This is the Q3 portfolio update of Columbia Value & Restructuring Fund. The fund is run by long term value investor David Williams.
The fund’s short term performances was hurt by the market crash in 2008. Over the past 10-year period, the fund averaged 3.8% a year, better than S&P500 by more than 4% a yaer.
David Williams buys Xerox Corp., Methanex Corp., Apache Corp., sells Ryder System Inc., Rsc Holdings Inc., W&t Offshore Inc. during the 3-months ended 09/30/2010, according to the most recent filings of his investment company, Columbia Value and Restructuring Fund. David Williams owns 0 stocks with a total value of $6 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of David Williams
Added: Weyerhaeuser Company (WY, Financial)
David Williams added to his holdings in Weyerhaeuser Company by 192.06%. His purchase prices were between $15.4 and $40.7224, with an estimated average price of $20.01. The impact to his portfolio due to this purchase was 0.31%. His holdings were 1,800,000 shares as of 09/30/2010.
Weyerhaeuser Company is principally engaged in the growing and harvesting of timber and the manufacture, distribution and sale of forest products, real estate development and construction, and other real estate relatedactivities. Weyerhaeuser Company has a market cap of $3.24 billion; its shares were traded at around $15.3 with and P/S ratio of 0.6. The dividend yield of Weyerhaeuser Company stocks is 0.4%.
Added: Warner Chilcott Ltd. (WCRX, Financial)
David Williams added to his holdings in Warner Chilcott Ltd. by 66.67%. His purchase prices were between $21.63 and $29.49, with an estimated average price of $25.39. The impact to his portfolio due to this purchase was 0.15%. His holdings were 1,000,000 shares as of 09/30/2010.
Warner Chilcott PLC, formerly Warner Chilcott Limited, is a specialty pharmaceutical company currently focused on the women's healthcare and dermatology segments of the U. Warner Chilcott Ltd. has a market cap of $6.14 billion; its shares were traded at around $24.34 with a P/E ratio of 8.2 and P/S ratio of 4.2.
New Purchase: Xerox Corp. (XRX, Financial)
David Williams initiated holdings in Xerox Corp.. His purchase prices were between $7.91 and $10.55, with an estimated average price of $9.2. The impact to his portfolio due to this purchase was 0.51%. His holdings were 3,000,000 shares as of 09/30/2010.
Xerox Corporation is The Document Company and a leader in the global document market, providing document solutions that enhance business productivity. Xerox Corp. has a market cap of $15.34 billion; its shares were traded at around $11.09 with a P/E ratio of 13.7 and P/S ratio of 1. The dividend yield of Xerox Corp. stocks is 1.5%. Xerox Corp. had an annual average earning growth of 0.5% over the past 10 years.
New Purchase: Methanex Corp. (MEOH, Financial)
David Williams initiated holdings in Methanex Corp.. His purchase prices were between $19.76 and $24.72, with an estimated average price of $22.28. The impact to his portfolio due to this purchase was 0.41%. His holdings were 1,000,000 shares as of 09/30/2010.
Methanex Corp. is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanex Corp. has a market cap of $2.51 billion; its shares were traded at around $27.26 with a P/E ratio of 38.4 and P/S ratio of 2.1. The dividend yield of Methanex Corp. stocks is 2.3%. Methanex Corp. had an annual average earning growth of 7.8% over the past 10 years.
New Purchase: Apache Corp. (APA, Financial)
David Williams initiated holdings in Apache Corp.. His purchase prices were between $82.75 and $98.47, with an estimated average price of $91.95. The impact to his portfolio due to this purchase was 0.24%. His holdings were 250,000 shares as of 09/30/2010.
Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corp. has a market cap of $37.67 billion; its shares were traded at around $103.4 with a P/E ratio of 12.8 and P/S ratio of 4.3. The dividend yield of Apache Corp. stocks is 0.6%. Apache Corp. had an annual average earning growth of 16.6% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 3-star.
Reduced: Host Hotels & Resorts Inc. (HST, Financial)
David Williams reduced to his holdings in Host Hotels & Resorts Inc. by 88.89%. His sale prices were between $12.83 and $15.08, with an estimated average price of $14.1. The impact to his portfolio due to this sale was -0.04%. David Williams still held 200,000 shares as of 09/30/2010.
Host Hotels & Resorts, Inc. is a lodging real estate company that currently owns or holds controlling interests in upper upscale and luxury hotel properties primarily operated under premium brands. Host Hotels & Resorts Inc. has a market cap of $10.84 billion; its shares were traded at around $16.36 with a P/E ratio of 27.3 and P/S ratio of 2.7. The dividend yield of Host Hotels & Resorts Inc. stocks is 0.2%.
Reduced: Dole Food Company Inc (DOLE, Financial)
David Williams reduced to his holdings in Dole Food Company Inc by 50.61%. His sale prices were between $8.64 and $11.12, with an estimated average price of $9.97. The impact to his portfolio due to this sale was -0.1%. David Williams still held 1,333,492 shares as of 09/30/2010.
Dole Food Company's worldwide team of growers, packers, processors, shippers and employees is committed to consistently providing safe, high-quality fresh fruit, vegetables, and food products, while protecting the environment in which its products are grown and processed. Dole Food Company Inc has a market cap of $843.5 million; its shares were traded at around $9.56 with and P/S ratio of 0.1.
Reduced: Diamondrock Hospitality Company (DRH, Financial)
David Williams reduced to his holdings in Diamondrock Hospitality Company by 36.17%. His sale prices were between $7.81 and $10.18, with an estimated average price of $9.22. The impact to his portfolio due to this sale was -0.17%. David Williams still held 3,000,000 shares as of 09/30/2010.
DiamondRock Hospitality Company is a self-advised real estate company that owns, acquires and invests in upper upscale and upscale hotel properties located primarily in North America. Diamondrock Hospitality Company has a market cap of $1.69 billion; its shares were traded at around $10.92 with a P/E ratio of 19.5 and P/S ratio of 2.9. Diamondrock Hospitality Company had an annual average earning growth of 6.4% over the past 5 years.
Reduced: Ppg Industries Inc. (PPG, Financial)
David Williams reduced to his holdings in Ppg Industries Inc. by 22.22%. His sale prices were between $60.56 and $73.14, with an estimated average price of $67.9. The impact to his portfolio due to this sale was -0.19%. David Williams still held 700,000 shares as of 09/30/2010.
PPG Industries, Inc. is comprised of three following basic business segments: coatings, glass and chemicals. Ppg Industries Inc. has a market cap of $12.79 billion; its shares were traded at around $77.46 with a P/E ratio of 18.5 and P/S ratio of 1. The dividend yield of Ppg Industries Inc. stocks is 2.8%. Ppg Industries Inc. had an annual average earning growth of 1.8% over the past 10 years.
Reduced: Morgan Stanley (MS, Financial)
David Williams reduced to his holdings in Morgan Stanley by 22.22%. His sale prices were between $22.83 and $27.87, with an estimated average price of $25.93. The impact to his portfolio due to this sale was -0.25%. David Williams still held 2,800,000 shares as of 09/30/2010.
MORGAN STANLEY is a preeminent global financial services firm that maintains market positions in each of its three primary businesses: securities; asset management; and credit services. Morgan Stanley has a market cap of $35.46 billion; its shares were traded at around $25.38 with a P/E ratio of 11.8 and P/S ratio of 1.5. The dividend yield of Morgan Stanley stocks is 0.8%. Morgan Stanley had an annual average earning growth of 6.4% over the past 10 years.
Reduced: Companhia Vale Do Rio Doce (VALE, Financial)
David Williams reduced to his holdings in Companhia Vale Do Rio Doce by 34.29%. His sale prices were between $24.34 and $30.86, with an estimated average price of $27.59. The impact to his portfolio due to this sale was -0.41%. David Williams still held 2,300,000 shares as of 09/30/2010.
VALE RIO DO-ADR is a mining company that specializes in the mining of iron ore and pellets, manganese, alloys, gold, copper, potassium, and kaolin. Companhia Vale Do Rio Doce has a market cap of $106.27 billion; its shares were traded at around $32.89 with a P/E ratio of 20.7 and P/S ratio of 4.6. Companhia Vale Do Rio Doce had an annual average earning growth of 33.2% over the past 5 years.
Sold Out: Ryder System Inc. (R, Financial)
David Williams sold out his holdings in Ryder System Inc.. His sale prices were between $37.91 and $44.27, with an estimated average price of $41.5.
Ryder System, Inc. provides a continuum of leading-edge logistics,supply chain and transportation management solutions worldwide. Ryder System Inc. has a market cap of $2.42 billion; its shares were traded at around $46.13 with a P/E ratio of 26.6 and P/S ratio of 0.5. The dividend yield of Ryder System Inc. stocks is 2.3%. Ryder System Inc. had an annual average earning growth of 7% over the past 10 years.
Sold Out: Rsc Holdings Inc. (RRR)
David Williams sold out his holdings in Rsc Holdings Inc.. His sale prices were between $5.98 and $8.08, with an estimated average price of $7.06.
RSC HOLDINGS is one of the largest equipment rental providers in North America. Rsc Holdings Inc. has a market cap of $898 million; its shares were traded at around $8.68 with and P/S ratio of 0.7.
Sold Out: W&t Offshore Inc. (WTI)
David Williams sold out his holdings in W&t Offshore Inc.. His sale prices were between $8.67 and $10.82, with an estimated average price of $9.36.
W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water. W&t Offshore Inc. has a market cap of $821.9 million; its shares were traded at around $11.01 with a P/E ratio of 10.3 and P/S ratio of 1.3. The dividend yield of W&t Offshore Inc. stocks is 1.4%.
The fund’s short term performances was hurt by the market crash in 2008. Over the past 10-year period, the fund averaged 3.8% a year, better than S&P500 by more than 4% a yaer.
David Williams buys Xerox Corp., Methanex Corp., Apache Corp., sells Ryder System Inc., Rsc Holdings Inc., W&t Offshore Inc. during the 3-months ended 09/30/2010, according to the most recent filings of his investment company, Columbia Value and Restructuring Fund. David Williams owns 0 stocks with a total value of $6 billion. These are the details of the buys and sells.
- New Purchases: APA, MEOH, XRX,
- Added Positions: WCRX, WY,
- Reduced Positions: DOLE, DRH, HST, MS, PPG, VALE,
- Sold Out: R, RRR, WTI,
This is the sector weightings of his portfolio:
| Basic Materials | 19.7% |
| Oil & Gas | 15.9% |
| Industrials | 15% |
| Financials | 12.6% |
| Technology | 8.7% |
| Consumer Goods | 7.2% |
| Consumer Services | 4.7% |
| Health Care | 3.7% |
| Telecommunications | 0.6% |
These are the top 5 holdings of David Williams
- Union Pacific Corp. (UNP) - 3,500,000 shares, 4.74% of the total portfolio. Shares reduced by 5.41%
- LORILLARD, INC (LO) - 3,300,000 shares, 4.39% of the total portfolio. Shares reduced by 8.33%
- America Movil S.A.B. De C.V. (AMX) - 4,600,000 shares, 4.06% of the total portfolio. Shares reduced by 9.8%
- Petroleo Brasileiro S.A.Petrobras (PBR) - 6,300,000 shares, 3.79% of the total portfolio. Shares reduced by 12.5%
- Harris Corp. (HRS) - 4,800,000 shares, 3.52% of the total portfolio. Shares reduced by 7.69%
Added: Weyerhaeuser Company (WY, Financial)
David Williams added to his holdings in Weyerhaeuser Company by 192.06%. His purchase prices were between $15.4 and $40.7224, with an estimated average price of $20.01. The impact to his portfolio due to this purchase was 0.31%. His holdings were 1,800,000 shares as of 09/30/2010.
Weyerhaeuser Company is principally engaged in the growing and harvesting of timber and the manufacture, distribution and sale of forest products, real estate development and construction, and other real estate relatedactivities. Weyerhaeuser Company has a market cap of $3.24 billion; its shares were traded at around $15.3 with and P/S ratio of 0.6. The dividend yield of Weyerhaeuser Company stocks is 0.4%.
Added: Warner Chilcott Ltd. (WCRX, Financial)
David Williams added to his holdings in Warner Chilcott Ltd. by 66.67%. His purchase prices were between $21.63 and $29.49, with an estimated average price of $25.39. The impact to his portfolio due to this purchase was 0.15%. His holdings were 1,000,000 shares as of 09/30/2010.
Warner Chilcott PLC, formerly Warner Chilcott Limited, is a specialty pharmaceutical company currently focused on the women's healthcare and dermatology segments of the U. Warner Chilcott Ltd. has a market cap of $6.14 billion; its shares were traded at around $24.34 with a P/E ratio of 8.2 and P/S ratio of 4.2.
New Purchase: Xerox Corp. (XRX, Financial)
David Williams initiated holdings in Xerox Corp.. His purchase prices were between $7.91 and $10.55, with an estimated average price of $9.2. The impact to his portfolio due to this purchase was 0.51%. His holdings were 3,000,000 shares as of 09/30/2010.
Xerox Corporation is The Document Company and a leader in the global document market, providing document solutions that enhance business productivity. Xerox Corp. has a market cap of $15.34 billion; its shares were traded at around $11.09 with a P/E ratio of 13.7 and P/S ratio of 1. The dividend yield of Xerox Corp. stocks is 1.5%. Xerox Corp. had an annual average earning growth of 0.5% over the past 10 years.
New Purchase: Methanex Corp. (MEOH, Financial)
David Williams initiated holdings in Methanex Corp.. His purchase prices were between $19.76 and $24.72, with an estimated average price of $22.28. The impact to his portfolio due to this purchase was 0.41%. His holdings were 1,000,000 shares as of 09/30/2010.
Methanex Corp. is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanex Corp. has a market cap of $2.51 billion; its shares were traded at around $27.26 with a P/E ratio of 38.4 and P/S ratio of 2.1. The dividend yield of Methanex Corp. stocks is 2.3%. Methanex Corp. had an annual average earning growth of 7.8% over the past 10 years.
New Purchase: Apache Corp. (APA, Financial)
David Williams initiated holdings in Apache Corp.. His purchase prices were between $82.75 and $98.47, with an estimated average price of $91.95. The impact to his portfolio due to this purchase was 0.24%. His holdings were 250,000 shares as of 09/30/2010.
Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corp. has a market cap of $37.67 billion; its shares were traded at around $103.4 with a P/E ratio of 12.8 and P/S ratio of 4.3. The dividend yield of Apache Corp. stocks is 0.6%. Apache Corp. had an annual average earning growth of 16.6% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 3-star.
Reduced: Host Hotels & Resorts Inc. (HST, Financial)
David Williams reduced to his holdings in Host Hotels & Resorts Inc. by 88.89%. His sale prices were between $12.83 and $15.08, with an estimated average price of $14.1. The impact to his portfolio due to this sale was -0.04%. David Williams still held 200,000 shares as of 09/30/2010.
Host Hotels & Resorts, Inc. is a lodging real estate company that currently owns or holds controlling interests in upper upscale and luxury hotel properties primarily operated under premium brands. Host Hotels & Resorts Inc. has a market cap of $10.84 billion; its shares were traded at around $16.36 with a P/E ratio of 27.3 and P/S ratio of 2.7. The dividend yield of Host Hotels & Resorts Inc. stocks is 0.2%.
Reduced: Dole Food Company Inc (DOLE, Financial)
David Williams reduced to his holdings in Dole Food Company Inc by 50.61%. His sale prices were between $8.64 and $11.12, with an estimated average price of $9.97. The impact to his portfolio due to this sale was -0.1%. David Williams still held 1,333,492 shares as of 09/30/2010.
Dole Food Company's worldwide team of growers, packers, processors, shippers and employees is committed to consistently providing safe, high-quality fresh fruit, vegetables, and food products, while protecting the environment in which its products are grown and processed. Dole Food Company Inc has a market cap of $843.5 million; its shares were traded at around $9.56 with and P/S ratio of 0.1.
Reduced: Diamondrock Hospitality Company (DRH, Financial)
David Williams reduced to his holdings in Diamondrock Hospitality Company by 36.17%. His sale prices were between $7.81 and $10.18, with an estimated average price of $9.22. The impact to his portfolio due to this sale was -0.17%. David Williams still held 3,000,000 shares as of 09/30/2010.
DiamondRock Hospitality Company is a self-advised real estate company that owns, acquires and invests in upper upscale and upscale hotel properties located primarily in North America. Diamondrock Hospitality Company has a market cap of $1.69 billion; its shares were traded at around $10.92 with a P/E ratio of 19.5 and P/S ratio of 2.9. Diamondrock Hospitality Company had an annual average earning growth of 6.4% over the past 5 years.
Reduced: Ppg Industries Inc. (PPG, Financial)
David Williams reduced to his holdings in Ppg Industries Inc. by 22.22%. His sale prices were between $60.56 and $73.14, with an estimated average price of $67.9. The impact to his portfolio due to this sale was -0.19%. David Williams still held 700,000 shares as of 09/30/2010.
PPG Industries, Inc. is comprised of three following basic business segments: coatings, glass and chemicals. Ppg Industries Inc. has a market cap of $12.79 billion; its shares were traded at around $77.46 with a P/E ratio of 18.5 and P/S ratio of 1. The dividend yield of Ppg Industries Inc. stocks is 2.8%. Ppg Industries Inc. had an annual average earning growth of 1.8% over the past 10 years.
Reduced: Morgan Stanley (MS, Financial)
David Williams reduced to his holdings in Morgan Stanley by 22.22%. His sale prices were between $22.83 and $27.87, with an estimated average price of $25.93. The impact to his portfolio due to this sale was -0.25%. David Williams still held 2,800,000 shares as of 09/30/2010.
MORGAN STANLEY is a preeminent global financial services firm that maintains market positions in each of its three primary businesses: securities; asset management; and credit services. Morgan Stanley has a market cap of $35.46 billion; its shares were traded at around $25.38 with a P/E ratio of 11.8 and P/S ratio of 1.5. The dividend yield of Morgan Stanley stocks is 0.8%. Morgan Stanley had an annual average earning growth of 6.4% over the past 10 years.
Reduced: Companhia Vale Do Rio Doce (VALE, Financial)
David Williams reduced to his holdings in Companhia Vale Do Rio Doce by 34.29%. His sale prices were between $24.34 and $30.86, with an estimated average price of $27.59. The impact to his portfolio due to this sale was -0.41%. David Williams still held 2,300,000 shares as of 09/30/2010.
VALE RIO DO-ADR is a mining company that specializes in the mining of iron ore and pellets, manganese, alloys, gold, copper, potassium, and kaolin. Companhia Vale Do Rio Doce has a market cap of $106.27 billion; its shares were traded at around $32.89 with a P/E ratio of 20.7 and P/S ratio of 4.6. Companhia Vale Do Rio Doce had an annual average earning growth of 33.2% over the past 5 years.
Sold Out: Ryder System Inc. (R, Financial)
David Williams sold out his holdings in Ryder System Inc.. His sale prices were between $37.91 and $44.27, with an estimated average price of $41.5.
Ryder System, Inc. provides a continuum of leading-edge logistics,supply chain and transportation management solutions worldwide. Ryder System Inc. has a market cap of $2.42 billion; its shares were traded at around $46.13 with a P/E ratio of 26.6 and P/S ratio of 0.5. The dividend yield of Ryder System Inc. stocks is 2.3%. Ryder System Inc. had an annual average earning growth of 7% over the past 10 years.
Sold Out: Rsc Holdings Inc. (RRR)
David Williams sold out his holdings in Rsc Holdings Inc.. His sale prices were between $5.98 and $8.08, with an estimated average price of $7.06.
RSC HOLDINGS is one of the largest equipment rental providers in North America. Rsc Holdings Inc. has a market cap of $898 million; its shares were traded at around $8.68 with and P/S ratio of 0.7.
Sold Out: W&t Offshore Inc. (WTI)
David Williams sold out his holdings in W&t Offshore Inc.. His sale prices were between $8.67 and $10.82, with an estimated average price of $9.36.
W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water. W&t Offshore Inc. has a market cap of $821.9 million; its shares were traded at around $11.01 with a P/E ratio of 10.3 and P/S ratio of 1.3. The dividend yield of W&t Offshore Inc. stocks is 1.4%.
