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Ken Heebner’s CGM Funds Q2 Update: F, CMI, BBBY, HLF, ROST, OXY, C, BIDU

gurufocus

gurufocus

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Ken Heebner of CGM Focus fund reported his second quarter portfolio. He made his fame in 2007 by shorting financials. His fund has since slumped. His fund is losing close to 20% so far this year. These are the details of buys and sells.

Mr. Heebner invests in the areas where the macro trends are in favor. He switches directions quickly to take advantage of opportunities. His fund had a turnover of 464% of the average value of its portfolio. For the past 10 years and 5 years, his fund outperformed almost any other fund, although the investors who put money in his fund may have lost a lot of money. As of 06/30/2011, Capital Growth Management LP owns 83 stocks with a total value of $6.1 billion. These are the details of the buys and sells that have the impact to portfolio of more than 1%.

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

This is the sector weightings of his portfolio:

Financials 35.5%
Consumer Services 18.9%
Oil & Gas 15.3%
Consumer Goods 11%
Technology 7.5%
Industrials 6.3%
Health Care 2.8%
Basic Materials 2.3%
Not Assigned 0.3%


These are the top 5 holdings of Ken Heebner

  1. NationalOilwell Inc. (NOV) - 2,980,000 shares, 3.8395% of the total portfolio. Shares added by 0.34%
  2. Ford Motor Co. (F) - 16,684,700 shares, 3.7903% of the total portfolio. Shares added by 10000%
  3. Citigroup Inc. (C) - 5,506,800 shares, 3.7775% of the total portfolio. Shares added by 788.19%
  4. Occidental Petroleum Corp. (OXY) - 2,195,100 shares, 3.7622% of the total portfolio. Shares added by 1061.43%
  5. Baidu Inc. ADS (BIDU) - 1,587,000 shares, 3.6635% of the total portfolio. Shares added by 115.92%


Added: Occidental Petroleum Corp. (OXY)

Ken Heebner added to his holdings in Occidental Petroleum Corp. by 1061.43%. His purchase prices were between $96.89 and $114.29, with an estimated average price of $102.67. The impact to his portfolio due to this purchase was 3.44%. His holdings were 2,195,100 shares as of 06/30/2011.

Added: Citigroup Inc. (C)

Ken Heebner added to his holdings in Citigroup Inc. by 788.19%. His purchase prices were between $36.81 and $45.9, with an estimated average price of $41.99. The impact to his portfolio due to this purchase was 3.35%. His holdings were 5,506,800 shares as of 06/30/2011.

Added: Baidu Inc. Ads (BIDU)

Ken Heebner added to his holdings in Baidu Inc. Ads by 115.92%. His purchase prices were between $116.24 and $152.37, with an estimated average price of $135.71. The impact to his portfolio due to this purchase was 1.97%. His holdings were 1,587,000 shares as of 06/30/2011.

New Purchase: Ford Motor Co. (F)

Ken Heebner initiated holdings in Ford Motor Co.. His purchase prices were between $12.77 and $15.79, with an estimated average price of $14.54. The impact to his portfolio due to this purchase was 3.79%. His holdings were 16,684,700 shares as of 06/30/2011.

New Purchase: Cummins Inc. (CMI)

Ken Heebner initiated holdings in Cummins Inc.. His purchase prices were between $92.44 and $120.18, with an estimated average price of $105.56. The impact to his portfolio due to this purchase was 2.97%. His holdings were 1,740,000 shares as of 06/30/2011.

New Purchase: Bed Bath & Beyond Inc. (BBBY)

Ken Heebner initiated holdings in Bed Bath & Beyond Inc.. His purchase prices were between $48.49 and $58.02, with an estimated average price of $54.43. The impact to his portfolio due to this purchase was 2.9%. His holdings were 3,015,000 shares as of 06/30/2011.

New Purchase: Herbalife (HLF)

Ken Heebner initiated holdings in Herbalife. His purchase prices were between $40.5 and $57.47, with an estimated average price of $50.25. The impact to his portfolio due to this purchase was 2.86%. His holdings were 3,010,000 shares as of 06/30/2011.

New Purchase: Ross Stores Inc. (ROST)

Ken Heebner initiated holdings in Ross Stores Inc.. His purchase prices were between $70.57 and $82.64, with an estimated average price of $76.62. The impact to his portfolio due to this purchase was 2.69%. His holdings were 2,040,000 shares as of 06/30/2011.

New Purchase: Tiffany & Co. (TIF)

Ken Heebner initiated holdings in Tiffany & Co.. His purchase prices were between $61.43 and $77.93, with an estimated average price of $69.77. The impact to his portfolio due to this purchase was 2.57%. His holdings were 1,987,200 shares as of 06/30/2011.

New Purchase: Borgwarner Inc. (BWA)

Ken Heebner initiated holdings in Borgwarner Inc.. His purchase prices were between $66.29 and $81.66, with an estimated average price of $73.47. The impact to his portfolio due to this purchase was 2.1%. His holdings were 1,580,000 shares as of 06/30/2011.

New Purchase: Freeportmcmoran Copper & Gold (FCX)

Ken Heebner initiated holdings in Freeportmcmoran Copper & Gold. His purchase prices were between $46.83 and $57.23, with an estimated average price of $50.96. The impact to his portfolio due to this purchase was 1.71%. His holdings were 1,960,000 shares as of 06/30/2011.

New Purchase: Digital Realty Trust Inc. (DLR)

Ken Heebner initiated holdings in Digital Realty Trust Inc.. His purchase prices were between $56.66 and $63.97, with an estimated average price of $60.4. The impact to his portfolio due to this purchase was 1.54%. His holdings were 1,517,200 shares as of 06/30/2011.

New Purchase: Wynn Resorts Ltd. (WYNN)

Ken Heebner initiated holdings in Wynn Resorts Ltd.. His purchase prices were between $129.4 and $149.74, with an estimated average price of $140. The impact to his portfolio due to this purchase was 1.49%. His holdings were 630,000 shares as of 06/30/2011.

New Purchase: Vornado Realty Trust (VNO)

Ken Heebner initiated holdings in Vornado Realty Trust. His purchase prices were between $87.54 and $98.38, with an estimated average price of $93.09. The impact to his portfolio due to this purchase was 1.3%. His holdings were 845,000 shares as of 06/30/2011.

New Purchase: Unitedhealth Group Inc. (UNH)

Ken Heebner initiated holdings in Unitedhealth Group Inc.. His purchase prices were between $43.55 and $52.22, with an estimated average price of $48.51. The impact to his portfolio due to this purchase was 1.08%. His holdings were 1,271,300 shares as of 06/30/2011.

Reduced: Tata Motors Ltd. Ads (TTM)

Ken Heebner reduced to his holdings in Tata Motors Ltd. Ads by 84.46%. His sale prices were between $21.1 and $28.58, with an estimated average price of $25.12. The impact to his portfolio due to this sale was -3.5%. Ken Heebner still held 1,536,600 shares as of 06/30/2011.

Reduced: Schlumberger Ltd. (SLB)

Ken Heebner reduced to his holdings in Schlumberger Ltd. by 75.17%. His sale prices were between $80.64 and $93.7, with an estimated average price of $85.2. The impact to his portfolio due to this sale was -2.49%. Ken Heebner still held 585,000 shares as of 06/30/2011.

Reduced: Csx Corp. (CSX)

Ken Heebner reduced to his holdings in Csx Corp. by 56.3%. His sale prices were between $24.3 and $26.4633, with an estimated average price of $25.41. The impact to his portfolio due to this sale was -1.4%. Ken Heebner still held 2,754,700 shares as of 06/30/2011.

Sold Out: Asml Holding N.v. New York Registry (ASML)

Ken Heebner sold out his holdings in Asml Holding N.v. New York Registry. His sale prices were between $34.98 and $44.43, with an estimated average price of $39.31.

Sold Out: Lam Research Corp. (LRCX)

Ken Heebner sold out his holdings in Lam Research Corp.. His sale prices were between $42.04 and $56.32, with an estimated average price of $47.48.

Sold Out: United Continental Holdings (UAL)

Ken Heebner sold out his holdings in United Continental Holdings. His sale prices were between $19.79 and $26.68, with an estimated average price of $23.4.

Sold Out: Lyondellbasell Industries Cl A (LYB)

Ken Heebner sold out his holdings in Lyondellbasell Industries Cl A. His sale prices were between $36.56 and $44.57, with an estimated average price of $40.57.

Sold Out: Delta Air Lines (DAL)

Ken Heebner sold out his holdings in Delta Air Lines. His sale prices were between $9 and $11.51, with an estimated average price of $9.95.

Sold Out: International Paper Co. (IP)

Ken Heebner sold out his holdings in International Paper Co.. His sale prices were between $26.57 and $32.86, with an estimated average price of $29.96.

Sold Out: Aflac Inc. (AFL)

Ken Heebner sold out his holdings in Aflac Inc.. His sale prices were between $44.3 and $57, with an estimated average price of $50.31.

Sold Out: Apple Inc. (AAPL)

Ken Heebner sold out his holdings in Apple Inc.. His sale prices were between $315.32 and $353.009, with an estimated average price of $337.64.

Sold Out: Bhp Billiton Ltd. Ads (BHP)

Ken Heebner sold out his holdings in Bhp Billiton Ltd. Ads. His sale prices were between $88.38 and $102.68, with an estimated average price of $94.88.

Sold Out: Klatencor Corp. (KLAC)

Ken Heebner sold out his holdings in Klatencor Corp.. His sale prices were between $38.1 and $46.8, with an estimated average price of $42.16.

Sold Out: Peabody Energy Corp. (BTU)

Ken Heebner sold out his holdings in Peabody Energy Corp.. His sale prices were between $53.22 and $72.71, with an estimated average price of $61.05.

Sold Out: Norfolk Southern Corp. (NSC)

Ken Heebner sold out his holdings in Norfolk Southern Corp.. His sale prices were between $66.27 and $74.68, with an estimated average price of $70.9.

Sold Out: Prologis (PLD)

Ken Heebner sold out his holdings in Prologis. His sale prices were between $15.21 and $35.4, with an estimated average price of $21.58.

Sold Out: Deere & Co. (DE)

Ken Heebner sold out his holdings in Deere & Co.. His sale prices were between $78.53 and $99.24, with an estimated average price of $88.14.

Sold Out: General Growth Properties Inc. (GGP)

Ken Heebner sold out his holdings in General Growth Properties Inc.. His sale prices were between $14.92 and $16.7, with an estimated average price of $15.98.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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