This is the Q3 portfolio update of hedge fund Perry Capital. The firm is run by founder Richard Perry, who had only one down year during its 21 years of history.
Richard Perry wrote in his shareholder review earlier this year:
We anticipate that in 2010 the financial markets will continue to be greatly impacted by fiscal policy. We are living in an era of unprecedented debt created by budget deficits, bubble-era bullish views on asset values and benign monetary policy. Fortunately, the US government's effort to stem the 2008 meltdown has removed the threat of a systemic failure. This intervention will likely embolden more government involvement in future crises or perceived crises and may ultimately prove to be a costly legacy of 2008. The alternative, allowing market clearing mechanisms to attempt to take hold, can also result in dislocations and pain. Yet, for most of the past 25 years, the economy has grown and recovered despite such disruptions in many industries. The pain threshold in our country is extremely low, stemming from a prolonged period of relatively benign economic conditions in place since the 1980's. The free flow of capital seeking high returns has facilitated a rolling recovery whenever there has been any economic instability. This Darwinian metamorphosis — overleveraged entities are either restructured into leaner, better enterprises or sometimes liquidated; companies that no longer offer long-term economic return on capital are doomed, while others that have potentially high returns are given more funds — has been our economy's way of cleansing itself.
Apparently Mr. Perry thinks it is a good time to buy stocks. He bought a lot more during third quarter, and sold just a handful. He has more than 35% of portfolio in SPY put options.
As of 09/30/2010, Perry Capital owns 76 stocks with a total value of $6.4 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 Perry
Added: Airgas Inc. (ARG)
Richard Perry added to his holdings in Airgas Inc. by 988.7%. His purchase prices were between $62.57 and $68.04, with an estimated average price of $65.82. The impact to his portfolio due to this purchase was 1.22%. His holdings were 1,256,415 shares as of 09/30/2010.
Airgas, Inc., through its subsidiaries, is the largest U. Airgas Inc. has a market cap of $5.65 billion; its shares were traded at around $67.49 with a P/E ratio of 22.5 and P/S ratio of 1.5. The dividend yield of Airgas Inc. stocks is 1.5%. Airgas Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Airgas Inc. the business predictability rank of 4-star.
Added: Doral Financial Corp. (DRL)
Richard Perry added to his holdings in Doral Financial Corp. by 4733.17%. His purchase prices were between $1.13 and $2.7, with an estimated average price of $1.88. The impact to his portfolio due to this purchase was 0.16%. His holdings were 6,041,461 shares as of 09/30/2010.
Doral Financial Corporation is primarily engaged in a wide range of mortgage banking activities, including the origination, purchase, sale and servicing of mortgage loans on single-family residences, the issuance and sale of various types of mortgage-backed securities, the holding and financing of mortgage loans, mortgage-backed securities and other investment securities for sale or investment, the purchase and sale of servicing rights associated with such mortgage loans and, to a lesser extent, the origination of construction loans and mortgage loans. Doral Financial Corp. has a market cap of $175.3 million; its shares were traded at around $1.63 with and P/S ratio of 0.3.
New Purchase: Potash Corp. Of Saskatchewan Inc. (POT, Financial)
Richard Perry initiated holdings in Potash Corp. Of Saskatchewan Inc.. His purchase prices were between $84.6 and $150.47, with an estimated average price of $124.33. The impact to his portfolio due to this purchase was 3.71%. His holdings were 1,637,950 shares as of 09/30/2010.
Potash Corporation of Saskatchewan Inc. is the world's largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Potash Corp. Of Saskatchewan Inc. has a market cap of $41.5 billion; its shares were traded at around $139.91 with a P/E ratio of 27.2 and P/S ratio of 10.4. The dividend yield of Potash Corp. Of Saskatchewan Inc. stocks is 0.3%. Potash Corp. Of Saskatchewan Inc. had an annual average earning growth of 31.7% over the past 10 years. GuruFocus rated Potash Corp. Of Saskatchewan Inc. the business predictability rank of 2.5-star.
New Purchase: Genzyme Corp. (GENZ, Financial)
Richard Perry initiated holdings in Genzyme Corp.. His purchase prices were between $51.14 and $71.6, with an estimated average price of $65.38. The impact to his portfolio due to this purchase was 1.78%. His holdings were 1,597,263 shares as of 09/30/2010.
Genzyme Corporation is a global biotechnology company dedicated to making a major positive impact on the lives of people with serious diseases. Genzyme Corp. has a market cap of $17.8 billion; its shares were traded at around $69.84 with a P/E ratio of 77.6 and P/S ratio of 4. Genzyme Corp. had an annual average earning growth of 17.5% over the past 10 years. GuruFocus rated Genzyme Corp. the business predictability rank of 2.5-star.
New Purchase: Citigroup Inc. (C, Financial)
Richard Perry initiated holdings in Citigroup Inc.. His purchase prices were between $3.66 and $4.3, with an estimated average price of $3.94. The impact to his portfolio due to this purchase was 1.72%. His holdings were 28,011,334 shares as of 09/30/2010.
Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $124.3 billion; its shares were traded at around $4.29 with and P/S ratio of 1.4.
New Purchase: Unisys Corp. (UIS, Financial)
Richard Perry initiated holdings in Unisys Corp.. His purchase prices were between $17.1 and $28.31, with an estimated average price of $23.98. The impact to his portfolio due to this purchase was 1.1%. His holdings were 2,500,000 shares as of 09/30/2010.
Unisys is a worldwide technology services and solutions company. Unisys Corp. has a market cap of $962.4 million; its shares were traded at around $22.58 with a P/E ratio of 5.1 and P/S ratio of 0.2.
New Purchase: Alcon Inc. (ACL, Financial)
Richard Perry initiated holdings in Alcon Inc.. His purchase prices were between $148.54 and $168.21, with an estimated average price of $159.5. The impact to his portfolio due to this purchase was 0.88%. His holdings were 335,602 shares as of 09/30/2010.
Alcon, Inc. is the world's eye care company. Alcon Inc. has a market cap of $48.89 billion; its shares were traded at around $162.76 with a P/E ratio of 21.6 and P/S ratio of 7.6. The dividend yield of Alcon Inc. stocks is 2%. Alcon Inc. had an annual average earning growth of 18.3% over the past 10 years.
New Purchase: Microsoft Corp. (MSFT, Financial)
Richard Perry initiated holdings in Microsoft Corp.. His purchase prices were between $23.27 and $26.33, with an estimated average price of $24.82. The impact to his portfolio due to this purchase was 0.75%. His holdings were 1,950,000 shares as of 09/30/2010.
Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $227.33 billion; its shares were traded at around $26.27 with a P/E ratio of 11.4 and P/S ratio of 3.6. The dividend yield of Microsoft Corp. stocks is 1.9%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
New Purchase: Brocade Communications Systems, Inc. (BRCD, Financial)
Richard Perry initiated holdings in Brocade Communications Systems, Inc.. His purchase prices were between $4.7 and $6.26, with an estimated average price of $5.3. The impact to his portfolio due to this purchase was 0.64%. His holdings were 7,000,000 shares as of 09/30/2010.
Brocade Communications Systems, Inc. delivers industry-platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. Brocade Communications Systems, Inc. has a market cap of $2.57 billion; its shares were traded at around $5.66 with a P/E ratio of 14.2 and P/S ratio of 1.3. Brocade Communications Systems, Inc. had an annual average earning growth of 3.8% over the past 10 years. GuruFocus rated Brocade Communications Systems, Inc. the business predictability rank of 2-star.
New Purchase: Motorola Inc. (MOT)
Richard Perry initiated holdings in Motorola Inc.. His purchase prices were between $6.48 and $8.68, with an estimated average price of $7.79. The impact to his portfolio due to this purchase was 0.54%. His holdings were 4,025,747 shares as of 09/30/2010.
Motorola, Inc. is a global leader in providing integrated communications solutions and embedded electronic solutions. Motorola Inc. has a market cap of $18.65 billion; its shares were traded at around $7.99 with a P/E ratio of 23.6 and P/S ratio of 0.9.
New Purchase: Mentor Graphics Corp. (MENT)
Richard Perry initiated holdings in Mentor Graphics Corp.. His purchase prices were between $8.29 and $11, with an estimated average price of $9.63. The impact to his portfolio due to this purchase was 0.5%. His holdings were 3,000,000 shares as of 09/30/2010.
MENTOR GRAPHICS CORP. designs, manufactures, markets and supports electronic design automation (EDA) software for the integrated circuit and systems design markets. Mentor Graphics Corp. has a market cap of $1.23 billion; its shares were traded at around $11.24 with a P/E ratio of 124.9 and P/S ratio of 1.5.
New Purchase: Healthspring Inc. (HS)
Richard Perry initiated holdings in Healthspring Inc.. His purchase prices were between $15.37 and $26.77, with an estimated average price of $19.82. The impact to his portfolio due to this purchase was 0.37%. His holdings were 900,000 shares as of 09/30/2010.
HealthSpring is an independent Tennessee-based managed care organization. Healthspring Inc. has a market cap of $1.59 billion; its shares were traded at around $27.83 with a P/E ratio of 8.7 and P/S ratio of 0.6.
New Purchase: Liberty Media Corp. Interactive Common S (LINTA)
Richard Perry initiated holdings in Liberty Media Corp. Interactive Common S. His purchase prices were between $10.23 and $13.84, with an estimated average price of $11.48. The impact to his portfolio due to this purchase was 0.35%. His holdings were 1,612,240 shares as of 09/30/2010.
Liberty Media Corporation owns a broad range of electronic retailing, media, communications and entertainment businesses and investments. Liberty Media Corp. Interactive Common S has a market cap of $8.67 billion; its shares were traded at around $15.24 with a P/E ratio of 13.8 and P/S ratio of 1.1.
New Purchase: Dell Inc. (DELL)
Richard Perry initiated holdings in Dell Inc.. His purchase prices were between $11.585 and $13.74, with an estimated average price of $12.62. The impact to his portfolio due to this purchase was 0.34%. His holdings were 1,680,000 shares as of 09/30/2010.
Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $26.1 billion; its shares were traded at around $13.42 with a P/E ratio of 11.9 and P/S ratio of 0.5. Dell Inc. had an annual average earning growth of 4.1% over the past 10 years.
New Purchase: Smart Technologies Inc. (SMT)
Richard Perry initiated holdings in Smart Technologies Inc.. His purchase prices were between $10.5 and $17.05, with an estimated average price of $13.51. The impact to his portfolio due to this purchase was 0.32%. His holdings were 1,500,000 shares as of 09/30/2010.
SMART Technologies Inc. designs, develops and sells interactive technology products and solutions for the education, business and government sectors. Smart Technologies Inc. has a market cap of $373.1 million; its shares were traded at around $8.42 .
New Purchase: Petroleo Brasileiro S.a.petrobras (PBR)
Richard Perry initiated holdings in Petroleo Brasileiro S.a.petrobras. His purchase prices were between $32.81 and $38.68, with an estimated average price of $35.69. The impact to his portfolio due to this purchase was 0.26%. His holdings were 450,000 shares as of 09/30/2010.
PETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad. Petroleo Brasileiro S.a.petrobras has a market cap of $126.04 billion; its shares were traded at around $33.87 with a P/E ratio of 8.6 and P/S ratio of 1.3. The dividend yield of Petroleo Brasileiro S.a.petrobras stocks is 0.4%. Petroleo Brasileiro S.a.petrobras had an annual average earning growth of 21.9% over the past 10 years. GuruFocus rated Petroleo Brasileiro S.a.petrobras the business predictability rank of 4-star.
New Purchase: Cirrus Logic Inc. (CRUS)
Richard Perry initiated holdings in Cirrus Logic Inc.. His purchase prices were between $15.1 and $20.54, with an estimated average price of $17.64. The impact to his portfolio due to this purchase was 0.18%. His holdings were 600,000 shares as of 09/30/2010.
Cirrus Logic Inc. is a premier supplier of high performance analog circuits and advanced mixed-signal chip solutions. Cirrus Logic Inc. has a market cap of $865.8 million; its shares were traded at around $12.78 with a P/E ratio of 13.8 and P/S ratio of 4.
New Purchase: Integrated Device Technology Inc. (IDTI)
Richard Perry initiated holdings in Integrated Device Technology Inc.. His purchase prices were between $4.87 and $6.22, with an estimated average price of $5.42. The impact to his portfolio due to this purchase was 0.18%. His holdings were 2,000,000 shares as of 09/30/2010.
Integrated Device Technology, Inc. designs, develops, manufactures and markets a broad range of high-performance semiconductor products and modules. Integrated Device Technology Inc. has a market cap of $973.6 million; its shares were traded at around $6.14 with a P/E ratio of 16.2 and P/S ratio of 1.9.
New Purchase: Crucell Nv (CRXL)
Richard Perry initiated holdings in Crucell Nv. His purchase prices were between $18.27 and $33.49, with an estimated average price of $21.51. The impact to his portfolio due to this purchase was 0.16%. His holdings were 300,000 shares as of 09/30/2010.
Crucell N.V. discovers, develops, and produces a variety of biopharmaceuticals for the treatment of human diseases. Crucell Nv has a market cap of $2.59 billion; its shares were traded at around $31.74 with a P/E ratio of 54.8 and P/S ratio of 5.4.
New Purchase: Exxon Mobil Corp. (XOM)
Richard Perry initiated holdings in Exxon Mobil Corp.. His purchase prices were between $56.57 and $62.72, with an estimated average price of $60.26. The impact to his portfolio due to this purchase was 0.16%. His holdings were 163,000 shares as of 09/30/2010.
Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $361.47 billion; its shares were traded at around $70.99 with a P/E ratio of 12.7 and P/S ratio of 1.2. The dividend yield of Exxon Mobil Corp. stocks is 2.5%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.
New Purchase: Ebay Inc. (EBAY)
Richard Perry initiated holdings in Ebay Inc.. His purchase prices were between $19.26 and $24.99, with an estimated average price of $22.37. The impact to his portfolio due to this purchase was 0.16%. His holdings were 425,000 shares as of 09/30/2010.
eBay is one of the world's largest online trading communities. Ebay Inc. has a market cap of $39.55 billion; its shares were traded at around $30.14 with a P/E ratio of 21.2 and P/S ratio of 4.6. Ebay Inc. had an annual average earning growth of 43.4% over the past 10 years.
New Purchase: Kraft Foods Inc. (KFT)
Richard Perry initiated holdings in Kraft Foods Inc.. His purchase prices were between $27.82 and $31.95, with an estimated average price of $29.94. The impact to his portfolio due to this purchase was 0.15%. His holdings were 315,000 shares as of 09/30/2010.
Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc. has a market cap of $53.4 billion; its shares were traded at around $30.62 with a P/E ratio of 15.2 and P/S ratio of 1.3. The dividend yield of Kraft Foods Inc. stocks is 3.8%. Kraft Foods Inc. had an annual average earning growth of 1.7% over the past 5 years.
New Purchase: Charming Shoppes Inc. (CHRS)
Richard Perry initiated holdings in Charming Shoppes Inc.. His purchase prices were between $2.96 and $4.54, with an estimated average price of $3.8. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,200,000 shares as of 09/30/2010.
Charming Shoppes operates women's specialty apparel stores under the names Fashion Bug, Fashion Bug Plus, Catherine's, PS. Charming Shoppes Inc. has a market cap of $408.7 million; its shares were traded at around $3.54 with and P/S ratio of 0.2.
New Purchase: The Williams Companies Inc. (WMB)
Richard Perry initiated holdings in The Williams Companies Inc.. His purchase prices were between $17.67 and $20.84, with an estimated average price of $19.15. The impact to his portfolio due to this purchase was 0.12%. His holdings were 401,505 shares as of 09/30/2010.
Williams Companies moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. The Williams Companies Inc. has a market cap of $13.48 billion; its shares were traded at around $23.05 with a P/E ratio of 20.6 and P/S ratio of 1.6. The dividend yield of The Williams Companies Inc. stocks is 2.2%. The Williams Companies Inc. had an annual average earning growth of 8.5% over the past 5 years.
New Purchase: Yahoo! Inc. (YHOO)
Richard Perry initiated holdings in Yahoo! Inc.. His purchase prices were between $13.109 and $15.52, with an estimated average price of $14.06. The impact to his portfolio due to this purchase was 0.11%. His holdings were 500,000 shares as of 09/30/2010.
Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. Yahoo! Inc. has a market cap of $22.31 billion; its shares were traded at around $16.55 with a P/E ratio of 28 and P/S ratio of 3.4.
New Purchase: Rite Aid Corp. (RAD)
Richard Perry initiated holdings in Rite Aid Corp.. His purchase prices were between $0.8699 and $1.1, with an estimated average price of $0.96. The impact to his portfolio due to this purchase was 0.1%. His holdings were 7,082,000 shares as of 09/30/2010.
Rite Aid Corporation is a retail drugstore chain in the United States serving customers in numerous states across the country and in the District of Columbia. Rite Aid Corp. has a market cap of $830.1 million; its shares were traded at around $0.9313 .
New Purchase: Petroleo Brasileiro S.a.petrobras (PBR.A)
Richard Perry initiated holdings in Petroleo Brasileiro S.a.petrobras. His purchase prices were between $28.95 and $33.61, with an estimated average price of $31.39. The impact to his portfolio due to this purchase was 0.09%. His holdings were 175,000 shares as of 09/30/2010.
Petrolo Brasilerio was founded in October of 1953 to operate in the Brazilian oil sector. Petroleo Brasileiro S.a.petrobras has a market cap of $127.65 billion; its shares were traded at around $30.68 with a P/E ratio of 9.4 and P/S ratio of 1. The dividend yield of Petroleo Brasileiro S.a.petrobras stocks is 0.5%.
New Purchase: Coinstar Inc. (CSTR)
Richard Perry initiated holdings in Coinstar Inc.. His purchase prices were between $39.52 and $49.9, with an estimated average price of $45.05. The impact to his portfolio due to this purchase was 0.07%. His holdings were 100,000 shares as of 09/30/2010.
Coinstar, Inc. operate a national network of self-service coin-counting machines in the U. Coinstar Inc. has a market cap of $2.01 billion; its shares were traded at around $61.41 with a P/E ratio of 38.8 and P/S ratio of 1.8. Coinstar Inc. had an annual average earning growth of 24.4% over the past 10 years. GuruFocus rated Coinstar Inc. the business predictability rank of 4-star.
New Purchase: Terrestar Corp. (TSTR)
Richard Perry initiated holdings in Terrestar Corp.. His purchase prices were between $0.1896 and $0.79, with an estimated average price of $0.43. The impact to his portfolio due to this purchase was 0.03%. His holdings were 5,000,000 shares as of 09/30/2010.
TerreStar Networks Inc a majority owned subsidiary of TerreStar Corporation, plans to build, own and operate North America's first integrated mobile satellite and terrestrial communications network that will provide universal access and tailored applications throughout North America over conventional wireless devices. Terrestar Corp. has a market cap of $18.5 million; its shares were traded at around $0.1115 with and P/S ratio of 7.8.
Reduced: Qep Resources Inc. (QEP)
Richard Perry reduced to his holdings in Qep Resources Inc. by 64.78%. His sale prices were between $28.18 and $34.9, with an estimated average price of $30.75. The impact to his portfolio due to this sale was -0.72%. Richard Perry still held 817,024 shares as of 09/30/2010.
QEP Resources is a independent natural gas and oil exploration and production company. Qep Resources Inc. has a market cap of $5.78 billion; its shares were traded at around $32.99 with and P/S ratio of 2.6. The dividend yield of Qep Resources Inc. stocks is 0.1%.
Reduced: Pacific Sunwear Of California Inc. (PSUN)
Richard Perry reduced to his holdings in Pacific Sunwear Of California Inc. by 36.51%. His sale prices were between $2.98 and $5.54, with an estimated average price of $4.06. The impact to his portfolio due to this sale was -0.09%. Richard Perry still held 2,000,000 shares as of 09/30/2010.
Pacific Sunwear of CA, Inc. and its wholly-owned subsidiaries is a specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. Pacific Sunwear Of California Inc. has a market cap of $369.9 million; its shares were traded at around $5.6 with and P/S ratio of 0.4.
Sold Out: Ishares Russell 2000 Index (IWM)
Richard Perry sold out his holdings in Ishares Russell 2000 Index. His sale prices were between $59.04 and $67.67, with an estimated average price of $63.59.
ISHARES RUSSELL 2000 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U. Ishares Russell 2000 Index has a market cap of $14.67 billion; its shares were traded at around $72.03 . The dividend yield of Ishares Russell 2000 Index stocks is 0.9%.
Sold Out: Qualcomm Inc. (QCOM, Financial)
Richard Perry sold out his holdings in Qualcomm Inc.. His sale prices were between $32.37 and $44.59, with an estimated average price of $39.06.
QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. Qualcomm Inc. has a market cap of $76.2 billion; its shares were traded at around $47.47 with a P/E ratio of 23.1 and P/S ratio of 7. The dividend yield of Qualcomm Inc. stocks is 1.6%. Qualcomm Inc. had an annual average earning growth of 15.4% over the past 10 years. GuruFocus rated Qualcomm Inc. the business predictability rank of 1-star.
Sold Out: Dollar Thrifty Automotive Group Inc. (DTG, Financial)
Richard Perry sold out his holdings in Dollar Thrifty Automotive Group Inc.. His sale prices were between $41.06 and $52.34, with an estimated average price of $48.1.
Dollar Thrifty Automotive Group Inc. operates two vehicle rental companies, Dollar and Thrifty, which maintain separate daily vehicle rental businesses. Dollar Thrifty Automotive Group Inc. has a market cap of $1.33 billion; its shares were traded at around $46.34 with a P/E ratio of 11.5 and P/S ratio of 0.9. Dollar Thrifty Automotive Group Inc. had an annual average earning growth of 1.6% over the past 10 years.
Sold Out: Questar Corp. (STR)
Richard Perry sold out his holdings in Questar Corp.. His sale prices were between $15.19 and $17.46, with an estimated average price of $16.71.
Questar Corporation is a natural gas-focused energy company with five major lines of business - gas and oil exploration and production, midstream field services, energy marketing, interstate gas transportation, and retail gas distribution. Questar Corp. has a market cap of $3.03 billion; its shares were traded at around $17.26 with a P/E ratio of 9.2 and P/S ratio of 1. The dividend yield of Questar Corp. stocks is 3.2%. Questar Corp. had an annual average earning growth of 18.1% over the past 10 years. GuruFocus rated Questar Corp. the business predictability rank of 4.5-star.
Sold Out: Kulicke And Soffa Industries Inc. (KLIC)
Richard Perry sold out his holdings in Kulicke And Soffa Industries Inc.. His sale prices were between $5.44 and $8.66, with an estimated average price of $6.44.
Kulicke and Soffa Inds. designs, manufactures and markets capital equipment and packaging materials for sale to companies that manufacture and assemble semiconductor devices. Kulicke And Soffa Industries Inc. has a market cap of $419 million; its shares were traded at around $5.95 with a P/E ratio of 4.1 and P/S ratio of 1.9.
Sold Out: Gilead Sciences Inc. (GILD)
Richard Perry sold out his holdings in Gilead Sciences Inc.. His sale prices were between $31.83 and $36.55, with an estimated average price of $34.2.
Gilead Sciences, Inc. is an independent biopharmaceutical company that seeks to provide accelerated solutions for patients and the people who care for them. Gilead Sciences Inc. has a market cap of $31.7 billion; its shares were traded at around $37.8 with a P/E ratio of 10.8 and P/S ratio of 4.5. Gilead Sciences Inc. had an annual average earning growth of 38.1% over the past 5 years.
Sold Out: Leap Wireless International Inc. (LEAP)
Richard Perry sold out his holdings in Leap Wireless International Inc.. His sale prices were between $9.73 and $13.45, with an estimated average price of $11.34.
Leap Wireless is a customer-focused company providing innovative mobile wireless services that are targeted to meet the needs of customers who are under-served by traditional communications companies. Leap Wireless International Inc. has a market cap of $937.7 million; its shares were traded at around $11.97 with and P/S ratio of 0.4. Leap Wireless International Inc. had an annual average earning growth of 9.6% over the past 5 years.
Sold Out: Net 1 Ueps Technologies Inc. (UEPS)
Richard Perry sold out his holdings in Net 1 Ueps Technologies Inc.. His sale prices were between $10.95 and $14.95, with an estimated average price of $13.07.
Net 1 U.E.P.S. Technologies provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies. Net 1 Ueps Technologies Inc. has a market cap of $520.9 million; its shares were traded at around $11.48 with a P/E ratio of 6.1 and P/S ratio of 1.8. Net 1 Ueps Technologies Inc. had an annual average earning growth of 8.5% over the past 5 years.
Sold Out: Bank Of America Warrants (BAC.WS.A)
Richard Perry sold out his holdings in Bank Of America Warrants. His sale prices were between $6.53 and $8.74, with an estimated average price of $7.35.
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Sold Out: Cocacola Enterprises Inc. (CCE)
Richard Perry sold out his holdings in Cocacola Enterprises Inc.. His sale prices were between $26.03 and $31.08, with an estimated average price of $28.92.
Coca-Cola Enterprises is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. Cocacola Enterprises Inc. has a market cap of $12.45 billion; its shares were traded at around $24.94 with a P/E ratio of 13.2 and P/S ratio of 0.6. The dividend yield of Cocacola Enterprises Inc. stocks is 1.5%.
Sold Out: Ford Motor Company (F.WS)
Richard Perry sold out his holdings in Ford Motor Company. His sale prices were between $3.1 and $5.13, with an estimated average price of $4.26.
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Sold Out: Fidelity National Information Services I (FIS)
Richard Perry sold out his holdings in Fidelity National Information Services I. His sale prices were between $25.66 and $28.79, with an estimated average price of $27.34.
Certegy Inc. provides credit, debit and merchant card processing, e-banking, check risk management and check cashing services to financial institutions and merchants worldwide. Fidelity National Information Services I has a market cap of $8.15 billion; its shares were traded at around $27.2 with a P/E ratio of 14.8 and P/S ratio of 2.1. The dividend yield of Fidelity National Information Services I stocks is 0.7%.
Richard Perry wrote in his shareholder review earlier this year:
We anticipate that in 2010 the financial markets will continue to be greatly impacted by fiscal policy. We are living in an era of unprecedented debt created by budget deficits, bubble-era bullish views on asset values and benign monetary policy. Fortunately, the US government's effort to stem the 2008 meltdown has removed the threat of a systemic failure. This intervention will likely embolden more government involvement in future crises or perceived crises and may ultimately prove to be a costly legacy of 2008. The alternative, allowing market clearing mechanisms to attempt to take hold, can also result in dislocations and pain. Yet, for most of the past 25 years, the economy has grown and recovered despite such disruptions in many industries. The pain threshold in our country is extremely low, stemming from a prolonged period of relatively benign economic conditions in place since the 1980's. The free flow of capital seeking high returns has facilitated a rolling recovery whenever there has been any economic instability. This Darwinian metamorphosis — overleveraged entities are either restructured into leaner, better enterprises or sometimes liquidated; companies that no longer offer long-term economic return on capital are doomed, while others that have potentially high returns are given more funds — has been our economy's way of cleansing itself.
Apparently Mr. Perry thinks it is a good time to buy stocks. He bought a lot more during third quarter, and sold just a handful. He has more than 35% of portfolio in SPY put options.
As of 09/30/2010, Perry Capital owns 76 stocks with a total value of $6.4 billion. These are the details of the buys and sells.
- New Purchases: POT, GENZ, C, UIS, ACL, MSFT, BRCD, MOT, MENT, HS, LINTA, DELL, SMT, PBR, CRUS, IDTI, CRXL, XOM, EBAY, KFT, WMB, CHRS, YHOO, RAD, PBR.A, CSTR, TSTR,
- Added Positions: ARG, DRL,
- Reduced Positions: QEP, PSUN,
- Sold Out: IWM, QCOM, DTG, STR, KLIC, GILD, LEAP, UEPS, CCE, BAC.WS.A, F.WS, FIS,
This is the sector weightings of his portfolio:
| Financials | 8.1% |
| Health Care | 8% |
| Technology | 7.6% |
| Basic Materials | 5.1% |
| Consumer Goods | 1.5% |
| Consumer Services | 1.3% |
| Oil & Gas | 0.9% |
| Industrials | 0.7% |
| Telecommunications | 0.1% |
These are the top 5 holdings of Richard Perry
- Endurance Specialty Holdings Ltd. (ENH) - 7,143,056 shares, 4.47% of the total portfolio.
- Potash Corp. Of Saskatchewan Inc. (POT) - 1,637,950 shares, 3.71% of the total portfolio. Shares added by 10000%
- Humana Inc. (HUM) - 3,250,000 shares, 2.57% of the total portfolio.
- Genzyme Corp. (GENZ) - 1,597,263 shares, 1.78% of the total portfolio. Shares added by 10000%
- Citigroup Inc. (C) - 28,011,334 shares, 1.72% of the total portfolio. Shares added by 10000%
Added: Airgas Inc. (ARG)
Richard Perry added to his holdings in Airgas Inc. by 988.7%. His purchase prices were between $62.57 and $68.04, with an estimated average price of $65.82. The impact to his portfolio due to this purchase was 1.22%. His holdings were 1,256,415 shares as of 09/30/2010.
Airgas, Inc., through its subsidiaries, is the largest U. Airgas Inc. has a market cap of $5.65 billion; its shares were traded at around $67.49 with a P/E ratio of 22.5 and P/S ratio of 1.5. The dividend yield of Airgas Inc. stocks is 1.5%. Airgas Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Airgas Inc. the business predictability rank of 4-star.
Added: Doral Financial Corp. (DRL)
Richard Perry added to his holdings in Doral Financial Corp. by 4733.17%. His purchase prices were between $1.13 and $2.7, with an estimated average price of $1.88. The impact to his portfolio due to this purchase was 0.16%. His holdings were 6,041,461 shares as of 09/30/2010.
Doral Financial Corporation is primarily engaged in a wide range of mortgage banking activities, including the origination, purchase, sale and servicing of mortgage loans on single-family residences, the issuance and sale of various types of mortgage-backed securities, the holding and financing of mortgage loans, mortgage-backed securities and other investment securities for sale or investment, the purchase and sale of servicing rights associated with such mortgage loans and, to a lesser extent, the origination of construction loans and mortgage loans. Doral Financial Corp. has a market cap of $175.3 million; its shares were traded at around $1.63 with and P/S ratio of 0.3.
New Purchase: Potash Corp. Of Saskatchewan Inc. (POT, Financial)
Richard Perry initiated holdings in Potash Corp. Of Saskatchewan Inc.. His purchase prices were between $84.6 and $150.47, with an estimated average price of $124.33. The impact to his portfolio due to this purchase was 3.71%. His holdings were 1,637,950 shares as of 09/30/2010.
Potash Corporation of Saskatchewan Inc. is the world's largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Potash Corp. Of Saskatchewan Inc. has a market cap of $41.5 billion; its shares were traded at around $139.91 with a P/E ratio of 27.2 and P/S ratio of 10.4. The dividend yield of Potash Corp. Of Saskatchewan Inc. stocks is 0.3%. Potash Corp. Of Saskatchewan Inc. had an annual average earning growth of 31.7% over the past 10 years. GuruFocus rated Potash Corp. Of Saskatchewan Inc. the business predictability rank of 2.5-star.
New Purchase: Genzyme Corp. (GENZ, Financial)
Richard Perry initiated holdings in Genzyme Corp.. His purchase prices were between $51.14 and $71.6, with an estimated average price of $65.38. The impact to his portfolio due to this purchase was 1.78%. His holdings were 1,597,263 shares as of 09/30/2010.
Genzyme Corporation is a global biotechnology company dedicated to making a major positive impact on the lives of people with serious diseases. Genzyme Corp. has a market cap of $17.8 billion; its shares were traded at around $69.84 with a P/E ratio of 77.6 and P/S ratio of 4. Genzyme Corp. had an annual average earning growth of 17.5% over the past 10 years. GuruFocus rated Genzyme Corp. the business predictability rank of 2.5-star.
New Purchase: Citigroup Inc. (C, Financial)
Richard Perry initiated holdings in Citigroup Inc.. His purchase prices were between $3.66 and $4.3, with an estimated average price of $3.94. The impact to his portfolio due to this purchase was 1.72%. His holdings were 28,011,334 shares as of 09/30/2010.
Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $124.3 billion; its shares were traded at around $4.29 with and P/S ratio of 1.4.
New Purchase: Unisys Corp. (UIS, Financial)
Richard Perry initiated holdings in Unisys Corp.. His purchase prices were between $17.1 and $28.31, with an estimated average price of $23.98. The impact to his portfolio due to this purchase was 1.1%. His holdings were 2,500,000 shares as of 09/30/2010.
Unisys is a worldwide technology services and solutions company. Unisys Corp. has a market cap of $962.4 million; its shares were traded at around $22.58 with a P/E ratio of 5.1 and P/S ratio of 0.2.
New Purchase: Alcon Inc. (ACL, Financial)
Richard Perry initiated holdings in Alcon Inc.. His purchase prices were between $148.54 and $168.21, with an estimated average price of $159.5. The impact to his portfolio due to this purchase was 0.88%. His holdings were 335,602 shares as of 09/30/2010.
Alcon, Inc. is the world's eye care company. Alcon Inc. has a market cap of $48.89 billion; its shares were traded at around $162.76 with a P/E ratio of 21.6 and P/S ratio of 7.6. The dividend yield of Alcon Inc. stocks is 2%. Alcon Inc. had an annual average earning growth of 18.3% over the past 10 years.
New Purchase: Microsoft Corp. (MSFT, Financial)
Richard Perry initiated holdings in Microsoft Corp.. His purchase prices were between $23.27 and $26.33, with an estimated average price of $24.82. The impact to his portfolio due to this purchase was 0.75%. His holdings were 1,950,000 shares as of 09/30/2010.
Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $227.33 billion; its shares were traded at around $26.27 with a P/E ratio of 11.4 and P/S ratio of 3.6. The dividend yield of Microsoft Corp. stocks is 1.9%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
New Purchase: Brocade Communications Systems, Inc. (BRCD, Financial)
Richard Perry initiated holdings in Brocade Communications Systems, Inc.. His purchase prices were between $4.7 and $6.26, with an estimated average price of $5.3. The impact to his portfolio due to this purchase was 0.64%. His holdings were 7,000,000 shares as of 09/30/2010.
Brocade Communications Systems, Inc. delivers industry-platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. Brocade Communications Systems, Inc. has a market cap of $2.57 billion; its shares were traded at around $5.66 with a P/E ratio of 14.2 and P/S ratio of 1.3. Brocade Communications Systems, Inc. had an annual average earning growth of 3.8% over the past 10 years. GuruFocus rated Brocade Communications Systems, Inc. the business predictability rank of 2-star.
New Purchase: Motorola Inc. (MOT)
Richard Perry initiated holdings in Motorola Inc.. His purchase prices were between $6.48 and $8.68, with an estimated average price of $7.79. The impact to his portfolio due to this purchase was 0.54%. His holdings were 4,025,747 shares as of 09/30/2010.
Motorola, Inc. is a global leader in providing integrated communications solutions and embedded electronic solutions. Motorola Inc. has a market cap of $18.65 billion; its shares were traded at around $7.99 with a P/E ratio of 23.6 and P/S ratio of 0.9.
New Purchase: Mentor Graphics Corp. (MENT)
Richard Perry initiated holdings in Mentor Graphics Corp.. His purchase prices were between $8.29 and $11, with an estimated average price of $9.63. The impact to his portfolio due to this purchase was 0.5%. His holdings were 3,000,000 shares as of 09/30/2010.
MENTOR GRAPHICS CORP. designs, manufactures, markets and supports electronic design automation (EDA) software for the integrated circuit and systems design markets. Mentor Graphics Corp. has a market cap of $1.23 billion; its shares were traded at around $11.24 with a P/E ratio of 124.9 and P/S ratio of 1.5.
New Purchase: Healthspring Inc. (HS)
Richard Perry initiated holdings in Healthspring Inc.. His purchase prices were between $15.37 and $26.77, with an estimated average price of $19.82. The impact to his portfolio due to this purchase was 0.37%. His holdings were 900,000 shares as of 09/30/2010.
HealthSpring is an independent Tennessee-based managed care organization. Healthspring Inc. has a market cap of $1.59 billion; its shares were traded at around $27.83 with a P/E ratio of 8.7 and P/S ratio of 0.6.
New Purchase: Liberty Media Corp. Interactive Common S (LINTA)
Richard Perry initiated holdings in Liberty Media Corp. Interactive Common S. His purchase prices were between $10.23 and $13.84, with an estimated average price of $11.48. The impact to his portfolio due to this purchase was 0.35%. His holdings were 1,612,240 shares as of 09/30/2010.
Liberty Media Corporation owns a broad range of electronic retailing, media, communications and entertainment businesses and investments. Liberty Media Corp. Interactive Common S has a market cap of $8.67 billion; its shares were traded at around $15.24 with a P/E ratio of 13.8 and P/S ratio of 1.1.
New Purchase: Dell Inc. (DELL)
Richard Perry initiated holdings in Dell Inc.. His purchase prices were between $11.585 and $13.74, with an estimated average price of $12.62. The impact to his portfolio due to this purchase was 0.34%. His holdings were 1,680,000 shares as of 09/30/2010.
Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $26.1 billion; its shares were traded at around $13.42 with a P/E ratio of 11.9 and P/S ratio of 0.5. Dell Inc. had an annual average earning growth of 4.1% over the past 10 years.
New Purchase: Smart Technologies Inc. (SMT)
Richard Perry initiated holdings in Smart Technologies Inc.. His purchase prices were between $10.5 and $17.05, with an estimated average price of $13.51. The impact to his portfolio due to this purchase was 0.32%. His holdings were 1,500,000 shares as of 09/30/2010.
SMART Technologies Inc. designs, develops and sells interactive technology products and solutions for the education, business and government sectors. Smart Technologies Inc. has a market cap of $373.1 million; its shares were traded at around $8.42 .
New Purchase: Petroleo Brasileiro S.a.petrobras (PBR)
Richard Perry initiated holdings in Petroleo Brasileiro S.a.petrobras. His purchase prices were between $32.81 and $38.68, with an estimated average price of $35.69. The impact to his portfolio due to this purchase was 0.26%. His holdings were 450,000 shares as of 09/30/2010.
PETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad. Petroleo Brasileiro S.a.petrobras has a market cap of $126.04 billion; its shares were traded at around $33.87 with a P/E ratio of 8.6 and P/S ratio of 1.3. The dividend yield of Petroleo Brasileiro S.a.petrobras stocks is 0.4%. Petroleo Brasileiro S.a.petrobras had an annual average earning growth of 21.9% over the past 10 years. GuruFocus rated Petroleo Brasileiro S.a.petrobras the business predictability rank of 4-star.
New Purchase: Cirrus Logic Inc. (CRUS)
Richard Perry initiated holdings in Cirrus Logic Inc.. His purchase prices were between $15.1 and $20.54, with an estimated average price of $17.64. The impact to his portfolio due to this purchase was 0.18%. His holdings were 600,000 shares as of 09/30/2010.
Cirrus Logic Inc. is a premier supplier of high performance analog circuits and advanced mixed-signal chip solutions. Cirrus Logic Inc. has a market cap of $865.8 million; its shares were traded at around $12.78 with a P/E ratio of 13.8 and P/S ratio of 4.
New Purchase: Integrated Device Technology Inc. (IDTI)
Richard Perry initiated holdings in Integrated Device Technology Inc.. His purchase prices were between $4.87 and $6.22, with an estimated average price of $5.42. The impact to his portfolio due to this purchase was 0.18%. His holdings were 2,000,000 shares as of 09/30/2010.
Integrated Device Technology, Inc. designs, develops, manufactures and markets a broad range of high-performance semiconductor products and modules. Integrated Device Technology Inc. has a market cap of $973.6 million; its shares were traded at around $6.14 with a P/E ratio of 16.2 and P/S ratio of 1.9.
New Purchase: Crucell Nv (CRXL)
Richard Perry initiated holdings in Crucell Nv. His purchase prices were between $18.27 and $33.49, with an estimated average price of $21.51. The impact to his portfolio due to this purchase was 0.16%. His holdings were 300,000 shares as of 09/30/2010.
Crucell N.V. discovers, develops, and produces a variety of biopharmaceuticals for the treatment of human diseases. Crucell Nv has a market cap of $2.59 billion; its shares were traded at around $31.74 with a P/E ratio of 54.8 and P/S ratio of 5.4.
New Purchase: Exxon Mobil Corp. (XOM)
Richard Perry initiated holdings in Exxon Mobil Corp.. His purchase prices were between $56.57 and $62.72, with an estimated average price of $60.26. The impact to his portfolio due to this purchase was 0.16%. His holdings were 163,000 shares as of 09/30/2010.
Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $361.47 billion; its shares were traded at around $70.99 with a P/E ratio of 12.7 and P/S ratio of 1.2. The dividend yield of Exxon Mobil Corp. stocks is 2.5%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.
New Purchase: Ebay Inc. (EBAY)
Richard Perry initiated holdings in Ebay Inc.. His purchase prices were between $19.26 and $24.99, with an estimated average price of $22.37. The impact to his portfolio due to this purchase was 0.16%. His holdings were 425,000 shares as of 09/30/2010.
eBay is one of the world's largest online trading communities. Ebay Inc. has a market cap of $39.55 billion; its shares were traded at around $30.14 with a P/E ratio of 21.2 and P/S ratio of 4.6. Ebay Inc. had an annual average earning growth of 43.4% over the past 10 years.
New Purchase: Kraft Foods Inc. (KFT)
Richard Perry initiated holdings in Kraft Foods Inc.. His purchase prices were between $27.82 and $31.95, with an estimated average price of $29.94. The impact to his portfolio due to this purchase was 0.15%. His holdings were 315,000 shares as of 09/30/2010.
Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc. has a market cap of $53.4 billion; its shares were traded at around $30.62 with a P/E ratio of 15.2 and P/S ratio of 1.3. The dividend yield of Kraft Foods Inc. stocks is 3.8%. Kraft Foods Inc. had an annual average earning growth of 1.7% over the past 5 years.
New Purchase: Charming Shoppes Inc. (CHRS)
Richard Perry initiated holdings in Charming Shoppes Inc.. His purchase prices were between $2.96 and $4.54, with an estimated average price of $3.8. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,200,000 shares as of 09/30/2010.
Charming Shoppes operates women's specialty apparel stores under the names Fashion Bug, Fashion Bug Plus, Catherine's, PS. Charming Shoppes Inc. has a market cap of $408.7 million; its shares were traded at around $3.54 with and P/S ratio of 0.2.
New Purchase: The Williams Companies Inc. (WMB)
Richard Perry initiated holdings in The Williams Companies Inc.. His purchase prices were between $17.67 and $20.84, with an estimated average price of $19.15. The impact to his portfolio due to this purchase was 0.12%. His holdings were 401,505 shares as of 09/30/2010.
Williams Companies moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. The Williams Companies Inc. has a market cap of $13.48 billion; its shares were traded at around $23.05 with a P/E ratio of 20.6 and P/S ratio of 1.6. The dividend yield of The Williams Companies Inc. stocks is 2.2%. The Williams Companies Inc. had an annual average earning growth of 8.5% over the past 5 years.
New Purchase: Yahoo! Inc. (YHOO)
Richard Perry initiated holdings in Yahoo! Inc.. His purchase prices were between $13.109 and $15.52, with an estimated average price of $14.06. The impact to his portfolio due to this purchase was 0.11%. His holdings were 500,000 shares as of 09/30/2010.
Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. Yahoo! Inc. has a market cap of $22.31 billion; its shares were traded at around $16.55 with a P/E ratio of 28 and P/S ratio of 3.4.
New Purchase: Rite Aid Corp. (RAD)
Richard Perry initiated holdings in Rite Aid Corp.. His purchase prices were between $0.8699 and $1.1, with an estimated average price of $0.96. The impact to his portfolio due to this purchase was 0.1%. His holdings were 7,082,000 shares as of 09/30/2010.
Rite Aid Corporation is a retail drugstore chain in the United States serving customers in numerous states across the country and in the District of Columbia. Rite Aid Corp. has a market cap of $830.1 million; its shares were traded at around $0.9313 .
New Purchase: Petroleo Brasileiro S.a.petrobras (PBR.A)
Richard Perry initiated holdings in Petroleo Brasileiro S.a.petrobras. His purchase prices were between $28.95 and $33.61, with an estimated average price of $31.39. The impact to his portfolio due to this purchase was 0.09%. His holdings were 175,000 shares as of 09/30/2010.
Petrolo Brasilerio was founded in October of 1953 to operate in the Brazilian oil sector. Petroleo Brasileiro S.a.petrobras has a market cap of $127.65 billion; its shares were traded at around $30.68 with a P/E ratio of 9.4 and P/S ratio of 1. The dividend yield of Petroleo Brasileiro S.a.petrobras stocks is 0.5%.
New Purchase: Coinstar Inc. (CSTR)
Richard Perry initiated holdings in Coinstar Inc.. His purchase prices were between $39.52 and $49.9, with an estimated average price of $45.05. The impact to his portfolio due to this purchase was 0.07%. His holdings were 100,000 shares as of 09/30/2010.
Coinstar, Inc. operate a national network of self-service coin-counting machines in the U. Coinstar Inc. has a market cap of $2.01 billion; its shares were traded at around $61.41 with a P/E ratio of 38.8 and P/S ratio of 1.8. Coinstar Inc. had an annual average earning growth of 24.4% over the past 10 years. GuruFocus rated Coinstar Inc. the business predictability rank of 4-star.
New Purchase: Terrestar Corp. (TSTR)
Richard Perry initiated holdings in Terrestar Corp.. His purchase prices were between $0.1896 and $0.79, with an estimated average price of $0.43. The impact to his portfolio due to this purchase was 0.03%. His holdings were 5,000,000 shares as of 09/30/2010.
TerreStar Networks Inc a majority owned subsidiary of TerreStar Corporation, plans to build, own and operate North America's first integrated mobile satellite and terrestrial communications network that will provide universal access and tailored applications throughout North America over conventional wireless devices. Terrestar Corp. has a market cap of $18.5 million; its shares were traded at around $0.1115 with and P/S ratio of 7.8.
Reduced: Qep Resources Inc. (QEP)
Richard Perry reduced to his holdings in Qep Resources Inc. by 64.78%. His sale prices were between $28.18 and $34.9, with an estimated average price of $30.75. The impact to his portfolio due to this sale was -0.72%. Richard Perry still held 817,024 shares as of 09/30/2010.
QEP Resources is a independent natural gas and oil exploration and production company. Qep Resources Inc. has a market cap of $5.78 billion; its shares were traded at around $32.99 with and P/S ratio of 2.6. The dividend yield of Qep Resources Inc. stocks is 0.1%.
Reduced: Pacific Sunwear Of California Inc. (PSUN)
Richard Perry reduced to his holdings in Pacific Sunwear Of California Inc. by 36.51%. His sale prices were between $2.98 and $5.54, with an estimated average price of $4.06. The impact to his portfolio due to this sale was -0.09%. Richard Perry still held 2,000,000 shares as of 09/30/2010.
Pacific Sunwear of CA, Inc. and its wholly-owned subsidiaries is a specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. Pacific Sunwear Of California Inc. has a market cap of $369.9 million; its shares were traded at around $5.6 with and P/S ratio of 0.4.
Sold Out: Ishares Russell 2000 Index (IWM)
Richard Perry sold out his holdings in Ishares Russell 2000 Index. His sale prices were between $59.04 and $67.67, with an estimated average price of $63.59.
ISHARES RUSSELL 2000 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U. Ishares Russell 2000 Index has a market cap of $14.67 billion; its shares were traded at around $72.03 . The dividend yield of Ishares Russell 2000 Index stocks is 0.9%.
Sold Out: Qualcomm Inc. (QCOM, Financial)
Richard Perry sold out his holdings in Qualcomm Inc.. His sale prices were between $32.37 and $44.59, with an estimated average price of $39.06.
QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. Qualcomm Inc. has a market cap of $76.2 billion; its shares were traded at around $47.47 with a P/E ratio of 23.1 and P/S ratio of 7. The dividend yield of Qualcomm Inc. stocks is 1.6%. Qualcomm Inc. had an annual average earning growth of 15.4% over the past 10 years. GuruFocus rated Qualcomm Inc. the business predictability rank of 1-star.
Sold Out: Dollar Thrifty Automotive Group Inc. (DTG, Financial)
Richard Perry sold out his holdings in Dollar Thrifty Automotive Group Inc.. His sale prices were between $41.06 and $52.34, with an estimated average price of $48.1.
Dollar Thrifty Automotive Group Inc. operates two vehicle rental companies, Dollar and Thrifty, which maintain separate daily vehicle rental businesses. Dollar Thrifty Automotive Group Inc. has a market cap of $1.33 billion; its shares were traded at around $46.34 with a P/E ratio of 11.5 and P/S ratio of 0.9. Dollar Thrifty Automotive Group Inc. had an annual average earning growth of 1.6% over the past 10 years.
Sold Out: Questar Corp. (STR)
Richard Perry sold out his holdings in Questar Corp.. His sale prices were between $15.19 and $17.46, with an estimated average price of $16.71.
Questar Corporation is a natural gas-focused energy company with five major lines of business - gas and oil exploration and production, midstream field services, energy marketing, interstate gas transportation, and retail gas distribution. Questar Corp. has a market cap of $3.03 billion; its shares were traded at around $17.26 with a P/E ratio of 9.2 and P/S ratio of 1. The dividend yield of Questar Corp. stocks is 3.2%. Questar Corp. had an annual average earning growth of 18.1% over the past 10 years. GuruFocus rated Questar Corp. the business predictability rank of 4.5-star.
Sold Out: Kulicke And Soffa Industries Inc. (KLIC)
Richard Perry sold out his holdings in Kulicke And Soffa Industries Inc.. His sale prices were between $5.44 and $8.66, with an estimated average price of $6.44.
Kulicke and Soffa Inds. designs, manufactures and markets capital equipment and packaging materials for sale to companies that manufacture and assemble semiconductor devices. Kulicke And Soffa Industries Inc. has a market cap of $419 million; its shares were traded at around $5.95 with a P/E ratio of 4.1 and P/S ratio of 1.9.
Sold Out: Gilead Sciences Inc. (GILD)
Richard Perry sold out his holdings in Gilead Sciences Inc.. His sale prices were between $31.83 and $36.55, with an estimated average price of $34.2.
Gilead Sciences, Inc. is an independent biopharmaceutical company that seeks to provide accelerated solutions for patients and the people who care for them. Gilead Sciences Inc. has a market cap of $31.7 billion; its shares were traded at around $37.8 with a P/E ratio of 10.8 and P/S ratio of 4.5. Gilead Sciences Inc. had an annual average earning growth of 38.1% over the past 5 years.
Sold Out: Leap Wireless International Inc. (LEAP)
Richard Perry sold out his holdings in Leap Wireless International Inc.. His sale prices were between $9.73 and $13.45, with an estimated average price of $11.34.
Leap Wireless is a customer-focused company providing innovative mobile wireless services that are targeted to meet the needs of customers who are under-served by traditional communications companies. Leap Wireless International Inc. has a market cap of $937.7 million; its shares were traded at around $11.97 with and P/S ratio of 0.4. Leap Wireless International Inc. had an annual average earning growth of 9.6% over the past 5 years.
Sold Out: Net 1 Ueps Technologies Inc. (UEPS)
Richard Perry sold out his holdings in Net 1 Ueps Technologies Inc.. His sale prices were between $10.95 and $14.95, with an estimated average price of $13.07.
Net 1 U.E.P.S. Technologies provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies. Net 1 Ueps Technologies Inc. has a market cap of $520.9 million; its shares were traded at around $11.48 with a P/E ratio of 6.1 and P/S ratio of 1.8. Net 1 Ueps Technologies Inc. had an annual average earning growth of 8.5% over the past 5 years.
Sold Out: Bank Of America Warrants (BAC.WS.A)
Richard Perry sold out his holdings in Bank Of America Warrants. His sale prices were between $6.53 and $8.74, with an estimated average price of $7.35.
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Sold Out: Cocacola Enterprises Inc. (CCE)
Richard Perry sold out his holdings in Cocacola Enterprises Inc.. His sale prices were between $26.03 and $31.08, with an estimated average price of $28.92.
Coca-Cola Enterprises is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. Cocacola Enterprises Inc. has a market cap of $12.45 billion; its shares were traded at around $24.94 with a P/E ratio of 13.2 and P/S ratio of 0.6. The dividend yield of Cocacola Enterprises Inc. stocks is 1.5%.
Sold Out: Ford Motor Company (F.WS)
Richard Perry sold out his holdings in Ford Motor Company. His sale prices were between $3.1 and $5.13, with an estimated average price of $4.26.
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Sold Out: Fidelity National Information Services I (FIS)
Richard Perry sold out his holdings in Fidelity National Information Services I. His sale prices were between $25.66 and $28.79, with an estimated average price of $27.34.
Certegy Inc. provides credit, debit and merchant card processing, e-banking, check risk management and check cashing services to financial institutions and merchants worldwide. Fidelity National Information Services I has a market cap of $8.15 billion; its shares were traded at around $27.2 with a P/E ratio of 14.8 and P/S ratio of 2.1. The dividend yield of Fidelity National Information Services I stocks is 0.7%.
