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David Swensen Buys American International Group Inc., Franklin Resources Inc., RightNow Technologies Inc., Sells White Mountains Insurance Group Ltd., Nuance Communications Inc., eHealth Inc.

David F. Swensen, is the Adjunct Professor of Finance and Chief Investment Officer at Yale University, overseeing more than $22.5 billion in the Yale Endowment Fund and other investments. When he joined Yale, the Endowment Fund stood at $1.3 billion in 1986. Today it has crossed $22.5 billion. David Swensen has helped grow the fund by 17.2% in the last 10 years. These are some of his stock buys and sells during the fourth quarter.

David Swensen buys American International Group Inc., Franklin Resources Inc., RightNow Technologies Inc., sells White Mountains Insurance Group Ltd., Nuance Communications Inc., eHealth Inc., Shutterfly Inc., Callidus Software Inc., Achillion Pharmaceuticals Inc., Thermage Inc., iMCSI Emerging Markets Index Fund during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, Yale University. David Swensen owns 15 stocks with a total value of $454 million. These are the details of the buys and sells.

 

Added: Acadia Realty Trust (AKR)

David Swensen added to his holdings in Acadia Realty Trust by 12.32%. His purchase prices were between $24.59 and $27.3, with an estimated average price of $25.9. The impact to his portfolio due to this purchase was 1.24%. His holdings were 2,006,047 shares as of 12/31/2007.

Acadia Realty Trust, a real estate investment trust (REIT), engages primarily in the ownership, acquisition, redevelopment, and management of retail properties, including neighborhood and community shopping centers, and mixed-use properties. Acadia Realty Trust has a market cap of $783.76 million; its shares were traded at around $23.91 with a P/E ratio of 12.02 and P/S ratio of 6.98. The dividend yield of Acadia Realty Trust stocks is 3.5%.

New Purchase: American International Group Inc. (AIG)

David Swensen initiated holdings in American International Group Inc.. His purchase prices were between $52.84 and $67.85, with an estimated average price of $59.1. The impact to his portfolio due to this purchase was 1.22%. His holdings were 94,800 shares as of 12/31/2007.

American International Group, Inc., through its subsidiaries, provides insurance and financial services in the United States and internationally. It operates in four segments: General Insurance, Life Insurance and Retirement Services, etc. American International Group Inc. has a market cap of $115.45 billion; its shares were traded at around $46.14 with a P/E ratio of 7.94 and P/S ratio of 0.96. The dividend yield of American International Group Inc. stocks is 1.5%.

New Purchase: Franklin Resources Inc. (BEN)

David Swensen initiated holdings in Franklin Resources Inc.. His purchase prices were between $110.85 and $140.08, with an estimated average price of $122.2. The impact to his portfolio due to this purchase was 0.63%. His holdings were 25,000 shares as of 12/31/2007.

Franklin Resources, Inc., doing business as Franklin Templeton Investments, operates as an asset management company. It operates in two segments, Investment Management and Related Services, and Banking/Finance. Franklin Resources Inc. has a market cap of $23.56 billion; its shares were traded at around $97.18 with a P/E ratio of 13.14 and P/S ratio of 3.60. The dividend yield of Franklin Resources Inc. stocks is 0.8%.

New Purchase: RightNow Technologies Inc. (RNOW)

David Swensen initiated holdings in RightNow Technologies Inc.. His purchase prices were between $15.56 and $19.84, with an estimated average price of $17.7. The impact to his portfolio due to this purchase was 0.46%. His holdings were 131,746 shares as of 12/31/2007.

RightNow Technologies, Inc. provides customer relationship management (CRM) software in the United States, Asia Pacific, and Europe. Its CRM software suite includes RightNow Marketing, RightNow Sales, RightNow Service, RightNow Feedback, etc. RightNow Technologies Inc. has a market cap of $388.43 million; its shares were traded at around $11.26 with P/S ratio of 3.35.

Sold Out: Callidus Software Inc. (CALD)

David Swensen sold out his holdings in Callidus Software Inc.. His sale prices were between $5 and $9.29, with an estimated average price of $6.7. The impact to his portfolio due to this sale was less than 0.01%.

Callidus Software, Inc. provides sales performance management (SPM) and enterprise incentive management (EIM) software systems worldwide. Its SPM/EIM systems are used to model, administer, analyze, and report on sales performance etc. Callidus Software Inc. has a market cap of $162.35 million; its shares were traded at around $5.34 with P/S ratio of 1.55.

Sold Out: Achillion Pharmaceuticals Inc. (ACHN)

David Swensen sold out his holdings in Achillion Pharmaceuticals Inc.. His sale prices were between $4.29 and $5.46, with an estimated average price of $4.9. The impact to his portfolio due to this sale was less than 0.01%.

Achillion Pharmaceuticals, Inc., a biopharmaceutical company, engages in the discovery, development, and commercialization of treatments for infectious diseases. Achillion Pharmaceuticals Inc. has a market cap of $79.36 million; its shares were traded at around $4.9 with P/S ratio of 53.79.

Sold Out: White Mountains Insurance Group Ltd. (WTM)

David Swensen sold out his holdings in White Mountains Insurance Group Ltd.. His sale prices were between $504.81 and $555.11, with an estimated average price of $517.3. The impact to his portfolio due to this sale was less than 0.01%.

White Mountains Insurance Group, Ltd., through its subsidiaries, operates property and casualty insurance, and reinsurance businesses primarily in the United States and Europe. White Mountains Insurance Group Ltd. has a market cap of $5.07 billion; its shares were traded at around $482.4 with a P/E ratio of 12.68 and P/S ratio of 1.08. The dividend yield of White Mountains Insurance Group Ltd. stocks is 1.7%.

Sold Out: Thermage Inc. (THRM)

David Swensen sold out his holdings in Thermage Inc.. His sale prices were between $5.92 and $7.89, with an estimated average price of $6.6. The impact to his portfolio due to this sale was less than 0.01%.

Thermage, Inc. engages in the design, development, manufacture, and marketing of radiofrequency-based equipment and disposable products for non-invasive treatment of wrinkles in the United States and internationally. Thermage Inc. has a market cap of $110.67 million; its shares were traded at around $4.73 with a P/E ratio of 32.78 and P/S ratio of 1.81.

Sold Out: Shutterfly Inc. (SFLY)

David Swensen sold out his holdings in Shutterfly Inc.. His sale prices were between $25.59 and $33.65, with an estimated average price of $29.2. The impact to his portfolio due to this sale was less than 0.01%.

Shutterfly, Inc. provides an Internet-based social expression and personal publishing service that enables consumers to share, print, and preserve their memories through the medium of photos. Shutterfly Inc. has a market cap of $413.25 million; its shares were traded at around $15.1 with a P/E ratio of 43.39 and P/S ratio of 2.01.

Sold Out: Nuance Communications Inc. (NUAN)

David Swensen sold out his holdings in Nuance Communications Inc.. His sale prices were between $18.53 and $21.5, with an estimated average price of $20. The impact to his portfolio due to this sale was less than 0.01%.

Nuance Communications, Inc. offers speech-based solutions for businesses and consumers worldwide. It primarily delivers a portfolio of speech-enabled customer care solutions that enhance customer communications and automate customer services etc. Nuance Communications Inc. has a market cap of $3.63 billion; its shares were traded at around $18.19 with P/S ratio of 5.85.

Sold Out: eHealth Inc. (EHTH)

David Swensen sold out his holdings in eHealth Inc.. His sale prices were between $26.43 and $35.99, with an estimated average price of $31. The impact to his portfolio due to this sale was less than 0.01%.

eHealth, Inc. and its subsidiaries provide an Internet-based insurance agency services for individuals, families, and small businesses primarily in the United States. eHealth Inc. has a market cap of $543.72 million; its shares were traded at around $24 with a P/E ratio of 28.24 and P/S ratio of 7.18.


Rating: 3.0/5 (24 votes)

Comments

mrubsam
Mrubsam - 6 years ago
This SFLY that was sold is my example of the type of dog to short versus trying to short McDonald's.

SFLY should trade at about tangible book, at the most.

Garbage company IMHO.
retirement investment advisor
Retirement investment advisor - 5 years ago
David Swensen is not a stock picker, he is an asset allocator. See the article ...

All-weather portfolio: how Yale and Harvard invest for bad times.

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