Richard Snow had a bad 2008 because he invested heavily in financials. He is doing well this year for the same reason. He has been buying, bought a lot in the third quarter. This is the Q3 portfolio update of Snow Capital Management.
Richard Snow buys Safeway Inc., Eaton Corp., Lifepoint Hospitals Inc., Ingersollrand Company Ltd., Gamestop Corp., Microsoft Corp., Citigroup Inc., Key Energy Services Inc., Momenta Pharmaceuticals Inc., International Business Machines Corp, Johnson & Johnson, sells Chesapeake Energy Corp., Western Digital Corp. during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Snow Capital Management, L.P.. Richard Snow owns 91 stocks with a total value of $2.5 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Richard Snow
Richard Snow buys Safeway Inc., Eaton Corp., Lifepoint Hospitals Inc., Ingersollrand Company Ltd., Gamestop Corp., Microsoft Corp., Citigroup Inc., Key Energy Services Inc., Momenta Pharmaceuticals Inc., International Business Machines Corp, Johnson & Johnson, sells Chesapeake Energy Corp., Western Digital Corp. during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Snow Capital Management, L.P.. Richard Snow owns 91 stocks with a total value of $2.5 billion. These are the details of the buys and sells.
- New Purchases: C, ETN, GME, IBM, IR, JNJ, KEG, LPNT, MNTA, MSFT, SWY,
- Added Positions: AEO, ALL, COP, HIG, LOW, M, MW, NEM, OCR, PACR, PFE, PNC, PRU, PTEN, WCC,
- Reduced Positions: AHL, AXS, CBK, CHS, EAT, GS, HMA, NLY, RHB, SBUX, XL,
- Sold Out: CHK, WDC,
This is the sector weightings of his portfolio:
| Financials | 32.1% |
| Health Care | 17.9% |
| Oil & Gas | 15.4% |
| Consumer Services | 13.3% |
| Industrials | 12.7% |
| Basic Materials | 5% |
| Technology | 2.9% |
| Consumer Goods | 0.1% |
| Telecommunications | 0.1% |
These are the top 5 holdings of Richard Snow
- JPMorgan Chase & Co. (JPM) - 2,342,799 shares, 4.16% of the total portfolio
- Bank Of America Corp. (BAC) - 5,838,120 shares, 4% of the total portfolio
- Community Health Systems Inc. (CYH) - 2,899,605 shares, 3.75% of the total portfolio
- The Gap Inc. (GPS) - 4,174,102 shares, 3.62% of the total portfolio
- XL Capital Ltd (XL) - 4,938,666 shares, 3.49% of the total portfolio
