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Wilbur Ross Q2 Update: BWLD, CBB, MTW, SNBC, UAL, SNBC

gurufocus

gurufocus

341 followers
Wilbur Ross is the founder of private equity firm WL Ross & Co. He is best known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment, and textiles and turning them into profitable investments. He also specializes in leveraged buyouts and distressed businesses. His portfolio is generally highly concentrated in a few stocks. As of 06/30/2011, Invesco Private Capital owns 23 stocks with a total value of $1.3 billion. These are the details of the buys and sells.

Wilbur Ross buys Sun Bancorp Inc., Buffalo Wild Wings Inc., United Continental Holdings, Cincinnati Bell Inc., Manitowoc Co., Sun Bancorp Inc., Exco Resources, Exco Resources, sells International Coal Group Inc., Dynegy, Metropcs Communications, Cooper Tire & Rubber Co., Select Sector Spdrfinancial, United States Oil Fund Lp, Bioscrip Inc., Envestnet, Maxlinear, Exco Resources during the 3-months ended 06/30/2011, according to the most recent filings of his investment company, Invesco Private Capital.

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

This is the sector weightings of his portfolio:

Financials 36.1%
Oil & Gas 30.6%
Not Assigned 29.7%
Consumer Goods 1.2%
Technology 1%
Consumer Services 0.6%
Health Care 0.4%
Telecommunications 0.2%


These are the top 5 holdings of Wilbur Ross

  1. EXCO Resources (XCO) - 21,000,000 shares, 29.5392% of the total portfolio.
  2. BankUnited (BKU) - 13,721,131 shares, 29.0219% of the total portfolio.
  3. Assured Guaranty Ltd. (AGO) - 16,016,396 shares, 20.8187% of the total portfolio.
  4. Cascade Bancorp (CACB) - 11,468,750 shares, 9.2315% of the total portfolio.
  5. Sun Bancorp Inc. (SNBC) - 20,657,168 shares, 6.009% of the total portfolio. Shares added by 10.73%


Added: Sun Bancorp Inc. (SNBC)

Wilbur Ross added to his holdings in Sun Bancorp Inc. by 10.73%. His purchase prices were between $3.25 and $3.96, with an estimated average price of $3.66. The impact to his portfolio due to this purchase was 0.58%. His holdings were 20,657,168 shares as of 06/30/2011.

Sun Bancorp, Inc. is a bank holding company with two principal subsidiaries, Sun National Bank and Sun National Bank. Sun Bancorp Inc. has a market cap of $212.56 million; its shares were traded at around $2.67 with and P/S ratio of 1.32.

Added: United Continental Holdings (UAL)

Wilbur Ross added to his holdings in United Continental Holdings by 24.45%. His purchase prices were between $19.79 and $26.68, with an estimated average price of $23.4. The impact to his portfolio due to this purchase was 0.13%. His holdings were 376,700 shares as of 06/30/2011.

United Continental Holdings, Inc. is in Airlines industry. United Continental Holdings has a market cap of $5.85 billion; its shares were traded at around $17.82 with a P/E ratio of 4.84 and P/S ratio of 0.17.

New Purchase: Buffalo Wild Wings Inc. (BWLD)

Wilbur Ross initiated holdings in Buffalo Wild Wings Inc.. His purchase prices were between $53.92 and $66.93, with an estimated average price of $60.13. The impact to his portfolio due to this purchase was 0.21%. His holdings were 40,600 shares as of 06/30/2011.

Buffalo Wild Wing is an owner, operator and franchisor of restaurants featuring a variety of boldly flavored, made-to-order menu items including Buffalo New York-style chicken wings spun in one of their signature sauces. Buffalo Wild Wings Inc. has a market cap of $1.14 billion; its shares were traded at around $61.23 with a P/E ratio of 25.93 and P/S ratio of 1.87. Buffalo Wild Wings Inc. had an annual average earnings growth of 26.7% over the past 10 years.

New Purchase: Cincinnati Bell Inc. (CBB)

Wilbur Ross initiated holdings in Cincinnati Bell Inc.. His purchase prices were between $2.64 and $3.3, with an estimated average price of $2.96. The impact to his portfolio due to this purchase was 0.02%. His holdings were 78,473 shares as of 06/30/2011.

Cincinnati Bell provides a wide range of telecommunications products and services to residential and business customers in Ohio, Kentucky and Indiana. Cincinnati Bell Inc. has a market cap of $592.39 million; its shares were traded at around $3 with a P/E ratio of 12.42 and P/S ratio of 0.43. Cincinnati Bell Inc. had an annual average earnings growth of 4.9% over the past 5 years.

New Purchase: Manitowoc Co. (MTW)

Wilbur Ross initiated holdings in Manitowoc Co.. His purchase prices were between $15.1 and $22.88, with an estimated average price of $18.65. The impact to his portfolio due to this purchase was 0.02%. His holdings were 18,000 shares as of 06/30/2011.

Manitowoc Company, Inc. is a diversified, capital goods manufacturer. Manitowoc Co. has a market cap of $1.41 billion; its shares were traded at around $10.58 with a P/E ratio of 59.33 and P/S ratio of 0.45. The dividend yield of Manitowoc Co. stocks is 0.75%. Manitowoc Co. had an annual average earnings growth of 11.9% over the past 10 years.

Reduced: Metropcs Communications (PCS)

Wilbur Ross reduced to his holdings in Metropcs Communications by 82.83%. His sale prices were between $15.94 and $18.69, with an estimated average price of $17.11. The impact to his portfolio due to this sale was -0.55%. Wilbur Ross still held 100,000 shares as of 06/30/2011.

MetroPCS Communications provides wireless communications services. Metropcs Communications has a market cap of $3.67 billion; its shares were traded at around $10.26 with a P/E ratio of 12.48 and P/S ratio of 0.9. Metropcs Communications had an annual average earnings growth of 10.4% over the past 5 years.

Reduced: Cooper Tire & Rubber Co. (CTB)

Wilbur Ross reduced to his holdings in Cooper Tire & Rubber Co. by 38.94%. His sale prices were between $18.74 and $26.98, with an estimated average price of $23.43. The impact to his portfolio due to this sale was -0.3%. Wilbur Ross still held 258,600 shares as of 06/30/2011.

Cooper Tire & Rubber Company specializes in the manufacture and marketing of automotive products. Cooper Tire & Rubber Co. has a market cap of $760.07 million; its shares were traded at around $12.03 with a P/E ratio of 6.62 and P/S ratio of 0.23. The dividend yield of Cooper Tire & Rubber Co. stocks is 3.43%.

Reduced: United States Oil Fund Lp (USO)

Wilbur Ross reduced to his holdings in United States Oil Fund Lp by 36.04%. His sale prices were between $35.64 and $45.15, with an estimated average price of $40.45. The impact to his portfolio due to this sale was -0.12%. Wilbur Ross still held 71,000 shares as of 06/30/2011.

United States Oil Fund Lp has a market cap of $1.33 billion; its shares were traded at around $33.3 .

Reduced: Bioscrip Inc. (BIOS)

Wilbur Ross reduced to his holdings in Bioscrip Inc. by 25.85%. His sale prices were between $4.205 and $7.84, with an estimated average price of $6.2. The impact to his portfolio due to this sale was -0.07%. Wilbur Ross still held 602,341 shares as of 06/30/2011.

BioScrip provides comprehensive pharmaceutical care solutions. Bioscrip Inc. has a market cap of $308.37 million; its shares were traded at around $5.55 with a P/E ratio of 17.24 and P/S ratio of 0.19.

Reduced: Maxlinear (MXL)

Wilbur Ross reduced to his holdings in Maxlinear by 55.74%. His sale prices were between $7.8 and $9.39, with an estimated average price of $8.69. The impact to his portfolio due to this sale was -0.01%. Wilbur Ross still held 11,064 shares as of 06/30/2011.

MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. Maxlinear has a market cap of $165.14 million; its shares were traded at around $5.17 with and P/S ratio of 2.4.

Sold Out: Dynegy (DYN)

Wilbur Ross sold out his holdings in Dynegy. His sale prices were between $5.54 and $6.45, with an estimated average price of $5.92.

Dynegy Inc. is a provider of energy products and services in North America, the United Kingdom and in continental Europe. Dynegy has a market cap of $517.85 million; its shares were traded at around $4.37 with and P/S ratio of 0.22.

Sold Out: Select Sector Spdrfinancial (XLF)

Wilbur Ross sold out his holdings in Select Sector Spdrfinancial. His sale prices were between $14.73 and $16.69, with an estimated average price of $15.69.

Select Sector Spdrfinancial has a market cap of $5.91 billion; its shares were traded at around $12.87 . The dividend yield of Select Sector Spdrfinancial stocks is 1.66%.

Sold Out: Envestnet (ENV)

Wilbur Ross sold out his holdings in Envestnet. His sale prices were between $12.99 and $15.02, with an estimated average price of $13.74.

Envestnet, Inc. is an independent provider of technology-enabled, Web-based investment solutions and services to financial advisors. Envestnet has a market cap of $381.61 million; its shares were traded at around $12.14 with a P/E ratio of 43.07 and P/S ratio of 3.89.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 2.9/5 (11 votes)

Comments

vgm
Vgm - 3 years ago
Thanks.

Don't forget that Ross increased his holding in XCO to 12% in the past couple of weeks (from the 9.8% you show).

All his top holdings are down significantly due to the recent market turmoil and may represent good entry points. He talked on CNBC about favoring XCO in the shale gas space because it is the low cost provider and can be profitable even at current depressed gas prices.

Please leave your comment:


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