After discussing David Tepper’s top picks and the stocks he keeps buying, here are the ones he keeps selling: Fifth Third Bancorp, Yahoo! Inc., Capital One Financial, Hartford Financial Svcs., Newcastle Investment Corp.
David Tepper made a killing with financials in 2009. As you can see from the holding history charts below, he bought most of them right at the market bottom in first quarter of 2009. He made more than 100% on most of all of them. Apparently now it is the time to sell, while average investors are pouring money in the market. These are the details of the sellings:
No. 1: Fifth Third Bancorp (FITB, Financial), Weightings: 2.83% - 9,465,006 Shares
David Tepper owns 9,465,006 shares of FITB, valued as $139 million as of Dec. 31, 2010, which accounts for 2.83% of his equity portfolio. David Tepper reduced his positions in the Sep. 30, 2010 quarter by 18.65%, again in the Dec. 31, 2010 quarter by 8.35%.
Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. Fifth Third Bancorp has a market cap of $11.63 billion; its shares were traded at around $14.6 with a P/E ratio of 23.55 and P/S ratio of 1.61. The dividend yield of Fifth Third Bancorp stocks is 0.27%.
No. 2: Yahoo! Inc. (YHOO, Financial), Weightings: 0.92% - 2,705,372 Shares
David Tepper owns 2,705,372 shares of YHOO, valued as $45 million as of Dec. 31, 2010, which accounts for 0.92% of his equity portfolio. David Tepper reduced his positions in the Sep. 30, 2010 quarter by 9.05%, again in the Dec. 31, 2010 quarter by 2.96%.
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 $21.51 billion; its shares were traded at around $16.5 with a P/E ratio of 22.3 and P/S ratio of 3.4.
No. 3: Capital One Financial (COF, Financial), Weightings: 0.89% - 1,026,009 Shares
David Tepper owns 1,026,009 shares of COF, valued as $44 million as of Dec. 31, 2010, which accounts for 0.89% of his equity portfolio. David Tepper reduced his positions in the Sep. 30, 2010 quarter by 19.17%, again in the Dec. 31, 2010 quarter by 28.19%.
Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. Capital One Financial has a market cap of $22.84 billion; its shares were traded at around $49.99 with a P/E ratio of 7.48 and P/S ratio of 1.2. The dividend yield of Capital One Financial stocks is 0.4%.
No. 4: Hartford Financial Svcs. (HIG, Financial), Weightings: 0.7% - 1,307,035 Shares
David Tepper owns 1,307,035 shares of HIG, valued as $35 million as of Dec. 31, 2010, which accounts for 0.7% of his equity portfolio. David Tepper reduced his positions in the Sep. 30, 2010 quarter by 75.38%, again in the Dec. 31, 2010 quarter by 14.1%.
Hartford Financial Services is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. Hartford Financial Svcs. has a market cap of $13.08 billion; its shares were traded at around $29.42 with a P/E ratio of 8.29 and P/S ratio of 0.58. The dividend yield of Hartford Financial Svcs. stocks is 0.68%.
No. 5: Newcastle Investment Corp. (NCT, Financial), Weightings: 0.33% - 2,425,156 Shares
David Tepper owns 2,425,156 shares of NCT, valued as $16 million as of Dec. 31, 2010, which accounts for 0.33% of his equity portfolio. David Tepper reduced his positions in the Sep. 30, 2010 quarter by 4.78%, again in the Dec. 31, 2010 quarter by 37.81%.
Newcastle Investment Corp invests in real estate securities and other real estate-related assets. Newcastle Investment Corp. has a market cap of $525.35 million; its shares were traded at around $8.47 with a P/E ratio of 0.85 and P/S ratio of 0.89.
To check the complete list of of David Tepper, please go to http://www.gurufocus.com/holdings.php?GuruName=David+Tepper
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David Tepper made a killing with financials in 2009. As you can see from the holding history charts below, he bought most of them right at the market bottom in first quarter of 2009. He made more than 100% on most of all of them. Apparently now it is the time to sell, while average investors are pouring money in the market. These are the details of the sellings:
No. 1: Fifth Third Bancorp (FITB, Financial), Weightings: 2.83% - 9,465,006 Shares
David Tepper owns 9,465,006 shares of FITB, valued as $139 million as of Dec. 31, 2010, which accounts for 2.83% of his equity portfolio. David Tepper reduced his positions in the Sep. 30, 2010 quarter by 18.65%, again in the Dec. 31, 2010 quarter by 8.35%.
Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. Fifth Third Bancorp has a market cap of $11.63 billion; its shares were traded at around $14.6 with a P/E ratio of 23.55 and P/S ratio of 1.61. The dividend yield of Fifth Third Bancorp stocks is 0.27%.
No. 2: Yahoo! Inc. (YHOO, Financial), Weightings: 0.92% - 2,705,372 Shares
David Tepper owns 2,705,372 shares of YHOO, valued as $45 million as of Dec. 31, 2010, which accounts for 0.92% of his equity portfolio. David Tepper reduced his positions in the Sep. 30, 2010 quarter by 9.05%, again in the Dec. 31, 2010 quarter by 2.96%.
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 $21.51 billion; its shares were traded at around $16.5 with a P/E ratio of 22.3 and P/S ratio of 3.4.
No. 3: Capital One Financial (COF, Financial), Weightings: 0.89% - 1,026,009 Shares
David Tepper owns 1,026,009 shares of COF, valued as $44 million as of Dec. 31, 2010, which accounts for 0.89% of his equity portfolio. David Tepper reduced his positions in the Sep. 30, 2010 quarter by 19.17%, again in the Dec. 31, 2010 quarter by 28.19%.
Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. Capital One Financial has a market cap of $22.84 billion; its shares were traded at around $49.99 with a P/E ratio of 7.48 and P/S ratio of 1.2. The dividend yield of Capital One Financial stocks is 0.4%.
No. 4: Hartford Financial Svcs. (HIG, Financial), Weightings: 0.7% - 1,307,035 Shares
David Tepper owns 1,307,035 shares of HIG, valued as $35 million as of Dec. 31, 2010, which accounts for 0.7% of his equity portfolio. David Tepper reduced his positions in the Sep. 30, 2010 quarter by 75.38%, again in the Dec. 31, 2010 quarter by 14.1%.
Hartford Financial Services is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. Hartford Financial Svcs. has a market cap of $13.08 billion; its shares were traded at around $29.42 with a P/E ratio of 8.29 and P/S ratio of 0.58. The dividend yield of Hartford Financial Svcs. stocks is 0.68%.
No. 5: Newcastle Investment Corp. (NCT, Financial), Weightings: 0.33% - 2,425,156 Shares
David Tepper owns 2,425,156 shares of NCT, valued as $16 million as of Dec. 31, 2010, which accounts for 0.33% of his equity portfolio. David Tepper reduced his positions in the Sep. 30, 2010 quarter by 4.78%, again in the Dec. 31, 2010 quarter by 37.81%.
Newcastle Investment Corp invests in real estate securities and other real estate-related assets. Newcastle Investment Corp. has a market cap of $525.35 million; its shares were traded at around $8.47 with a P/E ratio of 0.85 and P/S ratio of 0.89.
To check the complete list of of David Tepper, please go to http://www.gurufocus.com/holdings.php?GuruName=David+Tepper
Premium Membership is needed to access the history charts. If you are not a premium member, we invite you for a 7-day Free Trial.
