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Wilbur Ross Buys Air Lease, Exco Resources, Assured Guaranty Ltd., Sells Greenbrier Cos., Hanesbrands, Plains Exploration & Production Co.

gurufocus

gurufocus

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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.

Wilbur Ross buys Air Lease, Exco Resources, Assured Guaranty Ltd., Sun Bancorp Inc., United Continental Holdings, sells Greenbrier Cos., Hanesbrands, Plains Exploration & Production Co., United States Oil Fund Lp, Key Energy Svcs, Buffalo Wild Wings Inc., Delta Air Lines during the 3-months ended 09/30/2011, according to the most recent filings of his investment company, Invesco Private Capital. As of 09/30/2011, Invesco Private Capital owns 22 stocks with a total value of $1 billion. These are the details of the buys and sells.

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 59%
Oil & Gas 30.4%
Industrials 8.1%
Technology 0.9%
Consumer Goods 0.7%
Consumer Services 0.4%
Health Care 0.4%
Telecom 0.1%


These are the top 5 holdings of Wilbur Ross

  1. EXCO Resources (XCO) - 27,631,177 shares, 29.2% of the total portfolio. Shares added by 31.58%
  2. BankUnited (BKU) - 13,721,131 shares, 28.1% of the total portfolio.
  3. Assured Guaranty Ltd. (AGO) - 17,371,186 shares, 18.8% of the total portfolio. Shares added by 8.46%
  4. Air Lease (AL) - 4,250,000 shares, 8.0% of the total portfolio. New Position
  5. Cascade Bancorp (CACB) - 11,468,750 shares, 6.6% of the total portfolio.


New Purchase: Air Lease (AL)

Wilbur Ross initiated holdings in Air Lease. His purchase prices were between $19.65 and $25.06, with an estimated average price of $22.53. The impact to his portfolio due to this purchase was 8.04%. His holdings were 4,250,000 shares as of 09/30/2011. Air Lease Corporation is an aircraft leasing company principally engaged in purchasing commercial aircraft and leasing to airlines around the world. Air Lease has a market cap of $2.19 billion; its shares were traded at around $22.19.

Sold Out: Plains Exploration & Production Co. (PXP)

Wilbur Ross sold out his holdings in Plains Exploration & Production Co.. His sale prices were between $23 and $41.41, with an estimated average price of $32.44. PLAINS EXPLORATION & PRODUCTION COMPANY is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas properties primarily in the United States. Plains Exploration & Production Co. has a market cap of $4.94 billion; its shares were traded at around $35.04 with a P/E ratio of 22.5 and P/S ratio of 3.2.

Sold Out: United States Oil Fund Lp (USO)

Wilbur Ross sold out his holdings in United States Oil Fund Lp. His sale prices were between $31.09 and $38.93, with an estimated average price of $35.02. United States Oil Fund Lp has a market cap of $1.51 billion; its shares were traded at around $39.34.

Added: Exco Resources (XCO)

Wilbur Ross added to his holdings in Exco Resources by 31.58%. His purchase prices were between $11.07 and $17.55, with an estimated average price of $14.06. The impact to his portfolio due to this purchase was 7%. His holdings were 27,631,177 shares as of 09/30/2011. EXCO Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties. Exco Resources has a market cap of $2.59 billion; its shares were traded at around $12.09 with a P/E ratio of 20.8 and P/S ratio of 5. The dividend yield of Exco Resources stocks is 1.3%.

Added: Assured Guaranty Ltd. (AGO)

Wilbur Ross added to his holdings in Assured Guaranty Ltd. by 8.46%. His purchase prices were between $9.93 and $16.86, with an estimated average price of $13.07. The impact to his portfolio due to this purchase was 1.47%. His holdings were 17,371,186 shares as of 09/30/2011. Assured Guaranty is a Bermuda-based holding company providing credit enhancement products to the municipal finance, structured finance and mortgage markets. Assured Guaranty Ltd. has a market cap of $1.93 billion; its shares were traded at around $10.5 with a P/E ratio of 2.6 and P/S ratio of 1.4. The dividend yield of Assured Guaranty Ltd. stocks is 1.7%.

Added: Sun Bancorp Inc. (SNBC)

Wilbur Ross added to his holdings in Sun Bancorp Inc. by 3.01%. His purchase prices were between $2.33 and $3.8, with an estimated average price of $3.03. The impact to his portfolio due to this purchase was 0.16%. His holdings were 21,279,241 shares as of 09/30/2011. 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 $211.9 million; its shares were traded at around $2.55 with and P/S ratio of 1.3.

Added: United Continental Holdings (UAL)

Wilbur Ross added to his holdings in United Continental Holdings by 20.07%. His purchase prices were between $16.61 and $22.86, with an estimated average price of $19.33. The impact to his portfolio due to this purchase was 0.14%. His holdings were 452,300 shares as of 09/30/2011. United Continental Holdings, Inc. is in Airlines industry. United Continental Holdings has a market cap of $5.59 billion; its shares were traded at around $16.9 with a P/E ratio of 4.8 and P/S ratio of 0.2.

Reduced: Hanesbrands (HBI)

Wilbur Ross reduced to his holdings in Hanesbrands by 50.66%. His sale prices were between $23.73 and $33.26, with an estimated average price of $28.3. The impact to his portfolio due to this sale was -0.41%. Wilbur Ross still held 174,252 shares as of 09/30/2011. Hanesbrands Inc. is a marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. Hanesbrands has a market cap of $2.33 billion; its shares were traded at around $23.99 with a P/E ratio of 8.9 and P/S ratio of 0.6.

Reduced: Key Energy Svcs (KEG)

Wilbur Ross reduced to his holdings in Key Energy Svcs by 27.28%. His sale prices were between $9.09 and $20.48, with an estimated average price of $15.37. The impact to his portfolio due to this sale was -0.2%. Wilbur Ross still held 368,400 shares as of 09/30/2011. Key Energy Services, Inc. is one of the largest providers of onshore oil and gas well services in the United States and Argentina. Key Energy Svcs has a market cap of $2.15 billion; its shares were traded at around $15.03 with a P/E ratio of 22.4 and P/S ratio of 1.9.

Reduced: Delta Air Lines (DAL)

Wilbur Ross reduced to his holdings in Delta Air Lines by 27.41%. His sale prices were between $6.62 and $9.41, with an estimated average price of $7.85. The impact to his portfolio due to this sale was -0.12%. Wilbur Ross still held 423,800 shares as of 09/30/2011. Delta is America's fastest growing international carrier. Delta Air Lines has a market cap of $6.41 billion; its shares were traded at around $7.58 with a P/E ratio of 6.6 and P/S ratio of 0.2.

Reduced: Buffalo Wild Wings Inc. (BWLD)

Wilbur Ross reduced to his holdings in Buffalo Wild Wings Inc. by 56.65%. His sale prices were between $52.44 and $69.31, with an estimated average price of $62.82. The impact to his portfolio due to this sale was -0.12%. Wilbur Ross still held 17,600 shares as of 09/30/2011. 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 $1.15 billion; its shares were traded at around $62.5 with a P/E ratio of 24.6 and P/S ratio of 1.9. Buffalo Wild Wings Inc. had an annual average earnings growth of 26.7% over the past 10 years.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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