GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Martin Whitman Buys Applied Materials Inc., Sells Brookfield Asset Management Inc. Ltd., Forest City Enterprises Inc.

December 30, 2010 | About:

gurufocus

350 followers
This is the portfolio update for Third Avenue Value Fund, run by legendary value investor Martin Whitman. The current portfolio date is 10/31/2010.

We have observed that Third Avenue Value Fund continues to make more sales than buys. The only stock the fund bought was again a technology stock, Applied Materials Inc. This is after the purchase of Sycamore Networks Inc. in the previous quarters.

Martin Whitman buys Applied Materials Inc., sells Brookfield Asset Management Inc. Ltd., Forest City Enterprises Inc. during the 3-months ended 10/31/2010, according to the most recent filings of his investment company, Third Avenue Value Fund. As of 10/31/2010, Third Avenue Value Fund owns 50 stocks with a total value of $4.6 billion. These are the details of the buys and sells.

This is the portfolio chart of Martin Whitman. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Martin Whitman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Martin+Whitman

These are the top 5 holdings of Martin Whitman

  1. CHEUNG KONG HOLDINGS (CHEUY.PK) - 48,085,000 shares, 15.95% of the total portfolio. Shares reduced by 10.65%
  2. HENDERSON LAND DEV (HLDVF.PK) - 97,788,054 shares, 15.14% of the total portfolio. Shares reduced by 22.09%
  3. TOYOTA INDUSTRIES CP (TYIDF.PK) - 14,469,000 shares, 8.9% of the total portfolio. Shares reduced by 16.85%
  4. POSCO (PKX) - 3,500,000 shares, 7.93% of the total portfolio.
  5. Brookfield Asset Management Inc. Ltd. (BAM) - 8,226,957 shares, 5.33% of the total portfolio. Shares reduced by 17.73%


New Purchase: Applied Materials Inc. (AMAT)

Martin Whitman initiated holdings in Applied Materials Inc.. His purchase prices were between $10.37 and $12.35, with an estimated average price of $11.43. The impact to his portfolio due to this purchase was 0.27%. His holdings were 1,000,000 shares as of 10/31/2010.

Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials Inc. has a market cap of $18.87 billion; its shares were traded at around $14.12 with a P/E ratio of 16 and P/S ratio of 2. The dividend yield of Applied Materials Inc. stocks is 2%.

Reduced: Brookfield Asset Management Inc. Ltd. (BAM)

Martin Whitman reduced to his holdings in Brookfield Asset Management Inc. Ltd. by 17.73%. His sale prices were between $24.68 and $30.47, with an estimated average price of $27.51. The impact to his portfolio due to this sale was -1.15%. Martin Whitman still held 8,226,957 shares as of 10/31/2010.

Brookfield Asset Management Inc. is an asset manager. Brookfield Asset Management Inc. Ltd. has a market cap of $19.16 billion; its shares were traded at around $33.26 with a P/E ratio of 48.2 and P/S ratio of 1.6. The dividend yield of Brookfield Asset Management Inc. Ltd. stocks is 1.6%. Brookfield Asset Management Inc. Ltd. had an annual average earning growth of 30.7% over the past 10 years.

Reduced: Forest City Enterprises Inc. (FCE.A)

Martin Whitman reduced to his holdings in Forest City Enterprises Inc. by 18.58%. His sale prices were between $11.05 and $14.63, with an estimated average price of $12.72. The impact to his portfolio due to this sale was -0.64%. Martin Whitman still held 8,764,203 shares as of 10/31/2010.

FOREST CITY ENTERPRI, INC. is a national real estate company which acquires, develops, lease & manages residential properties; owns, acquires, develops & manages retail, office & urban entertainment projects; acquires & sells both raw land & developed lots to commercial, industrial & residential users; & acts as a wholesale lumber trading company. Forest City Enterprises Inc. has a market cap of $2.58 billion; its shares were traded at around $16.37 with a P/E ratio of 12.5 and P/S ratio of 2. Forest City Enterprises Inc. had an annual average earning growth of 1.8% over the past 10 years.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 2.4/5 (12 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK