Richard Perry believes the credit cycle will take several years to resolve, and commercial real estate is just at its early stage of stress. He added to his equity positions. This is the update of his Q2 portfolio. Richard Perry owns 54 stocks with a total value of $1.4 billion.
Richard Perry buys Wyeth, LSI Corp., Deckers Outdoor Corp., VeriSign Inc., STEC Inc., ITT Educational Services Inc., BHP Billiton PLC, Ann Taylor Stores Corp., McDonald's Corp., Allied World Assurance Company Holdings, Atheros Communications Inc., E*TRADE Financial Corp., LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER, Transatlantic Holdings Inc., American Superconductor Corp., DreamWorks Animation SKG Inc., Myriad Pharmaceuticals Inc., Coinstar Inc., Netflix Inc., Allegheny Energy Inc., Panera Bread Company, IBERIABANK Corp., sells AllianceBernstein Holding L.P. Units, VALIDUS HOLDINGS LTD, UnitedHealth Group Inc., Sears Holdings Corp., RadioShack Corp., PartnerRe Ltd., DISH NETWORK CORPORATION CLASS A COMMON, Cisco Systems Inc., CIT Group Inc., Aspen Insurance Holdings Ltd., Western Digital Corp. during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Perry Capital. Richard Perry owns 54 stocks with a total value of $1.4 billion. These are the details of the buys and sells.
New Purchases: AMSC, ANN, ATHR, AWH, AYE, BBL, CSTR, DECK, DWA, ESI, ETFC, IBKC, LMDIA, LSI, MCD, MYRX, NFLX, PNRA, STEC, TRH, VRSN, WYE,
Added Positions: DELL, HS, HUM, LULU, MSFT, PTP,
Reduced Positions: SIGM,
Sold Out: AB, AHL, CIT, CSCO, DISH, PRE, RSH, SHLD, UNH, VR, WDC,
For the details of Richard Perry's stock buys and sells, go to the Link Here
This is the sector weightings of Richard Perry's portfolio:
These are the top 5 holdings of Richard Perry
Added: Humana Inc. (HUM, Financial)
Richard Perry added to his holdings in Humana Inc. by 46.35%. His purchase prices were between $27.36 and $32.62, with an estimated average price of $30.3. The impact to his portfolio due to this purchase was 1.99%. His holdings were 2,650,000 shares as of 06/30/2009. He wrote:
We also believe that our positions in the managed care sector represent compelling opportunities given the fears surrounding the new administration's potential healthcare reform policies. In our opinion the healthcare insurers will be key participants in the reform, and while these companies will clearly be impacted, the situation will not be nearly as dire as their stock prices reflected in March.
Humana Inc. is a health services company that facilitates the delivery of health care services through networks of providers to its medical members. The company's products are marketed primarily through health maintenance organizations and preferred provider organizations that encourage or require the use of contracted providers. The company also offers various specialty products to employers including dental group life and workers' compensation and administrative services to those who self-insure their employee health plans. Humana Inc. has a market cap of $5.92 billion; its shares were traded at around $34.91 with a P/E ratio of 6.4 and P/S ratio of 0.2. Humana Inc. had an annual average earning growth of 18.7% over the past 10 years. GuruFocus rated Humana Inc. the business predictability rank of 2-star.
Added: Dell Inc. (DELL, Financial)
Richard Perry added to his holdings in Dell Inc. by 22.73%. His purchase prices were between $10.76 and $13.68, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was 1.01%. His holdings were 5,400,000 shares as of 06/30/2009.
Richard Perry wrote:
At its lows in March, Dell was an $8 stock with roughly $4 in net cash per share. Based upon an aggressive cost-cutting program, we believed that the worst case EPS for 2009 would be higher than $1 which provided us with a large margin of safety on the investment. Our enthusiasm for the name was bolstered by the potential for a corporate hardware upgrade cycle with the launch of Microsoft’s new operating system this fall. Dell reported a strong first quarter and the stock traded up in June as the magnitude of the cost cutting activities became evident to the street.
Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell through its direct business model designs manufactures and customizes products and services to customer requirements and offers an extensive selection of software and peripherals. Dell Inc. has a market cap of $27.92 billion; its shares were traded at around $14.29 with a P/E ratio of 11.6 and P/S ratio of 0.4. Dell Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated Dell Inc. the business predictability rank of 3.5-star.
Added: Platinum Underwriters Holdings Ltd. (PTP, Financial)
Richard Perry added to his holdings in Platinum Underwriters Holdings Ltd. by 117.92%. His purchase prices were between $27.74 and $29.98, with an estimated average price of $28.9. The impact to his portfolio due to this purchase was 0.91%. His holdings were 805,758 shares as of 06/30/2009.
Platinum Underwriters Holdings Ltd. provides property and casualty reinsurance coverages to a diverse clientele on a worldwide basis. Platinum Underwriters Holdings Ltd. has a market cap of $1.79 billion; its shares were traded at around $35.04 with a P/E ratio of 11.3 and P/S ratio of 1.3. The dividend yield of Platinum Underwriters Holdings Ltd. stocks is 0.9%.
Added: Microsoft Corp. (MSFT, Financial)
Richard Perry added to his holdings in Microsoft Corp. by 36.36%. His purchase prices were between $19.08 and $24.07, with an estimated average price of $21. The impact to his portfolio due to this purchase was 0.7%. His holdings were 1,500,000 shares as of 06/30/2009.
Microsoft develops manufactures licenses and supports a wide range of software products for a multitude of computing devices. Microsoft software includes scalable operating systems for servers personal computers and intelligent devices; server applications for client/server environments; knowledge worker productivity applications; and software development tools. The Company's online efforts include the MSN network of Internet products and services and alliances with companies involved with broadband access and various forms of digital interactivity. Microsoft Corp. has a market cap of $210.21 billion; its shares were traded at around $23.62 with a P/E ratio of 13.9 and P/S ratio of 3.7. The dividend yield of Microsoft Corp. stocks is 2.2%. Microsoft Corp. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4-star.
Added: HealthSpring Inc. (HS, Financial)
Richard Perry added to his holdings in HealthSpring Inc. by 23.48%. His purchase prices were between $8.8 and $11.21, with an estimated average price of $9.8. The impact to his portfolio due to this purchase was 0.42%. His holdings were 2,800,000 shares as of 06/30/2009.
HealthSpring is an independent Tennessee-based managed care organization. HealthSpring provides a comprehensive portfolio of healthcare benefit plans to employers in Tennessee. It is also a Medicare Advantage organization with a Medicare contract providing plans for Medicare beneficiaries. It is dedicated to improving the health of the community and served by delivering the highest quality and greatest value in health care benefits and services. It manages both personal and company priorities. HealthSpring Inc. has a market cap of $777.7 million; its shares were traded at around $13.52 with a P/E ratio of 6.7 and P/S ratio of 0.4.
Added: lululemon athletica inc. (LULU, Financial)
Richard Perry added to his holdings in lululemon athletica inc. by 36.87%. His purchase prices were between $10.84 and $14.8, with an estimated average price of $13.3. The impact to his portfolio due to this purchase was 0.09%. His holdings were 371,250 shares as of 06/30/2009.
LULULEMON ATHLETICA is a yoga inspired athletic apparel company that creates components for people to live longer healthier and more fun lives. By producing products that help keep people active and stress free They believes that their world will be a better place. Setting the bar in technical fabrics and functional designs They works with yogis and athletes in local communities for continuous research and product feedback. lululemon athletica inc. has a market cap of $1.04 billion; its shares were traded at around $20.46 with a P/E ratio of 34.1 and P/S ratio of 2.9.
New Purchase: Wyeth (WYE, Financial)
Richard Perry initiated holdings in Wyeth. His purchase prices were between $41.55 and $44.74, with an estimated average price of $43.5. The impact to his portfolio due to this purchase was 7.45%. His holdings were 2,237,500 shares as of 06/30/2009.
Wyeth is one of the world's largest research-driven pharmaceutical and health care products companies. It is a leader in the discovery development manufacturing and marketing of pharmaceuticals vaccines biotechnology products and non-prescription medicines that improve the quality of life for people worldwide. The Company's major divisions include Wyeth Pharmaceuticals Wyeth Consumer Healthcare and Fort Dodge Animal Health. Wyeth has a market cap of $62.67 billion; its shares were traded at around $46.98 with a P/E ratio of 13.3 and P/S ratio of 2.8. The dividend yield of Wyeth stocks is 2.5%. Wyeth had an annual average earning growth of 5.8% over the past 10 years.
New Purchase: LSI Corp. (LSI, Financial)
Richard Perry initiated holdings in LSI Corp.. His purchase prices were between $3.79 and $4.88, with an estimated average price of $4.2. The impact to his portfolio due to this purchase was 2.42%. His holdings were 7,250,000 shares as of 06/30/2009.
LSI Corporation is a leading provider of innovative silicon systems and software technologies that enable products that seamlessly bring people information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs adapters systems and software that are trusted by the world's best known brands to power leading solutions in the Storage Networking and Consumer markets. LSI Corp. has a market cap of $3.26 billion; its shares were traded at around $5.02 with a P/E ratio of 50.2 and P/S ratio of 3.1.
New Purchase: Deckers Outdoor Corp. (DECK, Financial)
Richard Perry initiated holdings in Deckers Outdoor Corp.. His purchase prices were between $48.85 and $73.9, with an estimated average price of $61.7. The impact to his portfolio due to this purchase was 2.32%. His holdings were 450,000 shares as of 06/30/2009.
DECKERS OUTDOOR CORP. designs manufactures and markets innovative function-oriented footwear and apparel that have been developed for high-performance outdoor sports and other lifestyle related activities as well as for casual use. Deckers Outdoor Corp. has a market cap of $931.3 million; its shares were traded at around $71.01 with a P/E ratio of 9.7 and P/S ratio of 1.3. Deckers Outdoor Corp. had an annual average earning growth of 37.6% over the past 5 years.
New Purchase: VeriSign Inc. (VRSN, Financial)
Richard Perry initiated holdings in VeriSign Inc.. His purchase prices were between $18.59 and $24.26, with an estimated average price of $21.2. The impact to his portfolio due to this purchase was 2.31%. His holdings were 1,700,000 shares as of 06/30/2009.
VeriSign is one of the leading providers of trusted infrastructure services to website owners enterprises electronic commerce service providers and individuals. The company's domain name registration digital certificate global registry and payment services provide the critical web identity authentication and transaction infrastructure that online businesses need to establish their web identities and to conduct secure electronic commerce or e-commerce and communications. VeriSign Inc. has a market cap of $3.91 billion; its shares were traded at around $20.27 with a P/E ratio of 19.7 and P/S ratio of 4.1. VeriSign Inc. had an annual average earning growth of 2% over the past 5 years.
New Purchase: STEC Inc. (STEC, Financial)
Richard Perry initiated holdings in STEC Inc.. His purchase prices were between $8.22 and $24.2, with an estimated average price of $14.9. The impact to his portfolio due to this purchase was 2.13%. His holdings were 1,250,000 shares as of 06/30/2009.
Simple Technology is a technology solutions provider offering products based on dynamic random access memory or DRAM static randomaccess memory or SRAM and Flash memory technologies. The company designs manufactures and markets a comprehensive line of custom and standard memory and storage products as well as connectivity products that connect memory cards and hard drive upgrade kits to PCs. These products are used in high performance computing networking and communications consumer electronics and industrial applications. STEC Inc. has a market cap of $1.77 billion; its shares were traded at around $36.47 with a P/E ratio of 53.6 and P/S ratio of 7.8.
New Purchase: ITT Educational Services Inc. (ESI)
Richard Perry initiated holdings in ITT Educational Services Inc.. His purchase prices were between $91.73 and $108.67, with an estimated average price of $97.4. The impact to his portfolio due to this purchase was 2.03%. His holdings were 275,000 shares as of 06/30/2009.
ITT EDUCATIONAL SERVICES INC. is a leading proprietary provider of technical postsecondary degree programs in the United States based on student enrollment. The Co. offers associate's and bachelor's degree programs where authorized and to a lesser extent non-degree diploma programs to over 20000 students through a system of 54 ITT Technical Institutes located in 25 states. These programs are designed after consultation with employers to provide students with the knowledge and skills necessary for entry- level employment in technical positions in a variety of industries. ITT Educational Services Inc. has a market cap of $4.01 billion; its shares were traded at around $104.54 with a P/E ratio of 16.5 and P/S ratio of 3.9. ITT Educational Services Inc. had an annual average earning growth of 32.1% over the past 10 years. GuruFocus rated ITT Educational Services Inc. the business predictability rank of 5-star.
New Purchase: BHP Billiton PLC (BBL)
Richard Perry initiated holdings in BHP Billiton PLC. His purchase prices were between $41.82 and $50.42, with an estimated average price of $45.4. The impact to his portfolio due to this purchase was 1.85%. His holdings were 555,000 shares as of 06/30/2009.
Billiton is one of the world's major resource groups. It is one of the world's largest producers of aluminum the world's largest exporter of thermal coal and has a controlling interest in the world's leading integrated producer of ferrochrome and ferromanganese. The company also has a 50 percent interest in Richard Bay Minerals the world's largest producer of titanium dioxide slag. BHP Billiton PLC has a market cap of $59.98 billion; its shares were traded at around $53.77 with and P/S ratio of 1. The dividend yield of BHP Billiton PLC stocks is 3.1%. BHP Billiton PLC had an annual average earning growth of 93.3% over the past 5 years.
New Purchase: Ann Taylor Stores Corp. (ANN)
Richard Perry initiated holdings in Ann Taylor Stores Corp.. His purchase prices were between $6.77 and $8.17, with an estimated average price of $7.4. The impact to his portfolio due to this purchase was 1.58%. His holdings were 2,700,000 shares as of 06/30/2009.
AnnTaylor Stores is a national retailer of upscale women's clothing. Its stores offer a full range of apparel and accessories under the names Ann Taylor Ann Taylor Studio ATdenim and Ann Taylor Petites. The company targets college-educated women between the ages of 25 and 55 who areemployed in professional and managerial positions. Ann Taylor Stores Corp. has a market cap of $743.7 million; its shares were traded at around $12.7 with and P/S ratio of 0.3. Ann Taylor Stores Corp. had an annual average earning growth of 7.5% over the past 10 years. GuruFocus rated Ann Taylor Stores Corp. the business predictability rank of 3.5-star.
New Purchase: McDonald's Corp. (MCD)
Richard Perry initiated holdings in McDonald's Corp.. His purchase prices were between $51.97 and $59.87, with an estimated average price of $56.1. The impact to his portfolio due to this purchase was 1.05%. His holdings were 250,000 shares as of 06/30/2009.
McDonald's Corporation develops operates franchises and services a worldwide system of restaurants that prepare assemble package and sell a limited menu of value-priced foods. The company operates primarily in the quick-service hamburger restaurant business. All restaurants are operated by the company or under the terms of franchise arrangements by franchisees who are independent third parties or by affiliates operating under joint-venture agreements between the company and local business people. McDonald's Corp. has a market cap of $61.54 billion; its shares were traded at around $55.78 with a P/E ratio of 15 and P/S ratio of 2.6. The dividend yield of McDonald's Corp. stocks is 3.6%. McDonald's Corp. had an annual average earning growth of 7.2% over the past 10 years.
New Purchase: Allied World Assurance Company Holdings (AWH)
Richard Perry initiated holdings in Allied World Assurance Company Holdings. His purchase prices were between $35.82 and $40.45, with an estimated average price of $38.1. The impact to his portfolio due to this purchase was 0.74%. His holdings were 245,600 shares as of 06/30/2009.
Allied World Assurance Company Holdings Ltd is one of Bermuda's leading property and casualty insurers. The company through its operating subsidiaries offers property and casualty insurance and reinsurance on a worldwide basis. The principal operating subsidiaries of Allied World Assurance Company Holdings Ltd have A Excellent ratings from A.M. Best Company and A- ratings from Standard and Poor's. Allied World Assurance Company Holdings has a market cap of $2.25 billion; its shares were traded at around $45.47 with a P/E ratio of 4.8 and P/S ratio of 1.9. The dividend yield of Allied World Assurance Company Holdings stocks is 1.6%.
New Purchase: Atheros Communications Inc. (ATHR)
Richard Perry initiated holdings in Atheros Communications Inc.. His purchase prices were between $15.29 and $19.41, with an estimated average price of $17.3. The impact to his portfolio due to this purchase was 0.71%. His holdings were 500,000 shares as of 06/30/2009.
Atheros Communications Inc. develops semiconductor solutions for secure wireless local area networks. Atheros technology is being used by many wireless equipment manufacturers. Atheros Communications Inc. has a market cap of $1.51 billion; its shares were traded at around $24.72 with a P/E ratio of 117.7 and P/S ratio of 3.2.
New Purchase: LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER (LMDIA)
Richard Perry initiated holdings in LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER. His purchase prices were between $22.11 and $26.34, with an estimated average price of $24.4. The impact to his portfolio due to this purchase was 0.59%. His holdings were 300,000 shares as of 06/30/2009.
Liberty Media Corporation is a holding company which through its subsidiaries owns interests in a broad range of electronic retailing media communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group which includes Liberty's interests in QVC Provide Commerce Backcountry.com BUYSEASONS Bodybuilding.com IAC/InterActiveCorp and Expedia (2) the Liberty Entertainment group which includes Liberty's interests in The DIRECTV Group Inc. Starz Entertainment FUN Technologies Inc. GSN LLC WildBlue Communications Inc. and Liberty Sports Holdings LLC and (3) the Liberty Capital group which includes all businesses assets and liabilities not attributed to the Interactive group or the Entertainment group including its subsidiaries Starz Media LLC Atlanta National League Baseball Club Inc. and TruePosition Inc. and minority equity investments in Time Warner Inc. and Sprint Nextel Co LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER has a market cap of $13.83 billion; its shares were traded at around $27.97 .
New Purchase: E*TRADE Financial Corp. (ETFC)
Richard Perry initiated holdings in E*TRADE Financial Corp.. His purchase prices were between $1.26 and $2.58, with an estimated average price of $1.7. The impact to his portfolio due to this purchase was 0.59%. His holdings were 6,200,000 shares as of 06/30/2009.
The E*TRADE FINANCIAL family of companies provide financial services including brokerage banking and lending for retail corporate and institutional customers. Securities products and services are offered by E*TRADE Securities LLC (Member NASD/SIPC). Bank and lending products and services are offered by E*TRADE Bank a Federal savings bank Member FDIC or its subsidiaries. E*TRADE Financial Corp. has a market cap of $1.56 billion; its shares were traded at around $1.4 with and P/S ratio of 0.9. E*TRADE Financial Corp. had an annual average earning growth of 29.6% over the past 5 years.
New Purchase: Transatlantic Holdings Inc. (TRH)
Richard Perry initiated holdings in Transatlantic Holdings Inc.. His purchase prices were between $37.81 and $44.32, with an estimated average price of $41. The impact to his portfolio due to this purchase was 0.48%. His holdings were 150,000 shares as of 06/30/2009.
Transatlantic Holdings through its wholly-owned subsidiaries Transatlantic Reinsurance Company Trans Re Zurich and Putnam offers reinsurance capacity for a full range of property and casualty products on a treaty and facultative basis directly and through brokers to insurance and reinsurance companies in both the domestic and international markets. One or both of Transatlantic Reinsurance Company and Putnam is licensed accredited authorized or can serve as a reinsurer in U.S. Puerto Rico and Guam. Transatlantic Holdings Inc. has a market cap of $3.12 billion; its shares were traded at around $47 with a P/E ratio of 9.1 and P/S ratio of 0.7. The dividend yield of Transatlantic Holdings Inc. stocks is 1.7%.
New Purchase: American Superconductor Corp. (AMSC)
Richard Perry initiated holdings in American Superconductor Corp.. His purchase prices were between $19.15 and $27.83, with an estimated average price of $24.8. The impact to his portfolio due to this purchase was 0.43%. His holdings were 225,000 shares as of 06/30/2009.
American Superconductor Corporation is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor wires that dramatically improve the efficiency reliability and quality of electricity during its generation transmission distribution and use. The company is a dominant force in alternative energy offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world's principal supplier of HTS wire AMSC is enabling a new generation of compact high-power electrical products including power cables grid-level surge protectors motors generators and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity reliability and security as well as industrial productivity. American Superconductor Corp. has a market cap of $1.46 billion; its shares were traded at around $33.26 with and P/S ratio of 8.
New Purchase: DreamWorks Animation SKG Inc. (DWA)
Richard Perry initiated holdings in DreamWorks Animation SKG Inc.. His purchase prices were between $18.84 and $28.85, with an estimated average price of $24.7. The impact to his portfolio due to this purchase was 0.4%. His holdings were 200,000 shares as of 06/30/2009.
Dream Works Animation SKG Inc. develops and produces computer generated animated feature films for a broad movie-going audience. DreamWorks Animation SKG Inc. has a market cap of $2.75 billion; its shares were traded at around $31.43 with a P/E ratio of 17 and P/S ratio of 4.2.
New Purchase: Myriad Pharmaceuticals Inc. (MYRX)
Richard Perry initiated holdings in Myriad Pharmaceuticals Inc.. His purchase prices were between $4.57 and $7, with an estimated average price of $5.5. The impact to his portfolio due to this purchase was 0.29%. His holdings were 838,800 shares as of 06/30/2009.
Myriad Pharmaceuticals Inc. is a biopharmaceutical company focused on discovering developing and commercializing first-in-class/best-in-class products for the treatment of diseases with high unmet need such as cancer and HIV infection. The Company's product pipeline includes clinical and pre-clinical product candidates with distinct mechanisms of action and novel chemical structures that have the potential to be first-in-class and/or best-in-class therapeutics. Its product candidates in clinical development include Azixa (MPC-6827) for glioblastoma multiforme and metastatic melanoma; MPC-4326 for HIV-1 infection and MPC-3100 for cancer. The discovery and development of each of its drug candidates has been guided by a unique understanding of the genetic causes of human diseases the genetic factors that may cause drug side effects drug interactions and poor drug metabolism..
New Purchase: Coinstar Inc. (CSTR)
Richard Perry initiated holdings in Coinstar Inc.. His purchase prices were between $25.65 and $35.82, with an estimated average price of $30.7. The impact to his portfolio due to this purchase was 0.24%. His holdings were 125,000 shares as of 06/30/2009.
Coinstar Inc. operate a national network of self-service coin-counting machines in the U.S. the U.K. and Canada. The company's Coinstar coin-counting units provide consumers with a fun accurate and convenient means of converting accumulated change into cash. The Coinstar unit which is about the size of an ATM is highly accurate durable easy to use and easy to service. It accepts consumers' loose change and then prints out a voucher listing the total number by denomination and dollar value of the processed coins less our processing fee. Coinstar Inc. has a market cap of $1.07 billion; its shares were traded at around $35.29 with a P/E ratio of 50.4 and P/S ratio of 1.2. Coinstar Inc. had an annual average earning growth of 11.1% over the past 5 years.
New Purchase: Netflix Inc. (NFLX)
Richard Perry initiated holdings in Netflix Inc.. His purchase prices were between $37.84 and $48.83, with an estimated average price of $41.6. The impact to his portfolio due to this purchase was 0.23%. His holdings were 75,000 shares as of 06/30/2009.
Netflix Inc. is the largest online movie rental subscription service in the United States providing subscribers access to a comprehensive library of more than 18000 movie television and other filmed entertainment titles. The standard subscription plan allows subscribers to have three titles out at the same time with no due dates late fees or shipping charges for a monthly fee. Netflix Inc. has a market cap of $2.67 billion; its shares were traded at around $46.28 with a P/E ratio of 28.6 and P/S ratio of 1.9. Netflix Inc. had an annual average earning growth of 81.9% over the past 5 years.
New Purchase: Allegheny Energy Inc. (AYE)
Richard Perry initiated holdings in Allegheny Energy Inc.. His purchase prices were between $23.53 and $29.13, with an estimated average price of $26. The impact to his portfolio due to this purchase was 0.14%. His holdings were 77,000 shares as of 06/30/2009.
Allegheny Energy Inc. is a diversified utility holding company. They own directly and indirectly various regulated and non-regulated subsidiaries and have aligned its businesses into three principal business segments: regulated utility operations unregulated generation operations and other unregulated operations. Allegheny Energy Inc. has a market cap of $4.29 billion; its shares were traded at around $25.35 with a P/E ratio of 11.9 and P/S ratio of 1.2. The dividend yield of Allegheny Energy Inc. stocks is 2.4%. Allegheny Energy Inc. had an annual average earning growth of 46% over the past 5 years.
New Purchase: Panera Bread Company (PNRA)
Richard Perry initiated holdings in Panera Bread Company. His purchase prices were between $49.62 and $63.75, with an estimated average price of $54.2. The impact to his portfolio due to this purchase was 0.1%. His holdings were 27,825 shares as of 06/30/2009.
Panera Bread Company operates a retail bakery-cafe business and franchising business under the concept names Panera Bread Company and Saint Louis Bread Company. The concept specializes in high quality food for breakfast and lunch including fresh baked goods made-to-order sandwiches on freshly baked breads soups salads custom roasted coffees as well as other cafe beverages and targets suburban dwellers and workers by offering a premium specialty bakery and cafe experience with a neighborhood experience.> Panera Bread Company has a market cap of $1.68 billion; its shares were traded at around $54.09 with a P/E ratio of 21.2 and P/S ratio of 1.3. Panera Bread Company had an annual average earning growth of 20% over the past 5 years.
New Purchase: IBERIABANK Corp. (IBKC)
Richard Perry initiated holdings in IBERIABANK Corp.. His purchase prices were between $41.59 and $50.2, with an estimated average price of $45.4. The impact to his portfolio due to this purchase was 0.03%. His holdings were 10,000 shares as of 06/30/2009.
IBERIABANK Corporation is a commercial bank holding company. IBERIABANK Corp. has a market cap of $772.8 million; its shares were traded at around $48.2 with a P/E ratio of 20 and P/S ratio of 2.1. The dividend yield of IBERIABANK Corp. stocks is 2.8%. IBERIABANK Corp. had an annual average earning growth of 8.4% over the past 5 years.
Reduced: Sigma Designs Inc. (SIGM)
Richard Perry reduced to his holdings in Sigma Designs Inc. by 22.58%. His sale prices were between $12.13 and $17.21, with an estimated average price of $14.6. The impact to his portfolio due to this sale was -0.13%. Richard Perry still held 505,375 shares as of 06/30/2009.
Sigma Designs Inc designs manufactures (using subcontractors) and markets multimedia products for use with personal computers. Through theirREALmagic product line incorporating Moving Picture Experts Group (MPEG) technology they has become a leader in this emerging market. Sigma Designs Inc. has a market cap of $445.4 million; its shares were traded at around $16.74 with a P/E ratio of 21.7 and P/S ratio of 2.2.
Sold Out: CIT Group Inc. (CIT)
Richard Perry sold out his holdings in CIT Group Inc.. His sale prices were between $2.12 and $4.23, with an estimated average price of $3. The impact to his portfolio due to this sale was less than 0.01%.
CIT Group Inc. is a leading commercial and consumer finance company provides clients with financing and leasing products and advisory services. CIT Group Inc. has a market cap of $563.9 million; its shares were traded at around $1.45 with and P/S ratio of 0.1. CIT Group Inc. had an annual average earning growth of 27.2% over the past 5 years.
Sold Out: Western Digital Corp. (WDC)
Richard Perry sold out his holdings in Western Digital Corp.. His sale prices were between $21.16 and $26.75, with an estimated average price of $23.9. The impact to his portfolio due to this sale was less than 0.01%.
Western Digital Corp. designs develops manufactures and markets a broad line of hard drives featuring leading-edge technology. The company's hard drives are designed for the desktop PC market and the high-end hard drive market and recently for the emerging market for hard drives specially designed for audio-visual applications such as new video recording devices. The company sells its products worldwide to computer manufacturers for inclusion in their computer systems or subsystems and to distributors resellers and retailers. Western Digital Corp. has a market cap of $7.13 billion; its shares were traded at around $32.01 with a P/E ratio of 12.5 and P/S ratio of 1. Western Digital Corp. had an annual average earning growth of 55.8% over the past 5 years.
Sold Out: Aspen Insurance Holdings Ltd. (AHL)
Richard Perry sold out his holdings in Aspen Insurance Holdings Ltd.. His sale prices were between $20.87 and $24.26, with an estimated average price of $22.8. The impact to his portfolio due to this sale was less than 0.01%.
Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen's operations are conducted through its wholly-owned subsidiaries located in London Bermuda and the United States: Aspen Insurance UK Limited Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen Insurance Holdings Ltd. has a market cap of $2.06 billion; its shares were traded at around $24.8 with a P/E ratio of 17 and P/S ratio of 1.1. The dividend yield of Aspen Insurance Holdings Ltd. stocks is 2.5%.
Sold Out: VALIDUS HOLDINGS LTD (VR)
Richard Perry sold out his holdings in VALIDUS HOLDINGS LTD. His sale prices were between $21.28 and $23.96, with an estimated average price of $22.8. The impact to his portfolio due to this sale was less than 0.01%.
Validus Holdings Ltd. through its principal operating subsidiary Validus Reinsurance Ltd. is a global provider of short-tail lines of reinsurance including property catastrophe property pro-rata and property per risk marine and energy and other specialty lines. Validus was formed in December following the significant natural catastrophes of 2005 with an experienced management team and an unencumbered capital base of approximately $one billion. VALIDUS HOLDINGS LTD has a market cap of $1.93 billion; its shares were traded at around $25.34 with a P/E ratio of 10.5 and P/S ratio of 1.5. The dividend yield of VALIDUS HOLDINGS LTD stocks is 3.1%.
Sold Out: UnitedHealth Group Inc. (UNH)
Richard Perry sold out his holdings in UnitedHealth Group Inc.. His sale prices were between $22.97 and $28.87, with an estimated average price of $25.4. The impact to his portfolio due to this sale was less than 0.01%.
UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. The company's products and services reflect a number of core capabilities including medical information management health benefit administration care coordination risk assessment and pricing health benefit design and provider contracting. With these capabilities it is able to provide comprehensive health care management services through organized health systems and insurance products. UnitedHealth Group Inc. has a market cap of $33.75 billion; its shares were traded at around $28.37 with a P/E ratio of 9.3 and P/S ratio of 0.4. The dividend yield of UnitedHealth Group Inc. stocks is 0.1%. UnitedHealth Group Inc. had an annual average earning growth of 30.4% over the past 10 years. GuruFocus rated UnitedHealth Group Inc. the business predictability rank of 5-star.
Sold Out: DISH NETWORK CORPORATION CLASS A COMMON (DISH)
Richard Perry sold out his holdings in DISH NETWORK CORPORATION CLASS A COMMON. His sale prices were between $13.68 and $16.82, with an estimated average price of $15.2. The impact to his portfolio due to this sale was less than 0.01%.
DISH NETWORK CP offers satellite television products and services. The company operates three business units: The DISH Network - the direct broadcast satellite subscription television service in the United States. EchoStar Technologies Corporation division which is principally responsible for the design of digital set-top boxes or satellite receivers and the sale of set-top boxes to international operators. Satellite Services division provides video audio and data services to business television customers and other satellite users. DISH NETWORK CORPORATION CLASS A COMMON has a market cap of $8.04 billion; its shares were traded at around $17.99 with a P/E ratio of 8 and P/S ratio of 0.7.
Sold Out: Sears Holdings Corp. (SHLD)
Richard Perry sold out his holdings in Sears Holdings Corp.. His sale prices were between $49.87 and $69.47, with an estimated average price of $60.4. The impact to his portfolio due to this sale was less than 0.01%.
Sears Holdings Corporation the parent of Kmart and Sears Roebuck and Co. is the leading home appliance retailer in North America and is a retail sales leader in tools lawn and garden home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore Craftsman and DieHard and a broad apparel offering including such well-known labels as Lands' End Jaclyn Smith and Joe Boxer as well as the Apostrophe and Covington brands. Sears Holdings Corp. has a market cap of $9.4 billion; its shares were traded at around $78.37 with a P/E ratio of 29.7 and P/S ratio of 0.2. Sears Holdings Corp. had an annual average earning growth of 45% over the past 5 years.
Sold Out: RadioShack Corp. (RSH)
Richard Perry sold out his holdings in RadioShack Corp.. His sale prices were between $10.03 and $15.11, with an estimated average price of $13.1. The impact to his portfolio due to this sale was less than 0.01%.
RadioShack Corporation is one of the nation's largest and most trusted consumer electronics retailers in the United States and offers both on- and off-line shopping convenience. RadioShack sells more wireless telephones telecommunications products and electronic parts and accessories than any other retailer. It is estimated that 94 percent of Americans live or work within five minutes of a RadioShack store or dealer. (PRESS RELEASE) RadioShack Corp. has a market cap of $1.93 billion; its shares were traded at around $15.42 with a P/E ratio of 9.6 and P/S ratio of 0.5. The dividend yield of RadioShack Corp. stocks is 1.6%. RadioShack Corp. had an annual average earning growth of 3.6% over the past 10 years.
Sold Out: Cisco Systems Inc. (CSCO)
Richard Perry sold out his holdings in Cisco Systems Inc.. His sale prices were between $17.82 and $19.91, with an estimated average price of $18.7. The impact to his portfolio due to this sale was less than 0.01%.
Cisco Systems Inc. is the worldwide leader in networking for the Internet. Cisco's Internet Protocol-based networking solutions are the foundation of the Internet and most corporate education and government networks around the world. Cisco provides the broadest line of solutions for transporting data voice and video within buildings across campuses or around the world. Cisco Systems Inc. has a market cap of $124.07 billion; its shares were traded at around $21.51 with a P/E ratio of 18.6 and P/S ratio of 3.4. Cisco Systems Inc. had an annual average earning growth of 17.1% over the past 10 years.
Sold Out: PartnerRe Ltd. (PRE)
Richard Perry sold out his holdings in PartnerRe Ltd.. His sale prices were between $62.91 and $67.57, with an estimated average price of $65.8. The impact to his portfolio due to this sale was less than 0.01%.
PartnerRe Ltd. is a leading global reinsurer providing multi-line reinsurance to insurance companies. Risks reinsured include property casualty motor agriculture aviation/space catastrophe credit/surety engineering energy marine specialty property specialty casualty other lines life/annuity and health and alternative risk transfer solutions. PartnerRe Ltd. has a market cap of $4.16 billion; its shares were traded at around $73.48 with a P/E ratio of 8.2 and P/S ratio of 1. The dividend yield of PartnerRe Ltd. stocks is 2.6%.
Sold Out: AllianceBernstein Holding L.P. Units (AB)
Richard Perry sold out his holdings in AllianceBernstein Holding L.P. Units. His sale prices were between $15.91 and $22.06, with an estimated average price of $18.8. The impact to his portfolio due to this sale was less than 0.01%.
ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services primarily to pension funds endowments foreign financial institutions and to individual investors. AllianceBernstein Holding L.P. Units has a market cap of $2.01 billion; its shares were traded at around $21.85 with a P/E ratio of 14.6 and P/S ratio of 0.5. The dividend yield of AllianceBernstein Holding L.P. Units stocks is 7.5%. AllianceBernstein Holding L.P. Units had an annual average earning growth of 23.8% over the past 10 years. GuruFocus rated AllianceBernstein Holding L.P. Units the business predictability rank of 2-star.
Richard Perry buys Wyeth, LSI Corp., Deckers Outdoor Corp., VeriSign Inc., STEC Inc., ITT Educational Services Inc., BHP Billiton PLC, Ann Taylor Stores Corp., McDonald's Corp., Allied World Assurance Company Holdings, Atheros Communications Inc., E*TRADE Financial Corp., LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER, Transatlantic Holdings Inc., American Superconductor Corp., DreamWorks Animation SKG Inc., Myriad Pharmaceuticals Inc., Coinstar Inc., Netflix Inc., Allegheny Energy Inc., Panera Bread Company, IBERIABANK Corp., sells AllianceBernstein Holding L.P. Units, VALIDUS HOLDINGS LTD, UnitedHealth Group Inc., Sears Holdings Corp., RadioShack Corp., PartnerRe Ltd., DISH NETWORK CORPORATION CLASS A COMMON, Cisco Systems Inc., CIT Group Inc., Aspen Insurance Holdings Ltd., Western Digital Corp. during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Perry Capital. Richard Perry owns 54 stocks with a total value of $1.4 billion. These are the details of the buys and sells.
New Purchases: AMSC, ANN, ATHR, AWH, AYE, BBL, CSTR, DECK, DWA, ESI, ETFC, IBKC, LMDIA, LSI, MCD, MYRX, NFLX, PNRA, STEC, TRH, VRSN, WYE,
Added Positions: DELL, HS, HUM, LULU, MSFT, PTP,
Reduced Positions: SIGM,
Sold Out: AB, AHL, CIT, CSCO, DISH, PRE, RSH, SHLD, UNH, VR, WDC,
For the details of Richard Perry's stock buys and sells, go to the Link Here
This is the sector weightings of Richard Perry's portfolio:
| Technology |  27.5% |
|---|---|
| Financials | 28.3% |
| Utilities | 0.1% |
| Consumer Services | 6% |
| Health Care | 18.6% |
| Consumer Goods | 2.8% |
| Industrials | 3% |
| Basic Materials | 1.9% |
These are the top 5 holdings of Richard Perry
- Endurance Specialty Holdings Ltd. (ENH) - 7,141,146 shares, 15.35% of the total portfolio
- Wyeth (WYE) - 2,237,500 shares, 7.45% of the total portfolio
- Humana Inc. (HUM) - 2,650,000 shares, 6.27% of the total portfolio
- Dell Inc. (DELL) - 5,400,000 shares, 5.44% of the total portfolio
- Universal American Financial Corp. (UAM) - 6,811,233 shares, 4.36% of the total portfolio
Added: Humana Inc. (HUM, Financial)
Richard Perry added to his holdings in Humana Inc. by 46.35%. His purchase prices were between $27.36 and $32.62, with an estimated average price of $30.3. The impact to his portfolio due to this purchase was 1.99%. His holdings were 2,650,000 shares as of 06/30/2009. He wrote:
We also believe that our positions in the managed care sector represent compelling opportunities given the fears surrounding the new administration's potential healthcare reform policies. In our opinion the healthcare insurers will be key participants in the reform, and while these companies will clearly be impacted, the situation will not be nearly as dire as their stock prices reflected in March.
Humana Inc. is a health services company that facilitates the delivery of health care services through networks of providers to its medical members. The company's products are marketed primarily through health maintenance organizations and preferred provider organizations that encourage or require the use of contracted providers. The company also offers various specialty products to employers including dental group life and workers' compensation and administrative services to those who self-insure their employee health plans. Humana Inc. has a market cap of $5.92 billion; its shares were traded at around $34.91 with a P/E ratio of 6.4 and P/S ratio of 0.2. Humana Inc. had an annual average earning growth of 18.7% over the past 10 years. GuruFocus rated Humana Inc. the business predictability rank of 2-star.
Added: Dell Inc. (DELL, Financial)
Richard Perry added to his holdings in Dell Inc. by 22.73%. His purchase prices were between $10.76 and $13.68, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was 1.01%. His holdings were 5,400,000 shares as of 06/30/2009.
Richard Perry wrote:
At its lows in March, Dell was an $8 stock with roughly $4 in net cash per share. Based upon an aggressive cost-cutting program, we believed that the worst case EPS for 2009 would be higher than $1 which provided us with a large margin of safety on the investment. Our enthusiasm for the name was bolstered by the potential for a corporate hardware upgrade cycle with the launch of Microsoft’s new operating system this fall. Dell reported a strong first quarter and the stock traded up in June as the magnitude of the cost cutting activities became evident to the street.
Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell through its direct business model designs manufactures and customizes products and services to customer requirements and offers an extensive selection of software and peripherals. Dell Inc. has a market cap of $27.92 billion; its shares were traded at around $14.29 with a P/E ratio of 11.6 and P/S ratio of 0.4. Dell Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated Dell Inc. the business predictability rank of 3.5-star.
Added: Platinum Underwriters Holdings Ltd. (PTP, Financial)
Richard Perry added to his holdings in Platinum Underwriters Holdings Ltd. by 117.92%. His purchase prices were between $27.74 and $29.98, with an estimated average price of $28.9. The impact to his portfolio due to this purchase was 0.91%. His holdings were 805,758 shares as of 06/30/2009.
Platinum Underwriters Holdings Ltd. provides property and casualty reinsurance coverages to a diverse clientele on a worldwide basis. Platinum Underwriters Holdings Ltd. has a market cap of $1.79 billion; its shares were traded at around $35.04 with a P/E ratio of 11.3 and P/S ratio of 1.3. The dividend yield of Platinum Underwriters Holdings Ltd. stocks is 0.9%.
Added: Microsoft Corp. (MSFT, Financial)
Richard Perry added to his holdings in Microsoft Corp. by 36.36%. His purchase prices were between $19.08 and $24.07, with an estimated average price of $21. The impact to his portfolio due to this purchase was 0.7%. His holdings were 1,500,000 shares as of 06/30/2009.
Microsoft develops manufactures licenses and supports a wide range of software products for a multitude of computing devices. Microsoft software includes scalable operating systems for servers personal computers and intelligent devices; server applications for client/server environments; knowledge worker productivity applications; and software development tools. The Company's online efforts include the MSN network of Internet products and services and alliances with companies involved with broadband access and various forms of digital interactivity. Microsoft Corp. has a market cap of $210.21 billion; its shares were traded at around $23.62 with a P/E ratio of 13.9 and P/S ratio of 3.7. The dividend yield of Microsoft Corp. stocks is 2.2%. Microsoft Corp. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4-star.
Added: HealthSpring Inc. (HS, Financial)
Richard Perry added to his holdings in HealthSpring Inc. by 23.48%. His purchase prices were between $8.8 and $11.21, with an estimated average price of $9.8. The impact to his portfolio due to this purchase was 0.42%. His holdings were 2,800,000 shares as of 06/30/2009.
HealthSpring is an independent Tennessee-based managed care organization. HealthSpring provides a comprehensive portfolio of healthcare benefit plans to employers in Tennessee. It is also a Medicare Advantage organization with a Medicare contract providing plans for Medicare beneficiaries. It is dedicated to improving the health of the community and served by delivering the highest quality and greatest value in health care benefits and services. It manages both personal and company priorities. HealthSpring Inc. has a market cap of $777.7 million; its shares were traded at around $13.52 with a P/E ratio of 6.7 and P/S ratio of 0.4.
Added: lululemon athletica inc. (LULU, Financial)
Richard Perry added to his holdings in lululemon athletica inc. by 36.87%. His purchase prices were between $10.84 and $14.8, with an estimated average price of $13.3. The impact to his portfolio due to this purchase was 0.09%. His holdings were 371,250 shares as of 06/30/2009.
LULULEMON ATHLETICA is a yoga inspired athletic apparel company that creates components for people to live longer healthier and more fun lives. By producing products that help keep people active and stress free They believes that their world will be a better place. Setting the bar in technical fabrics and functional designs They works with yogis and athletes in local communities for continuous research and product feedback. lululemon athletica inc. has a market cap of $1.04 billion; its shares were traded at around $20.46 with a P/E ratio of 34.1 and P/S ratio of 2.9.
New Purchase: Wyeth (WYE, Financial)
Richard Perry initiated holdings in Wyeth. His purchase prices were between $41.55 and $44.74, with an estimated average price of $43.5. The impact to his portfolio due to this purchase was 7.45%. His holdings were 2,237,500 shares as of 06/30/2009.
Wyeth is one of the world's largest research-driven pharmaceutical and health care products companies. It is a leader in the discovery development manufacturing and marketing of pharmaceuticals vaccines biotechnology products and non-prescription medicines that improve the quality of life for people worldwide. The Company's major divisions include Wyeth Pharmaceuticals Wyeth Consumer Healthcare and Fort Dodge Animal Health. Wyeth has a market cap of $62.67 billion; its shares were traded at around $46.98 with a P/E ratio of 13.3 and P/S ratio of 2.8. The dividend yield of Wyeth stocks is 2.5%. Wyeth had an annual average earning growth of 5.8% over the past 10 years.
New Purchase: LSI Corp. (LSI, Financial)
Richard Perry initiated holdings in LSI Corp.. His purchase prices were between $3.79 and $4.88, with an estimated average price of $4.2. The impact to his portfolio due to this purchase was 2.42%. His holdings were 7,250,000 shares as of 06/30/2009.
LSI Corporation is a leading provider of innovative silicon systems and software technologies that enable products that seamlessly bring people information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs adapters systems and software that are trusted by the world's best known brands to power leading solutions in the Storage Networking and Consumer markets. LSI Corp. has a market cap of $3.26 billion; its shares were traded at around $5.02 with a P/E ratio of 50.2 and P/S ratio of 3.1.
New Purchase: Deckers Outdoor Corp. (DECK, Financial)
Richard Perry initiated holdings in Deckers Outdoor Corp.. His purchase prices were between $48.85 and $73.9, with an estimated average price of $61.7. The impact to his portfolio due to this purchase was 2.32%. His holdings were 450,000 shares as of 06/30/2009.
DECKERS OUTDOOR CORP. designs manufactures and markets innovative function-oriented footwear and apparel that have been developed for high-performance outdoor sports and other lifestyle related activities as well as for casual use. Deckers Outdoor Corp. has a market cap of $931.3 million; its shares were traded at around $71.01 with a P/E ratio of 9.7 and P/S ratio of 1.3. Deckers Outdoor Corp. had an annual average earning growth of 37.6% over the past 5 years.
New Purchase: VeriSign Inc. (VRSN, Financial)
Richard Perry initiated holdings in VeriSign Inc.. His purchase prices were between $18.59 and $24.26, with an estimated average price of $21.2. The impact to his portfolio due to this purchase was 2.31%. His holdings were 1,700,000 shares as of 06/30/2009.
VeriSign is one of the leading providers of trusted infrastructure services to website owners enterprises electronic commerce service providers and individuals. The company's domain name registration digital certificate global registry and payment services provide the critical web identity authentication and transaction infrastructure that online businesses need to establish their web identities and to conduct secure electronic commerce or e-commerce and communications. VeriSign Inc. has a market cap of $3.91 billion; its shares were traded at around $20.27 with a P/E ratio of 19.7 and P/S ratio of 4.1. VeriSign Inc. had an annual average earning growth of 2% over the past 5 years.
New Purchase: STEC Inc. (STEC, Financial)
Richard Perry initiated holdings in STEC Inc.. His purchase prices were between $8.22 and $24.2, with an estimated average price of $14.9. The impact to his portfolio due to this purchase was 2.13%. His holdings were 1,250,000 shares as of 06/30/2009.
Simple Technology is a technology solutions provider offering products based on dynamic random access memory or DRAM static randomaccess memory or SRAM and Flash memory technologies. The company designs manufactures and markets a comprehensive line of custom and standard memory and storage products as well as connectivity products that connect memory cards and hard drive upgrade kits to PCs. These products are used in high performance computing networking and communications consumer electronics and industrial applications. STEC Inc. has a market cap of $1.77 billion; its shares were traded at around $36.47 with a P/E ratio of 53.6 and P/S ratio of 7.8.
New Purchase: ITT Educational Services Inc. (ESI)
Richard Perry initiated holdings in ITT Educational Services Inc.. His purchase prices were between $91.73 and $108.67, with an estimated average price of $97.4. The impact to his portfolio due to this purchase was 2.03%. His holdings were 275,000 shares as of 06/30/2009.
ITT EDUCATIONAL SERVICES INC. is a leading proprietary provider of technical postsecondary degree programs in the United States based on student enrollment. The Co. offers associate's and bachelor's degree programs where authorized and to a lesser extent non-degree diploma programs to over 20000 students through a system of 54 ITT Technical Institutes located in 25 states. These programs are designed after consultation with employers to provide students with the knowledge and skills necessary for entry- level employment in technical positions in a variety of industries. ITT Educational Services Inc. has a market cap of $4.01 billion; its shares were traded at around $104.54 with a P/E ratio of 16.5 and P/S ratio of 3.9. ITT Educational Services Inc. had an annual average earning growth of 32.1% over the past 10 years. GuruFocus rated ITT Educational Services Inc. the business predictability rank of 5-star.
New Purchase: BHP Billiton PLC (BBL)
Richard Perry initiated holdings in BHP Billiton PLC. His purchase prices were between $41.82 and $50.42, with an estimated average price of $45.4. The impact to his portfolio due to this purchase was 1.85%. His holdings were 555,000 shares as of 06/30/2009.
Billiton is one of the world's major resource groups. It is one of the world's largest producers of aluminum the world's largest exporter of thermal coal and has a controlling interest in the world's leading integrated producer of ferrochrome and ferromanganese. The company also has a 50 percent interest in Richard Bay Minerals the world's largest producer of titanium dioxide slag. BHP Billiton PLC has a market cap of $59.98 billion; its shares were traded at around $53.77 with and P/S ratio of 1. The dividend yield of BHP Billiton PLC stocks is 3.1%. BHP Billiton PLC had an annual average earning growth of 93.3% over the past 5 years.
New Purchase: Ann Taylor Stores Corp. (ANN)
Richard Perry initiated holdings in Ann Taylor Stores Corp.. His purchase prices were between $6.77 and $8.17, with an estimated average price of $7.4. The impact to his portfolio due to this purchase was 1.58%. His holdings were 2,700,000 shares as of 06/30/2009.
AnnTaylor Stores is a national retailer of upscale women's clothing. Its stores offer a full range of apparel and accessories under the names Ann Taylor Ann Taylor Studio ATdenim and Ann Taylor Petites. The company targets college-educated women between the ages of 25 and 55 who areemployed in professional and managerial positions. Ann Taylor Stores Corp. has a market cap of $743.7 million; its shares were traded at around $12.7 with and P/S ratio of 0.3. Ann Taylor Stores Corp. had an annual average earning growth of 7.5% over the past 10 years. GuruFocus rated Ann Taylor Stores Corp. the business predictability rank of 3.5-star.
New Purchase: McDonald's Corp. (MCD)
Richard Perry initiated holdings in McDonald's Corp.. His purchase prices were between $51.97 and $59.87, with an estimated average price of $56.1. The impact to his portfolio due to this purchase was 1.05%. His holdings were 250,000 shares as of 06/30/2009.
McDonald's Corporation develops operates franchises and services a worldwide system of restaurants that prepare assemble package and sell a limited menu of value-priced foods. The company operates primarily in the quick-service hamburger restaurant business. All restaurants are operated by the company or under the terms of franchise arrangements by franchisees who are independent third parties or by affiliates operating under joint-venture agreements between the company and local business people. McDonald's Corp. has a market cap of $61.54 billion; its shares were traded at around $55.78 with a P/E ratio of 15 and P/S ratio of 2.6. The dividend yield of McDonald's Corp. stocks is 3.6%. McDonald's Corp. had an annual average earning growth of 7.2% over the past 10 years.
New Purchase: Allied World Assurance Company Holdings (AWH)
Richard Perry initiated holdings in Allied World Assurance Company Holdings. His purchase prices were between $35.82 and $40.45, with an estimated average price of $38.1. The impact to his portfolio due to this purchase was 0.74%. His holdings were 245,600 shares as of 06/30/2009.
Allied World Assurance Company Holdings Ltd is one of Bermuda's leading property and casualty insurers. The company through its operating subsidiaries offers property and casualty insurance and reinsurance on a worldwide basis. The principal operating subsidiaries of Allied World Assurance Company Holdings Ltd have A Excellent ratings from A.M. Best Company and A- ratings from Standard and Poor's. Allied World Assurance Company Holdings has a market cap of $2.25 billion; its shares were traded at around $45.47 with a P/E ratio of 4.8 and P/S ratio of 1.9. The dividend yield of Allied World Assurance Company Holdings stocks is 1.6%.
New Purchase: Atheros Communications Inc. (ATHR)
Richard Perry initiated holdings in Atheros Communications Inc.. His purchase prices were between $15.29 and $19.41, with an estimated average price of $17.3. The impact to his portfolio due to this purchase was 0.71%. His holdings were 500,000 shares as of 06/30/2009.
Atheros Communications Inc. develops semiconductor solutions for secure wireless local area networks. Atheros technology is being used by many wireless equipment manufacturers. Atheros Communications Inc. has a market cap of $1.51 billion; its shares were traded at around $24.72 with a P/E ratio of 117.7 and P/S ratio of 3.2.
New Purchase: LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER (LMDIA)
Richard Perry initiated holdings in LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER. His purchase prices were between $22.11 and $26.34, with an estimated average price of $24.4. The impact to his portfolio due to this purchase was 0.59%. His holdings were 300,000 shares as of 06/30/2009.
Liberty Media Corporation is a holding company which through its subsidiaries owns interests in a broad range of electronic retailing media communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group which includes Liberty's interests in QVC Provide Commerce Backcountry.com BUYSEASONS Bodybuilding.com IAC/InterActiveCorp and Expedia (2) the Liberty Entertainment group which includes Liberty's interests in The DIRECTV Group Inc. Starz Entertainment FUN Technologies Inc. GSN LLC WildBlue Communications Inc. and Liberty Sports Holdings LLC and (3) the Liberty Capital group which includes all businesses assets and liabilities not attributed to the Interactive group or the Entertainment group including its subsidiaries Starz Media LLC Atlanta National League Baseball Club Inc. and TruePosition Inc. and minority equity investments in Time Warner Inc. and Sprint Nextel Co LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER has a market cap of $13.83 billion; its shares were traded at around $27.97 .
New Purchase: E*TRADE Financial Corp. (ETFC)
Richard Perry initiated holdings in E*TRADE Financial Corp.. His purchase prices were between $1.26 and $2.58, with an estimated average price of $1.7. The impact to his portfolio due to this purchase was 0.59%. His holdings were 6,200,000 shares as of 06/30/2009.
The E*TRADE FINANCIAL family of companies provide financial services including brokerage banking and lending for retail corporate and institutional customers. Securities products and services are offered by E*TRADE Securities LLC (Member NASD/SIPC). Bank and lending products and services are offered by E*TRADE Bank a Federal savings bank Member FDIC or its subsidiaries. E*TRADE Financial Corp. has a market cap of $1.56 billion; its shares were traded at around $1.4 with and P/S ratio of 0.9. E*TRADE Financial Corp. had an annual average earning growth of 29.6% over the past 5 years.
New Purchase: Transatlantic Holdings Inc. (TRH)
Richard Perry initiated holdings in Transatlantic Holdings Inc.. His purchase prices were between $37.81 and $44.32, with an estimated average price of $41. The impact to his portfolio due to this purchase was 0.48%. His holdings were 150,000 shares as of 06/30/2009.
Transatlantic Holdings through its wholly-owned subsidiaries Transatlantic Reinsurance Company Trans Re Zurich and Putnam offers reinsurance capacity for a full range of property and casualty products on a treaty and facultative basis directly and through brokers to insurance and reinsurance companies in both the domestic and international markets. One or both of Transatlantic Reinsurance Company and Putnam is licensed accredited authorized or can serve as a reinsurer in U.S. Puerto Rico and Guam. Transatlantic Holdings Inc. has a market cap of $3.12 billion; its shares were traded at around $47 with a P/E ratio of 9.1 and P/S ratio of 0.7. The dividend yield of Transatlantic Holdings Inc. stocks is 1.7%.
New Purchase: American Superconductor Corp. (AMSC)
Richard Perry initiated holdings in American Superconductor Corp.. His purchase prices were between $19.15 and $27.83, with an estimated average price of $24.8. The impact to his portfolio due to this purchase was 0.43%. His holdings were 225,000 shares as of 06/30/2009.
American Superconductor Corporation is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor wires that dramatically improve the efficiency reliability and quality of electricity during its generation transmission distribution and use. The company is a dominant force in alternative energy offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world's principal supplier of HTS wire AMSC is enabling a new generation of compact high-power electrical products including power cables grid-level surge protectors motors generators and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity reliability and security as well as industrial productivity. American Superconductor Corp. has a market cap of $1.46 billion; its shares were traded at around $33.26 with and P/S ratio of 8.
New Purchase: DreamWorks Animation SKG Inc. (DWA)
Richard Perry initiated holdings in DreamWorks Animation SKG Inc.. His purchase prices were between $18.84 and $28.85, with an estimated average price of $24.7. The impact to his portfolio due to this purchase was 0.4%. His holdings were 200,000 shares as of 06/30/2009.
Dream Works Animation SKG Inc. develops and produces computer generated animated feature films for a broad movie-going audience. DreamWorks Animation SKG Inc. has a market cap of $2.75 billion; its shares were traded at around $31.43 with a P/E ratio of 17 and P/S ratio of 4.2.
New Purchase: Myriad Pharmaceuticals Inc. (MYRX)
Richard Perry initiated holdings in Myriad Pharmaceuticals Inc.. His purchase prices were between $4.57 and $7, with an estimated average price of $5.5. The impact to his portfolio due to this purchase was 0.29%. His holdings were 838,800 shares as of 06/30/2009.
Myriad Pharmaceuticals Inc. is a biopharmaceutical company focused on discovering developing and commercializing first-in-class/best-in-class products for the treatment of diseases with high unmet need such as cancer and HIV infection. The Company's product pipeline includes clinical and pre-clinical product candidates with distinct mechanisms of action and novel chemical structures that have the potential to be first-in-class and/or best-in-class therapeutics. Its product candidates in clinical development include Azixa (MPC-6827) for glioblastoma multiforme and metastatic melanoma; MPC-4326 for HIV-1 infection and MPC-3100 for cancer. The discovery and development of each of its drug candidates has been guided by a unique understanding of the genetic causes of human diseases the genetic factors that may cause drug side effects drug interactions and poor drug metabolism..
New Purchase: Coinstar Inc. (CSTR)
Richard Perry initiated holdings in Coinstar Inc.. His purchase prices were between $25.65 and $35.82, with an estimated average price of $30.7. The impact to his portfolio due to this purchase was 0.24%. His holdings were 125,000 shares as of 06/30/2009.
Coinstar Inc. operate a national network of self-service coin-counting machines in the U.S. the U.K. and Canada. The company's Coinstar coin-counting units provide consumers with a fun accurate and convenient means of converting accumulated change into cash. The Coinstar unit which is about the size of an ATM is highly accurate durable easy to use and easy to service. It accepts consumers' loose change and then prints out a voucher listing the total number by denomination and dollar value of the processed coins less our processing fee. Coinstar Inc. has a market cap of $1.07 billion; its shares were traded at around $35.29 with a P/E ratio of 50.4 and P/S ratio of 1.2. Coinstar Inc. had an annual average earning growth of 11.1% over the past 5 years.
New Purchase: Netflix Inc. (NFLX)
Richard Perry initiated holdings in Netflix Inc.. His purchase prices were between $37.84 and $48.83, with an estimated average price of $41.6. The impact to his portfolio due to this purchase was 0.23%. His holdings were 75,000 shares as of 06/30/2009.
Netflix Inc. is the largest online movie rental subscription service in the United States providing subscribers access to a comprehensive library of more than 18000 movie television and other filmed entertainment titles. The standard subscription plan allows subscribers to have three titles out at the same time with no due dates late fees or shipping charges for a monthly fee. Netflix Inc. has a market cap of $2.67 billion; its shares were traded at around $46.28 with a P/E ratio of 28.6 and P/S ratio of 1.9. Netflix Inc. had an annual average earning growth of 81.9% over the past 5 years.
New Purchase: Allegheny Energy Inc. (AYE)
Richard Perry initiated holdings in Allegheny Energy Inc.. His purchase prices were between $23.53 and $29.13, with an estimated average price of $26. The impact to his portfolio due to this purchase was 0.14%. His holdings were 77,000 shares as of 06/30/2009.
Allegheny Energy Inc. is a diversified utility holding company. They own directly and indirectly various regulated and non-regulated subsidiaries and have aligned its businesses into three principal business segments: regulated utility operations unregulated generation operations and other unregulated operations. Allegheny Energy Inc. has a market cap of $4.29 billion; its shares were traded at around $25.35 with a P/E ratio of 11.9 and P/S ratio of 1.2. The dividend yield of Allegheny Energy Inc. stocks is 2.4%. Allegheny Energy Inc. had an annual average earning growth of 46% over the past 5 years.
New Purchase: Panera Bread Company (PNRA)
Richard Perry initiated holdings in Panera Bread Company. His purchase prices were between $49.62 and $63.75, with an estimated average price of $54.2. The impact to his portfolio due to this purchase was 0.1%. His holdings were 27,825 shares as of 06/30/2009.
Panera Bread Company operates a retail bakery-cafe business and franchising business under the concept names Panera Bread Company and Saint Louis Bread Company. The concept specializes in high quality food for breakfast and lunch including fresh baked goods made-to-order sandwiches on freshly baked breads soups salads custom roasted coffees as well as other cafe beverages and targets suburban dwellers and workers by offering a premium specialty bakery and cafe experience with a neighborhood experience.> Panera Bread Company has a market cap of $1.68 billion; its shares were traded at around $54.09 with a P/E ratio of 21.2 and P/S ratio of 1.3. Panera Bread Company had an annual average earning growth of 20% over the past 5 years.
New Purchase: IBERIABANK Corp. (IBKC)
Richard Perry initiated holdings in IBERIABANK Corp.. His purchase prices were between $41.59 and $50.2, with an estimated average price of $45.4. The impact to his portfolio due to this purchase was 0.03%. His holdings were 10,000 shares as of 06/30/2009.
IBERIABANK Corporation is a commercial bank holding company. IBERIABANK Corp. has a market cap of $772.8 million; its shares were traded at around $48.2 with a P/E ratio of 20 and P/S ratio of 2.1. The dividend yield of IBERIABANK Corp. stocks is 2.8%. IBERIABANK Corp. had an annual average earning growth of 8.4% over the past 5 years.
Reduced: Sigma Designs Inc. (SIGM)
Richard Perry reduced to his holdings in Sigma Designs Inc. by 22.58%. His sale prices were between $12.13 and $17.21, with an estimated average price of $14.6. The impact to his portfolio due to this sale was -0.13%. Richard Perry still held 505,375 shares as of 06/30/2009.
Sigma Designs Inc designs manufactures (using subcontractors) and markets multimedia products for use with personal computers. Through theirREALmagic product line incorporating Moving Picture Experts Group (MPEG) technology they has become a leader in this emerging market. Sigma Designs Inc. has a market cap of $445.4 million; its shares were traded at around $16.74 with a P/E ratio of 21.7 and P/S ratio of 2.2.
Sold Out: CIT Group Inc. (CIT)
Richard Perry sold out his holdings in CIT Group Inc.. His sale prices were between $2.12 and $4.23, with an estimated average price of $3. The impact to his portfolio due to this sale was less than 0.01%.
CIT Group Inc. is a leading commercial and consumer finance company provides clients with financing and leasing products and advisory services. CIT Group Inc. has a market cap of $563.9 million; its shares were traded at around $1.45 with and P/S ratio of 0.1. CIT Group Inc. had an annual average earning growth of 27.2% over the past 5 years.
Sold Out: Western Digital Corp. (WDC)
Richard Perry sold out his holdings in Western Digital Corp.. His sale prices were between $21.16 and $26.75, with an estimated average price of $23.9. The impact to his portfolio due to this sale was less than 0.01%.
Western Digital Corp. designs develops manufactures and markets a broad line of hard drives featuring leading-edge technology. The company's hard drives are designed for the desktop PC market and the high-end hard drive market and recently for the emerging market for hard drives specially designed for audio-visual applications such as new video recording devices. The company sells its products worldwide to computer manufacturers for inclusion in their computer systems or subsystems and to distributors resellers and retailers. Western Digital Corp. has a market cap of $7.13 billion; its shares were traded at around $32.01 with a P/E ratio of 12.5 and P/S ratio of 1. Western Digital Corp. had an annual average earning growth of 55.8% over the past 5 years.
Sold Out: Aspen Insurance Holdings Ltd. (AHL)
Richard Perry sold out his holdings in Aspen Insurance Holdings Ltd.. His sale prices were between $20.87 and $24.26, with an estimated average price of $22.8. The impact to his portfolio due to this sale was less than 0.01%.
Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen's operations are conducted through its wholly-owned subsidiaries located in London Bermuda and the United States: Aspen Insurance UK Limited Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen Insurance Holdings Ltd. has a market cap of $2.06 billion; its shares were traded at around $24.8 with a P/E ratio of 17 and P/S ratio of 1.1. The dividend yield of Aspen Insurance Holdings Ltd. stocks is 2.5%.
Sold Out: VALIDUS HOLDINGS LTD (VR)
Richard Perry sold out his holdings in VALIDUS HOLDINGS LTD. His sale prices were between $21.28 and $23.96, with an estimated average price of $22.8. The impact to his portfolio due to this sale was less than 0.01%.
Validus Holdings Ltd. through its principal operating subsidiary Validus Reinsurance Ltd. is a global provider of short-tail lines of reinsurance including property catastrophe property pro-rata and property per risk marine and energy and other specialty lines. Validus was formed in December following the significant natural catastrophes of 2005 with an experienced management team and an unencumbered capital base of approximately $one billion. VALIDUS HOLDINGS LTD has a market cap of $1.93 billion; its shares were traded at around $25.34 with a P/E ratio of 10.5 and P/S ratio of 1.5. The dividend yield of VALIDUS HOLDINGS LTD stocks is 3.1%.
Sold Out: UnitedHealth Group Inc. (UNH)
Richard Perry sold out his holdings in UnitedHealth Group Inc.. His sale prices were between $22.97 and $28.87, with an estimated average price of $25.4. The impact to his portfolio due to this sale was less than 0.01%.
UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. The company's products and services reflect a number of core capabilities including medical information management health benefit administration care coordination risk assessment and pricing health benefit design and provider contracting. With these capabilities it is able to provide comprehensive health care management services through organized health systems and insurance products. UnitedHealth Group Inc. has a market cap of $33.75 billion; its shares were traded at around $28.37 with a P/E ratio of 9.3 and P/S ratio of 0.4. The dividend yield of UnitedHealth Group Inc. stocks is 0.1%. UnitedHealth Group Inc. had an annual average earning growth of 30.4% over the past 10 years. GuruFocus rated UnitedHealth Group Inc. the business predictability rank of 5-star.
Sold Out: DISH NETWORK CORPORATION CLASS A COMMON (DISH)
Richard Perry sold out his holdings in DISH NETWORK CORPORATION CLASS A COMMON. His sale prices were between $13.68 and $16.82, with an estimated average price of $15.2. The impact to his portfolio due to this sale was less than 0.01%.
DISH NETWORK CP offers satellite television products and services. The company operates three business units: The DISH Network - the direct broadcast satellite subscription television service in the United States. EchoStar Technologies Corporation division which is principally responsible for the design of digital set-top boxes or satellite receivers and the sale of set-top boxes to international operators. Satellite Services division provides video audio and data services to business television customers and other satellite users. DISH NETWORK CORPORATION CLASS A COMMON has a market cap of $8.04 billion; its shares were traded at around $17.99 with a P/E ratio of 8 and P/S ratio of 0.7.
Sold Out: Sears Holdings Corp. (SHLD)
Richard Perry sold out his holdings in Sears Holdings Corp.. His sale prices were between $49.87 and $69.47, with an estimated average price of $60.4. The impact to his portfolio due to this sale was less than 0.01%.
Sears Holdings Corporation the parent of Kmart and Sears Roebuck and Co. is the leading home appliance retailer in North America and is a retail sales leader in tools lawn and garden home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore Craftsman and DieHard and a broad apparel offering including such well-known labels as Lands' End Jaclyn Smith and Joe Boxer as well as the Apostrophe and Covington brands. Sears Holdings Corp. has a market cap of $9.4 billion; its shares were traded at around $78.37 with a P/E ratio of 29.7 and P/S ratio of 0.2. Sears Holdings Corp. had an annual average earning growth of 45% over the past 5 years.
Sold Out: RadioShack Corp. (RSH)
Richard Perry sold out his holdings in RadioShack Corp.. His sale prices were between $10.03 and $15.11, with an estimated average price of $13.1. The impact to his portfolio due to this sale was less than 0.01%.
RadioShack Corporation is one of the nation's largest and most trusted consumer electronics retailers in the United States and offers both on- and off-line shopping convenience. RadioShack sells more wireless telephones telecommunications products and electronic parts and accessories than any other retailer. It is estimated that 94 percent of Americans live or work within five minutes of a RadioShack store or dealer. (PRESS RELEASE) RadioShack Corp. has a market cap of $1.93 billion; its shares were traded at around $15.42 with a P/E ratio of 9.6 and P/S ratio of 0.5. The dividend yield of RadioShack Corp. stocks is 1.6%. RadioShack Corp. had an annual average earning growth of 3.6% over the past 10 years.
Sold Out: Cisco Systems Inc. (CSCO)
Richard Perry sold out his holdings in Cisco Systems Inc.. His sale prices were between $17.82 and $19.91, with an estimated average price of $18.7. The impact to his portfolio due to this sale was less than 0.01%.
Cisco Systems Inc. is the worldwide leader in networking for the Internet. Cisco's Internet Protocol-based networking solutions are the foundation of the Internet and most corporate education and government networks around the world. Cisco provides the broadest line of solutions for transporting data voice and video within buildings across campuses or around the world. Cisco Systems Inc. has a market cap of $124.07 billion; its shares were traded at around $21.51 with a P/E ratio of 18.6 and P/S ratio of 3.4. Cisco Systems Inc. had an annual average earning growth of 17.1% over the past 10 years.
Sold Out: PartnerRe Ltd. (PRE)
Richard Perry sold out his holdings in PartnerRe Ltd.. His sale prices were between $62.91 and $67.57, with an estimated average price of $65.8. The impact to his portfolio due to this sale was less than 0.01%.
PartnerRe Ltd. is a leading global reinsurer providing multi-line reinsurance to insurance companies. Risks reinsured include property casualty motor agriculture aviation/space catastrophe credit/surety engineering energy marine specialty property specialty casualty other lines life/annuity and health and alternative risk transfer solutions. PartnerRe Ltd. has a market cap of $4.16 billion; its shares were traded at around $73.48 with a P/E ratio of 8.2 and P/S ratio of 1. The dividend yield of PartnerRe Ltd. stocks is 2.6%.
Sold Out: AllianceBernstein Holding L.P. Units (AB)
Richard Perry sold out his holdings in AllianceBernstein Holding L.P. Units. His sale prices were between $15.91 and $22.06, with an estimated average price of $18.8. The impact to his portfolio due to this sale was less than 0.01%.
ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services primarily to pension funds endowments foreign financial institutions and to individual investors. AllianceBernstein Holding L.P. Units has a market cap of $2.01 billion; its shares were traded at around $21.85 with a P/E ratio of 14.6 and P/S ratio of 0.5. The dividend yield of AllianceBernstein Holding L.P. Units stocks is 7.5%. AllianceBernstein Holding L.P. Units had an annual average earning growth of 23.8% over the past 10 years. GuruFocus rated AllianceBernstein Holding L.P. Units the business predictability rank of 2-star.
