Private Capital

Private Capital

Last Update: 2014-08-14

Number of Stocks: 76
Number of New Stocks: 5

Total Value: $873 Mil
Q/Q Turnover: 9%

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

Private Capital Watch

  • An analysis of Private Capital's philosophy and their top holdings : CA,SYMC,VRX,HPQ,MENT

    Private Capital Management (PCM) is an investment management firm located in Naples, Florida. Founded in 1986, PCM is now a wholly owned subsidiary of Legg Mason, the investment firm of legendary investor Bill Miller. Private Capital is currently led by Gregg Powers, a career investment professional with education credentials from the University of Florida. Powers’s expertise and experience is derived from the healthcare, technology and telecommunications sectors. The flagship mutual fund of the firm is the Private Capital Management Value Fund (VFPAX).

    The stated objective of the value fund is to “achieve long-term capital appreciation by investing in companies that are out of favor, underappreciated or misunderstood, and thereby trades at a significant discount to PCM’s estimation of long-term intrinsic value.” To execute this vision, the firm utilizes a research driven approach to analyze potential equities, typically those trading on North American exchanges, with no particular preference to market capitalization. From time to time, other investment opportunities such as warrants, bonds, and preferred stocks may be utilized. In addition, PCM may hedge their positions to either magnify or protect existing assets to adapt to changing market conditions. However, when analyzing equities, PCM utilizes a genera l 4 step “bottoms-up” approach:  


  • Private Capital Buys H&R Block Inc., WalMart Stores Inc., DHT Maritime, Inc., Sells Sotheby's, IBM Corp, Avatar Holdings Inc.

    Private Capital was once run by Bruce Sherman. He had a tough time in 2008, and retired. Now the firm is run is by Sherman’s long term partner Greg Powers. Private Capital focuses on free cash flow in their stock picking. This is the Q3 Portfolio update.

    Private Capital buys H&R Block Inc., Walmart Stores Inc., Dht Maritime, Inc., sells Sotheby's, Electronics For Imaging Inc., Seacoast Banking Corp. Of Florida during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Private Capital Management. Private Capital owns 67 stocks with a total value of $1.6 billion. These are the details of the buys and sells.  


  • Private Capital Buys Covidien Ltd., Ultra Petroleum Corp, Zimmer Holdings Inc., Sells Center Bancorp Inc., Diamonds, Elmira Savings Bank FSB

    Private Capital was run by Bruce Sherman, who gained 20% in average annually for decades, until 2007. 2008 was a bad year, Sherman retired in March 2009, his long term partner Greg Powers took over. This is the portfolio update of Private Capital duirng Q2. Private Capital was selling heavily.

    Private Capital buys Covidien Ltd., Ultra Petroleum Corp, Zimmer Holdings Inc., sells Center Bancorp Inc., Diamonds, Elmira Savings Bank Fsb, Gamco Investors Inc., Mutualfirst Financial Inc. during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Private Capital Management. Private Capital owns 68 stocks with a total value of $1.4 billion. These are the details of the buys and sells.  


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