Brian Rogers of T Rowe Price, manages T. Rowe Price Equity Income Fund (PRFDX), One of the old and large value investing fund around. Perhaps precisely
In early August, 2010, Morningstar published had an interview with Brian Rogers. He answered a question on the fund size and the kind of company he feels comfortable in investing:
Consuelo Mack, a financial journalist who is running the “Great Investor” series, re-broadcast her interview with Brian Rogers this week. Viewers once again has the opportunity to say about how he manage his $30+ billion dollars:
In the past two quarters, these are the stocks that Brian Rogers kept on buying for the past at least two quarters:
No. 1: General Electric Company (GE, Financial), Weightings: 2.55% - 27,636,600 Shares
Brian Rogers owns 27,636,600 shares of GE, valued as $399 million as of Jun. 30, 2010, which accounts for 2.55% of his equity portfolio. Brian Rogers added his positions in the Mar. 31, 2010 quarter by 0.96%, again in the Jun. 30, 2010 quarter by 4.74%.
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $164.57 billion; its shares were traded at around $15.3925 with a P/E ratio of 14.1 and P/S ratio of 1. The dividend yield of General Electric Company stocks is 2.7%. General Electric Company had an annual average earning growth of 14.1% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 4-star.
No. 2: AT&T Inc. (T, Financial), Weightings: 2.04% - 13,182,300 Shares
Brian Rogers owns 13,182,300 shares of T, valued as $319 million as of Jun. 30, 2010, which accounts for 2.04% of his equity portfolio. Brian Rogers added his positions in the Mar. 31, 2010 quarter by 4.01%, again in the Jun. 30, 2010 quarter by 1.54%.
AT&T Inc. is a premier communications holding company. At&t Inc. has a market cap of $162.14 billion; its shares were traded at around $27.44 with a P/E ratio of 12.2 and P/S ratio of 1.3. The dividend yield of At&t Inc. stocks is 6.1%. At&t Inc. had an annual average earning growth of 2.8% over the past 10 years.
No. 3: Exelon Corp. (EXC, Financial), Weightings: 1.06% - 4,350,000 Shares
Brian Rogers owns 4,350,000 shares of EXC, valued as $165 million as of Jun. 30, 2010, which accounts for 1.06% of his equity portfolio. Brian Rogers added his positions in the Mar. 31, 2010 quarter by 240%, again in the Jun. 30, 2010 quarter by 2.35%.
Exelon Corporation is a utility holding company. Its subsidiaries are engaged principally in the production, purchase, transmission, distribution and sale of electricity to residential, commercial, industrial and wholesale customers and the distribution and sale of natural gas to residential, commercial and industrial customers. Exelon Corp. has a market cap of $27.89 billion; its shares were traded at around $42.22 with a P/E ratio of 11.1 and P/S ratio of 1.5. The dividend yield of Exelon Corp. stocks is 5%. Exelon Corp. had an annual average earning growth of 12.5% over the past 10 years.
No. 4: Pfizer Inc (PFE, Financial), Weightings: 0.87% - 9,535,515 Shares
Brian Rogers owns 9,535,515 shares of PFE, valued as $136 million as of Jun. 30, 2010, which accounts for 0.87% of his equity portfolio. Brian Rogers added his positions in the Mar. 31, 2010 quarter by 33.46%, again in the Jun. 30, 2010 quarter by 83.89%.
Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $132.77 billion; its shares were traded at around $16.46 with a P/E ratio of 7.4 and P/S ratio of 2.7. The dividend yield of Pfizer Inc stocks is 4.4%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
No. 5: ConocoPhillips (COP, Financial), Weightings: 0.61% - 1,931,900 Shares
Brian Rogers owns 1,931,900 shares of COP, valued as $95 million as of Jun. 30, 2010, which accounts for 0.61% of his equity portfolio. Brian Rogers added his positions in the Mar. 31, 2010 quarter by 13.5%, again in the Jun. 30, 2010 quarter by 14.86%.
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $81.93 billion; its shares were traded at around $55.05 with a P/E ratio of 10.4 and P/S ratio of 0.5. The dividend yield of Conocophillips stocks is 4.1%. Conocophillips had an annual average earning growth of 18.2% over the past 10 years.
Read Brian Rogers interview with Morningstar here.
Check out Brian Rogers’s stock holdings here.
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In early August, 2010, Morningstar published had an interview with Brian Rogers. He answered a question on the fund size and the kind of company he feels comfortable in investing:
How much do you run altogether--including separate accounts, institutional accounts, and so on? Do you ever run into mid-caps or smaller large-caps that you'd like to buy but find that the fund is simply too big?
When you add up everything, the total comes to roughly $30 billion. Most of our investments are in large-capitalization companies. I've never ventured into the small-cap area even when the fund was very small back in the late 1980s. Approximately 28% of the Equity Income Fund's assets are in companies with market caps below $10 billion, with the vast majority in the large- to mega-cap area.
Given the generally large-cap nature of the fund, we have plenty of room to grow. We've demonstrated that we are very willing to close funds to new investors if we think it is the right thing to do. Should I ever feel as though the Equity Income Fund has become too unwieldy, I will be the first to argue that we close it to additional investors.
Consuelo Mack, a financial journalist who is running the “Great Investor” series, re-broadcast her interview with Brian Rogers this week. Viewers once again has the opportunity to say about how he manage his $30+ billion dollars:
In the past two quarters, these are the stocks that Brian Rogers kept on buying for the past at least two quarters:
No. 1: General Electric Company (GE, Financial), Weightings: 2.55% - 27,636,600 Shares
Brian Rogers owns 27,636,600 shares of GE, valued as $399 million as of Jun. 30, 2010, which accounts for 2.55% of his equity portfolio. Brian Rogers added his positions in the Mar. 31, 2010 quarter by 0.96%, again in the Jun. 30, 2010 quarter by 4.74%.
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $164.57 billion; its shares were traded at around $15.3925 with a P/E ratio of 14.1 and P/S ratio of 1. The dividend yield of General Electric Company stocks is 2.7%. General Electric Company had an annual average earning growth of 14.1% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 4-star.
No. 2: AT&T Inc. (T, Financial), Weightings: 2.04% - 13,182,300 Shares
Brian Rogers owns 13,182,300 shares of T, valued as $319 million as of Jun. 30, 2010, which accounts for 2.04% of his equity portfolio. Brian Rogers added his positions in the Mar. 31, 2010 quarter by 4.01%, again in the Jun. 30, 2010 quarter by 1.54%.
AT&T Inc. is a premier communications holding company. At&t Inc. has a market cap of $162.14 billion; its shares were traded at around $27.44 with a P/E ratio of 12.2 and P/S ratio of 1.3. The dividend yield of At&t Inc. stocks is 6.1%. At&t Inc. had an annual average earning growth of 2.8% over the past 10 years.
No. 3: Exelon Corp. (EXC, Financial), Weightings: 1.06% - 4,350,000 Shares
Brian Rogers owns 4,350,000 shares of EXC, valued as $165 million as of Jun. 30, 2010, which accounts for 1.06% of his equity portfolio. Brian Rogers added his positions in the Mar. 31, 2010 quarter by 240%, again in the Jun. 30, 2010 quarter by 2.35%.
Exelon Corporation is a utility holding company. Its subsidiaries are engaged principally in the production, purchase, transmission, distribution and sale of electricity to residential, commercial, industrial and wholesale customers and the distribution and sale of natural gas to residential, commercial and industrial customers. Exelon Corp. has a market cap of $27.89 billion; its shares were traded at around $42.22 with a P/E ratio of 11.1 and P/S ratio of 1.5. The dividend yield of Exelon Corp. stocks is 5%. Exelon Corp. had an annual average earning growth of 12.5% over the past 10 years.
No. 4: Pfizer Inc (PFE, Financial), Weightings: 0.87% - 9,535,515 Shares
Brian Rogers owns 9,535,515 shares of PFE, valued as $136 million as of Jun. 30, 2010, which accounts for 0.87% of his equity portfolio. Brian Rogers added his positions in the Mar. 31, 2010 quarter by 33.46%, again in the Jun. 30, 2010 quarter by 83.89%.
Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $132.77 billion; its shares were traded at around $16.46 with a P/E ratio of 7.4 and P/S ratio of 2.7. The dividend yield of Pfizer Inc stocks is 4.4%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
No. 5: ConocoPhillips (COP, Financial), Weightings: 0.61% - 1,931,900 Shares
Brian Rogers owns 1,931,900 shares of COP, valued as $95 million as of Jun. 30, 2010, which accounts for 0.61% of his equity portfolio. Brian Rogers added his positions in the Mar. 31, 2010 quarter by 13.5%, again in the Jun. 30, 2010 quarter by 14.86%.
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $81.93 billion; its shares were traded at around $55.05 with a P/E ratio of 10.4 and P/S ratio of 0.5. The dividend yield of Conocophillips stocks is 4.1%. Conocophillips had an annual average earning growth of 18.2% over the past 10 years.
Read Brian Rogers interview with Morningstar here.
Check out Brian Rogers’s stock holdings here.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Brian Rogersfor Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
