Alleghany Corp (Y) last Friday field its 13F-HR, its securities holdings report. There are 13 new holdings, though they are all quite small relative to their entire portfolio. However, I still would like to analyze further some of their new holdings.
What stands out most to me is that eight of these new holdings are related to the energy/oil/gas industries. In general, I think all these new holdings are in some way related to energy or construction. I guess this is not surprising considering the recent decline in oil and the sell-off of all oil- and energy-related companies.
The new holdings are (from largest to smallest investment):
- CBI - Chicago Bridge & Iron Co
- GLBL - Global Industries Ltd
- TRMA - Trico Marine Services Inc
- PBR - Petroleo Brasileiro
- KEGS - Key Energy Services Inc
- EOG - Eog Resources Inc
- FTK - Flotek Industries Inc
- MDR - Mcdermott International Inc
- PXP - Plains Exploration & Production Co
- STO - Statoilhydro ASA
- XTO - XTO Energy Inc
- CCJ - Cameco Corporation
- NS - Nustar Energy LP
I will most likely look closely at CBI, GLBL, and TRMA. Trico Marine in particular looks appealing since it has fallen quite a bit and its Chairman and CEO recently purchased 10,000 shares.
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