West Coast Asset Management has current portfolio of $53 million with Johnson & Johnson (NYSE:JNJ), Kimberly Clark Corp (NYSE:KMB), Microsoft Corporation (NASDAQ:MSFT) as its top three stock holdings, as per its recent SEC 13F filing on October 14, 2014. Its primary investments are in consumer staple industry and its top 10 stock holdings account for 80.75% of its current portfolio.
Johnson & Johnson (NYSE:JNJ) is the top stock holding of West Coast Asset Management with 57,868 shares of the company at current market value of $6.16 million. Johnson & Johnson (NYSE:JNJ) announced investment of $200 million to speed the development of Ebola Vaccine Program at Janssen Pharmaceutical Companies. Earlier, IMBRUVICA™, manufactured by Johnson & Johnson for treating blood cancer, was approved by the European Commission for the treatment of two different forms of blood cancer.
Kimberly Clark Corp (NYSE:KMB) is the second largest stock investment of West Coast Asset Management, which owns 46,966 shares of the company at present market value of $5.05 million. Kimberly Clark Corp (NYSE:KMB) reported net sales of $5.4 billion in its third quarter 2014 with diluted net income per share of $1.50. Diamond Hill Capital ($223 million) is the largest investor of Kimberly Clark Corp (NYSE:KMB) followed by Aqr Capital Management ($169 million) and Renaissance Technologies ($149 million).
Microsoft Corporation (NASDAQ:MSFT) comes at number three in West Coast Asset Management’s portfolio with 105,183 shares of the company at current market value of $4.87 million. The Windows maker announced partnership with Dropbox to offer editing and file sharing services to its customer’s right from the document itself. Further, Dropbox would redirect users towards the Office apps from Microsoft Corporation (NASDAQ:MSFT). The tech giant has increased its focus towards cloud services and the revenue it generates from the mobile industry. The company has registered increase in its cloud revenue during its recent quarter.
This article has been written by Prakash Pandey.