Since his streak of beating the market ended last year, Bill Miller continues to lag the market. His flagship fund Legg Mason Value Trust was up only 3.5% during the past 12 months. Guess what, maybe it is a good time to see what he is buying. These are his buys and sells during the first quarter of 2007.
Bill Miller buys Trinity Industries Inc., Motorola Inc., Alcatel Lucent, Ual Corporation , Amgen Inc., sells Lear Corp., Symantec Corp., Verisign Inc., Wpp Group Plc, Waste Management Inc., Fieldstone Investment Corp. during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Legg Mason Value Trust. Bill Miller owns 40 stocks with a total value of $20 billion. These are the details of the buys and sells.
New Purchases: ALU, AMGN, MOT, TRN, UAUA,
Added Positions: BZH, GE, GM, LCC, LVLT, MNKD, PNK, SOLD,
Reduced Positions: DELL, JAH, NKE, SYNM,
Sold Out: FICC, LEA, SYMC, VRSN, WMI, WPPGY,
Added: Level 3 Communications Inc. (LVLT, Financial)
Bill Miller added to his holdings in Fixed Line Telecom company Level 3 Communications Inc. by 93.36%. His purchase prices were between $5.93 and $6.6, with an estimated average price of $6.2. The impact to his portfolio due to this purchase was 2.83%. His holdings were 67,677,000 shares as of 03/31/2007. Shares of Level 3 Communications Inc. were traded at around $5.8101.
Added: US Airways Group, Inc. Common Stock, Par Value $0. (LCC, Financial)
Bill Miller added to his holdings in Airlines company Us Airways Group, Inc. Common Stock, Par Value $0. by 1050%. His purchase prices were between $46.39 and $60.81, with an estimated average price of $53.6. The impact to his portfolio due to this purchase was 1.35%. His holdings were 2,300,000 shares as of 03/31/2007. Shares of Us Airways Group, Inc. Common Stock, Par Value $0. were traded at around $35.65.
Added: General Motors Corporation (GM, Financial)
Bill Miller added to his holdings in Automobiles company General Motors Corporation by 1160%. His purchase prices were between $28.93 and $36.04, with an estimated average price of $31.9. The impact to his portfolio due to this purchase was 0.43%. His holdings were 3,100,000 shares as of 03/31/2007. Shares of General Motors Corporation were traded at around $29.99.
Added: Mannkind Corp. (MNKD, Financial)
Bill Miller added to his holdings in Biotechnology company Mannkind Corp. by 34.16%. His purchase prices were between $14.55 and $16.73, with an estimated average price of $15.9. The impact to his portfolio due to this purchase was 0.35%. His holdings were 6,842,000 shares as of 03/31/2007. Shares of Mannkind Corp. were traded at around $11.38.
Added: General Electric Co. (GE, Financial)
Bill Miller added to his holdings in Diversified Industrials company General Electric Co. by 25%. His purchase prices were between $34.32 and $37.59, with an estimated average price of $35.7. The impact to his portfolio due to this purchase was 0.35%. His holdings were 10,000,000 shares as of 03/31/2007. Shares of General Electric Co. were traded at around $37.58.
Added: Beazer Homes Usa Inc. (BZH, Financial)
Bill Miller added to his holdings in Home Construction company Beazer Homes Usa Inc. by 38.1%. 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 0.33%. His holdings were 2,900,000 shares as of 03/31/2007. Shares of Beazer Homes Usa Inc. were traded at around $35.77.
Added: Pinnacle Entertainment Inc. (PNK, Financial)
Bill Miller added to his holdings in Gambling company Pinnacle Entertainment Inc. by 33.33%. His purchase prices were between $28.48 and $35.4, with an estimated average price of $32.1. The impact to his portfolio due to this purchase was 0.25%. His holdings were 2,400,000 shares as of 03/31/2007. Shares of Pinnacle Entertainment Inc. were traded at around $30.6.
Added: Housevalues Inc. (SOLD, Financial)
Bill Miller added to his holdings in Real Estate Holding & Development company Housevalues Inc. by 23.2%. His purchase prices were between $4.96 and $5.72, with an estimated average price of $5.3. The impact to his portfolio due to this purchase was 0.07%. His holdings were 4,902,000 shares as of 03/31/2007. Shares of Housevalues Inc. were traded at around $4.59.
New Purchase: Trinity Industries Inc. (TRN, Financial)
Bill Miller initiated holdings in Commercial Vehicles & Trucks company Trinity Industries Inc.. His purchase prices were between $34.28 and $44.64, with an estimated average price of $39.4. The impact to his portfolio due to this purchase was 0.76%. His holdings were 1,283,000 shares as of 03/31/2007. Shares of Trinity Industries Inc. were traded at around $46.17.
New Purchase: Motorola Inc. (MOT, Financial)
Bill Miller initiated holdings in Telecom Equipment company Motorola Inc.. His purchase prices were between $17.73 and $19.8, with an estimated average price of $18.7. The impact to his portfolio due to this purchase was 0.35%. His holdings were 4,000,000 shares as of 03/31/2007. Shares of Motorola Inc. were traded at around $18.19.
New Purchase: Alcatel Lucent (ALU, Financial)
Bill Miller initiated holdings in Telecom Equipment company Alcatel Lucent. His purchase prices were between $11.53 and $14.99, with an estimated average price of $13. The impact to his portfolio due to this purchase was 0.34%. His holdings were 2,000,000 shares as of 03/31/2007. Shares of Alcatel Lucent were traded at around $13.72.
New Purchase: Ual Corporation (UAUA, Financial)
Bill Miller initiated holdings in Airlines company Ual Corporation . His purchase prices were between $38.11 and $50.16, with an estimated average price of $43. The impact to his portfolio due to this purchase was 0.16%. His holdings were 300,000 shares as of 03/31/2007. Shares of Ual Corporation were traded at around $39.26.
New Purchase: Amgen Inc. (AMGN)
Bill Miller initiated holdings in Biotechnology company Amgen Inc.. His purchase prices were between $55.72 and $74.25, with an estimated average price of $66. The impact to his portfolio due to this purchase was 0.06%. His holdings were 200,000 shares as of 03/31/2007. Shares of Amgen Inc. were traded at around $56.45.
Reduced: Nike Inc. (NKE)
Bill Miller reduced to his holdings in Footwear company Nike Inc. by 20.65%. His sale prices were between $47.43 and $54.53, with an estimated average price of $51.5. The impact to his portfolio due to this sale was 0.7%. Bill Miller still held 3,174,000 shares as of 03/31/2007. Shares of Nike Inc. were traded at around $56.75.
Reduced: Dell Inc. (DELL)
Bill Miller reduced to his holdings in Computer Hardware company Dell Inc. by 59.11%. His sale prices were between $22.43 and $26.62, with an estimated average price of $24. The impact to his portfolio due to this sale was 0.41%. Bill Miller still held 5,602,000 shares as of 03/31/2007. Shares of Dell Inc. were traded at around $26.911.
Reduced: Jarden Corp. (JAH)
Bill Miller reduced to his holdings in Nondurable Household Products company Jarden Corp. by 81.42%. His sale prices were between $35.45 and $38.67, with an estimated average price of $37. The impact to his portfolio due to this sale was 0.27%. Bill Miller still held 904,000 shares as of 03/31/2007. Shares of Jarden Corp. were traded at around $42.62.
Reduced: Syntroleum Corp. (SYNM)
Bill Miller reduced to his holdings in Oil Equipment & Services company Syntroleum Corp. by 25.39%. His sale prices were between $2.96 and $3.79, with an estimated average price of $3.3. The impact to his portfolio due to this sale was 0.15%. Bill Miller still held 4,202,000 shares as of 03/31/2007. Shares of Syntroleum Corp. were traded at around $2.99.
Sold Out: Waste Management Inc. (WMI)
Bill Miller 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 $38.67.
Sold Out: Wpp Group Plc (WPPGY)
Bill Miller sold out his holdings in Media Agencies company Wpp Group Plc. His sale prices were between $66.76 and $77.12, with an estimated average price of $73.3. The impact to his portfolio due to this sale was less than 0.01%. Shares of Wpp Group Plc were traded at around $73.84.
Sold Out: Fieldstone Investment Corp. (FICC)
Bill Miller sold out his holdings in Real Estate Holding & Development company Fieldstone Investment Corp.. His sale prices were between $2.67 and $5.2, with an estimated average price of $3.9. The impact to his portfolio due to this sale was less than 0.01%. Shares of Fieldstone Investment Corp. were traded at around $3.94.
Sold Out: Lear Corp. (LEA)
Bill Miller sold out his holdings in Auto Parts company Lear Corp.. His sale prices were between $28.83 and $39.39, with an estimated average price of $35.7. The impact to his portfolio due to this sale was less than 0.01%. Shares of Lear Corp. were traded at around $35.67.
Sold Out: Verisign Inc. (VRSN)
Bill Miller sold out his holdings in Software company Verisign Inc.. His sale prices were between $23.39 and $26.18, with an estimated average price of $24.9. The impact to his portfolio due to this sale was less than 0.01%. Shares of Verisign Inc. were traded at around $29.83.
Sold Out: Symantec Corp. (SYMC)
Bill Miller sold out his holdings in Software company Symantec Corp.. His sale prices were between $16.84 and $21.34, with an estimated average price of $18. The impact to his portfolio due to this sale was less than 0.01%. Shares of Symantec Corp. were traded at around $19.99.
Bill Miller buys Trinity Industries Inc., Motorola Inc., Alcatel Lucent, Ual Corporation , Amgen Inc., sells Lear Corp., Symantec Corp., Verisign Inc., Wpp Group Plc, Waste Management Inc., Fieldstone Investment Corp. during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Legg Mason Value Trust. Bill Miller owns 40 stocks with a total value of $20 billion. These are the details of the buys and sells.
New Purchases: ALU, AMGN, MOT, TRN, UAUA,
Added Positions: BZH, GE, GM, LCC, LVLT, MNKD, PNK, SOLD,
Reduced Positions: DELL, JAH, NKE, SYNM,
Sold Out: FICC, LEA, SYMC, VRSN, WMI, WPPGY,
Added: Level 3 Communications Inc. (LVLT, Financial)
Bill Miller added to his holdings in Fixed Line Telecom company Level 3 Communications Inc. by 93.36%. His purchase prices were between $5.93 and $6.6, with an estimated average price of $6.2. The impact to his portfolio due to this purchase was 2.83%. His holdings were 67,677,000 shares as of 03/31/2007. Shares of Level 3 Communications Inc. were traded at around $5.8101.
Added: US Airways Group, Inc. Common Stock, Par Value $0. (LCC, Financial)
Bill Miller added to his holdings in Airlines company Us Airways Group, Inc. Common Stock, Par Value $0. by 1050%. His purchase prices were between $46.39 and $60.81, with an estimated average price of $53.6. The impact to his portfolio due to this purchase was 1.35%. His holdings were 2,300,000 shares as of 03/31/2007. Shares of Us Airways Group, Inc. Common Stock, Par Value $0. were traded at around $35.65.
Added: General Motors Corporation (GM, Financial)
Bill Miller added to his holdings in Automobiles company General Motors Corporation by 1160%. His purchase prices were between $28.93 and $36.04, with an estimated average price of $31.9. The impact to his portfolio due to this purchase was 0.43%. His holdings were 3,100,000 shares as of 03/31/2007. Shares of General Motors Corporation were traded at around $29.99.
Added: Mannkind Corp. (MNKD, Financial)
Bill Miller added to his holdings in Biotechnology company Mannkind Corp. by 34.16%. His purchase prices were between $14.55 and $16.73, with an estimated average price of $15.9. The impact to his portfolio due to this purchase was 0.35%. His holdings were 6,842,000 shares as of 03/31/2007. Shares of Mannkind Corp. were traded at around $11.38.
Added: General Electric Co. (GE, Financial)
Bill Miller added to his holdings in Diversified Industrials company General Electric Co. by 25%. His purchase prices were between $34.32 and $37.59, with an estimated average price of $35.7. The impact to his portfolio due to this purchase was 0.35%. His holdings were 10,000,000 shares as of 03/31/2007. Shares of General Electric Co. were traded at around $37.58.
Added: Beazer Homes Usa Inc. (BZH, Financial)
Bill Miller added to his holdings in Home Construction company Beazer Homes Usa Inc. by 38.1%. 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 0.33%. His holdings were 2,900,000 shares as of 03/31/2007. Shares of Beazer Homes Usa Inc. were traded at around $35.77.
Added: Pinnacle Entertainment Inc. (PNK, Financial)
Bill Miller added to his holdings in Gambling company Pinnacle Entertainment Inc. by 33.33%. His purchase prices were between $28.48 and $35.4, with an estimated average price of $32.1. The impact to his portfolio due to this purchase was 0.25%. His holdings were 2,400,000 shares as of 03/31/2007. Shares of Pinnacle Entertainment Inc. were traded at around $30.6.
Added: Housevalues Inc. (SOLD, Financial)
Bill Miller added to his holdings in Real Estate Holding & Development company Housevalues Inc. by 23.2%. His purchase prices were between $4.96 and $5.72, with an estimated average price of $5.3. The impact to his portfolio due to this purchase was 0.07%. His holdings were 4,902,000 shares as of 03/31/2007. Shares of Housevalues Inc. were traded at around $4.59.
New Purchase: Trinity Industries Inc. (TRN, Financial)
Bill Miller initiated holdings in Commercial Vehicles & Trucks company Trinity Industries Inc.. His purchase prices were between $34.28 and $44.64, with an estimated average price of $39.4. The impact to his portfolio due to this purchase was 0.76%. His holdings were 1,283,000 shares as of 03/31/2007. Shares of Trinity Industries Inc. were traded at around $46.17.
New Purchase: Motorola Inc. (MOT, Financial)
Bill Miller initiated holdings in Telecom Equipment company Motorola Inc.. His purchase prices were between $17.73 and $19.8, with an estimated average price of $18.7. The impact to his portfolio due to this purchase was 0.35%. His holdings were 4,000,000 shares as of 03/31/2007. Shares of Motorola Inc. were traded at around $18.19.
New Purchase: Alcatel Lucent (ALU, Financial)
Bill Miller initiated holdings in Telecom Equipment company Alcatel Lucent. His purchase prices were between $11.53 and $14.99, with an estimated average price of $13. The impact to his portfolio due to this purchase was 0.34%. His holdings were 2,000,000 shares as of 03/31/2007. Shares of Alcatel Lucent were traded at around $13.72.
New Purchase: Ual Corporation (UAUA, Financial)
Bill Miller initiated holdings in Airlines company Ual Corporation . His purchase prices were between $38.11 and $50.16, with an estimated average price of $43. The impact to his portfolio due to this purchase was 0.16%. His holdings were 300,000 shares as of 03/31/2007. Shares of Ual Corporation were traded at around $39.26.
New Purchase: Amgen Inc. (AMGN)
Bill Miller initiated holdings in Biotechnology company Amgen Inc.. His purchase prices were between $55.72 and $74.25, with an estimated average price of $66. The impact to his portfolio due to this purchase was 0.06%. His holdings were 200,000 shares as of 03/31/2007. Shares of Amgen Inc. were traded at around $56.45.
Reduced: Nike Inc. (NKE)
Bill Miller reduced to his holdings in Footwear company Nike Inc. by 20.65%. His sale prices were between $47.43 and $54.53, with an estimated average price of $51.5. The impact to his portfolio due to this sale was 0.7%. Bill Miller still held 3,174,000 shares as of 03/31/2007. Shares of Nike Inc. were traded at around $56.75.
Reduced: Dell Inc. (DELL)
Bill Miller reduced to his holdings in Computer Hardware company Dell Inc. by 59.11%. His sale prices were between $22.43 and $26.62, with an estimated average price of $24. The impact to his portfolio due to this sale was 0.41%. Bill Miller still held 5,602,000 shares as of 03/31/2007. Shares of Dell Inc. were traded at around $26.911.
Reduced: Jarden Corp. (JAH)
Bill Miller reduced to his holdings in Nondurable Household Products company Jarden Corp. by 81.42%. His sale prices were between $35.45 and $38.67, with an estimated average price of $37. The impact to his portfolio due to this sale was 0.27%. Bill Miller still held 904,000 shares as of 03/31/2007. Shares of Jarden Corp. were traded at around $42.62.
Reduced: Syntroleum Corp. (SYNM)
Bill Miller reduced to his holdings in Oil Equipment & Services company Syntroleum Corp. by 25.39%. His sale prices were between $2.96 and $3.79, with an estimated average price of $3.3. The impact to his portfolio due to this sale was 0.15%. Bill Miller still held 4,202,000 shares as of 03/31/2007. Shares of Syntroleum Corp. were traded at around $2.99.
Sold Out: Waste Management Inc. (WMI)
Bill Miller 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 $38.67.
Sold Out: Wpp Group Plc (WPPGY)
Bill Miller sold out his holdings in Media Agencies company Wpp Group Plc. His sale prices were between $66.76 and $77.12, with an estimated average price of $73.3. The impact to his portfolio due to this sale was less than 0.01%. Shares of Wpp Group Plc were traded at around $73.84.
Sold Out: Fieldstone Investment Corp. (FICC)
Bill Miller sold out his holdings in Real Estate Holding & Development company Fieldstone Investment Corp.. His sale prices were between $2.67 and $5.2, with an estimated average price of $3.9. The impact to his portfolio due to this sale was less than 0.01%. Shares of Fieldstone Investment Corp. were traded at around $3.94.
Sold Out: Lear Corp. (LEA)
Bill Miller sold out his holdings in Auto Parts company Lear Corp.. His sale prices were between $28.83 and $39.39, with an estimated average price of $35.7. The impact to his portfolio due to this sale was less than 0.01%. Shares of Lear Corp. were traded at around $35.67.
Sold Out: Verisign Inc. (VRSN)
Bill Miller sold out his holdings in Software company Verisign Inc.. His sale prices were between $23.39 and $26.18, with an estimated average price of $24.9. The impact to his portfolio due to this sale was less than 0.01%. Shares of Verisign Inc. were traded at around $29.83.
Sold Out: Symantec Corp. (SYMC)
Bill Miller sold out his holdings in Software company Symantec Corp.. His sale prices were between $16.84 and $21.34, with an estimated average price of $18. The impact to his portfolio due to this sale was less than 0.01%. Shares of Symantec Corp. were traded at around $19.99.
