Legend investor Bill Miller beat the S&P 500 for 15 consecutive years before 2006. He missed in 2006. What will happen in 2007? See what he bought during the 4th quarter of 2006.
Renowned investor Bill Miller buys RED HAT INC, MannKind Corp., US Airways Group, Inc., General Motors Corporation, sells Micron Technology Inc., JetBlue Airways Corp., St. Paul Travelers Companies I during the 3-months ended 12/31/2006, according to the most recent filings of his investment company, Legg Mason Value Trust and Opportunity Trust. Bill Miller owns 41 stocks with a total value of $20.8 billion in Legg Mason Value Trust, and 47 stocks in the $6 billion Opportunity Trust. These are the details of the buys and sells.
New Purchases: GM, LCC, MNKD, RHT,
Added Positions: XMSR, YHOO,
Reduced Positions: FICC, SYNM, VRSN, WMI, WPPGY,
Sold Out: JBLU, MU,
Added: Yahoo! Inc. (YHOO, Financial)
Bill Miller added to his holdings in Internet company Yahoo! Inc. by 25.51%. His purchase prices were between $23.21 and $28.03, with an estimated average price of $26. The impact to his portfolio due to this purchase was 0.62%. His holdings was 24,673,000 shares as of 12/31/2006. Yahoo! Inc. closed today at $30.31.
Added: XM Satellite Radio Holdings In (XMSR, Financial)
Bill Miller added to his holdings in Broadcasting & Entertainment company XM Satellite Radio Holdings In by 25.81%. His purchase prices were between $11.09 and $15.89, with an estimated average price of $13.6. The impact to his portfolio due to this purchase was 0.36%. His holdings was 7,800,000 shares as of 12/31/2006. XM Satellite Radio Holdings In closed today at $13.47.
New Purchase: RED HAT INC (RHT, Financial)
Bill Miller initiated holdings in Software company RED HAT INC. His purchase prices were between $15.63 and $22.96, with an estimated average price of $18.5. The impact to his portfolio due to this purchase was 2.79%. His holdings was 7,711,000 shares as of 12/31/2006. RED HAT INC closed today at $21.71.
New Purchase: MannKind Corp. (MNKD, Financial)
Bill Miller initiated holdings in Biotechnology company MannKind Corp.. His purchase prices were between $16.1 and $20.88, with an estimated average price of $18.1. The impact to his portfolio due to this purchase was 1.32%. His holdings was 5,100,000 shares as of 12/31/2006. MannKind Corp. closed today at $15.16.
New Purchase: US Airways Group, Inc. . (LCC, Financial)
Bill Miller initiated holdings in Airlines company US Airways Group, Inc. .. His purchase prices were between $45.92 and $62.95, with an estimated average price of $53.4. The impact to his portfolio due to this purchase was 0.17%. His holdings was 200,000 shares as of 12/31/2006. US Airways Group, Inc. . closed today at $50.09.
New Purchase: General Motors Corporation (GM, Financial)
Bill Miller initiated holdings in Automobiles company General Motors Corporation. His purchase prices were between $29.06 and $35.13, with an estimated average price of $31.6. The impact to his portfolio due to this purchase was 0.07%. His holdings was 500,000 shares as of 12/31/2006. General Motors Corporation closed today at $30.44.
Reduced: WPP Group plc (WPPGY, Financial)
Bill Miller reduced to his holdings in Media Agencies company WPP Group plc by 34.1%. His sale prices were between $61.75 and $67.78, with an estimated average price of $64.8. The impact to his portfolio due to this sale was 0.72%. His still held 14,762,000 shares as of 12/31/2006. WPP Group plc closed today at $70.24.
Reduced: VeriSign Inc. (VRSN, Financial)
Bill Miller reduced to his holdings in Software company VeriSign Inc. by 53.82%. His sale prices were between $20.29 and $25.43, with an estimated average price of $22.9. The impact to his portfolio due to this sale was 0.62%. His still held 2,540,000 shares as of 12/31/2006. VeriSign Inc. closed today at $24.159.
Reduced: Waste Management Inc. (WMI, Financial)
Bill Miller reduced to his holdings in Waste & Disposal Services company Waste Management Inc. by 29.04%. His sale prices were between $35.74 and $38.29, with an estimated average price of $37.2. The impact to his portfolio due to this sale was 0.33%. His still held 2,412,000 shares as of 12/31/2006. Waste Management Inc. closed today at $33.41.
Reduced: Syntroleum Corp. (SYNM, Financial)
Bill Miller reduced to his holdings in Oil Equipment & Services company Syntroleum Corp. by 28.71%. His sale prices were between $2.6 and $4.48, with an estimated average price of $3.5. The impact to his portfolio due to this sale was 0.24%. His still held 5,632,000 shares as of 12/31/2006. Syntroleum Corp. closed today at $3.01.
Reduced: Fieldstone Investment Corp. (FICC, Financial)
Bill Miller reduced to his holdings in Real Estate Holding & Development company Fieldstone Investment Corp. by 72%. His sale prices were between $4.48 and $8.75, with an estimated average price of $6.4. The impact to his portfolio due to this sale was 0.04%. His still held 980,000 shares as of 12/31/2006. Fieldstone Investment Corp. closed today at $3.84.
Sold Out: Micron Technology Inc. (MU)
Bill Miller sold out his holdings in Semiconductors company Micron Technology Inc.. His sale prices were between $13.7 and $15.14, with an estimated average price of $14.4. The impact to his portfolio due to this sale was less than 0.01%. Micron Technology Inc. closed today at $11.67.
Sold Out: JetBlue Airways Corp. (JBLU)
Bill Miller sold out his holdings in Airlines company JetBlue Airways Corp.. His sale prices were between $9.75 and $14.71, with an estimated average price of $12.8. The impact to his portfolio due to this sale was less than 0.01%. JetBlue Airways Corp. closed today at $11.58.
Renowned investor Bill Miller buys RED HAT INC, MannKind Corp., US Airways Group, Inc., General Motors Corporation, sells Micron Technology Inc., JetBlue Airways Corp., St. Paul Travelers Companies I during the 3-months ended 12/31/2006, according to the most recent filings of his investment company, Legg Mason Value Trust and Opportunity Trust. Bill Miller owns 41 stocks with a total value of $20.8 billion in Legg Mason Value Trust, and 47 stocks in the $6 billion Opportunity Trust. These are the details of the buys and sells.
New Purchases: GM, LCC, MNKD, RHT,
Added Positions: XMSR, YHOO,
Reduced Positions: FICC, SYNM, VRSN, WMI, WPPGY,
Sold Out: JBLU, MU,
Added: Yahoo! Inc. (YHOO, Financial)
Bill Miller added to his holdings in Internet company Yahoo! Inc. by 25.51%. His purchase prices were between $23.21 and $28.03, with an estimated average price of $26. The impact to his portfolio due to this purchase was 0.62%. His holdings was 24,673,000 shares as of 12/31/2006. Yahoo! Inc. closed today at $30.31.
Added: XM Satellite Radio Holdings In (XMSR, Financial)
Bill Miller added to his holdings in Broadcasting & Entertainment company XM Satellite Radio Holdings In by 25.81%. His purchase prices were between $11.09 and $15.89, with an estimated average price of $13.6. The impact to his portfolio due to this purchase was 0.36%. His holdings was 7,800,000 shares as of 12/31/2006. XM Satellite Radio Holdings In closed today at $13.47.
New Purchase: RED HAT INC (RHT, Financial)
Bill Miller initiated holdings in Software company RED HAT INC. His purchase prices were between $15.63 and $22.96, with an estimated average price of $18.5. The impact to his portfolio due to this purchase was 2.79%. His holdings was 7,711,000 shares as of 12/31/2006. RED HAT INC closed today at $21.71.
New Purchase: MannKind Corp. (MNKD, Financial)
Bill Miller initiated holdings in Biotechnology company MannKind Corp.. His purchase prices were between $16.1 and $20.88, with an estimated average price of $18.1. The impact to his portfolio due to this purchase was 1.32%. His holdings was 5,100,000 shares as of 12/31/2006. MannKind Corp. closed today at $15.16.
New Purchase: US Airways Group, Inc. . (LCC, Financial)
Bill Miller initiated holdings in Airlines company US Airways Group, Inc. .. His purchase prices were between $45.92 and $62.95, with an estimated average price of $53.4. The impact to his portfolio due to this purchase was 0.17%. His holdings was 200,000 shares as of 12/31/2006. US Airways Group, Inc. . closed today at $50.09.
New Purchase: General Motors Corporation (GM, Financial)
Bill Miller initiated holdings in Automobiles company General Motors Corporation. His purchase prices were between $29.06 and $35.13, with an estimated average price of $31.6. The impact to his portfolio due to this purchase was 0.07%. His holdings was 500,000 shares as of 12/31/2006. General Motors Corporation closed today at $30.44.
Reduced: WPP Group plc (WPPGY, Financial)
Bill Miller reduced to his holdings in Media Agencies company WPP Group plc by 34.1%. His sale prices were between $61.75 and $67.78, with an estimated average price of $64.8. The impact to his portfolio due to this sale was 0.72%. His still held 14,762,000 shares as of 12/31/2006. WPP Group plc closed today at $70.24.
Reduced: VeriSign Inc. (VRSN, Financial)
Bill Miller reduced to his holdings in Software company VeriSign Inc. by 53.82%. His sale prices were between $20.29 and $25.43, with an estimated average price of $22.9. The impact to his portfolio due to this sale was 0.62%. His still held 2,540,000 shares as of 12/31/2006. VeriSign Inc. closed today at $24.159.
Reduced: Waste Management Inc. (WMI, Financial)
Bill Miller reduced to his holdings in Waste & Disposal Services company Waste Management Inc. by 29.04%. His sale prices were between $35.74 and $38.29, with an estimated average price of $37.2. The impact to his portfolio due to this sale was 0.33%. His still held 2,412,000 shares as of 12/31/2006. Waste Management Inc. closed today at $33.41.
Reduced: Syntroleum Corp. (SYNM, Financial)
Bill Miller reduced to his holdings in Oil Equipment & Services company Syntroleum Corp. by 28.71%. His sale prices were between $2.6 and $4.48, with an estimated average price of $3.5. The impact to his portfolio due to this sale was 0.24%. His still held 5,632,000 shares as of 12/31/2006. Syntroleum Corp. closed today at $3.01.
Reduced: Fieldstone Investment Corp. (FICC, Financial)
Bill Miller reduced to his holdings in Real Estate Holding & Development company Fieldstone Investment Corp. by 72%. His sale prices were between $4.48 and $8.75, with an estimated average price of $6.4. The impact to his portfolio due to this sale was 0.04%. His still held 980,000 shares as of 12/31/2006. Fieldstone Investment Corp. closed today at $3.84.
Sold Out: Micron Technology Inc. (MU)
Bill Miller sold out his holdings in Semiconductors company Micron Technology Inc.. His sale prices were between $13.7 and $15.14, with an estimated average price of $14.4. The impact to his portfolio due to this sale was less than 0.01%. Micron Technology Inc. closed today at $11.67.
Sold Out: JetBlue Airways Corp. (JBLU)
Bill Miller sold out his holdings in Airlines company JetBlue Airways Corp.. His sale prices were between $9.75 and $14.71, with an estimated average price of $12.8. The impact to his portfolio due to this sale was less than 0.01%. JetBlue Airways Corp. closed today at $11.58.
