As we conclude the updates of the portfolios of gurus for the second quarter, we want to look into their portfolios to see what stocks they keep on buying and selling. After checking Warren Buffett’s portfolio, we want to see what Bruce Berkowitz keeps on buying and selling.
If you are not familiar with Bruce Berkowitz, you should. He was the most successful mutual fund manager of our time. He was named GuruFocus Investment Guru of the Year in 2009, also Manager of the Decade by Morningstar. These articles will help you to understand more about him.
To check the complete list of of Bruce Berkowitz, please go to http://www.gurufocus.com/holdings.php?GuruName=Bruce+Berkowitz
Citigroup Inc. has a market cap of $106.07 billion; its shares were traded at around $3.66 with the P/S ratio of 1.2.
It is not clear why Bruce Berkowitz keeps buying Citigroup. But it is likely that because he sees a Fairly Normal Recovery, according to our columnist CanadianValue. He thinks that it is the reason why Berkowitz is buying all financials.
RSC HOLDINGS is one of the largest equipment rental providers in North America. RSC Holdings Inc. has a market cap of $639.1 million; its shares were traded at around $6.18 with and P/S ratio of 0.5. The prices of RSC has been about flat since he started buying.
Bruce Berkowitz started buying Sears in 2005 at much higher prices. Sears was traded at as high as $180. As the prices declined, Bruce Berkowitz bought more in 2007 and 2008. As SHLD are traded at around $63 today, Bruce Berkowitz is having a loss with the position.
Also read the interesting article by CanadianValue: Did Sears Holdings Really Drop From $120 in April to $60 Today ? How did the value of the business change by $ 7 billion? - Aug, 20, 2010
Bruce Berkowitz bought many health care related stocks in 2008. The largest position was Pfizer (PFE), accounting for more than 10% of his fund. But he has since sold most of his healthcare positions.
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Humana Inc. has a market cap of $8.22 billion; its shares were traded at around $48.32 with a P/E ratio of 7.4 and P/S ratio of 0.3. Humana Inc. had an annual average earning growth of 23.5% over the past 10 years. GuruFocus rated Humana Inc. the business predictability rank of 3.5-star.
ACF has been a big winner for Bruce Berkowitz. He started buying ACF at the beginning of the market crash in the first quarter of 2008. As the price declined, he doubled his position, and has an average cost of above $10. ACF prices felt to less than $3 at one time, Fairholme has a paper loss of more than 70%. But the prices then recovered drastically. ACF will be acquired by GM at $24.5 a share. Eventually Bruce Berkowitz more than doubled his money with this investment. Fairholme, Leucadia big winners in GM-AmeriCredit deal - Jul, 22, 2010.
Bruce bought into his positions at prices around $12. As prices doubled, he is reducing his positions.
SPIRIT AEROSYSTEMS is the world's largest independent supplier of commercial airplane assemblies and components. Spirit Aerosystems Holdings Inc. has a market cap of $2.68 billion; its shares were traded at around $19.01 with a P/E ratio of 9.8 and P/S ratio of 0.7.
Bruce bought into the position in the middle of the market crash of 2008, he continued to add to his position in the first half of 2009. The price has gained more than 5 times from the bottom, Bruce Berkowitz is reducing his positions.
HERTZ GLOBAL HOLDING is the worlds largest general use car rental brand, operating from approximately 8,100 locations in 147 countries worldwide. Hertz Global Holdings Inc. has a market cap of $3.57 billion; its shares were traded at around $8.67 with a P/E ratio of 24.1 and P/S ratio of 0.5.
To check the complete list of of Bruce Berkowitz, please go to http://www.gurufocus.com/holdings.php?GuruName=Bruce+Berkowitz
If you are not familiar with Bruce Berkowitz, you should. He was the most successful mutual fund manager of our time. He was named GuruFocus Investment Guru of the Year in 2009, also Manager of the Decade by Morningstar. These articles will help you to understand more about him.
- Bruce Berkowitz Shareholder Letter - Jan, 29, 2010
- Fairholme Fund Conference Call of Sept. 30 Transcript - Oct, 12, 2009
- Fortune: Hunting for bargain-bin value stocks - Sep, 29, 2009
- Where Are The Wise Money Managers? - Jan, 06, 2009
- Bruce Berkowitz's Fairholm Fund Rejiggers - Jan, 03, 2009
- Fairholme Sees Market Full of Values - Nov, 19, 2008
To check the complete list of of Bruce Berkowitz, please go to http://www.gurufocus.com/holdings.php?GuruName=Bruce+Berkowitz
Stocks that Bruce Berkowitz keeps on buying:
No. 1: Citigroup Inc. (C, Financial), Weightings: 8.56% - 237,323,200 Shares
Bruce Berkowitz owns 237,323,200 shares of C, valued as $892 million as of Jun. 30, 2010, which accounts for 8.56% of his equity portfolio. Bruce Berkowitz added his positions in the Mar. 31, 2010 quarter by 5.94%, again in the Jun. 30, 2010 quarter by 4.34%.Citigroup Inc. has a market cap of $106.07 billion; its shares were traded at around $3.66 with the P/S ratio of 1.2.
It is not clear why Bruce Berkowitz keeps buying Citigroup. But it is likely that because he sees a Fairly Normal Recovery, according to our columnist CanadianValue. He thinks that it is the reason why Berkowitz is buying all financials.
No. 2: RSC Holdings Inc. (RRR, Financial), Weightings: 0.88% - 14,838,500 Shares
Bruce Berkowitz owns 14,838,500 shares of RRR, valued as $92 million as of Jun. 30, 2010, which accounts for 0.88% of his equity portfolio. Bruce Berkowitz added his positions in the Mar. 31, 2010 quarter by 32.62%, again in the Jun. 30, 2010 quarter by 3.47%. Bruce Berkowitz started the position with RSC in the second quarter of 2009.RSC HOLDINGS is one of the largest equipment rental providers in North America. RSC Holdings Inc. has a market cap of $639.1 million; its shares were traded at around $6.18 with and P/S ratio of 0.5. The prices of RSC has been about flat since he started buying.
Stocks that Bruce Berkowitz Keeps Selling
No. 1: Sears Holdings Corp. (SHLD, Financial), Weightings: 8.7% - 14,037,171 Shares
Bruce Berkowitz owns 14,037,171 shares of SHLD, valued as $908 million as of Jun. 30, 2010, which accounts for 8.7% of his equity portfolio. Bruce Berkowitz reduced his positions in the Mar. 31, 2010 quarter by 1.59%, again in the Jun. 30, 2010 quarter by 4.6%.Bruce Berkowitz started buying Sears in 2005 at much higher prices. Sears was traded at as high as $180. As the prices declined, Bruce Berkowitz bought more in 2007 and 2008. As SHLD are traded at around $63 today, Bruce Berkowitz is having a loss with the position.
Also read the interesting article by CanadianValue: Did Sears Holdings Really Drop From $120 in April to $60 Today ? How did the value of the business change by $ 7 billion? - Aug, 20, 2010
No. 2: Humana Inc. (HUM, Financial), Weightings: 5.74% - 13,105,900 Shares
Bruce Berkowitz owns 13,105,900 shares of HUM, valued as $599 million as of Jun. 30, 2010, which accounts for 5.74% of his equity portfolio. Bruce Berkowitz reduced his positions in the Mar. 31, 2010 quarter by 0.51%, again in the Jun. 30, 2010 quarter by 17.05%.Bruce Berkowitz bought many health care related stocks in 2008. The largest position was Pfizer (PFE), accounting for more than 10% of his fund. But he has since sold most of his healthcare positions.
Add a paragraph here!
Try company press releases: Company Website to find headlines.
Or Please check headlines and describe the current events of the company. Use this Yahoo link to find headlines.
Humana Inc. has a market cap of $8.22 billion; its shares were traded at around $48.32 with a P/E ratio of 7.4 and P/S ratio of 0.3. Humana Inc. had an annual average earning growth of 23.5% over the past 10 years. GuruFocus rated Humana Inc. the business predictability rank of 3.5-star.
No. 3: AmeriCredit Corp. (ACF, Financial), Weightings: 4.33% - 24,811,195 Shares
Bruce Berkowitz owns 24,811,195 shares of ACF, valued as $452 million as of Jun. 30, 2010, which accounts for 4.33% of his equity portfolio. Bruce Berkowitz reduced his positions in the Mar. 31, 2010 quarter by 13.23%, again in the Jun. 30, 2010 quarter by 19.11%.ACF has been a big winner for Bruce Berkowitz. He started buying ACF at the beginning of the market crash in the first quarter of 2008. As the price declined, he doubled his position, and has an average cost of above $10. ACF prices felt to less than $3 at one time, Fairholme has a paper loss of more than 70%. But the prices then recovered drastically. ACF will be acquired by GM at $24.5 a share. Eventually Bruce Berkowitz more than doubled his money with this investment. Fairholme, Leucadia big winners in GM-AmeriCredit deal - Jul, 22, 2010.
No. 4: Spirit AeroSystems Holdings Inc. (SPR, Financial), Weightings: 4.15% - 22,700,398 Shares
Bruce Berkowitz owns 22,700,398 shares of SPR, valued as $433 million as of Jun. 30, 2010, which accounts for 4.15% of his equity portfolio. Bruce Berkowitz reduced his positions in the Mar. 31, 2010 quarter by 15.9%, again in the Jun. 30, 2010 quarter by 1.62%.Bruce bought into his positions at prices around $12. As prices doubled, he is reducing his positions.
SPIRIT AEROSYSTEMS is the world's largest independent supplier of commercial airplane assemblies and components. Spirit Aerosystems Holdings Inc. has a market cap of $2.68 billion; its shares were traded at around $19.01 with a P/E ratio of 9.8 and P/S ratio of 0.7.
No. 5: Hertz Global Holdings Inc. (HTZ, Financial), Weightings: 2.62% - 28,926,400 Shares
Bruce Berkowitz owns 28,926,400 shares of HTZ, valued as $274 million as of Jun. 30, 2010, which accounts for 2.62% of his equity portfolio. Bruce Berkowitz reduced his positions in the Mar. 31, 2010 quarter by 5%, again in the Jun. 30, 2010 quarter by 48.51%.Bruce bought into the position in the middle of the market crash of 2008, he continued to add to his position in the first half of 2009. The price has gained more than 5 times from the bottom, Bruce Berkowitz is reducing his positions.
HERTZ GLOBAL HOLDING is the worlds largest general use car rental brand, operating from approximately 8,100 locations in 147 countries worldwide. Hertz Global Holdings Inc. has a market cap of $3.57 billion; its shares were traded at around $8.67 with a P/E ratio of 24.1 and P/S ratio of 0.5.
To check the complete list of of Bruce Berkowitz, please go to http://www.gurufocus.com/holdings.php?GuruName=Bruce+Berkowitz
