Legendary investor Martin Whitman rarely sells stocks! When he buys, he holds it forever! If he sells, it might mean it is overvalued. He is finding opportunities homebuilding sector. These are his new buys and added positions.
Martin Whitman buys Power Corp Of Canada, USG Corp., MDC Holdings Inc., Cimarex Energy Co., Mitsui Fudosan Co Lt, Home Products International Inc., sells TXU Corp., Comverse Technology Inc., Td Banknorth Inc. during the 3-months ended 04/30/2007, according to the most recent filings of his investment company, Third Avenue Value Fund. Martin Whitman owns 100 stocks with a total value of $7.7 billion. These are the details of the buys and sells.
New Purchases: HOMZQ.PK, MDC, MTSFF.PK, PWCDF.PK, USG, XEC,
Added Positions: HDVTF.PK, HNLGY.PK, MEL, WARFF.PK,
Sold Out: TXU,
Added: Hang Lung Grp Sp Adr (HNLGY.PK, Financial)
Martin Whitman added to his holdings in Real Estate Holding & Development company Hang Lung Grp Sp Adr by 100.88%. The impact to his portfolio due to this purchase was 0.55%. His holdings were 23,919,000 shares as of 04/30/2007. Shares of Hang Lung Grp Sp Adr were traded at around $22.1.
Added: Wharf Holdings Ltd O (WARFF.PK, Financial)
Martin Whitman added to his holdings in Real Estate Holding & Development company Wharf Holdings Ltd O by 34.57%. The impact to his portfolio due to this purchase was 0.49%. His holdings were 42,953,000 shares as of 04/30/2007. Shares of Wharf Holdings Ltd O were traded at around $3.9.
Added: Henderson Investment (HDVTF.PK, Financial)
Martin Whitman added to his holdings in Real Estate Holding & Development company Henderson Investment by 208.34%. The impact to his portfolio due to this purchase was 0.47%. His holdings were 27,482,000 shares as of 04/30/2007. Shares of Henderson Investment were traded at around $1.5.
Added: Mellon Financial Corp. (MEL, Financial)
Martin Whitman added to his holdings in Investment Services company Mellon Financial Corp. by 11.49%. His purchase prices were between $41.34 and $45.73, with an estimated average price of $43.3. The impact to his portfolio due to this purchase was 0.25%. His holdings were 4,850,000 shares as of 04/30/2007. Shares of Mellon Financial Corp. were traded at around $44.42.
New Purchase: Power Corp Of Canada (PWCDF.PK, Financial)
Martin Whitman initiated holdings in Investment Services company Power Corp Of Canada. The impact to his portfolio due to this purchase was 1.81%. His holdings were 4,487,800 shares as of 04/30/2007. Shares of Power Corp Of Canada were traded at around $36.9028.
New Purchase: USG Corp. (USG, Financial)
Martin Whitman initiated holdings in Building Materials & Fixtures company USG Corp.. His purchase prices were between $46.62 and $57.23, with an estimated average price of $50.4. The impact to his portfolio due to this purchase was 0.82%. His holdings were 1,500,000 shares as of 04/30/2007. Shares of USG Corp. were traded at around $49.05.
New Purchase: MDC Holdings Inc. (MDC, Financial)
Martin Whitman initiated holdings in Home Construction company MDC Holdings Inc.. His purchase prices were between $47.84 and $59.46, with an estimated average price of $51.7. The impact to his portfolio due to this purchase was 0.61%. His holdings were 1,000,000 shares as of 04/30/2007. Shares of MDC Holdings Inc. were traded at around $47.98.
New Purchase: Cimarex Energy Co. (XEC)
Martin Whitman initiated holdings in Exploration & Production company Cimarex Energy Co.. His purchase prices were between $34.49 and $39.75, with an estimated average price of $36.7. The impact to his portfolio due to this purchase was 0.17%. His holdings were 366,632 shares as of 04/30/2007. Shares of Cimarex Energy Co. were traded at around $39.4.
New Purchase: Mitsui Fudosan Co Lt (MTSFF.PK)
Martin Whitman initiated holdings in Exploration & Production company Mitsui Fudosan Co Lt. The impact to his portfolio due to this purchase was 0.05%. His holdings were 151,000 shares as of 04/30/2007. Shares of Mitsui Fudosan Co Lt were traded at around $29.95.
New Purchase: Home Products International Inc. (HOMZQ.PK)
Martin Whitman initiated holdings in Exploration & Production company Home Products International Inc.. His purchase prices were between $0.19 and $0.3, with an estimated average price of $0.2. The impact to his portfolio due to this purchase was 0.01%. His holdings were 526,368 shares as of 04/30/2007. Shares of Home Products International Inc. were traded at around $0.05.
Sold Out: TXU Corp. (TXU)
Martin Whitman sold out his holdings in Electricity company TXU Corp.. His sale prices were between $53.72 and $66.08, with an estimated average price of $61.7. The impact to his portfolio due to this sale was less than 0.01%. Shares of TXU Corp. were traded at around $67.19.
Martin Whitman buys Power Corp Of Canada, USG Corp., MDC Holdings Inc., Cimarex Energy Co., Mitsui Fudosan Co Lt, Home Products International Inc., sells TXU Corp., Comverse Technology Inc., Td Banknorth Inc. during the 3-months ended 04/30/2007, according to the most recent filings of his investment company, Third Avenue Value Fund. Martin Whitman owns 100 stocks with a total value of $7.7 billion. These are the details of the buys and sells.
New Purchases: HOMZQ.PK, MDC, MTSFF.PK, PWCDF.PK, USG, XEC,
Added Positions: HDVTF.PK, HNLGY.PK, MEL, WARFF.PK,
Sold Out: TXU,
Added: Hang Lung Grp Sp Adr (HNLGY.PK, Financial)
Martin Whitman added to his holdings in Real Estate Holding & Development company Hang Lung Grp Sp Adr by 100.88%. The impact to his portfolio due to this purchase was 0.55%. His holdings were 23,919,000 shares as of 04/30/2007. Shares of Hang Lung Grp Sp Adr were traded at around $22.1.
Added: Wharf Holdings Ltd O (WARFF.PK, Financial)
Martin Whitman added to his holdings in Real Estate Holding & Development company Wharf Holdings Ltd O by 34.57%. The impact to his portfolio due to this purchase was 0.49%. His holdings were 42,953,000 shares as of 04/30/2007. Shares of Wharf Holdings Ltd O were traded at around $3.9.
Added: Henderson Investment (HDVTF.PK, Financial)
Martin Whitman added to his holdings in Real Estate Holding & Development company Henderson Investment by 208.34%. The impact to his portfolio due to this purchase was 0.47%. His holdings were 27,482,000 shares as of 04/30/2007. Shares of Henderson Investment were traded at around $1.5.
Added: Mellon Financial Corp. (MEL, Financial)
Martin Whitman added to his holdings in Investment Services company Mellon Financial Corp. by 11.49%. His purchase prices were between $41.34 and $45.73, with an estimated average price of $43.3. The impact to his portfolio due to this purchase was 0.25%. His holdings were 4,850,000 shares as of 04/30/2007. Shares of Mellon Financial Corp. were traded at around $44.42.
New Purchase: Power Corp Of Canada (PWCDF.PK, Financial)
Martin Whitman initiated holdings in Investment Services company Power Corp Of Canada. The impact to his portfolio due to this purchase was 1.81%. His holdings were 4,487,800 shares as of 04/30/2007. Shares of Power Corp Of Canada were traded at around $36.9028.
New Purchase: USG Corp. (USG, Financial)
Martin Whitman initiated holdings in Building Materials & Fixtures company USG Corp.. His purchase prices were between $46.62 and $57.23, with an estimated average price of $50.4. The impact to his portfolio due to this purchase was 0.82%. His holdings were 1,500,000 shares as of 04/30/2007. Shares of USG Corp. were traded at around $49.05.
New Purchase: MDC Holdings Inc. (MDC, Financial)
Martin Whitman initiated holdings in Home Construction company MDC Holdings Inc.. His purchase prices were between $47.84 and $59.46, with an estimated average price of $51.7. The impact to his portfolio due to this purchase was 0.61%. His holdings were 1,000,000 shares as of 04/30/2007. Shares of MDC Holdings Inc. were traded at around $47.98.
New Purchase: Cimarex Energy Co. (XEC)
Martin Whitman initiated holdings in Exploration & Production company Cimarex Energy Co.. His purchase prices were between $34.49 and $39.75, with an estimated average price of $36.7. The impact to his portfolio due to this purchase was 0.17%. His holdings were 366,632 shares as of 04/30/2007. Shares of Cimarex Energy Co. were traded at around $39.4.
New Purchase: Mitsui Fudosan Co Lt (MTSFF.PK)
Martin Whitman initiated holdings in Exploration & Production company Mitsui Fudosan Co Lt. The impact to his portfolio due to this purchase was 0.05%. His holdings were 151,000 shares as of 04/30/2007. Shares of Mitsui Fudosan Co Lt were traded at around $29.95.
New Purchase: Home Products International Inc. (HOMZQ.PK)
Martin Whitman initiated holdings in Exploration & Production company Home Products International Inc.. His purchase prices were between $0.19 and $0.3, with an estimated average price of $0.2. The impact to his portfolio due to this purchase was 0.01%. His holdings were 526,368 shares as of 04/30/2007. Shares of Home Products International Inc. were traded at around $0.05.
Sold Out: TXU Corp. (TXU)
Martin Whitman sold out his holdings in Electricity company TXU Corp.. His sale prices were between $53.72 and $66.08, with an estimated average price of $61.7. The impact to his portfolio due to this sale was less than 0.01%. Shares of TXU Corp. were traded at around $67.19.
