Richard Blum

Richard Blum

Last Update: 2014-08-14

Number of Stocks: 5
Number of New Stocks: 0

Total Value: $592 Mil
Q/Q Turnover: 0%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Richard Blum' s Profile & Performance

Profile

"Blum Capital Partners was founded in 1975 as an investment firm making strategic block and control investments in public and private transactions. Our hybrid investment strategy combines a rigorous, private equity process applied to the public markets with a proven ability to play a constructive, active role in unlocking value from our portfolio companies through the implementation of financial, operational and governance initiatives"

Web Page:http://www.blumcapital.com

Investing Philosophy

"As a value-oriented investor, the firm looks to take advantage of out-of-favor or neglected situations that offer highly compelling entry valuations. By sourcing our ideas primarily from the public markets, we are able to take advantage of temporary dislocations in the price of equity securities which are often due to market over-reactions or excessive focus on short-term phenomena. Our philosophy is to exercise patience and discipline in waiting for such opportunities to present themselves."

Total Holding History

Top Ranked Articles

Top Guru Investors for 2012 - Blum, Eveillard, Chou, Muhlenkamp, Kahn
As the year draws to an end, it is becoming clear which investors outperformed in 2012. Though official return figures have not come in yet, GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis. Read more...
CECO Revenue Down, Blum Cuts Enrollment Down 21% in First Quarter
According to the GuruFocus Real Time Picks, Richard Blum, San Francisco-based Blum Capital Partners, cut back his stake in Career Education Corporation’s (CECO) for the ninth time this year. Guru Blum reduced his position with the troubled education and training services company by 7.36%, selling in the price range of $2.60 per share, as of May 10, 2013. Blum had started the year with over 12.4 million CECO shares, but after his latest sell, he holds 9,211,795 shares or 13.72% of shares outstanding. This latest trade impacts Blum’s portfolio for a negative 0.31%. CECO’s current price is $2.60, with a 0% change from average. Read more...
Richard Blum Reduces - Will CECO Make the Grade?
With Career Education Corporation (CECO)'s mounting liabilities and a swarm of legal problems, investor Gurus are jumping ship or reducing positions to avoid a repeat of CECO’s fall of 40% back in November 2011. At that time, hedge funds lost millions and Richard Blum, of San Francisco-based Blum Capital Partners, lost $101.9 million betting on this career-oriented education company. Read more...
Blum Reduces AVID and PRGX Stakes by Average 9.4%
Today, Blum Capital Partners’ Richard Blum sells 7.9% of his shares of PRGX Global Inc. (PRGX), and 11.01% of his shares of Avid Technology Inc. (AVID). This represents more than 230,000 PRGX shares sold at $8.56 per share, and almost 900,000 AVID shares sold at $9.48 per share, according to GuruFocus Real Time Picks. Read more...
How Richard Blum Had the Best-Performing Picks on GuruFocus in the Past Year
Richard Blum’s stock picks of the last year are an unsung success of 2012’s challenging investing environment. Though official return numbers have not appeared yet, Blum’s positioning achieved the highest average return numbers in the last 12 months, at 40.33 percent, according to GuruFocus’ Score Board of Gurus. Read more...
» More Richard Blum Articles

Commentaries and Stories

  • Currently 3.75/5

Rating: 3.8/5 (4 votes)

What the Gurus Bought This Week
The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. More...

  • Currently 2.50/5

Rating: 2.5/5 (6 votes)

What the Gurus Did This Week – Guru Real Time Update
The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they owns a greater-than 5% stake, SEC regulations require them to report their transaction within two days. Alan Fournier, Mason Hawkins, George Soros, Richard Blum and Bill Ackman all reported real time activities over the past week. More...

  • Currently 2.00/5

Rating: 2.0/5 (5 votes)

Among Best Stock Pickers - Richard Blum’s Top Four
One of the best stock pickers ever, Richard Blum, co-founder, CEO, president and chairman of Blum Capital Partners, had 12-month returns of 40.33% in 2012, securing him a place in investor heaven. An extraordinary capitalist with a large real estate sector of 57.7%, Blum lists only 10 stocks in his portfolio, none of them new, and a total value of $658 million with a quarter-over-quarter turnover of 0%, as of June 25, 2013. More...

ELECTRONIC GAMING AND MULTIMEDIA, REAL ESTATE SERVICES, EDUCATION & TRAINING SERVICES, ASSET MANAGEMENT


  • Currently 2.38/5

Rating: 2.4/5 (8 votes)

What the Gurus Did This Week - Weekly Update on Guru Real Time Activity
The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. More...

  • Currently 2.40/5

Rating: 2.4/5 (5 votes)

What the Gurus Did This Week - Real Time Guru Activities Update
This past week was a slower week in guru real-time activity, with four gurus reporting changes to their portfolios. Richard Blum, George Soros and Mario Gabelli made slight changes in their holdings, while Carl Icahn made a significant increase to one of his holdings. [b] More...

  • Currently 4.25/5

Rating: 4.3/5 (8 votes)

CECO Revenue Down, Blum Cuts Enrollment Down 21% in First Quarter
According to the GuruFocus Real Time Picks, Richard Blum, San Francisco-based Blum Capital Partners, cut back his stake in Career Education Corporation’s (CECO) for the ninth time this year. Guru Blum reduced his position with the troubled education and training services company by 7.36%, selling in the price range of $2.60 per share, as of May 10, 2013. Blum had started the year with over 12.4 million CECO shares, but after his latest sell, he holds 9,211,795 shares or 13.72% of shares outstanding. This latest trade impacts Blum’s portfolio for a negative 0.31%. CECO’s current price is $2.60, with a 0% change from average. More...

EDUCATION & TRAINING SERVICES


  • Currently 3.17/5

Rating: 3.2/5 (6 votes)

Career Education Corp's Richard Blum Unloads CECO Shares Down 70%
Investor Guru Richard Blum, Blum Capital Partners, reduced his Career Education Corporation (CECO) stake again by 4.47% as of April 8, 2013. After six reductions this year, he now has 10,473,021 shares after the recent trade. According to GuruFocus research, a review of Blum’s CECO quarterly buying and selling over five years shows only losses — high double-digit losses. In looking at this stock’s performance, you may ask investors, what year did you lose the least? More...

EDUCATION & TRAINING SERVICES


  • Currently 2.33/5

Rating: 2.3/5 (6 votes)

Richard Blum Unloads 1.5M CECO Shares--March Madness or Sanity
In the last few years, Career Education Corp. (CECO) has been hit hard by investigations, regulatory changes, and lawsuits. As the CECO stock price continues to decline from a February high of $5.04 to the current price of $2.60, investor Guru Richard Blum, Blum Capital Partners, reduced his CECO stake again by 0.23% on March 18, 2013. This is the fifth time Blum has reduced his position this month, unloading 1,525,794 shares since March 4, 2013, when he began making a string of reductions. After his latest CECO trade, Richard Blum holds current shares of 10,963,417. CECO’s current price is $2.60, with a 0% change from average. More...

EDUCATION


  • Currently 3.38/5

Rating: 3.4/5 (8 votes)

Richard Blum Cuts CECO Third Time
For the third time this month, Richard Blum, of San Francisco-based Blum Capital Partners, reduced his stake in Career Education Corporation’s (CECO) by 1.79% on March 11, 2013. He had reduced his CECO shares by 6.44% on March 4, 2013, then again by 10.41% on March 7. After his latest trade, Blum holds current shares of 10,989,211. CECO’s current price is $2.60, with a change from average down 2%. Amidst a swarm of litigation, investigations and inquiries, CECO stakes have been dropped or significantly reduced by a number of other investor Gurus starting last fall, including Jeff Auxier, Joel Greenblatt, Chuck Royce, Paul Tudor Jones and Steven Cohen. More...

EDUCATION


  • Currently 3.78/5

Rating: 3.8/5 (9 votes)

Richard Blum Reduces - Will CECO Make the Grade?
With Career Education Corporation (CECO)'s mounting liabilities and a swarm of legal problems, investor Gurus are jumping ship or reducing positions to avoid a repeat of CECO’s fall of 40% back in November 2011. At that time, hedge funds lost millions and Richard Blum, of San Francisco-based Blum Capital Partners, lost $101.9 million betting on this career-oriented education company. More...

RICHARD BLUM, JEFF AUXIER, JOEL GREEN BLATT, CHUCK ROYCE, PAUL TUDOR JONES, STEVEN COHEN, CAREER EDUCATION CORP., BLUM CAPITAL PARTNERS


  • Currently 3.60/5

Rating: 3.6/5 (5 votes)

Blum Wipes Out His PRGX Stake
Investing Guru Richard Blum of Blum Capital Partners reported to eliminating 99.89 percent of his stake last week of audit services provider, PRGX Global Inc. (PRGX), according to GuruFocus Real Time Picks. The transaction left Blum with a current holding of 3,120 shares, compared to his 2.7 million shares in the end of the third quarter. Blum was the largest shareholder at the time, owning about 11 percent of the company. More...

RICHARD BLUM, PRGX


  • Currently 3.50/5

Rating: 3.5/5 (8 votes)

How Richard Blum Had the Best-Performing Picks on GuruFocus in the Past Year
Richard Blum’s stock picks of the last year are an unsung success of 2012’s challenging investing environment. Though official return numbers have not appeared yet, Blum’s positioning achieved the highest average return numbers in the last 12 months, at 40.33 percent, according to GuruFocus’ Score Board of Gurus. More...

  • Currently 4.45/5

Rating: 4.5/5 (11 votes)

Top Guru Investors for 2012 - Blum, Eveillard, Chou, Muhlenkamp, Kahn
As the year draws to an end, it is becoming clear which investors outperformed in 2012. Though official return figures have not come in yet, GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis. More...

  • Currently 4.17/5

Rating: 4.2/5 (6 votes)

Blum Reduces AVID and PRGX Stakes by Average 9.4%
Today, Blum Capital Partners’ Richard Blum sells 7.9% of his shares of PRGX Global Inc. (PRGX), and 11.01% of his shares of Avid Technology Inc. (AVID). This represents more than 230,000 PRGX shares sold at $8.56 per share, and almost 900,000 AVID shares sold at $9.48 per share, according to GuruFocus Real Time Picks. More...

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