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Charles Brandes Buys Archer Daniels Midland Company, Symantec Corp., Corning Inc., Sells Time Warner Cable Inc, Cisco Systems Inc., Harleydavidson Inc.

Billionaire investor Charles Brandes just reported the portfolio holdings of his firm. These are the details of buys and sells.

Charles Brandes is the chairman of Brandes Investment Partners. He started the firm in 1974. He manages multiple portfolios including US equity and Global Equity. As of 06/30/2010, Charles Brandes owns 207 stocks with a total value of $15.3 billion. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Telecommunications 18.4%
Financials 15.5%
Technology 15.5%
Health Care 12.8%
Oil & Gas 8.9%
Industrials 7.9%
Consumer Goods 4.9%
Consumer Services 4.3%
Basic Materials 2.9%
Utilities 1.5%


These are the top 5 holdings of Charles Brandes

  1. Pfizer Inc (PFE) - 30,793,338 shares, 2.87% of the total portfolio. Shares reduced by 1.18%
  2. CENTRAIS ELETRICAS BRASILEIRAS S.A.-ELETROBRAS (BR (EBR) - 32,866,062 shares, 2.87% of the total portfolio. Shares reduced by 2.81%
  3. Tyco Electronics Ltd. (TEL) - 15,617,535 shares, 2.59% of the total portfolio. Shares reduced by 5.1%
  4. Microsoft Corp. (MSFT) - 14,007,840 shares, 2.11% of the total portfolio. Shares reduced by 4.16%
  5. Texas Instruments Inc. (TXN) - 13,867,276 shares, 2.11% of the total portfolio. Shares reduced by 6.3%


Added: Chesapeake Energy Corp. (CHK)

Charles Brandes added to his holdings in Chesapeake Energy Corp. by 1663.77%. His purchase prices were between $20.75 and $25.36, with an estimated average price of $23.44. The impact to his portfolio due to this purchase was 1.08%. His holdings were 8,304,341 shares as of 06/30/2010.

Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake Energy Corp. has a market cap of $13.94 billion; its shares were traded at around $21.41 with a P/E ratio of 7 and P/S ratio of 1.8. The dividend yield of Chesapeake Energy Corp. stocks is 1.5%. Chesapeake Energy Corp. had an annual average earning growth of 14.7% over the past 10 years. GuruFocus rated Chesapeake Energy Corp. the business predictability rank of 2-star.

Added: Total S.a. (TOT)

Charles Brandes added to his holdings in Total S.a. by 154.72%. His purchase prices were between $44.21 and $59.89, with an estimated average price of $51.21. The impact to his portfolio due to this purchase was 0.75%. His holdings were 4,211,575 shares as of 06/30/2010.

Total Fina SA engages in worldwide oil and gas production, other upstream, RM&T and an expanding multi-national specialty chemicals business. Total S.a. has a market cap of $112.83 billion; its shares were traded at around $50.53 with a P/E ratio of 8.7 and P/S ratio of 0.7. The dividend yield of Total S.a. stocks is 7.9%. Total S.a. had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated Total S.a. the business predictability rank of 3-star.

Added: Petroleo Brasileiro S.a.petrobras (PBR.A)

Charles Brandes added to his holdings in Petroleo Brasileiro S.a.petrobras by 72.81%. His purchase prices were between $28.63 and $41.23, with an estimated average price of $34.3. The impact to his portfolio due to this purchase was 0.43%. His holdings were 5,259,363 shares as of 06/30/2010.

Petrolo Brasilerio was founded in October of 1953 to operate in the Brazilian oil sector. Petroleo Brasileiro S.a.petrobras has a market cap of $129.9 billion; its shares were traded at around $31.22 with a P/E ratio of 9.5 and P/S ratio of 1. The dividend yield of Petroleo Brasileiro S.a.petrobras stocks is 0.5%.

Added: The Kroger Co. (KR)

Charles Brandes added to his holdings in The Kroger Co. by 28.56%. His purchase prices were between $19.16 and $23.7, with an estimated average price of $21.47. The impact to his portfolio due to this purchase was 0.26%. His holdings were 9,206,936 shares as of 06/30/2010.

Kroger Company is one of the larger grocery retailers in the United States. The Kroger Co. has a market cap of $14.13 billion; its shares were traded at around $22.01 with a P/E ratio of 13.4 and P/S ratio of 0.2. The dividend yield of The Kroger Co. stocks is 1.7%. The Kroger Co. had an annual average earning growth of 3.8% over the past 10 years. GuruFocus rated The Kroger Co. the business predictability rank of 3-star.

Added: Eli Lilly And Company (LLY)

Charles Brandes added to his holdings in Eli Lilly And Company by 22.58%. His purchase prices were between $32.25 and $36.92, with an estimated average price of $34.57. The impact to his portfolio due to this purchase was 0.22%. His holdings were 5,508,675 shares as of 06/30/2010.

Eli Lilly and Company discovers, develops, manufactures, and sells products in one significant business segment -pharmaceutical products. Eli Lilly And Company has a market cap of $42.33 billion; its shares were traded at around $36.71 with a P/E ratio of 8.2 and P/S ratio of 1.9. The dividend yield of Eli Lilly And Company stocks is 5.4%.

Added: Chevron Corp. (CVX)

Charles Brandes added to his holdings in Chevron Corp. by 12.87%. His purchase prices were between $68.36 and $82.83, with an estimated average price of $76.64. The impact to his portfolio due to this purchase was 0.17%. His holdings were 3,423,593 shares as of 06/30/2010.

Chevron is the fifth-largest integrated energy company in the world. Chevron Corp. has a market cap of $154.93 billion; its shares were traded at around $77.13 with a P/E ratio of 9.3 and P/S ratio of 0.9. The dividend yield of Chevron Corp. stocks is 3.7%. Chevron Corp. had an annual average earning growth of 11.5% over the past 10 years. GuruFocus rated Chevron Corp. the business predictability rank of 3-star.

Added: UBS Ag (UBS)

Charles Brandes added to his holdings in Ubs Ag by 17.43%. His purchase prices were between $12.39 and $17.45, with an estimated average price of $14.6. The impact to his portfolio due to this purchase was 0.13%. His holdings were 9,993,665 shares as of 06/30/2010.

UBS AG is one of the world's financial firms, combining financial strength with a reputation for innovation and a global culture that embraces change. Ubs Ag has a market cap of $61.8 billion; its shares were traded at around $16.29 with a P/E ratio of 13.9 and P/S ratio of 2.8. Ubs Ag had an annual average earning growth of 32.7% over the past 10 years.

Added: King Pharmaceuticals Inc. (KG)

Charles Brandes added to his holdings in King Pharmaceuticals Inc. by 65.82%. His purchase prices were between $7.66 and $12.14, with an estimated average price of $9.4. The impact to his portfolio due to this purchase was 0.05%. His holdings were 2,441,203 shares as of 06/30/2010.

King Pharmaceuticals, Inc. is a vertically integrated pharmaceutical company that manufactures, markets and sells primarily branded prescription pharmaceutical products. King Pharmaceuticals Inc. has a market cap of $2.17 billion; its shares were traded at around $8.69 with a P/E ratio of 8.9 and P/S ratio of 1.2.

Added: The Goodyear Tire & Rubber Company (GT)

Charles Brandes added to his holdings in The Goodyear Tire & Rubber Company by 1073.85%. His purchase prices were between $10.22 and $14.65, with an estimated average price of $12.58. The impact to his portfolio due to this purchase was 0.04%. His holdings were 565,855 shares as of 06/30/2010.

Goodyear is one of the world's largest tire companies. The Goodyear Tire & Rubber Company has a market cap of $2.53 billion; its shares were traded at around $10.44 with a P/E ratio of 11.9 and P/S ratio of 0.2.

Added: Honda Motor Co. Ltd. (HMC)

Charles Brandes added to his holdings in Honda Motor Co. Ltd. by 20.49%. His purchase prices were between $28.71 and $36.03, with an estimated average price of $32.21. The impact to his portfolio due to this purchase was 0.04%. His holdings were 1,218,457 shares as of 06/30/2010.

Honda manufactures a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles. Honda Motor Co. Ltd. has a market cap of $58 billion; its shares were traded at around $31.96 with a P/E ratio of 17.9 and P/S ratio of 0.6. The dividend yield of Honda Motor Co. Ltd. stocks is 0.9%.

Added: Nortel Inversora S.a. (NTL)

Charles Brandes added to his holdings in Nortel Inversora S.a. by 150.22%. His purchase prices were between $16.78 and $22.6, with an estimated average price of $19.77. The impact to his portfolio due to this purchase was 0.04%. His holdings were 555,550 shares as of 06/30/2010.

NORTEL INV-ADR is a holding company organized by Argentine and international investors. Nortel Inversora S.a. has a market cap of $22.06 billion; its shares were traded at around $22.26 with and P/S ratio of 6.7. Nortel Inversora S.a. had an annual average earning growth of 58.2% over the past 5 years.

Added: The Ryland Group Inc. (RYL)

Charles Brandes added to his holdings in The Ryland Group Inc. by 134.64%. His purchase prices were between $15.59 and $25.68, with an estimated average price of $19.75. The impact to his portfolio due to this purchase was 0.01%. His holdings were 110,690 shares as of 06/30/2010.

The Ryland Group, Inc. is a national homebuilder and mortgage-related financial services firm. The Ryland Group Inc. has a market cap of $728.2 million; its shares were traded at around $16.53 with and P/S ratio of 0.6. The dividend yield of The Ryland Group Inc. stocks is 0.7%.

Added: Sierra Wireless Inc. (SWIR)

Charles Brandes added to his holdings in Sierra Wireless Inc. by 221.15%. His purchase prices were between $6.75 and $9.44, with an estimated average price of $7.93. The impact to his portfolio due to this purchase was 0.01%. His holdings were 544,350 shares as of 06/30/2010.

Sierra Wireless, Inc. is a provider of wireless data communications products. Sierra Wireless Inc. has a market cap of $270.8 million; its shares were traded at around $8.72 with a P/E ratio of 124.6 and P/S ratio of 0.5.

Added: Alexander & Baldwin Inc. (ALEX)

Charles Brandes added to his holdings in Alexander & Baldwin Inc. by 24.51%. His purchase prices were between $29.38 and $36.95, with an estimated average price of $33.11. The impact to his portfolio due to this purchase was 0.01%. His holdings were 151,710 shares as of 06/30/2010.

ALEXANDER & BALDWIN, INC. through its subsidiaries, is engaged principally in ocean transportation of goods between west coast of U. Alexander & Baldwin Inc. has a market cap of $1.34 billion; its shares were traded at around $32.55 with a P/E ratio of 34.7 and P/S ratio of 0.9. The dividend yield of Alexander & Baldwin Inc. stocks is 3.9%.

Added: J.c. Penney Company Inc. (JCP)

Charles Brandes added to his holdings in J.c. Penney Company Inc. by 20.28%. His purchase prices were between $21.75 and $33.67, with an estimated average price of $28.23. The impact to his portfolio due to this purchase was 0.01%. His holdings were 302,828 shares as of 06/30/2010.

JCPenney is one of America's retailers, operating department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, jcp. J.c. Penney Company Inc. has a market cap of $4.92 billion; its shares were traded at around $20.83 with a P/E ratio of 17.5 and P/S ratio of 0.3. The dividend yield of J.c. Penney Company Inc. stocks is 3.8%. J.c. Penney Company Inc. had an annual average earning growth of 18.5% over the past 10 years.

Added: Ppl Corp. (PPL)

Charles Brandes added to his holdings in Ppl Corp. by 34.66%. His purchase prices were between $24.24 and $28.64, with an estimated average price of $26.09. The impact to his portfolio due to this purchase was 0.01%. His holdings were 311,532 shares as of 06/30/2010.

PPL Corporation is an energy and utility holding company. Ppl Corp. has a market cap of $12.21 billion; its shares were traded at around $26.05 with a P/E ratio of 10.1 and P/S ratio of 1.6. The dividend yield of Ppl Corp. stocks is 5.4%.

Added: Chicopee Bancorp Inc. (CBNK)

Charles Brandes added to his holdings in Chicopee Bancorp Inc. by 489.7%. His purchase prices were between $11.01 and $13.1, with an estimated average price of $12.17. The impact to his portfolio due to this purchase was 0.01%. His holdings were 103,935 shares as of 06/30/2010.

Chicopee Bancorp, Inc. is the holding company for Chicopee Savings Bank and is headquartered in Chicopee, Massachusetts. Chicopee Bancorp Inc. has a market cap of $70.9 million; its shares were traded at around $11.1 with and P/S ratio of 2.6.

Added: Dynegy Inc. (DYN)

Charles Brandes added to his holdings in Dynegy Inc. by 46.05%. His purchase prices were between $4.09 and $6.8, with an estimated average price of $5.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 122,772 shares as of 06/30/2010.

Dynegy Inc. is a provider of energy products and services in North America, the United Kingdom and in continental Europe. Dynegy Inc. has a market cap of $493.9 million; its shares were traded at around $2.92 with a P/E ratio of 1.2 and P/S ratio of 0.2.

Added: Hampden Bancorp Inc. (HBNK)

Charles Brandes added to his holdings in Hampden Bancorp Inc. by 52.86%. His purchase prices were between $9.21 and $10.05, with an estimated average price of $9.74. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 50,195 shares as of 06/30/2010.

Hampden Bancorp, Inc. operates as the holding company for Hampden Bank that provides various banking and financial services to individuals and small businesses in and around Hampden County. Hampden Bancorp Inc. has a market cap of $71.2 million; its shares were traded at around $9.95 with and P/S ratio of 2.4. The dividend yield of Hampden Bancorp Inc. stocks is 1.2%.

Added: Bigband Networks Inc. (BBND)

Charles Brandes added to his holdings in Bigband Networks Inc. by 38.48%. His purchase prices were between $2.81 and $3.6, with an estimated average price of $3.12. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 364,417 shares as of 06/30/2010.

BigBand Networks, Inc., is a provider of broadband multimedia infrastructure for video, voice and data. Bigband Networks Inc. has a market cap of $183.2 million; its shares were traded at around $2.71 with and P/S ratio of 1.4.

Added: Integral Systems Inc. (ISYS)

Charles Brandes added to his holdings in Integral Systems Inc. by 46.7%. His purchase prices were between $6.05 and $10.19, with an estimated average price of $7.89. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 77,100 shares as of 06/30/2010.

Integral Systems, Inc. builds satellite ground systems for command and control, integration and test, data processing, and simulation. Integral Systems Inc. has a market cap of $116.4 million; its shares were traded at around $6.65 with and P/S ratio of 0.8.

Added: Fresh Del Monte Produce Inc. (FDP)

Charles Brandes added to his holdings in Fresh Del Monte Produce Inc. by 30.29%. His purchase prices were between $19.49 and $22.39, with an estimated average price of $20.99. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 63,815 shares as of 06/30/2010.

Fresh Del Monte Produce Inc. is a world leader in the production, distribution and marketing of fresh produce. Fresh Del Monte Produce Inc. has a market cap of $1.3 billion; its shares were traded at around $21.01 with a P/E ratio of 8.7 and P/S ratio of 0.4.

Added: M.d.c. Holdings Inc. (MDC)

Charles Brandes added to his holdings in M.d.c. Holdings Inc. by 61.38%. His purchase prices were between $26.8 and $38.94, with an estimated average price of $32.23. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 16,695 shares as of 06/30/2010.

M.D.C. HOLDINGS, INC. is engaged in the construction, sale and related financing of residential housing and the acquisition and development of land for use in its homebuilding activities and sale to others, in the Denver, Phoenix, Maryland, Virginia, mid Atlantic region, Las Vegas, Dallas, California metropolitan areas. M.d.c. Holdings Inc. has a market cap of $1.25 billion; its shares were traded at around $26.51 with and P/S ratio of 1.4. The dividend yield of M.d.c. Holdings Inc. stocks is 3.8%.

Added: Utstarcom Inc. (UTSI)

Charles Brandes added to his holdings in Utstarcom Inc. by 22.92%. His purchase prices were between $1.71 and $3.25, with an estimated average price of $2.38. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 203,237 shares as of 06/30/2010.

Utstarcom Inc. provides communications equipment for service providers that operate wireless and wireline networks in rapidly growing communications markets. Utstarcom Inc. has a market cap of $264.4 million; its shares were traded at around $2.01 with and P/S ratio of 0.7.

Added: Superior Industries International Inc. (SUP)

Charles Brandes added to his holdings in Superior Industries International Inc. by 28.99%. His purchase prices were between $13.73 and $17.98, with an estimated average price of $15.84. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 45,536 shares as of 06/30/2010.

SUPERIOR INDUSTRIES INTL. designs and manufactures cast aluminum road wheels primarily for the domestic original equipment manufacturer (OEMs) market. Superior Industries International Inc. has a market cap of $363.3 million; its shares were traded at around $13.62 with and P/S ratio of 0.8. The dividend yield of Superior Industries International Inc. stocks is 4.7%.

Added: Legacy Bancorp Inc. (LEGC)

Charles Brandes added to his holdings in Legacy Bancorp Inc. by 58.66%. His purchase prices were between $8.24 and $9.73, with an estimated average price of $9.07. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 42,057 shares as of 06/30/2010.

Legacy Bancorp Inc. has a market cap of $69.7 million; its shares were traded at around $8.01 with and P/S ratio of 1.7. The dividend yield of Legacy Bancorp Inc. stocks is 2.5%.

New Purchase: Archer Daniels Midland Company (ADM)

Charles Brandes initiated holdings in Archer Daniels Midland Company. His purchase prices were between $24.51 and $29.11, with an estimated average price of $26.86. The impact to his portfolio due to this purchase was 0.09%. His holdings were 516,991 shares as of 06/30/2010.

Archer Daniels Midland Company is a world leader in agricultural processing and fermentation technology. Archer Daniels Midland Company has a market cap of $19.19 billion; its shares were traded at around $29.84 with a P/E ratio of 9.8 and P/S ratio of 0.3. The dividend yield of Archer Daniels Midland Company stocks is 2.1%. Archer Daniels Midland Company had an annual average earning growth of 21.2% over the past 10 years. GuruFocus rated Archer Daniels Midland Company the business predictability rank of 4-star.

New Purchase: Corning Inc. (GLW)

Charles Brandes initiated holdings in Corning Inc.. His purchase prices were between $16 and $20.92, with an estimated average price of $18.5. The impact to his portfolio due to this purchase was 0.06%. His holdings were 583,900 shares as of 06/30/2010.

Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning Inc. has a market cap of $28.17 billion; its shares were traded at around $18.05 with a P/E ratio of 9.2 and P/S ratio of 5.3. The dividend yield of Corning Inc. stocks is 1.1%. Corning Inc. had an annual average earning growth of 4.9% over the past 5 years.

New Purchase: Aon (AON)

Charles Brandes initiated holdings in Aon. His purchase prices were between $37.72 and $44.26, with an estimated average price of $41.04. The impact to his portfolio due to this purchase was 0.06%. His holdings were 240,793 shares as of 06/30/2010.

Aon Corporation is a holding company whose operating subsidiaries carry onbusiness in three distinct segments: insurance brokerage and other services; consulting; and insurance underwriting. Aon has a market cap of $10.06 billion; its shares were traded at around $37.33 with a P/E ratio of 11.5 and P/S ratio of 1.4. The dividend yield of Aon stocks is 1.6%. Aon had an annual average earning growth of 2.7% over the past 10 years.

New Purchase: Symantec Corp. (SYMC)

Charles Brandes initiated holdings in Symantec Corp.. His purchase prices were between $13.84 and $17.41, with an estimated average price of $15.66. The impact to his portfolio due to this purchase was 0.06%. His holdings were 683,740 shares as of 06/30/2010.

Symantec, a world leader in Internet security technology, provides a broad range of content security solutions to individuals and companies. Symantec Corp. has a market cap of $10.02 billion; its shares were traded at around $12.545 with a P/E ratio of 9.3 and P/S ratio of 1.7. Symantec Corp. had an annual average earning growth of 16% over the past 10 years. GuruFocus rated Symantec Corp. the business predictability rank of 3.5-star.

New Purchase: Kraft Foods Inc. (KFT)

Charles Brandes initiated holdings in Kraft Foods Inc.. His purchase prices were between $28.32 and $31.07, with an estimated average price of $29.71. The impact to his portfolio due to this purchase was 0.04%. His holdings were 215,840 shares as of 06/30/2010.

Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc. has a market cap of $43.76 billion; its shares were traded at around $29.58 with a P/E ratio of 14.1 and P/S ratio of 1.1. The dividend yield of Kraft Foods Inc. stocks is 3.9%. Kraft Foods Inc. had an annual average earning growth of 1.7% over the past 5 years.

New Purchase: Dst Systems Inc. (DST)

Charles Brandes initiated holdings in Dst Systems Inc.. His purchase prices were between $36.32 and $44.69, with an estimated average price of $39.9. The impact to his portfolio due to this purchase was 0.04%. His holdings were 167,870 shares as of 06/30/2010.

DST Systems, Inc. provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies, and provide higher levels of customer service. Dst Systems Inc. has a market cap of $1.96 billion; its shares were traded at around $42 with a P/E ratio of 10 and P/S ratio of 0.9. The dividend yield of Dst Systems Inc. stocks is 0.7%. Dst Systems Inc. had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated Dst Systems Inc. the business predictability rank of 3.5-star.

New Purchase: China Yuchai International Ltd. (CYD)

Charles Brandes initiated holdings in China Yuchai International Ltd.. His purchase prices were between $14.32 and $21.12, with an estimated average price of $17.45. The impact to his portfolio due to this purchase was 0.03%. His holdings were 278,360 shares as of 06/30/2010.

China Yuchai International Ltd is involved in the Automotive Industry. China Yuchai International Ltd. has a market cap of $616.4 million; its shares were traded at around $16.54 with a P/E ratio of 6.3 and P/S ratio of 0.3. The dividend yield of China Yuchai International Ltd. stocks is 2.1%.

New Purchase: Kb Financial Group, Inc. (KB)

Charles Brandes initiated holdings in Kb Financial Group, Inc.. His purchase prices were between $37.81 and $51.88, with an estimated average price of $44.33. The impact to his portfolio due to this purchase was 0.03%. His holdings were 114,456 shares as of 06/30/2010.

KOOKMIN BANK, formerly KB Financial Group Inc., is a commercial bank in Korea. Kb Financial Group, Inc. has a market cap of $15.85 billion; its shares were traded at around $41.02 with a P/E ratio of 18.3 and P/S ratio of 0.6. The dividend yield of Kb Financial Group, Inc. stocks is 0.3%.

New Purchase: Lennar Corp. (LEN.B)

Charles Brandes initiated holdings in Lennar Corp.. His purchase prices were between $11.35 and $17.08, with an estimated average price of $14.08. The impact to his portfolio due to this purchase was 0.02%. His holdings were 233,146 shares as of 06/30/2010.

Lennar Corp is one of the nation's builders of quality homes for all generations, building affordable, move-up and retirement homes. Lennar Corp. has a market cap of $339.3 million; its shares were traded at around $10.85 with and P/S ratio of 0.2. The dividend yield of Lennar Corp. stocks is 1.4%.

New Purchase: Precision Drilling Trust Trust Units (PDS)

Charles Brandes initiated holdings in Precision Drilling Trust Trust Units. His purchase prices were between $5.84 and $8.13, with an estimated average price of $7.19. The impact to his portfolio due to this purchase was 0.01%. His holdings were 222,360 shares as of 06/30/2010.

PRECISION DRILL Corporation is an innovative, performance oriented, integrated oilfield drilling and energy service company. Precision Drilling Trust Trust Units has a market cap of $1.9 billion; its shares were traded at around $6.89 with a P/E ratio of 20.9 and P/S ratio of 1.7.

New Purchase: The Governor And Company Of The Bank Of (IRE)

Charles Brandes initiated holdings in The Governor And Company Of The Bank Of. His purchase prices were between $3.37 and $10.14, with an estimated average price of $6.79. The impact to his portfolio due to this purchase was 0.01%. His holdings were 505,490 shares as of 06/30/2010.

IRELAND BK-ADR is a bank that takes the time and effort to understand your business and help you meet your goals. The Governor And Company Of The Bank Of has a market cap of $1.07 billion; its shares were traded at around $4.33 with and P/S ratio of 0.1.

New Purchase: The First American Corp. (FAF)

Charles Brandes initiated holdings in The First American Corp.. His purchase prices were between $12.31 and $14.48, with an estimated average price of $13.38. The impact to his portfolio due to this purchase was 0.01%. His holdings were 131,978 shares as of 06/30/2010.

First American Financial Corporation provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment..

New Purchase: Territorial Bancorp Inc. (TBNK)

Charles Brandes initiated holdings in Territorial Bancorp Inc.. His purchase prices were between $18.22 and $20.66, with an estimated average price of $19.28. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 11,225 shares as of 06/30/2010.

Territorial Bancorp, Inc. intends to operate as the bank holding company for Territorial Savings Bank, a federally chartered, FDIC-insured savings bank, which provides financial services to individuals, families, and businesses. Territorial Bancorp Inc. has a market cap of $215.1 million; its shares were traded at around $17.58 with a P/E ratio of 16.4 and P/S ratio of 3.3. The dividend yield of Territorial Bancorp Inc. stocks is 1.1%.

New Purchase: Manulife Financial Corp. (MFC)

Charles Brandes initiated holdings in Manulife Financial Corp.. His purchase prices were between $14.65 and $20.39, with an estimated average price of $17.53. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 51,500 shares as of 06/30/2010.

Manulife Financial Corporation is the holding company of The Manufacturers Life Insurance Company and its subsidiaries. Manulife Financial Corp. has a market cap of $22.47 billion; its shares were traded at around $12.81 with a P/E ratio of 1281 and P/S ratio of 0.7. The dividend yield of Manulife Financial Corp. stocks is 4%. Manulife Financial Corp. had an annual average earning growth of 21.8% over the past 10 years. GuruFocus rated Manulife Financial Corp. the business predictability rank of 4.5-star.

New Purchase: Essa Bancorp Inc. (ESSA)

Charles Brandes initiated holdings in Essa Bancorp Inc.. His purchase prices were between $11.65 and $13.38, with an estimated average price of $12.68. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 21,165 shares as of 06/30/2010.

ESSA Bancorp, Inc. operates as the holding company for ESSA Bank & Trust and is the service-oriented financial institution that provides services to individuals, families, and businesses in greater Pocono, Pennsylvania region. Essa Bancorp Inc. has a market cap of $155.2 million; its shares were traded at around $10.93 with a P/E ratio of 24.8 and P/S ratio of 2.6. The dividend yield of Essa Bancorp Inc. stocks is 1.9%.

New Purchase: Medicines Company (MDCO)

Charles Brandes initiated holdings in Medicines Company. His purchase prices were between $7 and $8.7, with an estimated average price of $7.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 44,895 shares as of 06/30/2010.

Medicines Company acquires, develops and commercializes biopharmaceutical products in late stages of development. Medicines Company has a market cap of $665.6 million; its shares were traded at around $12.5 with and P/S ratio of 1.7.

New Purchase: Convergys Corp. (CVG)

Charles Brandes initiated holdings in Convergys Corp.. His purchase prices were between $9.8 and $13.72, with an estimated average price of $11.64. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 36,640 shares as of 06/30/2010.

Convergys Corp. is one of the global leaders in the provision of outsourced, integrated billing and customer care services. Convergys Corp. has a market cap of $1.22 billion; its shares were traded at around $9.85 with a P/E ratio of 8.9 and P/S ratio of 0.4.

Reduced: Quiksilver Inc. (ZQK)

Charles Brandes reduced to his holdings in Quiksilver Inc. by 82.65%. His sale prices were between $3.76 and $6, with an estimated average price of $4.99. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 142,925 shares as of 06/30/2010.

Quiksilver, Inc. is the world's outdoor sports lifestyle company, which designs, produces and distributes a diversified mix of branded apparel, wintersports and golf equipment, footwear, accessories and related products. Quiksilver Inc. has a market cap of $537 million; its shares were traded at around $4.05 with a P/E ratio of 40.5 and P/S ratio of 0.3. Quiksilver Inc. had an annual average earning growth of 4.4% over the past 10 years.

Reduced: Fortune Brands Inc. (FO)

Charles Brandes reduced to his holdings in Fortune Brands Inc. by 32.49%. His sale prices were between $39.94 and $54.54, with an estimated average price of $48.38. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 41,954 shares as of 06/30/2010.

Fortune Brands is a holding company with subsidiaries engaged in themanufacture and sale of home products (plumbing accessories, security devices and tool storage products), office products (stapling equipment, computer accessories and supplies), golf products and spirits and wine. Fortune Brands Inc. has a market cap of $6.8 billion; its shares were traded at around $44.67 with a P/E ratio of 15.5 and P/S ratio of 1.1. The dividend yield of Fortune Brands Inc. stocks is 1.6%.

Reduced: Arlington Asset Investment Corp. (AI)

Charles Brandes reduced to his holdings in Arlington Asset Investment Corp. by 75.08%. His sale prices were between $17.89 and $20.89, with an estimated average price of $19.54. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 17,853 shares as of 06/30/2010.

Arlington Asset Investment Corporation is a publicly traded company that invests on a leveraged basis in residential mortgage-backed securities (MBS), including collateralized mortgage obligations (CMOs). Arlington Asset Investment Corp. has a market cap of $153.1 million; its shares were traded at around $19.94 with a P/E ratio of 2.5 and P/S ratio of 0.9. The dividend yield of Arlington Asset Investment Corp. stocks is 7%.

Reduced: Qlt Inc. (QLTI)

Charles Brandes reduced to his holdings in Qlt Inc. by 76.38%. His sale prices were between $5.25 and $6.46, with an estimated average price of $5.99. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 272,410 shares as of 06/30/2010.

QLT PhotoTherapeutics Inc. is a world leader in the development and commercialization of proprietary pharmaceutical products for use in photodynamic therapy, an emerging field of medicine utilizing light-activated drugs in the treatment of disease. Qlt Inc. has a market cap of $302.7 million; its shares were traded at around $5.69 with and P/S ratio of 7.2.

Reduced: Mds Inc. (MDZ)

Charles Brandes reduced to his holdings in Mds Inc. by 66.16%. His sale prices were between $8.07 and $9.21, with an estimated average price of $8.67. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 187,660 shares as of 06/30/2010.

MDS, Inc. is an international health and life sciences company. Mds Inc. has a market cap of $624.6 million; its shares were traded at around $9.29 with and P/S ratio of 2.7.

Reduced: Braskem S.a. (BAK)

Charles Brandes reduced to his holdings in Braskem S.a. by 63.43%. His sale prices were between $10.98 and $15.08, with an estimated average price of $13.4. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 190,256 shares as of 06/30/2010.

Braskem SA figures as the largest petrochemical operation in Latin America and among the five largest private companies in Brazil. Braskem S.a. has a market cap of $3.97 billion; its shares were traded at around $15.25 with and P/S ratio of 0.5.

Reduced: Biovail Corp. (BVF)

Charles Brandes reduced to his holdings in Biovail Corp. by 91.52%. His sale prices were between $13.84 and $19.76, with an estimated average price of $16.17. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 62,700 shares as of 06/30/2010.

Biovail Corporation is a specialty pharmaceutical company, engaged in the formulation, clinical testing, registration, manufacture and commercialization of pharmaceutical products utilizing advanced drug-delivery technologies. Biovail Corp. has a market cap of $3.59 billion; its shares were traded at around $22.62 with a P/E ratio of 12.9 and P/S ratio of 4.4. The dividend yield of Biovail Corp. stocks is 1.6%. Biovail Corp. had an annual average earning growth of 4.1% over the past 10 years.

Reduced: Lennar Corp. (LEN)

Charles Brandes reduced to his holdings in Lennar Corp. by 29.58%. His sale prices were between $13.97 and $20.71, with an estimated average price of $17.24. The impact to his portfolio due to this sale was -0.02%. Charles Brandes still held 631,288 shares as of 06/30/2010.

Lennar Corp is one of the nation's builders of quality homes for all generations, building affordable, move-up and retirement homes. Lennar Corp. has a market cap of $2.52 billion; its shares were traded at around $13.63 with and P/S ratio of 0.9. The dividend yield of Lennar Corp. stocks is 1.2%.

Reduced: Tomkins Plc (TKS)

Charles Brandes reduced to his holdings in Tomkins Plc by 40.94%. His sale prices were between $13.11 and $15.71, with an estimated average price of $14.51. The impact to his portfolio due to this sale was -0.09%. Charles Brandes still held 2,369,463 shares as of 06/30/2010.

Tomkins is a British based international group of companies focused on manufacturing and committed to achieving consistent long-term growth. Tomkins Plc has a market cap of $4.45 billion; its shares were traded at around $20.15 with and P/S ratio of 1.1. The dividend yield of Tomkins Plc stocks is 1.8%.

Reduced: The Pnc Financial Services Group Inc. (PNC)

Charles Brandes reduced to his holdings in The Pnc Financial Services Group Inc. by 23.68%. His sale prices were between $57.58 and $69.64, with an estimated average price of $63.35. The impact to his portfolio due to this sale was -0.23%. Charles Brandes still held 2,645,550 shares as of 06/30/2010.

The PNC Financial Services Group, Inc. is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services. The Pnc Financial Services Group Inc. has a market cap of $29.85 billion; its shares were traded at around $56.75 with a P/E ratio of 13.8 and P/S ratio of 1.7. The dividend yield of The Pnc Financial Services Group Inc. stocks is 0.7%. The Pnc Financial Services Group Inc. had an annual average earning growth of 3.8% over the past 10 years.

Reduced: Fifth Third Bancorp (FITB)

Charles Brandes reduced to his holdings in Fifth Third Bancorp by 39.31%. His sale prices were between $12.32 and $15.36, with an estimated average price of $13.81. The impact to his portfolio due to this sale was -0.26%. Charles Brandes still held 8,276,717 shares as of 06/30/2010.

Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. Fifth Third Bancorp has a market cap of $9.84 billion; its shares were traded at around $12.38 with and P/S ratio of 1. The dividend yield of Fifth Third Bancorp stocks is 0.3%.

Reduced: Lm Ericsson Telephone Company (ERIC)

Charles Brandes reduced to his holdings in Lm Ericsson Telephone Company by 23.45%. His sale prices were between $9.74 and $12.36, with an estimated average price of $10.71. The impact to his portfolio due to this sale was -0.26%. Charles Brandes still held 15,571,166 shares as of 06/30/2010.

Ericsson is a world-supplier in the fast-growing and dynamic telecommunications and data communications industry, offering advanced communications solutions for mobile and fixed networks, as well as consumer products. Lm Ericsson Telephone Company has a market cap of $34.11 billion; its shares were traded at around $10.42 with a P/E ratio of 19.7 and P/S ratio of 1.2. The dividend yield of Lm Ericsson Telephone Company stocks is 1.8%.

Reduced: Sara Lee Corp. (SLE)

Charles Brandes reduced to his holdings in Sara Lee Corp. by 35.15%. His sale prices were between $13.44 and $14.95, with an estimated average price of $14.34. The impact to his portfolio due to this sale was -0.49%. Charles Brandes still held 15,187,822 shares as of 06/30/2010.

Sara Lee Corporation is a global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world. Sara Lee Corp. has a market cap of $9.57 billion; its shares were traded at around $14.47 with a P/E ratio of 12.2 and P/S ratio of 0.8. The dividend yield of Sara Lee Corp. stocks is 3.1%.

Sold Out: Harleydavidson Inc. (HOG)

Charles Brandes sold out his holdings in Harleydavidson Inc.. His sale prices were between $23.14 and $35.49, with an estimated average price of $30.44.

Harley-Davidson is an American motorcycle manufacturer. Harleydavidson Inc. has a market cap of $6.15 billion; its shares were traded at around $26.1 with a P/E ratio of 31.4 and P/S ratio of 1.5. The dividend yield of Harleydavidson Inc. stocks is 1.5%. Harleydavidson Inc. had an annual average earning growth of 3.5% over the past 10 years.

Sold Out: Ethan Allen Interiors Inc. (ETH)

Charles Brandes sold out his holdings in Ethan Allen Interiors Inc.. His sale prices were between $14.05 and $25.19, with an estimated average price of $19.72.

Ethan Allen Inc. is a manufacturer and retailer of quality home furnishings, offering a full range of furniture products and accessories. Ethan Allen Interiors Inc. has a market cap of $425.4 million; its shares were traded at around $14.61 with and P/S ratio of 0.8. The dividend yield of Ethan Allen Interiors Inc. stocks is 1.3%.

Sold Out: Kingsway Financial Services Inc. (KFS)

Charles Brandes sold out his holdings in Kingsway Financial Services Inc.. His sale prices were between $1.6 and $2.59, with an estimated average price of $1.99.

Kingsway Financial is involved in the insuring of automobile risks for drivers who do not meet the criteria for coverage by standard automobile insurers. Kingsway Financial Services Inc. has a market cap of $103.6 million; its shares were traded at around $1.99 with and P/S ratio of 0.2.

Sold Out: Brunswick Corp. (BC)

Charles Brandes sold out his holdings in Brunswick Corp.. His sale prices were between $12.82 and $22.69, with an estimated average price of $17.63.

Brunswick Corporation is a manufacturer and marketer of consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. Brunswick Corp. has a market cap of $1.35 billion; its shares were traded at around $15.22 with and P/S ratio of 0.5. The dividend yield of Brunswick Corp. stocks is 0.3%.

Sold Out: Affymetrix Inc. (AFFX)

Charles Brandes sold out his holdings in Affymetrix Inc.. His sale prices were between $5.81 and $8.33, with an estimated average price of $6.79.

Affymetrix scientists invented the world's first high-density microarray and began selling the first commercial microarray. Affymetrix Inc. has a market cap of $297.8 million; its shares were traded at around $4.2 with and P/S ratio of 0.9.

Sold Out: Arvinmeritor Inc. (ARM)

Charles Brandes sold out his holdings in Arvinmeritor Inc.. His sale prices were between $13.08 and $16.69, with an estimated average price of $14.88.

ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. Arvinmeritor Inc. has a market cap of $1.4 billion; its shares were traded at around $14.89 with and P/S ratio of 0.4.

Sold Out: Virtus Investment Partners, Inc. (VRTS)

Charles Brandes sold out his holdings in Virtus Investment Partners, Inc.. His sale prices were between $18.76 and $24.93, with an estimated average price of $22.41.

Virtus Investment Partners, Inc., headquartered in Hartford, Connecticut, provides investment management products and services to individuals and institutions in the United States. Virtus Investment Partners, Inc. has a market cap of $151.9 million; its shares were traded at around $25.98 with and P/S ratio of 1.3.

Sold Out: Cisco Systems Inc. (CSCO)

Charles Brandes sold out his holdings in Cisco Systems Inc.. His sale prices were between $21.62 and $27.57, with an estimated average price of $24.84.

Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $135.53 billion; its shares were traded at around $23.73 with a P/E ratio of 18.4 and P/S ratio of 3.7. Cisco Systems Inc. had an annual average earning growth of 20% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3.5-star.

Sold Out: Cincinnati Bell Inc. (CBB)

Charles Brandes sold out his holdings in Cincinnati Bell Inc.. His sale prices were between $2.98 and $3.74, with an estimated average price of $3.31.

Cincinnati Bell provides a wide range of telecommunications products and services to residential and business customers in Ohio, Kentucky and Indiana. Cincinnati Bell Inc. has a market cap of $563.1 million; its shares were traded at around $2.8 with a P/E ratio of 6.3 and P/S ratio of 0.5. Cincinnati Bell Inc. had an annual average earning growth of 2% over the past 5 years.

Sold Out: Time Warner Cable Inc (TWC)

Charles Brandes sold out his holdings in Time Warner Cable Inc. His sale prices were between $48.93 and $57.37, with an estimated average price of $53.24.

Time Warner Cable Inc. is the second-largest cable operator in the U. Time Warner Cable Inc has a market cap of $19.35 billion; its shares were traded at around $54.89 with a P/E ratio of 15.8 and P/S ratio of 1.1. The dividend yield of Time Warner Cable Inc stocks is 2.9%.

Sold Out: Hitachi Ltd. (HIT)

Charles Brandes sold out his holdings in Hitachi Ltd.. His sale prices were between $36.07 and $44.85, with an estimated average price of $40.57.

Hitachi Ltd., headquartered in Tokyo, is one of the world's global electronics companies. Hitachi Ltd. has a market cap of $18.42 billion; its shares were traded at around $40.78 with a P/E ratio of 27.6 and P/S ratio of 0.2.


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