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Fund manager reveals top 5 “overweight” holdings

Some investors like to scour the top holdings of professional investors for potential investment ideas and Sydney-based Perennial Funds Management recently revealed the top 5 holdings of its actively managed Perennial Value Active Plus Shares Trust.

It’s worth noting the fund is 2.3% behind its benchmark the S&P/ ASX300 Accumulation Index over the past 3 years and 2.2% behind the index since inception.

As such investors shouldn’t take professional investors’ share picks as sure things, but it can be worth looking to see what different fundies like.

So let’s take a look at Perennial’s active Australian equities fund’s top five holdings.

Tabcorp Holdings Ltd (ASX: TAH) is the over the counter and online gambling business that this week reported a half year profit of $182 million on revenue of $2,787 million. The stock is up 5% over the past year.

Woodside Petroleum Limited (ASX: WPL) is the WA-based onshore and offshore oil and LNG giant explorer and producer. This week it reported a half year profit of $1,364 million on revenue of $5,240 million, the stock is up 28% over the past year.

Aristocrat Leisure Limited (ASX: ALL) is the pokie machine manufacturer due to report its half year results later this month. It’s a highly valued growth share up 3% over the past year.

Janus Henderson Group (ASX: JHG) is the UK and Denver USA-based equities and fixed income business that has taken a battering partly on the back of Brexit and weak UK equity markets. The stock is down 27% over the past year.

News Corp (ASX: NWS) is the global multi-media giant that part owns online real estate group REA Group Limited (ASX: REA). The share price is down close to 15% over the past year.

That’s a well diversified selection of companies across different sectors and most professional or mum and dad investors should appreciate the benefits of diversification.

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Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned.

You can find Tom on Twitter @tommyr345

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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