David Williams is the manager of Columbia Value & Restructuring Fund. Like Robert Rodriguez, he did not buy any new stocks. He sold some. He had a poor 2008, this year his fund has gained more than 36%. Since inception in 1982, his fund has gained more than 12% a year. These are his third quarter buys and sells.
David Williams sells CBS Corp., CIT Group Inc., Embraerempresa Brasileira De Aeronutica, Foundation Coal Holdings Inc., W&T Offshore Inc. during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Columbia Value and Restructuring Fund. David Williams owns 132 stocks with a total value of $6.5 billion. These are the details of the buys and sells.
For the details of David Williams's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=David+Williams
This is the sector weightings of David Williams's portfolio:
These are the top 5 holdings of David Williams
Alpha Natural Resources is a Central Appalachian coal producer that also has significant operations in Northern Appalachia. They produce process and sell steam and metallurgical coal from eight regional business units supported by active underground mines active surface mines and preparation plants located throughout Virginia West Virginia Kentucky Pennsylvania and Colorado. Alpha Natural Resources Inc. has a market cap of $2.43 billion; its shares were traded at around $38.17 with a P/E ratio of 16.58 and P/S ratio of 0.95.
General Maritime Corporation is a leading provider of international seaborne crude oil transportation services within the Atlantic basin. General Maritime Corp. has a market cap of $424.22 million; its shares were traded at around $8.11 with a P/E ratio of 4.95 and P/S ratio of 1.3. The dividend yield of General Maritime Corp. stocks is 27.29%.
Tower Group Inc operates through two subsidiaries Tower Insurance Company of New York a New York licensed property and casualty insurer and Tower Risk Management Corporation an insurance services provider. Tower offers property and casualty commercial and personal lines products and services in select markets not well served by other carriers. Tower Group Inc. has a market cap of $965.9 million; its shares were traded at around $24.41 with a P/E ratio of 7.52 and P/S ratio of 1.99. The dividend yield of Tower Group Inc. stocks is 1.17%.
Nokia is the world leader in mobile communications. Backed by its experience innovation user-friendliness and secure solutions the company has become the leading supplier of mobile phones and a leading supplier of mobile fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. Nokia Corp. has a market cap of $52.2 billion; its shares were traded at around $14.69 with a P/E ratio of 12.56 and P/S ratio of 0.7. The dividend yield of Nokia Corp. stocks is 2.82%. Nokia Corp. had an annual average earning growth of 12.1% over the past 10 years. GuruFocus rated Nokia Corp. the business predictability rank of 4.5-star.
CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry as well as newer businesses that operate on the leading edge of the media industry. The Company through its many and varied operations combines broad reach with well-positioned local businesses all of which provide it with an extensive distribution network by which it serves audiences and advertisers in states and key international markets. It has operations in virtually every field of media and entertainment including broadcast television (CBS and UPN) cable television (Showtime) local television (CBS Television Stations) television production and syndication (CBS Paramount Television and King World) radio (CBS Radio) advertising on out-of-home media (CBS Outdoor) publishing (Simon & Schuster) theme parks (Paramount Parks) digital media (CBS Digital Media Group and CSTV Networks) and consumer products (CBS Consumer Products). CBS Corp. has a market cap of $7.79 billion; its shares were traded at around $12.36 with a P/E ratio of 16.18 and P/S ratio of 0.56. The dividend yield of CBS Corp. stocks is 1.74%.
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 $458.74 million; its shares were traded at around $1.1 with and P/S ratio of 0.07. CIT Group Inc. had an annual average earning growth of 27.2% over the past 5 years.
Embraer Air is a customer-oriented company with experience in designing manufacturing selling and supporting aircraft for the world's commercial and defense markets. The company ranks among the four largest commercial aircraft manufacturers in the world with a well-established family of regional airliners ranging from the 30-seat EMB 120 Brasilia turboprop to the 37-seat ERJ 135 the new 44-seat ERJ 140 and the 50-seat ERJ 145 jetliners. In addition the company have launched a new family of jetliners - the ERJ 170 the ERJ 190-100 and ERJ 190-200. Embraerempresa Brasileira De Aeronutica has a market cap of $4.18 billion; its shares were traded at around $23.27 with a P/E ratio of 17.5 and P/S ratio of 0.66.
W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area including the deep water. They have grown through acquisition exploitation and exploration. W&T has grown through acquisition exploitation and exploration and now holds working interests in over two hundred fields in federal and state waters and a majority of its daily production is derived from wells it operates. W&t Offshore Inc. has a market cap of $849.42 million; its shares were traded at around $12.62 with and P/S ratio of 0.7. The dividend yield of W&t Offshore Inc. stocks is 1.08%.
David Williams sells CBS Corp., CIT Group Inc., Embraerempresa Brasileira De Aeronutica, Foundation Coal Holdings Inc., W&T Offshore Inc. during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Columbia Value and Restructuring Fund. David Williams owns 132 stocks with a total value of $6.5 billion. These are the details of the buys and sells.
For the details of David Williams's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=David+Williams
This is the sector weightings of David Williams's portfolio:
| Technology | 5.1% |
| Financials | 12.3% |
| Telecommunications | 4.2% |
| Consumer Services | 1.7% |
| Health Care | 8.3% |
| Consumer Goods | 7.9% |
| Industrials | 14.2% |
| Basic Materials | 10.8% |
| Oil & Gas | 15.5% |
These are the top 5 holdings of David Williams
- Petroleo Brasileiro S.A.Petrobras (PBR) - 7,470,000 shares, 5.29% of the total portfolio
- LORILLARD, INC (LO) - 3,800,000 shares, 4.36% of the total portfolio
- America Movil S.A.B. De C.V. (AMOV) - 5,380,000 shares, 3.64% of the total portfolio
- Union Pacific Corp. (UNP) - 3,660,000 shares, 3.3% of the total portfolio
- Alpha Natural Resources Inc. (ANR) - 5,900,000 shares, 3.2% of the total portfolio
Added: Alpha Natural Resources Inc. (ANR, Financial)
David Williams added to his holdings in Alpha Natural Resources Inc. by 47.5%. His purchase prices were between $22.79 and $39.46, with an estimated average price of $32.59. The impact to his portfolio due to this purchase was 1.03%. His holdings were 5,900,000 shares as of 09/30/2009.Alpha Natural Resources is a Central Appalachian coal producer that also has significant operations in Northern Appalachia. They produce process and sell steam and metallurgical coal from eight regional business units supported by active underground mines active surface mines and preparation plants located throughout Virginia West Virginia Kentucky Pennsylvania and Colorado. Alpha Natural Resources Inc. has a market cap of $2.43 billion; its shares were traded at around $38.17 with a P/E ratio of 16.58 and P/S ratio of 0.95.
Reduced: General Maritime Corp. (GMR, Financial)
David Williams reduced to his holdings in General Maritime Corp. by 42.5%. His sale prices were between $7.36 and $9.53, with an estimated average price of $8.32. The impact to his portfolio due to this sale was -0.03%. David Williams still held 575,000 shares as of 09/30/2009.General Maritime Corporation is a leading provider of international seaborne crude oil transportation services within the Atlantic basin. General Maritime Corp. has a market cap of $424.22 million; its shares were traded at around $8.11 with a P/E ratio of 4.95 and P/S ratio of 1.3. The dividend yield of General Maritime Corp. stocks is 27.29%.
Reduced: Tower Group Inc. (TWGP, Financial)
David Williams reduced to his holdings in Tower Group Inc. by 43.75%. His sale prices were between $23.02 and $26, with an estimated average price of $24.45. The impact to his portfolio due to this sale was -0.11%. David Williams still held 675,000 shares as of 09/30/2009.Tower Group Inc operates through two subsidiaries Tower Insurance Company of New York a New York licensed property and casualty insurer and Tower Risk Management Corporation an insurance services provider. Tower offers property and casualty commercial and personal lines products and services in select markets not well served by other carriers. Tower Group Inc. has a market cap of $965.9 million; its shares were traded at around $24.41 with a P/E ratio of 7.52 and P/S ratio of 1.99. The dividend yield of Tower Group Inc. stocks is 1.17%.
Reduced: Nokia Corp. (NOK, Financial)
David Williams reduced to his holdings in Nokia Corp. by 25%. His sale prices were between $12.25 and $15.75, with an estimated average price of $13.86. The impact to his portfolio due to this sale was -0.22%. David Williams still held 3,900,000 shares as of 09/30/2009.Nokia is the world leader in mobile communications. Backed by its experience innovation user-friendliness and secure solutions the company has become the leading supplier of mobile phones and a leading supplier of mobile fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. Nokia Corp. has a market cap of $52.2 billion; its shares were traded at around $14.69 with a P/E ratio of 12.56 and P/S ratio of 0.7. The dividend yield of Nokia Corp. stocks is 2.82%. Nokia Corp. had an annual average earning growth of 12.1% over the past 10 years. GuruFocus rated Nokia Corp. the business predictability rank of 4.5-star.
Sold Out: CBS Corp. (CBS, Financial)
David Williams sold out his holdings in CBS Corp.. His sale prices were between $5.78 and $12.65, with an estimated average price of $9.5.CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry as well as newer businesses that operate on the leading edge of the media industry. The Company through its many and varied operations combines broad reach with well-positioned local businesses all of which provide it with an extensive distribution network by which it serves audiences and advertisers in states and key international markets. It has operations in virtually every field of media and entertainment including broadcast television (CBS and UPN) cable television (Showtime) local television (CBS Television Stations) television production and syndication (CBS Paramount Television and King World) radio (CBS Radio) advertising on out-of-home media (CBS Outdoor) publishing (Simon & Schuster) theme parks (Paramount Parks) digital media (CBS Digital Media Group and CSTV Networks) and consumer products (CBS Consumer Products). CBS Corp. has a market cap of $7.79 billion; its shares were traded at around $12.36 with a P/E ratio of 16.18 and P/S ratio of 0.56. The dividend yield of CBS Corp. stocks is 1.74%.
Sold Out: CIT Group Inc. (CIT, Financial)
David Williams sold out his holdings in CIT Group Inc.. His sale prices were between $0.41 and $2.2, with an estimated average price of $1.38.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 $458.74 million; its shares were traded at around $1.1 with and P/S ratio of 0.07. CIT Group Inc. had an annual average earning growth of 27.2% over the past 5 years.
Sold Out: Embraerempresa Brasileira De Aeronutica (ERJ, Financial)
David Williams sold out his holdings in Embraerempresa Brasileira De Aeronutica. His sale prices were between $15.16 and $24.65, with an estimated average price of $20.58.Embraer Air is a customer-oriented company with experience in designing manufacturing selling and supporting aircraft for the world's commercial and defense markets. The company ranks among the four largest commercial aircraft manufacturers in the world with a well-established family of regional airliners ranging from the 30-seat EMB 120 Brasilia turboprop to the 37-seat ERJ 135 the new 44-seat ERJ 140 and the 50-seat ERJ 145 jetliners. In addition the company have launched a new family of jetliners - the ERJ 170 the ERJ 190-100 and ERJ 190-200. Embraerempresa Brasileira De Aeronutica has a market cap of $4.18 billion; its shares were traded at around $23.27 with a P/E ratio of 17.5 and P/S ratio of 0.66.
Sold Out: W&T Offshore Inc. (WTI, Financial)
David Williams sold out his holdings in W&T Offshore Inc.. His sale prices were between $7.95 and $12.26, with an estimated average price of $10.26.W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area including the deep water. They have grown through acquisition exploitation and exploration. W&T has grown through acquisition exploitation and exploration and now holds working interests in over two hundred fields in federal and state waters and a majority of its daily production is derived from wells it operates. W&t Offshore Inc. has a market cap of $849.42 million; its shares were traded at around $12.62 with and P/S ratio of 0.7. The dividend yield of W&t Offshore Inc. stocks is 1.08%.
