Bestinfond's Top 5 New Buys in the 4th Quarter

Bestinfond (Trades, Portfolio), the Spanish fund formerly run by Francisco Garcia Parames (Trades, Portfolio), disclosed this week that its top five new buys during fourth-quarter 2019 were in Tencent Holdings Ltd. (HKSE:00700)(TCEHY), GrubHub Inc. (NYSE:GRUB), ArcelorMittal SA (LUX:MTL), South32 Ltd. (LSE:S32) and Aperam SA (LUX:APAML).

• Warning! GuruFocus has detected 5 Warning Signs with TCEHY. Click here to check it out.
• TCEHY 30-Year Financial Data
• The intrinsic value of TCEHY
• Peter Lynch Chart of TCEHY

Currently managed by Beltran de la Lastra, the fund seeks long-term capital appreciation through an investing approach that combines the Austrian theory of economic cycles with key value investing principles from Ben Graham, Peter Lynch and Berkshire Hathaway Inc. (BRK.A)(BRK.B) co-managers Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio).

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Disclosure: No positions.

Read more here:

• Francisco Garcia Parames' New Buys for the 4th Quarter
• Yacktman Asset Management's Top 4 Buys in the 4th Quarter
• Value Screeners Seek Good Opportunities Ahead of Valentine's Day

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This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 5 Warning Signs with TCEHY. Click here to check it out.
• TCEHY 30-Year Financial Data
• The intrinsic value of TCEHY
• Peter Lynch Chart of TCEHY