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Leucadia National Buys Jefferies Group Inc., Mueller Industries, Sells Global Power Equipment Group Capital Southwest Corp., Winndixie Stores

August 11, 2011 | About:
gurufocus

gurufocus

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Leucadia National just filed its first quarter equity holdings. The firm likes to buy distressed companies at fire sale prices. Leucadia is run by its chairman Ian Cumming and president Joe Steinberg. During the second quarter of 2011, the firm bought more Jefferies Group Inc. and Mueller Industries Inc and sold Global Power Equipment Group Inc, Capital Southwest Corp., Winndixie Stores Inc. As of 06/30/2011, Leucadia National owns 5 stocks with a total value of $1.2 billion. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Financials 91.3%
Industrials 5.9%
Not Assigned 2.8%


These are the top 5 holdings of Ian Cumming

  1. Jefferies Group Inc. (JEF) - 54,506,024 shares, 90.997% of the total portfolio. Shares added by 10.44%
  2. Mueller Industries Inc. (MLI) - 1,892,676 shares, 5.8719% of the total portfolio. Shares added by 10.1%
  3. INTL FCStone Inc. (INTL) - 1,384,985 shares, 2.744% of the total portfolio.
  4. Cowen Group Inc. (COWN) - 993,758 shares, 0.3058% of the total portfolio.
  5. Global Power Equipment Group Inc (GLPW) - 37,300 shares, 0.0809% of the total portfolio. Shares reduced by 72.71%


Added: Jefferies Group Inc. (JEF)

Ian Cumming added to his holdings in Jefferies Group Inc. by 10.44%. His purchase prices were between $20 and $25.17, with an estimated average price of $22.61. The impact to his portfolio due to this purchase was 8.6%. His holdings were 54,506,024 shares as of 06/30/2011.

Jefferies Group, Inc. is a holding company whose affiliated companies, including its principal operating subsidiary, Jefferies & Company, Inc. Jefferies Group Inc. has a market cap of $3.36 billion; its shares were traded at around $16.92 with and P/S ratio of 1.2. The dividend yield of Jefferies Group Inc. stocks is 1.8%.

Added: Mueller Industries Inc. (MLI)

Ian Cumming added to his holdings in Mueller Industries Inc. by 10.1%. His purchase prices were between $34.82 and $39.9, with an estimated average price of $36.41. The impact to his portfolio due to this purchase was 0.54%. His holdings were 1,892,676 shares as of 06/30/2011.

Mueller Industries, Inc. is a manufacturer of copper tube and fittings; brass and copper alloy rod, bar and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings; and fabricated tubular products. Mueller Industries Inc. has a market cap of $1.46 billion; its shares were traded at around $38.82 with a P/E ratio of 15.8 and P/S ratio of 0.7. The dividend yield of Mueller Industries Inc. stocks is 1%. Mueller Industries Inc. had an annual average earnings growth of 0.2% over the past 10 years.

Reduced: Global Power Equipment Group Inc (GLPW)

Ian Cumming reduced to his holdings in Global Power Equipment Group Inc by 72.71%. His sale prices were between $25.25 and $30, with an estimated average price of $27.82. The impact to his portfolio due to this sale was -0.2%. Ian Cumming still held 37,300 shares as of 06/30/2011.

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 $408.6 million; its shares were traded at around $25.28 with a P/E ratio of 14.2 and P/S ratio of 0.8.

Sold Out: Capital Southwest Corp. (CSWC)

Ian Cumming sold out his holdings in Capital Southwest Corp.. His sale prices were between $91.67 and $97.29, with an estimated average price of $94.38.

Capital Southwest Corporation is a venture capital investment company whose objective is to achieve capital appreciation through long-term investments in businesses believed to have favorable growth potential. Capital Southwest Corp. has a market cap of $342.6 million; its shares were traded at around $93.15 with a P/E ratio of 190.2 and P/S ratio of 45.2. The dividend yield of Capital Southwest Corp. stocks is 0.9%. Capital Southwest Corp. had an annual average earnings growth of 1.6% over the past 10 years.

Sold Out: Winndixie Stores Inc. (WINN)

Ian Cumming sold out his holdings in Winndixie Stores Inc.. His sale prices were between $6.6 and $9.35, with an estimated average price of $7.67.

WINN DIXIE STORES currently operates 520 stores in 22 DMAs throughout Florida, Alabama, Louisiana, Georgia, and Mississippi. Winndixie Stores Inc. has a market cap of $439.9 million; its shares were traded at around $7.83 with and P/S ratio of 0.1.

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gurufocus
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