Chris Davis leads the portfolio management team of Davis Funds's large cap value and financial stock portfolios. The firm's Financial Fund has gained an average of 16.41% since 1991. These are the details of his buys and sells during the second quarter. Chris Davis owns 212 stocks with a total value of $93.6 billion.
Chris Davis buys Google Inc., Whole Foods Market Inc., Avalonbay Communities Inc., Essex Property Trust Inc., Pepsico Inc., Millea Holdings Inc., Selective Insurance Group Inc., Vodafone Group Plc, sells Toll Brothers Inc., Spirit Finance Corp., The Travelers Companies Inc Common Stock, Omnicom Group Inc., Tyco Electronics Ltd. Common S, Marsh & Mclennan Companies Inc, Exxonmobil Corp., Covidien Ltd. Common Shares, Abbott Laboratories, Advance Auto Parts Inc. during the 3-months ended 06/30/2007, according to the most recent filings of his investment company, Davis Selected Advisers. Chris Davis owns 212 stocks with a total value of $93609.6 billion. These are the details of the buys and sells.
New Purchases: AVB, ESS, GOOG, PEP, SIGI, VOD, WFMI,
Added Positions: A, AIV, AMGN, BBBY, CSCO, FELE, FR, GE, HIW, JNJ, KMX, KSS, LRY, OCR, PCL, UN, VNO, WCN,
Reduced Positions: AIG, AMB, AMZN, APOL, DDR, DEO, GGP, GKK, PSA, TMK, TMO, TROW, YSI,
Sold Out: AAP, ABT, COV, MMC, OMC, TEL, TOL, TRV, XOM,
Added: Agilent Technologies Inc. (A, Financial)
Chris Davis added to his holdings in Electronic Equipment company Agilent Technologies Inc. by 274.43%. His purchase prices were between $34.47 and $38.72, with an estimated average price of $37. The impact to his portfolio due to this purchase was 0.39%. His holdings were 12,778,038 shares as of 06/30/2007.
Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions to the communications, electronics, life sciences, and chemical analysis industries. Agilent Technologies Inc. has a market cap of $15.15 billion, its shares were traded at around $38.31 with with P/E ratio of 24.63 and P/S ratio of 2.94.
Added: Carmax Inc. (KMX, Financial)
Chris Davis added to his holdings in Specialty Retailers company Carmax Inc. by 91.94%. His purchase prices were between $22.89 and $25.97, with an estimated average price of $24.6. The impact to his portfolio due to this purchase was 0.22%. His holdings were 17,459,150 shares as of 06/30/2007.
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company purchases, reconditions, and sells used vehicles. CarMax Inc. has a market cap of $5.24 billion, its shares were traded at around $23.5 with with P/E ratio of 25.38 and P/S ratio of 0.65.
Added: Bed Bath & Beyond Inc. (BBBY, Financial)
Chris Davis added to his holdings in Specialty Retailers company Bed Bath & Beyond Inc. by 39.13%. His purchase prices were between $36.09 and $41.65, with an estimated average price of $39.8. The impact to his portfolio due to this purchase was 0.17%. His holdings were 16,036,436 shares as of 06/30/2007.
Bed Bath & Beyond, Inc. and its subsidiaries operate a chain of retail stores in the United States. It sells a range of domestic merchandise, such as bed linens and related items, bath items, and kitchen textiles; and home furnishings, etc. Bed Bath & Beyond Inc. has a market cap of $9.49 billion, its shares were traded at around $35.08 with with P/E ratio of 16.56 and P/S ratio of 1.41.
Added: Omnicare Inc. (OCR, Financial)
Chris Davis added to his holdings in Health Care Providers company Omnicare Inc. by 270.76%. His purchase prices were between $33.95 and $41.12, with an estimated average price of $37.2. The impact to his portfolio due to this purchase was 0.07%. His holdings were 2,568,357 shares as of 06/30/2007.
Omnicare, Inc, a geriatric pharmaceutical services company, provides pharmaceuticals and related ancillary pharmacy services to long-term healthcare institutions in the United States and Canada. Omnicare Inc. has a market cap of $4.11 billion, its shares were traded at around $34.2 with with P/E ratio of 23.79 and P/S ratio of 0.65.
Added: Johnson & Johnson (JNJ, Financial)
Chris Davis added to his holdings in Pharmaceuticals company Johnson & Johnson by 116.73%. His purchase prices were between $60.73 and $64.7, with an estimated average price of $62.6. The impact to his portfolio due to this purchase was 0.07%. His holdings were 1,968,537 shares as of 06/30/2007.
Johnson & Johnson engages in the manufacture and sale of various products in the health care field worldwide. Its Consumer segment offers products used in the baby and kids care, skin care, oral care, wound care, and women's health care fields. Johnson & Johnson has a market cap of $179.44 billion, its shares were traded at around $62.3 with with P/E ratio of 17.16 and P/S ratio of 3.16.
Added: Vornado Realty Trust (VNO, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company Vornado Realty Trust by 1181.95%. His purchase prices were between $109.23 and $121.17, with an estimated average price of $116.6. The impact to his portfolio due to this purchase was 0.06%. His holdings were 596,468 shares as of 06/30/2007.
Vornado Realty Trust operates as a real estate investment trust (REIT). As of December 31, 2005, it owned 111 office properties aggregating approximately 30.7 million square feet in the New York City metropolitan area, as well as in the Washington. Vornado Realty Trust has a market cap of $16.38 billion, its shares were traded at around $107.48 with with P/E ratio of 31.88 and P/S ratio of 4.86.
Added: Highwoods Properties Inc. (HIW, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company Highwoods Properties Inc. by 137.15%. His purchase prices were between $38.11 and $43, with an estimated average price of $40.6. The impact to his portfolio due to this purchase was 0.05%. His holdings were 2,280,000 shares as of 06/30/2007.
Highwoods Properties, Inc., an equity real estate investment trust, engages in the acquisition, development, and operation of rental real estate properties in the United States. Highwoods Properties Inc. has a market cap of $1.87 billion, its shares were traded at around $32.88 with with P/E ratio of 23.22 and P/S ratio of 4.26.
Added: General Electric Co. (GE, Financial)
Chris Davis added to his holdings in Diversified Industrials company General Electric Co. by 170.8%. His purchase prices were between $34.77 and $38.24, with an estimated average price of $36.7. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,894,024 shares as of 06/30/2007.
General Electric Company (GE) is a diversified industrial corporation. Its Infrastructure segment produces jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft; wind turbines; etc. General Electric Co. has a market cap of $403.49 billion, its shares were traded at around $39.1 with with P/E ratio of 19.02 and P/S ratio of 2.40.
Added: Franklin Electric Co. Inc. (FELE, Financial)
Chris Davis added to his holdings in Electrical Components & Equipment company Franklin Electric Co. Inc. by 86.23%. His purchase prices were between $42.66 and $48.39, with an estimated average price of $44.9. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,289,209 shares as of 06/30/2007.
Franklin Electric Co., Inc., together with its subsidiaries, engages in the design, manufacture, and distribution of groundwater and fuel pumping systems, submersible pumps, motors, electronic controls, and related parts and equipment. Franklin Electric Co. Inc. has a market cap of $1.09 billion, its shares were traded at around $46.95 with with P/E ratio of 25.91 and P/S ratio of 1.85.
Added: First Industrial Realty Trust (FR, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company First Industrial Realty Trust by 20.44%. His purchase prices were between $38.52 and $44.2, with an estimated average price of $42.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 653,400 shares as of 06/30/2007.
First Industrial Realty Trust, Inc. operates as a real estate investment trust. The company engages in the ownership, management, acquisition, sale, development, and redevelopment industrial real estate in the United States and Canada. First Industrial Realty Trust has a market cap of $1.78 billion, its shares were traded at around $38.3 with with P/E ratio of 16.58 and P/S ratio of 3.53.
Added: Plum Creek Timber Co. Inc. (PCL, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company Plum Creek Timber Co. Inc. by 20.39%. His purchase prices were between $39.09 and $42.84, with an estimated average price of $40.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 861,038 shares as of 06/30/2007.
Plum Creek Timber Co., Inc. owns and manages timberlands in the United States. The company's products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. Plum Creek Timber Co. Inc. has a market cap of $7.11 billion, its shares were traded at around $39.59 with with P/E ratio of 27.15 and P/S ratio of 4.33.
Added: Liberty Property Trust (LRY, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company Liberty Property Trust by 20.4%. His purchase prices were between $42.32 and $49.12, with an estimated average price of $46.2. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,806,500 shares as of 06/30/2007.
Liberty Property Trust is a publicly owned real estate investment holding trust. Through its subsidiary, it provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office. Liberty Property Trust has a market cap of $3.25 billion, its shares were traded at around $36.38 with with P/E ratio of 16.34 and P/S ratio of 4.68.
Added: Apartment Investment & Managem (AIV, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company Apartment Investment & Managem by 20.41%. His purchase prices were between $49.4 and $58.24, with an estimated average price of $53.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,382,000 shares as of 06/30/2007.
Apartment Investment and Management Company (AIMCO), a real estate investment trust (REIT), engages in the acquisition, ownership, management, and redevelopment of apartment properties. Apartment Investment & Managem has a market cap of $4.13 billion, its shares were traded at around $41.38 with with P/E ratio of 91.62 and P/S ratio of 2.30.
Added: Kohl's Corp. (KSS)
Chris Davis added to his holdings in Apparel Retailers company Kohl's Corp. by 26.46%. His purchase prices were between $70.26 and $78.89, with an estimated average price of $74.4. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 239,000 shares as of 06/30/2007.
Kohl's Corporation operates family-oriented department stores in the United States. The company's stores offer apparel, accessories, and footwear for women, men, and children; soft home products, such as towels, sheets, and pillows; and house wares. Kohl's Corp. has a market cap of $19.37 billion, its shares were traded at around $60.31 with with P/E ratio of 17.19 and P/S ratio of 1.22.
Added: Amgen Inc. (AMGN)
Chris Davis added to his holdings in Biotechnology company Amgen Inc. by 85.45%. His purchase prices were between $54.04 and $63.74, with an estimated average price of $58.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 10,200 shares as of 06/30/2007.
Amgen Inc., a biotechnology company, engages in the discovery, development, manufacture, and marketing of human therapeutics based on advances in cellular and molecular biology. Amgen Inc. has a market cap of $56.19 billion, its shares were traded at around $51.77 with with P/E ratio of 14.81 and P/S ratio of 3.79.
Added: Waste Connections Inc. (WCN)
Chris Davis added to his holdings in Waste & Disposal Services company Waste Connections Inc. by 35.46%. His purchase prices were between $30.08 and $32.05, with an estimated average price of $30.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 382,000 shares as of 06/30/2007.
Waste Connections, Inc., an integrated solid waste services company, provides solid waste collection, transfer, disposal, and recycling services to the residential, commercial, and industrial customers in secondary markets. Waste Connections Inc. has a market cap of $2.11 billion, its shares were traded at around $31.14 with with P/E ratio of 24.19 and P/S ratio of 2.39.
Added: Unilever Nv (UN)
Chris Davis added to his holdings in Food Products company Unilever Nv by 103.11%. His purchase prices were between $28.85 and $30.92, with an estimated average price of $30. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 32,010 shares as of 06/30/2007.
Unilever N.V., through its subsidiaries, manufactures and supplies fast moving consumer goods in food, and home and personal care product categories. It offers food items, including soups, bouillons, sauces, snacks, mayonnaise, salad dressings, etc. Unilever NV has a market cap of $87.47 billion, its shares were traded at around $30.4 with with P/E ratio of 13.63 and P/S ratio of 1.61.
Added: Cisco Systems Inc. (CSCO)
Chris Davis added to his holdings in Telecom Equipment company Cisco Systems Inc. by 122.82%. His purchase prices were between $25.52 and $27.91, with an estimated average price of $26.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 107,400 shares as of 06/30/2007.
Cisco Systems, Inc. designs, manufactures, and sells IP-based networking and other products relating to the communications and information technology industry worldwide. Cisco Systems Inc. has a market cap of $179.71 billion, its shares were traded at around $29.5 with with P/E ratio of 26.57 and P/S ratio of 5.35.
New Purchase: Google Inc. (GOOG)
Chris Davis initiated holdings in Internet company Google Inc.. His purchase prices were between $466.29 and $525.01, with an estimated average price of $489.4. The impact to his portfolio due to this purchase was 0.45%. His holdings were 801,383 shares as of 06/30/2007.
Google, Inc. provides targeted advertising and Internet search solutions worldwide. It offers intranet solutions via an enterprise search appliance. The company's products and services include Google.com that offers Google Base, which lets content etc. Google Inc. has a market cap of $161.44 billion, its shares were traded at around $510 with with P/E ratio of 44.02 and P/S ratio of 11.83.
New Purchase: Whole Foods Market Inc. (WFMI)
Chris Davis initiated holdings in Food Retailers & Wholesalers company Whole Foods Market Inc.. His purchase prices were between $38.12 and $47.29, with an estimated average price of $41.9. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,051,585 shares as of 06/30/2007.
Whole Foods Market, Inc. and its subsidiaries engage in the ownership and operation of natural and organic foods supermarkets. It offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, specialty (beer, wine, etc). Whole Foods Market Inc. has a market cap of $5.96 billion, its shares were traded at around $42.39 with with P/E ratio of 32.42 and P/S ratio of 0.96.
New Purchase: Avalonbay Communities Inc. (AVB)
Chris Davis initiated holdings in Real Estate Holding & Development company Avalonbay Communities Inc.. His purchase prices were between $115.45 and $129.56, with an estimated average price of $123.6. The impact to his portfolio due to this purchase was 0.03%. His holdings were 261,660 shares as of 06/30/2007.
AvalonBay Communities, Inc., a real estate investment trust (REIT), engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. Avalonbay Communities Inc. has a market cap of $9.23 billion, its shares were traded at around $111.68 with with P/E ratio of 43.27 and P/S ratio of 11.61.
New Purchase: Essex Property Trust Inc. (ESS)
Chris Davis initiated holdings in Real Estate Holding & Development company Essex Property Trust Inc.. His purchase prices were between $117.37 and $131.6, with an estimated average price of $123.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 175,955 shares as of 06/30/2007.
Essex Property Trust, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities in the United States. Essex Property Trust Inc. has a market cap of $2.68 billion, its shares were traded at around $107.8 with with P/E ratio of 31.49 and P/S ratio of 7.33.
New Purchase: Vodafone Group Plc (VOD)
Chris Davis initiated holdings in Mobile Telecom company Vodafone Group Plc. His purchase prices were between $26.27 and $33.4, with an estimated average price of $29.4. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 2,314 shares as of 06/30/2007.
Vodafone Group Public Limited Company provides voice and data communications services for consumer and enterprise customers in Europe, the Middle East, Africa, the Asia Pacific, and the United States. Vodafone Group plc has a market cap of $172.41 billion, its shares were traded at around $31.93 with with P/S ratio of 2.66.
New Purchase: Pepsico Inc. (PEP)
Chris Davis initiated holdings in Soft Drinks company Pepsico Inc.. His purchase prices were between $63.33 and $69.09, with an estimated average price of $66.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 9,144 shares as of 06/30/2007.
PepsiCo, Inc. operates as a snack and beverage company. Its Frito-Lay North America division manufactures, markets, sells, and distributes branded snacks, including Lay's potato chips, Doritos tortilla chips, Tostitos tortilla chips, Cheetos cheese etc. Pepsico Inc. has a market cap of $112.62 billion, its shares were traded at around $68.51 with with P/E ratio of 19.55 and P/S ratio of 3.02.
New Purchase: Selective Insurance Group Inc. (SIGI)
Chris Davis initiated holdings in Property & Casualty Insurance company Selective Insurance Group Inc.. His purchase prices were between $25.6 and $27.33, with an estimated average price of $26.4. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 104,519 shares as of 06/30/2007.
Selective Insurance Group, Inc., together with its subsidiaries, provides property and casualty insurance products and diversified insurance products and services in the United States. Selective Insurance Group Inc. has a market cap of $1.12 billion, its shares were traded at around $20.4 with with P/E ratio of 7.85 and P/S ratio of 0.61.
Reduced: American International Group (AIG)
Chris Davis reduced to his holdings in Full Line Insurance company American International Group by 27.08%. His sale prices were between $66.76 and $72.65, with an estimated average price of $70.7. The impact to his portfolio due to this sale was 3.31%. Chris Davis still held 59,798,058 shares as of 06/30/2007.
American International Group, Inc., through its subsidiaries, provides insurance and financial services in the United States and internationally. It operates in four segments: General Insurance, Life Insurance and Retirement Services, Financial Services. American International Group has a market cap of $170.93 billion, its shares were traded at around $64.56 with with P/E ratio of 11.50 and P/S ratio of 1.44.
Reduced: Amazon.com Inc. (AMZN)
Chris Davis reduced to his holdings in Specialty Retailers company Amazon.com Inc. by 23.58%. His sale prices were between $41.68 and $73.24, with an estimated average price of $61.6. The impact to his portfolio due to this sale was 0.64%. Chris Davis still held 9,231,780 shares as of 06/30/2007.
Amazon.com, Inc. operates retail Web sites, as well as provides programs that enable third parties to sell products on its Web sites. The company sources and sells a range of products to its customers. Amazon.com Inc. has a market cap of $32.69 billion, its shares were traded at around $79 with with P/E ratio of 108.91 and P/S ratio of 2.68.
Reduced: General Growth Properties Inc. (GGP)
Chris Davis reduced to his holdings in Real Estate Holding & Development company General Growth Properties Inc. by 26.2%. His sale prices were between $52.3 and $64.54, with an estimated average price of $58.8. The impact to his portfolio due to this sale was 0.52%. Chris Davis still held 12,481,654 shares as of 06/30/2007.
General Growth Properties, Inc. operates as a self-administered and self-managed real estate investment trust. The company operates through two segments, Retail and Other, and Master Planned Communities. General Growth Properties Inc. has a market cap of $11.92 billion, its shares were traded at around $48.32 with with P/E ratio of 39.46 and P/S ratio of 3.72.
Reduced: Diageo Plc (DEO)
Chris Davis reduced to his holdings in Brewers company Diageo Plc by 83.93%. His sale prices were between $81.95 and $86.02, with an estimated average price of $84. The impact to his portfolio due to this sale was 0.26%. Chris Davis still held 5,336,852 shares as of 06/30/2007.
Diageo plc engages in the production and distribution of spirits, wines, and beer worldwide. It offers a range of premium brands, including Smirnoff vodka, Johnnie Walker Scotch whiskies, Guinness stout, Baileys Original Irish Cream liqueur. Diageo plc has a market cap of $55.79 billion, its shares were traded at around $82.01 with with P/E ratio of 17.20 and P/S ratio of 3.69.
Reduced: Apollo Group Inc. (APOL)
Chris Davis reduced to his holdings in Specialized Consumer Services company Apollo Group Inc. by 43.6%. His sale prices were between $43.82 and $50.78, with an estimated average price of $47.9. The impact to his portfolio due to this sale was 0.15%. Chris Davis still held 3,174,653 shares as of 06/30/2007.
Apollo Group, Inc., through its subsidiaries, University of Phoenix, Inc. (UPX), Institute for Professional Development (IPD), The College for Financial Planning Institutes Corporation (CFP), Western International University, Inc. (WIU) etc. Apollo Group Inc. has a market cap of $10.85 billion, its shares were traded at around $61.12 with with P/E ratio of 28.66 and P/S ratio of 4.02.
Reduced: Developers Diversified Realty (DDR)
Chris Davis reduced to his holdings in Real Estate Holding & Development company Developers Diversified Realty by 22.63%. His sale prices were between $52.11 and $65.36, with an estimated average price of $60.2. The impact to his portfolio due to this sale was 0.07%. Chris Davis still held 1,601,000 shares as of 06/30/2007.
Developers Diversified Realty Corporation (DDR) operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, developing, redeveloping, owning, leasing, and managing shopping centers, mini-malls etc. Developers Diversified Realty has a market cap of $6.14 billion, its shares were traded at around $48.95 with with P/E ratio of 22.04 and P/S ratio of 6.35.
Reduced: Thermo Electron Corp. (TMO)
Chris Davis reduced to his holdings in Electronic Equipment company Thermo Electron Corp. by 30.39%. His sale prices were between $48.63 and $54.03, with an estimated average price of $52.1. The impact to his portfolio due to this sale was 0.02%. Chris Davis still held 528,456 shares as of 06/30/2007.
Thermo Fisher Scientific, Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacture, analysis, discovery, and diagnostics. Thermo Electron Corp. has a market cap of $22.08 billion, its shares were traded at around $52.78 with with P/E ratio of 47.37 and P/S ratio of 3.13.
Reduced: Amb Property Corp. (AMB)
Chris Davis reduced to his holdings in Real Estate Holding & Development company Amb Property Corp. by 26.81%. His sale prices were between $52.9 and $61.58, with an estimated average price of $57.6. The impact to his portfolio due to this sale was 0.02%. Chris Davis still held 568,800 shares as of 06/30/2007.
AMB Property Corporation engages in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. As of December 31, 2006, the company owned or had investments in properties and development projects. AMB Property Corp. has a market cap of $5.25 billion, its shares were traded at around $52.03 with with P/E ratio of 20.32 and P/S ratio of 7.07.
Reduced: Public Storage Inc. (PSA)
Chris Davis reduced to his holdings in Real Estate Holding & Development company Public Storage Inc. by 39.66%. His sale prices were between $78.12 and $96.04, with an estimated average price of $87.2. The impact to his portfolio due to this sale was 0.02%. Chris Davis still held 382,900 shares as of 06/30/2007.
Public Storage, Inc., a real estate investment trust(REIT), engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States. Public Storage Inc. has a market cap of $12.53 billion, its shares were traded at around $73.4 with with P/S ratio of 8.02.
Reduced: Gramercy Capital Corp. (GKK)
Chris Davis reduced to his holdings in Real Estate Investment Trusts company Gramercy Capital Corp. by 52.47%. His sale prices were between $29.05 and $33.2, with an estimated average price of $30.8. The impact to his portfolio due to this sale was 0.01%. Chris Davis still held 514,272 shares as of 06/30/2007.
Gramercy Capital Corp. is a real estate investment trust specializing in the origination and acquisition of first mortgage loans; subordinate interests in whole loans (B Notes); mezzanine financing; preferred equity; bridge loans etc. Gramercy Capital Corp. has a market cap of $557.55 billion, its shares were traded at around $21.97 with with P/E ratio of 8.41 and P/S ratio of 4.81.
Reduced: T. Rowe Price Group, Inc. (TROW)
Chris Davis reduced to his holdings in Investment Services company T. Rowe Price Group, Inc. by 34.48%. His sale prices were between $48.31 and $53.26, with an estimated average price of $50.4. The impact to his portfolio due to this sale was 0.01%. Chris Davis still held 104,500 shares as of 06/30/2007.
T. Rowe Price Group, Inc. operates as an investment management firm in the United States and internationally with $334.7 billion in assets under management. T. Rowe Price Group, Inc. has a market cap of $14.42 billion, its shares were traded at around $52.48 with with P/E ratio of 26.09 and P/S ratio of 6.94.
Reduced: Torchmark Corp. (TMK)
Chris Davis reduced to his holdings in Life Insurance company Torchmark Corp. by 50.58%. His sale prices were between $64.73 and $70.14, with an estimated average price of $68. The impact to his portfolio due to this sale was less than 0.01%. Chris Davis still held 30,800 shares as of 06/30/2007.
Torchmark Corporation, through its subsidiaries, provides life and health insurance products and annuities to middle income households in the United States. Torchmark Corp. has a market cap of $5.81 billion, its shares were traded at around $61.26 with with P/E ratio of 11.40 and P/S ratio of 1.69.
Reduced: U-Store-It Trust (YSI)
Chris Davis reduced to his holdings in Real Estate Holding & Development company U-store-it Trust by 95.94%. His sale prices were between $16.21 and $19.05, with an estimated average price of $17.8. The impact to his portfolio due to this sale was less than 0.01%. Chris Davis still held 28,100 shares as of 06/30/2007.
U-Store-It Trust, a real estate investment trust (REIT), engages in the ownership, operation, acquisition, and development of self-storage facilities in the United States. U-Store-It Trust has a market cap of $775.01 billion, its shares were traded at around $14.74 with with P/S ratio of 3.84.
Sold Out: Marsh & Mclennan Companies Inc (MMC)
Chris Davis sold out his holdings in Property & Casualty Insurance company Marsh & Mclennan Companies Inc. His sale prices were between $29.16 and $32.93, with an estimated average price of $31.3. The impact to his portfolio due to this sale was less than 0.01%.
Marsh & McLennan Companies, Inc., through its subsidiaries, provides professional services worldwide. It operates through four segments: Risk and Insurance Services, Risk Consulting and Technology, Consulting, and Investment Management. Marsh & Mclennan Companies Inc has a market cap of $14.95 billion, its shares were traded at around $27.65 with with P/E ratio of 18.13 and P/S ratio of 1.27.
Sold Out: The Travelers Companies Inc Common Stock (TRV)
Chris Davis sold out his holdings in Property & Casualty Insurance company The Travelers Companies Inc Common Stock. His sale prices were between $52.38 and $56.46, with an estimated average price of $54. The impact to his portfolio due to this sale was less than 0.01%.
The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals. THE TRAVELERS COMPANIES INC COMMON STOCK has a market cap of $33.52 billion, its shares were traded at around $50.53 with with P/E ratio of 7.78 and P/S ratio of 1.29.
Sold Out: Toll Brothers Inc. (TOL)
Chris Davis sold out his holdings in Home Construction company Toll Brothers Inc.. His sale prices were between $25.22 and $30.2, with an estimated average price of $28.2. The impact to his portfolio due to this sale was less than 0.01%.
Toll Brothers, Inc. engages in the development, construction, and sale of residential homes. It designs, builds, markets, and arranges finance for single-family detached and attached homes in luxury residential communities. Toll Brothers Inc. has a market cap of $3.52 billion, its shares were traded at around $22.2 with with P/E ratio of 8.48 and P/S ratio of 0.61.
Sold Out: Tyco Electronics Ltd. Common S (TEL)
Chris Davis sold out his holdings in Home Construction company Tyco Electronics Ltd. Common S. His sale prices were between $38.8 and $39.6, with an estimated average price of $39.1. The impact to his portfolio due to this sale was less than 0.01%.
Tyco Electronics, Ltd. and its subsidiaries provide engineered electronic components, network solutions, and wireless systems worldwide. The company operates in four segments: Electronic Components, Network Solutions, Wireless Systems, and Other. TYCO ELECTRONICS LTD. COMMON S has a market cap of $418.56K billion, its shares were traded at around $35.15 with with P/E ratio of 0.00.
Sold Out: Omnicom Group Inc. (OMC)
Chris Davis sold out his holdings in Media Agencies company Omnicom Group Inc.. His sale prices were between $50.89 and $53.4, with an estimated average price of $52.2. The impact to his portfolio due to this sale was less than 0.01%.
Omnicom Group, Inc., through its subsidiaries, provides advertising, marketing, and corporate communications services in the United States and internationally. Omnicom Group Inc. has a market cap of $17.96 billion, its shares were traded at around $54.28 with with P/E ratio of 20.21 and P/S ratio of 1.49.
Sold Out: Abbott Laboratories (ABT)
Chris Davis sold out his holdings in Medical Supplies company Abbott Laboratories. His sale prices were between $52.54 and $59.07, with an estimated average price of $56.1. The impact to his portfolio due to this sale was less than 0.01%.
Abbott Laboratories engages in the development, manufacture, and sale of health care products worldwide. It operates in four segments: Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Vascular Products. Abbott Laboratories has a market cap of $84.67 billion, its shares were traded at around $53.12 with with P/E ratio of 44.22 and P/S ratio of 3.39.
Sold Out: Covidien Ltd. Common Shares (COV)
Chris Davis sold out his holdings in Medical Supplies company Covidien Ltd. Common Shares. His sale prices were between $42.77 and $46.5, with an estimated average price of $44.3. The impact to his portfolio due to this sale was less than 0.01%.
Covidien, Ltd., through its subsidiaries, engages in the development, manufacture, and distribution of medical devices and supplies, diagnostic imaging agents, pharmaceuticals, and other healthcare products for use in clinical and home settings.
Sold Out: Advance Auto Parts Inc. (AAP)
Chris Davis sold out his holdings in Specialty Retailers company Advance Auto Parts Inc.. His sale prices were between $39.5 and $41.98, with an estimated average price of $40.8. The impact to his portfolio due to this sale was less than 0.01%.
Advance Auto Parts, Inc. operates as a retailer of automotive parts, accessories, and maintenance items for do-it-yourself and do-it-for-me customers in the automotive aftermarket industry. Advance Auto Parts Inc. has a market cap of $3.59 billion, its shares were traded at around $34.03 with with P/E ratio of 15.39 and P/S ratio of 0.77.
Sold Out: Exxonmobil Corp. (XOM)
Chris Davis sold out his holdings in Integrated Oil & Gas company Exxonmobil Corp.. His sale prices were between $76.89 and $85.94, with an estimated average price of $81.6. The impact to his portfolio due to this sale was less than 0.01%.
Exxon Mobil Corporation engages in the exploration, production, transportation, and sale of crude oil and natural gas. It also engages in the manufacture, transportation, and sale of petroleum products and petrochemicals etc. ExxonMobil Corp. has a market cap of $474.63 billion, its shares were traded at around $83.54 with with P/E ratio of 12.25 and P/S ratio of 1.26.
Chris Davis buys Google Inc., Whole Foods Market Inc., Avalonbay Communities Inc., Essex Property Trust Inc., Pepsico Inc., Millea Holdings Inc., Selective Insurance Group Inc., Vodafone Group Plc, sells Toll Brothers Inc., Spirit Finance Corp., The Travelers Companies Inc Common Stock, Omnicom Group Inc., Tyco Electronics Ltd. Common S, Marsh & Mclennan Companies Inc, Exxonmobil Corp., Covidien Ltd. Common Shares, Abbott Laboratories, Advance Auto Parts Inc. during the 3-months ended 06/30/2007, according to the most recent filings of his investment company, Davis Selected Advisers. Chris Davis owns 212 stocks with a total value of $93609.6 billion. These are the details of the buys and sells.
New Purchases: AVB, ESS, GOOG, PEP, SIGI, VOD, WFMI,
Added Positions: A, AIV, AMGN, BBBY, CSCO, FELE, FR, GE, HIW, JNJ, KMX, KSS, LRY, OCR, PCL, UN, VNO, WCN,
Reduced Positions: AIG, AMB, AMZN, APOL, DDR, DEO, GGP, GKK, PSA, TMK, TMO, TROW, YSI,
Sold Out: AAP, ABT, COV, MMC, OMC, TEL, TOL, TRV, XOM,
Added: Agilent Technologies Inc. (A, Financial)
Chris Davis added to his holdings in Electronic Equipment company Agilent Technologies Inc. by 274.43%. His purchase prices were between $34.47 and $38.72, with an estimated average price of $37. The impact to his portfolio due to this purchase was 0.39%. His holdings were 12,778,038 shares as of 06/30/2007.
Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions to the communications, electronics, life sciences, and chemical analysis industries. Agilent Technologies Inc. has a market cap of $15.15 billion, its shares were traded at around $38.31 with with P/E ratio of 24.63 and P/S ratio of 2.94.
Added: Carmax Inc. (KMX, Financial)
Chris Davis added to his holdings in Specialty Retailers company Carmax Inc. by 91.94%. His purchase prices were between $22.89 and $25.97, with an estimated average price of $24.6. The impact to his portfolio due to this purchase was 0.22%. His holdings were 17,459,150 shares as of 06/30/2007.
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company purchases, reconditions, and sells used vehicles. CarMax Inc. has a market cap of $5.24 billion, its shares were traded at around $23.5 with with P/E ratio of 25.38 and P/S ratio of 0.65.
Added: Bed Bath & Beyond Inc. (BBBY, Financial)
Chris Davis added to his holdings in Specialty Retailers company Bed Bath & Beyond Inc. by 39.13%. His purchase prices were between $36.09 and $41.65, with an estimated average price of $39.8. The impact to his portfolio due to this purchase was 0.17%. His holdings were 16,036,436 shares as of 06/30/2007.
Bed Bath & Beyond, Inc. and its subsidiaries operate a chain of retail stores in the United States. It sells a range of domestic merchandise, such as bed linens and related items, bath items, and kitchen textiles; and home furnishings, etc. Bed Bath & Beyond Inc. has a market cap of $9.49 billion, its shares were traded at around $35.08 with with P/E ratio of 16.56 and P/S ratio of 1.41.
Added: Omnicare Inc. (OCR, Financial)
Chris Davis added to his holdings in Health Care Providers company Omnicare Inc. by 270.76%. His purchase prices were between $33.95 and $41.12, with an estimated average price of $37.2. The impact to his portfolio due to this purchase was 0.07%. His holdings were 2,568,357 shares as of 06/30/2007.
Omnicare, Inc, a geriatric pharmaceutical services company, provides pharmaceuticals and related ancillary pharmacy services to long-term healthcare institutions in the United States and Canada. Omnicare Inc. has a market cap of $4.11 billion, its shares were traded at around $34.2 with with P/E ratio of 23.79 and P/S ratio of 0.65.
Added: Johnson & Johnson (JNJ, Financial)
Chris Davis added to his holdings in Pharmaceuticals company Johnson & Johnson by 116.73%. His purchase prices were between $60.73 and $64.7, with an estimated average price of $62.6. The impact to his portfolio due to this purchase was 0.07%. His holdings were 1,968,537 shares as of 06/30/2007.
Johnson & Johnson engages in the manufacture and sale of various products in the health care field worldwide. Its Consumer segment offers products used in the baby and kids care, skin care, oral care, wound care, and women's health care fields. Johnson & Johnson has a market cap of $179.44 billion, its shares were traded at around $62.3 with with P/E ratio of 17.16 and P/S ratio of 3.16.
Added: Vornado Realty Trust (VNO, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company Vornado Realty Trust by 1181.95%. His purchase prices were between $109.23 and $121.17, with an estimated average price of $116.6. The impact to his portfolio due to this purchase was 0.06%. His holdings were 596,468 shares as of 06/30/2007.
Vornado Realty Trust operates as a real estate investment trust (REIT). As of December 31, 2005, it owned 111 office properties aggregating approximately 30.7 million square feet in the New York City metropolitan area, as well as in the Washington. Vornado Realty Trust has a market cap of $16.38 billion, its shares were traded at around $107.48 with with P/E ratio of 31.88 and P/S ratio of 4.86.
Added: Highwoods Properties Inc. (HIW, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company Highwoods Properties Inc. by 137.15%. His purchase prices were between $38.11 and $43, with an estimated average price of $40.6. The impact to his portfolio due to this purchase was 0.05%. His holdings were 2,280,000 shares as of 06/30/2007.
Highwoods Properties, Inc., an equity real estate investment trust, engages in the acquisition, development, and operation of rental real estate properties in the United States. Highwoods Properties Inc. has a market cap of $1.87 billion, its shares were traded at around $32.88 with with P/E ratio of 23.22 and P/S ratio of 4.26.
Added: General Electric Co. (GE, Financial)
Chris Davis added to his holdings in Diversified Industrials company General Electric Co. by 170.8%. His purchase prices were between $34.77 and $38.24, with an estimated average price of $36.7. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,894,024 shares as of 06/30/2007.
General Electric Company (GE) is a diversified industrial corporation. Its Infrastructure segment produces jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft; wind turbines; etc. General Electric Co. has a market cap of $403.49 billion, its shares were traded at around $39.1 with with P/E ratio of 19.02 and P/S ratio of 2.40.
Added: Franklin Electric Co. Inc. (FELE, Financial)
Chris Davis added to his holdings in Electrical Components & Equipment company Franklin Electric Co. Inc. by 86.23%. His purchase prices were between $42.66 and $48.39, with an estimated average price of $44.9. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,289,209 shares as of 06/30/2007.
Franklin Electric Co., Inc., together with its subsidiaries, engages in the design, manufacture, and distribution of groundwater and fuel pumping systems, submersible pumps, motors, electronic controls, and related parts and equipment. Franklin Electric Co. Inc. has a market cap of $1.09 billion, its shares were traded at around $46.95 with with P/E ratio of 25.91 and P/S ratio of 1.85.
Added: First Industrial Realty Trust (FR, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company First Industrial Realty Trust by 20.44%. His purchase prices were between $38.52 and $44.2, with an estimated average price of $42.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 653,400 shares as of 06/30/2007.
First Industrial Realty Trust, Inc. operates as a real estate investment trust. The company engages in the ownership, management, acquisition, sale, development, and redevelopment industrial real estate in the United States and Canada. First Industrial Realty Trust has a market cap of $1.78 billion, its shares were traded at around $38.3 with with P/E ratio of 16.58 and P/S ratio of 3.53.
Added: Plum Creek Timber Co. Inc. (PCL, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company Plum Creek Timber Co. Inc. by 20.39%. His purchase prices were between $39.09 and $42.84, with an estimated average price of $40.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 861,038 shares as of 06/30/2007.
Plum Creek Timber Co., Inc. owns and manages timberlands in the United States. The company's products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. Plum Creek Timber Co. Inc. has a market cap of $7.11 billion, its shares were traded at around $39.59 with with P/E ratio of 27.15 and P/S ratio of 4.33.
Added: Liberty Property Trust (LRY, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company Liberty Property Trust by 20.4%. His purchase prices were between $42.32 and $49.12, with an estimated average price of $46.2. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,806,500 shares as of 06/30/2007.
Liberty Property Trust is a publicly owned real estate investment holding trust. Through its subsidiary, it provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office. Liberty Property Trust has a market cap of $3.25 billion, its shares were traded at around $36.38 with with P/E ratio of 16.34 and P/S ratio of 4.68.
Added: Apartment Investment & Managem (AIV, Financial)
Chris Davis added to his holdings in Real Estate Holding & Development company Apartment Investment & Managem by 20.41%. His purchase prices were between $49.4 and $58.24, with an estimated average price of $53.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,382,000 shares as of 06/30/2007.
Apartment Investment and Management Company (AIMCO), a real estate investment trust (REIT), engages in the acquisition, ownership, management, and redevelopment of apartment properties. Apartment Investment & Managem has a market cap of $4.13 billion, its shares were traded at around $41.38 with with P/E ratio of 91.62 and P/S ratio of 2.30.
Added: Kohl's Corp. (KSS)
Chris Davis added to his holdings in Apparel Retailers company Kohl's Corp. by 26.46%. His purchase prices were between $70.26 and $78.89, with an estimated average price of $74.4. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 239,000 shares as of 06/30/2007.
Kohl's Corporation operates family-oriented department stores in the United States. The company's stores offer apparel, accessories, and footwear for women, men, and children; soft home products, such as towels, sheets, and pillows; and house wares. Kohl's Corp. has a market cap of $19.37 billion, its shares were traded at around $60.31 with with P/E ratio of 17.19 and P/S ratio of 1.22.
Added: Amgen Inc. (AMGN)
Chris Davis added to his holdings in Biotechnology company Amgen Inc. by 85.45%. His purchase prices were between $54.04 and $63.74, with an estimated average price of $58.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 10,200 shares as of 06/30/2007.
Amgen Inc., a biotechnology company, engages in the discovery, development, manufacture, and marketing of human therapeutics based on advances in cellular and molecular biology. Amgen Inc. has a market cap of $56.19 billion, its shares were traded at around $51.77 with with P/E ratio of 14.81 and P/S ratio of 3.79.
Added: Waste Connections Inc. (WCN)
Chris Davis added to his holdings in Waste & Disposal Services company Waste Connections Inc. by 35.46%. His purchase prices were between $30.08 and $32.05, with an estimated average price of $30.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 382,000 shares as of 06/30/2007.
Waste Connections, Inc., an integrated solid waste services company, provides solid waste collection, transfer, disposal, and recycling services to the residential, commercial, and industrial customers in secondary markets. Waste Connections Inc. has a market cap of $2.11 billion, its shares were traded at around $31.14 with with P/E ratio of 24.19 and P/S ratio of 2.39.
Added: Unilever Nv (UN)
Chris Davis added to his holdings in Food Products company Unilever Nv by 103.11%. His purchase prices were between $28.85 and $30.92, with an estimated average price of $30. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 32,010 shares as of 06/30/2007.
Unilever N.V., through its subsidiaries, manufactures and supplies fast moving consumer goods in food, and home and personal care product categories. It offers food items, including soups, bouillons, sauces, snacks, mayonnaise, salad dressings, etc. Unilever NV has a market cap of $87.47 billion, its shares were traded at around $30.4 with with P/E ratio of 13.63 and P/S ratio of 1.61.
Added: Cisco Systems Inc. (CSCO)
Chris Davis added to his holdings in Telecom Equipment company Cisco Systems Inc. by 122.82%. His purchase prices were between $25.52 and $27.91, with an estimated average price of $26.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 107,400 shares as of 06/30/2007.
Cisco Systems, Inc. designs, manufactures, and sells IP-based networking and other products relating to the communications and information technology industry worldwide. Cisco Systems Inc. has a market cap of $179.71 billion, its shares were traded at around $29.5 with with P/E ratio of 26.57 and P/S ratio of 5.35.
New Purchase: Google Inc. (GOOG)
Chris Davis initiated holdings in Internet company Google Inc.. His purchase prices were between $466.29 and $525.01, with an estimated average price of $489.4. The impact to his portfolio due to this purchase was 0.45%. His holdings were 801,383 shares as of 06/30/2007.
Google, Inc. provides targeted advertising and Internet search solutions worldwide. It offers intranet solutions via an enterprise search appliance. The company's products and services include Google.com that offers Google Base, which lets content etc. Google Inc. has a market cap of $161.44 billion, its shares were traded at around $510 with with P/E ratio of 44.02 and P/S ratio of 11.83.
New Purchase: Whole Foods Market Inc. (WFMI)
Chris Davis initiated holdings in Food Retailers & Wholesalers company Whole Foods Market Inc.. His purchase prices were between $38.12 and $47.29, with an estimated average price of $41.9. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,051,585 shares as of 06/30/2007.
Whole Foods Market, Inc. and its subsidiaries engage in the ownership and operation of natural and organic foods supermarkets. It offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, specialty (beer, wine, etc). Whole Foods Market Inc. has a market cap of $5.96 billion, its shares were traded at around $42.39 with with P/E ratio of 32.42 and P/S ratio of 0.96.
New Purchase: Avalonbay Communities Inc. (AVB)
Chris Davis initiated holdings in Real Estate Holding & Development company Avalonbay Communities Inc.. His purchase prices were between $115.45 and $129.56, with an estimated average price of $123.6. The impact to his portfolio due to this purchase was 0.03%. His holdings were 261,660 shares as of 06/30/2007.
AvalonBay Communities, Inc., a real estate investment trust (REIT), engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. Avalonbay Communities Inc. has a market cap of $9.23 billion, its shares were traded at around $111.68 with with P/E ratio of 43.27 and P/S ratio of 11.61.
New Purchase: Essex Property Trust Inc. (ESS)
Chris Davis initiated holdings in Real Estate Holding & Development company Essex Property Trust Inc.. His purchase prices were between $117.37 and $131.6, with an estimated average price of $123.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 175,955 shares as of 06/30/2007.
Essex Property Trust, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities in the United States. Essex Property Trust Inc. has a market cap of $2.68 billion, its shares were traded at around $107.8 with with P/E ratio of 31.49 and P/S ratio of 7.33.
New Purchase: Vodafone Group Plc (VOD)
Chris Davis initiated holdings in Mobile Telecom company Vodafone Group Plc. His purchase prices were between $26.27 and $33.4, with an estimated average price of $29.4. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 2,314 shares as of 06/30/2007.
Vodafone Group Public Limited Company provides voice and data communications services for consumer and enterprise customers in Europe, the Middle East, Africa, the Asia Pacific, and the United States. Vodafone Group plc has a market cap of $172.41 billion, its shares were traded at around $31.93 with with P/S ratio of 2.66.
New Purchase: Pepsico Inc. (PEP)
Chris Davis initiated holdings in Soft Drinks company Pepsico Inc.. His purchase prices were between $63.33 and $69.09, with an estimated average price of $66.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 9,144 shares as of 06/30/2007.
PepsiCo, Inc. operates as a snack and beverage company. Its Frito-Lay North America division manufactures, markets, sells, and distributes branded snacks, including Lay's potato chips, Doritos tortilla chips, Tostitos tortilla chips, Cheetos cheese etc. Pepsico Inc. has a market cap of $112.62 billion, its shares were traded at around $68.51 with with P/E ratio of 19.55 and P/S ratio of 3.02.
New Purchase: Selective Insurance Group Inc. (SIGI)
Chris Davis initiated holdings in Property & Casualty Insurance company Selective Insurance Group Inc.. His purchase prices were between $25.6 and $27.33, with an estimated average price of $26.4. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 104,519 shares as of 06/30/2007.
Selective Insurance Group, Inc., together with its subsidiaries, provides property and casualty insurance products and diversified insurance products and services in the United States. Selective Insurance Group Inc. has a market cap of $1.12 billion, its shares were traded at around $20.4 with with P/E ratio of 7.85 and P/S ratio of 0.61.
Reduced: American International Group (AIG)
Chris Davis reduced to his holdings in Full Line Insurance company American International Group by 27.08%. His sale prices were between $66.76 and $72.65, with an estimated average price of $70.7. The impact to his portfolio due to this sale was 3.31%. Chris Davis still held 59,798,058 shares as of 06/30/2007.
American International Group, Inc., through its subsidiaries, provides insurance and financial services in the United States and internationally. It operates in four segments: General Insurance, Life Insurance and Retirement Services, Financial Services. American International Group has a market cap of $170.93 billion, its shares were traded at around $64.56 with with P/E ratio of 11.50 and P/S ratio of 1.44.
Reduced: Amazon.com Inc. (AMZN)
Chris Davis reduced to his holdings in Specialty Retailers company Amazon.com Inc. by 23.58%. His sale prices were between $41.68 and $73.24, with an estimated average price of $61.6. The impact to his portfolio due to this sale was 0.64%. Chris Davis still held 9,231,780 shares as of 06/30/2007.
Amazon.com, Inc. operates retail Web sites, as well as provides programs that enable third parties to sell products on its Web sites. The company sources and sells a range of products to its customers. Amazon.com Inc. has a market cap of $32.69 billion, its shares were traded at around $79 with with P/E ratio of 108.91 and P/S ratio of 2.68.
Reduced: General Growth Properties Inc. (GGP)
Chris Davis reduced to his holdings in Real Estate Holding & Development company General Growth Properties Inc. by 26.2%. His sale prices were between $52.3 and $64.54, with an estimated average price of $58.8. The impact to his portfolio due to this sale was 0.52%. Chris Davis still held 12,481,654 shares as of 06/30/2007.
General Growth Properties, Inc. operates as a self-administered and self-managed real estate investment trust. The company operates through two segments, Retail and Other, and Master Planned Communities. General Growth Properties Inc. has a market cap of $11.92 billion, its shares were traded at around $48.32 with with P/E ratio of 39.46 and P/S ratio of 3.72.
Reduced: Diageo Plc (DEO)
Chris Davis reduced to his holdings in Brewers company Diageo Plc by 83.93%. His sale prices were between $81.95 and $86.02, with an estimated average price of $84. The impact to his portfolio due to this sale was 0.26%. Chris Davis still held 5,336,852 shares as of 06/30/2007.
Diageo plc engages in the production and distribution of spirits, wines, and beer worldwide. It offers a range of premium brands, including Smirnoff vodka, Johnnie Walker Scotch whiskies, Guinness stout, Baileys Original Irish Cream liqueur. Diageo plc has a market cap of $55.79 billion, its shares were traded at around $82.01 with with P/E ratio of 17.20 and P/S ratio of 3.69.
Reduced: Apollo Group Inc. (APOL)
Chris Davis reduced to his holdings in Specialized Consumer Services company Apollo Group Inc. by 43.6%. His sale prices were between $43.82 and $50.78, with an estimated average price of $47.9. The impact to his portfolio due to this sale was 0.15%. Chris Davis still held 3,174,653 shares as of 06/30/2007.
Apollo Group, Inc., through its subsidiaries, University of Phoenix, Inc. (UPX), Institute for Professional Development (IPD), The College for Financial Planning Institutes Corporation (CFP), Western International University, Inc. (WIU) etc. Apollo Group Inc. has a market cap of $10.85 billion, its shares were traded at around $61.12 with with P/E ratio of 28.66 and P/S ratio of 4.02.
Reduced: Developers Diversified Realty (DDR)
Chris Davis reduced to his holdings in Real Estate Holding & Development company Developers Diversified Realty by 22.63%. His sale prices were between $52.11 and $65.36, with an estimated average price of $60.2. The impact to his portfolio due to this sale was 0.07%. Chris Davis still held 1,601,000 shares as of 06/30/2007.
Developers Diversified Realty Corporation (DDR) operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, developing, redeveloping, owning, leasing, and managing shopping centers, mini-malls etc. Developers Diversified Realty has a market cap of $6.14 billion, its shares were traded at around $48.95 with with P/E ratio of 22.04 and P/S ratio of 6.35.
Reduced: Thermo Electron Corp. (TMO)
Chris Davis reduced to his holdings in Electronic Equipment company Thermo Electron Corp. by 30.39%. His sale prices were between $48.63 and $54.03, with an estimated average price of $52.1. The impact to his portfolio due to this sale was 0.02%. Chris Davis still held 528,456 shares as of 06/30/2007.
Thermo Fisher Scientific, Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacture, analysis, discovery, and diagnostics. Thermo Electron Corp. has a market cap of $22.08 billion, its shares were traded at around $52.78 with with P/E ratio of 47.37 and P/S ratio of 3.13.
Reduced: Amb Property Corp. (AMB)
Chris Davis reduced to his holdings in Real Estate Holding & Development company Amb Property Corp. by 26.81%. His sale prices were between $52.9 and $61.58, with an estimated average price of $57.6. The impact to his portfolio due to this sale was 0.02%. Chris Davis still held 568,800 shares as of 06/30/2007.
AMB Property Corporation engages in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. As of December 31, 2006, the company owned or had investments in properties and development projects. AMB Property Corp. has a market cap of $5.25 billion, its shares were traded at around $52.03 with with P/E ratio of 20.32 and P/S ratio of 7.07.
Reduced: Public Storage Inc. (PSA)
Chris Davis reduced to his holdings in Real Estate Holding & Development company Public Storage Inc. by 39.66%. His sale prices were between $78.12 and $96.04, with an estimated average price of $87.2. The impact to his portfolio due to this sale was 0.02%. Chris Davis still held 382,900 shares as of 06/30/2007.
Public Storage, Inc., a real estate investment trust(REIT), engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States. Public Storage Inc. has a market cap of $12.53 billion, its shares were traded at around $73.4 with with P/S ratio of 8.02.
Reduced: Gramercy Capital Corp. (GKK)
Chris Davis reduced to his holdings in Real Estate Investment Trusts company Gramercy Capital Corp. by 52.47%. His sale prices were between $29.05 and $33.2, with an estimated average price of $30.8. The impact to his portfolio due to this sale was 0.01%. Chris Davis still held 514,272 shares as of 06/30/2007.
Gramercy Capital Corp. is a real estate investment trust specializing in the origination and acquisition of first mortgage loans; subordinate interests in whole loans (B Notes); mezzanine financing; preferred equity; bridge loans etc. Gramercy Capital Corp. has a market cap of $557.55 billion, its shares were traded at around $21.97 with with P/E ratio of 8.41 and P/S ratio of 4.81.
Reduced: T. Rowe Price Group, Inc. (TROW)
Chris Davis reduced to his holdings in Investment Services company T. Rowe Price Group, Inc. by 34.48%. His sale prices were between $48.31 and $53.26, with an estimated average price of $50.4. The impact to his portfolio due to this sale was 0.01%. Chris Davis still held 104,500 shares as of 06/30/2007.
T. Rowe Price Group, Inc. operates as an investment management firm in the United States and internationally with $334.7 billion in assets under management. T. Rowe Price Group, Inc. has a market cap of $14.42 billion, its shares were traded at around $52.48 with with P/E ratio of 26.09 and P/S ratio of 6.94.
Reduced: Torchmark Corp. (TMK)
Chris Davis reduced to his holdings in Life Insurance company Torchmark Corp. by 50.58%. His sale prices were between $64.73 and $70.14, with an estimated average price of $68. The impact to his portfolio due to this sale was less than 0.01%. Chris Davis still held 30,800 shares as of 06/30/2007.
Torchmark Corporation, through its subsidiaries, provides life and health insurance products and annuities to middle income households in the United States. Torchmark Corp. has a market cap of $5.81 billion, its shares were traded at around $61.26 with with P/E ratio of 11.40 and P/S ratio of 1.69.
Reduced: U-Store-It Trust (YSI)
Chris Davis reduced to his holdings in Real Estate Holding & Development company U-store-it Trust by 95.94%. His sale prices were between $16.21 and $19.05, with an estimated average price of $17.8. The impact to his portfolio due to this sale was less than 0.01%. Chris Davis still held 28,100 shares as of 06/30/2007.
U-Store-It Trust, a real estate investment trust (REIT), engages in the ownership, operation, acquisition, and development of self-storage facilities in the United States. U-Store-It Trust has a market cap of $775.01 billion, its shares were traded at around $14.74 with with P/S ratio of 3.84.
Sold Out: Marsh & Mclennan Companies Inc (MMC)
Chris Davis sold out his holdings in Property & Casualty Insurance company Marsh & Mclennan Companies Inc. His sale prices were between $29.16 and $32.93, with an estimated average price of $31.3. The impact to his portfolio due to this sale was less than 0.01%.
Marsh & McLennan Companies, Inc., through its subsidiaries, provides professional services worldwide. It operates through four segments: Risk and Insurance Services, Risk Consulting and Technology, Consulting, and Investment Management. Marsh & Mclennan Companies Inc has a market cap of $14.95 billion, its shares were traded at around $27.65 with with P/E ratio of 18.13 and P/S ratio of 1.27.
Sold Out: The Travelers Companies Inc Common Stock (TRV)
Chris Davis sold out his holdings in Property & Casualty Insurance company The Travelers Companies Inc Common Stock. His sale prices were between $52.38 and $56.46, with an estimated average price of $54. The impact to his portfolio due to this sale was less than 0.01%.
The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals. THE TRAVELERS COMPANIES INC COMMON STOCK has a market cap of $33.52 billion, its shares were traded at around $50.53 with with P/E ratio of 7.78 and P/S ratio of 1.29.
Sold Out: Toll Brothers Inc. (TOL)
Chris Davis sold out his holdings in Home Construction company Toll Brothers Inc.. His sale prices were between $25.22 and $30.2, with an estimated average price of $28.2. The impact to his portfolio due to this sale was less than 0.01%.
Toll Brothers, Inc. engages in the development, construction, and sale of residential homes. It designs, builds, markets, and arranges finance for single-family detached and attached homes in luxury residential communities. Toll Brothers Inc. has a market cap of $3.52 billion, its shares were traded at around $22.2 with with P/E ratio of 8.48 and P/S ratio of 0.61.
Sold Out: Tyco Electronics Ltd. Common S (TEL)
Chris Davis sold out his holdings in Home Construction company Tyco Electronics Ltd. Common S. His sale prices were between $38.8 and $39.6, with an estimated average price of $39.1. The impact to his portfolio due to this sale was less than 0.01%.
Tyco Electronics, Ltd. and its subsidiaries provide engineered electronic components, network solutions, and wireless systems worldwide. The company operates in four segments: Electronic Components, Network Solutions, Wireless Systems, and Other. TYCO ELECTRONICS LTD. COMMON S has a market cap of $418.56K billion, its shares were traded at around $35.15 with with P/E ratio of 0.00.
Sold Out: Omnicom Group Inc. (OMC)
Chris Davis sold out his holdings in Media Agencies company Omnicom Group Inc.. His sale prices were between $50.89 and $53.4, with an estimated average price of $52.2. The impact to his portfolio due to this sale was less than 0.01%.
Omnicom Group, Inc., through its subsidiaries, provides advertising, marketing, and corporate communications services in the United States and internationally. Omnicom Group Inc. has a market cap of $17.96 billion, its shares were traded at around $54.28 with with P/E ratio of 20.21 and P/S ratio of 1.49.
Sold Out: Abbott Laboratories (ABT)
Chris Davis sold out his holdings in Medical Supplies company Abbott Laboratories. His sale prices were between $52.54 and $59.07, with an estimated average price of $56.1. The impact to his portfolio due to this sale was less than 0.01%.
Abbott Laboratories engages in the development, manufacture, and sale of health care products worldwide. It operates in four segments: Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Vascular Products. Abbott Laboratories has a market cap of $84.67 billion, its shares were traded at around $53.12 with with P/E ratio of 44.22 and P/S ratio of 3.39.
Sold Out: Covidien Ltd. Common Shares (COV)
Chris Davis sold out his holdings in Medical Supplies company Covidien Ltd. Common Shares. His sale prices were between $42.77 and $46.5, with an estimated average price of $44.3. The impact to his portfolio due to this sale was less than 0.01%.
Covidien, Ltd., through its subsidiaries, engages in the development, manufacture, and distribution of medical devices and supplies, diagnostic imaging agents, pharmaceuticals, and other healthcare products for use in clinical and home settings.
Sold Out: Advance Auto Parts Inc. (AAP)
Chris Davis sold out his holdings in Specialty Retailers company Advance Auto Parts Inc.. His sale prices were between $39.5 and $41.98, with an estimated average price of $40.8. The impact to his portfolio due to this sale was less than 0.01%.
Advance Auto Parts, Inc. operates as a retailer of automotive parts, accessories, and maintenance items for do-it-yourself and do-it-for-me customers in the automotive aftermarket industry. Advance Auto Parts Inc. has a market cap of $3.59 billion, its shares were traded at around $34.03 with with P/E ratio of 15.39 and P/S ratio of 0.77.
Sold Out: Exxonmobil Corp. (XOM)
Chris Davis sold out his holdings in Integrated Oil & Gas company Exxonmobil Corp.. His sale prices were between $76.89 and $85.94, with an estimated average price of $81.6. The impact to his portfolio due to this sale was less than 0.01%.
Exxon Mobil Corporation engages in the exploration, production, transportation, and sale of crude oil and natural gas. It also engages in the manufacture, transportation, and sale of petroleum products and petrochemicals etc. ExxonMobil Corp. has a market cap of $474.63 billion, its shares were traded at around $83.54 with with P/E ratio of 12.25 and P/S ratio of 1.26.
