Included in the article are two video clips that worth watching. In the videos, Heebner discussed his current views on the economy and where he thinks the investment opportunities are. So make sure you read the article and watch the video.
These are the major investment movements Heebner made during the quarter ended on June 30, 2009:
No. 1: Ford Motor Company (F), Buy: 5.96% of the portfolio - Total: 59,963,000 Shares
Ford Motor makes one of Heebner’s top holdings.
Ford Motor Company produces cars and trucks. The company and its subsidiaries also engage in other businesses including manufacturing automotive components and systems and financing and renting vehicles and equipment. The company is divided up into the following four operating segments: Automotive Visteon Automotive Systems Ford Motor Credit Company and The Hertz Corporation. Ford Motor Company has a market cap of $23.81 billion; its shares were traded at around $7.39 with and P/S ratio of 0.2.
Heebner had a small position of 5.2 million shares in 3Q07 but has increased dramatically to 78.5 million shares in 2Q08. In recent quarters, he has been reducing shares in the companies. In 2Q09, he held almost 60 million shares.
No. 2: J.C. Penney Company Inc. (JCP), Buy: 4.05% of the portfolio - Total: 8,617,700 Shares
This is another one of Heebner top holdings.
JCPenney is one of America's leading retailers operating department stores throughout the United States and Puerto Rico as well as one of the largest apparel and home furnishing sites on the Internet jcp.com and the nation's largest general merchandise catalog business. Through these integrated channels JCPenney offers a wide array of national private and exclusive brands. J.c. Penney Company Inc. has a market cap of $7.57 billion; its shares were traded at around $32.12 with a P/E ratio of 20.1 and P/S ratio of 0.4. The dividend yield of J.c. Penney Company Inc. stocks is 2.5%. J.c. Penney Company Inc. had an annual average earning growth of 6.2% over the past 10 years.
Again, Heebner had a position (5.3 million shares) in JCP back in 2000. And again, he has been trading back and forth with this stock since them. Most recently, he increased his holdings to 8.6 million shares from 1.2 million shares in 2Q09.
No. 3: Google Inc. (GOOG), Buy: 3.98% of the portfolio - Total: 576,900 Shares
Google is a public and profitable company focused on search services. Named for the mathematical term `googol` Google operates web sites at many international domains with the most trafficked being www.google.com. Google is widely recognized as the `World's Best Search Engine` and is fast accurate and easy to use. The company also serves corporate clients including advertisers content publishers and site managers with cost-effective advertising and a wide range of revenue generating search services. Google's breakthrough technology and continued innovation serve the company's mission of `organizing the world's information and making it universally accessible and useful.` Google Inc. has a market cap of $150.41 billion; its shares were traded at around $475.12 with a P/E ratio of 25.7 and P/S ratio of 6.9.
Heebner bought 235,000 shares of GOOG in 2Q05 and held it steady until last quarter when he increased to 576,900 shaers.
No. 4: Bank of America Corp. (BAC), Buy: 3.99% of the portfolio - Total: 18,486,200 Shares
This is another one of Heebner top holdings.
Bank of America Corp. is one of the world's leading financial services companies. Bank of America provides individuals small businesses and commercial corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever wherever and however they choose. Bank Of America Corp. has a market cap of $146.99 billion; its shares were traded at around $16.99 with a P/E ratio of 30.3 and P/S ratio of 2. The dividend yield of Bank Of America Corp. stocks is 0.2%. Bank Of America Corp. had an annual average earning growth of 7.5% over the past 10 years.
Heebner had 8.2 million shares way back in 2Q1999, he has been trading in and out of this stock since then, and most recently, he increased his holding from less than one million shares to 15.6 million shares in 3Q09. In 2Q09, he increased further to 18.5 million shares. This is one of the stocks he bought too early.
No. 5: CME GROUP INC CL A (CME), Buy: 3.75% of the portfolio - Total: 735,800 Shares
Chicago Mercantile Exchange Holdings is the parent company of Chicago Mercantile Exchange Inc the largest futures exchange in the United States based on notional value trading volume and open interest. As an international marketplace CME brings together buyers and sellers on its trading floors and GLOBEX around-the-clock electronic trading platform. CME offers futures contracts and options on futures primarily in four product areas: interest rates stock indexes foreign exchange and commodities. Cme Group Inc Cl A has a market cap of $18.46 billion; its shares were traded at around $277.96 with a P/E ratio of 19.5 and P/S ratio of 7.2. The dividend yield of Cme Group Inc Cl A stocks is 1.7%.
The 735,800 share position is a new position for Heebner. He has not held any CME in recent history.
Concentrated trader and investor Ken Heebner turns over his portfolio frequently. Three of his top five purchases becomes his top holdings as of June 30, 2009.
GuruFocus provides real time information and insights of Investment Gurus such as W arren Buffett and Ken Heebner for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
About the author:
This article was republished and written by Nurseb911 at Triaging My Way To Financial Success. This site provides content on value and dividend investing while maintaining a focus on fundamental and security analysis for both new and established investors. You may email questions and comments to the author at nurseb911 [AT] gmail.com