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Chuck Royce Buys WGOV, DBRN, TER, FNSR, EPD, KEM, SYSW

gurufocus

gurufocus

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Chuck Royce is one of the best investors of our time who is specialized in small cap area. Most of his stocks have the market cap between $1 billion and $10 billion. Since he manages more than $35 billion, he needs a lot of stocks to fill his portfolio.

Chuck Royce’s flagship fund Royce Premier beat the market 10 out of the 11 years, including 2008, when a lot of small cap mutual fund lost more than 50%. Over the past 10 years, his fund has a cumulative gain of more than 180%.

To know more about his recent view, watch this interview over the past week:

This is the portfolio chart of Chuck Royce. 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.



In this article we review his new purchases during the 4th quarter. As of 12/31/2010, Royce& Associates owns 1457 stocks with a total value of $32.7 billion. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Industrials 30.1%
Financials 12.6%
Basic Materials 11.3%
Consumer Goods 10.9%
Technology 10.7%
Consumer Services 9.5%
Oil & Gas 5.2%
Health Care 4.8%
Utilities 0.7%
Telecommunications 0.2%


These are the top 5 holdings of Chuck Royce

  1. Pan American Silver Corp. (PAAS) - 9,487,577 shares, 1.2% of the total portfolio. Shares reduced by 6.7%
  2. UNIT Corp. (UNT) - 7,183,950 shares, 1.02% of the total portfolio. Shares added by 0.12%
  3. GRAFTECH INTERNATIONAL LTD. (GTI) - 16,412,634 shares, 1% of the total portfolio. Shares reduced by 1.47%
  4. FEDERATED INVESTORS INC. (FII) - 11,219,342 shares, 0.9% of the total portfolio. Shares added by 0.32%
  5. RELIANCE STEEL & ALUMINUM CO. (RS) - 5,584,943 shares, 0.87% of the total portfolio. Shares added by 0.57%


New Purchase: Woodward Govnr (WGOV)

Chuck Royce initiated holdings in Woodward Govnr. His purchase prices were between $30.51 and $39.06, with an estimated average price of $34.38. The impact to his portfolio due to this purchase was 0.54%. His holdings were 4,696,724 shares as of 12/31/2010.

Woodward Governor Company provides innovative engine controls and fuel delivery systems designed for a wide variety of applications. Woodward Govnr has a market cap of $2.31 billion; its shares were traded at around $33.51 with a P/E ratio of 22.49 and P/S ratio of 1.58. The dividend yield of Woodward Govnr stocks is 0.72%. Woodward Govnr had an annual average earning growth of 15.9% over the past 10 years.

New Purchase: Dress Barn Inc. (DBRN)

Chuck Royce initiated holdings in Dress Barn Inc.. His purchase prices were between $22.44 and $26.78, with an estimated average price of $24.67. The impact to his portfolio due to this purchase was 0.44%. His holdings were 5,461,177 shares as of 12/31/2010.

Dress Barn, Inc. operates a national chain of specialty stores offering career and casual fashion. Dress Barn Inc. has a market cap of $2.08 billion; its shares were traded at around $26.42 with a P/E ratio of 12.76 and P/S ratio of 0.87. Dress Barn Inc. had an annual average earning growth of 17.2% over the past 10 years. GuruFocus rated Dress Barn Inc. the business predictability rank of 4.5-star.

New Purchase: Teradyne Inc. (TER)

Chuck Royce initiated holdings in Teradyne Inc.. His purchase prices were between $10.92 and $14.39, with an estimated average price of $12.3. The impact to his portfolio due to this purchase was 0.21%. His holdings were 4,801,525 shares as of 12/31/2010.

Teradyne, Inc. is a manufacturer of automatic test equipment and related software for the electronics and communications industries. Teradyne Inc. has a market cap of $2.97 billion; its shares were traded at around $17.92 with a P/E ratio of 7.4 and P/S ratio of 1.8.

New Purchase: Finisar Corp. (FNSR)

Chuck Royce initiated holdings in Finisar Corp.. His purchase prices were between $16.86 and $29.85, with an estimated average price of $21.62. The impact to his portfolio due to this purchase was 0.09%. His holdings were 971,000 shares as of 12/31/2010.

FINISAR CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks, or LANs, storage area networks, or SANs, and metropolitan access networks, or MANs. Finisar Corp. has a market cap of $2.61 billion; its shares were traded at around $38.93 with a P/E ratio of 33.7 and P/S ratio of 4.1.

New Purchase: Enterprise Products Part. (EPD)

Chuck Royce initiated holdings in Enterprise Products Part.. His purchase prices were between $39.83 and $44.3, with an estimated average price of $41.78. The impact to his portfolio due to this purchase was 0.05%. His holdings were 428,850 shares as of 12/31/2010.

Enterprise Products Partners L.P. is a integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products. Enterprise Products Part. has a market cap of $36.57 billion; its shares were traded at around $43.8 with a P/E ratio of 22.2 and P/S ratio of 1.4. The dividend yield of Enterprise Products Part. stocks is 5.4%. Enterprise Products Part. had an annual average earning growth of 3.5% over the past 10 years.

New Purchase: Kemet Corp. (KEM)

Chuck Royce initiated holdings in Kemet Corp.. His purchase prices were between $8.31083 and $14.82, with an estimated average price of $12.12. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,138,874 shares as of 12/31/2010.

KEMET Corporation and its subsidiaries is the world's largest manufacturer of solid tantalum capacitors and and one of the world's largest manufacturer of multilayer ceramic capacitors. Kemet Corp. has a market cap of $535.8 million; its shares were traded at around $15.29 with and P/S ratio of 0.7.

New Purchase: Syswin Inc. (SYSW)

Chuck Royce initiated holdings in Syswin Inc.. His purchase prices were between $6 and $6.75, with an estimated average price of $6.26. The impact to his portfolio due to this purchase was 0.04%. His holdings were 2,449,866 shares as of 12/31/2010.

Syswin Inc. is a real estate service provider in China. Syswin Inc. has a market cap of $333.4 million; its shares were traded at around $6.89 .

New Purchase: American Superconductor Corp. (AMSC)

Chuck Royce initiated holdings in American Superconductor Corp.. His purchase prices were between $28.19 and $38.09, with an estimated average price of $33.47. The impact to his portfolio due to this purchase was 0.03%. His holdings were 378,000 shares as of 12/31/2010.

American Superconductor Corporation is a energy technologies company. American Superconductor Corp. has a market cap of $1.36 billion; its shares were traded at around $28.38 with a P/E ratio of 36.2 and P/S ratio of 4.3.

New Purchase: Chemtura Corp. (CHMT)

Chuck Royce initiated holdings in Chemtura Corp.. His purchase prices were between $13.58 and $15.96, with an estimated average price of $14.99. The impact to his portfolio due to this purchase was 0.03%. His holdings were 564,000 shares as of 12/31/2010.

Chemtura Corporation is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products. Chemtura Corp. has a market cap of $58.4 million; its shares were traded at around $17.55 with a P/E ratio of 0.7.

New Purchase: Global Power Equipment Group Inc (GLPW)

Chuck Royce initiated holdings in Global Power Equipment Group Inc. His purchase prices were between $14.85 and $23.2, with an estimated average price of $18.71. The impact to his portfolio due to this purchase was 0.03%. His holdings were 433,000 shares as of 12/31/2010.

Global Power Equipment Group Inc. is a design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. Global Power Equipment Group Inc has a market cap of $363.8 million; its shares were traded at around $23.85 with a P/E ratio of 14 and P/S ratio of 0.7.

New Purchase: Material Sciences Corp. (MASC)

Chuck Royce initiated holdings in Material Sciences Corp.. His purchase prices were between $4.49 and $6.43, with an estimated average price of $5.35. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,429,728 shares as of 12/31/2010.

Material Sciences Corporation develops, manufactures and markets continuously processed, coated and laminated materials. Material Sciences Corp. has a market cap of $90.5 million; its shares were traded at around $7.32 with a P/E ratio of 14 and P/S ratio of 0.7.

New Purchase: Zogenix Inc. (ZGNX)

Chuck Royce initiated holdings in Zogenix Inc.. His purchase prices were between $3.83 and $5.98, with an estimated average price of $5.32. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,500,000 shares as of 12/31/2010.

Zogenix, Inc. is a pharmaceutical company engaged in the development and commercialization of treatment products for central nervous system disorders and pain. Zogenix Inc. has a market cap of $153.9 million; its shares were traded at around $4.5 .

New Purchase: Wright Medical Group Inc. (WMGI)

Chuck Royce initiated holdings in Wright Medical Group Inc.. His purchase prices were between $13.08 and $15.87, with an estimated average price of $14.53. The impact to his portfolio due to this purchase was 0.02%. His holdings were 427,576 shares as of 12/31/2010.

Wright Medical Group, Inc. is a global orthopaedic device company specializing in the design, manufacture and marketing of reconstructive joint devices and bio-orthopaedic materials. Wright Medical Group Inc. has a market cap of $582 million; its shares were traded at around $15.16 with a P/E ratio of 21.8 and P/S ratio of 1.2.

New Purchase: Triangle Petroleum Corp. (TPLM)

Chuck Royce initiated holdings in Triangle Petroleum Corp.. His purchase prices were between $5.65 and $6.41, with an estimated average price of $6.04. The impact to his portfolio due to this purchase was 0.02%. His holdings were 800,000 shares as of 12/31/2010.

Triangle is an exploration company focused on emerging Canadian shale gas projects, the Fayetteville shale gas project in Arkansas and select conventional oil projects in the Rocky Mountains. Triangle Petroleum Corp. has a market cap of $162.4 million; its shares were traded at around $7.37 with a P/E ratio of 6 and P/S ratio of 1249.1.

New Purchase: Tower International Inc. (TOWR)

Chuck Royce initiated holdings in Tower International Inc.. His purchase prices were between $12.72 and $17.9, with an estimated average price of $14.86. The impact to his portfolio due to this purchase was 0.02%. His holdings were 288,937 shares as of 12/31/2010.

TA Delaware, Inc. is engaged in the manufacture of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. Tower International Inc. has a market cap of $342.2 million; its shares were traded at around $17.2 .

New Purchase: Radian Group Inc. (RDN)

Chuck Royce initiated holdings in Radian Group Inc.. His purchase prices were between $7.09 and $9.95, with an estimated average price of $8.07. The impact to his portfolio due to this purchase was 0.02%. His holdings were 628,500 shares as of 12/31/2010.

Radian Group Inc. is the parent company of Radian Guaranty Inc. Radian Group Inc. has a market cap of $931.8 million; its shares were traded at around $6.8 with and P/S ratio of 0.7. The dividend yield of Radian Group Inc. stocks is 0.1%.

New Purchase: Iridium Communications Inc (IRDM)

Chuck Royce initiated holdings in Iridium Communications Inc. His purchase prices were between $8.13 and $9.73, with an estimated average price of $8.87. The impact to his portfolio due to this purchase was 0.02%. His holdings were 776,416 shares as of 12/31/2010.

Iridium Communications Inc., formerly GHL Acquisition Corp. Iridium Communications Inc has a market cap of $560.6 million; its shares were traded at around $7.93 with a P/E ratio of 9.1 and P/S ratio of 7.4.

New Purchase: Ctpartners Executive Search Inc. (CTP)

Chuck Royce initiated holdings in Ctpartners Executive Search Inc.. His purchase prices were between $12.94 and $15.51, with an estimated average price of $13.73. The impact to his portfolio due to this purchase was 0.01%. His holdings were 283,400 shares as of 12/31/2010.

CTPartners Executive Search LLC operates as an executive research firm engaged in providing for the recruitment and hiring of senior executives, officers and board members. Ctpartners Executive Search Inc. has a market cap of $106 million; its shares were traded at around $16 .

New Purchase: Select Medical Holdings Corp (SEM)

Chuck Royce initiated holdings in Select Medical Holdings Corp. His purchase prices were between $5.76 and $7.67, with an estimated average price of $6.92. The impact to his portfolio due to this purchase was 0.01%. His holdings were 297,500 shares as of 12/31/2010.

Select Medical Holdings Corporation, through its subsidiaries, operates specialty hospitals and outpatient rehabilitation clinics. Select Medical Holdings Corp has a market cap of $1.07 billion; its shares were traded at around $6.8 with a P/E ratio of 12.1 and P/S ratio of 0.5.

New Purchase: Dialogic Inc. (DLGC)

Chuck Royce initiated holdings in Dialogic Inc.. His purchase prices were between $3.94 and $7.32, with an estimated average price of $5.34. The impact to his portfolio due to this purchase was 0.01%. His holdings were 710,563 shares as of 12/31/2010.

Dialogic Inc. provides communication platform and technology to enterprise and service provider markets. Dialogic Inc. has a market cap of $148 million; its shares were traded at around $4.8 with and P/S ratio of 2.

New Purchase: Actuate Corp. (BIRT)

Chuck Royce initiated holdings in Actuate Corp.. His purchase prices were between $4.83 and $5.96, with an estimated average price of $5.49. The impact to his portfolio due to this purchase was 0.01%. His holdings were 598,400 shares as of 12/31/2010.

Actuate Corporation is a provider of e.Reporting solutions fore. Actuate Corp. has a market cap of $244.8 million; its shares were traded at around $5.04 with a P/E ratio of 14.7 and P/S ratio of 2.

New Purchase: Valeant Pharmaceuticals International (VRX)

Chuck Royce initiated holdings in Valeant Pharmaceuticals International. His purchase prices were between $24.59 and $30.28, with an estimated average price of $27.13. The impact to his portfolio due to this purchase was 0.01%. His holdings were 156,368 shares as of 12/31/2010.

Valeant Pharmaceuticals International, Inc. is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and branded generics. Valeant Pharmaceuticals International has a market cap of $11.05 billion; its shares were traded at around $39.8 with a P/E ratio of 31.8 and P/S ratio of 13.5. The dividend yield of Valeant Pharmaceuticals International stocks is 1%. Valeant Pharmaceuticals International had an annual average earning growth of 10.8% over the past 5 years.

New Purchase: U.s. Home Systems Inc. (USHS)

Chuck Royce initiated holdings in U.s. Home Systems Inc.. His purchase prices were between $2.68 and $5.05, with an estimated average price of $3.69. The impact to his portfolio due to this purchase was 0.01%. His holdings were 408,100 shares as of 12/31/2010.

U.S. Home Systems, Inc. manufactures or procures, designs, sells and installs custom quality specialty home improvement products for The Home Depot in certain markets. U.s. Home Systems Inc. has a market cap of $32.6 million; its shares were traded at around $4.65 with a P/E ratio of 25.3 and P/S ratio of 0.3.

New Purchase: Network Engines Inc (NEI)

Chuck Royce initiated holdings in Network Engines Inc. His purchase prices were between $1.42 and $1.76, with an estimated average price of $1.53. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,286,494 shares as of 12/31/2010.

Network Engines, Inc. develops, markets and provides integrated and powerful server appliances that enable organizations to provide information and applications over the Internet. Network Engines Inc has a market cap of $78.2 million; its shares were traded at around $2.02 with a P/E ratio of 20.3 and P/S ratio of 0.3.

New Purchase: Seacube Container Leasing Ltd (BOX)

Chuck Royce initiated holdings in Seacube Container Leasing Ltd. His purchase prices were between $11 and $14.03, with an estimated average price of $12.73. The impact to his portfolio due to this purchase was 0.01%. His holdings were 260,750 shares as of 12/31/2010.

SeaCube Container Leasing Ltd. operates as a container leasing company providing refrigerated containers, dry freight containers and generator sets primarily to the shipping companies on long term basis. Seacube Container Leasing Ltd has a market cap of $280.6 million; its shares were traded at around $14.39 . The dividend yield of Seacube Container Leasing Ltd stocks is 17.1%.

New Purchase: Codexis Inc. (CDXS)

Chuck Royce initiated holdings in Codexis Inc.. His purchase prices were between $8.87 and $11.63, with an estimated average price of $10.27. The impact to his portfolio due to this purchase was 0.01%. His holdings were 210,081 shares as of 12/31/2010.

Codexis, Inc. is a provider of optimized biocatalysts. Codexis Inc. has a market cap of $310.3 million; its shares were traded at around $10.58 with and P/S ratio of 3.7.

New Purchase: Richmont Mines Inc. (RIC)

Chuck Royce initiated holdings in Richmont Mines Inc.. His purchase prices were between $4.49 and $5.4299, with an estimated average price of $5.02. The impact to his portfolio due to this purchase was 0.01%. His holdings were 465,600 shares as of 12/31/2010.

Richmont Mines Inc. has a market cap of $136.3 million; its shares were traded at around $4.58 with and P/S ratio of 2.2.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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