This is the Q3 portfolio update of Whitney Tilson.
Whitney Tilson is certainly well known in value investing community. He bought into BP at the peak of the BP oil spill, and got into a few other positions. Interestingly, he reduced his position in Berkshire Hathaway quite dramatically.
As of 09/30/2010, T2 Partners Management, LP owns 103 stocks with a total value of $578 million. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Whitney Tilson
Added: BP P.l.c. (BP, Financial)
Whitney Tilson added to his holdings in Bp P.l.c. by 125.48%. His purchase prices were between $29.35 and $41.33, with an estimated average price of $37.3. The impact to his portfolio due to this purchase was 2.84%. His holdings were 717,259 shares as of 09/30/2010.
BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp P.l.c. has a market cap of $130.83 billion; its shares were traded at around $41.78 with a P/E ratio of 5.8 and P/S ratio of 0.6. Bp P.l.c. had an annual average earning growth of 20.3% over the past 10 years. GuruFocus rated Bp P.l.c. the business predictability rank of 3-star.
Added: Microsoft Corp. (MSFT)
Whitney Tilson added to his holdings in Microsoft Corp. by 513.24%. His purchase prices were between $23.27 and $26.33, with an estimated average price of $24.82. The impact to his portfolio due to this purchase was 0.93%. His holdings were 253,785 shares as of 09/30/2010.
Microsoft Corp. has a market cap of $223.35 billion; its shares were traded at around $25.81 with a P/E ratio of 11.1 and P/S ratio of 3.5. The dividend yield of Microsoft Corp. stocks is 2%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
Added: American Eagle Outfitters Inc. (AEO)
Whitney Tilson added to his holdings in American Eagle Outfitters Inc. by 177.29%. His purchase prices were between $11.79 and $14.9325, with an estimated average price of $13.08. The impact to his portfolio due to this purchase was 0.2%. His holdings were 110,916 shares as of 09/30/2010.
American Eagle Outfitters is a specialty retailer of all-American casual apparel, accessories, and footwear for men and women between the ages of 16 and 34. American Eagle Outfitters Inc. has a market cap of $2.99 billion; its shares were traded at around $15.29 with a P/E ratio of 18.2 and P/S ratio of 1. The dividend yield of American Eagle Outfitters Inc. stocks is 2.9%. American Eagle Outfitters Inc. had an annual average earning growth of 15.5% over the past 10 years.
Added: Laboratory Corp. Of America Holdings (LH)
Whitney Tilson added to his holdings in Laboratory Corp. Of America Holdings by 76.92%. His purchase prices were between $72.24 and $78.15, with an estimated average price of $75.2. The impact to his portfolio due to this purchase was 0.14%. His holdings were 23,000 shares as of 09/30/2010.
Laboratory Corporation of America Holdings, is one of the largest independent clinical laboratory company's in the United States. Laboratory Corp. Of America Holdings has a market cap of $8.31 billion; its shares were traded at around $80.85 with a P/E ratio of 14.9 and P/S ratio of 1.8. Laboratory Corp. Of America Holdings had an annual average earning growth of 17.6% over the past 10 years.
Added: Emc Corp. (EMC)
Whitney Tilson added to his holdings in Emc Corp. by 47.43%. His purchase prices were between $18.04 and $21.64, with an estimated average price of $19.81. The impact to his portfolio due to this purchase was 0.08%. His holdings were 70,768 shares as of 09/30/2010.
EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing ofelectronic information. Emc Corp. has a market cap of $43.19 billion; its shares were traded at around $21.03 with a P/E ratio of 22.6 and P/S ratio of 3. Emc Corp. had an annual average earning growth of 8.2% over the past 5 years.
Added: Terra Nova Royalty Corp. (TTT)
Whitney Tilson added to his holdings in Terra Nova Royalty Corp. by 111.43%. His purchase prices were between $6.77 and $8.92, with an estimated average price of $7.93. The impact to his portfolio due to this purchase was 0.08%. His holdings were 110,000 shares as of 09/30/2010.
KHD Humboldt Wedag International Ltd. owns companies that operate internationally in the engineering services industry, and specializes in the cement, coal and mineral engineering services industries. Terra Nova Royalty Corp. has a market cap of $239.6 million; its shares were traded at around $7.91 with a P/E ratio of 5.4 and P/S ratio of 0.4.
Added: Himax Technologies Inc. (HIMX)
Whitney Tilson added to his holdings in Himax Technologies Inc. by 90%. His purchase prices were between $2.32 and $3.1, with an estimated average price of $2.65. The impact to his portfolio due to this purchase was 0.08%. His holdings were 380,000 shares as of 09/30/2010.
Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. Himax Technologies Inc. has a market cap of $392.4 million; its shares were traded at around $2.2199 with a P/E ratio of 13.9 and P/S ratio of 0.6. The dividend yield of Himax Technologies Inc. stocks is 10.8%.
Added: Safety Insurance Group Inc. (SAFT)
Whitney Tilson added to his holdings in Safety Insurance Group Inc. by 42.86%. His purchase prices were between $37.28 and $43.82, with an estimated average price of $40.78. The impact to his portfolio due to this purchase was 0.05%. His holdings were 20,000 shares as of 09/30/2010.
Safety Insurance Group is the parent of Safety Insurance Company, a Boston, MA, based writer of property and casualty insurance. Safety Insurance Group Inc. has a market cap of $691.7 million; its shares were traded at around $46.06 with a P/E ratio of 12.9 and P/S ratio of 0.9. The dividend yield of Safety Insurance Group Inc. stocks is 4.4%. Safety Insurance Group Inc. had an annual average earning growth of 17.7% over the past 10 years.
Added: Mvc Capital Inc. (MVC)
Whitney Tilson added to his holdings in Mvc Capital Inc. by 35.77%. His purchase prices were between $12.32 and $13.3, with an estimated average price of $12.89. The impact to his portfolio due to this purchase was 0.04%. His holdings were 70,600 shares as of 09/30/2010.
MVC CAPITAL INC is a business development company traded on the New York Stock Exchange, under the listing symbol MVC and is advised by The Tokarz Group Advisers LLC. Mvc Capital Inc. has a market cap of $315.2 million; its shares were traded at around $13.11 with a P/E ratio of 20.8 and P/S ratio of 12.1. The dividend yield of Mvc Capital Inc. stocks is 3.6%.
Added: Hot Topic Inc. (HOTT)
Whitney Tilson added to his holdings in Hot Topic Inc. by 25.33%. His purchase prices were between $4.69 and $6.05, with an estimated average price of $5.24. The impact to his portfolio due to this purchase was 0.04%. His holdings were 214,231 shares as of 09/30/2010.
Hot Topic, Inc. is a rapidly growing, mall-based specialty retailer of music-licensed and music-influenced apparel, accessories and gift items for young men and women principally between the ages of 12 and 22. Hot Topic Inc. has a market cap of $242.5 million; its shares were traded at around $5.44 with a P/E ratio of 41.9 and P/S ratio of 0.3. The dividend yield of Hot Topic Inc. stocks is 5.2%.
Added: Northrop Grumman Corp. (NOC)
Whitney Tilson added to his holdings in Northrop Grumman Corp. by 23.33%. His purchase prices were between $54.1 and $60.52, with an estimated average price of $57.44. The impact to his portfolio due to this purchase was 0.04%. His holdings were 18,500 shares as of 09/30/2010.
Added: Medallion Financial Corp. (TAXI)
Whitney Tilson added to his holdings in Medallion Financial Corp. by 65.37%. His purchase prices were between $6.5 and $7.76, with an estimated average price of $7.05. The impact to his portfolio due to this purchase was 0.04%. His holdings were 85,000 shares as of 09/30/2010.
Added: Mind C.t.i. Ltd. (MNDO)
Whitney Tilson added to his holdings in Mind C.t.i. Ltd. by 24.6%. His purchase prices were between $1.7801 and $2.01, with an estimated average price of $1.91. The impact to his portfolio due to this purchase was 0.03%. His holdings were 351,319 shares as of 09/30/2010.
Mind C.t.i. Ltd. has a market cap of $42.5 million; its shares were traded at around $2.3 with a P/E ratio of 8.9 and P/S ratio of 2.4. The dividend yield of Mind C.t.i. Ltd. stocks is 8.7%.
Added: Petsmart Inc. (PETM)
Whitney Tilson added to his holdings in Petsmart Inc. by 22.95%. His purchase prices were between $29.4 and $35.55, with an estimated average price of $32.48. The impact to his portfolio due to this purchase was 0.02%. His holdings were 15,000 shares as of 09/30/2010.
Petsmart Inc. has a market cap of $4.47 billion; its shares were traded at around $37.67 with a P/E ratio of 21.1 and P/S ratio of 0.8. The dividend yield of Petsmart Inc. stocks is 1.3%. Petsmart Inc. had an annual average earning growth of 26.9% over the past 10 years. GuruFocus rated Petsmart Inc. the business predictability rank of 2.5-star.
Added: Tucows Inc (TCX)
Whitney Tilson added to his holdings in Tucows Inc by 282.08%. His purchase prices were between $0.58 and $0.689, with an estimated average price of $0.63. The impact to his portfolio due to this purchase was 0.01%. His holdings were 110,583 shares as of 09/30/2010.
Tucows Inc. is a pioneering provider of personalized information agents and Web sites. Tucows Inc has a market cap of $39.1 million; its shares were traded at around $0.6824 with a P/E ratio of 17.1 and P/S ratio of 0.5.
New Purchase: Automatic Data Processing Inc. (ADP, Financial)
Whitney Tilson initiated holdings in Automatic Data Processing Inc.. His purchase prices were between $38.61 and $42.64, with an estimated average price of $40.74. The impact to his portfolio due to this purchase was 2.27%. His holdings were 309,888 shares as of 09/30/2010.
Automatic Data Processing Inc. has a market cap of $21.98 billion; its shares were traded at around $44.63 with a P/E ratio of 18.9 and P/S ratio of 2.5. The dividend yield of Automatic Data Processing Inc. stocks is 3.1%. Automatic Data Processing Inc. had an annual average earning growth of 1.9% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 4-star.
New Purchase: H&r Block Inc. (HRB, Financial)
Whitney Tilson initiated holdings in H&r Block Inc.. His purchase prices were between $12.51 and $15.83, with an estimated average price of $14.01. The impact to his portfolio due to this purchase was 0.68%. His holdings were 304,040 shares as of 09/30/2010.
H&r Block Inc. has a market cap of $3.84 billion; its shares were traded at around $12.46 with a P/E ratio of 8.2 and P/S ratio of 1. The dividend yield of H&r Block Inc. stocks is 4.8%.
New Purchase: Sears Holdings Corp. (SHLD, Financial)
Whitney Tilson initiated holdings in Sears Holdings Corp.. His purchase prices were between $60.14 and $75.13, with an estimated average price of $67.03. The impact to his portfolio due to this purchase was 0.32%. His holdings were 25,433 shares as of 09/30/2010.
Sears Holdings Corp. has a market cap of $7.18 billion; its shares were traded at around $64.89 with a P/E ratio of 22.8 and P/S ratio of 0.2.
New Purchase: Cisco Systems Inc. (CSCO, Financial)
Whitney Tilson initiated holdings in Cisco Systems Inc.. His purchase prices were between $19.985 and $24.77, with an estimated average price of $22.21. The impact to his portfolio due to this purchase was 0.23%. His holdings were 58,000 shares as of 09/30/2010.
Cisco Systems Inc. has a market cap of $108.54 billion; its shares were traded at around $19.435 with a P/E ratio of 13.2 and P/S ratio of 2.7. Cisco Systems Inc. had an annual average earning growth of 23% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 2.5-star.
New Purchase: Wells Fargo & Company (WFC)
Whitney Tilson initiated holdings in Wells Fargo & Company. His purchase prices were between $23.25 and $28.57, with an estimated average price of $26.11. The impact to his portfolio due to this purchase was 0.21%. His holdings were 47,856 shares as of 09/30/2010.
Wells Fargo & Company has a market cap of $142.3 billion; its shares were traded at around $27.19 with a P/E ratio of 15.7 and P/S ratio of 1.5. The dividend yield of Wells Fargo & Company stocks is 0.7%. Wells Fargo & Company had an annual average earning growth of 5.1% over the past 10 years.
New Purchase: Aspen Insurance Holdings Ltd. (AHL)
Whitney Tilson initiated holdings in Aspen Insurance Holdings Ltd.. His purchase prices were between $24.55 and $30.1, with an estimated average price of $27.94. The impact to his portfolio due to this purchase was 0.19%. His holdings were 35,011 shares as of 09/30/2010.
Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen Insurance Holdings Ltd. has a market cap of $2.2 billion; its shares were traded at around $28.72 with a P/E ratio of 8.4 and P/S ratio of 1.2. The dividend yield of Aspen Insurance Holdings Ltd. stocks is 2.1%.
New Purchase: Blue Coat Systems Inc (BCSI)
Whitney Tilson initiated holdings in Blue Coat Systems Inc. His purchase prices were between $17.5 and $24.89, with an estimated average price of $21.19. The impact to his portfolio due to this purchase was 0.18%. His holdings were 40,000 shares as of 09/30/2010.
Blue Coat Systems, secures Web communications and accelerates business applications across the distributed enterprise. Blue Coat Systems Inc has a market cap of $1.14 billion; its shares were traded at around $26.57 with a P/E ratio of 24.2 and P/S ratio of 2.3.
New Purchase: Chimera Investment Corp Common Stock (CIM)
Whitney Tilson initiated holdings in Chimera Investment Corp Common Stock. His purchase prices were between $3.51 and $4.17, with an estimated average price of $3.9. The impact to his portfolio due to this purchase was 0.17%. His holdings were 250,000 shares as of 09/30/2010.
Chimera Investment Corporation are a newly-formed specialty finance company that will invest in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes and intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Chimera Investment Corp Common Stock has a market cap of $3.52 billion; its shares were traded at around $3.99 with a P/E ratio of 6.2 and P/S ratio of 11.8. The dividend yield of Chimera Investment Corp Common Stock stocks is 18%.
New Purchase: Premier Exhibitions Inc. (PRXI)
Whitney Tilson initiated holdings in Premier Exhibitions Inc.. His purchase prices were between $1.07 and $1.89, with an estimated average price of $1.48. The impact to his portfolio due to this purchase was 0.17%. His holdings were 570,319 shares as of 09/30/2010.
Premier Exhibitions, Inc. is a major provider of museum quality touring exhibitions throughout the world. Premier Exhibitions Inc. has a market cap of $90.9 million; its shares were traded at around $1.9 with and P/S ratio of 2.1.
New Purchase: Target Corp. (TGT)
Whitney Tilson initiated holdings in Target Corp.. His purchase prices were between $49.16 and $55.05, with an estimated average price of $52. The impact to his portfolio due to this purchase was 0.15%. His holdings were 15,733 shares as of 09/30/2010.
Target Corporation operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores. Target Corp. has a market cap of $38.81 billion; its shares were traded at around $53.79 with a P/E ratio of 14.8 and P/S ratio of 0.6. The dividend yield of Target Corp. stocks is 1.9%. Target Corp. had an annual average earning growth of 9.8% over the past 10 years. GuruFocus rated Target Corp. the business predictability rank of 4.5-star.
New Purchase: Chico's Fas Inc. (CHS)
Whitney Tilson initiated holdings in Chico's Fas Inc.. His purchase prices were between $8.26 and $10.83, with an estimated average price of $9.47. The impact to his portfolio due to this purchase was 0.06%. His holdings were 33,477 shares as of 09/30/2010.
CHICO'S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Chico's Fas Inc. has a market cap of $1.8 billion; its shares were traded at around $10.0725 with a P/E ratio of 16.5 and P/S ratio of 1.1. The dividend yield of Chico's Fas Inc. stocks is 1.6%.
New Purchase: Foot Locker Inc. (FL)
Whitney Tilson initiated holdings in Foot Locker Inc.. His purchase prices were between $11.74 and $14.94, with an estimated average price of $13.31. The impact to his portfolio due to this purchase was 0.05%. His holdings were 17,300 shares as of 09/30/2010.
Foot Locker, Inc. is a global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. Foot Locker Inc. has a market cap of $2.5 billion; its shares were traded at around $16.06 with a P/E ratio of 22 and P/S ratio of 0.5. The dividend yield of Foot Locker Inc. stocks is 3.7%.
New Purchase: Intel Corp. (INTC)
Whitney Tilson initiated holdings in Intel Corp.. His purchase prices were between $17.665 and $21.78, with an estimated average price of $19.67. The impact to his portfolio due to this purchase was 0.03%. His holdings were 7,974 shares as of 09/30/2010.
Intel Corporation is one of the world's largest semiconductor chip maker. Intel Corp. has a market cap of $117.32 billion; its shares were traded at around $21.07 with a P/E ratio of 11.4 and P/S ratio of 3.4. The dividend yield of Intel Corp. stocks is 3%. Intel Corp. had an annual average earning growth of 2.5% over the past 10 years.
New Purchase: Wet Seal Inc. (WTSLA)
Whitney Tilson initiated holdings in Wet Seal Inc.. His purchase prices were between $2.81 and $3.69, with an estimated average price of $3.29. The impact to his portfolio due to this purchase was 0.02%. His holdings were 31,436 shares as of 09/30/2010.
Wet Seal, Inc. is a nationwide specialty retailer of fashionable andcontemporary apparel and accessory items designed for consumers with a young, active lifestyle. Wet Seal Inc. has a market cap of $316.4 million; its shares were traded at around $3.11 with a P/E ratio of 14.1 and P/S ratio of 0.6.
New Purchase: Slm Corp. (SLM)
Whitney Tilson initiated holdings in Slm Corp.. His purchase prices were between $10.32 and $12.3, with an estimated average price of $11.53. The impact to his portfolio due to this purchase was 0.02%. His holdings were 10,099 shares as of 09/30/2010.
SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. Slm Corp. has a market cap of $5.6 billion; its shares were traded at around $11.53 with a P/E ratio of 7.5 and P/S ratio of 1.2. Slm Corp. had an annual average earning growth of 9.8% over the past 10 years.
New Purchase: Johnson & Johnson (JNJ)
Whitney Tilson initiated holdings in Johnson & Johnson. His purchase prices were between $57.02 and $62.43, with an estimated average price of $59.49. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,110 shares as of 09/30/2010.
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $173.92 billion; its shares were traded at around $63.14 with a P/E ratio of 13.3 and P/S ratio of 2.9. The dividend yield of Johnson & Johnson stocks is 3.5%. Johnson & Johnson had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.
Reduced: General Growth Properties Inc (GGP, Financial)
Whitney Tilson reduced to his holdings in General Growth Properties Inc by 45.13%. His sale prices were between $12.36 and $15.67, with an estimated average price of $14.23. The impact to his portfolio due to this sale was -2.57%. Whitney Tilson still held 1,151,068 shares as of 09/30/2010.
General Growth Properties is one of the oldest and most experienced shopping center owners, developers and managers in the United States. General Growth Properties Inc has a market cap of $4.54 billion; its shares were traded at around $14.31 with a P/E ratio of 14 and P/S ratio of 1.5. General Growth Properties Inc had an annual average earning growth of 5.9% over the past 10 years.
Reduced: Citigroup Inc. (C)
Whitney Tilson reduced to his holdings in Citigroup Inc. by 94.92%. His sale prices were between $3.66 and $4.3, with an estimated average price of $3.94. The impact to his portfolio due to this sale was -0.93%. Whitney Tilson still held 69,471 shares as of 09/30/2010.
Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $122.59 billion; its shares were traded at around $4.22 with and P/S ratio of 1.4.
Reduced: Ncr Corp. (NCR)
Whitney Tilson reduced to his holdings in Ncr Corp. by 93.25%. His sale prices were between $12.03 and $14.26, with an estimated average price of $13.33. The impact to his portfolio due to this sale was -0.69%. Whitney Tilson still held 19,698 shares as of 09/30/2010.
NCR Corporation is a recognized world leader in providing Relationship Technology solutions for the retail, financial, communications, travel and transportation, and insurance markets. Ncr Corp. has a market cap of $2.26 billion; its shares were traded at around $14.11 with a P/E ratio of 13.1 and P/S ratio of 0.5. Ncr Corp. had an annual average earning growth of 3.7% over the past 10 years.
Reduced: Berkshire Hathaway Inc. (BRK.B)
Whitney Tilson reduced to his holdings in Berkshire Hathaway Inc. by 20.6%. His sale prices were between $76.37 and $83.54, with an estimated average price of $79.78. The impact to his portfolio due to this sale was -0.58%. Whitney Tilson still held 138,201 shares as of 09/30/2010.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $198.18 billion; its shares were traded at around $79.91 with a P/E ratio of 23.6 and P/S ratio of 2.2. Berkshire Hathaway Inc. had an annual average earning growth of 13.2% over the past 10 years.
Reduced: Goldman Sachs Group Inc. The (GS)
Whitney Tilson reduced to his holdings in Goldman Sachs Group Inc. The by 89.77%. His sale prices were between $131.08 and $156.41, with an estimated average price of $146.49. The impact to his portfolio due to this sale was -0.53%. Whitney Tilson still held 2,280 shares as of 09/30/2010.
Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $85.13 billion; its shares were traded at around $165.1 with a P/E ratio of 8.5 and P/S ratio of 1.7. The dividend yield of Goldman Sachs Group Inc. The stocks is 0.8%. Goldman Sachs Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.
Reduced: Wendy's International Inc. (WEN)
Whitney Tilson reduced to his holdings in Wendy's International Inc. by 71.67%. His sale prices were between $3.89 and $4.69, with an estimated average price of $4.26. The impact to his portfolio due to this sale was -0.2%. Whitney Tilson still held 107,963 shares as of 09/30/2010.
WENDY'S/ARBY'S GROUP, Inc. is the third largest quick-service restaurant company in the United States and is the franchisor of the Wendy's and Arby's restaurant systems. Wendy's International Inc. has a market cap of $1.92 billion; its shares were traded at around $4.59 with a P/E ratio of 23 and P/S ratio of 0.6. The dividend yield of Wendy's International Inc. stocks is 1.4%.
Reduced: Helix Energy Solutions Group Inc. (HLX)
Whitney Tilson reduced to his holdings in Helix Energy Solutions Group Inc. by 80.26%. His sale prices were between $8.7 and $11, with an estimated average price of $10. The impact to his portfolio due to this sale was -0.16%. Whitney Tilson still held 22,309 shares as of 09/30/2010.
Helix Energy Solutions Group Inc., is a marine contractor and operator of offshore oil and gas properties and production facilities. Helix Energy Solutions Group Inc. has a market cap of $1.39 billion; its shares were traded at around $13.2 with a P/E ratio of 35.7 and P/S ratio of 1. Helix Energy Solutions Group Inc. had an annual average earning growth of 27.9% over the past 10 years. GuruFocus rated Helix Energy Solutions Group Inc. the business predictability rank of 3-star.
Reduced: Ambassadors International Inc. (AMIE)
Whitney Tilson reduced to his holdings in Ambassadors International Inc. by 87.64%. His sale prices were between $0.25 and $2.1, with an estimated average price of $0.63. The impact to his portfolio due to this sale was -0.14%. Whitney Tilson still held 74,227 shares as of 09/30/2010.
Ambassadors International, Inc. promotes and organizes international educational travel and sports programs on a worldwide basis for students, athletes, and professionals. Ambassadors International Inc. has a market cap of $5.8 million; its shares were traded at around $1.75 with and P/S ratio of 0.1.
Reduced: Kraft Foods Inc. (KFT)
Whitney Tilson reduced to his holdings in Kraft Foods Inc. by 48.8%. His sale prices were between $27.82 and $31.95, with an estimated average price of $29.94. The impact to his portfolio due to this sale was -0.13%. Whitney Tilson still held 25,600 shares as of 09/30/2010.
Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc. has a market cap of $52.91 billion; its shares were traded at around $30.34 with a P/E ratio of 15 and P/S ratio of 1.3. The dividend yield of Kraft Foods Inc. stocks is 3.9%. Kraft Foods Inc. had an annual average earning growth of 1.7% over the past 5 years.
Reduced: Seagate Technology (STX)
Whitney Tilson reduced to his holdings in Seagate Technology by 49.8%. His sale prices were between $10.14 and $14.98, with an estimated average price of $12. The impact to his portfolio due to this sale was -0.08%. Whitney Tilson still held 38,053 shares as of 09/30/2010.
Seagate Technology is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate Technology has a market cap of $6.53 billion; its shares were traded at around $13.85 with a P/E ratio of 4.4 and P/S ratio of 0.6.
Reduced: Broadridge Financial Solutions Inc. (BR)
Whitney Tilson reduced to his holdings in Broadridge Financial Solutions Inc. by 29.42%. His sale prices were between $18.96 and $23.13, with an estimated average price of $21.09. The impact to his portfolio due to this sale was -0.06%. Whitney Tilson still held 35,985 shares as of 09/30/2010.
Broadridge is a global provider of technology-based outsourcing solutions to the financial services industry. Broadridge Financial Solutions Inc. has a market cap of $2.74 billion; its shares were traded at around $21.61 with a P/E ratio of 14.1 and P/S ratio of 1.2. The dividend yield of Broadridge Financial Solutions Inc. stocks is 2.8%.
Reduced: Winthrop Realty Trust (FUR)
Whitney Tilson reduced to his holdings in Winthrop Realty Trust by 66.06%. His sale prices were between $11.11 and $14.54, with an estimated average price of $12.75. The impact to his portfolio due to this sale was -0.06%. Whitney Tilson still held 15,358 shares as of 09/30/2010.
Winthrop Realty Trust is a Boston-based real estate investment trust. Winthrop Realty Trust has a market cap of $340.7 million; its shares were traded at around $12.99 with a P/E ratio of 8 and P/S ratio of 7.1. The dividend yield of Winthrop Realty Trust stocks is 5%. Winthrop Realty Trust had an annual average earning growth of 8.5% over the past 10 years.
Reduced: Ocwen Financial Corp. (OCN)
Whitney Tilson reduced to his holdings in Ocwen Financial Corp. by 40.79%. His sale prices were between $8.77 and $10.74, with an estimated average price of $9.67. The impact to his portfolio due to this sale was -0.04%. Whitney Tilson still held 34,350 shares as of 09/30/2010.
Ocwen Financial Corporation is a financial services holding company engaged in asset acquisition and resolution, residential finance, commercial finance, investment management and hotel operations. Ocwen Financial Corp. has a market cap of $874.7 million; its shares were traded at around $8.73 with a P/E ratio of 11.9 and P/S ratio of 2.3. Ocwen Financial Corp. had an annual average earning growth of 16.1% over the past 5 years.
Reduced: Huntsman Corp. (HUN)
Whitney Tilson reduced to his holdings in Huntsman Corp. by 25.24%. His sale prices were between $8.3 and $11.66, with an estimated average price of $9.8. The impact to his portfolio due to this sale was -0.03%. Whitney Tilson still held 39,681 shares as of 09/30/2010.
Huntsman Corporation is among the world's largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. Huntsman Corp. has a market cap of $3.06 billion; its shares were traded at around $12.8 with a P/E ratio of 15.6 and P/S ratio of 0.4. The dividend yield of Huntsman Corp. stocks is 3.1%.
Sold Out: Exxon Mobil Corp. (XOM, Financial)
Whitney Tilson sold out his holdings in Exxon Mobil Corp.. His sale prices were between $56.57 and $62.72, with an estimated average price of $60.26.
Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $351.03 billion; its shares were traded at around $68.94 with a P/E ratio of 12.2 and P/S ratio of 1.2. The dividend yield of Exxon Mobil Corp. stocks is 2.6%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.
Sold Out: Berkshire Hathaway Inc. (BRK.A, Financial)
Whitney Tilson sold out his holdings in Berkshire Hathaway Inc.. His sale prices were between $114433 and $125300, with an estimated average price of $119679.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $197.7 billion; its shares were traded at around $120039 with a P/E ratio of 22.8 and P/S ratio of 2.2. Berkshire Hathaway Inc. had an annual average earning growth of 3.7% over the past 10 years.
Sold Out: Wesco Financial Corp (WSC)
Whitney Tilson sold out his holdings in Wesco Financial Corp. His sale prices were between $319.75 and $364, with an estimated average price of $343.12.
Wesco Financial Corp. is engaged in three principal businesses through wholly owned subsidiaries: the insurance business, through Wesco-Financial Insurance Company and The Kansas Bankers Surety Company; and the steel service center business, through Precision Steel Warehouse, Inc. Wesco Financial Corp has a market cap of $2.56 billion; its shares were traded at around $360 with a P/E ratio of 36.6 and P/S ratio of 3.2. The dividend yield of Wesco Financial Corp stocks is 0.4%.
Sold Out: Gamestop Corp. (GME)
Whitney Tilson sold out his holdings in Gamestop Corp.. His sale prices were between $17.87 and $21.26, with an estimated average price of $19.42.
GameStop Corp. is the world's largest video game and entertainment software retailer. Gamestop Corp. has a market cap of $3.13 billion; its shares were traded at around $20.85 with a P/E ratio of 8.9 and P/S ratio of 0.3. Gamestop Corp. had an annual average earning growth of 18.4% over the past 10 years.
Sold Out: Fidelity National Financial Inc. (FNF)
Whitney Tilson sold out his holdings in Fidelity National Financial Inc.. His sale prices were between $12.82 and $15.77, with an estimated average price of $14.56.
Fidelity National Title Group, Inc. is a provider of title insurance, specialty insurance and claims management services. Fidelity National Financial Inc. has a market cap of $3.09 billion; its shares were traded at around $13.52 with a P/E ratio of 10.7 and P/S ratio of 0.5. The dividend yield of Fidelity National Financial Inc. stocks is 5.3%.
Sold Out: Capitol Federal Financial (CFFN)
Whitney Tilson sold out his holdings in Capitol Federal Financial. His sale prices were between $24.05 and $34.1, with an estimated average price of $28.86.
Capitol Federal Financial is a federally chartered mid-tier holding company. Capitol Federal Financial has a market cap of $1.73 billion; its shares were traded at around $23.34 with a P/E ratio of 24.6 and P/S ratio of 3.9. The dividend yield of Capitol Federal Financial stocks is 8.5%. Capitol Federal Financial had an annual average earning growth of 64.3% over the past 5 years.
Sold Out: Osteotech Inc. (OSTE)
Whitney Tilson sold out his holdings in Osteotech Inc.. His sale prices were between $2.9 and $6.48, with an estimated average price of $4.91.
Osteotech, Inc. provides services and products primarily focused in the repair and healing of the musculoskeletal system. Osteotech Inc. has a market cap of $118.6 million; its shares were traded at around $6.5 with and P/S ratio of 1.2.
Sold Out: Interoil Corp. (IOC)
Whitney Tilson sold out his holdings in Interoil Corp.. His sale prices were between $46.13 and $69.77, with an estimated average price of $59.97.
Interoil Corp is a vertically integrated energy company whose primary focus is Papua New Guinea and the surrounding region. Interoil Corp. has a market cap of $3.21 billion; its shares were traded at around $74.99 with a P/E ratio of 90.4 and P/S ratio of 4.6.
Sold Out: Crosstex Energy Inc. (XTXI)
Whitney Tilson sold out his holdings in Crosstex Energy Inc.. His sale prices were between $5.65 and $8.45, with an estimated average price of $7.34.
Crosstex Energy Inc. owns and controls the general partner of Crosstex Energy, L. Crosstex Energy Inc. has a market cap of $429.8 million; its shares were traded at around $9.17 with and P/S ratio of 0.3. The dividend yield of Crosstex Energy Inc. stocks is 3.1%. Crosstex Energy Inc. had an annual average earning growth of 18.4% over the past 5 years.
Sold Out: Dr Pepper Snapple Gp (DPS)
Whitney Tilson sold out his holdings in Dr Pepper Snapple Gp. His sale prices were between $33.94 and $40.1, with an estimated average price of $37.17.
DR PEPPER SNAPPLE Group is one of the largest beverage companies in the Americas. Dr Pepper Snapple Gp has a market cap of $8.7 billion; its shares were traded at around $36.43 with a P/E ratio of 16.7 and P/S ratio of 1.6. The dividend yield of Dr Pepper Snapple Gp stocks is 2.7%.
Whitney Tilson is certainly well known in value investing community. He bought into BP at the peak of the BP oil spill, and got into a few other positions. Interestingly, he reduced his position in Berkshire Hathaway quite dramatically.
As of 09/30/2010, T2 Partners Management, LP owns 103 stocks with a total value of $578 million. These are the details of the buys and sells.
- New Purchases: ADP, HRB, SHLD, CSCO, WFC, AHL, BCSI, CIM, PRXI, TGT, CHS, FL, INTC, WTSLA, SLM, JNJ,
- Added Positions: BP, LIA, MSFT, AEO, LH, IRDMW, TTT, EMC, HIMX, SAFT, NOC, MVC, TAXI, HOTT, MNDO, PETM, TCX,
- Reduced Positions: GGP, C, NCR, BRK.B, GS, WEN, HLX, AMIE, KFT, STX, FUR, BR, OCN, HUN,
- Sold Out: XOM, BRK.A, WSC, GME, FNF, CFFN, OSTE, IOC, XTXI, DPS, BBI.B, FNM, IRDMZ,
This is the sector weightings of his portfolio:
| Oil & Gas | 9% |
| Financials | 8.5% |
| Consumer Services | 6.7% |
| Technology | 5.9% |
| Consumer Goods | 4.6% |
| Industrials | 3% |
| Health Care | 1.7% |
| Telecommunications | 1.6% |
| Basic Materials | 0.1% |
These are the top 5 holdings of Whitney Tilson
- BP P.l.c. (BP) - 717,259 shares, 5.1% of the total portfolio. Shares added by 125.48%
- General Growth Properties Inc (GGP) - 1,151,068 shares, 3.12% of the total portfolio. Shares reduced by 45.13%
- LIBERTY ACQ HDG WTS (LIA/WS) - 10,106,640 shares, 2.85% of the total portfolio. Shares added by 18.26%
- Automatic Data Processing Inc. (ADP) - 309,888 shares, 2.27% of the total portfolio. Shares added by 10000%
- Berkshire Hathaway Inc. (BRK.B) - 138,201 shares, 2.25% of the total portfolio. Shares reduced by 20.6%
Added: BP P.l.c. (BP, Financial)
Whitney Tilson added to his holdings in Bp P.l.c. by 125.48%. His purchase prices were between $29.35 and $41.33, with an estimated average price of $37.3. The impact to his portfolio due to this purchase was 2.84%. His holdings were 717,259 shares as of 09/30/2010.
BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp P.l.c. has a market cap of $130.83 billion; its shares were traded at around $41.78 with a P/E ratio of 5.8 and P/S ratio of 0.6. Bp P.l.c. had an annual average earning growth of 20.3% over the past 10 years. GuruFocus rated Bp P.l.c. the business predictability rank of 3-star.
Added: Microsoft Corp. (MSFT)
Whitney Tilson added to his holdings in Microsoft Corp. by 513.24%. His purchase prices were between $23.27 and $26.33, with an estimated average price of $24.82. The impact to his portfolio due to this purchase was 0.93%. His holdings were 253,785 shares as of 09/30/2010.
Microsoft Corp. has a market cap of $223.35 billion; its shares were traded at around $25.81 with a P/E ratio of 11.1 and P/S ratio of 3.5. The dividend yield of Microsoft Corp. stocks is 2%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
Added: American Eagle Outfitters Inc. (AEO)
Whitney Tilson added to his holdings in American Eagle Outfitters Inc. by 177.29%. His purchase prices were between $11.79 and $14.9325, with an estimated average price of $13.08. The impact to his portfolio due to this purchase was 0.2%. His holdings were 110,916 shares as of 09/30/2010.
American Eagle Outfitters is a specialty retailer of all-American casual apparel, accessories, and footwear for men and women between the ages of 16 and 34. American Eagle Outfitters Inc. has a market cap of $2.99 billion; its shares were traded at around $15.29 with a P/E ratio of 18.2 and P/S ratio of 1. The dividend yield of American Eagle Outfitters Inc. stocks is 2.9%. American Eagle Outfitters Inc. had an annual average earning growth of 15.5% over the past 10 years.
Added: Laboratory Corp. Of America Holdings (LH)
Whitney Tilson added to his holdings in Laboratory Corp. Of America Holdings by 76.92%. His purchase prices were between $72.24 and $78.15, with an estimated average price of $75.2. The impact to his portfolio due to this purchase was 0.14%. His holdings were 23,000 shares as of 09/30/2010.
Laboratory Corporation of America Holdings, is one of the largest independent clinical laboratory company's in the United States. Laboratory Corp. Of America Holdings has a market cap of $8.31 billion; its shares were traded at around $80.85 with a P/E ratio of 14.9 and P/S ratio of 1.8. Laboratory Corp. Of America Holdings had an annual average earning growth of 17.6% over the past 10 years.
Added: Emc Corp. (EMC)
Whitney Tilson added to his holdings in Emc Corp. by 47.43%. His purchase prices were between $18.04 and $21.64, with an estimated average price of $19.81. The impact to his portfolio due to this purchase was 0.08%. His holdings were 70,768 shares as of 09/30/2010.
EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing ofelectronic information. Emc Corp. has a market cap of $43.19 billion; its shares were traded at around $21.03 with a P/E ratio of 22.6 and P/S ratio of 3. Emc Corp. had an annual average earning growth of 8.2% over the past 5 years.
Added: Terra Nova Royalty Corp. (TTT)
Whitney Tilson added to his holdings in Terra Nova Royalty Corp. by 111.43%. His purchase prices were between $6.77 and $8.92, with an estimated average price of $7.93. The impact to his portfolio due to this purchase was 0.08%. His holdings were 110,000 shares as of 09/30/2010.
KHD Humboldt Wedag International Ltd. owns companies that operate internationally in the engineering services industry, and specializes in the cement, coal and mineral engineering services industries. Terra Nova Royalty Corp. has a market cap of $239.6 million; its shares were traded at around $7.91 with a P/E ratio of 5.4 and P/S ratio of 0.4.
Added: Himax Technologies Inc. (HIMX)
Whitney Tilson added to his holdings in Himax Technologies Inc. by 90%. His purchase prices were between $2.32 and $3.1, with an estimated average price of $2.65. The impact to his portfolio due to this purchase was 0.08%. His holdings were 380,000 shares as of 09/30/2010.
Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. Himax Technologies Inc. has a market cap of $392.4 million; its shares were traded at around $2.2199 with a P/E ratio of 13.9 and P/S ratio of 0.6. The dividend yield of Himax Technologies Inc. stocks is 10.8%.
Added: Safety Insurance Group Inc. (SAFT)
Whitney Tilson added to his holdings in Safety Insurance Group Inc. by 42.86%. His purchase prices were between $37.28 and $43.82, with an estimated average price of $40.78. The impact to his portfolio due to this purchase was 0.05%. His holdings were 20,000 shares as of 09/30/2010.
Safety Insurance Group is the parent of Safety Insurance Company, a Boston, MA, based writer of property and casualty insurance. Safety Insurance Group Inc. has a market cap of $691.7 million; its shares were traded at around $46.06 with a P/E ratio of 12.9 and P/S ratio of 0.9. The dividend yield of Safety Insurance Group Inc. stocks is 4.4%. Safety Insurance Group Inc. had an annual average earning growth of 17.7% over the past 10 years.
Added: Mvc Capital Inc. (MVC)
Whitney Tilson added to his holdings in Mvc Capital Inc. by 35.77%. His purchase prices were between $12.32 and $13.3, with an estimated average price of $12.89. The impact to his portfolio due to this purchase was 0.04%. His holdings were 70,600 shares as of 09/30/2010.
MVC CAPITAL INC is a business development company traded on the New York Stock Exchange, under the listing symbol MVC and is advised by The Tokarz Group Advisers LLC. Mvc Capital Inc. has a market cap of $315.2 million; its shares were traded at around $13.11 with a P/E ratio of 20.8 and P/S ratio of 12.1. The dividend yield of Mvc Capital Inc. stocks is 3.6%.
Added: Hot Topic Inc. (HOTT)
Whitney Tilson added to his holdings in Hot Topic Inc. by 25.33%. His purchase prices were between $4.69 and $6.05, with an estimated average price of $5.24. The impact to his portfolio due to this purchase was 0.04%. His holdings were 214,231 shares as of 09/30/2010.
Hot Topic, Inc. is a rapidly growing, mall-based specialty retailer of music-licensed and music-influenced apparel, accessories and gift items for young men and women principally between the ages of 12 and 22. Hot Topic Inc. has a market cap of $242.5 million; its shares were traded at around $5.44 with a P/E ratio of 41.9 and P/S ratio of 0.3. The dividend yield of Hot Topic Inc. stocks is 5.2%.
Added: Northrop Grumman Corp. (NOC)
Whitney Tilson added to his holdings in Northrop Grumman Corp. by 23.33%. His purchase prices were between $54.1 and $60.52, with an estimated average price of $57.44. The impact to his portfolio due to this purchase was 0.04%. His holdings were 18,500 shares as of 09/30/2010.
Added: Medallion Financial Corp. (TAXI)
Whitney Tilson added to his holdings in Medallion Financial Corp. by 65.37%. His purchase prices were between $6.5 and $7.76, with an estimated average price of $7.05. The impact to his portfolio due to this purchase was 0.04%. His holdings were 85,000 shares as of 09/30/2010.
Added: Mind C.t.i. Ltd. (MNDO)
Whitney Tilson added to his holdings in Mind C.t.i. Ltd. by 24.6%. His purchase prices were between $1.7801 and $2.01, with an estimated average price of $1.91. The impact to his portfolio due to this purchase was 0.03%. His holdings were 351,319 shares as of 09/30/2010.
Mind C.t.i. Ltd. has a market cap of $42.5 million; its shares were traded at around $2.3 with a P/E ratio of 8.9 and P/S ratio of 2.4. The dividend yield of Mind C.t.i. Ltd. stocks is 8.7%.
Added: Petsmart Inc. (PETM)
Whitney Tilson added to his holdings in Petsmart Inc. by 22.95%. His purchase prices were between $29.4 and $35.55, with an estimated average price of $32.48. The impact to his portfolio due to this purchase was 0.02%. His holdings were 15,000 shares as of 09/30/2010.
Petsmart Inc. has a market cap of $4.47 billion; its shares were traded at around $37.67 with a P/E ratio of 21.1 and P/S ratio of 0.8. The dividend yield of Petsmart Inc. stocks is 1.3%. Petsmart Inc. had an annual average earning growth of 26.9% over the past 10 years. GuruFocus rated Petsmart Inc. the business predictability rank of 2.5-star.
Added: Tucows Inc (TCX)
Whitney Tilson added to his holdings in Tucows Inc by 282.08%. His purchase prices were between $0.58 and $0.689, with an estimated average price of $0.63. The impact to his portfolio due to this purchase was 0.01%. His holdings were 110,583 shares as of 09/30/2010.
Tucows Inc. is a pioneering provider of personalized information agents and Web sites. Tucows Inc has a market cap of $39.1 million; its shares were traded at around $0.6824 with a P/E ratio of 17.1 and P/S ratio of 0.5.
New Purchase: Automatic Data Processing Inc. (ADP, Financial)
Whitney Tilson initiated holdings in Automatic Data Processing Inc.. His purchase prices were between $38.61 and $42.64, with an estimated average price of $40.74. The impact to his portfolio due to this purchase was 2.27%. His holdings were 309,888 shares as of 09/30/2010.
Automatic Data Processing Inc. has a market cap of $21.98 billion; its shares were traded at around $44.63 with a P/E ratio of 18.9 and P/S ratio of 2.5. The dividend yield of Automatic Data Processing Inc. stocks is 3.1%. Automatic Data Processing Inc. had an annual average earning growth of 1.9% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 4-star.
New Purchase: H&r Block Inc. (HRB, Financial)
Whitney Tilson initiated holdings in H&r Block Inc.. His purchase prices were between $12.51 and $15.83, with an estimated average price of $14.01. The impact to his portfolio due to this purchase was 0.68%. His holdings were 304,040 shares as of 09/30/2010.
H&r Block Inc. has a market cap of $3.84 billion; its shares were traded at around $12.46 with a P/E ratio of 8.2 and P/S ratio of 1. The dividend yield of H&r Block Inc. stocks is 4.8%.
New Purchase: Sears Holdings Corp. (SHLD, Financial)
Whitney Tilson initiated holdings in Sears Holdings Corp.. His purchase prices were between $60.14 and $75.13, with an estimated average price of $67.03. The impact to his portfolio due to this purchase was 0.32%. His holdings were 25,433 shares as of 09/30/2010.
Sears Holdings Corp. has a market cap of $7.18 billion; its shares were traded at around $64.89 with a P/E ratio of 22.8 and P/S ratio of 0.2.
New Purchase: Cisco Systems Inc. (CSCO, Financial)
Whitney Tilson initiated holdings in Cisco Systems Inc.. His purchase prices were between $19.985 and $24.77, with an estimated average price of $22.21. The impact to his portfolio due to this purchase was 0.23%. His holdings were 58,000 shares as of 09/30/2010.
Cisco Systems Inc. has a market cap of $108.54 billion; its shares were traded at around $19.435 with a P/E ratio of 13.2 and P/S ratio of 2.7. Cisco Systems Inc. had an annual average earning growth of 23% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 2.5-star.
New Purchase: Wells Fargo & Company (WFC)
Whitney Tilson initiated holdings in Wells Fargo & Company. His purchase prices were between $23.25 and $28.57, with an estimated average price of $26.11. The impact to his portfolio due to this purchase was 0.21%. His holdings were 47,856 shares as of 09/30/2010.
Wells Fargo & Company has a market cap of $142.3 billion; its shares were traded at around $27.19 with a P/E ratio of 15.7 and P/S ratio of 1.5. The dividend yield of Wells Fargo & Company stocks is 0.7%. Wells Fargo & Company had an annual average earning growth of 5.1% over the past 10 years.
New Purchase: Aspen Insurance Holdings Ltd. (AHL)
Whitney Tilson initiated holdings in Aspen Insurance Holdings Ltd.. His purchase prices were between $24.55 and $30.1, with an estimated average price of $27.94. The impact to his portfolio due to this purchase was 0.19%. His holdings were 35,011 shares as of 09/30/2010.
Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen Insurance Holdings Ltd. has a market cap of $2.2 billion; its shares were traded at around $28.72 with a P/E ratio of 8.4 and P/S ratio of 1.2. The dividend yield of Aspen Insurance Holdings Ltd. stocks is 2.1%.
New Purchase: Blue Coat Systems Inc (BCSI)
Whitney Tilson initiated holdings in Blue Coat Systems Inc. His purchase prices were between $17.5 and $24.89, with an estimated average price of $21.19. The impact to his portfolio due to this purchase was 0.18%. His holdings were 40,000 shares as of 09/30/2010.
Blue Coat Systems, secures Web communications and accelerates business applications across the distributed enterprise. Blue Coat Systems Inc has a market cap of $1.14 billion; its shares were traded at around $26.57 with a P/E ratio of 24.2 and P/S ratio of 2.3.
New Purchase: Chimera Investment Corp Common Stock (CIM)
Whitney Tilson initiated holdings in Chimera Investment Corp Common Stock. His purchase prices were between $3.51 and $4.17, with an estimated average price of $3.9. The impact to his portfolio due to this purchase was 0.17%. His holdings were 250,000 shares as of 09/30/2010.
Chimera Investment Corporation are a newly-formed specialty finance company that will invest in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes and intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Chimera Investment Corp Common Stock has a market cap of $3.52 billion; its shares were traded at around $3.99 with a P/E ratio of 6.2 and P/S ratio of 11.8. The dividend yield of Chimera Investment Corp Common Stock stocks is 18%.
New Purchase: Premier Exhibitions Inc. (PRXI)
Whitney Tilson initiated holdings in Premier Exhibitions Inc.. His purchase prices were between $1.07 and $1.89, with an estimated average price of $1.48. The impact to his portfolio due to this purchase was 0.17%. His holdings were 570,319 shares as of 09/30/2010.
Premier Exhibitions, Inc. is a major provider of museum quality touring exhibitions throughout the world. Premier Exhibitions Inc. has a market cap of $90.9 million; its shares were traded at around $1.9 with and P/S ratio of 2.1.
New Purchase: Target Corp. (TGT)
Whitney Tilson initiated holdings in Target Corp.. His purchase prices were between $49.16 and $55.05, with an estimated average price of $52. The impact to his portfolio due to this purchase was 0.15%. His holdings were 15,733 shares as of 09/30/2010.
Target Corporation operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores. Target Corp. has a market cap of $38.81 billion; its shares were traded at around $53.79 with a P/E ratio of 14.8 and P/S ratio of 0.6. The dividend yield of Target Corp. stocks is 1.9%. Target Corp. had an annual average earning growth of 9.8% over the past 10 years. GuruFocus rated Target Corp. the business predictability rank of 4.5-star.
New Purchase: Chico's Fas Inc. (CHS)
Whitney Tilson initiated holdings in Chico's Fas Inc.. His purchase prices were between $8.26 and $10.83, with an estimated average price of $9.47. The impact to his portfolio due to this purchase was 0.06%. His holdings were 33,477 shares as of 09/30/2010.
CHICO'S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Chico's Fas Inc. has a market cap of $1.8 billion; its shares were traded at around $10.0725 with a P/E ratio of 16.5 and P/S ratio of 1.1. The dividend yield of Chico's Fas Inc. stocks is 1.6%.
New Purchase: Foot Locker Inc. (FL)
Whitney Tilson initiated holdings in Foot Locker Inc.. His purchase prices were between $11.74 and $14.94, with an estimated average price of $13.31. The impact to his portfolio due to this purchase was 0.05%. His holdings were 17,300 shares as of 09/30/2010.
Foot Locker, Inc. is a global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. Foot Locker Inc. has a market cap of $2.5 billion; its shares were traded at around $16.06 with a P/E ratio of 22 and P/S ratio of 0.5. The dividend yield of Foot Locker Inc. stocks is 3.7%.
New Purchase: Intel Corp. (INTC)
Whitney Tilson initiated holdings in Intel Corp.. His purchase prices were between $17.665 and $21.78, with an estimated average price of $19.67. The impact to his portfolio due to this purchase was 0.03%. His holdings were 7,974 shares as of 09/30/2010.
Intel Corporation is one of the world's largest semiconductor chip maker. Intel Corp. has a market cap of $117.32 billion; its shares were traded at around $21.07 with a P/E ratio of 11.4 and P/S ratio of 3.4. The dividend yield of Intel Corp. stocks is 3%. Intel Corp. had an annual average earning growth of 2.5% over the past 10 years.
New Purchase: Wet Seal Inc. (WTSLA)
Whitney Tilson initiated holdings in Wet Seal Inc.. His purchase prices were between $2.81 and $3.69, with an estimated average price of $3.29. The impact to his portfolio due to this purchase was 0.02%. His holdings were 31,436 shares as of 09/30/2010.
Wet Seal, Inc. is a nationwide specialty retailer of fashionable andcontemporary apparel and accessory items designed for consumers with a young, active lifestyle. Wet Seal Inc. has a market cap of $316.4 million; its shares were traded at around $3.11 with a P/E ratio of 14.1 and P/S ratio of 0.6.
New Purchase: Slm Corp. (SLM)
Whitney Tilson initiated holdings in Slm Corp.. His purchase prices were between $10.32 and $12.3, with an estimated average price of $11.53. The impact to his portfolio due to this purchase was 0.02%. His holdings were 10,099 shares as of 09/30/2010.
SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. Slm Corp. has a market cap of $5.6 billion; its shares were traded at around $11.53 with a P/E ratio of 7.5 and P/S ratio of 1.2. Slm Corp. had an annual average earning growth of 9.8% over the past 10 years.
New Purchase: Johnson & Johnson (JNJ)
Whitney Tilson initiated holdings in Johnson & Johnson. His purchase prices were between $57.02 and $62.43, with an estimated average price of $59.49. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,110 shares as of 09/30/2010.
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $173.92 billion; its shares were traded at around $63.14 with a P/E ratio of 13.3 and P/S ratio of 2.9. The dividend yield of Johnson & Johnson stocks is 3.5%. Johnson & Johnson had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.
Reduced: General Growth Properties Inc (GGP, Financial)
Whitney Tilson reduced to his holdings in General Growth Properties Inc by 45.13%. His sale prices were between $12.36 and $15.67, with an estimated average price of $14.23. The impact to his portfolio due to this sale was -2.57%. Whitney Tilson still held 1,151,068 shares as of 09/30/2010.
General Growth Properties is one of the oldest and most experienced shopping center owners, developers and managers in the United States. General Growth Properties Inc has a market cap of $4.54 billion; its shares were traded at around $14.31 with a P/E ratio of 14 and P/S ratio of 1.5. General Growth Properties Inc had an annual average earning growth of 5.9% over the past 10 years.
Reduced: Citigroup Inc. (C)
Whitney Tilson reduced to his holdings in Citigroup Inc. by 94.92%. His sale prices were between $3.66 and $4.3, with an estimated average price of $3.94. The impact to his portfolio due to this sale was -0.93%. Whitney Tilson still held 69,471 shares as of 09/30/2010.
Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $122.59 billion; its shares were traded at around $4.22 with and P/S ratio of 1.4.
Reduced: Ncr Corp. (NCR)
Whitney Tilson reduced to his holdings in Ncr Corp. by 93.25%. His sale prices were between $12.03 and $14.26, with an estimated average price of $13.33. The impact to his portfolio due to this sale was -0.69%. Whitney Tilson still held 19,698 shares as of 09/30/2010.
NCR Corporation is a recognized world leader in providing Relationship Technology solutions for the retail, financial, communications, travel and transportation, and insurance markets. Ncr Corp. has a market cap of $2.26 billion; its shares were traded at around $14.11 with a P/E ratio of 13.1 and P/S ratio of 0.5. Ncr Corp. had an annual average earning growth of 3.7% over the past 10 years.
Reduced: Berkshire Hathaway Inc. (BRK.B)
Whitney Tilson reduced to his holdings in Berkshire Hathaway Inc. by 20.6%. His sale prices were between $76.37 and $83.54, with an estimated average price of $79.78. The impact to his portfolio due to this sale was -0.58%. Whitney Tilson still held 138,201 shares as of 09/30/2010.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $198.18 billion; its shares were traded at around $79.91 with a P/E ratio of 23.6 and P/S ratio of 2.2. Berkshire Hathaway Inc. had an annual average earning growth of 13.2% over the past 10 years.
Reduced: Goldman Sachs Group Inc. The (GS)
Whitney Tilson reduced to his holdings in Goldman Sachs Group Inc. The by 89.77%. His sale prices were between $131.08 and $156.41, with an estimated average price of $146.49. The impact to his portfolio due to this sale was -0.53%. Whitney Tilson still held 2,280 shares as of 09/30/2010.
Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $85.13 billion; its shares were traded at around $165.1 with a P/E ratio of 8.5 and P/S ratio of 1.7. The dividend yield of Goldman Sachs Group Inc. The stocks is 0.8%. Goldman Sachs Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.
Reduced: Wendy's International Inc. (WEN)
Whitney Tilson reduced to his holdings in Wendy's International Inc. by 71.67%. His sale prices were between $3.89 and $4.69, with an estimated average price of $4.26. The impact to his portfolio due to this sale was -0.2%. Whitney Tilson still held 107,963 shares as of 09/30/2010.
WENDY'S/ARBY'S GROUP, Inc. is the third largest quick-service restaurant company in the United States and is the franchisor of the Wendy's and Arby's restaurant systems. Wendy's International Inc. has a market cap of $1.92 billion; its shares were traded at around $4.59 with a P/E ratio of 23 and P/S ratio of 0.6. The dividend yield of Wendy's International Inc. stocks is 1.4%.
Reduced: Helix Energy Solutions Group Inc. (HLX)
Whitney Tilson reduced to his holdings in Helix Energy Solutions Group Inc. by 80.26%. His sale prices were between $8.7 and $11, with an estimated average price of $10. The impact to his portfolio due to this sale was -0.16%. Whitney Tilson still held 22,309 shares as of 09/30/2010.
Helix Energy Solutions Group Inc., is a marine contractor and operator of offshore oil and gas properties and production facilities. Helix Energy Solutions Group Inc. has a market cap of $1.39 billion; its shares were traded at around $13.2 with a P/E ratio of 35.7 and P/S ratio of 1. Helix Energy Solutions Group Inc. had an annual average earning growth of 27.9% over the past 10 years. GuruFocus rated Helix Energy Solutions Group Inc. the business predictability rank of 3-star.
Reduced: Ambassadors International Inc. (AMIE)
Whitney Tilson reduced to his holdings in Ambassadors International Inc. by 87.64%. His sale prices were between $0.25 and $2.1, with an estimated average price of $0.63. The impact to his portfolio due to this sale was -0.14%. Whitney Tilson still held 74,227 shares as of 09/30/2010.
Ambassadors International, Inc. promotes and organizes international educational travel and sports programs on a worldwide basis for students, athletes, and professionals. Ambassadors International Inc. has a market cap of $5.8 million; its shares were traded at around $1.75 with and P/S ratio of 0.1.
Reduced: Kraft Foods Inc. (KFT)
Whitney Tilson reduced to his holdings in Kraft Foods Inc. by 48.8%. His sale prices were between $27.82 and $31.95, with an estimated average price of $29.94. The impact to his portfolio due to this sale was -0.13%. Whitney Tilson still held 25,600 shares as of 09/30/2010.
Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc. has a market cap of $52.91 billion; its shares were traded at around $30.34 with a P/E ratio of 15 and P/S ratio of 1.3. The dividend yield of Kraft Foods Inc. stocks is 3.9%. Kraft Foods Inc. had an annual average earning growth of 1.7% over the past 5 years.
Reduced: Seagate Technology (STX)
Whitney Tilson reduced to his holdings in Seagate Technology by 49.8%. His sale prices were between $10.14 and $14.98, with an estimated average price of $12. The impact to his portfolio due to this sale was -0.08%. Whitney Tilson still held 38,053 shares as of 09/30/2010.
Seagate Technology is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate Technology has a market cap of $6.53 billion; its shares were traded at around $13.85 with a P/E ratio of 4.4 and P/S ratio of 0.6.
Reduced: Broadridge Financial Solutions Inc. (BR)
Whitney Tilson reduced to his holdings in Broadridge Financial Solutions Inc. by 29.42%. His sale prices were between $18.96 and $23.13, with an estimated average price of $21.09. The impact to his portfolio due to this sale was -0.06%. Whitney Tilson still held 35,985 shares as of 09/30/2010.
Broadridge is a global provider of technology-based outsourcing solutions to the financial services industry. Broadridge Financial Solutions Inc. has a market cap of $2.74 billion; its shares were traded at around $21.61 with a P/E ratio of 14.1 and P/S ratio of 1.2. The dividend yield of Broadridge Financial Solutions Inc. stocks is 2.8%.
Reduced: Winthrop Realty Trust (FUR)
Whitney Tilson reduced to his holdings in Winthrop Realty Trust by 66.06%. His sale prices were between $11.11 and $14.54, with an estimated average price of $12.75. The impact to his portfolio due to this sale was -0.06%. Whitney Tilson still held 15,358 shares as of 09/30/2010.
Winthrop Realty Trust is a Boston-based real estate investment trust. Winthrop Realty Trust has a market cap of $340.7 million; its shares were traded at around $12.99 with a P/E ratio of 8 and P/S ratio of 7.1. The dividend yield of Winthrop Realty Trust stocks is 5%. Winthrop Realty Trust had an annual average earning growth of 8.5% over the past 10 years.
Reduced: Ocwen Financial Corp. (OCN)
Whitney Tilson reduced to his holdings in Ocwen Financial Corp. by 40.79%. His sale prices were between $8.77 and $10.74, with an estimated average price of $9.67. The impact to his portfolio due to this sale was -0.04%. Whitney Tilson still held 34,350 shares as of 09/30/2010.
Ocwen Financial Corporation is a financial services holding company engaged in asset acquisition and resolution, residential finance, commercial finance, investment management and hotel operations. Ocwen Financial Corp. has a market cap of $874.7 million; its shares were traded at around $8.73 with a P/E ratio of 11.9 and P/S ratio of 2.3. Ocwen Financial Corp. had an annual average earning growth of 16.1% over the past 5 years.
Reduced: Huntsman Corp. (HUN)
Whitney Tilson reduced to his holdings in Huntsman Corp. by 25.24%. His sale prices were between $8.3 and $11.66, with an estimated average price of $9.8. The impact to his portfolio due to this sale was -0.03%. Whitney Tilson still held 39,681 shares as of 09/30/2010.
Huntsman Corporation is among the world's largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. Huntsman Corp. has a market cap of $3.06 billion; its shares were traded at around $12.8 with a P/E ratio of 15.6 and P/S ratio of 0.4. The dividend yield of Huntsman Corp. stocks is 3.1%.
Sold Out: Exxon Mobil Corp. (XOM, Financial)
Whitney Tilson sold out his holdings in Exxon Mobil Corp.. His sale prices were between $56.57 and $62.72, with an estimated average price of $60.26.
Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $351.03 billion; its shares were traded at around $68.94 with a P/E ratio of 12.2 and P/S ratio of 1.2. The dividend yield of Exxon Mobil Corp. stocks is 2.6%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.
Sold Out: Berkshire Hathaway Inc. (BRK.A, Financial)
Whitney Tilson sold out his holdings in Berkshire Hathaway Inc.. His sale prices were between $114433 and $125300, with an estimated average price of $119679.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $197.7 billion; its shares were traded at around $120039 with a P/E ratio of 22.8 and P/S ratio of 2.2. Berkshire Hathaway Inc. had an annual average earning growth of 3.7% over the past 10 years.
Sold Out: Wesco Financial Corp (WSC)
Whitney Tilson sold out his holdings in Wesco Financial Corp. His sale prices were between $319.75 and $364, with an estimated average price of $343.12.
Wesco Financial Corp. is engaged in three principal businesses through wholly owned subsidiaries: the insurance business, through Wesco-Financial Insurance Company and The Kansas Bankers Surety Company; and the steel service center business, through Precision Steel Warehouse, Inc. Wesco Financial Corp has a market cap of $2.56 billion; its shares were traded at around $360 with a P/E ratio of 36.6 and P/S ratio of 3.2. The dividend yield of Wesco Financial Corp stocks is 0.4%.
Sold Out: Gamestop Corp. (GME)
Whitney Tilson sold out his holdings in Gamestop Corp.. His sale prices were between $17.87 and $21.26, with an estimated average price of $19.42.
GameStop Corp. is the world's largest video game and entertainment software retailer. Gamestop Corp. has a market cap of $3.13 billion; its shares were traded at around $20.85 with a P/E ratio of 8.9 and P/S ratio of 0.3. Gamestop Corp. had an annual average earning growth of 18.4% over the past 10 years.
Sold Out: Fidelity National Financial Inc. (FNF)
Whitney Tilson sold out his holdings in Fidelity National Financial Inc.. His sale prices were between $12.82 and $15.77, with an estimated average price of $14.56.
Fidelity National Title Group, Inc. is a provider of title insurance, specialty insurance and claims management services. Fidelity National Financial Inc. has a market cap of $3.09 billion; its shares were traded at around $13.52 with a P/E ratio of 10.7 and P/S ratio of 0.5. The dividend yield of Fidelity National Financial Inc. stocks is 5.3%.
Sold Out: Capitol Federal Financial (CFFN)
Whitney Tilson sold out his holdings in Capitol Federal Financial. His sale prices were between $24.05 and $34.1, with an estimated average price of $28.86.
Capitol Federal Financial is a federally chartered mid-tier holding company. Capitol Federal Financial has a market cap of $1.73 billion; its shares were traded at around $23.34 with a P/E ratio of 24.6 and P/S ratio of 3.9. The dividend yield of Capitol Federal Financial stocks is 8.5%. Capitol Federal Financial had an annual average earning growth of 64.3% over the past 5 years.
Sold Out: Osteotech Inc. (OSTE)
Whitney Tilson sold out his holdings in Osteotech Inc.. His sale prices were between $2.9 and $6.48, with an estimated average price of $4.91.
Osteotech, Inc. provides services and products primarily focused in the repair and healing of the musculoskeletal system. Osteotech Inc. has a market cap of $118.6 million; its shares were traded at around $6.5 with and P/S ratio of 1.2.
Sold Out: Interoil Corp. (IOC)
Whitney Tilson sold out his holdings in Interoil Corp.. His sale prices were between $46.13 and $69.77, with an estimated average price of $59.97.
Interoil Corp is a vertically integrated energy company whose primary focus is Papua New Guinea and the surrounding region. Interoil Corp. has a market cap of $3.21 billion; its shares were traded at around $74.99 with a P/E ratio of 90.4 and P/S ratio of 4.6.
Sold Out: Crosstex Energy Inc. (XTXI)
Whitney Tilson sold out his holdings in Crosstex Energy Inc.. His sale prices were between $5.65 and $8.45, with an estimated average price of $7.34.
Crosstex Energy Inc. owns and controls the general partner of Crosstex Energy, L. Crosstex Energy Inc. has a market cap of $429.8 million; its shares were traded at around $9.17 with and P/S ratio of 0.3. The dividend yield of Crosstex Energy Inc. stocks is 3.1%. Crosstex Energy Inc. had an annual average earning growth of 18.4% over the past 5 years.
Sold Out: Dr Pepper Snapple Gp (DPS)
Whitney Tilson sold out his holdings in Dr Pepper Snapple Gp. His sale prices were between $33.94 and $40.1, with an estimated average price of $37.17.
DR PEPPER SNAPPLE Group is one of the largest beverage companies in the Americas. Dr Pepper Snapple Gp has a market cap of $8.7 billion; its shares were traded at around $36.43 with a P/E ratio of 16.7 and P/S ratio of 1.6. The dividend yield of Dr Pepper Snapple Gp stocks is 2.7%.
