This week on , a rare television interview with “Great Investor” Bruce Berkowitz. Morningstar’s Fund Manager of the Decade is raising eyebrows by investing more than half of his Fairholme Fund in beaten down financial stocks. He’ll explain why he believes it will pay off.
Go to Consuelo Mack WealthTrack website for more interviews and transcripts.
As a background information for you when you watch the show, here are Berkowitz’s top holdings as of June 30, 2010.
No. 1: American International Group Inc. (AIG, Financial), Weightings: 10.83% - 32,789,000 Shares
American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American International Group Inc. has a market cap of $4.75 billion; its shares were traded at around $35.2 .
No. 2: Sears Holdings Corp. (SHLD, Financial), Weightings: 8.7% - 14,037,171 Shares
Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co. Sears Holdings Corp. has a market cap of $7.18 billion; its shares were traded at around $62.47 with a P/E ratio of 22 and P/S ratio of 0.2.
No. 3: Citigroup Inc. (C, Financial), Weightings: 8.56% - 237,323,200 Shares
Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $108.97 billion; its shares were traded at around $3.76 with and P/S ratio of 1.2.
No. 4: Goldman Sachs Group Inc. (GS, Financial), Weightings: 7.54% - 5,990,601 Shares
Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $71.94 billion; its shares were traded at around $139.75 with a P/E ratio of 6.4 and P/S ratio of 1.5. The dividend yield of Goldman Sachs Group Inc. The stocks is 0.9%. Goldman Sachs Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.
No. 5: Bank of America Corp. (BAC, Financial), Weightings: 7.45% - 54,092,500 Shares
Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $109.45 billion; its shares were traded at around $12.64 with and P/S ratio of 0.7. The dividend yield of Bank Of America Corp. stocks is 0.3%.
No. 6: The St. Joe Company (JOE, Financial), Weightings: 5.95% - 26,799,155 Shares
St. Joe Company is one of the Southeast's largest real estate operating companies. The St. Joe Company has a market cap of $2.27 billion; its shares were traded at around $24.52 with and P/S ratio of 16.4.
GuruFocus Follows Bruce Berkowitz’s complete stock portfolio and you can access the information here.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Bruce Berkowitz for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
Go to Consuelo Mack WealthTrack website for more interviews and transcripts.
As a background information for you when you watch the show, here are Berkowitz’s top holdings as of June 30, 2010.
No. 1: American International Group Inc. (AIG, Financial), Weightings: 10.83% - 32,789,000 Shares
American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American International Group Inc. has a market cap of $4.75 billion; its shares were traded at around $35.2 .
No. 2: Sears Holdings Corp. (SHLD, Financial), Weightings: 8.7% - 14,037,171 Shares
Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co. Sears Holdings Corp. has a market cap of $7.18 billion; its shares were traded at around $62.47 with a P/E ratio of 22 and P/S ratio of 0.2.
No. 3: Citigroup Inc. (C, Financial), Weightings: 8.56% - 237,323,200 Shares
Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $108.97 billion; its shares were traded at around $3.76 with and P/S ratio of 1.2.
No. 4: Goldman Sachs Group Inc. (GS, Financial), Weightings: 7.54% - 5,990,601 Shares
Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $71.94 billion; its shares were traded at around $139.75 with a P/E ratio of 6.4 and P/S ratio of 1.5. The dividend yield of Goldman Sachs Group Inc. The stocks is 0.9%. Goldman Sachs Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.
No. 5: Bank of America Corp. (BAC, Financial), Weightings: 7.45% - 54,092,500 Shares
Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $109.45 billion; its shares were traded at around $12.64 with and P/S ratio of 0.7. The dividend yield of Bank Of America Corp. stocks is 0.3%.
No. 6: The St. Joe Company (JOE, Financial), Weightings: 5.95% - 26,799,155 Shares
St. Joe Company is one of the Southeast's largest real estate operating companies. The St. Joe Company has a market cap of $2.27 billion; its shares were traded at around $24.52 with and P/S ratio of 16.4.
GuruFocus Follows Bruce Berkowitz’s complete stock portfolio and you can access the information here.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Bruce Berkowitz for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
