Bruce Berkowitz weathered relatively well during this market crash, as he did not own the like of Washington Mutual, Lehmans, or Freddie Mac. As of Sept. 30, his funds declined just 8.76%, beating 99% of the mutual funds. Berkowitz owns 38 stocks with a total value of $9.5 billion. These are the details of the buys and sells of the third quarter.
Bruce Berkowitz buys The Boeing Company, Northrop Grumman Corp., Hertz Global Holdings Inc., Spirit AeroSystems Holdings Inc., sells Duke Energy Corp., Herbalife Ltd., Jefferies Group Inc., Mueller Water Products Inc. Series A, Mylan Laboratories Inc., Spectra Energy Corp, USG Corp. during the 3-months ended 09/30/2008, according to the most recent filings of his investment company, Fairholme Capital Managment. Bruce
New Purchases: BA, HTZ, NOC, SPR,
Added Positions: ACF, CNQ, FRX, JOE, LUK, PFE, SHLD, UNH, FUR, ACF, URI,
Reduced Positions: BRK-A, BRK-B, DISH, HOFD.OB, IDT, MCY, PWE, SATS, IDT-C, MHK,
Sold Out: DUK, HLF, JEF, MWA, MYL, SE, USG,
For the details of Bruce Berkowitz's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bruce+Berkowitz
Added: Pfizer Inc (PFE, Financial)
Bruce Berkowitz added to his holdings in Pfizer Inc by 26.11%. His purchase prices were between $17.16 and $19.62, with an estimated average price of $18.4. The impact to his portfolio due to this purchase was 3.75%. His holdings were 92,993,625 shares as of 09/30/2008.
Pfizer Inc is a research-based global pharmaceutical company that discovers and develops innovative value-added products that improve the quality of life of people around the world and help them enjoy longer healthier and more productive lives. Pfizer has three business segments: health care animal health and consumer health care. Its products are available in numerous countries. (Company Press Release) Pfizer Inc has a market cap of $112.81 billion; its shares were traded at around $15.83 with a P/E ratio of 10.71 and P/S ratio of 2.19. The dividend yield of Pfizer Inc stocks is 7.23%.
Added: Sears Holdings Corp. (SHLD, Financial)
Bruce Berkowitz added to his holdings in Sears Holdings Corp. by 18.01%. His purchase prices were between $70.91 and $101.48, with an estimated average price of $87.1. The impact to his portfolio due to this purchase was 2.2%. His holdings were 14,596,690 shares as of 09/30/2008.
Sears Holdings Corporation the parent of Kmart and Sears Roebuck and Co. is the leading home appliance retailer in North America and is a retail sales leader in tools lawn and garden home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore Craftsman and DieHard and a broad apparel offering including such well-known labels as Lands' End Jaclyn Smith and Joe Boxer as well as the Apostrophe and Covington brands. Sears Holdings Corp. has a market cap of $5.63 billion; its shares were traded at around $44.88 with a P/E ratio of 13.57 and P/S ratio of 0.11.
Added: Leucadia National Corp. (LUK, Financial)
Bruce Berkowitz added to his holdings in Leucadia National Corp. by 35.41%. His purchase prices were between $42.53 and $46.29, with an estimated average price of $44.1. The impact to his portfolio due to this purchase was 1.95%. His holdings were 15,497,343 shares as of 09/30/2008.
LEUCADIA NATL is a diversified financial services holding companyprincipally engaged in personal and commercial lines of property and casualty insurance life insurance banking and lending and manufacturing. The Company concentrates on return on investment and cash flow to build long-term shareholder value rather than emphasizing volume or market share. Additionally the Company continuously evaluates the retention and disposition of its existing operations and investigates possible acquisitions of new businesses in order to maximize shareholder value. Leucadia National Corp. has a market cap of $4.77 billion; its shares were traded at around $18.35 with a P/E ratio of 8.24 and P/S ratio of 3.62. The dividend yield of Leucadia National Corp. stocks is 0.93%.
Added: Forest Laboratories Inc. (FRX, Financial)
Bruce Berkowitz added to his holdings in Forest Laboratories Inc. by 47.47%. His purchase prices were between $28.44 and $38.71, with an estimated average price of $34.1. The impact to his portfolio due to this purchase was 1.74%. His holdings were 18,094,100 shares as of 09/30/2008.
Forest Laboratories Inc. and its subsidiaries develop manufacture and sell both branded and generic forms of ethical drug products which require a physician's prescription as well as non-prescription pharmaceuticalproducts sold over-the-counter. Forest's most important United Statesproducts consist of branded ethical drug specialties marketed directly or to physicians by the company's Forest Pharmaceuticals Forest Therapeutics and Forest Specialty Sales salesforces. Forest Laboratories Inc. has a market cap of $7.19 billion; its shares were traded at around $22.17 with a P/E ratio of 7.60 and P/S ratio of 1.76.
Added: Canadian Natural Resources Ltd. (CNQ, Financial)
Bruce Berkowitz added to his holdings in Canadian Natural Resources Ltd. by 45.81%. His purchase prices were between $72.62 and $95.6, with an estimated average price of $81.5. The impact to his portfolio due to this purchase was 1.58%. His holdings were 6,961,323 shares as of 09/30/2008.
Canadian Natural Resources Limited is a senior independent oil and natural gas exploration development and production company based in Calgary Alberta. The Company's operations are focused in Western Canada the North Sea and Offshore West Africa. Canadian Natural Resources Ltd. has a market cap of $22.5 billion; its shares were traded at around $38.84 with a P/E ratio of 6.74 and P/S ratio of 1.71. The dividend yield of Canadian Natural Resources Ltd. stocks is 0.74%.
Added: UnitedHealth Group Inc. (UNH, Financial)
Bruce Berkowitz added to his holdings in UnitedHealth Group Inc. by 22.46%. His purchase prices were between $22.16 and $33.01, with an estimated average price of $27.7. The impact to his portfolio due to this purchase was 1.02%. His holdings were 20,695,583 shares as of 09/30/2008.
UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. The company's products and services reflect a number of core capabilities including medical information management health benefit administration care coordination risk assessment and pricing health benefit design and provider contracting. With these capabilities it is able to provide comprehensive health care management services through organized health systems and insurance products. UnitedHealth Group Inc. has a market cap of $25.17 billion; its shares were traded at around $18.87 with a P/E ratio of 7.62 and P/S ratio of 0.29. The dividend yield of UnitedHealth Group Inc. stocks is 0.13%.
Added: AmeriCredit Corp. (ACF, Financial)
Bruce Berkowitz added to his holdings in AmeriCredit Corp. by 40.37%. His purchase prices were between $7.44 and $12.52, with an estimated average price of $9.6. The impact to his portfolio due to this purchase was 0.65%. His holdings were 21,049,200 shares as of 09/30/2008.
AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers and directly to consumers in the United States and Canada. AmeriCredit Corp. has a market cap of $708.09 million; its shares were traded at around $4.75 with P/S ratio of 1.16.
Added: The St. Joe Company (JOE, Financial)
Bruce Berkowitz added to his holdings in The St. Joe Company by 16.02%. His purchase prices were between $32.66 and $42.49, with an estimated average price of $36.5. The impact to his portfolio due to this purchase was 0.63%. His holdings were 11,012,900 shares as of 09/30/2008.
St. Joe Company is one of the Southeast's largest real estate operating companies. St. Joe provides a broad range of real estate services to meet both residential and commercial real estate needs. The company is one of the few real estate operating companies to have assembled the range of real estate financial marketing and regulatory expertise to take a large-scale approach to real estate development and services. The St. Joe Company has a market cap of $2.46 billion; its shares were traded at around $24.46 with P/S ratio of 7.25.
New Purchase: The Boeing Company (BA, Financial)
Bruce Berkowitz initiated holdings in The Boeing Company. His purchase prices were between $57.88 and $67.35, with an estimated average price of $63.2. The impact to his portfolio due to this purchase was 4.99%. His holdings were 8,236,177 shares as of 09/30/2008.
The Boeing Company is one of the world's major aerospace firms. The company operates in three principal segments: commercial airplanes; military aircraft and missiles; and space and communications. The Boeing Company has a market cap of $31.63 billion; its shares were traded at around $42.52 with a P/E ratio of 8.44 and P/S ratio of 0.47. The dividend yield of The Boeing Company stocks is 3.05%.
New Purchase: Northrop Grumman Corp. (NOC, Financial)
Bruce Berkowitz initiated holdings in Northrop Grumman Corp.. His purchase prices were between $63 and $70.72, with an estimated average price of $67.6. The impact to his portfolio due to this purchase was 2.81%. His holdings were 4,389,480 shares as of 09/30/2008.
Northrop Grumman Corporation is a high technology company providing innovative solutions in systems integration defense electronics and information technology for its U.S. and international military government and commercial customers as a prime contractor principal subcontractor team member or preferred supplier. (Company Press Release) Northrop Grumman Corp. has a market cap of $13.86 billion; its shares were traded at around $40.48 with a P/E ratio of 8.47 and P/S ratio of 0.39. The dividend yield of Northrop Grumman Corp. stocks is 3.41%.
New Purchase: Hertz Global Holdings Inc. (HTZ, Financial)
Bruce Berkowitz initiated holdings in Hertz Global Holdings Inc.. His purchase prices were between $5.92 and $9.76, with an estimated average price of $8.5. The impact to his portfolio due to this purchase was 0.99%. His holdings were 12,360,500 shares as of 09/30/2008.
HERTZ GLOBAL HOLDING is the worlds largest general use car rental brand operating from approximately 8100 locations in 147 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 69 major airports in Europe operating both corporate and licensee locations in cities and airports in North America Hertz Global Holdings Inc. has a market cap of $1.63 billion; its shares were traded at around $4.04 with a P/E ratio of 17.75 and P/S ratio of 0.15.
New Purchase: Spirit AeroSystems Holdings Inc. (SPR, Financial)
Bruce Berkowitz initiated holdings in Spirit AeroSystems Holdings Inc.. His purchase prices were between $16.27 and $23.09, with an estimated average price of $21.2. The impact to his portfolio due to this purchase was 0.51%. His holdings were 3,031,600 shares as of 09/30/2008.
SPIRIT AEROSYSTEMS is the world's largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility Spirit has operations in Tulsa and McAlester Okla. Prestwick Scotland and Samlesbury England. In the U.S. Spirit's core products include fuselages pylons nacelles and wing components. Additionally Spirit provides aftermarket customer support services including spare parts maintenance/repair/overhaul and fleet support services in North America and Europe. Spirit Europe produces wing components for a host of customers including Airbus. Spirit AeroSystems Holdings Inc. has a market cap of $1.65 billion; its shares were traded at around $11.6 with a P/E ratio of 5.10 and P/S ratio of 0.40.
Reduced: Mercury General Corp. (MCY)
Bruce Berkowitz reduced to his holdings in Mercury General Corp. by 92.1%. His sale prices were between $45.54 and $61.9, with an estimated average price of $50.5. The impact to his portfolio due to this sale was less than 0.01%. Bruce Berkowitz still held 5,150 shares as of 09/30/2008.
Mercury General Corp. is engaged primarily in writing all risk classifications of automobile insurance in a number of states principallyCalifornia. The company offers automobile policyholders the following types of coverage: bodily injury liability underinsured and uninsured motorist property damage liability comprehensive collision and other hazards specified in the policy. Mercury General Corp. has a market cap of $2.53 billion; its shares were traded at around $43 with a P/E ratio of 14.52 and P/S ratio of 0.78. The dividend yield of Mercury General Corp. stocks is 4.52%.
Reduced: Penn West Energy Trust Trust Units (PWE)
Bruce Berkowitz reduced to his holdings in Penn West Energy Trust Trust Units by 80.95%. His sale prices were between $24.61 and $30.23, with an estimated average price of $27.4. The impact to his portfolio due to this sale was -0.01%. Bruce Berkowitz still held 31,876 shares as of 09/30/2008.
PENN WEST ENERGY TRUST is a senior oil and natural gas energy trust based in Calgary Alberta. Penn West trust units and debentures are listed on the Toronto Stock Exchange under the symbols PWT.UN PWT.DB.A PWT.DB.B PWT.DB.C PWT.DB.D PWT.DB.E and PWT.DB.F and Penn West trust units are listed on the New York Stock Exchange under the symbol PWE. Penn West Energy Trust Trust Units has a market cap of $6.26 billion; its shares were traded at around $15.14 with a P/E ratio of 292.68 and P/S ratio of 2.12. The dividend yield of Penn West Energy Trust Trust Units stocks is 21.47%.
Reduced: IDT Corp. (IDT)
Bruce Berkowitz reduced to his holdings in IDT Corp. by 52.53%. His sale prices were between $0.74 and $1.83, with an estimated average price of $1.5. The impact to his portfolio due to this sale was -0.01%. Bruce Berkowitz still held 3,119,800 shares as of 09/30/2008.
IDT Corporation through its IDT Telecom subsidiary is a facilities-based multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom by means of its own national telecommunications backbone and fiber optic network infrastructure provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Corp. has a market cap of $55.93 million; its shares were traded at around $0.739 with P/S ratio of 0.03.
Reduced: HomeFed Corp. (HOFD.OB)
Bruce Berkowitz reduced to his holdings in HomeFed Corp. by 28.06%. His sale prices were between $40.5 and $45, with an estimated average price of $43.1. The impact to his portfolio due to this sale was -0.03%. Bruce Berkowitz still held 208,957 shares as of 09/30/2008.
HomeFed Corp. has a market cap of $165.46 million; its shares were traded at around $20.75 with a P/E ratio of 77.21 and P/S ratio of 12.47.
Reduced: Berkshire Hathaway Inc. (BRK-B)
Bruce Berkowitz reduced to his holdings in Berkshire Hathaway Inc. by 45.59%. His sale prices were between $3770 and $4595, with an estimated average price of $3992.8. The impact to his portfolio due to this sale was -0.18%. Bruce Berkowitz still held 8,511 shares as of 09/30/2008.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these is the property and casualty insurance business conducted nationwide on a direct basis and worldwide on a reinsurance basis through a number of subsidiaries collectively referred to as the Berkshire Hathaway Insurance Group. Berkshire Hathaway Inc. has a market cap of $ million; its shares were traded at around $3360 .
Reduced: ECHOSTAR CORPORATION (SATS)
Bruce Berkowitz reduced to his holdings in ECHOSTAR CORPORATION by 41%. His sale prices were between $26.66 and $33.19, with an estimated average price of $30.7. The impact to his portfolio due to this sale was -0.38%. Bruce Berkowitz still held 3,618,426 shares as of 09/30/2008.
ECHOSTAR CORP is a publicly traded company. They intend to operate two primary businesses a digital set-top box business and a fixed satellite services business. Their set-top box business designs develops and distributes set-top boxes and related products for direct-to-home satellite service providers. ECHOSTAR CORPORATION has a market cap of $1.46 billion; its shares were traded at around $16.46 with a P/E ratio of 8.20 and P/S ratio of 0.63.
Reduced: DISH NETWORK CORPORATION CLASS A COMMON (DISH)
Bruce Berkowitz reduced to his holdings in DISH NETWORK CORPORATION CLASS A COMMON by 21.41%. His sale prices were between $24.55 and $31.47, with an estimated average price of $28.1. The impact to his portfolio due to this sale was -0.93%. Bruce Berkowitz still held 19,580,622 shares as of 09/30/2008.
DISH NETWORK CP offers satellite television products and services. The company operates three business units: The DISH Network - the direct broadcast satellite subscription television service in the United States. EchoStar Technologies Corporation division which is principally responsible for the design of digital set-top boxes or satellite receivers and the sale of set-top boxes to international operators. Satellite Services division provides video audio and data services to business television customers and other satellite users. DISH NETWORK CORPORATION CLASS A COMMON has a market cap of $5.23 billion; its shares were traded at around $11.4 with a P/E ratio of 5.46 and P/S ratio of 0.45.
Reduced: Berkshire Hathaway Inc. (BRK-A)
Bruce Berkowitz reduced to his holdings in Berkshire Hathaway Inc. by 51.73%. His sale prices were between $113000 and $147000, with an estimated average price of $120703. The impact to his portfolio due to this sale was -2.87%. Bruce Berkowitz still held 4,013 shares as of 09/30/2008.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these are insurance businesses conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire also owns and operates a number of other businesses engaged in a variety of activities as identified herein. Berkshire Hathaway Inc. has a market cap of $159.24 billion; its shares were traded at around $103333 with a P/E ratio of 20.35 and P/S ratio of 1.44.
Sold Out: Jefferies Group Inc. (JEF)
Bruce Berkowitz sold out his holdings in Jefferies Group Inc.. His sale prices were between $15.25 and $24, with an estimated average price of $18.8. The impact to his portfolio due to this sale was less than 0.01%.
Jefferies Group Inc. is a holding company whose affiliated companies including its principal operating subsidiary Jefferies & Company Inc. offer a variety of services for institutional investors and middle-market companies. Subsidiaries of Jefferies Group Inc. together comprise a full-service investment bank and institutional securities firm focused on the middle market. Jefferies offers financial advisory capital raising mergers and acquisitions and restructuring services to small and mid-cap companies. Jefferies Group Inc. has a market cap of $2.23 billion; its shares were traded at around $12.44 with P/S ratio of 1.67.
Sold Out: Spectra Energy Corp (SE)
Bruce Berkowitz sold out his holdings in Spectra Energy Corp. His sale prices were between $24.58 and $27.33, with an estimated average price of $25.7. The impact to his portfolio due to this sale was less than 0.01%.
SPECTRA ENERGY CORP is one of North America's premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing transmission and storage and distribution. For close to a century Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Spectra Energy Corp has a market cap of $10.77 billion; its shares were traded at around $15.45 with a P/E ratio of 8.90 and P/S ratio of 1.80. The dividend yield of Spectra Energy Corp stocks is 5.17%.
Sold Out: USG Corp. (USG)
Bruce Berkowitz sold out his holdings in USG Corp.. His sale prices were between $24.39 and $30.91, with an estimated average price of $27.6. The impact to his portfolio due to this sale was less than 0.01%.
USG Corp. through its subsidiaries is a leading manufacturer and distributor of building materials producing a wide range of products for use in new residential new nonresidential and repair and remodel construction as well as products used in certain industrial processes. USG's operations are organized into three operating segments: North American Gypsum Worldwide Ceilings and Building Products Distribution. USG Corp. has a market cap of $958.81 million; its shares were traded at around $9.23 with P/S ratio of 0.19.
Sold Out: Mylan Laboratories Inc. (MYL)
Bruce Berkowitz sold out his holdings in Mylan Laboratories Inc.. His sale prices were between $11.55 and $14.02, with an estimated average price of $12.6. The impact to his portfolio due to this sale was less than 0.01%.
Mylan Inc. is one of the world's leading quality generic and specialty pharmaceutical companies. The Company offers one of the industry's broadest and highest quality product portfolios a robust product pipeline and a global commercial footprint through operations in more than 90 countries. Through its controlling interest in Matrix Laboratories Limited Mylan has direct access to one of the largest active pharmaceutical ingredient manufacturers in the world. Dey L.P. Mylan's fully integrated specialty business provides the Company with innovative and diversified opportunities in the respiratory and allergy therapeutic areas. Mylan Laboratories Inc. has a market cap of $2.84 billion; its shares were traded at around $9.11 with P/S ratio of 0.55.
Sold Out: Mueller Water Products Inc. Series A (MWA)
Bruce Berkowitz sold out his holdings in Mueller Water Products Inc. Series A. His sale prices were between $7.55 and $12.44, with an estimated average price of $10.1. The impact to his portfolio due to this sale was less than 0.01%.
Walter Industries is a diversified Company and leader in water infrastructure flow control and water transmission products. The Company is a signficant producer of high-quality metallurgical coal and natural gas for worldwide markets and is also a leader in affordable homebuilding and financing. Mueller Water Products Inc. Series A has a market cap of $716.47 million; its shares were traded at around $5.44 with a P/E ratio of 18.37 and P/S ratio of 0.34. The dividend yield of Mueller Water Products Inc. Series A stocks is 1%.
Sold Out: Duke Energy Corp. (DUK)
Bruce Berkowitz sold out his holdings in Duke Energy Corp.. His sale prices were between $16.64 and $18.03, with an estimated average price of $17.3. The impact to his portfolio due to this sale was less than 0.01%.
Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U.S. and abroad. Duke Energy provides these and other services through seven business segments: Electric Operations; Natural Gas Transmission; Field Services; Trading and Marketing; Global Asset Development; Other Energy Services; Real Estate Operations. Duke Energy Corp. has a market cap of $20.38 billion; its shares were traded at around $15.3 with a P/E ratio of 16.03 and P/S ratio of 1.51. The dividend yield of Duke Energy Corp. stocks is 5.62%.
Sold Out: Herbalife Ltd. (HLF)
Bruce Berkowitz sold out his holdings in Herbalife Ltd.. His sale prices were between $37.63 and $48.38, with an estimated average price of $42.8. The impact to his portfolio due to this sale was less than 0.01%.
Herbalife is a global network marketing company offering a range of science-based weight management products nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. Herbalife Ltd. has a market cap of $1.21 billion; its shares were traded at around $17.43 with a P/E ratio of 5.28 and P/S ratio of 0.46. The dividend yield of Herbalife Ltd. stocks is 3.27%.
Bruce Berkowitz buys The Boeing Company, Northrop Grumman Corp., Hertz Global Holdings Inc., Spirit AeroSystems Holdings Inc., sells Duke Energy Corp., Herbalife Ltd., Jefferies Group Inc., Mueller Water Products Inc. Series A, Mylan Laboratories Inc., Spectra Energy Corp, USG Corp. during the 3-months ended 09/30/2008, according to the most recent filings of his investment company, Fairholme Capital Managment. Bruce
New Purchases: BA, HTZ, NOC, SPR,
Added Positions: ACF, CNQ, FRX, JOE, LUK, PFE, SHLD, UNH, FUR, ACF, URI,
Reduced Positions: BRK-A, BRK-B, DISH, HOFD.OB, IDT, MCY, PWE, SATS, IDT-C, MHK,
Sold Out: DUK, HLF, JEF, MWA, MYL, SE, USG,
For the details of Bruce Berkowitz's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bruce+Berkowitz
Added: Pfizer Inc (PFE, Financial)
Bruce Berkowitz added to his holdings in Pfizer Inc by 26.11%. His purchase prices were between $17.16 and $19.62, with an estimated average price of $18.4. The impact to his portfolio due to this purchase was 3.75%. His holdings were 92,993,625 shares as of 09/30/2008.
Pfizer Inc is a research-based global pharmaceutical company that discovers and develops innovative value-added products that improve the quality of life of people around the world and help them enjoy longer healthier and more productive lives. Pfizer has three business segments: health care animal health and consumer health care. Its products are available in numerous countries. (Company Press Release) Pfizer Inc has a market cap of $112.81 billion; its shares were traded at around $15.83 with a P/E ratio of 10.71 and P/S ratio of 2.19. The dividend yield of Pfizer Inc stocks is 7.23%.
Added: Sears Holdings Corp. (SHLD, Financial)
Bruce Berkowitz added to his holdings in Sears Holdings Corp. by 18.01%. His purchase prices were between $70.91 and $101.48, with an estimated average price of $87.1. The impact to his portfolio due to this purchase was 2.2%. His holdings were 14,596,690 shares as of 09/30/2008.
Sears Holdings Corporation the parent of Kmart and Sears Roebuck and Co. is the leading home appliance retailer in North America and is a retail sales leader in tools lawn and garden home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore Craftsman and DieHard and a broad apparel offering including such well-known labels as Lands' End Jaclyn Smith and Joe Boxer as well as the Apostrophe and Covington brands. Sears Holdings Corp. has a market cap of $5.63 billion; its shares were traded at around $44.88 with a P/E ratio of 13.57 and P/S ratio of 0.11.
Added: Leucadia National Corp. (LUK, Financial)
Bruce Berkowitz added to his holdings in Leucadia National Corp. by 35.41%. His purchase prices were between $42.53 and $46.29, with an estimated average price of $44.1. The impact to his portfolio due to this purchase was 1.95%. His holdings were 15,497,343 shares as of 09/30/2008.
LEUCADIA NATL is a diversified financial services holding companyprincipally engaged in personal and commercial lines of property and casualty insurance life insurance banking and lending and manufacturing. The Company concentrates on return on investment and cash flow to build long-term shareholder value rather than emphasizing volume or market share. Additionally the Company continuously evaluates the retention and disposition of its existing operations and investigates possible acquisitions of new businesses in order to maximize shareholder value. Leucadia National Corp. has a market cap of $4.77 billion; its shares were traded at around $18.35 with a P/E ratio of 8.24 and P/S ratio of 3.62. The dividend yield of Leucadia National Corp. stocks is 0.93%.
Added: Forest Laboratories Inc. (FRX, Financial)
Bruce Berkowitz added to his holdings in Forest Laboratories Inc. by 47.47%. His purchase prices were between $28.44 and $38.71, with an estimated average price of $34.1. The impact to his portfolio due to this purchase was 1.74%. His holdings were 18,094,100 shares as of 09/30/2008.
Forest Laboratories Inc. and its subsidiaries develop manufacture and sell both branded and generic forms of ethical drug products which require a physician's prescription as well as non-prescription pharmaceuticalproducts sold over-the-counter. Forest's most important United Statesproducts consist of branded ethical drug specialties marketed directly or to physicians by the company's Forest Pharmaceuticals Forest Therapeutics and Forest Specialty Sales salesforces. Forest Laboratories Inc. has a market cap of $7.19 billion; its shares were traded at around $22.17 with a P/E ratio of 7.60 and P/S ratio of 1.76.
Added: Canadian Natural Resources Ltd. (CNQ, Financial)
Bruce Berkowitz added to his holdings in Canadian Natural Resources Ltd. by 45.81%. His purchase prices were between $72.62 and $95.6, with an estimated average price of $81.5. The impact to his portfolio due to this purchase was 1.58%. His holdings were 6,961,323 shares as of 09/30/2008.
Canadian Natural Resources Limited is a senior independent oil and natural gas exploration development and production company based in Calgary Alberta. The Company's operations are focused in Western Canada the North Sea and Offshore West Africa. Canadian Natural Resources Ltd. has a market cap of $22.5 billion; its shares were traded at around $38.84 with a P/E ratio of 6.74 and P/S ratio of 1.71. The dividend yield of Canadian Natural Resources Ltd. stocks is 0.74%.
Added: UnitedHealth Group Inc. (UNH, Financial)
Bruce Berkowitz added to his holdings in UnitedHealth Group Inc. by 22.46%. His purchase prices were between $22.16 and $33.01, with an estimated average price of $27.7. The impact to his portfolio due to this purchase was 1.02%. His holdings were 20,695,583 shares as of 09/30/2008.
UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. The company's products and services reflect a number of core capabilities including medical information management health benefit administration care coordination risk assessment and pricing health benefit design and provider contracting. With these capabilities it is able to provide comprehensive health care management services through organized health systems and insurance products. UnitedHealth Group Inc. has a market cap of $25.17 billion; its shares were traded at around $18.87 with a P/E ratio of 7.62 and P/S ratio of 0.29. The dividend yield of UnitedHealth Group Inc. stocks is 0.13%.
Added: AmeriCredit Corp. (ACF, Financial)
Bruce Berkowitz added to his holdings in AmeriCredit Corp. by 40.37%. His purchase prices were between $7.44 and $12.52, with an estimated average price of $9.6. The impact to his portfolio due to this purchase was 0.65%. His holdings were 21,049,200 shares as of 09/30/2008.
AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers and directly to consumers in the United States and Canada. AmeriCredit Corp. has a market cap of $708.09 million; its shares were traded at around $4.75 with P/S ratio of 1.16.
Added: The St. Joe Company (JOE, Financial)
Bruce Berkowitz added to his holdings in The St. Joe Company by 16.02%. His purchase prices were between $32.66 and $42.49, with an estimated average price of $36.5. The impact to his portfolio due to this purchase was 0.63%. His holdings were 11,012,900 shares as of 09/30/2008.
St. Joe Company is one of the Southeast's largest real estate operating companies. St. Joe provides a broad range of real estate services to meet both residential and commercial real estate needs. The company is one of the few real estate operating companies to have assembled the range of real estate financial marketing and regulatory expertise to take a large-scale approach to real estate development and services. The St. Joe Company has a market cap of $2.46 billion; its shares were traded at around $24.46 with P/S ratio of 7.25.
New Purchase: The Boeing Company (BA, Financial)
Bruce Berkowitz initiated holdings in The Boeing Company. His purchase prices were between $57.88 and $67.35, with an estimated average price of $63.2. The impact to his portfolio due to this purchase was 4.99%. His holdings were 8,236,177 shares as of 09/30/2008.
The Boeing Company is one of the world's major aerospace firms. The company operates in three principal segments: commercial airplanes; military aircraft and missiles; and space and communications. The Boeing Company has a market cap of $31.63 billion; its shares were traded at around $42.52 with a P/E ratio of 8.44 and P/S ratio of 0.47. The dividend yield of The Boeing Company stocks is 3.05%.
New Purchase: Northrop Grumman Corp. (NOC, Financial)
Bruce Berkowitz initiated holdings in Northrop Grumman Corp.. His purchase prices were between $63 and $70.72, with an estimated average price of $67.6. The impact to his portfolio due to this purchase was 2.81%. His holdings were 4,389,480 shares as of 09/30/2008.
Northrop Grumman Corporation is a high technology company providing innovative solutions in systems integration defense electronics and information technology for its U.S. and international military government and commercial customers as a prime contractor principal subcontractor team member or preferred supplier. (Company Press Release) Northrop Grumman Corp. has a market cap of $13.86 billion; its shares were traded at around $40.48 with a P/E ratio of 8.47 and P/S ratio of 0.39. The dividend yield of Northrop Grumman Corp. stocks is 3.41%.
New Purchase: Hertz Global Holdings Inc. (HTZ, Financial)
Bruce Berkowitz initiated holdings in Hertz Global Holdings Inc.. His purchase prices were between $5.92 and $9.76, with an estimated average price of $8.5. The impact to his portfolio due to this purchase was 0.99%. His holdings were 12,360,500 shares as of 09/30/2008.
HERTZ GLOBAL HOLDING is the worlds largest general use car rental brand operating from approximately 8100 locations in 147 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 69 major airports in Europe operating both corporate and licensee locations in cities and airports in North America Hertz Global Holdings Inc. has a market cap of $1.63 billion; its shares were traded at around $4.04 with a P/E ratio of 17.75 and P/S ratio of 0.15.
New Purchase: Spirit AeroSystems Holdings Inc. (SPR, Financial)
Bruce Berkowitz initiated holdings in Spirit AeroSystems Holdings Inc.. His purchase prices were between $16.27 and $23.09, with an estimated average price of $21.2. The impact to his portfolio due to this purchase was 0.51%. His holdings were 3,031,600 shares as of 09/30/2008.
SPIRIT AEROSYSTEMS is the world's largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility Spirit has operations in Tulsa and McAlester Okla. Prestwick Scotland and Samlesbury England. In the U.S. Spirit's core products include fuselages pylons nacelles and wing components. Additionally Spirit provides aftermarket customer support services including spare parts maintenance/repair/overhaul and fleet support services in North America and Europe. Spirit Europe produces wing components for a host of customers including Airbus. Spirit AeroSystems Holdings Inc. has a market cap of $1.65 billion; its shares were traded at around $11.6 with a P/E ratio of 5.10 and P/S ratio of 0.40.
Reduced: Mercury General Corp. (MCY)
Bruce Berkowitz reduced to his holdings in Mercury General Corp. by 92.1%. His sale prices were between $45.54 and $61.9, with an estimated average price of $50.5. The impact to his portfolio due to this sale was less than 0.01%. Bruce Berkowitz still held 5,150 shares as of 09/30/2008.
Mercury General Corp. is engaged primarily in writing all risk classifications of automobile insurance in a number of states principallyCalifornia. The company offers automobile policyholders the following types of coverage: bodily injury liability underinsured and uninsured motorist property damage liability comprehensive collision and other hazards specified in the policy. Mercury General Corp. has a market cap of $2.53 billion; its shares were traded at around $43 with a P/E ratio of 14.52 and P/S ratio of 0.78. The dividend yield of Mercury General Corp. stocks is 4.52%.
Reduced: Penn West Energy Trust Trust Units (PWE)
Bruce Berkowitz reduced to his holdings in Penn West Energy Trust Trust Units by 80.95%. His sale prices were between $24.61 and $30.23, with an estimated average price of $27.4. The impact to his portfolio due to this sale was -0.01%. Bruce Berkowitz still held 31,876 shares as of 09/30/2008.
PENN WEST ENERGY TRUST is a senior oil and natural gas energy trust based in Calgary Alberta. Penn West trust units and debentures are listed on the Toronto Stock Exchange under the symbols PWT.UN PWT.DB.A PWT.DB.B PWT.DB.C PWT.DB.D PWT.DB.E and PWT.DB.F and Penn West trust units are listed on the New York Stock Exchange under the symbol PWE. Penn West Energy Trust Trust Units has a market cap of $6.26 billion; its shares were traded at around $15.14 with a P/E ratio of 292.68 and P/S ratio of 2.12. The dividend yield of Penn West Energy Trust Trust Units stocks is 21.47%.
Reduced: IDT Corp. (IDT)
Bruce Berkowitz reduced to his holdings in IDT Corp. by 52.53%. His sale prices were between $0.74 and $1.83, with an estimated average price of $1.5. The impact to his portfolio due to this sale was -0.01%. Bruce Berkowitz still held 3,119,800 shares as of 09/30/2008.
IDT Corporation through its IDT Telecom subsidiary is a facilities-based multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom by means of its own national telecommunications backbone and fiber optic network infrastructure provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Corp. has a market cap of $55.93 million; its shares were traded at around $0.739 with P/S ratio of 0.03.
Reduced: HomeFed Corp. (HOFD.OB)
Bruce Berkowitz reduced to his holdings in HomeFed Corp. by 28.06%. His sale prices were between $40.5 and $45, with an estimated average price of $43.1. The impact to his portfolio due to this sale was -0.03%. Bruce Berkowitz still held 208,957 shares as of 09/30/2008.
HomeFed Corp. has a market cap of $165.46 million; its shares were traded at around $20.75 with a P/E ratio of 77.21 and P/S ratio of 12.47.
Reduced: Berkshire Hathaway Inc. (BRK-B)
Bruce Berkowitz reduced to his holdings in Berkshire Hathaway Inc. by 45.59%. His sale prices were between $3770 and $4595, with an estimated average price of $3992.8. The impact to his portfolio due to this sale was -0.18%. Bruce Berkowitz still held 8,511 shares as of 09/30/2008.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these is the property and casualty insurance business conducted nationwide on a direct basis and worldwide on a reinsurance basis through a number of subsidiaries collectively referred to as the Berkshire Hathaway Insurance Group. Berkshire Hathaway Inc. has a market cap of $ million; its shares were traded at around $3360 .
Reduced: ECHOSTAR CORPORATION (SATS)
Bruce Berkowitz reduced to his holdings in ECHOSTAR CORPORATION by 41%. His sale prices were between $26.66 and $33.19, with an estimated average price of $30.7. The impact to his portfolio due to this sale was -0.38%. Bruce Berkowitz still held 3,618,426 shares as of 09/30/2008.
ECHOSTAR CORP is a publicly traded company. They intend to operate two primary businesses a digital set-top box business and a fixed satellite services business. Their set-top box business designs develops and distributes set-top boxes and related products for direct-to-home satellite service providers. ECHOSTAR CORPORATION has a market cap of $1.46 billion; its shares were traded at around $16.46 with a P/E ratio of 8.20 and P/S ratio of 0.63.
Reduced: DISH NETWORK CORPORATION CLASS A COMMON (DISH)
Bruce Berkowitz reduced to his holdings in DISH NETWORK CORPORATION CLASS A COMMON by 21.41%. His sale prices were between $24.55 and $31.47, with an estimated average price of $28.1. The impact to his portfolio due to this sale was -0.93%. Bruce Berkowitz still held 19,580,622 shares as of 09/30/2008.
DISH NETWORK CP offers satellite television products and services. The company operates three business units: The DISH Network - the direct broadcast satellite subscription television service in the United States. EchoStar Technologies Corporation division which is principally responsible for the design of digital set-top boxes or satellite receivers and the sale of set-top boxes to international operators. Satellite Services division provides video audio and data services to business television customers and other satellite users. DISH NETWORK CORPORATION CLASS A COMMON has a market cap of $5.23 billion; its shares were traded at around $11.4 with a P/E ratio of 5.46 and P/S ratio of 0.45.
Reduced: Berkshire Hathaway Inc. (BRK-A)
Bruce Berkowitz reduced to his holdings in Berkshire Hathaway Inc. by 51.73%. His sale prices were between $113000 and $147000, with an estimated average price of $120703. The impact to his portfolio due to this sale was -2.87%. Bruce Berkowitz still held 4,013 shares as of 09/30/2008.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these are insurance businesses conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire also owns and operates a number of other businesses engaged in a variety of activities as identified herein. Berkshire Hathaway Inc. has a market cap of $159.24 billion; its shares were traded at around $103333 with a P/E ratio of 20.35 and P/S ratio of 1.44.
Sold Out: Jefferies Group Inc. (JEF)
Bruce Berkowitz sold out his holdings in Jefferies Group Inc.. His sale prices were between $15.25 and $24, with an estimated average price of $18.8. The impact to his portfolio due to this sale was less than 0.01%.
Jefferies Group Inc. is a holding company whose affiliated companies including its principal operating subsidiary Jefferies & Company Inc. offer a variety of services for institutional investors and middle-market companies. Subsidiaries of Jefferies Group Inc. together comprise a full-service investment bank and institutional securities firm focused on the middle market. Jefferies offers financial advisory capital raising mergers and acquisitions and restructuring services to small and mid-cap companies. Jefferies Group Inc. has a market cap of $2.23 billion; its shares were traded at around $12.44 with P/S ratio of 1.67.
Sold Out: Spectra Energy Corp (SE)
Bruce Berkowitz sold out his holdings in Spectra Energy Corp. His sale prices were between $24.58 and $27.33, with an estimated average price of $25.7. The impact to his portfolio due to this sale was less than 0.01%.
SPECTRA ENERGY CORP is one of North America's premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing transmission and storage and distribution. For close to a century Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Spectra Energy Corp has a market cap of $10.77 billion; its shares were traded at around $15.45 with a P/E ratio of 8.90 and P/S ratio of 1.80. The dividend yield of Spectra Energy Corp stocks is 5.17%.
Sold Out: USG Corp. (USG)
Bruce Berkowitz sold out his holdings in USG Corp.. His sale prices were between $24.39 and $30.91, with an estimated average price of $27.6. The impact to his portfolio due to this sale was less than 0.01%.
USG Corp. through its subsidiaries is a leading manufacturer and distributor of building materials producing a wide range of products for use in new residential new nonresidential and repair and remodel construction as well as products used in certain industrial processes. USG's operations are organized into three operating segments: North American Gypsum Worldwide Ceilings and Building Products Distribution. USG Corp. has a market cap of $958.81 million; its shares were traded at around $9.23 with P/S ratio of 0.19.
Sold Out: Mylan Laboratories Inc. (MYL)
Bruce Berkowitz sold out his holdings in Mylan Laboratories Inc.. His sale prices were between $11.55 and $14.02, with an estimated average price of $12.6. The impact to his portfolio due to this sale was less than 0.01%.
Mylan Inc. is one of the world's leading quality generic and specialty pharmaceutical companies. The Company offers one of the industry's broadest and highest quality product portfolios a robust product pipeline and a global commercial footprint through operations in more than 90 countries. Through its controlling interest in Matrix Laboratories Limited Mylan has direct access to one of the largest active pharmaceutical ingredient manufacturers in the world. Dey L.P. Mylan's fully integrated specialty business provides the Company with innovative and diversified opportunities in the respiratory and allergy therapeutic areas. Mylan Laboratories Inc. has a market cap of $2.84 billion; its shares were traded at around $9.11 with P/S ratio of 0.55.
Sold Out: Mueller Water Products Inc. Series A (MWA)
Bruce Berkowitz sold out his holdings in Mueller Water Products Inc. Series A. His sale prices were between $7.55 and $12.44, with an estimated average price of $10.1. The impact to his portfolio due to this sale was less than 0.01%.
Walter Industries is a diversified Company and leader in water infrastructure flow control and water transmission products. The Company is a signficant producer of high-quality metallurgical coal and natural gas for worldwide markets and is also a leader in affordable homebuilding and financing. Mueller Water Products Inc. Series A has a market cap of $716.47 million; its shares were traded at around $5.44 with a P/E ratio of 18.37 and P/S ratio of 0.34. The dividend yield of Mueller Water Products Inc. Series A stocks is 1%.
Sold Out: Duke Energy Corp. (DUK)
Bruce Berkowitz sold out his holdings in Duke Energy Corp.. His sale prices were between $16.64 and $18.03, with an estimated average price of $17.3. The impact to his portfolio due to this sale was less than 0.01%.
Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U.S. and abroad. Duke Energy provides these and other services through seven business segments: Electric Operations; Natural Gas Transmission; Field Services; Trading and Marketing; Global Asset Development; Other Energy Services; Real Estate Operations. Duke Energy Corp. has a market cap of $20.38 billion; its shares were traded at around $15.3 with a P/E ratio of 16.03 and P/S ratio of 1.51. The dividend yield of Duke Energy Corp. stocks is 5.62%.
Sold Out: Herbalife Ltd. (HLF)
Bruce Berkowitz sold out his holdings in Herbalife Ltd.. His sale prices were between $37.63 and $48.38, with an estimated average price of $42.8. The impact to his portfolio due to this sale was less than 0.01%.
Herbalife is a global network marketing company offering a range of science-based weight management products nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. Herbalife Ltd. has a market cap of $1.21 billion; its shares were traded at around $17.43 with a P/E ratio of 5.28 and P/S ratio of 0.46. The dividend yield of Herbalife Ltd. stocks is 3.27%.
