS Corporation (NYSE:CBS) is the second largest stock holding of Birmingham Capital Management, which owns 156,650 shares of the company with current market value of $8.38 million. CBS Corporation (NYSE:CBS) announced net revenue of $3.4 billion for its third quarter 2014 with adjusted EPS of 74 cents. Soroban Capital Partners, Brahman Capital, and Oz Management are among the primary investors of CBS Corporation (NYSE:CBS). (Click here to find out the complete list of hedge funds investing in CBS at the end of the second quarter)
General Electric Company (NYSE:GE) comes at number three in Birmingham Capital Management’s portfolio with 314,991 shares of the company at current market value of $8.07 million. Earlier, this month General Electric Company (NYSE:GE) introduced “connected home” products with its technology partner Quirky. These products include retail items that offer remote temperature and energy control, water leakage, door and window controls.
The announcement might seem countering GE’s earlier decision to sell its consumer-electronics business for $3.3 billion earlier this year. General Electric Company (NYSE:GE) called these partnerships as a mean to continue its product line in the market while focusing towards industrial products.
This article has been written by Prakash Pandey.