Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Technical Analysis

Top 10 Ultimate Stock-Picker High-Conviction and New-Money PurchasesWhen we relaunched the Ultimate Stock-Pickers concept in April 2009, our primary goal was to uncover investment ideas that not only reflected the most recent transactions of some of the top investment managers in the business but were timely enough for investors to get some value from them. By crosschecking the most current valuation work and opinions of Morningstar's cadre of stock analysts against the actions of some of the best equity managers in the industry, we hoped to uncover a few good ideas each quarter.With more than 85% of our Ultimate Stock-Pickers having reported their holdings for the third quarter of 2015, and the market correction during the period affording many of them with an opportunity to put capital to work, we've got a pretty good sense of what stocks they have been buying during the past several months.<ul><li>While our top managers have been buying fewer stocks with conviction, they continue to focus more heavily on firms with economic moats.</li><li>Lower levels of portfolio turnover resulted in fewer overlapping conviction purchases. This has been the trend for much of the last nine calendar quarters</li><li>High-conviction purchases not as heavily supported by new-money activity. Just tree of the top 10 (and 10 of the top 25) high-conviction purchases during the period</li><li>much as we've seen during past periods, there were a fair number of outright sales in the quarter&mdash;most of which were driven by valuation as opposed to changes in opinion.&nbsp;Outright sales focused more heavily on individual industrials and energy stocks.</li></ul>Analyst: Greggory Warren, CFA

Top 10 Ultimate Stock-Picker High-Conviction and New-Money PurchasesWhen we relaunched the Ultimate Stock-Pickers concept in April 2009, our primary goal was to uncover investment ideas that not only reflected the most recent transactions of some of the top investment managers in the business but were timely enough for investors to get some value from them. By crosschecking the most current valuation work and opinions of Morningstar's cadre of stock analysts against the actions of some of the best equity managers in the industry, we hoped to uncover a few good ideas each quarter.With more than 85% of our Ultimate Stock-Pickers having reported their holdings for the third quarter of 2015, and the market correction during the period affording many of them with an opportunity to put capital to work, we've got a pretty good sense of what stocks they have been buying during the past several months.While our top managers have been buying fewer stocks with conviction, they continue to focus more heavily on firms with economic moats.Lower levels of portfolio turnover resulted in fewer overlapping conviction purchases. This has been the trend for much of the last nine calendar quartersHigh-conviction purchases not as heavily supported by new-money activity. Just tree of the top 10 (and 10 of the top 25) high-conviction purchases during the periodmuch as we've seen during past periods, there were a fair number of outright sales in the quarter&mdash;most of which were driven by valuation as opposed to changes in opinion.&nbsp;Outright sales focused more heavily on individual industrials and energy stocks.Analyst: Greggory Warren, CFA

General Electric

Our Ultimate Stock-Pickers Top 10 High-Conviction Purchases