Bristol John W & Co. is an independent investment adviser company that established in 1954. The company focuses on tax-exempt portfolios with the primary focus being foundations and endowments. It’s based in New York, United States. Bristol John W & Co. currently boasts of 87 clients and is managing up to $6.1 billion. According to the firm’s most recent SEC 13F filing on October 10, 2014, its primary stock holdings are Nestle SA ADR, Johnson & Johnson (NYSE:JNJ) and Microsoft Corporation (NASDAQ:MSFT).
At the end of the third quarter, Nestle SA ADR was the primary investment of Bristol John W & Co. with investment worth $187.3 million. Nestle SA ADR has a goal of providing the best tasting, and the most nutritious foods, and beverages to its consumers. The company reported reduced sales at the end of its third quarter, leading to a slump in the company shares. The Ebola situation in West Africa has brought the company’s cocoa supplier under serious threat, something that’s likely to affect the stock even further. The company is a multinational company with several subsidiaries such as Dreyer’s, Buitoni, Osem, Jenny Craig, Inc. and more. Some of the company’s holdings are Norges Bank Investment Management, Massachusetts Financial Services Co., and The Vanguard Group, Inc.
Johnson & Johnson (NYSE:JNJ) emerged as the second largest investment of Bristol John W & Co. with investment worth $177 million. The company is a U.S. based multinational medical device, consumer packaged goods manufacturer and a pharmaceutical goods producer. It operates as a holding company. In October, it made an announcement of purchasing Alios Biopharma at a price of $1.75 billion in cash. The company has for a third time raised its forecast for its fourth quarter earnings, which is attributed to its Hepatitis C drug. The company’s top three shareholders are The Vanguard Group, Inc., SSgA Funds Management, Inc., and BlackRock Fund Advisors.
Microsoft Corporation (NASDAQ:MSFT) came in the third place as the investment of Bristol John W & Co. with investment worth $161 million. The American multinational corporation develops, manufactures, licenses, sells and supports computer software and other electronic services. It’s the world’s largest software developer. Some of the company’s subsidiaries include Nokia, Mojang, InMage, SyntaxTree and Capptain. The company has stakes in Barnes & Noble, Toyota Media Service Corp, Facebook Inc., Best Buy, and several others.
This article has been written by Victor Ochieng.
Read: Warren Buffett and Billionaires Are Crazy About These 7 Stocks