In our continued study of what Goldman Sachs (NYSE:GS) money managers are doing, below are the other 15 largest positions held by this investment bank's mutual funds right now. As always, use the names below as a starting point for your own research.
Occidental (NYSE:OXY): Goldman decreased their holdings in this oil and gas exploration company by 16.22%. With a market cap of $79B, the stock pays a $1.84 (1.90%) dividend and is trading at a 17.59 P/E.
Bank of America (NYSE:BAC): Goldman’s holdings in BAC, which has faced an eventful past few months, increased by 13.25%. With a market cap of $141.49B, the stock yields a 0.30% dividend. The stock is trading at a relatively low price/book ratio of .65. As we wrote about here, we hate Bank of America and think Buffett was spot on when he dumped shares.
Cisco (NASDAQ:CSCO): With a decline in holdings of 18.32%, Cisco now comprises .70% of the Goldman portfolio. The stock is trading at a P/E of 12.86, and has a market cap of $93.98B.
Education Management (NASDAQ:EDMC): Holdings in the for-profit education firm barely changed, with a .02% decrease. The company has a market cap of $2.61B, and is currently at a 10.80 P/E ratio.
Vanguard Emerging Markets Stock ETF (NYSEARCA:VWO): Although Goldman funds increased holdings in EEM substantially, stakes in VWO remained almost even, with only a .54% increase in holdings.
Baxter International (NYSE:BAX): Goldman’s stake in BAX declined by 16.16%. Baxter has a market cap of $29.58B and offers a $1.24 (2.40%) dividend. The stock is trading at a 21.36 P/E multiple.
Procter & Gamble (NYSE:PG): Stakes in PG fell by 4.65%. The company has a market cap of $169.25B, with a current P/E of 16.47. PG also pays out a yearly dividend of $1.93 (3.10%).
Exxon Mobil (NYSE:XOM): The energy behemoth fell out of favor with Goldman, as they reduced their holdings by 14.72%. Exxon is the largest company in the world by market cap, worth $402.44B. The stock is trading at a 13.05 P/E ratio, and pays a $1.76 (2.10%) dividend. As we wrote about earlier this week, we think Exxon is a good name to hold if the Fed withdraws QE2 this year.
Cobalt International (NYSE:CIE): Cobalt, an oil and gas exploration company, saw their holdings by Goldman stay exactly the same. Cobalt is one of the smallest companies among Goldman’s top holdings, with a market cap of $5.24B. The company had negative earnings over the last year.
Johnson & Johnson (NYSE:JNJ): Goldman reduced its holdings in JNJ by 26.72%. JNJ has a market cap of $159B and offers a $2.16 (3.70%) dividend. It is trading at a 12.15 P/E ratio. Buffett has also always loved JNJ, as we wrote about here.
Coca-Cola (NYSE:KO): Other than Genzyme, Coca-Cola was the biggest gainer in terms of Goldman’s holdings, with the investment firm increasing their stake by 76.45%. With a market cap of $142.89B, KO is trading at a 12.31 P/E multiple and is yielding a 2.90% dividend. This is a great dividend oxen to plow your portfolios yield harvest.
Costco Wholesale (NASDAQ:COST): Holdings increased by 6.06%. Costco is trading at a P/E of 22.40, and offers a $0.82 (1.10%) dividend. The company has a market cap of $30.77B.
Newfield Exploration (NYSE:NFX): Another oil and gas exploration company, Goldman reduced their holdings in NFX by 2.78%. Newfield has a market cap of $9.35B and is trading at an 18.11 P/E ratio.
Staples (NASDAQ:SPLS): Holdings in Staples were reduced by 1.62%. Staples is trading at a P/E of 16.10 and offers a $0.40 (2.00%) dividend. It has a market cap of $14.02B.
MasterCard (NYSE:MA): Joel Greenblatt also loves this stock. Holdings in MasterCard increased by 30%, up to .54% of the total Goldman portfolio. MA is trading at a 17.35 P/E ratio and pays a $0.60 (0.20%) dividend. The company has a market cap of $31.83B. If you’re looking for some other ideas in the credit card space, we actually like American Express (NYSE:AXP), as we wrote about here.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.