David Dreman Buys Microsemi Corp., Anworth Mortgage Asset Corp., The Scotts MiracleGro Company Commmon, Sells Affiliated Computer Services Inc., Weis Markets Inc., Walgreen Company

David Dreman Q2 Portfolio Update

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Jul 24, 2009
David Dreman, the renowned contrarian investor, had a forgetable 2008. His idea is "that we accumulate useful resources, such as crude for our strategic oil reserve. This would create new jobs, halt a deflationary spiral and give us some protection against the next international oil crisis." David Dreman owns 297 stocks with a total value of $3.1 billion. This is his Q2 portfolio update.


David Dreman buys Microsemi Corp., Anworth Mortgage Asset Corp., The Scotts MiracleGro Company Commmon, Contango Oil and Gas Co, Owens & Minor Inc., Garmin Ltd., Arris Group Inc, MFA Mortgage Investments Inc., McDermott International Inc., ONEOK Inc., Crane Co., Tidewater Inc., Alliance Data Systems Corp., Silver Wheaton Corp., Fiserv Inc., Coeur dAlene Mines Corp., National Semiconductor Corp., Federated Investors Inc., VF Corp., Terra Industries Inc., Hudson City Bancorp Inc., National Penn Bancshares Inc., Simon Property Group Inc., Diamond Offshore Drilling Inc., CSX Corp., Precision Castparts Corp., Prudential Financial Inc., Vornado Realty Trust, Torchmark Corp., The Boeing Company, Assurant Inc., SnapOn Inc., FOSTER WHEELER AG., National Oilwell Varco Inc., General Dynamics Corp., Goodrich Corp., Forest Laboratories Inc., HewlettPackard Company, Humana Inc., Loews Corp., WellPoint Inc., Flowserve Corp., Rockwell Collins Inc., 3M Company, Embarq Corp., Noble Corp., SUMITOMO MITSUI FINCL GRP, National Bank of Greece S.A., Lloyds TSB Group plc, sells Affiliated Computer Services Inc., Weis Markets Inc., Walgreen Company, StanCorp Financial Group Inc., Aaron Rents Inc., Penske Automotive Group Inc., Mueller Water Products Inc. Series A, MARSHALL & ILSLEY CORP NEW COM, KimberlyClark Corp., Intel Corp., Hercules Offshore Inc., Freddie Mac 5.81% Non-Cumulative Preferred Stock, The Dow Chemical Company, Worthington Industries Inc. during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Dreman Value Management. David Dreman owns 297 stocks with a total value of $3.1 billion. These are the details of the buys and sells.



New Purchases: ADS, AIZ, ANH, ARRS, BA, CDE, COL, CR, CSX, DO, FII, FISV, FLS, FRX, FWLT, GD, GR, GRMN, HCBK, HPQ, HUM, L, LYG, MCF, MDR, MFA, MMM, MSCC, NBG, NE, NOV, NPBC, NSM, OKE, OMI, PCP, PRU, SLW, SMG, SNA, SPG, TDW, TMK, TRA, VFC, VNO, WLP,

Added Positions: AEE, AEP, AMED, AMP, ARE, ASBC, AWH, BCO, BHI, BIIB, BOH, CAH, CB, CBS, CI, CIT, DOX, EMR, ENR, ESL, FITB, FMER, HPT, HS, IDA, ISCA, KBE, KELYA, KEY, LLY, LO, NAFC, NBL, NFX, OI, PPL, PRSP, R, RJF, RSH, STT, TFX, VVC, WFSL, WHR, XLF, XLNX,

Reduced Positions: ACGL, AET, ALL, ALV, APA, APC, ATK, AXP, BAC, BGC, BHP, BVF, C, CAT, CBE, CCL, CEDC, CF, CHK, CHKP, COO, COP, CVX, DIS, DVN, EIX, ETN, FCX, FDX, FNA, GE, GS, HBI, IPCR, JKHY, JOYG, JPM, LM, LOW, LPNT, MD, MO, MRK, MSFT, NEM, NOC, OXY, PFE, PH, PKE, PM, PNC, PPG, RBC, RS, SAFM, SIGI, SJM, SPLS, STI, TRV, UFCS, UNH, URS, USB, UTX, VLO, VZ, WFC, WLL, WYE, XEC, ZMH,

Sold Out: ACS, DOW, FRE-PO, HERO, INTC, KMB, MI, MWA, PAG, RNT, SFG, WAG, WMK, WOR,

For the details of David Dreman's stock buys and sells, go to the Link Here


This is the sector weightings of David Dreman's portfolio:


Technologygreen.gif 5.8%
Financialsgreen.gif 21%
Utilitiesgreen.gif 3.3%
Telecommunicationsgreen.gif 1.5%
Consumer Servicesgreen.gif 8.4%
Health Caregreen.gif 8.7%
Consumer Goodsgreen.gif 10%
Industrialsgreen.gif 19.9%
Basic Materialsgreen.gif 5.1%
Oil & Gasgreen.gif 13.6%



These are the top 5 holdings of David Dreman


  1. ConocoPhillips (COP) - 1,054,964 shares, 1.42% of the total portfolio
  2. Altria Group Inc. (MO) - 2,592,206 shares, 1.36% of the total portfolio
  3. Devon Energy Corp. (DVN) - 777,210 shares, 1.36% of the total portfolio
  4. Anadarko Petroleum Corp. (APC) - 905,008 shares, 1.31% of the total portfolio
  5. Wyeth (WYE) - 867,344 shares, 1.26% of the total portfolio
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