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Hedge Fund Centaur Capital Reports Second Quarter Portfolio

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gurufocus

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Zeke Ashton is the managing partner of Centaur Capital Partners. He also manages investments for the Centaur Value Fund and the Tilson Divident Fund. In 2010, the Tilson Dividend Fund returned 20.64% versus the S&P 500’s 15.1%. In 2009, the fund returned 43.98% versus the S&P 500’s 26.5%. He invests according to a philosophy based on value principles. He chooses stocks based on the business’ true value, cash flow generation, management quality, and the competitive advantages of the underlying businesses when such stocks are available at compelling prices.

The founder of Centaur Capital Partners, Zeke Ashton is a Texas-based value investor who has capably realized annualized returns of 16% since the inception of his hedge fund in 2002. He started Centaur with less than $1 million as capital which he has converted into over $110 million in matter of a decade. He outperformed the market during the financial turmoil of 2008 and was among the few hedge fund managers to beat the market by a wide margin in 2009.

Zeke Ashton buys Activision Blizzard Inc., Biglari Holdings, Interdigital Inc., Alleghany Corp., Telular Corp., Dell Inc., Calamos Asset Management Inc., Transatlantic Petroleum Ltd., sells The Madison Square Garden Company, Laboratory Corp. Of America Holdings, Best Buy Co. Inc., Coinstar Inc., Foot Locker Inc., Emc Corp., Gamestop Corp. Cl A, American Defense Systems Inc. during the 3-months ended 06/30/2011, according to the most recent filings of his investment company, Centaur Capital Partners. As of 06/30/2011, Centaur Capital Partners owns 36 stocks with a total value of $112 million. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Technology 29.8%
Financials 20.2%
Not Assigned 11.9%
Industrials 7%
Consumer Services 6.9%
Consumer Goods 5.8%
Oil & Gas 2.5%


These are the top 5 holdings of Zeke Ashton

  1. Activision Blizzard Inc. (ATVI) - 490,000 shares, 5.0906% of the total portfolio. Shares added by 10000%
  2. Dell Inc. (DELL) - 340,000 shares, 5.0416% of the total portfolio. Shares added by 13.33%
  3. Western Digital Corp. (WDC) - 125,000 shares, 4.0454% of the total portfolio.
  4. Coinstar Inc. (CSTR) - 81,000 shares, 3.9298% of the total portfolio. Shares reduced by 37.69%
  5. Calamos Asset Management Inc. (CLMS) - 275,000 shares, 3.5517% of the total portfolio. Shares added by 15.16%


Added: Alleghany Corp. (Y)

Zeke Ashton added to his holdings in Alleghany Corp. by 42.02%. His purchase prices were between $324.2 and $338.9, with an estimated average price of $329.79. The impact to his portfolio due to this purchase was 0.8%. His holdings were 9,126 shares as of 06/30/2011.

ALLEGHANY CORP. is engaged, through its subsidiaries Chicago Title and Trust Company (``CT&T``), Chicago Title Insurance Company (``CTI``), Security Union Title Insurance Company (``Security Union``) and Ticor Title Insurance Company (``Ticor Title``) and their subsidiaries, in the sale and underwriting of title insurance and in other real estate-related services businesses, and through CT&T's subsidiary, Alleghany Asset Management, Inc. Alleghany Corp. has a market cap of $2.65 billion; its shares were traded at around $298.27 with a P/E ratio of 17.7 and P/S ratio of 2.7. Alleghany Corp. had an annual average earnings growth of 2.6% over the past 10 years.

Added: Telular Corp. (WRLS)

Zeke Ashton added to his holdings in Telular Corp. by 145.97%. His purchase prices were between $5.79 and $7.52, with an estimated average price of $6.54. The impact to his portfolio due to this purchase was 0.76%. His holdings were 232,200 shares as of 06/30/2011.

Telular Corporation is a leader in the design and manufacturing of wireless products. Telular Corp. has a market cap of $92 million; its shares were traded at around $6.1 with a P/E ratio of 24.4 and P/S ratio of 1.9. The dividend yield of Telular Corp. stocks is 6.5%.

Added: Dell Inc. (DELL)

Zeke Ashton added to his holdings in Dell Inc. by 13.33%. His purchase prices were between $14.25 and $16.75, with an estimated average price of $15.68. The impact to his portfolio due to this purchase was 0.59%. His holdings were 340,000 shares as of 06/30/2011.

Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $30.1 billion; its shares were traded at around $15.8 with a P/E ratio of 8.7 and P/S ratio of 0.5. Dell Inc. had an annual average earnings growth of 4.2% over the past 10 years.

Added: Calamos Asset Management Inc. (CLMS)

Zeke Ashton added to his holdings in Calamos Asset Management Inc. by 15.16%. His purchase prices were between $13.28 and $17.2, with an estimated average price of $14.96. The impact to his portfolio due to this purchase was 0.47%. His holdings were 275,000 shares as of 06/30/2011.

Calamos Asset Management, Inc., provides investment advisory services through its subsidiaries to institutions and individuals, principally in the United States. Calamos Asset Management Inc. has a market cap of $224.4 million; its shares were traded at around $11.84 with a P/E ratio of 10.5 and P/S ratio of 0.7. The dividend yield of Calamos Asset Management Inc. stocks is 3.5%.

Added: Transatlantic Petroleum Ltd. (TAT)

Zeke Ashton added to his holdings in Transatlantic Petroleum Ltd. by 12.97%. His purchase prices were between $1.7 and $3.15, with an estimated average price of $2.34. The impact to his portfolio due to this purchase was 0.15%. His holdings were 870,745 shares as of 06/30/2011.

TransAtlantic Petroleum Ltd. is a vertically integrated, international oil and gas company. Transatlantic Petroleum Ltd. has a market cap of $366.7 million; its shares were traded at around $1.08 with and P/S ratio of 12.5.

New Purchase: Activision Blizzard Inc. (ATVI)

Zeke Ashton initiated holdings in Activision Blizzard Inc.. His purchase prices were between $10.87 and $11.99, with an estimated average price of $11.39. The impact to his portfolio due to this purchase was 5.09%. His holdings were 490,000 shares as of 06/30/2011.

ACTIVISION BLIZZARD, INC. is a worldwide pure-play online and console game publisher with market positions across all categories of the rapidly growing interactive entertainment software industry. Activision Blizzard Inc. has a market cap of $12.48 billion; its shares were traded at around $10.85 with a P/E ratio of 14 and P/S ratio of 2.8. The dividend yield of Activision Blizzard Inc. stocks is 1.5%.

New Purchase: Biglari Holdings (BH)

Zeke Ashton initiated holdings in Biglari Holdings. His purchase prices were between $368.45 and $437.24, with an estimated average price of $402.51. The impact to his portfolio due to this purchase was 2.43%. His holdings were 7,000 shares as of 06/30/2011.

Biglari Holdings Inc., formerly known as The Steak n Shake Company, is engaged primarily in the ownership, operation, and franchising of restaurants in the United States. Biglari Holdings has a market cap of $455.6 million; its shares were traded at around $334.5 with a P/E ratio of 15.2 and P/S ratio of 0.7.

New Purchase: Interdigital Inc. (IDCC)

Zeke Ashton initiated holdings in Interdigital Inc.. His purchase prices were between $35.02 and $49.11, with an estimated average price of $42.49. The impact to his portfolio due to this purchase was 1.45%. His holdings were 40,000 shares as of 06/30/2011.

INTERDIGITAL COMMUNICATIONS develops and markets advanced digital wireless telecommunications systems using proprietary technologies for voice and data communications and has developed an extensive patent portfolio related to those technologies. Interdigital Inc. has a market cap of $3.08 billion; its shares were traded at around $64.03 with a P/E ratio of 28 and P/S ratio of 7.8. The dividend yield of Interdigital Inc. stocks is 0.6%. Interdigital Inc. had an annual average earnings growth of 33.1% over the past 5 years.

Reduced: Coinstar Inc. (CSTR)

Zeke Ashton reduced to his holdings in Coinstar Inc. by 37.69%. His sale prices were between $45.45 and $54.95, with an estimated average price of $50.54. The impact to his portfolio due to this sale was -2.19%. Zeke Ashton still held 81,000 shares as of 06/30/2011.

Coinstar, Inc. operate a national network of self-service coin-counting machines in the U. Coinstar Inc. has a market cap of $1.35 billion; its shares were traded at around $43.12 with a P/E ratio of 15.5 and P/S ratio of 0.9. Coinstar Inc. had an annual average earnings growth of 17% over the past 10 years. GuruFocus rated Coinstar Inc. the business predictability rank of 4-star.

Reduced: American Defense Systems Inc. (EAG)

Zeke Ashton reduced to his holdings in American Defense Systems Inc. by 51.62%. His sale prices were between $0.052 and $0.155, with an estimated average price of $0.11. The impact to his portfolio due to this sale was -0.02%. Zeke Ashton still held 153,500 shares as of 06/30/2011.

AMERICAN DEFENSE SYSTEMS INC offers advanced solutions in the design, fabrication, and installation of transparent and opaque armor, security doors, windows and curtain wall systems for use by military, law enforcement, homeland defense and corporate customers. American Defense Systems Inc. has a market cap of $5.7 million; its shares were traded at around $0.105 with and P/S ratio of 0.2.

Sold Out: The Madison Square Garden Company (MSG)

Zeke Ashton sold out his holdings in The Madison Square Garden Company. His sale prices were between $25.86 and $29.05, with an estimated average price of $26.99.

Madison Square Garden is a fully-integrated sports, entertainment and media business. The Madison Square Garden Company has a market cap of $1.51 billion; its shares were traded at around $24.47 with a P/E ratio of 22.1 and P/S ratio of 1.3.

Sold Out: Laboratory Corp. Of America Holdings (LH)

Zeke Ashton sold out his holdings in Laboratory Corp. Of America Holdings. His sale prices were between $92.82 and $100.83, with an estimated average price of $96.71.

Laboratory Corporation of America Holdings, is one of the largest independent clinical laboratory company's in the United States. Laboratory Corp. Of America Holdings has a market cap of $8.46 billion; its shares were traded at around $84.14 with a P/E ratio of 13.7 and P/S ratio of 1.7. Laboratory Corp. Of America Holdings had an annual average earnings growth of 15.8% over the past 10 years. GuruFocus rated Laboratory Corp. Of America Holdings the business predictability rank of 5-star.

Sold Out: Best Buy Co. Inc. (BBY)

Zeke Ashton sold out his holdings in Best Buy Co. Inc.. His sale prices were between $28.15 and $32.48, with an estimated average price of $30.63.

Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. Best Buy Co. Inc. has a market cap of $8.83 billion; its shares were traded at around $24.87 with a P/E ratio of 6.8 and P/S ratio of 0.2. The dividend yield of Best Buy Co. Inc. stocks is 2.6%. Best Buy Co. Inc. had an annual average earnings growth of 13.9% over the past 10 years. GuruFocus rated Best Buy Co. Inc. the business predictability rank of 4.5-star.

Sold Out: Foot Locker Inc. (FL)

Zeke Ashton sold out his holdings in Foot Locker Inc.. His sale prices were between $19.8 and $25.11, with an estimated average price of $22.47.

Foot Locker, Inc. is a global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. Foot Locker Inc. has a market cap of $3 billion; its shares were traded at around $19.25 with a P/E ratio of 14.4 and P/S ratio of 0.6. The dividend yield of Foot Locker Inc. stocks is 3.4%.

Sold Out: Emc Corp. (EMC)

Zeke Ashton sold out his holdings in Emc Corp.. His sale prices were between $25.64 and $28.47, with an estimated average price of $27.16.

EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing ofelectronic information. Emc Corp. has a market cap of $48.33 billion; its shares were traded at around $23 with a P/E ratio of 20.6 and P/S ratio of 2.9. Emc Corp. had an annual average earnings growth of 10.6% over the past 5 years.

Sold Out: Gamestop Corp. Cl A (GME)

Zeke Ashton sold out his holdings in Gamestop Corp. Cl A. His sale prices were between $22.57 and $28.21, with an estimated average price of $26.14.

GameStop Corp. is the world's largest video game and entertainment software retailer. Gamestop Corp. Cl A has a market cap of $2.92 billion; its shares were traded at around $21.39 with a P/E ratio of 7.5 and P/S ratio of 0.3. Gamestop Corp. Cl A had an annual average earnings growth of 17.8% over the past 10 years. GuruFocus rated Gamestop Corp. Cl A the business predictability rank of 3-star.

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