Richard Perry

Last Update: 11-13-2015

Number of Stocks: 17
Number of New Stocks: 2

Total Value: $2,535 Mil
Q/Q Turnover: 15%

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

Richard Perry Watch

  • Richard Perry Trades in Energy-Related Stocks in 3rd Quarter

    The energy sector is the fourth-most heavily weighted sector in Richard Perry (Trades, Portfolio)’s portfolio so it should be no surprise that energy stocks figured prominently in his third-quarter transactions.

    Perry’s most significant third-quarter transaction was his divestiture of his 3,265,400-share stake in Cheniere Energy Inc. (LNG), a Houston-based natural gas company, for an average price of $61.88 per share. The deal had a -7.15% impact on Perry’s portfolio.


  • Richard Perry Invests in Williams Companies

    Hedge fund manager Richard Perry (Trades, Portfolio) co-founded Perry Capital LLC more than a quarter of a century ago. His first major investment was Florists' Transworld Delivery (NASDAQ:FTD), which he sold for a profit of more than $300 million. His firm’s records in recent years – returns of 14.6% last year and 25.2% the year before – speak for themselves.

    Perry’s largest purchase of the second quarter propelled his existing stake in Williams Companies Inc. (NYSE:WMB), an oil and gas company based in Tulsa, Okla., to second-most valuable in his portfolio. Perry nearly tripled his stake in the company, buying 6,261,172 shares for an average price of $51.51 per share. The acquisition had an 11.36% impact on Perry’s portfolio.


  • Delivering Alpha Panel On Global Investment Opportunities

    Delivering Alpha had a panel of investment managers hosted by Andrew Sorkins discuss global investment opportunities. The panel incluced Chris Ailman, Mary Callahan, Eric Mindich (Trades, Portfolio) and Richard Perry (Trades, Portfolio). Delivering Alpha panel hosted by Mr. Sorkins discussed the global investment challenges facing investors and how to navigate them.

    Delivering Alpha Panel:


  • Richard Perry Makes Cheniere Third-Most Valuable Stake in Portfolio

    Richard Perry (Trades, Portfolio) co-founded private investment management firm Perry Capital LLC in 1988, which manages about $14 billion. Perry Capital had returns of 14.6% in 2010 and 25.2% in 2009. As is typical for him, he made about a dozen transactions in his personal portfolio in the first quarter.

    Perry’s addition to his existing stake in Cheniere Energy Inc (LNG), a Houston-based energy company, had the greatest impact on his portfolio. Perry bought 2,374,774 shares for an average price of $74.62 per share. The deal, which had a 6.05% impact on Perry’s portfolio, made Cheniere the third-most valuable stake in that portfolio.


  • Richard Perry initiates a Position in Micron

    Richard Perry (Trades, Portfolio) co-founded private investment management firm Perry Capital LLC in 1988, which manages about $14 billion as of Aug. 2008. Prior to 1988, Mr. Perry worked in a number of capacities at Goldman, Sachs & Co. He also was an adjunct associate professor at the Stern School of Business at New York University.

    Last quarter, Richard Perry (Trades, Portfolio) initiated a position in Micron Technology (MU) buying 5,730,000 shares of the company. Micron Technology is one of the world's leading providers of advanced semiconductor solutions. The company manufacture and market a full range of DRAM, NAND Flash and NOR Flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products. The company markets its products through its internal sales force, independent sales representatives and distributors primarily to Original Equipment Manufacturers ("OEMs") and retailers located around the world.


  • Kyle Bass' New Buys

    Kyle Bass is the managing member and principal of Hayman Capital Management's general partner, formed in December 2005. Hayman Capital Management serves as the investment manager to the Hayman Capital Master Fund LP and Japan Macro Opportunities Master Fund LP.

    Kyle Bass (Trades, Portfolio) makes bold bets according to his view on macroeconomics. He made a fortune in 2007 by betting against sub-prime CDOs.


  • George Soros and Dan Loeb Reduced Stake in YPF S.A.

    The Form 13-F is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). Section 13(f) securities generally include equity securities that trade on an exchange (including the Nasdaq National Market System), certain equity options and warrants, shares of closed-end investment companies and certain convertible debt securities. The shares of open-end investment companies (i.e., mutual funds) are not Section 13(f) securities.

    The filing revealed that at the end of last year, Soros Fund Management reduced its stake in YPF S.A. (NYSE:YPF) by 12.57% (1,674,587 shares) and it now holds 11,650,176 ADRs; worth $301.7 million as of the end of the year.


  • Richard Perry's Fourth-Quarter Transactions Had High Impact on Portfolio

    Other gurus made more deals in the fourth quarter of 2014, but few matched the impact Richard Perry (Trades, Portfolio)’s stock transactions had on his portfolio.

    Perry, co-founder of private investment management firm Perry Capital LLC, invested in two companies in the fourth quarter that are new to his portfolio – CBS Corp (NYSE:CBS) and Cheniere Energy Inc (LNG).


  • What Guru Investors Are Doing with J.C. Penney, Down 10%

    J.C. Penney (NYSE:JCP) faced a tumultuous 2013: Its turnaround plan failed to gain traction, its most prominent investor Bill Ackman (Trades, Portfolio) dropped his shareholding, and its stock price was depleted by 60%. Guru investors had varying takes on the complex situation and continue to as the company attempts to move forward.

    Today, Jan. 8, the company issued a statement that was upbeat but lacking in detail:


  • New Drilling Techniques for Changing Production Preferences

    Current political instability in the Middle East made other geographies more attractive to oil & gas companies. Also, during the last decade, the introduction of new technologies provided the medium to tap reserves that were once seen as unreachable. Now, the eyes of exploration and production companies have turned towards the Mexican Gulf, Brazilian sea front, and North Atlantic. These regions however, continue to present weather, depth, and other unknown challenges reflected upon the Deepwater Horizon incident. Two companies trying to face and solve the new obstacles to the recovering of unconventional reserves are Noble Switzerland (NYSE:NE) and Patterson-UTI Energy (NASDAQ:PTEN).

    World oil tendencies feed prospects  

  • Weekly Guru Bargains Highlights: 00386, CPN, 600027, 6727, 6971

    According to GuruFocus updates, these stocks have declined the most since Gurus have bought.
    China Petroleum & Chemical Corporation (00386): Down 22% Since Value Partners Bought In the Quarter Ended on 2013-06-30  

  • Five Gurus Slice Five Companies

    In reviewing third quarter selling action so far, it looks like a few of the buy-and-hold types are trading light on the sell side. Here’s a snapshot in time of five billionaire investors slicing five companies:

    Guru: Glenn Greenberg  

  • Perry Capital Becomes Next Investor to Give Up on JC Penney

    After Bill Ackman dropped J.C. Penney (NYSE:JCP) like a new toy that lost its luster last month, other investors are losing confidence. Investor Richard Perry of Perry Capital, after adding 7 million shares to his J.C. Penney stake on Aug. 30, slashed it by 47.37% yesterday, Oct. 1.

    Perry’s $15 billion hedge fund acquired 12 million shares of J.C. Penney in the second quarter this year, when the price averaged $17 per share. Yesterday’s reduction will leave him with 10 million shares. J.C. Penney is trading at a 10-year low of $8.81 per share on Wednesday, giving the investor an approximate 48% loss on the trade so far.  

  • Top 5 Guru-Held Utilities Companies

    Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which utilities companies are held by the most gurus. As of the second quarter, the following five utilities companies are held by the largest number of gurus.

    NRG Energy (NRG)  

  • Weekly Guru Bargains Highlights: 3730, CPN, 7775, SECB, 6727

    According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

    Macromill Inc. (3730): Down 54% Since Matthews Japan Fund Bought in the Quarter Ended on 2013-06-30

  • Richard Perry's Top Second Quarter Portfolio Changes

    During the second quarter Guru Richard Perry made noticeable increases in two companies as well as noticeable reductions in his holdings in three.

    The following companies represent the top five changes Perry made to his portfolio during the second quarter 2013.  

  • Weekly CEO Buys Highlight: AMH, HTH, ARCP, KYN, HK

    According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:


  • Richard Perry Thinks Japanese Corporate Bond Buyers Are Like 2007 US Subprime Mortgage Investors

    Richard Perry manages $15 billion at Perry Capital.

    Perry is currently shorting Japanese corporate bonds comparing them to U.S. subprime mortgages in 2007 and sovereign European bond buyers of 2008.  

  • Richard Perry Buys during CWH Battle

    On March 13, 2013, Guru Richard Perry of Perry Capital bought 6,500,000 shares of a new holding, CommonWealth REIT (CWH), at the current price $22.01, with a change from average up 1%. CommonWealth REIT is an office and industrial real estate investment trust that invests in commercial office buildings located in major metropolitan areas throughout the U.S. and in Australia.

    According to Bloomberg today, the company is up against a campaign by its largest shareholders, Corvex Management LP and The Related Companies LP, to remove the board of directors. Corvex Management and Related Companies own around a 10% stake in CommonWealth REIT, and are interested in acquiring the real estate investment trust. Perry’s recent 13D filing says that Perry supports efforts to improve the company’s corporate governance.  

  • Richard Perry discuss US Economy and Housing

    Richard Perry of Perry Capital discusses his views on US Economy and how it can be given boost with the changes in the mortgage market

    Here is what he said:  

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