The $26 billion T Rowe Price Equity Income Fund has been managed by the firm’s Chief Investment Officer Brian Rogers since 1985. Since then the fund has gained 11% a year on average. Over the past 10 years the fund averaged 9% a year. Brian Rogers likes to invest in companies that are well-established and pay above-average dividends. As we can see from his recent purchase, he likes to buy companies that are traded at 52-week lows, too.
Brian Rogers buys Apache, Apple, Western Union, PNC Financial, Newmont Mining, Joy Global, Inc., Hospira, Inc., Kohl's Corp, CenturyLink Inc, sells Whirlpool Corporation, Ingersoll-Rand PLC, ConAgra Foods, Inc., Amgen Inc, Spectra Energy Corp, American Express Co, XL Group PLC, Avery Dennison Corp, Computer Sciences Corporation, Procter & Gamble Co, United Technologies Corp, First Solar, Inc. during the 3-months ended 03/31/2013, according to the most recent filings of his investment company, T Rowe Price Equity Income Fund. As of 03/31/2013, T Rowe Price Equity Income Fund owns 120 stocks with a total value of $25.2 billion. These are the details of the buys and sells that have the impact to portfolio of more than .1%.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Brian Rogers
New Purchase: Apple Inc (AAPL, Financial)
Brian Rogers initiated holdings in Apple Inc. His purchase prices were between $420.05 and $549.03, with an estimated average price of $467.26. The impact to his portfolio due to this purchase was 0.57%. His holdings were 325,000 shares as of 03/31/2013.
New Purchase: Western Union Company (WU, Financial)
Brian Rogers initiated holdings in Western Union Company. His purchase prices were between $13.36 and $15.04, with an estimated average price of $14.17. The impact to his portfolio due to this purchase was 0.33%. His holdings were 5,500,000 shares as of 03/31/2013.
New Purchase: Joy Global, Inc. (JOY)
Brian Rogers initiated holdings in Joy Global, Inc.. His purchase prices were between $57.81 and $69.01, with an estimated average price of $63.23. The impact to his portfolio due to this purchase was 0.18%. His holdings were 750,000 shares as of 03/31/2013.
New Purchase: Hospira, Inc. (HSP)
Brian Rogers initiated holdings in Hospira, Inc.. His purchase prices were between $28.96 and $35.99, with an estimated average price of $32.42. The impact to his portfolio due to this purchase was 0.15%. His holdings were 1,168,700 shares as of 03/31/2013.
Sold Out: ConAgra Foods, Inc. (CAG, Financial)
Brian Rogers sold out his holdings in ConAgra Foods, Inc.. His sale prices were between $29.5 and $35.81, with an estimated average price of $33.19.
Sold Out: Amgen Inc (AMGN, Financial)
Brian Rogers sold out his holdings in Amgen Inc. His sale prices were between $82.08 and $102.51, with an estimated average price of $88.78.
Sold Out: Spectra Energy Corp (SE)
Brian Rogers sold out his holdings in Spectra Energy Corp. His sale prices were between $27 and $30.75, with an estimated average price of $28.63.
Sold Out: XL Group PLC (XL)
Brian Rogers sold out his holdings in XL Group PLC. His sale prices were between $25.06 and $30.4, with an estimated average price of $28.28.
Sold Out: Avery Dennison Corp (AVY)
Brian Rogers sold out his holdings in Avery Dennison Corp. His sale prices were between $34.92 and $43.58, with an estimated average price of $39.3.
Sold Out: Procter & Gamble Co (PG)
Brian Rogers sold out his holdings in Procter & Gamble Co. His sale prices were between $67.89 and $77.58, with an estimated average price of $74.45.
Sold Out: United Technologies Corp (UTX)
Brian Rogers sold out his holdings in United Technologies Corp. His sale prices were between $82.01 and $93.59, with an estimated average price of $89.42.
Sold Out: First Solar, Inc. (FSLR)
Brian Rogers sold out his holdings in First Solar, Inc.. His sale prices were between $24.7 and $36.13, with an estimated average price of $29.88.
Added: Apache Corporation (APA, Financial)
Brian Rogers added to his holdings in Apache Corporation by 92.31%. His purchase prices were between $72.73 and $85.38, with an estimated average price of $78.9. The impact to his portfolio due to this purchase was 0.72%. His holdings were 5,000,000 shares as of 03/31/2013.
Added: Newmont Mining Corporation (NEM, Financial)
Brian Rogers added to his holdings in Newmont Mining Corporation by 81.67%. His purchase prices were between $38.6 and $46.9, with an estimated average price of $42.75. The impact to his portfolio due to this purchase was 0.2%. His holdings were 2,725,000 shares as of 03/31/2013.
Added: PNC Financial Services Group Inc (PNC)
Brian Rogers added to his holdings in PNC Financial Services Group Inc by 17.65%. His purchase prices were between $58.31 and $66.8, with an estimated average price of $63.07. The impact to his portfolio due to this purchase was 0.2%. His holdings were 5,000,000 shares as of 03/31/2013.
Added: Kohl's Corp (KSS)
Brian Rogers added to his holdings in Kohl's Corp by 15%. His purchase prices were between $41.81 and $49.32, with an estimated average price of $45.44. The impact to his portfolio due to this purchase was 0.14%. His holdings were 5,750,000 shares as of 03/31/2013.
Added: CenturyLink Inc (CTL)
Brian Rogers added to his holdings in CenturyLink Inc by 31.89%. His purchase prices were between $32.27 and $41.76, with an estimated average price of $37.5. The impact to his portfolio due to this purchase was 0.14%. His holdings were 4,136,179 shares as of 03/31/2013.
Reduced: Whirlpool Corporation (WHR)
Brian Rogers reduced to his holdings in Whirlpool Corporation by 72.6%. His sale prices were between $101.75 and $119.29, with an estimated average price of $110.77. The impact to his portfolio due to this sale was -0.52%. Brian Rogers still held 450,000 shares as of 03/31/2013.
Reduced: Ingersoll-Rand PLC (IR)
Brian Rogers reduced to his holdings in Ingersoll-Rand PLC by 83.33%. His sale prices were between $47.96 and $56.47, with an estimated average price of $52.38. The impact to his portfolio due to this sale was -0.52%. Brian Rogers still held 500,000 shares as of 03/31/2013.
Reduced: American Express Co (AXP)
Brian Rogers reduced to his holdings in American Express Co by 20.19%. His sale prices were between $57.48 and $67.46, with an estimated average price of $62.18. The impact to his portfolio due to this sale was -0.32%. Brian Rogers still held 5,138,300 shares as of 03/31/2013.
Reduced: Computer Sciences Corporation (CSC)
Brian Rogers reduced to his holdings in Computer Sciences Corporation by 25.1%. His sale prices were between $40.05 and $50.5, with an estimated average price of $45.65. The impact to his portfolio due to this sale was -0.22%. Brian Rogers still held 3,878,300 shares as of 03/31/2013.
Here is the complete portfolio of Brian Rogers. Also check out:
1. Brian Rogers's Undervalued Stocks
2. Brian Rogers's Top Growth Companies, and
3. Brian Rogers's High Yield stocks
4. Stocks that Brian Rogers keeps buying
Brian Rogers buys Apache, Apple, Western Union, PNC Financial, Newmont Mining, Joy Global, Inc., Hospira, Inc., Kohl's Corp, CenturyLink Inc, sells Whirlpool Corporation, Ingersoll-Rand PLC, ConAgra Foods, Inc., Amgen Inc, Spectra Energy Corp, American Express Co, XL Group PLC, Avery Dennison Corp, Computer Sciences Corporation, Procter & Gamble Co, United Technologies Corp, First Solar, Inc. during the 3-months ended 03/31/2013, according to the most recent filings of his investment company, T Rowe Price Equity Income Fund. As of 03/31/2013, T Rowe Price Equity Income Fund owns 120 stocks with a total value of $25.2 billion. These are the details of the buys and sells that have the impact to portfolio of more than .1%.
- New Purchases: AAPL, WU, JOY, HSP,
- Added Positions: APA, PNC, NEM, KSS, CTL,
- Reduced Positions: WHR, IR, AXP, CSC,
- Sold Out: CAG, AMGN, SE, XL, AVY, PG, UTX, FSLR,
This is the sector weightings of his portfolio:
| Financial Services | 20.6% |
| Industrials | 14.1% |
| Energy | 14% |
| Consumer Cyclical | 12.3% |
| Technology | 9.6% |
| Healthcare | 7.1% |
| Utilities | 6.1% |
| Consumer Defensive | 6% |
| Basic Materials | 5.2% |
| Communication Services | 4.9% |
These are the top 5 holdings of Brian Rogers
- General Electric Co (GE) - 31,286,500 shares, 2.9% of the total portfolio.
- JPMorgan Chase & Co (JPM) - 14,381,200 shares, 2.7% of the total portfolio.
- Chevron Corp (CVX) - 5,366,000 shares, 2.5% of the total portfolio.
- Exxon Mobil Corporation (XOM) - 6,064,200 shares, 2.2% of the total portfolio.
- Wells Fargo & Co (WFC) - 13,319,600 shares, 2.0% of the total portfolio.
New Purchase: Apple Inc (AAPL, Financial)
Brian Rogers initiated holdings in Apple Inc. His purchase prices were between $420.05 and $549.03, with an estimated average price of $467.26. The impact to his portfolio due to this purchase was 0.57%. His holdings were 325,000 shares as of 03/31/2013.
New Purchase: Western Union Company (WU, Financial)
Brian Rogers initiated holdings in Western Union Company. His purchase prices were between $13.36 and $15.04, with an estimated average price of $14.17. The impact to his portfolio due to this purchase was 0.33%. His holdings were 5,500,000 shares as of 03/31/2013.
New Purchase: Joy Global, Inc. (JOY)
Brian Rogers initiated holdings in Joy Global, Inc.. His purchase prices were between $57.81 and $69.01, with an estimated average price of $63.23. The impact to his portfolio due to this purchase was 0.18%. His holdings were 750,000 shares as of 03/31/2013.
New Purchase: Hospira, Inc. (HSP)
Brian Rogers initiated holdings in Hospira, Inc.. His purchase prices were between $28.96 and $35.99, with an estimated average price of $32.42. The impact to his portfolio due to this purchase was 0.15%. His holdings were 1,168,700 shares as of 03/31/2013.
Sold Out: ConAgra Foods, Inc. (CAG, Financial)
Brian Rogers sold out his holdings in ConAgra Foods, Inc.. His sale prices were between $29.5 and $35.81, with an estimated average price of $33.19.
Sold Out: Amgen Inc (AMGN, Financial)
Brian Rogers sold out his holdings in Amgen Inc. His sale prices were between $82.08 and $102.51, with an estimated average price of $88.78.
Sold Out: Spectra Energy Corp (SE)
Brian Rogers sold out his holdings in Spectra Energy Corp. His sale prices were between $27 and $30.75, with an estimated average price of $28.63.
Sold Out: XL Group PLC (XL)
Brian Rogers sold out his holdings in XL Group PLC. His sale prices were between $25.06 and $30.4, with an estimated average price of $28.28.
Sold Out: Avery Dennison Corp (AVY)
Brian Rogers sold out his holdings in Avery Dennison Corp. His sale prices were between $34.92 and $43.58, with an estimated average price of $39.3.
Sold Out: Procter & Gamble Co (PG)
Brian Rogers sold out his holdings in Procter & Gamble Co. His sale prices were between $67.89 and $77.58, with an estimated average price of $74.45.
Sold Out: United Technologies Corp (UTX)
Brian Rogers sold out his holdings in United Technologies Corp. His sale prices were between $82.01 and $93.59, with an estimated average price of $89.42.
Sold Out: First Solar, Inc. (FSLR)
Brian Rogers sold out his holdings in First Solar, Inc.. His sale prices were between $24.7 and $36.13, with an estimated average price of $29.88.
Added: Apache Corporation (APA, Financial)
Brian Rogers added to his holdings in Apache Corporation by 92.31%. His purchase prices were between $72.73 and $85.38, with an estimated average price of $78.9. The impact to his portfolio due to this purchase was 0.72%. His holdings were 5,000,000 shares as of 03/31/2013.
Added: Newmont Mining Corporation (NEM, Financial)
Brian Rogers added to his holdings in Newmont Mining Corporation by 81.67%. His purchase prices were between $38.6 and $46.9, with an estimated average price of $42.75. The impact to his portfolio due to this purchase was 0.2%. His holdings were 2,725,000 shares as of 03/31/2013.
Added: PNC Financial Services Group Inc (PNC)
Brian Rogers added to his holdings in PNC Financial Services Group Inc by 17.65%. His purchase prices were between $58.31 and $66.8, with an estimated average price of $63.07. The impact to his portfolio due to this purchase was 0.2%. His holdings were 5,000,000 shares as of 03/31/2013.
Added: Kohl's Corp (KSS)
Brian Rogers added to his holdings in Kohl's Corp by 15%. His purchase prices were between $41.81 and $49.32, with an estimated average price of $45.44. The impact to his portfolio due to this purchase was 0.14%. His holdings were 5,750,000 shares as of 03/31/2013.
Added: CenturyLink Inc (CTL)
Brian Rogers added to his holdings in CenturyLink Inc by 31.89%. His purchase prices were between $32.27 and $41.76, with an estimated average price of $37.5. The impact to his portfolio due to this purchase was 0.14%. His holdings were 4,136,179 shares as of 03/31/2013.
Reduced: Whirlpool Corporation (WHR)
Brian Rogers reduced to his holdings in Whirlpool Corporation by 72.6%. His sale prices were between $101.75 and $119.29, with an estimated average price of $110.77. The impact to his portfolio due to this sale was -0.52%. Brian Rogers still held 450,000 shares as of 03/31/2013.
Reduced: Ingersoll-Rand PLC (IR)
Brian Rogers reduced to his holdings in Ingersoll-Rand PLC by 83.33%. His sale prices were between $47.96 and $56.47, with an estimated average price of $52.38. The impact to his portfolio due to this sale was -0.52%. Brian Rogers still held 500,000 shares as of 03/31/2013.
Reduced: American Express Co (AXP)
Brian Rogers reduced to his holdings in American Express Co by 20.19%. His sale prices were between $57.48 and $67.46, with an estimated average price of $62.18. The impact to his portfolio due to this sale was -0.32%. Brian Rogers still held 5,138,300 shares as of 03/31/2013.
Reduced: Computer Sciences Corporation (CSC)
Brian Rogers reduced to his holdings in Computer Sciences Corporation by 25.1%. His sale prices were between $40.05 and $50.5, with an estimated average price of $45.65. The impact to his portfolio due to this sale was -0.22%. Brian Rogers still held 3,878,300 shares as of 03/31/2013.
Here is the complete portfolio of Brian Rogers. Also check out:
1. Brian Rogers's Undervalued Stocks
2. Brian Rogers's Top Growth Companies, and
3. Brian Rogers's High Yield stocks
4. Stocks that Brian Rogers keeps buying
