Norman Fields Gottscho Capital Management, LLC is a portfolio management firm that evaluates investment opportunities based on their future performances and sales, and whether investors will earn from such activities. The firm submitted its SEC 13F filings on October 14. The filing is for the firm’s third quarter, covering the period ending September 30, 2014. Visa Inc (NYSE:V), Costco Wholesale Corporation (NASDAQ:COST), and International Business Machines Corp. (NYSE:IBM) emerged the firm’s top three investments based on the filings.
Visa Inc (NYSE:V) was the topmost investment of Norman Fields Gottscho Capital Management with a value of $9.8 million. This is a multinational premier payments solutions company with its headquarters in Foster City, California. The company’s fourth quarter earnings beat estimates by up to $40 million. Visa Inc registered $12.7 billion in revenue, which represents 8% increase compared to 2013. Its subsidiaries are Authorize.Net, PaySpan, CyberSource and Visa Canada.
The second highest investment of Norman Fields Gottscho Capital Management was Costco Wholesale Corporation (NASDAQ:COST). The company accounted for $7.98 million. It’s a members-only warehouse that operates in several different countries. They sell an assortment of products that include electronics, computers, beauty products, auto, office products and several other product categories. The company’s top three institutional shareholders are Vanguard Group, Inc., Capital World Investors, and State Street Corp.
International Business Machines Corp. (NYSE:IBM), popularly known as IBM, emerged as the third biggest investment of the firm with an investment value of $7.79 million. The company is a world renowned manufacturer of computer products. The company also offers software and technology consultancy to businesses. IBM is teaming up with Twitter for a tweets analysis project that will see the reports from such analyses used in making better business decisions. Its subsidiaries include SoftLayer, FileNet, Cognos, Lotus Software, among others. The company’s institutional shareholders include Warren Buffet’s Berkshire Hathaway Inc, Vanguard Group, Inc., and State Street Corp.
This article has been written by Victor Ochieng.