Een overgewaarde aandelenmarkt maakt het voor de ultieme aandelenbeleggers lastig om aantrekkelijke aandelen te vinden. Hun aan- en verkoopactiviteit was in het eerste kwartaal dan ook erg laag. Toch kochten ze met overtuiging aandelen Unilever, Diageo, Zoetis en Citigroup bij.

1. Morningstars Ultimate Stock-Pickers
Top 10 High-Conviction aankopen in eerste kwartaal
Bron: Morningstar 15/5/2014

2. 10. Exco – XCO
Fair Value
-
Fair value uncertainty
-
Moat
-
Moat Trend
- Bron: Morningstar 15/5/2014
Morningstar Rating
-
# Funds Buying
1

3. 9. Zoetis – ZTS
Fair Value
USD 24,00
Fair value uncertainty
Medium
Moat
Wide
Moat Trend
Stable Bron: Morningstar 15/5/2014
Morningstar Rating
QQ
# Funds Buying
1

4. 8. CSX – CSX
Fair Value
USD 31,00
Fair value uncertainty
Medium
Moat
Wide
Moat Trend
Stable Bron: Morningstar 15/5/2014
Morningstar Rating
QQQ
# Funds Buying
1

5. 7. Chevron – CVX
Fair Value
USD 132,00
Fair value uncertainty
Low
Moat
Narrow
Moat Trend
Negative Bron: Morningstar 15/5/2014
Morningstar Rating
QQQQ
# Funds Buying
1

6. 6. Procter&Gamble – PG
Fair Value
USD 89,00
Fair value uncertainty
Low
Moat
Wide
Moat Trend
Negative Bron: Morningstar 15/5/2014
Morningstar Rating
QQQQ
# Funds Buying
2

7. 5. Praxair – PX
Fair Value
USD 130,00
Fair value uncertainty
Medium
Moat
Wide
Moat Trend
Stable Bron: Morningstar 15/5/2014
Morningstar Rating
QQQ
# Funds Buying
2

8. 4. Citigroup – C
Fair Value
USD 48,00
Fair value uncertainty
Medium
Moat
Narrow
Moat Trend
Stable Bron: Morningstar 15/5/2014
Morningstar Rating
QQQ
# Funds Buying
2

9. 3. Accenture – ACN
Fair Value
USD 81,00
Fair value uncertainty
Medium
Moat
Wide
Moat Trend
Stable Bron: Morningstar 15/5/2014
Morningstar Rating
QQQ
# Funds Buying
2

10. 2. Diageo – DGE
Fair Value
GBX 1.950,00
Fair value uncertainty
Medium
Moat
Wide
Moat Trend
Stable Bron: Morningstar 15/5/2014
Morningstar Rating
QQQ
# Funds Buying
2

11. 1. Unilever – UNA
Fair Value
EUR 33,00
Fair value uncertainty
Medium
Moat
Wide
Moat Trend
Stable Bron: Morningstar 15/5/2014
Morningstar Rating
QQQ
# Funds Buying
3

12. Overzicht
Top 10 High-Conviction Purchases made by the Ultimate Stock-Pickers
Morningstar Size of Fair Koers/ Fair Value # Funds Ticker
Onderneming Rating Moat Value fair value Uncertainty Buying
1 Unilever QQQ wide EUR 33,00 0.99 medium 3 UNA
2 Diageo QQQ wide GBX 1950,00 1.00 medium 2 DEO
3 Accenture QQQ wide USD 81,00 0.97 medium 2 ACN
4 Citigroup QQQ narrow USD 48,00 0.97 high 2 C
5 Praxair QQQ wide USD 130,00 1.00 medium 2 PX
6 Procter & Gamble QQQQ wide USD 89,00 0.90 low 2 PG
7 Chevron QQQQ narrow USD 132,00 0.94 low 1 CVX
8 CSX QQQ wide USD 31,00 0.94 medium 1 CSX
9 Zoetis QQ wide USD 24,00 1.27 medium 1 ZTS
10 Exco (niet in universum aandelenanalisten Morningstar) 1 XCO
(Bron: Morningstar 15/5/2014)