In his latest Forbes column, contrarian investor David Dreman is bullish. He thinks that the economy will recover, as it always did. “One thing that isn't different is the economy's thirst for energy.” This is his third quarter portfolio update.
09/30/2009, according to the most recent filings of his investment company, Dreman Value Management. David Dreman owns 292 stocks with a total value of $3.8 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of David Dreman, four of them are oil stocks.
09/30/2009, according to the most recent filings of his investment company, Dreman Value Management. David Dreman owns 292 stocks with a total value of $3.8 billion. These are the details of the buys and sells.
- New Purchases: AXS, BIG, BKC, BP, CFN, CSH, CTL, DSX, EOG, ESI, GRS, HRS, ITG, JAH, JAKK, OMG, PBI, PDLI, PL, Q, SLE, SNPS, SPR, SYMC, SYNA, TGH, TPC, UEPS, VRSN,
- Added Positions: ACI, ALSK, AWH, B, BCO, CAH, EAT, EMR, ESV, ETN, FRX, FST, GD, IWA, KEY, LLY, LXK, MCF, MMM, NAFC, NVE, OMI, PNC, PTP, RGS, RX, STT, STZ, TEG, WFC,
- Reduced Positions: AMED, ARW, CBS, GRMN, HCC, JOYG, KBE, LECO, PFE, R, SPLS, VTR,
- Sold Out: ALV, ASBC, BEZ, BJS, BRS, BTU, CAT, CBE, CINF, CX, DKS, DWA, FCX, FNA, IAG, LM, LNCR, NBL, NPBC, NSM, ORI, PH, PRSP, SAFT, SIGI, SJM, UFCS, URS, WSH, ZION,
This is the sector weightings of his portfolio:
| Industrials | 21.3% |
| Financials | 19.9% |
| Oil & Gas | 13.6% |
| Consumer Goods | 10.3% |
| Health Care | 8% |
| Consumer Services | 7.9% |
| Technology | 7.9% |
| Basic Materials | 5.7% |
| Utilities | 3.2% |
| Telecommunications | 1.6% |
These are the top 5 holdings of David Dreman, four of them are oil stocks.
- Anadarko Petroleum Corp. (APC) - 867,803 shares, 1.41% of the total portfolio
- Devon Energy Corp. (DVN) - 743,124 shares, 1.3% of the total portfolio
- ConocoPhillips (COP) - 998,202 shares, 1.17% of the total portfolio
- Altria Group Inc. (MO) - 2,498,096 shares, 1.16% of the total portfolio
- Apache Corp. (APA) - 464,910 shares, 1.11% of the total portfolio
