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Oak Value Fund Buys Qualcomm Inc., Vulcan Materials Company, Mastercard Inc., Sells Diageo Plc, Medtronic Inc., Monsanto Company

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Oak Value managers like to buy high quality business sold low prices. The firm is heavily invested in large companies that can grow their businesses at a higher rate than the average. This is the Q2 portfolio update.

Oak Value Fund buys Qualcomm Inc., Vulcan Materials Company, sells Diageo Plc, Medtronic Inc., Monsanto Company, Activision Blizzard, Inc, Itt Educational Services Inc., Charles & Colvard Ltd during the 3-months ended 06/30/2010, according to the most recent filings of his investment company, Oak Value Capital Management. Oak Value owns 27 stocks with a total value of $173 million. These are the details of the buys and sells.

For the details of Oak Value's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Oak+Value

This is the sector weightings of his portfolio:

Financials 34.3%
Industrials 16.8%
Technology 14.7%
Consumer Services 10.4%
Health Care 8.5%
Consumer Goods 6.7%
Basic Materials 5.1%
Oil & Gas 3.6%


These are the top 5 holdings of Oak Value

  1. Berkshire Hathaway Inc. (BRK.A) - 181 shares, 12.57% of the total portfolio. Shares reduced by 9.05%
  2. AFLAC Inc. (AFL) - 242,904 shares, 6% of the total portfolio. Shares added by 35.07%
  3. MasterCard Inc. (MA) - 47,608 shares, 5.5% of the total portfolio. Shares added by 81.86%
  4. Coach Inc. (COH) - 245,970 shares, 5.2% of the total portfolio. Shares reduced by 3.99%
  5. American Express Company (AXP) - 223,292 shares, 5.13% of the total portfolio. Shares reduced by 0.58%


Added: Mastercard Inc. (MA)

Oak Value added to its holdings in Mastercard Inc. by 81.86%. His purchase prices were between $195.46 and $267.22, with an estimated average price of $228.26. The impact to his portfolio due to this purchase was 2.48%. Its holdings were 47,608 shares as of 06/30/2010.

MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Inc. has a market cap of $27.62 billion; its shares were traded at around $212.83 with a P/E ratio of 17.7 and P/S ratio of 5.4. The dividend yield of Mastercard Inc. stocks is 0.3%.

Added: Aflac Inc. (AFL)

Oak Value added to its holdings in Aflac Inc. by 35.07%. His purchase prices were between $40.48 and $56.56, with an estimated average price of $47.93. The impact to his portfolio due to this purchase was 1.56%. Its holdings were 242,904 shares as of 06/30/2010.

AFLAC Inc. is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. Aflac Inc. has a market cap of $23.97 billion; its shares were traded at around $51.04 with a P/E ratio of 10.1 and P/S ratio of 1.3. The dividend yield of Aflac Inc. stocks is 2.2%. Aflac Inc. had an annual average earning growth of 11.7% over the past 10 years. GuruFocus rated Aflac Inc. the business predictability rank of 3-star.

Added: Teva Pharmaceutical Industries Ltd. (TEVA)

Oak Value added to its holdings in Teva Pharmaceutical Industries Ltd. by 79.86%. His purchase prices were between $51.2725 and $63.77, with an estimated average price of $57.18. The impact to his portfolio due to this purchase was 1.38%. Its holdings were 103,375 shares as of 06/30/2010.

TEVA Pharmaceuticals USA, the business is to develop, manufacture, and market generic pharmaceuticals. Teva Pharmaceutical Industries Ltd. has a market cap of $46.68 billion; its shares were traded at around $50.15 with a P/E ratio of 14 and P/S ratio of 3.4. The dividend yield of Teva Pharmaceutical Industries Ltd. stocks is 1.2%. Teva Pharmaceutical Industries Ltd. had an annual average earning growth of 21% over the past 10 years. GuruFocus rated Teva Pharmaceutical Industries Ltd. the business predictability rank of 3.5-star.

Added: Cme Group Inc Cl A (CME)

Oak Value added to its holdings in Cme Group Inc Cl A by 91.62%. His purchase prices were between $287.91 and $341.75, with an estimated average price of $315.1. The impact to his portfolio due to this purchase was 1.27%. Its holdings were 16,249 shares as of 06/30/2010.

Chicago Mercantile Exchange Holdings is the parent company of Chicago Mercantile Exchange Inc, the largest futures exchange in the United States based on notional value, trading volume and open interest. Cme Group Inc Cl A has a market cap of $18.63 billion; its shares were traded at around $283.67 with a P/E ratio of 20.7 and P/S ratio of 7.1. The dividend yield of Cme Group Inc Cl A stocks is 1.6%. Cme Group Inc Cl A had an annual average earning growth of 14.6% over the past 5 years.

New Purchase: Qualcomm Inc. (QCOM)

Oak Value initiated holdings in Qualcomm Inc.. His purchase prices were between $33.14 and $43.29, with an estimated average price of $37.64. The impact to his portfolio due to this purchase was 2.62%. Its holdings were 138,000 shares as of 06/30/2010.

QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. Qualcomm Inc. has a market cap of $64.37 billion; its shares were traded at around $39.24 with a P/E ratio of 19.9 and P/S ratio of 6.2. The dividend yield of Qualcomm Inc. stocks is 1.9%. Qualcomm Inc. had an annual average earning growth of 15.4% over the past 10 years. GuruFocus rated Qualcomm Inc. the business predictability rank of 1-star.

New Purchase: Vulcan Materials Company (VMC)

Oak Value initiated holdings in Vulcan Materials Company. His purchase prices were between $44.24 and $58.89, with an estimated average price of $50.81. The impact to his portfolio due to this purchase was 2.15%. Its holdings were 84,925 shares as of 06/30/2010.

Vulcan Materials Company is the nation's foremost producer of constructionaggregates, a major producer of other construction materials and a leadingchemicals manufacturer, supplying chloralkali and other industrial andspecialty chemicals. Vulcan Materials Company has a market cap of $6.05 billion; its shares were traded at around $47.38 with a P/E ratio of 676.9 and P/S ratio of 2.2. The dividend yield of Vulcan Materials Company stocks is 2.1%.

Reduced: Ambac Financial Group Inc. (ABK)

Oak Value reduced to its holdings in Ambac Financial Group Inc. by 50%. His sale prices were between $0.56 and $2.25, with an estimated average price of $1.21. The impact to his portfolio due to this sale was -0.01%. Oak Value still held 13,000 shares as of 06/30/2010.

Ambac Financial Group, Inc. is a holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both the public and private sectors around the world. Ambac Financial Group Inc. has a market cap of $252.3 million; its shares were traded at around $0.86 with and P/S ratio of 0.1.

Sold Out: Diageo Plc (DEO)

Oak Value sold out its holdings in Diageo Plc. His sale prices were between $59.22 and $71.59, with an estimated average price of $65.67.

Diageo is an multinational branded food and drinks company. Diageo Plc has a market cap of $44.39 billion; its shares were traded at around $70.88 with and P/S ratio of 3. The dividend yield of Diageo Plc stocks is 3.3%.

Sold Out: Monsanto Company (MON)

Oak Value sold out its holdings in Monsanto Company. His sale prices were between $47.34 and $70.83, with an estimated average price of $57.38.

Monsanto is a global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. Monsanto Company has a market cap of $31.27 billion; its shares were traded at around $57.32 with a P/E ratio of 22.8 and P/S ratio of 2.7. The dividend yield of Monsanto Company stocks is 1.9%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.

Sold Out: Activision Blizzard, Inc (ATVI)

Oak Value sold out its holdings in Activision Blizzard, Inc. His sale prices were between $10.2425 and $12.5, with an estimated average price of $11.15.

ACTIVISION BLIZZARD, INC. is a worldwide pure-play online and console game publisher with market positions across all categories of the rapidly growing interactive entertainment software industry. Activision Blizzard, Inc has a market cap of $14.81 billion; its shares were traded at around $11.91 with a P/E ratio of 17.5 and P/S ratio of 3.5. The dividend yield of Activision Blizzard, Inc stocks is 1.3%.

Sold Out: Medtronic Inc. (MDT)

Oak Value sold out its holdings in Medtronic Inc.. His sale prices were between $36.21 and $45.79, with an estimated average price of $41.44.

Medtronic is the world's medical technology company, pioneeringdevice-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $40.05 billion; its shares were traded at around $36.98 with a P/E ratio of 11.5 and P/S ratio of 2.5. The dividend yield of Medtronic Inc. stocks is 2.4%. Medtronic Inc. had an annual average earning growth of 11.4% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4.5-star.

Sold Out: Itt Educational Services Inc. (ESI)

Oak Value sold out its holdings in Itt Educational Services Inc.. His sale prices were between $85 and $119.2, with an estimated average price of $103.71.

ITT EDUCATIONAL SERVICES, INC. is a proprietary provider of technical postsecondary degree programs in the United States based on student enrollment. Itt Educational Services Inc. has a market cap of $2.92 billion; its shares were traded at around $84.48 with a P/E ratio of 8.6 and P/S ratio of 2.2. Itt Educational Services Inc. had an annual average earning growth of 33.9% over the past 10 years. GuruFocus rated Itt Educational Services Inc. the business predictability rank of 5-star.

Sold Out: Charles & Colvard Ltd (CTHR)

Oak Value sold out its holdings in Charles & Colvard Ltd. His sale prices were between $1.65 and $3.15, with an estimated average price of $2.38.

Charles and Colvard manufacture, market and distribute moissanitejewels for sale in the worldwide jewelry market. Charles & Colvard Ltd has a market cap of $52.9 million; its shares were traded at around $2.77 with and P/S ratio of 6.4.


Rating: 3.5/5 (4 votes)

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