Ken Heebner of CGM Focus fund reported his second quarter portfolio. These are the details of buys and sells.
Ken Heebner, the once hottest mutual fund manager on the earth, had poor years in 2008 and 2009. Mr. Heebner invests in the areas where the macro trends are in favor. He switches directions quickly to take advantage of opportunities. His fund had a turnover of 464% of the average value of its portfolio. For the past 10 years and 5 years, his fund outperformed almost any other fund, although the investors who put money in his fund may have lost a lot of money.
As of 06/30/2010,
Ken Heebner owns 71 stocks with a total value of $5.5 billion. These are the details of the buys and sells.
- New Purchases: AVB, AVGO, AZO, BAC, BBBY, CBG, CBS, CMG, DE, EQR, ESS, HAS, ICE, JCI, JLL, JPM, LNC, MA, MGA, MMM, MU, NTAP, ORLY, PII, PRGO, RMCF, SNDK, TRW, VNO, WHR,
- Added Positions: ALK, BBD, BIDU, BPO, C, CMI, CSCO, DIS, EPR, HOT, INTC, ITUB, MAR, PNC, TGT, TJX,
- Reduced Positions: FDX, HPQ, LCC, UPS,
- Sold Out: AGO, ANR, BHP, BIG, CKEC, CLF, CNK, CPA, DDS, DIN, FCX, GES, GS, JCP, JWN, MEE, MS, MT, NKE, ORCL, PCX, RGC, RTP, SCCO, SKT, STX, TCK, VALE, VTR, WDC, X,
For the details of
Ken Heebner's stock buys and sells, go to
http://www.gurufocus.com/StockBuy.php?GuruName=Ken+HeebnerThis is the
sector weightings of his portfolio: These are the top 5 holdings of Ken Heebner- Ford Motor Company (F) - 59,330,000 shares, 10.87% of the total portfolio. Shares added by 0.02%
- Apple Inc. (AAPL) - 1,151,600 shares, 5.27% of the total portfolio. Shares reduced by 10.86%
- Delta Air Lines Inc. (DAL) - 19,952,000 shares, 4.26% of the total portfolio. Shares reduced by 6.78%
- SanDisk Corp. (SNDK) - 5,195,000 shares, 3.97% of the total portfolio. Shares added by 10000%
- Cummins Inc. (CMI) - 3,249,400 shares, 3.85% of the total portfolio. Shares added by 38.27%
Added: Citigroup Inc. (C, Financial)
Ken Heebner added to his holdings in Citigroup Inc. by 256.58%. His purchase prices were between $3.63 and $4.97, with an estimated average price of $4.15. The impact to his portfolio due to this purchase was 2.65%. His holdings were 53,843,400 shares as of 06/30/2010.
Added: Baidu.com Inc. Ads (BIDU, Financial)
Ken Heebner added to his holdings in Baidu.com Inc. Ads by 223.31%. His purchase prices were between $60 and $78.206, with an estimated average price of $69.26. The impact to his portfolio due to this purchase was 1.84%. His holdings were 2,150,000 shares as of 06/30/2010.
Added: The Pnc Financial Services Group Inc. (PNC, Financial)
Ken Heebner added to his holdings in The Pnc Financial Services Group Inc. by 209.21%. His purchase prices were between $57.58 and $69.64, with an estimated average price of $63.35. The impact to his portfolio due to this purchase was 1.63%. His holdings were 2,350,000 shares as of 06/30/2010.
Ken Heebner added to his holdings in Cummins Inc. by 38.27%. His purchase prices were between $62.34 and $75.79, with an estimated average price of $69.17. The impact to his portfolio due to this purchase was 1.07%. His holdings were 3,249,400 shares as of 06/30/2010.
Added: Marriott International Inc. (MAR, Financial)
Ken Heebner added to his holdings in Marriott International Inc. by 82.02%. His purchase prices were between $30.64 and $37.68, with an estimated average price of $34.1. The impact to his portfolio due to this purchase was 0.71%. His holdings were 2,908,910 shares as of 06/30/2010.
Added: The Tjx Companies Inc. (TJX, Financial)
Ken Heebner added to his holdings in The Tjx Companies Inc. by 28.34%. His purchase prices were between $42.03 and $48.01, with an estimated average price of $45.34. The impact to his portfolio due to this purchase was 0.65%. His holdings were 3,881,600 shares as of 06/30/2010.
Added: The Walt Disney Company Disney (DIS, Financial)
Ken Heebner added to his holdings in The Walt Disney Company Disney by 72.76%. His purchase prices were between $31.99 and $37.56, with an estimated average price of $34.79. The impact to his portfolio due to this purchase was 0.47%. His holdings were 1,948,900 shares as of 06/30/2010.
Added: Starwood Hotels & Resorts Worldwide Inc. (HOT, Financial)
Ken Heebner added to his holdings in Starwood Hotels & Resorts Worldwide Inc. by 117.65%. His purchase prices were between $42.07 and $56.29, with an estimated average price of $48.47. The impact to his portfolio due to this purchase was 0.45%. His holdings were 1,110,000 shares as of 06/30/2010.
Ken Heebner added to his holdings in Target Corp. by 125.79%. His purchase prices were between $49 and $58.05, with an estimated average price of $54.62. The impact to his portfolio due to this purchase was 0.43%. His holdings were 858,000 shares as of 06/30/2010.
Added: Cisco Systems Inc. (CSCO, Financial)
Ken Heebner added to his holdings in Cisco Systems Inc. by 131.25%. His purchase prices were between $21.62 and $27.57, with an estimated average price of $24.84. The impact to his portfolio due to this purchase was 0.41%. His holdings were 1,850,000 shares as of 06/30/2010.
Added: Itau Unibanco Banco Multiplo S.a. (ITUB, Financial)
Ken Heebner added to his holdings in Itau Unibanco Banco Multiplo S.a. by 114.93%. His purchase prices were between $17.1 and $22.74, with an estimated average price of $20.12. The impact to his portfolio due to this purchase was 0.39%. His holdings were 2,206,705 shares as of 06/30/2010.
Added: Banco Bradesco S.a. (BBD, Financial)
Ken Heebner added to his holdings in Banco Bradesco S.a. by 141.56%. His purchase prices were between $14.2182 and $17.4909, with an estimated average price of $15.9. The impact to his portfolio due to this purchase was 0.36%. His holdings were 2,098,880 shares as of 06/30/2010.
Added: Intel Corp. (INTC)
Ken Heebner added to his holdings in Intel Corp. by 39.67%. His purchase prices were between $19.79 and $24.221, with an estimated average price of $21.93. The impact to his portfolio due to this purchase was 0.32%. His holdings were 3,212,500 shares as of 06/30/2010.
Added: Entertainment Properties Trust (EPR)
Ken Heebner added to his holdings in Entertainment Properties Trust by 60.86%. His purchase prices were between $37.82 and $46.46, with an estimated average price of $41.97. The impact to his portfolio due to this purchase was 0.32%. His holdings were 1,222,500 shares as of 06/30/2010.
Added: Alaska Air Group Inc. (ALK)
Ken Heebner added to his holdings in Alaska Air Group Inc. by 1380%. His purchase prices were between $39.63 and $53.3, with an estimated average price of $45.48. The impact to his portfolio due to this purchase was 0.17%. His holdings were 222,000 shares as of 06/30/2010.
Added: Brookfield Properties Corp. (BPO)
Ken Heebner added to his holdings in Brookfield Properties Corp. by 9.74%. His purchase prices were between $13.72 and $16.54, with an estimated average price of $15.15. The impact to his portfolio due to this purchase was 0.11%. His holdings were 4,730,000 shares as of 06/30/2010.
New Purchase: Sandisk Corp. (SNDK)
Ken Heebner initiated holdings in Sandisk Corp.. His purchase prices were between $34.71 and $49.7, with an estimated average price of $42.34. The impact to his portfolio due to this purchase was 3.97%. His holdings were 5,195,000 shares as of 06/30/2010.
New Purchase: Micron Technology Inc. (MU)
Ken Heebner initiated holdings in Micron Technology Inc.. His purchase prices were between $8.38 and $11.18, with an estimated average price of $9.63. The impact to his portfolio due to this purchase was 3.27%. His holdings were 21,175,800 shares as of 06/30/2010.
New Purchase: Whirlpool Corp. (WHR)
Ken Heebner initiated holdings in Whirlpool Corp.. His purchase prices were between $87.77 and $112.42, with an estimated average price of $99.92. The impact to his portfolio due to this purchase was 3.1%. His holdings were 1,941,200 shares as of 06/30/2010.
New Purchase: O'reilly Automotive Inc. (ORLY)
Ken Heebner initiated holdings in O'reilly Automotive Inc.. His purchase prices were between $41.61 and $51.4, with an estimated average price of $47.54. The impact to his portfolio due to this purchase was 3.07%. His holdings were 3,550,000 shares as of 06/30/2010.
New Purchase: Deere & Company (DE)
Ken Heebner initiated holdings in Deere & Company. His purchase prices were between $54.78 and $62.21, with an estimated average price of $59.01. The impact to his portfolio due to this purchase was 3.01%. His holdings were 2,970,000 shares as of 06/30/2010.
New Purchase: Magna International Inc. (MGA)
Ken Heebner initiated holdings in Magna International Inc.. His purchase prices were between $62.53 and $75.93, with an estimated average price of $67.24. The impact to his portfolio due to this purchase was 2.8%. His holdings were 2,333,000 shares as of 06/30/2010.
New Purchase: Netapp Inc Common Stock (NTAP)
Ken Heebner initiated holdings in Netapp Inc Common Stock. His purchase prices were between $31.47 and $41.78, with an estimated average price of $36.16. The impact to his portfolio due to this purchase was 2.51%. His holdings were 3,700,000 shares as of 06/30/2010.
New Purchase: Equity Residential (EQR)
Ken Heebner initiated holdings in Equity Residential. His purchase prices were between $39.13 and $48.1, with an estimated average price of $43.96. The impact to his portfolio due to this purchase was 1.24%. His holdings were 1,640,000 shares as of 06/30/2010.
New Purchase: Avalonbay Communities Inc. (AVB)
Ken Heebner initiated holdings in Avalonbay Communities Inc.. His purchase prices were between $85.74 and $108.49, with an estimated average price of $98.06. The impact to his portfolio due to this purchase was 1.21%. His holdings were 715,000 shares as of 06/30/2010.
New Purchase: Essex Property Trust Inc. (ESS)
Ken Heebner initiated holdings in Essex Property Trust Inc.. His purchase prices were between $90.86 and $111.15, with an estimated average price of $103.31. The impact to his portfolio due to this purchase was 1.19%. His holdings were 670,000 shares as of 06/30/2010.
New Purchase: Vornado Realty Trust (VNO)
Ken Heebner initiated holdings in Vornado Realty Trust. His purchase prices were between $71.79 and $86.36, with an estimated average price of $78.42. The impact to his portfolio due to this purchase was 1.19%. His holdings were 900,000 shares as of 06/30/2010.
New Purchase: Cb Richard Ellis Group Inc. (CBG)
Ken Heebner initiated holdings in Cb Richard Ellis Group Inc.. His purchase prices were between $13.95 and $17.68, with an estimated average price of $15.93. The impact to his portfolio due to this purchase was 0.98%. His holdings were 3,950,000 shares as of 06/30/2010.
New Purchase: Intercontinentalexchange Inc. (ICE)
Ken Heebner initiated holdings in Intercontinentalexchange Inc.. His purchase prices were between $106.17 and $126.94, with an estimated average price of $116.16. The impact to his portfolio due to this purchase was 0.93%. His holdings were 454,800 shares as of 06/30/2010.
New Purchase: Jones Lang Lasalle Inc. (JLL)
Ken Heebner initiated holdings in Jones Lang Lasalle Inc.. His purchase prices were between $66.42 and $81.74, with an estimated average price of $74.74. The impact to his portfolio due to this purchase was 0.88%. His holdings were 740,000 shares as of 06/30/2010.
New Purchase: 3m Company (MMM)
Ken Heebner initiated holdings in 3m Company. His purchase prices were between $74.74 and $89.81, with an estimated average price of $82.38. The impact to his portfolio due to this purchase was 0.8%. His holdings were 560,000 shares as of 06/30/2010.
New Purchase: Hasbro Inc. (HAS)
Ken Heebner initiated holdings in Hasbro Inc.. His purchase prices were between $38.11 and $43, with an estimated average price of $40.25. The impact to his portfolio due to this purchase was 0.78%. His holdings were 1,047,800 shares as of 06/30/2010.
New Purchase: Bank Of America Corp. (BAC)
Ken Heebner initiated holdings in Bank Of America Corp.. His purchase prices were between $14.57 and $19.48, with an estimated average price of $16.73. The impact to his portfolio due to this purchase was 0.64%. His holdings were 2,450,000 shares as of 06/30/2010.
New Purchase: Autozone Inc. (AZO)
Ken Heebner initiated holdings in Autozone Inc.. His purchase prices were between $173.53 and $196.23, with an estimated average price of $185.37. The impact to his portfolio due to this purchase was 0.5%. His holdings were 141,200 shares as of 06/30/2010.
New Purchase: Johnson Controls Inc. (JCI)
Ken Heebner initiated holdings in Johnson Controls Inc.. His purchase prices were between $25.9 and $35.01, with an estimated average price of $30.38. The impact to his portfolio due to this purchase was 0.48%. His holdings were 990,000 shares as of 06/30/2010.
New Purchase: Cbs Corp. (CBS)
Ken Heebner initiated holdings in Cbs Corp.. His purchase prices were between $13.25 and $16.71, with an estimated average price of $14.92. The impact to his portfolio due to this purchase was 0.38%. His holdings were 1,600,000 shares as of 06/30/2010.
New Purchase: Perrigo Company (PRGO)
Ken Heebner initiated holdings in Perrigo Company. His purchase prices were between $55.82 and $64.35, with an estimated average price of $59.57. The impact to his portfolio due to this purchase was 0.34%. His holdings were 316,900 shares as of 06/30/2010.
New Purchase: Lincoln National Corp. (LNC)
Ken Heebner initiated holdings in Lincoln National Corp.. His purchase prices were between $24.62 and $32.9, with an estimated average price of $28.68. The impact to his portfolio due to this purchase was 0.34%. His holdings were 780,000 shares as of 06/30/2010.
New Purchase: Jpmorgan Chase & Co. (JPM)
Ken Heebner initiated holdings in Jpmorgan Chase & Co.. His purchase prices were between $36.72 and $47.81, with an estimated average price of $41.21. The impact to his portfolio due to this purchase was 0.3%. His holdings were 445,000 shares as of 06/30/2010.
New Purchase: Mastercard Inc. (MA)
Ken Heebner initiated holdings in Mastercard Inc.. 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 0.3%. His holdings were 82,200 shares as of 06/30/2010.
New Purchase: Bed Bath & Beyond Inc. (BBBY)
Ken Heebner initiated holdings in Bed Bath & Beyond Inc.. His purchase prices were between $37.61 and $48.25, with an estimated average price of $44.38. The impact to his portfolio due to this purchase was 0.24%. His holdings were 350,000 shares as of 06/30/2010.
New Purchase: Chipotle Mexican Grill Inc. (CMG)
Ken Heebner initiated holdings in Chipotle Mexican Grill Inc.. His purchase prices were between $114.48 and $152.92, with an estimated average price of $137.79. The impact to his portfolio due to this purchase was 0.15%. His holdings were 60,000 shares as of 06/30/2010.
New Purchase: Trw Automotive Holdings Corp. (TRW)
Ken Heebner initiated holdings in Trw Automotive Holdings Corp.. His purchase prices were between $26.75 and $34.46, with an estimated average price of $31.3. The impact to his portfolio due to this purchase was 0.13%. His holdings were 257,000 shares as of 06/30/2010.
New Purchase: Polaris Industries Inc. (PII)
Ken Heebner initiated holdings in Polaris Industries Inc.. His purchase prices were between $51.67 and $64.86, with an estimated average price of $58.16. The impact to his portfolio due to this purchase was 0.12%. His holdings were 125,000 shares as of 06/30/2010.
New Purchase: Avago Technologies Ltd. (AVGO)
Ken Heebner initiated holdings in Avago Technologies Ltd.. His purchase prices were between $19.2 and $23.35, with an estimated average price of $21.01. The impact to his portfolio due to this purchase was 0.08%. His holdings were 200,000 shares as of 06/30/2010.
New Purchase: Rocky Mountain Chocolate Factory Inc. (RMCF)
Ken Heebner initiated holdings in Rocky Mountain Chocolate Factory Inc.. His purchase prices were between $8.9 and $9.8, with an estimated average price of $9.46. The impact to his portfolio due to this purchase was 0.01%. His holdings were 62,600 shares as of 06/30/2010.
Reduced: Us Airways Group Inc. (LCC)
Ken Heebner reduced to his holdings in Us Airways Group Inc. by 33.73%. His sale prices were between $6.33 and $10.74, with an estimated average price of $7.95. The impact to his portfolio due to this sale was -0.06%.
Ken Heebner still held 1,120,000 shares as of 06/30/2010.
Reduced: Hewlettpackard Company (HPQ)
Ken Heebner reduced to his holdings in Hewlettpackard Company by 80.78%. His sale prices were between $44.3 and $54.26, with an estimated average price of $49.29. The impact to his portfolio due to this sale was -0.13%.
Ken Heebner still held 200,000 shares as of 06/30/2010.
Reduced: United Parcel Service, Inc. (UPS)
Ken Heebner reduced to his holdings in United Parcel Service, Inc. by 25.78%. His sale prices were between $57.54 and $70.7, with an estimated average price of $64.21. The impact to his portfolio due to this sale was -0.24%.
Ken Heebner still held 903,400 shares as of 06/30/2010.
Reduced: Fedex Corp. (FDX)
Ken Heebner reduced to his holdings in Fedex Corp. by 69.36%. His sale prices were between $71.51 and $95.62, with an estimated average price of $85.19. The impact to his portfolio due to this sale was -0.94%.
Ken Heebner still held 1,060,000 shares as of 06/30/2010.
Sold Out: United States Steel Corp. (X)
Ken Heebner sold out his holdings in United States Steel Corp.. His sale prices were between $39.11 and $69.71, with an estimated average price of $51.75.
Sold Out: Companhia Vale Do Rio Doce (VALE)
Ken Heebner sold out his holdings in Companhia Vale Do Rio Doce. His sale prices were between $23.98 and $34, with an estimated average price of $28.8.
Sold Out: Teck Cominco Ltd. (TCK)
Ken Heebner sold out his holdings in Teck Cominco Ltd.. His sale prices were between $29.36 and $46.63, with an estimated average price of $36.9.
Sold Out: Ventas Inc. (VTR)
Ken Heebner sold out his holdings in Ventas Inc.. His sale prices were between $44.18 and $50.14, with an estimated average price of $47.32.
Sold Out: Regal Entertainment Group (RGC)
Ken Heebner sold out his holdings in Regal Entertainment Group. His sale prices were between $13.16 and $18.25, with an estimated average price of $15.85.
Sold Out: Seagate Technology (STX)
Ken Heebner sold out his holdings in Seagate Technology. His sale prices were between $13.38 and $20.77, with an estimated average price of $17.03.
Sold Out: Western Digital Corp. (WDC)
Ken Heebner sold out his holdings in Western Digital Corp.. His sale prices were between $30.67 and $44.71, with an estimated average price of $37.59.
Sold Out: Rio Tinto Plc (RTP)
Ken Heebner sold out his holdings in Rio Tinto Plc. His sale prices were between $39.87 and $61.555, with an estimated average price of $50.59.
Sold Out: Southern Copper Corp. (SCCO)
Ken Heebner sold out his holdings in Southern Copper Corp.. His sale prices were between $26.19 and $35.03, with an estimated average price of $30.15.
Sold Out: Tanger Factory Outlet Centers (SKT)
Ken Heebner sold out his holdings in Tanger Factory Outlet Centers. His sale prices were between $38.59 and $44.43, with an estimated average price of $41.81.
Sold Out: Patriot Coal Corp. (PCX)
Ken Heebner sold out his holdings in Patriot Coal Corp.. His sale prices were between $12.03 and $23.81, with an estimated average price of $18.19.
Sold Out: Dineequity Inc (DIN)
Ken Heebner sold out his holdings in Dineequity Inc. His sale prices were between $28.34 and $47.38, with an estimated average price of $36.39.
Sold Out: Dillard's Inc. (DDS)
Ken Heebner sold out his holdings in Dillard's Inc.. His sale prices were between $21.1 and $30.93, with an estimated average price of $26.8.
Sold Out: Copa Holdings S.a. (CPA)
Ken Heebner sold out his holdings in Copa Holdings S.a.. His sale prices were between $43.82 and $62.63, with an estimated average price of $53.16.
Sold Out: Cinemark Holdings Inc. (CNK)
Ken Heebner sold out his holdings in Cinemark Holdings Inc.. His sale prices were between $13.57 and $19.35, with an estimated average price of $16.93.
Sold Out: Cliffs Natural Resources, Inc. (CLF)
Ken Heebner sold out his holdings in Cliffs Natural Resources, Inc.. His sale prices were between $47.35 and $74.85, with an estimated average price of $59.81.
Sold Out: Carmike Cinemas Inc. (CKEC)
Ken Heebner sold out his holdings in Carmike Cinemas Inc.. His sale prices were between $6.13 and $18.59, with an estimated average price of $12.56.
Sold Out: Big Lots Inc. (BIG)
Ken Heebner sold out his holdings in Big Lots Inc.. His sale prices were between $31.56 and $41.14, with an estimated average price of $36.31.
Sold Out: Bhp Billiton Ltd. (BHP)
Ken Heebner sold out his holdings in Bhp Billiton Ltd.. His sale prices were between $58.44 and $82.86, with an estimated average price of $70.04.
Sold Out: Guess ? Inc. (GES)
Ken Heebner sold out his holdings in Guess ? Inc.. His sale prices were between $31.56 and $50.26, with an estimated average price of $40.12.
Sold Out: Goldman Sachs Group Inc. The (GS)
Ken Heebner sold out his holdings in Goldman Sachs Group Inc. The. His sale prices were between $133.44 and $184.27, with an estimated average price of $148.68.
Sold Out: Assured Guaranty Ltd. (AGO)
Ken Heebner sold out his holdings in Assured Guaranty Ltd.. His sale prices were between $13.25 and $24.62, with an estimated average price of $18.31.
Sold Out: Oracle Corp. (ORCL)
Ken Heebner sold out his holdings in Oracle Corp.. His sale prices were between $21.54 and $26.4825, with an estimated average price of $24.01.
Sold Out: Nike Inc. (NKE)
Ken Heebner sold out his holdings in Nike Inc.. His sale prices were between $68.17 and $78.23, with an estimated average price of $73.82.
Sold Out: Arcelormittal Sa, Luxembourgn Y Registry Shs (MT)
Ken Heebner sold out his holdings in Arcelormittal Sa, Luxembourgn Y Registry Shs. His sale prices were between $26.64 and $46.95, with an estimated average price of $35.3.
Sold Out: Morgan Stanley (MS)
Ken Heebner sold out his holdings in Morgan Stanley. His sale prices were between $23.45 and $31.94, with an estimated average price of $27.79.
Sold Out: Freeportmcmoran Copper & Gold Inc. (FCX)
Ken Heebner sold out his holdings in Freeportmcmoran Copper & Gold Inc.. His sale prices were between $58.66 and $87.33, with an estimated average price of $71.84.
Sold Out: Massey Energy Company (MEE)
Ken Heebner sold out his holdings in Massey Energy Company. His sale prices were between $27.95 and $54.69, with an estimated average price of $36.33.
Sold Out: Nordstrom Inc. (JWN)
Ken Heebner sold out his holdings in Nordstrom Inc.. His sale prices were between $32.51 and $45.9, with an estimated average price of $40.07.
Sold Out: J.c. Penney Company Inc. (JCP)
Ken Heebner sold out his holdings in J.c. Penney Company Inc.. His sale prices were between $21.75 and $33.67, with an estimated average price of $28.23.
Sold Out: Alpha Natural Resources Inc. (ANR)
Ken Heebner sold out his holdings in Alpha Natural Resources Inc.. His sale prices were between $32.07 and $54.39, with an estimated average price of $42.49.
