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, Financial): 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:
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, Financial): 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:
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, Financial): 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:
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, Financial): 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:
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:
NRG Energy Inc. (NRG, Financial): 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:
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, Financial): 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:
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, Financial): 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
If you are not a Premium Member, we invite you for a 7-day Free Trial.
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.
Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
Here are all eight of Perry’s reductions or sell-outs made in the second quarter of 2013.
Hillshire Brands Co. (HSH, Financial): 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:
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, Financial): 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:
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, Financial): 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:
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, Financial): 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:
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:
NRG Energy Inc. (NRG, Financial): 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:
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, Financial): 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:
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, Financial): 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
If you are not a Premium Member, we invite you for a 7-day Free Trial.
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.
Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
