David Williams’ Columbia Value and Restructuring Fund gained 46% in 2009. It was a good year after a very bad year. Since inception, his fund averaged 12% a year. This is the Q4 portfolio update of his fund.
David Williams buys Banco Santander Central Hispano S.a., Dole Food Company Inc, Cloud Peak Energy, Citigroup Inc., Dollar General Corp., sells General Maritime Corp., Tower Group Inc. during the 3-months ended 12/31/2009, according to the most recent filings of his investment company, Columbia Value and Restructuring Fund. David Williams owns 0 stocks with a total value of $7 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 David Williams
Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil transportation and trading operations in Canada. Murphy Oil Corp. has a market cap of $10.69 billion; its shares were traded at around $56 with a P/E ratio of 19 and P/S ratio of 0.4. The dividend yield of Murphy Oil Corp. stocks is 1.8%. Murphy Oil Corp. had an annual average earning growth of 18.4% over the past 10 years. GuruFocus rated Murphy Oil Corp. the business predictability rank of 3.5-star.
Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. Banco Santander Central Hispano S.a. has a market cap of $131.96 billion; its shares were traded at around $16.18 with and P/S ratio of 1.1. The dividend yield of Banco Santander Central Hispano S.a. stocks is 5.4%. Banco Santander Central Hispano S.a. had an annual average earning growth of 35.8% over the past 10 years.
Dole Food Company's worldwide team of growers, packers, processors, shippers and employees is committed to consistently providing safe, high-quality fresh fruit, vegetables, and food products, while protecting the environment in which its products are grown and processed. Dole Food Company Inc has a market cap of $1.09 billion; its shares were traded at around $12.44 .
Cloud Peak Energy operates as a producer of low sulfur, high quality, sub-bituminous coal in the United States. The company is headquartered in Gillette, Wyoming. County Of San Diego California has a market cap of $511.6 million; its shares were traded at around $16.24 .
Citigroup Inc. has a market cap of $79.11 billion; its shares were traded at around $3.46 with and P/S ratio of 1.5. Citigroup Inc. had an annual average earning growth of 5.1% over the past 10 years.
Dollar General Corporation is a discount retailer in the United StatesDollar General Corp. has a market cap of $8.35 billion; its shares were traded at around $24.51 .
Nokia is the world leader in mobile communications. Nokia Corp. has a market cap of $48.68 billion; its shares were traded at around $13 with a P/E ratio of 14.1 and P/S ratio of 0.7. The dividend yield of Nokia Corp. stocks is 3.1%. 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.
Entergy Corporation engages principally in the following businesses: domestic utility operations, power marketing and trading, global power development, and domestic non-utility nuclear operations. Entergy Corp. has a market cap of $15.31 billion; its shares were traded at around $81.06 with a P/E ratio of 13.7 and P/S ratio of 1.2. The dividend yield of Entergy Corp. stocks is 3.8%. Entergy Corp. had an annual average earning growth of 2.5% over the past 10 years.
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 $482.1 million; its shares were traded at around $8.33 with a P/E ratio of 8.7 and P/S ratio of 1.5. The dividend yield of General Maritime Corp. stocks is 6%.
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 Group Inc. has a market cap of $980.7 million; its shares were traded at around $22.01 with a P/E ratio of 7.1 and P/S ratio of 2.1. The dividend yield of Tower Group Inc. stocks is 1.3%.
David Williams buys Banco Santander Central Hispano S.a., Dole Food Company Inc, Cloud Peak Energy, Citigroup Inc., Dollar General Corp., sells General Maritime Corp., Tower Group Inc. during the 3-months ended 12/31/2009, according to the most recent filings of his investment company, Columbia Value and Restructuring Fund. David Williams owns 0 stocks with a total value of $7 billion. These are the details of the buys and sells.
- New Purchases: C, CLD, DG, DOLE, STD,
- Added Positions: MUR,
- Reduced Positions: ETR, NOK,
- Sold Out: GMR, TWGP,
This is the sector weightings of his portfolio:
| Oil & Gas | 15.2% |
| Industrials | 14.4% |
| Financials | 11.8% |
| Basic Materials | 11.4% |
| Health Care | 8.1% |
| Consumer Goods | 8% |
| Technology | 4.5% |
| Telecommunications | 4.2% |
| Consumer Services | 2% |
These are the top 5 holdings of David Williams
- Petroleo Brasileiro S.A.Petrobras (PBR) - 7,400,000 shares, 5.02% of the total portfolio
- LORILLARD, INC (LO) - 3,800,000 shares, 4.33% of the total portfolio
- Alpha Natural Resources Inc. (ANR) - 5,950,000 shares, 3.67% of the total portfolio
- America Movil S.A.B. De C.V. (AMOV) - 5,400,000 shares, 3.61% of the total portfolio
- Harris Corp. (HRS) - 5,300,000 shares, 3.58% of the total portfolio
Added: Murphy Oil Corp. (MUR, Financial)
David Williams added to his holdings in Murphy Oil Corp. by 12.24%. His purchase prices were between $53.18 and $64.36, with an estimated average price of $58.4. The impact to his portfolio due to this purchase was 0.09%. His holdings were 1,100,000 shares as of 12/31/2009.Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil transportation and trading operations in Canada. Murphy Oil Corp. has a market cap of $10.69 billion; its shares were traded at around $56 with a P/E ratio of 19 and P/S ratio of 0.4. The dividend yield of Murphy Oil Corp. stocks is 1.8%. Murphy Oil Corp. had an annual average earning growth of 18.4% over the past 10 years. GuruFocus rated Murphy Oil Corp. the business predictability rank of 3.5-star.
New Purchase: Banco Santander Central Hispano S.a. (STD, Financial)
David Williams initiated holdings in Banco Santander Central Hispano S.a.. His purchase prices were between $15.22 and $17.83, with an estimated average price of $16.83. The impact to his portfolio due to this purchase was 0.58%. His holdings were 2,500,000 shares as of 12/31/2009.Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. Banco Santander Central Hispano S.a. has a market cap of $131.96 billion; its shares were traded at around $16.18 with and P/S ratio of 1.1. The dividend yield of Banco Santander Central Hispano S.a. stocks is 5.4%. Banco Santander Central Hispano S.a. had an annual average earning growth of 35.8% over the past 10 years.
New Purchase: Dole Food Company Inc (DOLE, Financial)
David Williams initiated holdings in Dole Food Company Inc. His purchase prices were between $11.37 and $12.5, with an estimated average price of $11.99. The impact to his portfolio due to this purchase was 0.4%. His holdings were 2,250,000 shares as of 12/31/2009.Dole Food Company's worldwide team of growers, packers, processors, shippers and employees is committed to consistently providing safe, high-quality fresh fruit, vegetables, and food products, while protecting the environment in which its products are grown and processed. Dole Food Company Inc has a market cap of $1.09 billion; its shares were traded at around $12.44 .
New Purchase: Cloud Peak Energy (CLD, Financial)
David Williams initiated holdings in Cloud Peak Energy. His purchase prices were between $12.69 and $15.04, with an estimated average price of $13.99. The impact to his portfolio due to this purchase was 0.24%. His holdings were 1,150,000 shares as of 12/31/2009.Cloud Peak Energy operates as a producer of low sulfur, high quality, sub-bituminous coal in the United States. The company is headquartered in Gillette, Wyoming. County Of San Diego California has a market cap of $511.6 million; its shares were traded at around $16.24 .
New Purchase: Citigroup Inc. (C, Financial)
David Williams initiated holdings in Citigroup Inc.. His purchase prices were between $3.2 and $4.67, with an estimated average price of $4.04. The impact to his portfolio due to this purchase was 0.22%. His holdings were 150,000 shares as of 12/31/2009.Citigroup Inc. has a market cap of $79.11 billion; its shares were traded at around $3.46 with and P/S ratio of 1.5. Citigroup Inc. had an annual average earning growth of 5.1% over the past 10 years.
New Purchase: Dollar General Corp. (DG, Financial)
David Williams initiated holdings in Dollar General Corp.. His purchase prices were between $22.15 and $24, with an estimated average price of $23.04. The impact to his portfolio due to this purchase was 0.22%. His holdings were 700,000 shares as of 12/31/2009.Dollar General Corporation is a discount retailer in the United StatesDollar General Corp. has a market cap of $8.35 billion; its shares were traded at around $24.51 .
Reduced: Nokia Corp. (NOK, Financial)
David Williams reduced to his holdings in Nokia Corp. by 52.56%. His sale prices were between $12.39 and $14.69, with an estimated average price of $13.19. The impact to his portfolio due to this sale was -0.18%. David Williams still held 1,850,000 shares as of 12/31/2009.Nokia is the world leader in mobile communications. Nokia Corp. has a market cap of $48.68 billion; its shares were traded at around $13 with a P/E ratio of 14.1 and P/S ratio of 0.7. The dividend yield of Nokia Corp. stocks is 3.1%. 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.
Reduced: Entergy Corp. (ETR, Financial)
David Williams reduced to his holdings in Entergy Corp. by 37.93%. His sale prices were between $76.26 and $84.01, with an estimated average price of $79.93. The impact to his portfolio due to this sale was -0.2%. David Williams still held 450,000 shares as of 12/31/2009.Entergy Corporation engages principally in the following businesses: domestic utility operations, power marketing and trading, global power development, and domestic non-utility nuclear operations. Entergy Corp. has a market cap of $15.31 billion; its shares were traded at around $81.06 with a P/E ratio of 13.7 and P/S ratio of 1.2. The dividend yield of Entergy Corp. stocks is 3.8%. Entergy Corp. had an annual average earning growth of 2.5% over the past 10 years.
Sold Out: General Maritime Corp. (GMR, Financial)
David Williams sold out his holdings in General Maritime Corp.. His sale prices were between $6.8 and $8.79, with an estimated average price of $7.41.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 $482.1 million; its shares were traded at around $8.33 with a P/E ratio of 8.7 and P/S ratio of 1.5. The dividend yield of General Maritime Corp. stocks is 6%.
Sold Out: Tower Group Inc. (TWGP, Financial)
David Williams sold out his holdings in Tower Group Inc.. His sale prices were between $22.42 and $25.55, with an estimated average price of $24.21.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 Group Inc. has a market cap of $980.7 million; its shares were traded at around $22.01 with a P/E ratio of 7.1 and P/S ratio of 2.1. The dividend yield of Tower Group Inc. stocks is 1.3%.
