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).
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).
637644af25461364d09f30e95b399133.png
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
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here
This article first appeared on GuruFocus.