Minneapolis Portfolio Management Group, LLC, is a portfolio management firm founded in 1995. The firm actively manages separate accounts for families, individuals, retirement funds, trusts, and institutions. Minneapolis Portfolio Management Group, LLC, submitted its SEC 13F Filings for the third quarter on November 4, 2014, covering the period ended September 30, 2014. According to the filings, its top three biggest holdings are Intel Corporation (NASDAQ:INTC), NCR Corporation (NYSE:NCR), and E I Du Pont De Nemours And Co (NYSE:DD).
Intel Corporation (NASDAQ:INTC) came out as the biggest investment of Minneapolis Portfolio Management Group, LLC, with investment worth a total of $54.1 million. Intel Corporation (NASDAQ:INTC) is a Santa Clara, California-based company renowned for the manufacture of computer components such as microprocessors, chipsets, flash memory products, among several other products. The company has been able to get new partners in China that are expected to begin using Intel Chips in a few years and to abandon its rival ARM Holdings. The topmost institutional shareholders of Intel Corporation (NASDAQ:INTC) are Vanguard Group, Inc., State Street Corp, and BlackRock Fund Advisors.
NCR Corporation (NYSE:NCR) was the second largest investment of the firm with investment worth $47.5 million. NCR Corporation (NYSE:NCR) is a computer hardware, electronics, and software company based in Duluth, Georgia. Some of the company’s products include ATMs, Point of Sales (Hardware and Software), and airport self service outlets. NCR Corporation (NYSE:NCR) is planning to integrate Bitcoin payments before the end of the year. This is seen as a strategy to capture more of the small businesses that are intent on roping in the fast growing Botcoin exchange service. The company carries out several services and produces a number of products through its subsidiaries such as Retalix Ltd., Quantor Corp, First Level Technology LLC, Data Pathing Incorporated, just to mention a few.
E I Du Pont De Nemours And Co (NYSE:DD) emerged as the third biggest investment of Minneapolis Portfolio Management Group, LLC, accounting for $44.7 million worth of investment. E I Du Pont De Nemours And Co (NYSE:DD) is an American chemical company that was originally founded as a gun powder. The company, commonly referred to as DuPont, is currently producing several products that include animal products, apparel, construction materials, cookware, and more. The company has several subsidiaries that include Solae, Genencor, Liqui Box Corp, Coastal Training Technologies, Belco Technologies Corporation, among many others. The company’s top three shareholders are The Vanguard Group, Inc., SSgA Funds Management, Inc., and Capital Research & Management Co. (World Investors).
This article has been written by Victor Ochieng.
