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Hedge Fund Manager Glenn Greenberg’s Q1 Portfolio Update

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Hedge Fund Manager Glenn Greenberg built a great track record while he was at his former firm, Chieftain Capital Management. He split with his partner at Chieftain, and started a new firm by himself, Brave Warrior Capital. Glenn Greenberg runs a concentrated portfolio. He wants to buy companies that are deeply undervalued.

Glenn Greenberg buys Valeant Pharmaceuticals International, Aon Corp., John Wiley & Sons, Mastercard Inc., Arch Capital Group Ltd., sells Lockheed Martin Corp., Comcast Corp. Special, Google Inc., U.s. Bancorp, Broadridge Financial Solutions Inc during the 3-months ended 03/31/2011, according to the most recent filings of his investment company, Brave Warrior Capital, Inc.. As of 03/31/2011, Brave Warrior Capital, Inc. owns 13 stocks with a total value of $1.2 billion. These are the details of the buys and sells.

This is the portfolio chart of Glenn Greenberg. 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 Glenn Greenberg's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Glenn+Greenberg

This is the sector weightings of his portfolio:

Financials 23.7%
Consumer Services 19.1%
Industrials 19.1%
Health Care 18.9%
Technology 11.7%


These are the top 5 holdings of Glenn Greenberg

  1. Fiserv Inc. (FISV) - 2,555,756 shares, 13.71% of the total portfolio. Shares reduced by 1.52%
  2. VALEANT PHARMACEUTICALS INTERNATIONAL (VRX) - 2,391,325 shares, 10.19% of the total portfolio. Shares added by 10000%
  3. MASTERCARD Inc. (MA) - 471,412 shares, 10.15% of the total portfolio. Shares added by 12.56%
  4. Comcast Corp. Special (CMCSK) - 4,460,241 shares, 8.86% of the total portfolio. Shares reduced by 34.86%
  5. LABORATORY CORP. OF AMER. (LH) - 1,108,665 shares, 8.74% of the total portfolio. Shares reduced by 15.41%


Added: Mastercard Inc. (MA)

Glenn Greenberg added to his holdings in Mastercard Inc. by 12.56%. His purchase prices were between $220.85 and $254.96, with an estimated average price of $242.76. The impact to his portfolio due to this purchase was 1.13%. His holdings were 471,412 shares as of 03/31/2011.

MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Inc. has a market cap of $36.57 billion; its shares were traded at around $280 with a P/E ratio of 18.82 and P/S ratio of 6.6. The dividend yield of Mastercard Inc. stocks is 0.21%.

Added: Arch Capital Group Ltd. (ACGL)

Glenn Greenberg added to his holdings in Arch Capital Group Ltd. by 2.76%. His purchase prices were between $28.6433 and $32.63, with an estimated average price of $30.01. The impact to his portfolio due to this purchase was 0.18%. His holdings were 805,048 shares as of 03/31/2011.

Arch Capital Group Ltd. is a diversified financial services holding company, with an emphasis on the insurance sector. Arch Capital Group Ltd. has a market cap of $4.54 billion; its shares were traded at around $34.24 with a P/E ratio of 13.19 and P/S ratio of 1.4. Arch Capital Group Ltd. had an annual average earnings growth of 20.5% over the past 10 years.

New Purchase: Valeant Pharmaceuticals International (VRX)

Glenn Greenberg initiated holdings in Valeant Pharmaceuticals International. His purchase prices were between $28.29 and $50.08, with an estimated average price of $38.68. The impact to his portfolio due to this purchase was 10.19%. His holdings were 2,391,325 shares as of 03/31/2011.

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 $15.23 billion; its shares were traded at around $50.07 with a P/E ratio of 47.69 and P/S ratio of 12.9.

New Purchase: Aon Corp. (AON)

Glenn Greenberg initiated holdings in Aon Corp.. His purchase prices were between $43.83 and $52.93, with an estimated average price of $48.94. The impact to his portfolio due to this purchase was 7.45%. His holdings were 1,645,494 shares as of 03/31/2011.

Aon Corporation is a holding company whose operating subsidiaries carry onbusiness in three distinct segments: insurance brokerage and other services; consulting; and insurance underwriting. Aon Corp. has a market cap of $17.6 billion; its shares were traded at around $52.84 with a P/E ratio of 17.32 and P/S ratio of 2.07. The dividend yield of Aon Corp. stocks is 1.14%. Aon Corp. had an annual average earnings growth of 3.2% over the past 10 years.

New Purchase: John Wiley & Sons (JW.A)

Glenn Greenberg initiated holdings in John Wiley & Sons. His purchase prices were between $45.24 and $50.66, with an estimated average price of $47.59. The impact to his portfolio due to this purchase was 2.14%. His holdings were 490,969 shares as of 03/31/2011.

Wiley John & Sons Inc. is a global publisher of print and electronic products, specializing in scientific, technical, and medical books and journals; professional and consumer books and subscription services; and textbooks and other educational materials for undergraduate and graduate students as well as lifelong learners. John Wiley & Sons has a market cap of $3.06 billion; its shares were traded at around $50.78 with a P/E ratio of 17.88 and P/S ratio of 1.8. The dividend yield of John Wiley & Sons stocks is 1.26%. John Wiley & Sons had an annual average earnings growth of 12.3% over the past 10 years. GuruFocus rated John Wiley & Sons the business predictability rank of 4.5-star.

Reduced: Comcast Corp. Special (CMCSK)

Glenn Greenberg reduced to his holdings in Comcast Corp. Special by 34.86%. His sale prices were between $20.81 and $24.33, with an estimated average price of $22.55. The impact to his portfolio due to this sale was -4.74%. Glenn Greenberg still held 4,460,241 shares as of 03/31/2011.

Comcast Corporation is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. Comcast Corp. Special has a market cap of $68.4 billion; its shares were traded at around $23.66 with a P/E ratio of 17.53 and P/S ratio of 1.8. The dividend yield of Comcast Corp. Special stocks is 1.9%. Comcast Corp. Special had an annual average earnings growth of 14.9% over the past 10 years.

Reduced: Google Inc. (GOOG)

Glenn Greenberg reduced to his holdings in Google Inc. by 26.27%. His sale prices were between $557.1 and $639.63, with an estimated average price of $603.21. The impact to his portfolio due to this sale was -2.1%. Glenn Greenberg still held 117,396 shares as of 03/31/2011.

Google is a public and profitable company focused on search services. Google Inc. has a market cap of $170.26 billion; its shares were traded at around $529.55 with a P/E ratio of 19.41 and P/S ratio of 5.81. Google Inc. had an annual average earnings growth of 58.4% over the past 10 years.

Reduced: U.s. Bancorp (USB)

Glenn Greenberg reduced to his holdings in U.s. Bancorp by 23.56%. His sale prices were between $26.05 and $28.7, with an estimated average price of $27.14. The impact to his portfolio due to this sale was -2.07%. Glenn Greenberg still held 2,963,104 shares as of 03/31/2011.

U.S. Bancorp is a financial services holding company. U.s. Bancorp has a market cap of $48.17 billion; its shares were traded at around $25.02 with a P/E ratio of 13.24 and P/S ratio of 2.35. The dividend yield of U.s. Bancorp stocks is 2%. U.s. Bancorp had an annual average earnings growth of 1.6% over the past 10 years.

Reduced: Broadridge Financial Solutions Inc (BR)

Glenn Greenberg reduced to his holdings in Broadridge Financial Solutions Inc by 23.74%. His sale prices were between $21 and $23.4, with an estimated average price of $22.41. The impact to his portfolio due to this sale was -1.67%. Glenn Greenberg still held 2,772,198 shares as of 03/31/2011.

Broadridge is a global provider of technology-based outsourcing solutions to the financial services industry. Broadridge Financial Solutions Inc has a market cap of $2.85 billion; its shares were traded at around $22.74 with a P/E ratio of 17.91 and P/S ratio of 1.29. The dividend yield of Broadridge Financial Solutions Inc stocks is 2.64%.

Sold Out: Lockheed Martin Corp. (LMT)

Glenn Greenberg sold out his holdings in Lockheed Martin Corp.. His sale prices were between $69.87 and $82.27, with an estimated average price of $78.74.

Lockheed Martin Corp. is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. Lockheed Martin Corp. has a market cap of $27.82 billion; its shares were traded at around $79.59 with a P/E ratio of 10.7 and P/S ratio of 0.61. The dividend yield of Lockheed Martin Corp. stocks is 3.77%. Lockheed Martin Corp. had an annual average earnings growth of 17% over the past 10 years. GuruFocus rated Lockheed Martin Corp. the business predictability rank of 4.5-star.


Rating: 3.0/5 (10 votes)

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