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Bruce Berkowitz’s Latest Stock Buys And His Full Portfolio Holdings

Bruce Berkowitz’s Fund Portfolio Strategies originally published at long-term-investments.blogspot.com. Bruce Berkowitz is also a well known guru investor. He is a hedge fund manager who cares about $7.69 billion in his asset management vehicle Fairholme Capital Management.

Within the recent quarter, Bruce made nine asset transactions of which six pay dividends. Four of the stock moves are attributable to the long side and five are on the short side.


In total, Bruce owns now only 13 share positions of which two were completely new (Lincoln National and Hartford Financial). In addition, he sold-out three stocks within the recent quarter. 


Financial stocks dominate his asset strategy. Around 68 percent of his total assets have a relationship to the financial sector.

The biggest position is his portfolio is reasonable to the insurer, AIG who represents around 50 percent of his full portfolio.

Nothing changed much in sum. Bruce made no big changes within the recent quarter. The highest trade impact on the long side had the 4.53 percent position increase of Sears Holdings.


Here are the latest dividend stock buys from Bruce Berkowitz:
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Hartford Financial (NYSE:HIG) has a market capitalization of $14.39 billion. The company employs 22,500 people, generates revenue of $26.412 billion and has a net income of $-33.00 million. Hartford Financial’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $3.983 billion. The EBITDA margin is 15.08 percent (the operating margin is -2.00 percent and the net profit margin -0.12 percent).

Financial Analysis: The total debt represents 2.44 percent of Hartford Financial’s assets and the total debt in relation to the equity amounts to 32.46 percent. Due to the financial situation, a return on equity of -0.35 percent was realized by Hartford Financial. Twelve trailing months earnings per share reached a value of $-0.81. Last fiscal year, Hartford Financial paid $0.40 in the form of dividends to shareholders. The HIG stake is completly new and had an impact to his portfolio of 0.02 percent.

Market Valuation: Here are the price ratios of the company: The P/E ratio is not calculable, the P/S ratio is 0.54 and the P/B ratio is finally 0.63. The dividend yield amounts to 1.90 percent and the beta ratio has a value of 3.07.

Long-Term Stock Price Chart Of Hartford Financial (HIG)
Long-Term Dividend Payment History of Hartford Financial (HIG)
Long-Term Dividend Yield History of Hartford Financial (HIG)

Lincoln National (NYSE:LNC) has a market capitalization of $11.75 billion. The company employs 8,700 people, generates revenue of $11.532 billion and has a net income of $1.286 billion. Lincoln National’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $1.865 billion. The EBITDA margin is 16.17 percent (the operating margin is 13.60 percent and the net profit margin 11.15 percent).

Financial Analysis: The total debt represents 2.58 percent of Lincoln National’s assets and the total debt in relation to the equity amounts to 37.66 percent. Due to the financial situation, a return on equity of 9.16 percent was realized by Lincoln National. Twelve trailing months earnings per share reached a value of $4.59. Last fiscal year, Lincoln National paid $0.36 in the form of dividends to shareholders. The LNC stake is completly new and had an impact to his portfolio of 0.02 percent.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 9.68, the P/S ratio is 1.02 and the P/B ratio is finally 0.81. The dividend yield amounts to 1.08 percent and the beta ratio has a value of 2.75.

Long-Term Stock Price Chart Of Lincoln National (LNC)
Long-Term Dividend Payment History of Lincoln National (LNC)
Long-Term Dividend Yield History of Lincoln National (LNC)

American International (NYSE:AIG) has a market capitalization of $73.37 billion. The company employs 63,000 people, generates revenue of $65.656 billion and has a net income of $7.752 billion. American International’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $31.903 billion. The EBITDA margin is 48.59 percent (the operating margin is 14.20 percent and the net profit margin 11.81 percent).

Financial Analysis: The total debt represents 8.84 percent of American International’s assets and the total debt in relation to the equity amounts to 49.49 percent. Due to the financial situation, a return on equity of 7.51 percent was realized by American International. Twelve trailing months earnings per share reached a value of $4.45. Last fiscal year, American International paid $0.00 in the form of dividends to shareholders. The AIG stake was increased by 0.29 percent and had an impact to his portfolio of 0.14 percent.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 11.18, the P/S ratio is 1.12 and the P/B ratio is finally 0.75. The dividend yield amounts to 0.80 percent and the beta ratio has a value of 3.08.

Long-Term Stock Price Chart Of American International (AIG)
Long-Term Dividend Payment History of American International (AIG)
Long-Term Dividend Yield History of American International (AIG)

Take a closer look at the full list of Bruce Berkowitz latest stock buys and sells as well as his full portfolio overview as of Q2. The average P/E ratio amounts to 13.19 and forward P/E ratio is 10.85. The dividend yield has a value of 0.71 percent. Price to book ratio is 1.20 and price to sales ratio 2.34. The operating margin amounts to 24.34 percent and the beta ratio is 2.22. Stocks from the list have an average debt to equity ratio of 0.83.

These are the latest stock transactions from Bruce Berkowitz:

Ticker
Company
Action
Impact 
Comment
SHLD
Sears Holdings Corpo...
Add
0.49%
Add 4.53%
AIG
American Internation...
Add
0.14%
Add 0.29%
LNC
Lincoln National Cor...
Buy
0.02%
New holding, 45600 sh.
HIG
Hartford Financial S...
Buy
0.02%
New holding, 53300 sh.
MBI
MBIA Inc
Sold Out
-4.10%
Sold Out
CHK
Chesapeake Energy Co...
Reduce
-3.29%
Reduce -93.99%
BRK.B
Berkshire Hathaway I...
Reduce
-1.05%
Reduce -52.54%
CNQ
Canadian Natural Res...
Sold Out
-0.45%
Sold Out
AGO
Assured Guaranty Ltd
Sold Out
-0.01%
Sold Out
MBI
MBIA Inc
Reduce
-5.07%
Reduce -92.84%

Here is the full table with some fundamentals (TTM):

Q2 Fund Holdings From Bruce Berkowitz (Click to enlarge)

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Here is the full portfolio of Bruce Berkowitz:

Ticker
Company
Value ($1000)
% Weighting as of
2013-06-30 
AIG
American International Group Inc
3,850,850.0
50.10%
BAC
Bank of America Corporation
1,298,200.0
16.90%
SHLD
Sears Holdings Corporation
858,136.0
11.20%
JOE
St. Joe Corporation
526,627.0
6.80%
LUK
Leucadia National Corporation
489,396.0
6.40%
AIG.WS
442,851.0
5.80%
BRK.B
Berkshire Hathaway Inc
81,313.0
1.10%
BAC.WS.A
54,078.0
0.70%
WFC.WS
18,409.0
0.24%
CHK
Chesapeake Energy Corp
16,381.0
0.21%
HIG.WS
12,130.0
0.16%
GNW
Genworth Financial Inc
12,268.0
0.16%
JPM.WS
11,751.0
0.15%
WFC
Wells Fargo & Co
6,248.0
0.08%
LNC.WS
5,547.0
0.07%
C
Citigroup Inc
2,752.0
0.04%
LNC
Lincoln National Corp (Radnor, PA)
1,663.0
0.02%
HIG
Hartford Financial Services Group Inc
1,648.0
0.02%
BRK.A
Berkshire Hathaway Inc
1,012.0
0.01%


For more guru trades, please check out the guru stock pick screener on gurufocus.com

Related Stock Ticker Symbols:
WFC, HIG, CHK, LNC, LUK, AIG, BAC, C, SHLD, BRK-A, BRK-B, GNW, JOE

Selected Articles:

*I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I receive no compensation to write about any specific stock, sector or theme.


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