HOTCHKIS & WILEY

HOTCHKIS & WILEY

Last Update: 08-14-2015

Number of Stocks: 188
Number of New Stocks: 11

Total Value: $28,314 Mil
Q/Q Turnover: 10%

Countries: USA CAN
Details: Top Buys | Top Sales | Top Holdings  Embed:

HOTCHKIS & WILEY' s Profile & Performance

Profile

Incepted in Los Angeles in 1980, Hotchkis and Wiley has focused exclusively on finding and owning undervalued companies that have a significant potential for appreciation.

Web Page:http://www.hwcm.com/

Investing Philosophy

Hotchkis and Wiley are value investors focusing on important investment parameters such as a company's tangible assets, sustainable cash flow, and potential for improving business performance.

Total Holding History

Performance of Large Cap Value Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201413.4913.69-0.2
201339.9532.397.6
201218.74162.7
3-Year Cumulative88.6 (23.5%/year)74.6 (20.4%/year)14 (3.1%/year)
2011-4.252.11-6.4
201019.8515.064.8
5-Year Cumulative116.4 (16.7%/year)105.1 (15.5%/year)11.3 (1.2%/year)
200934.3226.467.9
2008-46.84-37-9.8
2007-10.555.49-16.0
200613.715.79-2.1
20056.414.911.5
10-Year Cumulative67.2 (5.3%/year)109.4 (7.7%/year)-42.2 (-2.4%/year)
200422.0110.8811.1
200342.7728.6814.1
2002-7.51-22.114.6
20017.95-11.8919.8
20009.17-9.118.3
15-Year Cumulative217.5 (8%/year)86.4 (4.2%/year)131.1 (3.8%/year)
1999-2.3421.04-23.4
19984.3228.58-24.3
199731.1533.36-2.2
199617.3822.96-5.6
199534.4237.58-3.2
20-Year Cumulative569.4 (10%/year)554.6 (9.8%/year)14.8 (0.2%/year)
1994-3.51.32-4.8
199315.7610.085.7
199213.967.626.3
199134.6330.474.2
1990-18.06-3.1-15.0
25-Year Cumulative840.1 (9.4%/year)893.3 (9.6%/year)-53.2 (-0.2%/year)
198923.6731.69-8.0
198821.1516.614.5

Top Ranked Articles

HOTCHKIS & WILEY Buys Royal Dutch Shell Plc Cl B, Embraer-empresa Brasileira De, Employers Holdings, Sells Alltel Corp., Sara Lee Corp., Raytheon Co.
Value investing team HOTCHKIS & WILEY evaluates companies by looking at their tangible assets, sustainable cash flow and potential for improving business performance. During the past 5 eyars, everyone of their funds outperformed the market by wide margains. These are their buys and sells during the first quarter. HOTCHKIS & WILEY owns 124 stocks with a total value of $31.6 billion. Read more...
Stocks That Hotchkis & Wiley Keeps Buying
Hotchkis and Wiley focuses exclusively on finding and owning undervalued companies that have a significant potential for appreciation. Read more...
Hotchkis & Wiley's Strategies and Top Picks: JPM, HPQ, RDS.B, COP, WFC
Hotchkis and Wiley Capital is an investment management firm located in Los Angeles, Calif. The firm is led by George H. Davis Jr., a career investment professional who started his career with Hotchkis and Wiley in 1988. Davis is a graduate of Stanford University, receiving both his BA in Economics and his MBA from the institution. In addition, Hotchkis and Wiley boasts of the utilization of 13 CFA charter holders on their primary investment team, all with a rich history of experience and contacts in the industry. Read more...
HOTCHKIS & WILEY Buys Wachovia Corp., Citigroup Inc., AstraZeneca PLC, Sells Alcoa Inc., Kraft Foods Inc., ScheringPlough Corp.
Value investing team HOTCHKIS & WILEY focuses on important investment parameters such as a company's tangible assets, sustainable cash flow, and potential for improving business performance. Similar to many other successful value investors, they have underperformed lately. These are their buys and sells during the 4th quarter. Read more...
HOTCHKIS & WILEY Buys Eli Lilly & Co., Gap Inc., Autonation Inc., Sells Lockheed Martin Corp., Mosaic Co., Tesoro Corp.
HOTCHKIS & WILEY is another team manager who has achieved outstanding returns. They are buying out of favor homebuilders and banks. HOTCHKIS & WILEY owns 126 stocks with a total value of $33.1 billion. These are the details of the buys and sells during the second quarter. Read more...
» More HOTCHKIS & WILEY Articles

Commentaries and Stories

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Kahn Brothers' Most Weighted Trades in Q2 2015
Irving Kahn, along with brothers Alan and Thomas, founded Kahn Brothers (Trades, Portfolio) & Company, Inc., in 1978. The firm is a money manager and Registered Investment Advisor. Its principals manage approximately $1 billion of institutional and private funds. More...

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5-year lows: Rowan Companies, Linn Energy LLC, Greif Inc, and Hatteras Financial Corp
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Rowan Companies, Linn Energy LLC, Greif Inc, and Hatteras Financial Corp. More...

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Hotchkis & Wiley Large Cap Diversified Value Q2 2015 Commentary
The S&P 500 Index returned a modest +0.3% during the second quarter of 2015 and is now up +1.2% since the beginning of the year. Growth and value performed similarly during the quarter but value stocks have lagged considerably over the past 12 months. Typically, such environments present a headwind for our value-focused strategy but we have managed to navigate the past twelve months satisfactorily considering the circumstances. Naturally, however, we would welcome a value tailwind which our experience has taught us should inevitably emerge in due course. More...

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Hotchkis & Wiley Large Cap Diversified Value Q2 Market Commentary
The S&P 500 Index returned a modest +0.3% during the second quarter of 2015 and is now up +1.2% since the beginning of the year. Growth and value performed similarly during the quarter but value stocks have lagged considerably over the past 12 months. Typically, such environments present a headwind for our value-focused strategy but we have managed to navigate the past twelve months satisfactorily considering the circumstances. Naturally, however, we would welcome a value tailwind which our experience has taught us should inevitably emerge in due course. More...

Hotchkis & Wiley, Commentary


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Hotchkis & Wiley Adds to Banking, Insurance Stakes Hotchkis & Wiley - Hotchkis & Wiley Adds To Banking, Insurance Stakes
In its 35-year existence, value investor HOTCHKIS & WILEY has built its reputation on identifying undervalued companies that have great growth potential. But in the first quarter, most of its emphasis was on well-established companies, especially those in banking and insurance. More...

Hotchkis & Wiley, Financials, Insurance


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Hotchkis & Wiley Large Cap Value Fund Q1 2015 Commentary
Following six years of positive returns, the S&P 500 Index opened 2015 with a modest +1.0% return in the first quarter. The unprecedented corporate cost-cutting measures and general economic recovery following the financial crisis has fueled impressive earnings growth. Over the last six years, the S&P 500 is up +194% cumulatively. While such a rampant appreciation of market prices would normally give us pause, equity valuations are scarcely higher than historical averages due to these robust earnings. More...

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Hotchkis & Wiley Keeps Buying Navistar
Since its inception in Los Angeles in 1980, Hotchkis & Wiley (Trade, Portfolio) has focused exclusively on finding and owning undervalued companies that have a significant potential for appreciation. Hotchkis & Wiley are value investors focusing on important investment parameters such as a company's tangible assets, sustainable cash flow, and potential for improving business performance. More...

LONG, INDUSTRIALS


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Hotchkis & Wiley First Quarter 2015 Large Cap Diversified Value Commentary
Following six years of positive returns, the S&P 500 Index opened 2015 with a modest +1.0% return in the first quarter. The unprecedented corporate cost-cutting measures and general economic recovery following the financial crisis has fueled impressive earnings growth. Over the last six years, the S&P 500 is up +194% cumulatively. While such a rampant appreciation of market prices would normally give us pause, equity valuations are scarcely higher than historical averages due to these robust earnings. More...

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5-year lows: Extreme Networks Inc, Dynamic Materials Corp, Electro Scientific Industries, and LMI Aerospace Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Extreme Networks Inc, Dynamic Materials Corp, Electro Scientific Industries, and LMI Aerospace Inc. More...

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Hotchkis & Wiley Commentary - Active vs. Passive Equity Investing
The debate over active versus passive investing has spurred numerous studies, which in turn, have produced many thoughtprovoking theories on the subject. Despite countless data, sophisticated statistical techniques, and brilliant researchers tackling the issue, there are few palpable and universal conclusions one can draw from these studies. This is somewhat predictable given that these studies use unique data sources, evaluate different periods, and employ diverse statistical methods—not to mention are subject to human biases. As such, we are not brash enough to claim that we could conduct a better study as we would be subject to these same shortcomings, including our own biases. Rather than recreate analysis that has been recreated many times over already, we are going to focus on the few common findings from these studies that appear to be largely undisputed. We will first describe these conclusions, illustrate why they exist, and then explain why we believe markets are inefficient and why active management can add value net of fees. More...

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Hotchkis & Wiley’s Large Cap Fundamental Value Q4 2014 Commentary
Market Commentary More...

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Top 4 Undervalued stocks in Hotchkis & Wiley’s Portfolio
Started in Los Angeles in 1980, Hotchkis and Wiley has focused exclusively on finding and owning undervalued companies that have a significant potential for appreciation. More...

Hotchkis & Wiley


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Hotchkis & Wiley Adds to Third-Largest Stake Hotchkis & Wiley,John Paulson,Chuck Royce,NWQ Mana - Hotchkis & Wiley Adds To Third-Largest Stake
Hotchkis & Wiley, a Los Angeles-based investment firm, has been successfully managing portfolios for more than 30 years. In 2013, its investment advice yielded a 39.95% return for its clients, more than double its performance in 2012. More...

Hotchkis & Wiley, portfolio, guru,


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Hotchkis & Wiley Value Opportunities Fund Q4 2014 Commentary
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Hotchkis & Wiley, Commentary


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Hotchkis & Wiley Large Cap Fundamental Value Q3 Commentary
The S&P 500 Index returned a modest +1.1% over the three months ended September 30th, the seventh consecutive positive quarter for the index. In August, the index closed above 2,000 for the first time, peaking at 2,011 in mid-September before a slight pullback. Unlike prior market peaks (e.g. 1999, 2007), elevated stock prices today are supported by both strong corporate earnings and an improving economic environment. At 16.5x forward earnings, the S&P 500 Index trades at a valuation slightly higher than the 25-year median of 16.0x. Meanwhile, the 10-year Treasury yields 2.5% versus the 25-year median of 4.8%; considering the low interest rate environment equity valuations appear reasonable. The U.S. housing market continues to recover, with new home sales considerably higher than consensus expectations and home prices on the rise. Higher home values create a wealth effect that boosts confidence and drives consumer spending, which accelerated during the quarter—consumer spending comprises two-thirds of U.S. GDP, so the housing market’s economic impact is material. Meanwhile, employment has steadily improved and inflation has remained in check. The U.S. dollar More...

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News Corporation's Efforts to Change the Traditional Model
In this article, let's take a look at News Corporation (NASDAQ:NWSA), a $9.1 billion market cap company, which is a diversified media company that has interests in newspapers, books and sports cable programming, and operates online properties, primarily in the United States, Australia and the United Kingdom. More...

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Hotchkis & Wiley Webinar Highlights - High Yield Outlook with Mark Hudoff
On our October 22nd webinar, Mark Hudoff, portfolio manager of the Hotchkis & Wiley High Yield strategy, discussed the changing high yield environment and its impact on investors. The following recap highlights his views. More...

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Hotchkis & Wiley’s Large Cap Value Fund Q3 2014 Manager Commentary
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Johnson Controls Trading at a Premium Compared to Peers
In this article, let's take a look at Johnson Controls Inc. (NYSE:JCI), a leading manufacturer of automotive interior systems, automotive batteries and automated building control systems. More...

Johnson Controls


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The Evolving High Yield Market - Hotchkis & Wiley Q3 Newsletter
Given the recent volatility in high yield markets, we thought it would be useful to examine how the market has evolved since the 2008 financial crisis. Specifically, we will explore three major developments in the high yield market since the global financial crisis: 1) the role of Exchanged Traded Funds (ETFs), 2) trading/liquidity influences, and 3) the changing high yield investor base. More...

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