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Value Investor Arnold Van Den Berg Is Finding Plenty of Ideas; Buys BRK.B, TGT, BHE, ABM, SPLS, CSCO, MDC

gurufocus

gurufocus

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Value investor, founder of Austin Based value investing firm, Arnold Van Den Berg just released his second quarter portfolio to GuruFocus. His latest portfolio shows a lot of new ideas. He bought more Staples Inc., Cisco Systems Inc., M.D.C. Holdings Inc., Wells Fargo & Co., Benchmark Electronics Inc., Cpi Corp., and initiated positions in Berkshire Hathaway B, Target Corp., Memc Electronic Materials Inc., ABM Industries Inc., Orion Marine Group, Penn Virginia Corp., Immucor Inc., Micrel Inc., Pool Corp., Innovative Solutions And Support Inc., sells Texas Instruments Inc., Exelon Corp., Frontier Oil Corp. during the 3-months ended 06/30/2011. As of 06/30/2011, Century Management owns 96 stocks with a total value of $1.1 billion. These are the details of the buys and sells.

To learn more about Arnold van den Berg, please read GuruFocus Interview with Investor Arnold Van Den Berg. Mr. van den Berg likes to buy quality companies that are traded at historical low price to sales ratios.

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

This is the sector weightings of his portfolio:

Industrials 28.6%
Technology 21.8%
Consumer Services 16.1%
Consumer Goods 15.8%
Financials 10.5%
Oil & Gas 6.1%
Health Care 1.1%


These are the top 5 holdings of Arnold Van Den Berg

  1. Microsoft Corp. (MSFT) - 2,322,289 shares, 5.71% of the total portfolio. Shares reduced by 1.04%
  2. WalMart Stores (WMT) - 1,013,767 shares, 5.1% of the total portfolio. Shares reduced by 1.4%
  3. CocaCola Co. (KO) - 790,005 shares, 5.03% of the total portfolio. Shares reduced by 1.79%
  4. ColgatePalmolive Co. (CL) - 486,215 shares, 4.02% of the total portfolio. Shares reduced by 1.55%
  5. Dell Inc. (DELL) - 2,469,750 shares, 3.89% of the total portfolio. Shares reduced by 1.21%


New Purchase: Berkshire Hathaway B (BRK.B)

Arnold Van Den Berg initiated holdings in Berkshire Hathaway B. His purchase prices were between $73.83 and $83.68, with an estimated average price of $78.95. The impact to his portfolio due to this purchase was 1.37%. His holdings were 187,300 shares as of 06/30/2011.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway B has a market cap of $193.1 billion; its shares were traded at around $78.09 with a P/E ratio of 15.34 and P/S ratio of 1.42. Berkshire Hathaway B had an annual average earnings growth of 18.2% over the past 10 years.

New Purchase: Target Corp. (TGT)

Arnold Van Den Berg initiated holdings in Target Corp.. His purchase prices were between $46.33 and $51.76, with an estimated average price of $49. The impact to his portfolio due to this purchase was 0.99%. His holdings were 224,179 shares as of 06/30/2011.

Target Corporation operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores. Target Corp. has a market cap of $33.22 billion; its shares were traded at around $47.93 with a P/E ratio of 11.69 and P/S ratio of 0.5. The dividend yield of Target Corp. stocks is 2.09%. Target Corp. had an annual average earnings growth of 9.2% over the past 10 years. GuruFocus rated Target Corp. the business predictability rank of 5-star.

New Purchase: Benchmark Electronics Inc. (BHE)

Arnold Van Den Berg initiated holdings in Benchmark Electronics Inc.. His purchase prices were between $15.38 and $19.02, with an estimated average price of $16.71. The impact to his portfolio due to this purchase was 0.67%. His holdings were 431,138 shares as of 06/30/2011.

Benchmark Electronics, Inc. provides contract electronics manufacturing and design services to original equipment manufacturers in select industries, including medical devices, communications equipment, industrial and business computers, testing instrumentation and industrialcontrols. Benchmark Electronics Inc. has a market cap of $1.03 billion; its shares were traded at around $16.98 with a P/E ratio of 12.77 and P/S ratio of 0.43. Benchmark Electronics Inc. had an annual average earnings growth of 0.3% over the past 10 years.

New Purchase: ABM Industries Inc. (ABM)

Arnold Van Den Berg initiated holdings in ABM Industries Inc.. His purchase prices were between $21.81 and $25.63, with an estimated average price of $23.53. The impact to his portfolio due to this purchase was 0.36%. His holdings were 161,050 shares as of 06/30/2011.

ABM Industries, Inc. provides air conditioning, elevator, engineering, janitorial, lighting, parking and security services to thousands of commercial, industrial and institutional customers who outsource these services in hundreds of cities across North America. Abm Industries Inc. has a market cap of $1.25 billion; its shares were traded at around $23.59 with a P/E ratio of 17.6 and P/S ratio of 0.36. The dividend yield of Abm Industries Inc. stocks is 2.37%. Abm Industries Inc. had an annual average earnings growth of 9% over the past 10 years.

New Purchase: Orion Marine Group (ORN)

Arnold Van Den Berg initiated holdings in Orion Marine Group. His purchase prices were between $8.99 and $10.93, with an estimated average price of $10. The impact to his portfolio due to this purchase was 0.18%. His holdings were 200,350 shares as of 06/30/2011.

ORION MARINE GROUP, INC. provides a broad range of marine construction and specialty services on, over and under the water along the Gulf Coast, the Atlantic Seaboard and the Caribbean Basin and acts as a singlesource turnkey solution for its customers' marine contracting needs. Orion Marine Group has a market cap of $263.84 million; its shares were traded at around $9.77 with a P/E ratio of 14.16 and P/S ratio of 0.75.

New Purchase: Penn Virginia Corp. (PVA)

Arnold Van Den Berg initiated holdings in Penn Virginia Corp.. His purchase prices were between $13.19 and $16.74, with an estimated average price of $14.67. The impact to his portfolio due to this purchase was 0.06%. His holdings were 49,000 shares as of 06/30/2011.

Penn Virginia Corporation is engaged in the exploration, development and production of oil and natural gas and the collection of royalties and overriding royalty interests on various oil and gas properties as well as the leasing of coal mineral rights and the collection of relatedroyalties. Penn Virginia Corp. has a market cap of $614.73 million; its shares were traded at around $13.46 with and P/S ratio of 2.42. The dividend yield of Penn Virginia Corp. stocks is 1.67%. Penn Virginia Corp. had an annual average earnings growth of 11.7% over the past 10 years.

New Purchase: Immucor Inc. (BLUD)

Arnold Van Den Berg initiated holdings in Immucor Inc.. His purchase prices were between $19.37 and $21.83, with an estimated average price of $20.43. The impact to his portfolio due to this purchase was 0.03%. His holdings were 16,850 shares as of 06/30/2011.

Immucor is an international in vitro diagnostic company dedicated to automating manual processes in the hospital/donor laboratory. Immucor Inc. has a market cap of $1.46 billion; its shares were traded at around $20.73 with a P/E ratio of 16.99 and P/S ratio of 4.43. Immucor Inc. had an annual average earnings growth of 48.3% over the past 10 years. GuruFocus rated Immucor Inc. the business predictability rank of 3.5-star.

New Purchase: Micrel Inc. (MCRL)

Arnold Van Den Berg initiated holdings in Micrel Inc.. His purchase prices were between $9.89 and $14.49, with an estimated average price of $11.95. The impact to his portfolio due to this purchase was 0.03%. His holdings were 32,530 shares as of 06/30/2011.

Micrel Inc., is a global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. Micrel Inc. has a market cap of $663.95 million; its shares were traded at around $10.68 with a P/E ratio of 13.35 and P/S ratio of 2.23. The dividend yield of Micrel Inc. stocks is 1.31%. Micrel Inc. had an annual average earnings growth of 7.1% over the past 5 years.

New Purchase: Pool Corp. (POOL)

Arnold Van Den Berg initiated holdings in Pool Corp.. His purchase prices were between $24.4 and $30.98, with an estimated average price of $28.13. The impact to his portfolio due to this purchase was 0.02%. His holdings were 7,370 shares as of 06/30/2011.

SCP Pool Corporation distributes swimming pool supplies and related products to swimming pool remodelers and builders, independent retail stores and swimming pool repair and service companies. Pool Corp. has a market cap of $1.48 billion; its shares were traded at around $30.63 with a P/E ratio of 24.5 and P/S ratio of 0.91. The dividend yield of Pool Corp. stocks is 1.83%. Pool Corp. had an annual average earnings growth of 5.9% over the past 10 years.

New Purchase: Innovative Solutions And Support Inc. (ISSC)

Arnold Van Den Berg initiated holdings in Innovative Solutions And Support Inc.. His purchase prices were between $5.15 and $5.87, with an estimated average price of $5.54. The impact to his portfolio due to this purchase was 0.01%. His holdings were 10,695 shares as of 06/30/2011.

Innovative Solutions and Support, Inc. designs, manufactures and sells flight avionics products, which are electronic instruments used in the operation of aircraft, to the military and government, commercial air transport and corporate aviation markets primarily to upgrade, or retrofit, aircraft currently in use. Innovative Solutions And Support Inc. has a market cap of $94.55 million; its shares were traded at around $5.63 with a P/E ratio of 28.15 and P/S ratio of 3.74.

Added: Staples Inc. (SPLS)

Arnold Van Den Berg added to his holdings in Staples Inc. by 492.9%. His purchase prices were between $14.79 and $21.33, with an estimated average price of $18.17. The impact to his portfolio due to this purchase was 2.82%. His holdings were 2,270,663 shares as of 06/30/2011.

Staples.com is creating a business-to-business electronic marketplace offering a comprehensive solution for all of the office needs of business customers. Staples Inc. has a market cap of $11.4 billion; its shares were traded at around $15.92 with a P/E ratio of 12.44 and P/S ratio of 0.46. The dividend yield of Staples Inc. stocks is 2.51%. Staples Inc. had an annual average earnings growth of 12.2% over the past 10 years. GuruFocus rated Staples Inc. the business predictability rank of 3-star.

Added: Cisco Systems Inc. (CSCO)

Arnold Van Den Berg added to his holdings in Cisco Systems Inc. by 182%. His purchase prices were between $14.84 and $18.07, with an estimated average price of $16.49. The impact to his portfolio due to this purchase was 1.66%. His holdings were 1,742,845 shares as of 06/30/2011.

Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $87.67 billion; its shares were traded at around $15.86 with a P/E ratio of 11.09 and P/S ratio of 2.19. The dividend yield of Cisco Systems Inc. stocks is 1.51%. Cisco Systems Inc. had an annual average earnings growth of 23% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 2.5-star.

Added: M.D.C. Holdings Inc. (MDC)

Arnold Van Den Berg added to his holdings in M.d.c. Holdings Inc. by 60%. His purchase prices were between $24.18 and $29.19, with an estimated average price of $26.2. The impact to his portfolio due to this purchase was 1.33%. His holdings were 1,524,861 shares as of 06/30/2011.

M.D.C. Holdingsis engaged in the construction, sale and related financing of residential housing and the acquisition and development of land for use in its homebuilding activities and sale to others, in the Denver, Phoenix, Maryland, Virginia, mid Atlantic region, Las Vegas, Dallas, California metropolitan areas. M.d.c. Holdings Inc. has a market cap of $1.22 billion; its shares were traded at around $25.69 with and P/S ratio of 1.27. The dividend yield of M.d.c. Holdings Inc. stocks is 3.89%.

Added: Memc Electronic Materials Inc. (WFR)

Arnold Van Den Berg added to his holdings in Memc Electronic Materials Inc. by 188.36%. His purchase prices were between $8.04 and $12.75, with an estimated average price of $10.41. The impact to his portfolio due to this purchase was 0.85%. His holdings were 1,612,774 shares as of 06/30/2011.

Memc Electronic Materials, Inc. is a global producer of polysilicon and silicon wafers. Memc Electronic Materials Inc. has a market cap of $1.98 billion; its shares were traded at around $8.58 with a P/E ratio of 20.93 and P/S ratio of 0.88.

Added: Wells Fargo & Co. (WFC)

Arnold Van Den Berg added to his holdings in Wells Fargo & Co. by 31.56%. His purchase prices were between $25.36 and $32.4, with an estimated average price of $28.41. The impact to his portfolio due to this purchase was 0.79%. His holdings were 1,235,497 shares as of 06/30/2011.

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Co. has a market cap of $151.64 billion; its shares were traded at around $28.67 with a P/E ratio of 11.8 and P/S ratio of 1.63. The dividend yield of Wells Fargo & Co. stocks is 1.67%. Wells Fargo & Co. had an annual average earnings growth of 5.4% over the past 10 years.

Added: CPI Corp. (CPY)

Arnold Van Den Berg added to his holdings in Cpi Corp. by 45.8%. His purchase prices were between $12.06 and $22.55, with an estimated average price of $16.06. The impact to his portfolio due to this purchase was 0.42%. His holdings were 1,068,224 shares as of 06/30/2011.

CPI Corp. is a holding company engaged, through its subsidiaries, in the development and marketing of consumer services and related products through a network of centrally-managed, small retail locations. Cpi Corp. has a market cap of $93.08 million; its shares were traded at around $13.29 with a P/E ratio of 8.63 and P/S ratio of 0.23. The dividend yield of Cpi Corp. stocks is 7.52%. Cpi Corp. had an annual average earnings growth of 4.3% over the past 10 years.

Sold Out: Texas Instruments Inc. (TXN)

Arnold Van Den Berg sold out his holdings in Texas Instruments Inc.. His sale prices were between $31.24 and $35.9, with an estimated average price of $34.01.

Texas Instruments, Inc. is a global semiconductor company and one of the world's designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. Texas Instruments Inc. has a market cap of $38.92 billion; its shares were traded at around $33.52 with a P/E ratio of 13.2 and P/S ratio of 2.79. The dividend yield of Texas Instruments Inc. stocks is 1.55%. Texas Instruments Inc. had an annual average earnings growth of 7.9% over the past 5 years.

Sold Out: Exelon Corp. (EXC)

Arnold Van Den Berg sold out his holdings in Exelon Corp.. His sale prices were between $39.77 and $42.75, with an estimated average price of $41.46.

Exelon Corporation is a utility holding company. Its subsidiaries are engaged principally in the production, purchase, transmission, distribution and sale of electricity to residential, commercial, industrial and wholesale customers and the distribution and sale of natural gas to residential, commercial and industrial customers. Exelon Corp. has a market cap of $28.71 billion; its shares were traded at around $43.35 with a P/E ratio of 10.25 and P/S ratio of 1.54. The dividend yield of Exelon Corp. stocks is 4.84%. Exelon Corp. had an annual average earnings growth of 10.2% over the past 10 years. GuruFocus rated Exelon Corp. the business predictability rank of 2.5-star.

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

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