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Columbia Value & Restructuring Fund Buys PFE, V, KMI, NLSN, APO, MET; Sells BMY, TLCR, AVP

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Value investor David Williams just released his first quarter portfolio at Columbia Value & Restructuring Fund. The fund owns 60 stocks with a total value of $7 billion. These are the details of the buys and the sales.

Columbia Value & Restructuring Fund gained 20.2% in the past 12 months. The fund has outperformed the S&P 500 by 3.5% on average annually over the past 10 years. In the first quarter the fund has more activities than usual. Is Mr. Williams finding values?

David Williams buys Pfizer Inc., Apache Corp., Visa Inc., Kinder Morgan Inc., Nielsen Holdings N.v., Apollo Global Management LLC, MetLife Inc., Celanese Corp., Copa Holdings S.a., Warner Chilcott Plc, Methanex Corp., Vale S.a., The Goldman Sachs Group Inc., Citigroup Inc., Schnitzer Steel Industries Inc., sells Bristolmyers Squibb Co., Avon Products Inc., Petrohawk Energy Corp., Sensata Technologies Holding N.v., Ppg Industries Inc., Talecris Biotherapeutics Holdings Corp. during the 3-months ended 03/31/2011.

This is the portfolio chart of David Williams. 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 David Williams' stock buys and sells, click here.

This is the sector weightings of his portfolio:

Oil & Gas 17%
Industrials 14.9%
Basic Materials 14.3%
Financials 11.4%
Technology 7.2%
Consumer Goods 7%
Consumer Services 5.1%
Telecommunications 4.3%
Health Care 2.7%


These are the top 5 holdings of Columbia Value & Restructuring Fund:

  1. UNION PACIFIC CORP. (UNP) - 3,400,000 shares, 4.77% of the total portfolio. Shares reduced by 2.86%
  2. LORILLARD INC. (LO) - 3,200,000 shares, 4.34% of the total portfolio. Shares reduced by 3.03%
  3. ALPHA NATURAL RESOURCES INC. (ANR) - 4,550,000 shares, 3.85% of the total portfolio.
  4. AMERICA MOVIL S.A.B DE C.V (AMX) - 4,550,000 shares, 3.77% of the total portfolio. Shares added by 1.11%
  5. PETROLEO BRASILEIIRO SA PETROBRAS (PBR) - 5,800,000 shares, 3.34% of the total portfolio. Shares reduced by 3.33%


Added: Apache Corp. (APA)

David Williams added to his holdings in Apache Corp. by 160%. His purchase prices were between $113.77 and $130.43, with an estimated average price of $121.58. The impact to his portfolio due to this purchase was 0.56%. His holdings were 650,000 shares as of 03/31/2011.

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 $46.65 billion; its shares were traded at around $121.89 with a P/E ratio of 13.7 and P/S ratio of 3.8. The dividend yield of Apache Corp. stocks is 0.5%. Apache Corp. had an annual average earnings growth of 15.2% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 2.5-star.

Added: MetLife Inc. (MET)

David Williams added to his holdings in Metlife Inc. by 12%. His purchase prices were between $42.28 and $48.63, with an estimated average price of $45.9. The impact to his portfolio due to this purchase was 0.19%. His holdings were 2,800,000 shares as of 03/31/2011.

Metlife Inc. is a provider of insurance and financial services to a broad spectrum of individual and institutional customers. Metlife Inc. has a market cap of $42.83 billion; its shares were traded at around $43.28 with a P/E ratio of 9.9 and P/S ratio of 0.8. The dividend yield of Metlife Inc. stocks is 1.7%.

Added: Copa Holdings S.a. (CPA)

David Williams added to his holdings in Copa Holdings S.a. by 14.71%. His purchase prices were between $49.64 and $59.83, with an estimated average price of $55.52. The impact to his portfolio due to this purchase was 0.19%. His holdings were 1,950,000 shares as of 03/31/2011.

Copa Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries, is a Latin American provider of passenger and cargo service. Copa Holdings S.a. has a market cap of $2.37 billion; its shares were traded at around $54.41 with a P/E ratio of 10.9 and P/S ratio of 1.7. The dividend yield of Copa Holdings S.a. stocks is 2%.

Added: Celanese Corp. (CE)

David Williams added to his holdings in Celanese Corp. by 6.38%. His purchase prices were between $38.85 and $44.97, with an estimated average price of $41.97. The impact to his portfolio due to this purchase was 0.19%. His holdings were 5,000,000 shares as of 03/31/2011.

Celanese is an integrated global producer of value-added industrial chemicals. Celanese Corp. has a market cap of $7.15 billion; its shares were traded at around $45.79 with a P/E ratio of 13.5 and P/S ratio of 1.2. The dividend yield of Celanese Corp. stocks is 0.4%.

Added: Methanex Corp. (MEOH)

David Williams added to his holdings in Methanex Corp. by 35%. His purchase prices were between $27.26 and $31.4, with an estimated average price of $29.2. The impact to his portfolio due to this purchase was 0.16%. His holdings were 1,350,000 shares as of 03/31/2011.

Methanex Corp. is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanex Corp. has a market cap of $3.01 billion; its shares were traded at around $32.47 with a P/E ratio of 38.2 and P/S ratio of 1.5. The dividend yield of Methanex Corp. stocks is 1.9%. Methanex Corp. had an annual average earnings growth of 3.2% over the past 10 years.

Added: Warner Chilcott Plc (WCRX)

David Williams added to his holdings in Warner Chilcott Plc by 33.33%. His purchase prices were between $22 and $25.01, with an estimated average price of $23.49. The impact to his portfolio due to this purchase was 0.16%. His holdings were 2,000,000 shares as of 03/31/2011.

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 Plc has a market cap of $5.91 billion; its shares were traded at around $23.31 with a P/E ratio of 6.6 and P/S ratio of 2. Warner Chilcott Plc had an annual average earnings growth of 43.7% over the past 5 years.

Added: Vale S.a. (VALE)

David Williams added to his holdings in Vale S.a. by 13.04%. His purchase prices were between $31.04 and $37.08, with an estimated average price of $34.22. The impact to his portfolio due to this purchase was 0.14%. His holdings were 2,600,000 shares as of 03/31/2011.

Vale S.a. has a market cap of $105.46 billion; its shares were traded at around $32.64 with a P/E ratio of 10.1 and P/S ratio of 2.3. The dividend yield of Vale S.a. stocks is 1.1%. Vale S.a. had an annual average earnings growth of 53.5% over the past 10 years.

Added: The Goldman Sachs Group Inc. (GS)

David Williams added to his holdings in The Goldman Sachs Group Inc. by 8.33%. His purchase prices were between $154.38 and $175, with an estimated average price of $164.56. The impact to his portfolio due to this purchase was 0.11%. His holdings were 650,000 shares as of 03/31/2011.

The Goldman Sachs Group Inc. has a market cap of $79.04 billion; its shares were traded at around $151.86 with a P/E ratio of 10.1 and P/S ratio of 2. The dividend yield of The Goldman Sachs Group Inc. stocks is 0.9%. The Goldman Sachs Group Inc. had an annual average earnings growth of 9.8% over the past 10 years.

Added: Schnitzer Steel Industries Inc. (SCHN)

David Williams added to his holdings in Schnitzer Steel Industries Inc. by 9.14%. His purchase prices were between $59.99 and $68.87, with an estimated average price of $63.38. The impact to his portfolio due to this purchase was 0.09%. His holdings were 1,200,000 shares as of 03/31/2011.

Schnitzer Steel Industries, Inc. collects, processes and recycles metals by operating one of the largest metals recycling businesses in the United States. Schnitzer Steel Industries Inc. has a market cap of $1.64 billion; its shares were traded at around $59.61 with a P/E ratio of 15.9 and P/S ratio of 0.7. The dividend yield of Schnitzer Steel Industries Inc. stocks is 0.1%.

Added: Citigroup Inc. (C)

David Williams added to his holdings in Citigroup Inc. by 20%. His purchase prices were between $4.39 and $5.13, with an estimated average price of $4.73. The impact to his portfolio due to this purchase was 0.09%. His holdings were 300,000 shares as of 03/31/2011.

Citigroup Inc. has a market cap of $131.62 billion; its shares were traded at around $4.53 with a P/E ratio of 12.9 and P/S ratio of 1.5.

New Purchase: Pfizer Inc. (PFE)

David Williams initiated holdings in Pfizer Inc. His purchase prices were between $17.49 and $20.38, with an estimated average price of $19.04. The impact to his portfolio due to this purchase was 1.16%. His holdings were 4,000,000 shares as of 03/31/2011.

Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc. has a market cap of $164.06 billion; its shares were traded at around $20.53 with a P/E ratio of 9.3 and P/S ratio of 2.4. The dividend yield of Pfizer Inc. stocks is 3.9%.

New Purchase: Visa Inc. (V)

David Williams initiated holdings in Visa Inc. His purchase prices were between $69.12 and $76.14, with an estimated average price of $72.51. The impact to his portfolio due to this purchase was 0.47%. His holdings were 450,000 shares as of 03/31/2011.

VISA operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa Inc. has a market cap of $63.24 billion; its shares were traded at around $75.92 with a P/E ratio of 18.5 and P/S ratio of 7.8. The dividend yield of Visa Inc. stocks is 0.8%.

New Purchase: Kinder Morgan Inc. (KMI)

David Williams initiated holdings in Kinder Morgan Inc. His purchase prices were between $29.52 and $31.37, with an estimated average price of $30.41. The impact to his portfolio due to this purchase was 0.42%. His holdings were 1,000,000 shares as of 03/31/2011.

Kinder Morgan Inc. is engaged in energy transportation and storage in North America. Kinder Morgan Inc. has a market cap of $20.35 billion; its shares were traded at around $28.78.

New Purchase: Nielsen Holdings N.v. (NLSN)

David Williams initiated holdings in Nielsen Holdings N.v.. His purchase prices were between $25 and $27.94, with an estimated average price of $26.4. The impact to his portfolio due to this purchase was 0.35%. His holdings were 900,000 shares as of 03/31/2011.

Nielsen Holdings is an information and measurement company providing clients with media and marketing information and analytics about what consumers watch (consumer interaction with television, online and mobile) and what consumers buy on a global and local basis. Nielsen Holdings N.v. has a market cap of $9.89 billion; its shares were traded at around $27.6 with and P/S ratio of 1.9.

New Purchase: Apollo Global Management Llc (APO)

David Williams initiated holdings in Apollo Global Management Llc. His purchase prices were between $18.2 and $18.2, with an estimated average price of $18.2. The impact to his portfolio due to this purchase was 0.33%. His holdings were 1,300,000 shares as of 03/31/2011.

Apollo Global Management Llc had an annual average earnings growth of 13.7% over the past 5 years.

Reduced: Avon Products Inc. (AVP)

David Williams reduced his holdings in Avon Products Inc. by 43.94%. His sale prices were between $26.16 and $30.14, with an estimated average price of $28.29. The impact to his portfolio due to this sale was -0.56%. David Williams still held 1,850,000 shares as of 03/31/2011.

Avon Products Inc. is one of the world's manufacturers and marketers of beauty and related products, which include cosmetics, fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products. Avon Products Inc. has a market cap of $12.32 billion; its shares were traded at around $28.21 with a P/E ratio of 15.6 and P/S ratio of 1.1. The dividend yield of Avon Products Inc. stocks is 3.3%. Avon Products Inc. had an annual average earnings growth of 3.2% over the past 10 years. GuruFocus rated Avon Products Inc. the business predictability rank of 3-star.

Reduced: Petrohawk Energy Corp. (HK)

David Williams reduced his holdings in Petrohawk Energy Corp. by 34.78%. His sale prices were between $18.14 and $24.11, with an estimated average price of $20.5. The impact to his portfolio due to this sale was -0.28%. David Williams still held 1,500,000 shares as of 03/31/2011.

Petrohawk Energy Corporation is an independent energy company engaged in the acquisition, production, exploitation, exploration and development of oil and gas properties. Petrohawk Energy Corp. has a market cap of $8.05 billion; its shares were traded at around $26.62 with a P/E ratio of 57.8 and P/S ratio of 5.

Reduced: Sensata Technologies Holding N.v. (ST)

David Williams reduced to his holdings in Sensata Technologies Holding N.v. by 79.19%. His sale prices were between $29.79 and $34.12, with an estimated average price of $32.02. The impact to his portfolio due to this sale was -0.27%. David Williams still held 150,000 shares as of 03/31/2011.

Sensata Technologies B.V., through its subsidiaries, is a supplier of sensing, electrical protection, control and power management solutions. Sensata Technologies Holding N.v. has a market cap of $5.77 billion; its shares were traded at around $33.09 with a P/E ratio of 18.5 and P/S ratio of 3.8.

Reduced: PPG Industries Inc. (PPG)

David Williams reduced to his holdings in PPG Industries Inc. by 25%. His sale prices were between $82.03 and $95.93, with an estimated average price of $86.33. The impact to his portfolio due to this sale was -0.2%. David Williams still held 450,000 shares as of 03/31/2011.

PPG Industries Inc. is comprised of the three following basic business segments: coatings, glass and chemicals. PPG Industries Inc. has a market cap of $14.99 billion; its shares were traded at around $93.14 with a P/E ratio of 17.9 and P/S ratio of 1.1. The dividend yield of PPG Industries Inc. stocks is 2.4%. PPG Industries Inc. had an annual average earnings growth of 3.6% over the past 10 years. GuruFocus rated PPG Industries Inc. the business predictability rank of 2.5-star.

Sold Out: Bristol-Myers Squibb Co. (BMY)

David Williams sold out his holdings in Bristol-Myers Squibb Co. His sale prices were between $24.97 and $27.29, with an estimated average price of $25.92.

Bristol-Myers Squibb Co. is a global leader in the research and development of innovative lifesaving and life-enhancing treatments for heart disease; high blood pressure; stroke; diabetes; cancer; HIV/AIDS and other infectious diseases; depression, schizophrenia and other mental disorders; pain; and other conditions. Bristol-Myers Squibb Co. has a market cap of $46.79 billion; its shares were traded at around $27.45 with a P/E ratio of 12.7 and P/S ratio of 2.4. The dividend yield of Bristol-Myers Squibb Co. stocks is 4.8%. Bristol-Myers Squibb Co. had an annual average earnings growth of 15% over the past 5 years.

Sold Out: Talecris Biotherapeutics Holdings Corp. (TLCR)

David Williams sold out his holdings in Talecris Biotherapeutics Holdings Corp. His sale prices were between $22.77 and $26.66, with an estimated average price of $24.78.

Talecris Biotherapeutics is a global biotherapeutic and biotechnology company that discovers, develops and produces critical care treatments for people with life-threatening disorders in a variety of therapeutic areas including immunology, pulmonology and hemostasis. Talecris Biotherapeutics Holdings Corp. has a market cap of $3.5 billion; its shares were traded at around $27.8 with a P/E ratio of 17.7 and P/S ratio of 2.2.

Rating: 2.3/5 (9 votes)

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