Richard Perry

Last Update: 2014-08-13

Number of Stocks: 25
Number of New Stocks: 11

Total Value: $3,619 Mil
Q/Q Turnover: 41%

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

Richard Perry Watch

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

    After Bill Ackman dropped J.C. Penney (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.  


  • 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.  


  • 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:  


  • Richard Perry of Perry Capital Talks about Profit Potential in Europe

    Richard Perry of Perry Capital talks about potential investment opportunities in Europe from the ongoing Delivering Alpha conference in New York.

    Here is the video:  


  • Hedge Fund Perry Capital Buys POT, GENZ, C, UIS, ACL, MSFT, BRCD, Sells QCOM, DTG

    This is the Q3 portfolio update of hedge fund Perry Capital. The firm is run by founder Richard Perry, who had only one down year during its 21 years of history.

    Richard Perry wrote in his shareholder review earlier this year:  


  • Hedge Fund Perry Capital Buys Gilead Sciences Inc., CocaCola Enterprises, Questar Corp., Sells Alcon Inc., Microsoft Corp., Osi Pharmaceuticals

    Hedge fund Perry Capital, founded by Richard Perry, just reported their second quarter portfolio. These are the buys and sells.

    As of June 30, Perry Partners was up 9.08% for the year. Perry took down long exposure and added protection to the portfolio during the quarter.  


  • Richard Perry Liquidated Citigroup Shares

    Investment Guru Richard Perry published 2Q10 Letter to Investors. In a brutal quarter in which S&P 500 dropped 11.4%, Perry Partners was up 1.87%. YTD, the fund was up 9.08%. Perry took down long exposure and added protection to the portfolio during the quarter.

    Noticeably, Perry sold his holdings in Citigroup. As he disclosed:
    We sold our entire Citigroup common equity position in Q2.This is still an interesting leveraged play on worldwide economic recovery, but given the appreciation of the stock price and our renewed concerns about GDP growth and the ramifications of financial reform, we decided to liquidate this investment.
      


  • View on CVS

    Strongn player in a stable retail market - most revenues from non-drug sales  


  • Richard Perry Publishes Year End Review: Bullish on Palm Inc. and Managed Healthcare Sector (Humana)

    Investment Guru Richard Perry of Perry Capital has published his annual 2009 review. The long-time hedge fund manager was caught off guard with the quick recovery of the US equity market. He kept 40% of his fund in cash. Even so, the return of his fund was over 25% for the year, helped by the credit holdings.

    He is bullish on the Managed Health Care Sector:
    In equities, our managed care stocks were a strong contributor to Q4 performance. As concerns around a government-instituted public plan faded away, these stocks continued to rally. Even today, many of the managed care names are trading below 10x earnings. We have scaled back our positions slightly to lock in some gains, but managed care continues to be approximately 5% of our total portfolio.
      


  • Richard Perry Top Holdings: Humana Inc., Palm Inc., Universal American Financial Corp., Abercrombie & Fitch Co., VeriSign Inc., The Hershey Company

    (GuruFocus, December 1, 2009) When you look at the portfolio of the Investment Gurus that GuruFocus tracks, keep in mind a good portion of their investment activities are not recorded and reported on our website. Such activities include short position, debt positions, foreign stocks and currency contracts, many other kind of derivatives, to name just a few.

    Richard Perry is one of the Gurus we do not really have a good handle on. There are reports stating that he manages somewhere around $14 billion, yet GuruFocus only have visibility on $1.15 distributed on 49 stocks.  


  • Perry Capital Buys Citigroup Inc., Abercrombie & Fitch Co., The Hershey Company, Sells Under Armour Inc., Transatlantic Holdings Inc., Netflix Inc.

    54-year old hedge fund guru Richard Perry never had a down year in his flagship fund for 14 years, until 2008, when it was down 26.8%. This is the Q3 portfolio update of Perry Capital.

    Richard Perry buys Abercrombie & Fitch Co., The Hershey Company, Liz Claiborne Inc., Lexmark International Inc., Brocade Communications Systems, Inc., Resolute Energy Corporaton, Metropcs Communications Inc., Radioshack Corp., Resources Connection Inc., Citigroup Inc., Netapp Inc Common Stock, Anglogold Ashanti Ltd., Globe Specialty Metals Inc., Penske Automotive Group Inc., Saks Inc., Scheringplough Corp., Blockbuster Inc., Virgin Media Inc. Series A Warrants, sells Allied World Assurance Company Holdings, Transatlantic Holdings Inc., Netflix Inc., Microsoft Corp., Montpelier Re Holdings Ltd., Mcdonald's Corp., Lsi Corp., Lg.philips Lcd Co. Ltd., Liberty Media Corporation - Series A Liberty Enter, Iberiabank Corp., Spider Gold Shares, Dreamworks Animation Skg Inc., Dell Inc., Deckers Outdoor Corp., Coinstar Inc., Bhp Billiton Plc, Under Armour Inc. during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Perry Capital. Richard Perry owns 49 stocks with a total value of $1.2 billion. These are the details of the buys and sells.  


  • Richard Perry Buys Wyeth, LSI Corp., Deckers Outdoor Corp., Sells CIT Group Inc., UnitedHealth Group Inc., Western Digital Corp.

    Richard Perry believes the credit cycle will take several years to resolve, and commercial real estate is just at its early stage of stress. He added to his equity positions. This is the update of his Q2 portfolio. Richard Perry owns 54 stocks with a total value of $1.4 billion.

    Richard Perry buys Wyeth, LSI Corp., Deckers Outdoor Corp., VeriSign Inc., STEC Inc., ITT Educational Services Inc., BHP Billiton PLC, Ann Taylor Stores Corp., McDonald's Corp., Allied World Assurance Company Holdings, Atheros Communications Inc., E*TRADE Financial Corp., LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER, Transatlantic Holdings Inc., American Superconductor Corp., DreamWorks Animation SKG Inc., Myriad Pharmaceuticals Inc., Coinstar Inc., Netflix Inc., Allegheny Energy Inc., Panera Bread Company, IBERIABANK Corp., sells AllianceBernstein Holding L.P. Units, VALIDUS HOLDINGS LTD, UnitedHealth Group Inc., Sears Holdings Corp., RadioShack Corp., PartnerRe Ltd., DISH NETWORK CORPORATION CLASS A COMMON, Cisco Systems Inc., CIT Group Inc., Aspen Insurance Holdings Ltd., Western Digital Corp. during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Perry Capital. Richard Perry owns 54 stocks with a total value of $1.4 billion. These are the details of the buys and sells.  


  • Richard Perry Comments on Debt Positions in Ford Motor Company etc., and Equity Positions in Dell Inc. and Humana Inc.

    (GuruFocus, August 13, 2009) Investment Guru, Richard Perry released his 2Q09 Letter to Investors. Here is a summary:

    Fund (Perry Partners) second quarter 2009 performance was up 8.55%.  


  • Perry Capital Q1 Portfolio: Buys Humana Inc., Dell Inc., HealthSpring Inc., Sells AMN Healthcare Services Inc., IMS Health Inc., Synopsys Inc.

    Richard Perry saw his first loss ever in 2008, down 26%. He thinks that today’s macro environment is different and more dominant than it has been in the past. He anticipates a surge in defaults and focuses on buying securities of companies going through a restructuring Perry Capital. Richard Perry owns 39 stocks with a total value of $734 million. These are the details of the buys and sells.
    New Purchases: AB, AHL, CIT, CSCO, DELL, HS, HUM, LULU, PALM, PTP, RSH, UA, UNH, VMEDW, WDC,  


  • Richard Perry Buys Comverse Technology Inc., Willis Group Holdings Ltd., Marvell Technology Group Ltd., Sells Yahoo! Inc., Maxim Integrated Products Inc., Mattel Inc.

    Richard Perry had only one down year over the past 20 years. What is he buying? "First, we anticipate a surge in defaults and will focus on buying securities of companies going through a restructuring. Second, we will concentrate on distressed special situations with a legal or process catalyst to drive value. Third, we will look for short opportunities, either outright or through capital structure arbitrage." These are the details of his buys and sells.

    Richard Perry buys Comverse Technology Inc., Willis Group Holdings Ltd., Marvell Technology Group Ltd., NDS Group plc., XL Capital Ltd, Select Sector SPDRConsumer Staples, Microsoft Corp., Synopsys Inc., McKesson Corp., Medtronic Inc., Clear Channel Outdoor Holdings Inc., Charles River Laboratories International, Viacom Inc., Hologic Inc., Zimmer Holdings Inc., GT Solar International Inc., Idearc Inc., sells Yahoo! Inc., Maxim Integrated Products Inc., Mattel Inc., Life Time Fitness Inc., LENDER PROCESSING SERVICES INC WI, The CocaCola Company, Jackson Hewitt Tax Service Inc., iShares Russell 2000 Index, INVESCO PLC, IPC Holdings Ltd., Humana Inc., HealthSpring Inc., HLTH Corp., Blue Nile Inc., Palm Inc., Select Sector SPDRFinancial, W.R. Berkley Corp., UST Inc., Union Pacific Corp., UnitedHealth Group Inc., Time Warner Inc., SPDR S&P 500, SanDisk Corp., Research in Motion Ltd., Platinum Underwriters Holdings Ltd., Pfizer Inc, Patriot Coal Corp., TRIPLE-S MGMT CL B, Google Inc., Cummins Inc., Chipotle Mexican Grill Inc. Common tock, Commercial Metals Company, CIGNA Corp., Central European Distribution Corp., Columbia Laboratories Inc., Bucyrus International Inc., Allied World Assurance Company Holdings, Abercrombie & Fitch Co., Aspen Insurance Holdings Ltd., Aetna Inc., Apple Inc., CONSOL Energy Inc., Corn Products International Inc., General Moly Inc, GameStop Corp., Guess ? Inc., The Great Atlantic & Pacific Tea Company, Giant Interactive Group Inc., Flagstone Reinsurance Holdings Ltd., Electronic Arts Inc., Eagle Bulk Shipping Inc., Genentech Inc., Deckers Outdoor Corp., CVS Caremark Corp., Citrix Systems Inc., A.C. Moore Arts & Crafts Inc. during the 3-months ended 12/31/2008, according to the most recent filings of his investment company, Perry Capital. Richard Perry owns 45 stocks with a total value of $681 million. These are the details of the buys and sells.  


  • Richard Perry Commentary: This bear market has taught the financial community some expensive lessons.

    Richard Perry had his first down year in 20 years. "We invest in securities where we see the best fundamental risk/reward. However, over the past quarter, portfolio construction was more important than security selection."

    ... if we enter into a true deflationary period, then the US government securities will continue to go up and everything else may fall further.  


  • Richard Perry Buys Yahoo! Inc., AnheuserBusch Companies Inc., ChoicePoint Inc., Sells American International Group Inc., Dillard's Inc.

    Richard Perry, the guru we just addedm, has achieved an annual average of 15.4% over the past 20 years. He never had a down year. He invests in a wide range of opportunities. These are the stocks he bought/sold over the second quarter.

    Richard Perry buys Yahoo! Inc., AnheuserBusch Companies Inc., ChoicePoint Inc., Applera Corp. Applied Biosystems Group, Nokia Corp., Electronic Arts Inc., PartnerRe Ltd., Wm. Wrigley Jr. Company, Citrix Systems Inc., HLTH Corp., Select Sector SPDRFinancial, Lorillard, Everest Re Group Ltd., Janus Capital Group Inc., iShares Russell 2000 Index, Venoco Inc., VeriFone Holdings Inc., Worthington Industries Inc., Cypress Semiconductor Corp., Deckers Outdoor Corp., Urban Outfitters Inc., Pfizer Inc, Goldman Sachs Group Inc. The, AXIS Capital Holdings Ltd., DISH NETWORK CORPORATION CLASS A COMMON, Penn National Gaming Inc., Saks Inc., General Moly Inc, The CocaCola Company, Merck & Co. Inc., Google Inc., International Rectifier Corp., Huntsman Corp., Staples Inc., Garmin Ltd., Nordstrom Inc., Cardinal Health Inc., Reinsurance Group of America Inc., CIGNA Corp., Harris Corp., FTD Group Inc., Immersion Corp., Grey Wolf Inc, Eagle Bulk Shipping Inc., Cummins Inc., Corn Products International Inc., Life Time Fitness Inc., Leap Wireless International Inc., Clear Channel Communications Inc., A.C. Moore Arts & Crafts Inc., sells American International Group Inc., Cadbury Schweppes Public Ltd. Company, Dillard's Inc., Discover Financial Services, Eagle Rock Energy Partners L.P., The First American Corp., Fair Isaac Corp., CVR Energy Inc., Federated Investors Inc., The First Marblehead Corp., Fidelity National Financial Inc., China Medical Technologies Inc. ADS, CME Group Inc., CF Industries Holdings Inc., Ameriprise Financial Inc., ANADIGICS Inc., ABX Air Inc., American Express Company, Bright Horizons Family Solutions Inc., The Bank of New York Mellon Corp., Burlington Northern Santa Fe Corp., BP p.l.c., BorgWarner Inc., Cameron International Corp., FormFactor Inc., General Dynamics Corp., HearstArgyle Television Inc., Performance Food Group Company, Ross Stores Inc., Charles Schwab Corp., SanDisk Corp., Petroleo Brasileiro S.A.Petrobras, WuXi PharmaTech Inc., Tessera Technologies Inc., American Standard Companies Inc., Time Warner Cable Inc., UAP Holding Corp., Calpine Corp., Pegasystems Inc., Cheniere Energy Inc, Legg Mason Inc., CarMax Inc., CHINA NEPSTAR ADS, INVESCO PLC, News Corp., ON Semiconductor Corp., IntercontinentalExchange Inc., Nationwide Financial Services Inc. during the 3-months ended 06/30/2008, according to the most recent filings of his investment company . Richard Perry owns 118 stocks with a total value of $4.1 billion. These are the details of the buys and sells.  


  • New Guru Added: Richard Perry of Perry Capital

    GuruFocus has added a new Guru to our List of Gurus: Richard C. Perry of Perry Capital

    Richard C. Perry co-founded private investment management firm Perry Capital LLC in 1988, which manages about $14 billion as of Aug. 2008. Over the past 20 years he never had a down year, he has been up an average of 15.4% annually after fees (1.5% + 20% of profit). 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. Mr. Perry also serves on the boards of Endurance Specialty Holdings, Ltd, Capital Business Credit LLC, MedGroup Inversiones S.L. and Sears Holdings  


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