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HOTCHKIS & WILEY Buys Royal Dutch Shell Plc Cl B, Embraer-empresa Brasileira De, Employers Holdings, Sells Alltel Corp., Sara Lee Corp., Raytheon Co.

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Value investing team HOTCHKIS & WILEY evaluates companies by looking at their tangible assets, sustainable cash flow and potential for improving business performance. During the past 5 eyars, everyone of their funds outperformed the market by wide margains. These are their buys and sells during the first quarter. HOTCHKIS & WILEY owns 124 stocks with a total value of $31.6 billion.

HOTCHKIS & WILEY buys Royal Dutch Shell PLC Cl B, Embraer-empresa Brasileira De, Employers Holdings I, Meritage Homes Corp., sells Alltel Corp., Sara Lee Corp., Raytheon Co., New Century Financial Corp., Magna Entertainment Corp., Kraft Foods Inc., Gray Television Inc., Csx Corp., Apartment Investment & Managem, Waste Management Inc. during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, HOTCHKIS & WILEY Capital Managment LLC. HOTCHKIS & WILEY owns 124 stocks with a total value of $31.6 billion. These are the details of the buys and sells.

Added: First Data Corp. (FDC)

HOTCHKIS & WILEY added to his holdings in Business Support Services company First Data Corp. by 320.93%. His purchase prices were between $24.64 and $26.8, with an estimated average price of $25.4. The impact to his portfolio due to this purchase was 1.01%. His holdings were 15,697,200 shares as of 03/31/2007. Shares of First Data Corp. were traded at around $32.6.

Added: Idearc Inc (IAR)

HOTCHKIS & WILEY added to his holdings in Publishing company Idearc Inc by 91.46%. His purchase prices were between $28.96 and $34.9, with an estimated average price of $32.7. The impact to his portfolio due to this purchase was 0.86%. His holdings were 16,190,500 shares as of 03/31/2007. Shares of Idearc Inc were traded at around $36.84.

Added: Wal-mart (WMT)

HOTCHKIS & WILEY added to his holdings in Broadline Retailers company Wal-mart by 66.44%. His purchase prices were between $46 and $49.11, with an estimated average price of $47.4. The impact to his portfolio due to this purchase was 0.77%. His holdings were 12,959,000 shares as of 03/31/2007. Shares of Wal-mart were traded at around $46.62.

Added: Lennar Corp. (LEN)

HOTCHKIS & WILEY added to his holdings in Home Construction company Lennar Corp. by 45.78%. His purchase prices were between $43.38 and $55.9, with an estimated average price of $49.7. The impact to his portfolio due to this purchase was 0.75%. His holdings were 17,885,960 shares as of 03/31/2007. Shares of Lennar Corp. were traded at around $45.41.

Added: Xl Capital Ltd. (XL)

HOTCHKIS & WILEY added to his holdings in Property & Casualty Insurance company Xl Capital Ltd. by 69.34%. His purchase prices were between $67.49 and $73.45, with an estimated average price of $70. The impact to his portfolio due to this purchase was 0.73%. His holdings were 8,098,600 shares as of 03/31/2007. Shares of Xl Capital Ltd. were traded at around $81.33.

Added: Sunoco Inc. (SUN)

HOTCHKIS & WILEY added to his holdings in Exploration & Production company Sunoco Inc. by 137.37%. His purchase prices were between $59.22 and $70.9, with an estimated average price of $63.6. The impact to his portfolio due to this purchase was 0.71%. His holdings were 5,503,300 shares as of 03/31/2007. Shares of Sunoco Inc. were traded at around $77.3.

Added: Centex Corp. (CTX)

HOTCHKIS & WILEY added to his holdings in Home Construction company Centex Corp. by 32.35%. His purchase prices were between $41.58 and $55.05, with an estimated average price of $49.1. The impact to his portfolio due to this purchase was 0.52%. His holdings were 16,224,200 shares as of 03/31/2007. Shares of Centex Corp. were traded at around $47.48.

Added: Mdc Holdings Inc. (MDC)

HOTCHKIS & WILEY added to his holdings in Home Construction company Mdc Holdings Inc. by 78.6%. His purchase prices were between $48.41 and $59.46, with an estimated average price of $53.3. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,623,543 shares as of 03/31/2007. Shares of Mdc Holdings Inc. were traded at around $51.95.

Added: Foot Locker Inc. (FL)

HOTCHKIS & WILEY added to his holdings in Apparel Retailers company Foot Locker Inc. by 35.86%. His purchase prices were between $21.41 and $24.04, with an estimated average price of $22.5. The impact to his portfolio due to this purchase was 0.09%. His holdings were 4,689,600 shares as of 03/31/2007. Shares of Foot Locker Inc. were traded at around $22.01.

Added: Beazer Homes Usa Inc. (BZH)

HOTCHKIS & WILEY added to his holdings in Home Construction company Beazer Homes Usa Inc. by 54.58%. His purchase prices were between $28.77 and $45.51, with an estimated average price of $39.7. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,560,833 shares as of 03/31/2007. Shares of Beazer Homes Usa Inc. were traded at around $35.02.

Added: Toll Brothers Inc. (TOL)

HOTCHKIS & WILEY added to his holdings in Home Construction company Toll Brothers Inc. by 24.15%. His purchase prices were between $27.82 and $35.35, with an estimated average price of $31.1. The impact to his portfolio due to this purchase was 0.05%. His holdings were 3,276,300 shares as of 03/31/2007. Shares of Toll Brothers Inc. were traded at around $28.81.

Added: Russ Berrie & Co. Inc. (RUS)

HOTCHKIS & WILEY added to his holdings in Toys company Russ Berrie & Co. Inc. by 681.91%. His purchase prices were between $13.6 and $15.1, with an estimated average price of $14.5. The impact to his portfolio due to this purchase was 0.02%. His holdings were 393,300 shares as of 03/31/2007. Shares of Russ Berrie & Co. Inc. were traded at around $15.71.

Added: California Coastal Communities (CALC)

HOTCHKIS & WILEY added to his holdings in Real Estate Holding & Development company California Coastal Communities by 28.65%. His purchase prices were between $19.4 and $20.91, with an estimated average price of $20. The impact to his portfolio due to this purchase was 0.01%. His holdings were 391,576 shares as of 03/31/2007. Shares of California Coastal Communities were traded at around $17.06.

New Purchase: Royal Dutch Shell Plc Cl B (RDS-B)

HOTCHKIS & WILEY initiated holdings in Integrated Oil & Gas company Royal Dutch Shell Plc Cl B. His purchase prices were between $62.53 and $66.97, with an estimated average price of $65.6. The impact to his portfolio due to this purchase was 1.47%. His holdings were 6,986,500 shares as of 03/31/2007. Shares of Royal Dutch Shell Plc Cl B were traded at around $76.61.

New Purchase: Embraer-empresa Brasileira De (ERJ)

HOTCHKIS & WILEY initiated holdings in Aerospace company Embraer-empresa Brasileira De. His purchase prices were between $39.43 and $45.98, with an estimated average price of $43.2. The impact to his portfolio due to this purchase was 0.45%. His holdings were 3,074,200 shares as of 03/31/2007. Shares of Embraer-empresa Brasileira De were traded at around $47.09.

New Purchase: Employers Holdings I (EIG)

HOTCHKIS & WILEY initiated holdings in Property & Casualty Insurance company Employers Holdings I. His purchase prices were between $19.27 and $22.9, with an estimated average price of $20.5. The impact to his portfolio due to this purchase was 0.05%. His holdings were 752,300 shares as of 03/31/2007. Shares of Employers Holdings I were traded at around $20.75.

New Purchase: Meritage Homes Corp. (MTH)

HOTCHKIS & WILEY initiated holdings in Home Construction company Meritage Homes Corp.. His purchase prices were between $32.34 and $46.22, with an estimated average price of $40. The impact to his portfolio due to this purchase was 0.02%. His holdings were 235,838 shares as of 03/31/2007. Shares of Meritage Homes Corp. were traded at around $34.65.

Reduced: Spx Corp. (SPW)

HOTCHKIS & WILEY reduced to his holdings in Electrical Components & Equipment company Spx Corp. by 41.72%. His sale prices were between $60.76 and $71.6, with an estimated average price of $68.4. The impact to his portfolio due to this sale was 0.59%. HOTCHKIS & WILEY still held 3,757,700 shares as of 03/31/2007. Shares of Spx Corp. were traded at around $81.19.

Reduced: Agrium Inc. (AGU)

HOTCHKIS & WILEY reduced to his holdings in Specialty Chemicals company Agrium Inc. by 23.07%. His sale prices were between $30.8 and $40.08, with an estimated average price of $36.2. The impact to his portfolio due to this sale was 0.55%. HOTCHKIS & WILEY still held 5,644,700 shares as of 03/31/2007. Shares of Agrium Inc. were traded at around $39.

Reduced: Interpublic Group Of Companies (IPG)

HOTCHKIS & WILEY reduced to his holdings in Media Agencies company Interpublic Group Of Companies by 25.07%. His sale prices were between $12.28 and $13.65, with an estimated average price of $12.8. The impact to his portfolio due to this sale was 0.53%. HOTCHKIS & WILEY still held 17,006,010 shares as of 03/31/2007. Shares of Interpublic Group Of Companies were traded at around $11.63.

Reduced: Unilever Plc (UL)

HOTCHKIS & WILEY reduced to his holdings in Food Products company Unilever Plc by 56.39%. His sale prices were between $26.14 and $29.74, with an estimated average price of $27.8. The impact to his portfolio due to this sale was 0.49%. HOTCHKIS & WILEY still held 8,136,669 shares as of 03/31/2007. Shares of Unilever Plc were traded at around $31.01.

Reduced: Harrah's Entertainment Inc. (HET)

HOTCHKIS & WILEY reduced to his holdings in Gambling company Harrah's Entertainment Inc. by 52.84%. His sale prices were between $81.7 and $84.93, with an estimated average price of $83.6. The impact to his portfolio due to this sale was 0.46%. HOTCHKIS & WILEY still held 2,656,389 shares as of 03/31/2007. Shares of Harrah's Entertainment Inc. were traded at around $85.45.

Reduced: Assurant Inc. (AIZ)

HOTCHKIS & WILEY reduced to his holdings in Full Line Insurance company Assurant Inc. by 24.28%. His sale prices were between $52.51 and $56.92, with an estimated average price of $54.5. The impact to his portfolio due to this sale was 0.24%. HOTCHKIS & WILEY still held 1,781,100 shares as of 03/31/2007. Shares of Assurant Inc. were traded at around $60.08.

Reduced: Unisys Corp. (UIS)

HOTCHKIS & WILEY reduced to his holdings in Computer Services company Unisys Corp. by 26.52%. His sale prices were between $7.96 and $9.3, with an estimated average price of $8.5. The impact to his portfolio due to this sale was 0.17%. HOTCHKIS & WILEY still held 8,280,800 shares as of 03/31/2007. Shares of Unisys Corp. were traded at around $8.38.

Reduced: Wci Communities Inc. (WCI)

HOTCHKIS & WILEY reduced to his holdings in Home Construction company Wci Communities Inc. by 58.86%. His sale prices were between $19.45 and $23.8, with an estimated average price of $21.3. The impact to his portfolio due to this sale was 0.12%. HOTCHKIS & WILEY still held 2,770,500 shares as of 03/31/2007. Shares of Wci Communities Inc. were traded at around $19.8.

Reduced: Lockheed Martin Corp. (LMT)

HOTCHKIS & WILEY reduced to his holdings in Aerospace company Lockheed Martin Corp. by 81.45%. His sale prices were between $91.7 and $101.76, with an estimated average price of $97.7. The impact to his portfolio due to this sale was 0.1%. HOTCHKIS & WILEY still held 633,800 shares as of 03/31/2007. Shares of Lockheed Martin Corp. were traded at around $98.79.

Reduced: Phh Corp. (PHH)

HOTCHKIS & WILEY reduced to his holdings in Transportation Services company Phh Corp. by 24.66%. His sale prices were between $27.95 and $30.75, with an estimated average price of $29.4. The impact to his portfolio due to this sale was 0.09%. HOTCHKIS & WILEY still held 1,089,100 shares as of 03/31/2007. Shares of Phh Corp. were traded at around $30.89.

Reduced: Tesoro Corp. (TSO)

HOTCHKIS & WILEY reduced to his holdings in Exploration & Production company Tesoro Corp. by 89.39%. His sale prices were between $65.6 and $100.84, with an estimated average price of $85. The impact to his portfolio due to this sale was 0.06%. HOTCHKIS & WILEY still held 344,400 shares as of 03/31/2007. Shares of Tesoro Corp. were traded at around $121.

Reduced: Brookfield Homes Corp. (BHS)

HOTCHKIS & WILEY reduced to his holdings in Home Construction company Brookfield Homes Corp. by 30.8%. His sale prices were between $32.01 and $40.68, with an estimated average price of $36. The impact to his portfolio due to this sale was 0.04%. HOTCHKIS & WILEY still held 450,429 shares as of 03/31/2007. Shares of Brookfield Homes Corp. were traded at around $31.4.

Reduced: Mosaic Co. (MOS)

HOTCHKIS & WILEY reduced to his holdings in Specialty Chemicals company Mosaic Co. by 94.62%. His sale prices were between $19.95 and $27.65, with an estimated average price of $23.8. The impact to his portfolio due to this sale was 0.02%. HOTCHKIS & WILEY still held 339,100 shares as of 03/31/2007. Shares of Mosaic Co. were traded at around $31.94.

Reduced: Entergy Corp. (ETR)

HOTCHKIS & WILEY reduced to his holdings in Electricity company Entergy Corp. by 65.54%. His sale prices were between $89.55 and $103.65, with an estimated average price of $96.4. The impact to his portfolio due to this sale was 0.02%. HOTCHKIS & WILEY still held 85,900 shares as of 03/31/2007. Shares of Entergy Corp. were traded at around $117.62.

Reduced: Cf Industries Holdings Inc. (CF)

HOTCHKIS & WILEY reduced to his holdings in Specialty Chemicals company Cf Industries Holdings Inc. by 90.87%. His sale prices were between $26.56 and $41.79, with an estimated average price of $34.5. The impact to his portfolio due to this sale was 0.01%. HOTCHKIS & WILEY still held 60,400 shares as of 03/31/2007. Shares of Cf Industries Holdings Inc. were traded at around $42.94.

Reduced: Comstock Homebuilding Companie (CHCI)

HOTCHKIS & WILEY reduced to his holdings in Home Construction company Comstock Homebuilding Companie by 24.62%. His sale prices were between $4.3 and $6.84, with an estimated average price of $5.9. The impact to his portfolio due to this sale was 0.01%. HOTCHKIS & WILEY still held 562,600 shares as of 03/31/2007. Shares of Comstock Homebuilding Companie were traded at around $2.94.

Sold Out: Waste Management Inc. (WMI)

HOTCHKIS & WILEY sold out his holdings in Waste & Disposal Services company Waste Management Inc.. His sale prices were between $33.15 and $37.58, with an estimated average price of $35.2. The impact to his portfolio due to this sale was less than 0.01%. Shares of Waste Management Inc. were traded at around $38.91.

Sold Out: Sara Lee Corp. (SLE)

HOTCHKIS & WILEY sold out his holdings in Food Products company Sara Lee Corp.. His sale prices were between $16.31 and $17.31, with an estimated average price of $16.9. The impact to his portfolio due to this sale was less than 0.01%. Shares of Sara Lee Corp. were traded at around $17.61.

Sold Out: Alltel Corp. (AT)

HOTCHKIS & WILEY sold out his holdings in Mobile Telecom company Alltel Corp.. His sale prices were between $59.9 and $62.7, with an estimated average price of $61.6. The impact to his portfolio due to this sale was less than 0.01%. Shares of Alltel Corp. were traded at around $69.6.

Sold Out: Raytheon Co. (RTN)

HOTCHKIS & WILEY sold out his holdings in Aerospace company Raytheon Co.. His sale prices were between $51.2 and $54.78, with an estimated average price of $52.8. The impact to his portfolio due to this sale was less than 0.01%. Shares of Raytheon Co. were traded at around $54.3.

Sold Out: Gray Television Inc. (GTN)

HOTCHKIS & WILEY sold out his holdings in Broadcasting & Entertainment company Gray Television Inc.. His sale prices were between $7.49 and $10.48, with an estimated average price of $8.8. The impact to his portfolio due to this sale was less than 0.01%. Shares of Gray Television Inc. were traded at around $10.3.

Sold Out: Magna Entertainment Corp. (MECA)

HOTCHKIS & WILEY sold out his holdings in Recreational Products company Magna Entertainment Corp.. His sale prices were between $3.09 and $4.35, with an estimated average price of $4. The impact to his portfolio due to this sale was less than 0.01%. Shares of Magna Entertainment Corp. were traded at around $3.44.

Sold Out: Kraft Foods Inc. (KFT)

HOTCHKIS & WILEY sold out his holdings in Food Products company Kraft Foods Inc.. His sale prices were between $30.42 and $35.52, with an estimated average price of $33.2. The impact to his portfolio due to this sale was less than 0.01%. Shares of Kraft Foods Inc. were traded at around $33.19.

Sold Out: Csx Corp. (CSX)

HOTCHKIS & WILEY sold out his holdings in Railroads company Csx Corp.. His sale prices were between $34.18 and $41.65, with an estimated average price of $37.7. The impact to his portfolio due to this sale was less than 0.01%. Shares of Csx Corp. were traded at around $45.62.

Sold Out: Apartment Investment & Managem (AIV)

HOTCHKIS & WILEY sold out his holdings in Real Estate Holding & Development company Apartment Investment & Managem. His sale prices were between $54.06 and $63.65, with an estimated average price of $58.6. The impact to his portfolio due to this sale was less than 0.01%. Shares of Apartment Investment & Managem were traded at around $51.81.

Rating: 2.7/5 (23 votes)

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