Dreman Value Management Buys SPDR S&P Bank, SPDR Select Sector Fund - Financial, Real Estate Select Sector SPDR Fund (The), Sells Amgen Inc, CalAtlantic Group Inc, Scripps Networks Interactive Inc

• New Purchases: KBE, XLF, XLRE, APA, IEO, COP, CBRE, DVN, XOP, PM,
• Added Positions: LEN, BP, LEN.B,
• Reduced Positions: AMGN, JPM, KEY, BAC, WFC, GS, ALL, STI, RIO, AAPL,
• Sold Out: CAA, SNI, TWO, AFSI, TIME, BIVV,

For the details of David Dreman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=David+Dreman

1. SPDR S&P Bank (KBE) - 863,925 shares, 18.76% of the total portfolio. New Position
2. SPDR Select Sector Fund - Financial (XLF) - 306,000 shares, 3.82% of the total portfolio. New Position
3. JPMorgan Chase & Co (JPM) - 32,140 shares, 1.6% of the total portfolio. Shares reduced by 7.03%
4. Bank of America Corporation (BAC) - 96,746 shares, 1.32% of the total portfolio. Shares reduced by 7.58%
5. Cisco Systems Inc (CSCO) - 63,115 shares, 1.23% of the total portfolio. Shares reduced by 6.21%

Dreman Value Management initiated holding in SPDR S&P Bank. The purchase prices were between $46.75 and $51.86, with an estimated average price of $49.69. The stock is now traded at around $48.24. The impact to a portfolio due to this purchase was 18.76%. The holding were 863,925 shares as of 2018-03-31.

Dreman Value Management initiated holding in SPDR Select Sector Fund - Financial. The purchase prices were between $26.82 and $30.17, with an estimated average price of $28.79. The stock is now traded at around $27.15. The impact to a portfolio due to this purchase was 3.82%. The holding were 306,000 shares as of 2018-03-31.

Dreman Value Management initiated holding in Real Estate Select Sector SPDR Fund (The). The purchase prices were between $29.4 and $32.76, with an estimated average price of $31.04. The stock is now traded at around $30.97. The impact to a portfolio due to this purchase was 0.6%. The holding were 42,576 shares as of 2018-03-31.

Dreman Value Management initiated holding in Apache Corp. The purchase prices were between $34.15 and $48.12, with an estimated average price of $40.23. The stock is now traded at around $41.06. The impact to a portfolio due to this purchase was 0.47%. The holding were 26,748 shares as of 2018-03-31.

Dreman Value Management initiated holding in iShares U.S. Oil & Gas Exploration & Production. The purchase prices were between $59.09 and $70.13, with an estimated average price of $64.19. The stock is now traded at around $71.15. The impact to a portfolio due to this purchase was 0.35%. The holding were 12,225 shares as of 2018-03-31.

Dreman Value Management initiated holding in ConocoPhillips. The purchase prices were between $52.02 and $60.67, with an estimated average price of $56.54. The stock is now traded at around $65.45. The impact to a portfolio due to this purchase was 0.29%. The holding were 10,758 shares as of 2018-03-31.

Dreman Value Management added to a holding in Lennar Corp by 1291.68%. The purchase prices were between $56.58 and $71.82, with an estimated average price of $62.3. The stock is now traded at around $53.37. The impact to a portfolio due to this purchase was 0.19%. The holding were 8,030 shares as of 2018-03-31.

Dreman Value Management added to a holding in Lennar Corp by 88.48%. The purchase prices were between $45.36 and $58.05, with an estimated average price of $50.11. The stock is now traded at around $42.24. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 311 shares as of 2018-03-31.

Dreman Value Management sold out a holding in CalAtlantic Group Inc. The sale prices were between $51.82 and $64.35, with an estimated average price of $58.98.

Dreman Value Management sold out a holding in Scripps Networks Interactive Inc. The sale prices were between $85.81 and $90.26, with an estimated average price of $88.01.

Dreman Value Management sold out a holding in Two Harbors Investment Corp. The sale prices were between $14.21 and $16.09, with an estimated average price of $15.35.

Dreman Value Management sold out a holding in AmTrust Financial Services Inc. The sale prices were between $10.14 and $13.42, with an estimated average price of $12.54.

Dreman Value Management sold out a holding in Time Inc. The sale prices were between $18.45 and $18.55, with an estimated average price of $18.5.

Dreman Value Management sold out a holding in Bioverativ Inc. The sale prices were between $54.95 and $104.98, with an estimated average price of $91.34.

Dreman Value Management reduced to a holding in Amgen Inc by 96.2%. The sale prices were between $169.43 and $198, with an estimated average price of $183.57. The stock is now traded at around $169.91. The impact to a portfolio due to this sale was -0.57%. Dreman Value Management still held 230 shares as of 2018-03-31.