10-year

Don't Miss This Only Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Bruce Berkowitz Buys Spectra Energy, Freeport-McMoran Copper & Gold, Sells Systemax Inc., Oneok Partners L Punit Ltd Partnership, Micron Technology Inc.

Bruce Berkowitz likes to concentrate on his best ideas. He has outperformed the market by wide margains. These are his buys and sells during the first quarter of 2007.

Bruce Berkowitz buys Spectra Energy, Freeport-McMoran Copper & Gold, sells Systemax Inc., Oneok Partners L Punit Ltd Partnership, Micron Technology Inc., Kaiser Aluminum Corporation, Phelps Dodge Corp., Trans World Entertainment Corp during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Fairholme Capital Managment. Bruce Berkowitz owns 35 stocks with a total value of $4.9 billion. These are the details of the buys and sells.

Added: Berkshirehathaway Inc. Cl A (BRK-A)

Bruce Berkowitz added to his holdings in Property & Casualty Insurance company Berkshirehathaway Inc. Cl A by 32.78%. His purchase prices were between $105310 and $110000, with an estimated average price of $108061. The impact to his portfolio due to this purchase was 5.37%. His holdings was 9,822 shares as of 03/31/2007. Berkshirehathaway Inc. Cl A closed today at $109350.

Added: Canadian Natural Resources Limited Common Shares (CNQ)

Bruce Berkowitz added to his holdings in Exploration & Production company Canadian Natural Resources Limited Common Shares by 26.24%. His purchase prices were between $46.52 and $55.33, with an estimated average price of $50.3. The impact to his portfolio due to this purchase was 4.23%. His holdings was 18,154,868 shares as of 03/31/2007. Canadian Natural Resources Limited Common Shares closed today at $63.19.

Added: Eastman Chemical Co. (EMN)

Bruce Berkowitz added to his holdings in Specialty Chemicals company Eastman Chemical Co. by 106.05%. His purchase prices were between $58.12 and $64.09, with an estimated average price of $60.2. The impact to his portfolio due to this purchase was 2.65%. His holdings was 3,991,868 shares as of 03/31/2007. Eastman Chemical Co. closed today at $65.3.

Added: Leucadia National Corp. (LUK)

Bruce Berkowitz added to his holdings in Property & Casualty Insurance company Leucadia National Corp. by 27.49%. His purchase prices were between $26.7 and $30.27, with an estimated average price of $28.4. The impact to his portfolio due to this purchase was 1.13%. His holdings was 8,765,612 shares as of 03/31/2007. Leucadia National Corp. closed today at $33.25.

New Purchase: Spectra Energy (SE)

Bruce Berkowitz initiated holdings in Gas Distribution company Spectra Energy. His purchase prices were between $23.78 and $28.37, with an estimated average price of $25.5. The impact to his portfolio due to this purchase was 1.35%. His holdings was 2,519,900 shares as of 03/31/2007. Spectra Energy closed today at $26.02.

New Purchase: Freeport-mcmoran Copper & Gold (FCX)

Bruce Berkowitz initiated holdings in Nonferrous Metals company Freeport-mcmoran Copper & Gold. His purchase prices were between $50.95 and $63.92, with an estimated average price of $56.9. The impact to his portfolio due to this purchase was 0.89%. His holdings was 662,496 shares as of 03/31/2007. Freeport-mcmoran Copper & Gold closed today at $71.67.

Reduced: Calumet Specialty Products Partners, L.p. - Common (CLMT)

Bruce Berkowitz reduced to his holdings in Specialty Chemicals company Calumet Specialty Products Partners, L.p. - Common by 27.78%. His purchase prices were between $39.72 and $46.96, with an estimated average price of $43.3. The impact to his portfolio due to this sale was 0.33%. His still held 432,253 shares as of 03/31/2007. Calumet Specialty Products Partners, L.p. - Common closed today at $51.33.

Reduced: Duke Energy Corp. (DUK)

Bruce Berkowitz reduced to his holdings in Electricity company Duke Energy Corp. by 97.81%. His purchase prices were between $18.18 and $20.11, with an estimated average price of $19.3. The impact to his portfolio due to this sale was 0.01%. His still held 43,400 shares as of 03/31/2007. Duke Energy Corp. closed today at $20.54.

Sold Out: Micron Technology Inc. (MU)

Bruce Berkowitz sold out his holdings in Semiconductors company Micron Technology Inc.. His purchase prices were between $11.42 and $14.23, with an estimated average price of $12.5. The impact to his portfolio due to this sale was less than 0.01%. Micron Technology Inc. closed today at $12.29.

Sold Out: Kaiser Aluminum Corporation (KALU)

Bruce Berkowitz sold out his holdings in Aluminum company Kaiser Aluminum Corporation. His purchase prices were between $58.15 and $76.2, with an estimated average price of $68.3. The impact to his portfolio due to this sale was less than 0.01%. Kaiser Aluminum Corporation closed today at $87.95.

Sold Out: Oneok Partners L Punit Ltd Partnership (OKS)

Bruce Berkowitz sold out his holdings in Pipelines company Oneok Partners L Punit Ltd Partnership. His purchase prices were between $60.79 and $65.76, with an estimated average price of $63.5. The impact to his portfolio due to this sale was less than 0.01%. Oneok Partners L Punit Ltd Partnership closed today at $72.28.

Sold Out: Trans World Entertainment Corp (TWMC)

Bruce Berkowitz sold out his holdings in Specialty Retailers company Trans World Entertainment Corp. His purchase prices were between $5.35 and $5.91, with an estimated average price of $5.6. The impact to his portfolio due to this sale was less than 0.01%. Trans World Entertainment Corp closed today at $5.27.

Sold Out: Systemax Inc. (SYX)

Bruce Berkowitz sold out his holdings in Business Support Services company Systemax Inc.. His purchase prices were between $18.8 and $28.37, with an estimated average price of $22.3. The impact to his portfolio due to this sale was less than 0.01%. Systemax Inc. closed today at $16.86.

Rating: 2.7/5 (9 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK