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Richard Perry – Eight Sells in Second Quarter – MGIC Up 505%

Sally Jones

Sally Jones

49 followers
Guru Richard Perry of Perry Capital has an updated portfolio of 26 stocks, seven of them new, a total value of $3.9 billion and a quarter-over-quarter turnover of 28%. Top industry sectors in the portfolio are consumer cyclical at 15.7%, financial services at 14% and energy at 11.2%. According to the GuruFocus Score Board of Gurus, Richard Perry has an average return of 14.92% over 12 months.

Here are all eight of Perry’s reductions or sell-outs made in the second quarter of 2013.

Hillshire Brands Co. (HSH): Reduced

Impact to Portfolio: -5.17%

Up 26% over 12 months, Hillshire Brands Co. has a market cap of $4.05 billion; its shares were traded at around $32.90. The P/E ratio is 4.90.

Historical share pricing:

1377293724998.png

Guru Action: As of June 30, 2013 Richard Perry reduced his position by 79.58%, selling 4,615,900 shares at an average price of $34.60, for a loss of 4.9%. Current shares remaining are 1,184,100.

He has averaged a gain of 17% on 5,800,000 shares bought at an average price of $28.15 per share. On shares sold, he has averaged a loss of 5% on 4,615,900 shares sold at an average price of $34.60 per share. Perry held for three quarters.

Express Scripts (ESRX): Sold Out

Impact to Portfolio: -2.7%

Up 5% over 12 months, Express Scripts has a market cap of $52.79 billion; its shares were traded at around $64.84, with a P/E of 29.80. The P/B ratio is 2.20.

Historical share pricing:

1377293840512.png

Guru Action: As of June 30, 2013 Richard Perry sold out his position, selling 1,500,000 shares at an average price of $60.22, for a gain of 7.7%.

Peabody Energy Corporation (BTU): Sold Out

Impact to Portfolio: -2.1%

Down 24% over 12 months, Peabody Energy Corporation, a coal company, has a market cap of $4.81 billion; its shares were traded at around $17.83, with a P/E of 11.30. The P/B ratio is 1.00.

Historical share pricing:

1377294480177.png

Guru Action: As of June 30, 2013 Richard Perry sold out his position, selling 3,161,000 shares at an average price of $19.16, for a loss of 6.9%. Perry held for two quarters, losing 24.4% in the first quarter of 2013.

American International Group Inc. (AIG): Reduced

Impact to Portfolio: -1.74%

Up 37% over 12 months, American International Group has a market cap of $69.96 billion; its shares were traded at around $47.39. The P/E ratio is 26.50.

Historical share pricing:

1377294730920.png

Guru Action: As of June 30, 2013 Richard Perry reduced his position by 10.73%, selling 1,411,471 shares at an average price of $42.90, for a gain of 10.5%. Current shares remaining are 11,745,789.

He has averaged a gain of 43% on 14,865,903 shares bought at an average price of $33.20 per share. On shares sold, he has averaged a gain of 18% on 3,120,114 shares sold at an average price of $40.02 per share.

His trading history:

1377293156919.png



NRG Energy Inc. (NRG): Reduced


Impact to Portfolio: -1.53%

Up 24% over 12 months, NRG Energy has a market cap of $8.5 billion; its shares were traded at around $26.32 with a P/E of 18.10. The P/B ratio is 0.90.

Historical share pricing:

1377294953575.png

Guru Action: As of June 30, 2013 Richard Perry reduced his position by 21.31%, selling 1,813,165 shares at an average price of $26.90, for a loss of 2.2%. Current shares remaining are 6,696,138.

He has averaged a gain of 26% on 8,509,303 shares bought at an average price of $20.82 per share. On shares sold, he has averaged a loss of 2% on 1,813,165 shares sold at an average price of $26.90 per share.



Apple Inc. (AAPL): Sold Out


Impact to Portfolio: -0.91%

Down 24% over 12 months, Apple Inc. has a market cap of $455.18 billion; its shares were traded at around $501.20, with a P/E of 12.50. The P/B ratio is 3.90.

Historical share pricing:

1377295089315.png



Guru Action: As of June 30, 2013 Richard Perry sold out his position, selling 65,000 shares at an average price of $430.74, for a gain of 16.3%. Perry bought 65,000 shares in the first quarter of 2013 at $466.17 for a gain of 7.5%. In the fourth quarter of 2008 he sold 185,750 shares at $94.94 for a gain of 427.7%.

MGIC Investment Corporation (MTG: Reduced

Impact to Portfolio: -0.75%

Up 505% over 12 months, MGIC Investment Corporation has a market cap of $2.43 billion; its shares were traded at around $7.20. The P/B ratio is 2.30.

Guru Action: As of June 30, 2013 Richard Perry reduced his position by 53.5%, selling 4,796,500 shares at an average price of $5.69, for a loss of 26.5%. Current shares remaining are 4,169,464.

He has averaged a gain of 107% on 8,965,964 shares bought at an average price of $3.48 per share. On shares sold, he has averaged a gain of 27% on 4,796,500 shares sold at an average price of $5.69 per share.

Calpine Corp. (CPN): Reduced


Impact to Portfolio: -0.48%

Up 9% over 12 months, Calpine Corp. has a market cap of $8.55 billion; its shares were traded at around $19.49 with a P/E of 27.30. The P/B ratio is 2.40.

Guru Action: As of June 30, 2013 Richard Perry reduced his position by 17.65%, selling 725,800 shares at an average price of $20.97, for a loss of 7.1%. Current shares remaining are 3,386,423.

He has averaged a gain of 13% on 4,112,223 shares bought at an average price of $17.30 per share. On shares sold, he has averaged a loss of 7% on 725,800 shares sold at an average price of $20.97 per share.

Here is the complete portfolio of Richard Perry.



Be sure to read:

1. Richard Perry's Undervalued Stocks

2. Richard Perry's Top Growth Companies

3. Richard Perry's High Yield stocks

4. Stocks that Richard Perry keeps buying

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GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

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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: 3.0/5 (4 votes)

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