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Solid Six from Self-Made Billionaire, King of Restructures Wilbur Ross, Net Worth $2.6B

Sally Jones

Sally Jones

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At Invesco Private Capital, WL Ross & Co. LLC is a world-class turnaround group, founded by Wilbur Ross. A graduate of both Yale and Harvard, Wilbur L. Ross Jr. bears the proud title of self-made billionaire. Ross is best known for a career of investing in and restructuring distressed companies.

Guru Ross specializes in leveraged buyouts across a wide spectrum of companies in steel, coal, telecommunications, foreign investment and textiles. Forbes magazine listed Ross as one of the world's billionaires for the first time in 2005. With an estimated net worth of $2.6 billion, he is on a number of lists ranking the richest people in America and the world.

Here’s an update on the top holdings of Wilbur Ross, Invesco Private Capital, currently listing 14 stocks, two of them new, and a total value of $1.04 billion with a quarter-over-quarter turnover of 1%. Invesco’s portfolio is heavily weighted in the financial services sector with 73.7%, followed by energy holdings at 21.6%. Invesco Private Capital now has over $7 billion in assets under management with investments across North America, South America, Europe, and Asia.

No. 1: Assured Guaranty Ltd. (AGO) – Up 87% over 12 Months

Weighting: 39.2%

Shares Owned: 19,835,370 (Reduced to 14,835,370 as of May 31, 2013)

Share Price: $22.80

Owning 10.21% of shares outstanding, director and 10% owner Wilbur Ross is the top Guru stakeholder at Assured Guaranty Ltd. (AGO). In a trading history of 12 quarters, Ross has made steady gains and no losses. His highest gain of 75.4% was in the third quarter of 2011.

Incorporated in 2003, Assured Guaranty Ltd. has a market cap of $4.25 billion; its shares were traded at around $22.80 with a P/E ratio of 9.70 and P/S ratio of 3.80. The dividend yield of Assured Guaranty Ltd. stocks is 1.70%. Assured Guaranty has had an annual average earnings growth of 5% over the past five years.

Historical pricing:

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No. 2: EXCO Resources Inc. (XCO) – Up 13% over 12 Months

Weighting: 21.6%

Shares Owned: 31,504,077

Share Price: $8.68

With 14.48% of shares outstanding, Wilbur Ross is director and 10 percent owner of EXCO Resources Inc. (XCO), second only to top Guru shareholder, Howard Marks with 16.9% of the company. The trading history shows that in eight quarters, only his last three have seen gains, the highest gain being 27.8% in the first quarter of 2013. Overall, Ross has averaged a loss of 45% on around 31.5 million shares bought at an average price of $15.85.

A Texas oil and gas company incorporated in 1955, EXCO Resources has a market cap of $1.8 billion; its shares were traded at around $8.68 with a P/S ratio of 3.47. The dividend yield of EXCO Resources Inc. stocks is 2.10%.

Historical pricing:

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No. 3: BankUnited Inc. (BKU) – Up 18% over 12 Months

Weighting: 20.1%

Shares Owned: 8,189,631

Share Price: $28.21

With 8.62% of shares outstanding, Wilbur Ross is also director and 10 percent owner of BankUnited Inc. (BKU), a savings and loan holding company with a market cap of $2.81 billion. BKU shares were traded at around $28.21 with a P/E ratio of 13.70 and P/S ratio of 3.90. The dividend yield of BankUnited Inc. stocks is 2.80%.

His trading history:



Historical pricing:

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No. 4: Cascade Bancorp (CACB) – Up 18% over 12 Months

Weightings: 7.4%

Shares Owned: 11,468,750

Share Price: $6.51

With 24.23% of shares outstanding, Wilbur Ross is the only Guru shareholder of Cascade Bancorp (CACB). His trading history shows a loss of 26% on around 11.46 million shares bought an average price of $8.84 per share.

Formed in 1990, Cascade Bancorp is a publicly traded bank holding company with a market cap of $307.5 million. CACB shares were traded at around $6.51 with a P/E ratio of 44.00 and P/S ratio of 2.30.

Historical pricing:

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No. 5: Sun Bancorp Inc. (SNBC) – Up 26% over 12 months

Weighting: 7%

Shares Owned: 21,279,241

Share Price: $3.50

With 24.67% of shares outstanding, Wilbur Ross is the top Guru shareholder of Sun Bancorp Inc. (SNBC), a New Jersey holding company for Sun National Bank. Sun Bancorp has a market cap of $299.4 million; its shares were traded at around $3.50 with and P/S ratio of 2.30. Ross’s trading history shows one quarter of gains, 15.5%, in the third quarter of 2011.

Historical pricing:

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No. 6: E2open Inc. (EOPN) – Up 42% over 12 Months

Weighting: 2.6%

Shares Owned: 1,351,450

Share Price: $19.31

With 5.39% of shares outstanding, Wilbur Ross is the top Guru shareholder of E2open Inc. His holding history shows a 44% gain on around 1.3 million shares bought an average price of $13.39 per share. Guru George Soros also holds 103,906 EOPN shares.

Incorporated in 2003, E2open Inc. (EOPN) has a market cap of $497 million. EOPN shares were traded at around $19.31 with a P/E ratio of 87.70 and P/S ratio of 5.80.

Historical pricing:

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Here is the complete portfolio of Wilbur Ross.





Starting in 1976, Wilbur Ross led the worldwide bankruptcy advisory practice at Rothschild Inc., restructuring more than $200 billion in liabilities across the globe. In 2000, Ross established his own company with $440 million in investor commitments.

1. Wilbur Ross's Undervalued Stocks

2. Wilbur Ross's Top Growth Companies

3. Wilbur Ross's High Yield stocks

4. Stocks that Wilbur Ross keeps buying

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.1/5 (17 votes)

Comments

vgm
Vgm - 9 months ago
Wilbur sold part of his AGO holding recently. He now holds 15M shares.

http://finance.yahoo.com/news/assured-guaranty-ltd-repurchases-shares-232700575.html
Sally Jones
Sally Jones - 9 months ago
thank you

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