Bruce Berkowitz buys Cardinal Health Inc., sells American Express Company, Unitedhealth Group Inc., Hsbc Holdings Plc, Gyrodyne Company Of America Inc., General Dynamics Corp., The Boeing Company, Wesco Financial Corp during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Fairholme Capital Management. Bruce Berkowitz owns 26 stocks with a total value of $8.1 billion. These are the details of the buys and sells.
- New Purchases: CAH,
- Added Positions: BRK-A, BRK-B, HUM, JOE, LUK, RRR, SHLD, SPR,
- Reduced Positions: BMY, URI, WLP,
- Sold Out: AXP, BA, GD, GYRO, HBC, UNH, WSC,
This is the sector weightings of his portfolio:
These are the top 5 holdings of
- Pfizer Inc (PFE) - 73,469,780 shares, 15.07% of the total portfolio
- Sears Holdings Corp. (SHLD) - 15,277,039 shares, 12.37% of the total portfolio
- The St. Joe Company (JOE) - 25,611,755 shares, 9.24% of the total portfolio
- Hertz Global Holdings Inc. (HTZ) - 58,630,603 shares, 7.87% of the total portfolio
- Berkshire Hathaway Inc. (BRK-B) - 173,129 shares, 7.13% of the total portfolio
Added: Berkshire Hathaway Inc. (BRK-B)
Bruce Berkowitz added to his holdings in Berkshire Hathaway Inc. by 573.47%. His purchase prices were between $2745 and $3540, with an estimated average price of $3187.58. The impact to his portfolio due to this purchase was 6.07%. His holdings were 173,129 shares as of 09/30/2009.Berkshire Hathaway Inc. has a market cap of $50.6 billion; its shares were traded at around $3411 with and P/S ratio of 0.5. Berkshire Hathaway Inc. had an annual average earning growth of 1.7% over the past 10 years.
Added: Humana Inc. (HUM)
Bruce Berkowitz added to his holdings in Humana Inc. by 56.88%. His purchase prices were between $28.28 and $40.21, with an estimated average price of $34.5. The impact to his portfolio due to this purchase was 2.51%. His holdings were 14,962,600 shares as of 09/30/2009.Humana, Inc. is a health services company that facilitates the delivery of health care services through networks of providers to its medical members. The company's products are marketed primarily through health maintenance organizations and preferred provider organizations that encourage or require the use of contracted providers. The company also offers various specialty products to employers, including dental, group life and workers' compensation, and administrative services to those who self-insure their employee health plans. Humana Inc. has a market cap of $6.97 billion; its shares were traded at around $41.1 with a P/E ratio of 7.2 and P/S ratio of 0.2. Humana Inc. had an annual average earning growth of 18.7% over the past 10 years. GuruFocus rated Humana Inc. the business predictability rank of 2-star.
Added: Berkshire Hathaway Inc. (BRK-A)
Bruce Berkowitz added to his holdings in Berkshire Hathaway Inc. by 161.39%. His purchase prices were between $85125 and $108100, with an estimated average price of $97473.9. The impact to his portfolio due to this purchase was 1.71%. His holdings were 2,214 shares as of 09/30/2009.Added: Sears Holdings Corp. (SHLD)
Bruce Berkowitz added to his holdings in Sears Holdings Corp. by 12.53%. His purchase prices were between $57.35 and $78.37, with an estimated average price of $66.4. The impact to his portfolio due to this purchase was 1.38%. His holdings were 15,277,039 shares as of 09/30/2009.Sears Holdings Corp. has a market cap of $8.86 billion; its shares were traded at around $74.54 with a P/E ratio of 28.7 and P/S ratio of 0.2. Sears Holdings Corp. had an annual average earning growth of 45% over the past 5 years.
Added: Spirit Aerosystems Holdings Inc. (SPR)
Bruce Berkowitz added to his holdings in Spirit Aerosystems Holdings Inc. by 19.62%. His purchase prices were between $12.33 and $18.41, with an estimated average price of $14.91. The impact to his portfolio due to this purchase was 0.97%. His holdings were 26,502,871 shares as of 09/30/2009.SPIRIT AEROSYSTEMS is the world's largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America and Europe. Spirit Europe produces wing components for a host of customers, including Airbus. Spirit Aerosystems Holdings Inc. has a market cap of $2.5 billion; its shares were traded at around $17.98 with a P/E ratio of 9.9 and P/S ratio of 0.7.
Added: The St. Joe Company (JOE)
Bruce Berkowitz added to his holdings in The St. Joe Company by 3.48%. His purchase prices were between $22.64 and $33.69, with an estimated average price of $29.59. The impact to his portfolio due to this purchase was 0.31%. His holdings were 25,611,755 shares as of 09/30/2009.St. Joe Company is one of the Southeast's largest real estate operating companies. St. Joe provides a broad range of real estate services to meet both residential and commercial real estate needs. The company is one of the few real estate operating companies to have assembled the range of real estate, financial, marketing and regulatory expertise to take a large-scale approach to real estate development and services. The St. Joe Company has a market cap of $2.46 billion; its shares were traded at around $26.61 with and P/S ratio of 9.3. The St. Joe Company had an annual average earning growth of 5.4% over the past 10 years.
Added: RSC Holdings Inc. (RRR)
Bruce Berkowitz added to his holdings in Rsc Holdings Inc. by 112.44%. His purchase prices were between $5.72 and $8.79, with an estimated average price of $7.61. The impact to his portfolio due to this purchase was 0.29%. His holdings were 6,112,100 shares as of 09/30/2009.RSC HOLDINGS is one of the largest equipment rental providers in North America. They operate through a network of approximately 465 rental locations across ten regions in the United States and parts of Canada, and believe they are the first or second largest equipment rental provider in the majority of the regions in which they operate. Rsc Holdings Inc. has a market cap of $660.8 million; its shares were traded at around $6.39 with and P/S ratio of 0.4.
Added: Leucadia National Corp. (LUK)
Bruce Berkowitz added to his holdings in Leucadia National Corp. by 1.97%. His purchase prices were between $18.25 and $26.33, with an estimated average price of $23.71. The impact to his portfolio due to this purchase was 0.11%. His holdings were 18,363,872 shares as of 09/30/2009.LEUCADIA NATL is a diversified financial services holding companyprincipally engaged in personal and commercial lines of property and casualty insurance, life insurance, banking and lending and manufacturing. The Company concentrates on return on investment and cash flow to build long-term shareholder value, rather than emphasizing volume or market share. Additionally, the Company continuously evaluates the retention and disposition of its existing operations and investigates possible acquisitions of new businesses in order to maximize shareholder value. Leucadia National Corp. has a market cap of $5.48 billion; its shares were traded at around $22.48 with and P/S ratio of 5.1.
New Purchase: Cardinal Health Inc. (CAH)
Bruce Berkowitz initiated holdings in Cardinal Health Inc.. His purchase prices were between $24.97 and $35.63, with an estimated average price of $30.86. The impact to his portfolio due to this purchase was 0.51%. His holdings were 1,526,900 shares as of 09/30/2009.Cardinal Health, Inc. is one of the leading providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. These services and products include Pharmaceutical Distribution and Provider Services, Medical-Surgical Products and Services, Pharmaceutical Technologies and Services and Automation and Information Services. Cardinal Health Inc. has a market cap of $11.21 billion; its shares were traded at around $31.08 with a P/E ratio of 9.4 and P/S ratio of 0.1. The dividend yield of Cardinal Health Inc. stocks is 2.3%. Cardinal Health Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated Cardinal Health Inc. the business predictability rank of 3-star.
Reduced: Bristolmyers Squibb Company (BMY)
Bruce Berkowitz reduced to his holdings in Bristolmyers Squibb Company by 26.18%. His sale prices were between $19.37 and $22.95, with an estimated average price of $21.53. The impact to his portfolio due to this sale was less than 0.01%. Bruce Berkowitz still held 14,100 shares as of 09/30/2009.Bristol-Myers Squibb Company is a global leader in the research and development of innovative lifesaving and life-enhancing treatments for heart disease; high blood pressure; stroke; diabetes; cancer; HIV/AIDS and other infectious diseases; depression, schizophrenia and other mental disorders; pain; and other conditions. Bristolmyers Squibb Company has a market cap of $45.92 billion; its shares were traded at around $23.18 with a P/E ratio of 11.4 and P/S ratio of 2.2. The dividend yield of Bristolmyers Squibb Company stocks is 5.3%.
Reduced: United Rentals Inc. (URI)
Bruce Berkowitz reduced to his holdings in United Rentals Inc. by 27.24%. His sale prices were between $5.34 and $11.02, with an estimated average price of $8.21. The impact to his portfolio due to this sale was -0.26%. Bruce Berkowitz still held 7,323,525 shares as of 09/30/2009.United Rentals, Inc. is one of North America's largest equipment rental companies with over branches in the majority of states, several Canadian provinces and Mexico. The company offers for rent different types of equipment to customers that include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and others. United Rentals Inc. has a market cap of $536.4 million; its shares were traded at around $8.92 with a P/E ratio of 63.7 and P/S ratio of 0.2. United Rentals Inc. had an annual average earning growth of 4.9% over the past 10 years.
Reduced: Wellpoint Inc. (WLP)
Bruce Berkowitz reduced to his holdings in Wellpoint Inc. by 23.72%. His sale prices were between $49.28 and $55.47, with an estimated average price of $52.13. The impact to his portfolio due to this sale was -0.93%. Bruce Berkowitz still held 6,644,504 shares as of 09/30/2009.WellPoint, Inc. is the largest publicly traded commercial health benefits company in terms of membership in the United States. WellPoint, Inc. is an independent licensee of the Blue Cross and Blue Shield Association and serves its members as the Blue Cross licensee for California; the Blue Cross and Blue Shield licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, Nevada, New Hampshire, Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.), Wisconsin; and through HealthLink and UniCare. Wellpoint Inc. has a market cap of $24.9 billion; its shares were traded at around $52.41 with a P/E ratio of 8.6 and P/S ratio of 0.4. Wellpoint Inc. had an annual average earning growth of 20.8% over the past 5 years.
Sold Out: The Boeing Company (BA)
Bruce Berkowitz sold out his holdings in The Boeing Company. His sale prices were between $39.04 and $54.62, with an estimated average price of $46.08.The Boeing Company has a market cap of $36.82 billion; its shares were traded at around $50.68 with a P/E ratio of 74.5 and P/S ratio of 0.6. The dividend yield of The Boeing Company stocks is 3.4%. The Boeing Company had an annual average earning growth of 10.9% over the past 10 years. GuruFocus rated The Boeing Company the business predictability rank of 2.5-star.
Sold Out: American Express Company (AXP)
Bruce Berkowitz sold out his holdings in American Express Company. His sale prices were between $22.35 and $35, with an estimated average price of $30.55.American Express Company has a market cap of $47.98 billion; its shares were traded at around $40.35 with a P/E ratio of 38 and P/S ratio of 1.6. The dividend yield of American Express Company stocks is 1.8%. American Express Company had an annual average earning growth of 1.3% over the past 10 years.
Sold Out: Wesco Financial Corp (WSC)
Bruce Berkowitz sold out his holdings in Wesco Financial Corp. His sale prices were between $285.14 and $325.35, with an estimated average price of $304.76.Wesco Financial Corp has a market cap of $2.38 billion; its shares were traded at around $334.5 with a P/E ratio of 35 and P/S ratio of 2.9. The dividend yield of Wesco Financial Corp stocks is 0.5%. Wesco Financial Corp had an annual average earning growth of 2.8% over the past 10 years.
Sold Out: General Dynamics Corp. (GD)
Bruce Berkowitz sold out his holdings in General Dynamics Corp.. His sale prices were between $51.54 and $64.61, with an estimated average price of $57.47.General Dynamics Corp.'s primary businesses focus is on shipbuilding and marine systems, business aviation, information systems, and land and amphibious combat systems. Each of these businesses involves design, manufacturing and program management expertise, advanced technology, and integration of complex systems. The primary customers for the company's businesses are the United States military, the armed forces of allied nations, other government organizations and a diverse base of corporate and industrial buyers. General Dynamics Corp. has a market cap of $26.06 billion; its shares were traded at around $67.68 with a P/E ratio of 11 and P/S ratio of 0.9. The dividend yield of General Dynamics Corp. stocks is 2.3%. General Dynamics Corp. had an annual average earning growth of 13.9% over the past 10 years. GuruFocus rated General Dynamics Corp. the business predictability rank of 5-star.
Sold Out: Hsbc Holdings Plc (HBC)
Bruce Berkowitz sold out his holdings in Hsbc Holdings Plc. His sale prices were between $39.87 and $59.53, with an estimated average price of $51.44.HSBC HOLDINGS is one of the largest banking and financial services organisations in the world. Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities. Hsbc Holdings Plc has a market cap of $215.32 billion; its shares were traded at around $62.1 with and P/S ratio of 1.6. The dividend yield of Hsbc Holdings Plc stocks is 2.7%. Hsbc Holdings Plc had an annual average earning growth of 36.9% over the past 5 years.
Sold Out: Gyrodyne Company Of America Inc. (GYRO)
Bruce Berkowitz sold out his holdings in Gyrodyne Company Of America Inc.. His sale prices were between $34.758 and $40, with an estimated average price of $37.34.GYRODYNE CO AMERICA manages its real estate operation and is a passive investor as a limited partner in the Callery Judge Grove in Palm Beach County, FL. Gyrodyne Company Of America Inc. has a market cap of $52.9 million; its shares were traded at around $41.02 with and P/S ratio of 17.2.
Sold Out: UnitedHealth Group Inc. (UNH)
Bruce Berkowitz sold out his holdings in Unitedhealth Group Inc.. His sale prices were between $23.97 and $29.92, with an estimated average price of $27.22.UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. The company's products and services reflect a number of core capabilities, including medical information management, health benefit administration, care coordination, risk assessment and pricing, health benefit design and provider contracting. With these capabilities, it is able to provide comprehensive health care management services through organized health systems and insurance products. Unitedhealth Group Inc. has a market cap of $33.8 billion; its shares were traded at around $29.08 with a P/E ratio of 9.1 and P/S ratio of 0.4. The dividend yield of Unitedhealth Group Inc. stocks is 0.1%. Unitedhealth Group Inc. had an annual average earning growth of 30.4% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 5-star.
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