Legendary value investor Martin Whitman’s Third Avenue Value Fund reported their portfolio of Oct. 31, 2011. The fund has been buying tech stocks, too, like many other value investors. The fund buys Tellabs Inc., Applied Materials Inc., Carver Bancorp Inc., sells Brookfield Asset Management during the 3-months ended 10/31/2011, according to the most recent filings. As of 10/31/2011, Third Avenue Value Fund owns 45 stocks with a total value of $3.3 billion. These are the details of the buys and sells.
These are the top 5 holdings of Martin Whitman
- Hang Lung Group Ltd. (HNLGY.PK) - 97,689,054 shares, 16.4% of the total portfolio. Shares reduced by 0.1%
- Cheung Kong Holdings Ltd. (CHEUY.PK) - 30,164,000 shares, 11.5% of the total portfolio. Shares reduced by 29.35%
- POSCO ADS (PKX) - 3,500,000 shares, 9.2% of the total portfolio.
- Wheelock And Company Ltd. (WHLKF.PK) - 57,217,500 shares, 5.2% of the total portfolio. Shares reduced by 0.06%
- Brookfield Asset Management (BAM) - 5,679,897 shares, 5.1% of the total portfolio. Shares reduced by 14.58%
Added: Tellabs Inc. (TLAB)
Martin Whitman added to his holdings in Tellabs Inc. by 52.63%. His purchase prices were between $3.69 and $4.69, with an estimated average price of $4.15. The impact to his portfolio due to this purchase was 0.46%. His holdings were 10,008,450 shares as of 10/31/2011. 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 $1.47 billion; its shares were traded at around $4.04 with and P/S ratio of 0.9. The dividend yield of Tellabs Inc. stocks is 1.98%.
Added: Applied Materials Inc. (NASDAQ:AMAT)
Martin Whitman added to his holdings in Applied Materials Inc. by 100%. His purchase prices were between $9.85 and $12.62, with an estimated average price of $11.21. The impact to his portfolio due to this purchase was 0.38%. His holdings were 2,000,000 shares as of 10/31/2011. Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials Inc. has a market cap of $14.11 billion; its shares were traded at around $10.71 with a P/E ratio of 8.24 and P/S ratio of 1.34. The dividend yield of Applied Materials Inc. stocks is 2.99%.
Reduced: Brookfield Asset Management (NYSE:BAM)
Martin Whitman reduced to his holdings in Brookfield Asset Management by 14.58%. His sale prices were between $25.96 and $30.31, with an estimated average price of $28.14. The impact to his portfolio due to this sale was -0.76%. Martin Whitman still held 5,679,897 shares as of 10/31/2011. Brookfield Asset Management Inc. is an asset manager. Brookfield Asset Management has a market cap of $17.09 billion; its shares were traded at around $27.48 with a P/E ratio of 13.67 and P/S ratio of 1.25. The dividend yield of Brookfield Asset Management stocks is 1.89%. Brookfield Asset Management had an annual average earnings growth of 27% over the past 10 years.