First Eagle Investment (Trades, Portfolio) has recently expanded its investment portfolio with a significant addition of shares in C.H. Robinson Worldwide Inc (NASDAQ:CHRW). The firm's investment philosophy is rooted in a value-oriented approach, focusing on absolute long-term performance and capital preservation over short-term index movements.
On December 31, 2023, Pzena Investment Management, LLC, led by value investing stalwart Richard Pzena (Trades, Portfolio), bolstered its position in Avnet Inc (NYSE:AVT) by adding 21,186 shares. This transaction expanded the firm's total holdings in Avnet to 8,751,446 shares, marking a significant vote of confidence in the electronic components distributor.
Despite the reduction, IPG Photonics Corp still constitutes 1.2% of First Eagle Investment (Trades, Portfolio)'s portfolio, with the firm holding a 9.07% stake in the company. Warning! GuruFocus has detected 5 Warning Signs with IPGP.
On December 31, 2023, Pzena Investment Management, LLC, led by Richard Pzena (Trades, Portfolio), reported a reduction in its holdings of JELD-WEN Holding Inc (NYSE:JELD). Following this transaction, the firm's total share count in JELD-WEN stands at 7,347,195, which represents a 0.6% portfolio position and an 8.60% stake in the company. Richard Pzena (Trades, Portfolio) is the founder and Co-Chief Investment Officer of Pzena Investment Management, LLC, established in 1995.
Prem Watsa (Trades, Portfolio)'s firm, Fairfax Financial Holdings, has recently made a significant addition to its investment portfolio by increasing its stake in Orla Mining Ltd (ORLA). This move underscores the firm's confidence in the gold and silver exploration company, which has been a part of its holdings for some time. The specifics of this transaction reveal a strategic bet on the mining sector, particularly in the gold and silver segments where Orla operates.