Leucadia National

Leucadia National

Last Update: 11-14-2017

Number of Stocks: 99
Number of New Stocks: 73

Total Value: $1,196 Mil
Q/Q Turnover: 18%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Leucadia National' s Profile & Performance

Profile

Ian Cumming is the former director and chairman of executive committee of Leucadia National. The current chairman is Joseph Steinberg and chief executive officer is Richard Handler. Leucadia National (LUK) is a publicly traded investment company. Through its subsidiaries, Leucadia engages in telecommunications, healthcare services, manufacturing, banking and lending, real estate, and winery businesses. Since 1978, their investment returns have compounded more than 20%. From the end of 1978 through the end of 2004, Leucadia's stock soared an annualized 33% (compared with 27% for Berkshire's A shares).

Web Page:http://www.leucadia.com/

Investing Philosophy

Using value investing approach, Leucadia buys distressed companies at discount prices, revives them and sells them for profits. They buy assets that are out of favor, and therefore cheap or disheveled. They then improve their performance until they are the most efficient and productive in their market segment. Leucadia's investing maxims guide its investment decisions. The Leucadia strategy says, don't overpay, buy companies that make products or provide services that people need or want, sheltered earnings are more valuable than taxed earnings, and once again, don't overpay.

Total Holding History

Performance of Leucadia Corp. Book Value

YearReturn (%)S&P500 (%)Excess Gain (%)
2016-1.7411.96-13.7
20152.321.380.9
20141.213.69-12.5
3-Year Cumulative1.7 (0.6%/year)29 (8.9%/year)-27.3 (-8.3%/year)
20130.132.39-32.3
20129.616-6.4
5-Year Cumulative11.6 (2.2%/year)98.2 (14.7%/year)-86.6 (-12.5%/year)
2011-11.52.11-13.6
201059.115.0644.0
200959.826.4633.3
2008-55.2-37-18.2
200739.15.4933.6
10-Year Cumulative56.5 (4.6%/year)95.7 (6.9%/year)-39.2 (-2.3%/year)
20066.215.79-9.6
200561.44.9156.5
20044.510.88-6.4
200317.128.68-11.6
200219-22.141.1
15-Year Cumulative290.7 (9.5%/year)164.2 (6.7%/year)126.5 (2.8%/year)
2001-0.7-11.8911.2
200010.2-9.119.3
1999-33.921.04-54.9
19982.528.58-26.1
199757.733.3624.3
20-Year Cumulative356.8 (7.9%/year)339.2 (7.7%/year)17.6 (0.2%/year)
19960.222.96-22.8
199517.637.58-20.0
1994-3.51.32-4.8
199347.210.0837.1
199239.27.6231.6
25-Year Cumulative964.2 (9.9%/year)791.8 (9.1%/year)172.4 (0.8%/year)
199134.530.474.0
199020.1-3.123.2
198928.131.69-3.6
198814.316.61-2.3
1987-11.85.1-16.9
30-Year Cumulative2120.1 (10.9%/year)1719.7 (10.2%/year)400.4 (0.7%/year)
19865318.634.4
198512.231.6-19.4
198472.16.166.0
198319.422.4-3.0
198215721.4135.6
35-Year Cumulative20026.8 (16.4%/year)4377.7 (11.5%/year)15649.1 (4.9%/year)
198116.7-521.7
19809.132.3-23.2

Top Ranked Articles

Leucadia National Takes Stake in Easterly Acquisition Blank check company to merge with JH Capital
New York-based investment firm Leucadia National (Trades, Portfolio) established a 12.1% stake in Easterly Acquisition Corp. (NASDAQ:EACQ) on Aug. 31, according to GuruFocus real-time picks. Read more...
AbbVie's Humira Loses Patent in Coherus’ Petitions Why this lost patent will not hit Humira's sales
It seems that the decision of the U.S. Patent and Trademark Office’s Patent Trial and Appeal Board to rule “in favor of Coherus’ petitions for Inter Partes Review (“IPR”) of AbbVie’s U.S. Patent 8,889,135 (the 135 Patent)” as reported by Coherus Biosciences (NASDAQ:CHRS) through its Web site, is not weighing so much on AbbVie Inc. (NYSE:ABBV) whose shares have – in contrast – resumed their uptrending and are $65.40 each, up 3 cents or plus 6% from the previous trading day. Read more...
Director Invests in Lonestar Resources Insider purchases 50,000 shares
Director Bernard Lambilliotte purchased 50,000 shares of Lonestar Resources US Inc. (NASDAQ:LONE) for $5 per share on April 13, according to SEC filings. Read more...
Leon Cooperman Sells Microsoft, HRG Group An overview of guru's largest 1st-quarter sales
Leon Cooperman (Trades, Portfolio) is the founder and chairman of Omega Advisors, a hedge fund with approximately $6 billion under management. He manages a portfolio composed of 84 stocks with a total value of $2.484 billion. During the first quarter the guru sold shares in the following stocks: Read more...
Petrobras to Report 2nd Quarter Thursday The Brazilian company is expected to increase earnings dramatically
Petróleo Brasileiro S.A. (NYSE:PBR), also known as Petrobras, will release its financial results for the second quarter of fiscal 2017 after market close on Aug. 10. Read more...
» More Leucadia National Articles

Commentaries and Stories

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Leucadia National Takes Stake in Easterly Acquisition Blank check company to merge with JH Capital Leucadia National,Louis Moore Bacon - Leucadia National Takes Stake In Easterly Acquisition
New York-based investment firm Leucadia National (Trades, Portfolio) established a 12.1% stake in Easterly Acquisition Corp. (NASDAQ:EACQ) on Aug. 31, according to GuruFocus real-time picks. More...

EASTERLY, LEUCADIA, MERGER, STAKE, BUY


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Leucadia National Buys Altaba, Huntsman, C.R. Bard The firm's top 8 2nd-quarter buys Leucadia National - Leucadia National Buys Altaba, Huntsman, C.R. Bard
Leucadia National (Trades, Portfolio) bought shares of the following stocks during the second quarter: More...

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Petrobras to Report 2nd Quarter Thursday The Brazilian company is expected to increase earnings dramatically Leucadia National, Ken Fisher - Petrobras To Report 2nd Quarter Thursday
Petróleo Brasileiro S.A. (NYSE:PBR), also known as Petrobras, will release its financial results for the second quarter of fiscal 2017 after market close on Aug. 10. More...

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Leon Cooperman Sells Microsoft, HRG Group An overview of guru's largest 1st-quarter sales Leon Cooperman,Leucadia National,Jim Simons,Jeremy - Leon Cooperman Sells Microsoft, HRG Group
Leon Cooperman (Trades, Portfolio) is the founder and chairman of Omega Advisors, a hedge fund with approximately $6 billion under management. He manages a portfolio composed of 84 stocks with a total value of $2.484 billion. During the first quarter the guru sold shares in the following stocks: More...

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AbbVie's Humira Loses Patent in Coherus’ Petitions Why this lost patent will not hit Humira's sales Richard Pzena,Leucadia National,Joel Greenblatt,NW - AbbVie's Humira Loses Patent In Coherus’ Petitions
It seems that the decision of the U.S. Patent and Trademark Office’s Patent Trial and Appeal Board to rule “in favor of Coherus’ petitions for Inter Partes Review (“IPR”) of AbbVie’s U.S. Patent 8,889,135 (the 135 Patent)” as reported by Coherus Biosciences (NASDAQ:CHRS) through its Web site, is not weighing so much on AbbVie Inc. (NYSE:ABBV) whose shares have – in contrast – resumed their uptrending and are $65.40 each, up 3 cents or plus 6% from the previous trading day. More...

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Director Invests in Lonestar Resources Insider purchases 50,000 shares Leucadia National,HOTCHKIS & WILEY - Director Invests In Lonestar Resources
Director Bernard Lambilliotte purchased 50,000 shares of Lonestar Resources US Inc. (NASDAQ:LONE) for $5 per share on April 13, according to SEC filings. More...

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Leucadia Invests in 18 New Holdings in 3rd Quarter Procter & Gamble is guru's largest purchase Leucadia National - Leucadia Invests In 18 New Holdings In 3rd Quarter
Publicly traded investment company Leucadia National (Trades, Portfolio) added 18 new holdings to its portfolio in the third quarter. The following are the guru’s top six new purchases: More...

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Leucadia Opens Positions in FedEx, Adobe System, Broadcom The guru's largest new buys in the 1st quarter Leucadia National,PRIMECAP Management,Dodge & Cox, - Leucadia Opens Positions In FedEx, Adobe System, Broadcom
Leucadia National (Trades, Portfolio) bought shares in the following stocks in the first quarter: More...

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Leucadia National Comments on Golden Queen Guru stock highlight
Golden Queen (TSX:GQM)’s Soledad Mountain gold and silver project completed construction on budget. Mining activities commenced on time and, despite minor delays getting its power connected and with commissioning, the first gold pour is expected in March. Our team, led by Bob Walish, grew from a handful in January to over 90 at the end of December and did a terrific job delivering a working mine. In 2016, the team will be focused on ramping up production while keeping tight controls on its costs and continuing to develop ancillary activities, such as selling aggregates, which could extend the mine life. Although gold prices ended 2015 near their six-year lows, Golden Queen’s projected construction costs should ensure comfortable operating margins. More...

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Leucadia National Comments on HRG Group Inc. Guru stock highlight
We continue to own 23% (46.6 million shares) of HRG Group (NYSE:HRG) acquired between September 2013 and November 2014 at an average cost of $10.21 per share versus a $13.56 per share stock price at year-end 2015. Our incredible Chairman, Joe Steinberg, serves as Chairman of HRG and is on the Boards of its major business units. The vast majority of HRG Group’s value is accounted for by its ownership in Spectrum Brands (58%) and Fidelity & Guaranty Life (81%). Spectrum, a diversified global branded consumer products company, had its sixth consecutive year of record financial performance growing adjusted free cash flow from $359 million in 2014 to $454 million in 2015. With the May 21, 2015 acquisition of Armored AutoGroup, which includes brands Armor All and STP, Spectrum is now a player in the global auto care market and expects to grow free cash flow to $505 million in 2016. On November 8, 2015, Fidelity agreed to be acquired by Anbang Insurance Group for $1.57 billion, or $26.80 per share, a 29% premium over Fidelity’s unaffected stock price. The sale is expected to be completed in the second quarter, with a substantial portion of HRG’s proceeds More...

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Leucadia National Comments on HomeFed Guru stock highlight
The majority of HomeFed’s assets are now either operating real estate or entitled land available for sale, and our priority is to convert this land to cash in a smart and orderly process. In July, HomeFed (OTCPK:HOFD) completed the acquisition of about 1,600 acres of land in the Otay Ranch area of San Diego County for a cash purchase price of $150 million. The acquired land is contiguous to land already owned by HomeFed. We now have about 4,450 acres of Otay Ranch land entitled for 9,350 multi-family residential units, 3,700 single family residential units and 1.85 million square feet of commercial space. Land development in Otay’s first village commenced in February 2016. HomeFed’s other assets, in California, Florida, Maine, New York, South Carolina and Virginia, are either currently generating cash or well-positioned to take advantage of strong expected demand for housing. We appreciate Paul Borden and the entire HomeFed team’s intense efforts across the portfolio. More...

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Leucadia National Comments on FXCM Inc. Guru stock highlight
Last year’s shareholder letter described the sudden and remarkable events that led to our January 2015 investment in FXCM (FXCM). This year, we can report that our investment in FXCM is looking solid. Through the end of 2015, our $300 million senior secured term-loan has generated $166 million of principal, interest and fees to Leucadia and $193 million remains outstanding under the credit agreement. Drew Niv and the FXCM management team have done an excellent job stabilizing and even strengthening the business, all while selling off non-core assets in order to pay off our loan. FXCM has come a long way from the extraordinary event that led to our involvement, and it is well on its way to regain and hopefully exceed its historic position in the global foreign exchange market. More...

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Leucadia National Releases Annual Letter The investment conglomerate formerly helmed by Ian Cumming discusses its 2015 and holdings Leucadia National - Leucadia National Releases Annual Letter
Dear Fellow Shareholders, More...

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Leucadia National Corporation Sold Out INTL FCStone In Q1
Leucadia National (Trades, Portfolio) is an American holding company that is engaged in mining and drilling services, telecommunications, healthcare services, manufacturing, banking and lending, real estate, and winery businesses. The company is sometimes called a "baby Berkshire Hathaway" (BRK.A, BRK.B) for the wide range of its holdings. More...

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