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Auxier Fund Q3 update: Buys PEP, UN, MDT, MHS, TEF, NWL, TAP, BMY, JNS

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gurufocus

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Auxier Asset Management is an investment management firm established in Tualatin, Ore. Founded in July 1998 by namesake founder Jeff Auxier, the firm currently manages over $400 million in assets. Auxier is a graduate of The University of Oregon, earning a degree in finance with an emphasis in accounting. His professional experience stems from what would become Salomon Smith Barney, earning numerous accolades such as the Consulting Group Bow Dwyer Award. Throughout his storied career, he has worked and consulted with legendary CEOS and investors such as Jamie Dimon of JP Morgan and Warren Buffet. The flagship fund of Auxier Management is the Auxier Focus Fund (AUXFX). This is the portfolio update of Auxier Asset Management for the quarter ended on Sept. 30, 2011.

“The best way to make money is to buy outstanding companies at a time when market pessimism is driving them to prices that represent compelling value.” Said Jeff Auxier. To learn more about him, please read: Q&A with Jeff Auxier of The Auxier Focus Fund.

Jeff Auxier buys Pepsico Inc., Unilever N.v. Ads, Newell Rubbermaid Inc., Medtronic Inc., Medco Health Solutions Inc., Telefonica S.a. Ads, Merck & Co. Inc., Molson Coors Brewing Co. Cl B, Philip Morris International, Bank Of New York Mellon, Stancorp Financial Group Inc., Bristolmyers Squibb Co., Telefonos De Mexico S.a. De C.v. Ads, Janus Capital Group Inc, Prgx Global Inc., sells Costco Wholesale Corp., Weight Watchers International Inc., Andersons Inc., Tns Inc., Discover Financial Services, Blount International Inc., Strayer Education Inc., Royal Dutch Shell Ads Cl A, Qualcomm Inc., Nordstrom Inc., Walt Disney, Fedex Corp., Bioscrip Inc. during the 3-months ended 09/30/2011, according to the most recent filings of his investment company, Auxier Focus Fund. As of 09/30/2011, Auxier Focus Fund owns 127 stocks with a total value of $218 million. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Consumer Goods 21.1%
Health Care 18.9%
Consumer Services 18%
Financials 13.3%
Industrials 7.9%
Oil & Gas 6.8%
Technology 4.6%
Telecom 4.5%
Not Assigned 2.9%
Basic Materials 2.1%


These are the top 5 holdings of Jeff Auxier

  1. Philip Morris International (PM) - 156,456 shares, 4.473% of the total portfolio. Shares added by 3.29%
  2. PepsiCo Inc. (PEP) - 99,895 shares, 2.8341% of the total portfolio. Shares added by 35.74%
  3. WalMart Stores (WMT) - 114,576 shares, 2.7251% of the total portfolio. Shares reduced by 0.09%
  4. Johnson & Johnson (JNJ) - 80,956 shares, 2.363% of the total portfolio. Shares reduced by 0.06%
  5. Medtronic Inc. (MDT) - 149,770 shares, 2.2814% of the total portfolio. Shares added by 17.31%


Added: Pepsico Inc. (PEP)

Jeff Auxier added to his holdings in Pepsico Inc. by 35.74%. His purchase prices were between $59.99 and $70.52, with an estimated average price of $64.12. The impact to his portfolio due to this purchase was 0.75%. His holdings were 99,895 shares as of 09/30/2011.

PepsiCo, Inc. consists of: Frito-Lay Company, Pepsi-Cola Company, and Tropicana Products. Pepsico Inc. has a market cap of $98.28 billion; its shares were traded at around $62.1 with a P/E ratio of 14.4 and P/S ratio of 1.7. The dividend yield of Pepsico Inc. stocks is 3.3%. Pepsico Inc. had an annual average earnings growth of 8.5% over the past 10 years. GuruFocus rated Pepsico Inc. the business predictability rank of 4.5-star.

Added: Unilever N.v. Ads (UN)

Jeff Auxier added to his holdings in Unilever N.v. Ads by 62.65%. His purchase prices were between $30.39 and $34.24, with an estimated average price of $32.32. The impact to his portfolio due to this purchase was 0.66%. His holdings were 119,034 shares as of 09/30/2011.

Unilever is one of the world's largest consumer products companies. Unilever N.v. Ads has a market cap of $101.95 billion; its shares were traded at around $34.21 with a P/E ratio of 16.3 and P/S ratio of 1.7. The dividend yield of Unilever N.v. Ads stocks is 3%.

Added: Medtronic Inc. (MDT)

Jeff Auxier added to his holdings in Medtronic Inc. by 17.31%. His purchase prices were between $30.41 and $38.2, with an estimated average price of $34.75. The impact to his portfolio due to this purchase was 0.34%. His holdings were 149,770 shares as of 09/30/2011.

Medtronic is the world's medical technology company, pioneeringdevice-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $36.64 billion; its shares were traded at around $34.7 with a P/E ratio of 10.3 and P/S ratio of 2.3. The dividend yield of Medtronic Inc. stocks is 2.8%. Medtronic Inc. had an annual average earnings growth of 10.1% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4-star.

Added: Medco Health Solutions Inc. (MHS)

Jeff Auxier added to his holdings in Medco Health Solutions Inc. by 30.89%. His purchase prices were between $47.93 and $65.96, with an estimated average price of $54.55. The impact to his portfolio due to this purchase was 0.33%. His holdings were 65,050 shares as of 09/30/2011.

Medco Health Solutions, Inc. is the nation's largest pharmacy benefit manager, or PBM. Medco Health Solutions Inc. has a market cap of $18.92 billion; its shares were traded at around $49.07 with a P/E ratio of 13.2 and P/S ratio of 0.3. Medco Health Solutions Inc. had an annual average earnings growth of 24.3% over the past 10 years.

Added: Telefonica S.a. Ads (TEF)

Jeff Auxier added to his holdings in Telefonica S.a. Ads by 67.94%. His purchase prices were between $17.8 and $24.09, with an estimated average price of $20.74. The impact to his portfolio due to this purchase was 0.3%. His holdings were 84,786 shares as of 09/30/2011.

Telefonica is the largest supplier of telecommunications services in the Spanish and Portuguese speaking world. Telefonica S.a. Ads has a market cap of $97.62 billion; its shares were traded at around $21.39 with a P/E ratio of 3.9 and P/S ratio of 1.2. The dividend yield of Telefonica S.a. Ads stocks is 7.5%. Telefonica S.a. Ads had an annual average earnings growth of 25.5% over the past 10 years. GuruFocus rated Telefonica S.a. Ads the business predictability rank of 4.5-star.

Added: Merck & Co. Inc. (MRK)

Jeff Auxier added to his holdings in Merck & Co. Inc. by 15.35%. His purchase prices were between $29.81 and $36.31, with an estimated average price of $33.23. The impact to his portfolio due to this purchase was 0.28%. His holdings were 141,274 shares as of 09/30/2011.

Merck & Co., Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Merck & Co. Inc. has a market cap of $103.3 billion; its shares were traded at around $33.53 with a P/E ratio of 9.3 and P/S ratio of 2.2. The dividend yield of Merck & Co. Inc. stocks is 4.5%.

Added: Philip Morris International (PM)

Jeff Auxier added to his holdings in Philip Morris International by 3.29%. His purchase prices were between $63.38 and $72.35, with an estimated average price of $68.19. The impact to his portfolio due to this purchase was 0.14%. His holdings were 156,456 shares as of 09/30/2011.

Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International has a market cap of $122.04 billion; its shares were traded at around $69.48 with a P/E ratio of 14.7 and P/S ratio of 1.8. The dividend yield of Philip Morris International stocks is 4.4%.

Added: Bank Of New York Mellon (BK)

Jeff Auxier added to his holdings in Bank Of New York Mellon by 8.71%. His purchase prices were between $18.52 and $26.39, with an estimated average price of $22.12. The impact to his portfolio due to this purchase was 0.13%. His holdings were 184,004 shares as of 09/30/2011.

Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of New York Mellon has a market cap of $26.21 billion; its shares were traded at around $21.26 with a P/E ratio of 9.6 and P/S ratio of 1.9. The dividend yield of Bank Of New York Mellon stocks is 2.4%.

Added: Stancorp Financial Group Inc. (SFG)

Jeff Auxier added to his holdings in Stancorp Financial Group Inc. by 88.63%. His purchase prices were between $25.8 and $43.05, with an estimated average price of $32.17. The impact to his portfolio due to this purchase was 0.1%. His holdings were 17,026 shares as of 09/30/2011.

Standard Financial Corp. is a provider of group life and disability insurance products. Stancorp Financial Group Inc. has a market cap of $1.47 billion; its shares were traded at around $32.94 with a P/E ratio of 8.5 and P/S ratio of 0.5. The dividend yield of Stancorp Financial Group Inc. stocks is 2.6%. Stancorp Financial Group Inc. had an annual average earnings growth of 9.6% over the past 10 years. GuruFocus rated Stancorp Financial Group Inc. the business predictability rank of 2.5-star.

Added: Telefonos De Mexico S.a. De C.v. Ads (TMX)

Jeff Auxier added to his holdings in Telefonos De Mexico S.a. De C.v. Ads by 20.07%. His purchase prices were between $14.9 and $17.81, with an estimated average price of $16.41. The impact to his portfolio due to this purchase was 0.08%. His holdings were 71,794 shares as of 09/30/2011.

Telmex is a world-class telecommunications company that provides total telecommunications solutions to its clients: Local and long distance wire service, wireless communications, multimedia network for video, audio and data, network engineering, digital wireless network access, and Internet. Telefonos De Mexico S.a. De C.v. Ads has a market cap of $7.64 billion; its shares were traded at around $15.65 with a P/E ratio of 12.1 and P/S ratio of 0.8. The dividend yield of Telefonos De Mexico S.a. De C.v. Ads stocks is 5.2%.

Added: Prgx Global Inc. (PRGX)

Jeff Auxier added to his holdings in Prgx Global Inc. by 20.71%. His purchase prices were between $4.61 and $7.4, with an estimated average price of $6.08. The impact to his portfolio due to this purchase was 0.05%. His holdings were 139,329 shares as of 09/30/2011.

PRGX Global, Inc., formerly PRG-Schultz International, Inc. Prgx Global Inc. has a market cap of $144.1 million; its shares were traded at around $5.89 with a P/E ratio of 21 and P/S ratio of 0.8.

New Purchase: Newell Rubbermaid Inc. (NWL)

Jeff Auxier initiated holdings in Newell Rubbermaid Inc.. His purchase prices were between $11.44 and $16.07, with an estimated average price of $13.75. The impact to his portfolio due to this purchase was 0.66%. His holdings were 120,600 shares as of 09/30/2011.

Newell Rubbermaid, Inc. is a global manufacturer and full-service marketer of name-brand consumer products serving the needs of volume purchasers,including discount stores and warehouse clubs, home centers and hardware stores, and office superstores and contract stationers. Newell Rubbermaid Inc. has a market cap of $3.95 billion; its shares were traded at around $13.54 with a P/E ratio of 8.9 and P/S ratio of 0.7. The dividend yield of Newell Rubbermaid Inc. stocks is 2.4%.

New Purchase: Molson Coors Brewing Co. Cl B (TAP)

Jeff Auxier initiated holdings in Molson Coors Brewing Co. Cl B. His purchase prices were between $39.08 and $46.54, with an estimated average price of $43.2. The impact to his portfolio due to this purchase was 0.22%. His holdings were 11,932 shares as of 09/30/2011.

Molson Coors Brewing Company is world's fifth-largest global brewer. Molson Coors Brewing Co. Cl B has a market cap of $6.9 billion; its shares were traded at around $41.8 with a P/E ratio of 11.6 and P/S ratio of 1.5. The dividend yield of Molson Coors Brewing Co. Cl B stocks is 3.1%.

New Purchase: Bristolmyers Squibb Co. (BMY)

Jeff Auxier initiated holdings in Bristolmyers Squibb Co.. His purchase prices were between $26.38 and $31.49, with an estimated average price of $29.18. The impact to his portfolio due to this purchase was 0.09%. His holdings were 6,607 shares as of 09/30/2011.

Bristol-Myers Squibb Company is a global leader in the research and development of innovative lifesaving and life-enhancing treatments for heart disease; high blood pressure; stroke; diabetes; cancer; HIV/AIDS and other infectious diseases; depression, schizophrenia and other mental disorders; pain; and other conditions. Bristolmyers Squibb Co. has a market cap of $55.49 billion; its shares were traded at around $32.53 with a P/E ratio of 14.8 and P/S ratio of 2.8. The dividend yield of Bristolmyers Squibb Co. stocks is 4.1%. Bristolmyers Squibb Co. had an annual average earnings growth of 15% over the past 5 years.

New Purchase: Janus Capital Group Inc (JNS)

Jeff Auxier initiated holdings in Janus Capital Group Inc. His purchase prices were between $5.92 and $10.12, with an estimated average price of $7.53. The impact to his portfolio due to this purchase was 0.06%. His holdings were 20,100 shares as of 09/30/2011.

Janus Capital Group Inc. is a asset manager offering individual investors and institutional clients complementary asset management disciplines through the firm's global distribution network. Janus Capital Group Inc has a market cap of $1.28 billion; its shares were traded at around $6.88 with a P/E ratio of 8 and P/S ratio of 1.3. The dividend yield of Janus Capital Group Inc stocks is 2.9%.

Reduced: Costco Wholesale Corp. (COST)

Jeff Auxier reduced to his holdings in Costco Wholesale Corp. by 51.1%. His sale prices were between $70.39 and $85.07, with an estimated average price of $79.47. The impact to his portfolio due to this sale was -0.44%. Jeff Auxier still held 13,014 shares as of 09/30/2011.

Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. Costco Wholesale Corp. has a market cap of $36.99 billion; its shares were traded at around $84.48 with a P/E ratio of 25 and P/S ratio of 0.4. The dividend yield of Costco Wholesale Corp. stocks is 1.1%. Costco Wholesale Corp. had an annual average earnings growth of 8.7% over the past 10 years. GuruFocus rated Costco Wholesale Corp. the business predictability rank of 5-star.

Reduced: Weight Watchers International Inc. (WTW)

Jeff Auxier reduced to his holdings in Weight Watchers International Inc. by 22.59%. His sale prices were between $54.2 and $79.82, with an estimated average price of $66.21. The impact to his portfolio due to this sale was -0.33%. Jeff Auxier still held 37,352 shares as of 09/30/2011.

Weight Watchers International, Inc. is the largest provider of weight control programs in the world. Weight Watchers International Inc. has a market cap of $5.27 billion; its shares were traded at around $71.63 with a P/E ratio of 20.8 and P/S ratio of 3.6. The dividend yield of Weight Watchers International Inc. stocks is 1%. Weight Watchers International Inc. had an annual average earnings growth of 11.6% over the past 10 years. GuruFocus rated Weight Watchers International Inc. the business predictability rank of 5-star.

Reduced: Andersons Inc. (ANDE)

Jeff Auxier reduced to his holdings in Andersons Inc. by 45.15%. His sale prices were between $33.91 and $43.75, with an estimated average price of $39.38. The impact to his portfolio due to this sale was -0.3%. Jeff Auxier still held 21,927 shares as of 09/30/2011.

The Andersons, Inc. is a diversified company operating in three segments. Andersons Inc. has a market cap of $635.9 million; its shares were traded at around $34.19 with a P/E ratio of 7.1 and P/S ratio of 0.2. The dividend yield of Andersons Inc. stocks is 1.3%. Andersons Inc. had an annual average earnings growth of 9.9% over the past 10 years.

Reduced: Tns Inc. (TNS)

Jeff Auxier reduced to his holdings in Tns Inc. by 47.45%. His sale prices were between $14.08 and $19.29, with an estimated average price of $17.05. The impact to his portfolio due to this sale was -0.24%. Jeff Auxier still held 39,609 shares as of 09/30/2011.

TNS Inc provides data communications services to processors of credit card and other card-based transactions. Tns Inc. has a market cap of $496.1 million; its shares were traded at around $19.43 with a P/E ratio of 11.5 and P/S ratio of 0.9. Tns Inc. had an annual average earnings growth of 17.3% over the past 5 years.

Reduced: Bioscrip Inc. (BIOS)

Jeff Auxier reduced to his holdings in Bioscrip Inc. by 21.42%. His sale prices were between $5.4 and $7.46, with an estimated average price of $6.3. The impact to his portfolio due to this sale was -0.07%. Jeff Auxier still held 99,035 shares as of 09/30/2011.

BioScrip provides comprehensive pharmaceutical care solutions. Bioscrip Inc. has a market cap of $352.9 million; its shares were traded at around $6.45 with a P/E ratio of 19.5 and P/S ratio of 0.2.

Sold Out: Discover Financial Services (DFS)

Jeff Auxier sold out his holdings in Discover Financial Services. His sale prices were between $20.73 and $27.52, with an estimated average price of $25.08.

Discover Financial Services operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services has a market cap of $13.34 billion; its shares were traded at around $24.45 with a P/E ratio of 6.5 and P/S ratio of 1.6. The dividend yield of Discover Financial Services stocks is 1%.

Sold Out: Blount International Inc. (BLT)

Jeff Auxier sold out his holdings in Blount International Inc.. His sale prices were between $12.98 and $18.37, with an estimated average price of $15.83.

Blount International, Inc. is an international manufacturing company with operations in three business segments: Outdoor Products, Industrial and Power Equipment and Sporting Equipment. Blount International Inc. has a market cap of $752.4 million; its shares were traded at around $15.43 with a P/E ratio of 14.6 and P/S ratio of 1.2.

Sold Out: Strayer Education Inc. (STRA)

Jeff Auxier sold out his holdings in Strayer Education Inc.. His sale prices were between $76.18 and $145.3, with an estimated average price of $107.31.

STRAYER EDUCATION, INC. The College is a regional proprietary institution of higher education offering undergraduate and graduate degree programs to more than 7,000 students at eight campuses in Washington, D. Strayer Education Inc. has a market cap of $1.1 billion; its shares were traded at around $91.45 with a P/E ratio of 9.4 and P/S ratio of 1.7. The dividend yield of Strayer Education Inc. stocks is 4.4%. Strayer Education Inc. had an annual average earnings growth of 14.7% over the past 10 years. GuruFocus rated Strayer Education Inc. the business predictability rank of 4.5-star.

Sold Out: Qualcomm Inc. (QCOM)

Jeff Auxier sold out his holdings in Qualcomm Inc.. His sale prices were between $46.52 and $59.36, with an estimated average price of $52.75.

QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. Qualcomm Inc. has a market cap of $89.9 billion; its shares were traded at around $53.61 with a P/E ratio of 20.5 and P/S ratio of 8.2. The dividend yield of Qualcomm Inc. stocks is 1.6%. Qualcomm Inc. had an annual average earnings growth of 14.6% over the past 10 years. GuruFocus rated Qualcomm Inc. the business predictability rank of 3-star.

Sold Out: Nordstrom Inc. (JWN)

Jeff Auxier sold out his holdings in Nordstrom Inc.. His sale prices were between $37.45 and $51.79, with an estimated average price of $46.4.

Nordstrom, Inc. is one of the nation's fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom Inc. has a market cap of $11.12 billion; its shares were traded at around $52.77 with a P/E ratio of 17.2 and P/S ratio of 1.2. The dividend yield of Nordstrom Inc. stocks is 1.7%. Nordstrom Inc. had an annual average earnings growth of 27.3% over the past 10 years. GuruFocus rated Nordstrom Inc. the business predictability rank of 3.5-star.

Sold Out: Fedex Corp. (FDX)

Jeff Auxier sold out his holdings in Fedex Corp.. His sale prices were between $66.58 and $98.5, with an estimated average price of $81.6.

FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Fedex Corp. has a market cap of $25.86 billion; its shares were traded at around $81.52 with a P/E ratio of 15.7 and P/S ratio of 0.7. The dividend yield of Fedex Corp. stocks is 0.6%.

Sold Out: Royal Dutch Shell Ads Cl A (RDS.A)

Jeff Auxier sold out his holdings in Royal Dutch Shell Ads Cl A. His sale prices were between $60.01 and $75.14, with an estimated average price of $67.38.

Royal Dutch Petroleum Company owns 60% of the Royal Dutch/Shell Group of companies. Royal Dutch Shell Ads Cl A has a market cap of $223.66 billion; its shares were traded at around $71.46 with a P/E ratio of 8.7 and P/S ratio of 0.6. The dividend yield of Royal Dutch Shell Ads Cl A stocks is 4%. Royal Dutch Shell Ads Cl A had an annual average earnings growth of 6.3% over the past 10 years. GuruFocus rated Royal Dutch Shell Ads Cl A the business predictability rank of 2.5-star.

Sold Out: Walt Disney (DIS)

Jeff Auxier sold out his holdings in Walt Disney. His sale prices were between $29.55 and $40.74, with an estimated average price of $34.96.

Walt Disney Company owns 100% of Disney Enterprises, Inc. Walt Disney has a market cap of $65.65 billion; its shares were traded at around $35.37 with a P/E ratio of 14.7 and P/S ratio of 1.7. The dividend yield of Walt Disney stocks is 1.1%. Walt Disney had an annual average earnings growth of 12.5% over the past 10 years. GuruFocus rated Walt Disney the business predictability rank of 3.5-star.

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