Marty Whitman’s Third Avenue Value Fund is now co-managed by himself and Ian Lapey. He bought more Tellabs Inc., reduced Nabors Industries Ltd. during the 3-months ended 07/31/2011, according to the most recent filings. As of 07/31/2011, Third Avenue Value Fund owns 42 stocks with a total value of $4 billion. These are the details of the buys and sells.
sector weightings of his portfolio:
|Oil & Gas||5.2%|
These are the top 5 holdings of Martin Whitman
- CHEUY.PK - 42,692,000 shares, 16.2% of the total portfolio.
- HNLGY.PK - 97,788,054 shares, 15.4% of the total portfolio.
- POSCO ADS (PKX) - 3,500,000 shares, 9.5% of the total portfolio.
- WHLKF.PK - 57,254,500 shares, 6.1% of the total portfolio. Shares reduced by 2.78%
- IVSBF.PK - 10,030,709 shares, 5.3% of the total portfolio. Shares reduced by 0.48%
Martin Whitman added to his holdings in Tellabs Inc. by 30.92%. His purchase prices were between $4 and $4.78, with an estimated average price of $4.4. The impact to his portfolio due to this purchase was 0.16%. His holdings were 6,557,299 shares as of 07/31/2011.
Tellabs helps the world's communications service providers build tomorrow's converged networks of voice, data and video. Tellabs Inc. has a market cap of $1.56 billion; its shares were traded at around $4.28 with a P/E ratio of 42.8 and P/S ratio of 1. The dividend yield of Tellabs Inc. stocks is 1.8%.
Reduced: Nabors Industries Ltd. (NBR)
Martin Whitman reduced to his holdings in Nabors Industries Ltd. by 77.31%. The impact to his portfolio due to this sale was -5.01%. Martin Whitman still held 2,190,000 shares as of 07/31/2011.
Nabors Industries, Inc. is one of the largest land drilling contractors. Nabors Industries Ltd. has a market cap of $4.13 billion; its shares were traded at around $14.35 with a P/E ratio of 11.5 and P/S ratio of 0.9. Nabors Industries Ltd. had an annual average earnings growth of 7% over the past 10 years.
Reduced: Brookfield Asset Management (BAM)
Martin Whitman reduced to his holdings in Brookfield Asset Management by 8%. The impact to his portfolio due to this sale was -0.43%. Martin Whitman still held 6,649,109 shares as of 07/31/2011.
Brookfield Asset Management Inc. is an asset manager. Brookfield Asset Management has a market cap of $16.25 billion; its shares were traded at around $26.15 with a P/E ratio of 12.5 and P/S ratio of 1.2. The dividend yield of Brookfield Asset Management stocks is 2.1%. Brookfield Asset Management had an annual average earnings growth of 27% over the past 10 years.
For the details of Martin Whitman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Martin+Whitman