Super Investor Portfolio Updates Feed

Mason Hawkins - Longleaf Partners    - updated 17 May 2012
David Carr, Larry Coats - RS Capital Appreciation Fund    - updated 16 May 2012
Harry Burn - Sound Shore    - updated 16 May 2012
Mohnish Pabrai - Pabrai Investments    - updated 16 May 2012
Bill Ackman - Pershing Square Capital Management    - updated 15 May 2012
Michael Larson - Bill & Melinda Gates Foundation Trust    - updated 15 May 2012
Chuck Akre - Akre Capital Management    - updated 15 May 2012
Stephen Mandel - Lone Pine Capital    - updated 15 May 2012
David Einhorn - Greenlight Capital    - updated 15 May 2012
Warren Buffett - Berkshire Hathaway    - updated 15 May 2012
Eddie Lampert - RBS Partners    - updated 15 May 2012
David Winters - Wintergreen Advisers    - updated 15 May 2012
Ian Cumming - Leucadia National    - updated 15 May 2012
Whitney R. Tilson - T2 Partners Management    - updated 15 May 2012
Glenn Greenberg - Brave Warrior Capital    - updated 15 May 2012
Prem Watsa - Fairfax Financial Holdings    - updated 15 May 2012
David Tepper - Appaloosa Management    - updated 14 May 2012
Thomas S. Gayner - Markel Asset Management    - updated 14 May 2012
Michael F Price - MFP Investors    - updated 11 May 2012
Seth Klarman - Baupost Group    - updated 11 May 2012
Wallace R. Weitz - Weitz Value    - updated 11 May 2012
Thomas Russo - Gardner Russo & Gardner    - updated 10 May 2012
Robert E. Torray - Torray    - updated 03 May 2012
Bill Nasgovitz - Heartland Select Value    - updated 03 May 2012
Arnold Van Den Berg - Century Management Advisers    - updated 27 Apr 2012
Bruce Berkowitz - Fairholme    - updated 25 Apr 2012
David A. Katz - Matrix Advisors Value    - updated 20 Apr 2012
Tweedy Browne Team - Tweedy Browne Value    - updated 20 Apr 2012
Donald Yacktman - Yacktman Focused    - updated 17 Apr 2012
Richard Pzena - Hancock Classic Value    - updated 16 Apr 2012
John A. Gunn - Dodge & Cox    - updated 16 Apr 2012
Robert Hagstrom - Legg Mason Growth Trust    - updated 16 Apr 2012
Sam Peters - Legg Mason Value Trust    - updated 16 Apr 2012
Steven Romick - FPA Crescent Fund    - updated 12 Apr 2012
Robert L. Rodriguez - FPA Capital    - updated 12 Apr 2012
Mark Hillman - Hillman Focused    - updated 11 Apr 2012
William B. Frels - Mairs & Power Growth    - updated 10 Apr 2012
Robert Zagunis, Robert Millen - Jensen    - updated 05 Apr 2012
Charles K. Bobrinskoy - Ariel Focus    - updated 05 Apr 2012
John W. Rogers - Ariel Appreciation    - updated 05 Apr 2012
William Von Mueffling - Cantillon Capital Management    - updated 04 Apr 2012
Jean-Marie Eveillard - First Eagle U.S. Value    - updated 27 Mar 2012
Ronald H. Muhlenkamp - Muhlenkamp    - updated 09 Mar 2012
Christopher Davis, Kenneth Feinberg - Clipper    - updated 09 Mar 2012
Robert A. Olstein - Olstein Value    - updated 08 Mar 2012
Richard F. Aster - Meridian Value    - updated 02 Mar 2012
Richard T. Cunniff - Sequoia    - updated 28 Feb 2012
William V. Fries, Connor Browne - Thornburg Value    - updated 24 Feb 2012
Bill Nygren, Henry Berghoef - Oakmark Select    - updated 03 Feb 2012

Currently tracking portfolios of 49 Super Investors.

Latest significant* insider buys

Date Filed Stock Total Value $ Price $
Today LVLT - LEVEL 3 COMMUNICATIONS INC 23,429,900 23.43
Today LVLT - LEVEL 3 COMMUNICATIONS INC 12,715,305 22.42
17 May WPC - W P CAREY & CO LLC 432,900 43.29
17 May OC - Owens Corning 28,940 28.94
17 May RSG - REPUBLIC SERVICES Inc 5,348,811 25.55
17 May AN - AUTONATION Inc 2,240,261 34.82
17 May Y - ALLEGHANY CORP 50,235 334.90
17 May Y - ALLEGHANY CORP 397,736 331.45
17 May HES - HESS CORP 916,760 45.84
16 May VRX - Valeant Pharmaceuticals International Inc 15,039,100 50.98
16 May HTH - Hilltop Holdings Inc 116,754 10.61
16 May CFX - Colfax CORP 223,112 29.75
16 May AN - AUTONATION Inc 4,487,629 34.91
16 May MKL - MARKEL CORP 88,800 444.00
16 May FOSL - FOSSIL INC 145,712 72.86
16 May ROSE - Rosetta Resources Inc 103,250 41.30
16 May GLT - GLATFELTER P H CO 21,735 14.49
16 May LVLT - LEVEL 3 COMMUNICATIONS INC 7,191,330 23.97
16 May LVLT - LEVEL 3 COMMUNICATIONS INC 7,897,557 23.93
16 May THRX - THERAVANCE INC 212,887,000 21.29
15 May WFT - Weatherford International Ltd./Switzerland 62,500 12.50
15 May HHC - Howard Hughes Corp 117,444 60.98
15 May CLF - CLIFFS NATURAL RESOURCES Inc 71,972 55.79
15 May HTCH - HUTCHINSON TECHNOLOGY INC 22,800 2.28
15 May PRMW - Primo Water Corp 23,635 1.45
15 May IDA - IDACORP INC 31,093 38.87
15 May BAC - BANK OF AMERICA CORP 88,320 7.36
15 May AN - AUTONATION Inc 934,794 34.98
15 May ROSE - Rosetta Resources Inc 83,460 41.73
15 May ROSE - Rosetta Resources Inc 165,040 41.26
15 May HCCI - Heritage-Crystal Clean Inc 6,619,922 20.50
15 May MXWL - MAXWELL TECHNOLOGIES INC 40,350 8.07
15 May IBM - INTERNATIONAL BUSINESS MACHINES CORP 221,268 199.70
14 May LPLA - LPL Investment Holdings Inc 64,000 32.00
14 May VRX - Valeant Pharmaceuticals International Inc 255,143 51.03
14 May CHD - CHURCH & DWIGHT CO INC 105,972 52.99
14 May VRX - Valeant Pharmaceuticals International Inc 265,506 53.10
14 May FARM - FARMER BROTHERS CO 103,958 6.93
14 May AN - AUTONATION Inc 2,473,627 34.99
14 May FOSL - FOSSIL INC 54,371 77.67
14 May MCF - CONTANGO OIL & GAS CO 27,000 54.00
11 May AN - AUTONATION Inc 6,851,466 34.52
11 May BKH - BLACK HILLS CORP 244,425 32.59
11 May CLMT - Calumet Specialty Products Partners L.P. 36,180 24.12
11 May CLF - CLIFFS NATURAL RESOURCES Inc 85,772 57.18
11 May CLMT - Calumet Specialty Products Partners L.P. 170,373 24.34
10 May PWER - POWER ONE INC 36,800 3.68
10 May MCF - CONTANGO OIL & GAS CO 97,956 54.42
10 May AIG - AMERICAN INTERNATIONAL GROUP INC 98,994 31.68
10 May VRX - Valeant Pharmaceuticals International Inc 21,369,000 51.00

* Real time Open market common equity purchases of minimum $20,000 by company insiders, applicable to current value holdings

Articles Feed

16 May 2012 A much-vaunted new material may change telecommunications
GRAPHENE, a form of carbon that comes in sheets a single atom thick, has gained a reputation as a wonder material. It is the best conductor yet discovered of heat at room temperature and is 40 times stronger than steel...
14 May 2012 The optimism bias

Are we born to be optimistic, rather than realistic? Tali Sharot shares new research that suggests our brains are wired to look on the bright side -- and how that can be both dangerous and beneficial.


13 May 2012 JP Morgan's Loss: The Explainer
All I know is that everyone's really mad about this JP Morgan mess. What on earth happened?
12 May 2012 The future of customer support
Some of the biggest brands in software, consumer electronics and telecoms have now found a workforce offering expert advice at a fraction of the price of even the cheapest developing nation, who also speak the same language as their customers, and not just in the purely linguistic sense. Because it is their customers themselves.
12 May 2012 Recoverable Oil in Colorado, Utah, Wyoming 'About Equal to Entire World’s Proven Oil Reserves'
The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday.
09 May 2012 Understood properly, the Death Star is not worth it
I wish to address the most important policy question of the millennium: Should we build a Death Star? This debate picked up this year after some Lehigh University students estimated that just the steel for a Death Star would cost $852 quadrillion, or 13,000 times the current GDP of the Earth.
09 May 2012 Should Robots Replace Regulators?
Politicians and regulators are bickering again over who should oversee the nation's 28,000 investment advisers, who manage some $50 trillion...
08 May 2012 This Unfolding LNG Story Could Have a Very Happy Ending
With decades of supplies in hand, a number of domestic producers are seeking permission to sell natural gas overseas, in many cases in the form of liquid natural gas (LNG).
08 May 2012 The Outlook for Energy: A View to 2040
ExxonMobil’s long-term view of the world’s energy future.

Global energy demand will be about 30 percent higher in 2040 compared to 2010.

Energy demand growth will slow as economies mature, efficiency gains accelerate and population growth moderates.

In the countries belonging to the Organization for Economic Cooperation and Development (OECD) we see energy use remaining essentially flat. Non OECD energy demand will grow by close to 60 percent.

By 2040, electricity generation will account for more than 40 percent of global energy consumption.

Oil will remain the most widely used fuel, but natural gas will grow fast enough to overtake coal for the number-two position.

For both oil and natural gas, an increasing share of global supply will come from unconventional sources, such as those from shale formations. Demand for natural gas will rise by more than 60 percent through 2040.

Demand for coal will peak and begin a gradual decline.

Gains in efficiency through energy-saving practices and technologies will temper demand growth and curb emissions.

Global energy-related carbon dioxide (CO2) emissions will grow slowly, then level off around 2030.
06 May 2012 Renting Prosperity
Americans are getting used to the idea of renting the good life, from cars to couture to homes. Daniel Gross explores our shift from a nation of owners to an economy permanently on the move—and how it will lead to the next boom.

Archive...

"What is of relevance is the aggregate intrinsic value of your portfolio, not its day to day market pricing"

Super Investor Stats

Top 10 most owned stocks

MSFT - Microsoft Corp.
JNJ - Johnson & Johnson
BRK.B - Berkshire Hathaway CL B
WFC - Wells Fargo
WMT - Wal-Mart Stores
GOOG - Google Inc.
DELL - Dell Inc.
CSCO - Cisco Systems
C - Citigroup Inc.
AAPL - Apple Inc.
>> more

Top 10 stocks by %

BRK.B - Berkshire Hathaway CL B
MSFT - Microsoft Corp.
JEF - Jefferies Group Inc.
WFC - Wells Fargo
C - Citigroup Inc.
GOOG - Google Inc.
AAPL - Apple Inc.
SHLD - Sears Holdings Corp.
JNJ - Johnson & Johnson
DELL - Dell Inc.
>> more
Top 10 buys last qtr  ( Q1 2012 ) i
Based on 41 out of 49 SuperInvestor filings so far
ORCL - Oracle Corp.
GOOG - Google Inc.
BAC - Bank of America Corp.
HPQ - Hewlett-Packard
GLW - Corning Inc.
AAPL - Apple Inc.
BRK.B - Berkshire Hathaway CL B
C - Citigroup Inc.
CL - Colgate-Palmolive
MRVL - Marvell Technology Group Ltd.
>> more

Top 10 buys last qtr by %

C - Citigroup Inc.
BAC - Bank of America Corp.
AAPL - Apple Inc.
MO - Altria Group Inc.
GS - Goldman Sachs Group
RIMM - Research In Motion Ltd.
ORCL - Oracle Corp.
GOOG - Google Inc.
ONE - Higher One Holdings Inc.
BRK.B - Berkshire Hathaway CL B
>> more

Top 10 buys last 6 months

ORCL - Oracle Corp.
GOOG - Google Inc.
HPQ - Hewlett-Packard
AAPL - Apple Inc.
GLW - Corning Inc.
BRK.B - Berkshire Hathaway CL B
V - Visa Inc.
C - Citigroup Inc.
BAC - Bank of America Corp.
MET - MetLife Inc.
>> more

Top 10 buys last 6 months by %

C - Citigroup Inc.
AAPL - Apple Inc.
BAC - Bank of America Corp.
BRK.B - Berkshire Hathaway CL B
ORCL - Oracle Corp.
CP - Canadian Pacific Railway
GS - Goldman Sachs Group
GOOG - Google Inc.
BEAM - Beam Inc.
TEX - Terex Corp.
>> more
>> history

Value stocks with most insider buys in the last 3 months

Stock Count Total Amount $
SYBT - S Y BANCORP INC 25 60,025
TEX - TEREX CORP 21 49,084
AN - AUTONATION Inc 13 66,016,768
FURX - Furiex Pharmaceuticals Inc 9 3,112,029
LFVN - Lifevantage Corp 9 240,328
CLMS - Calamos Asset Management Inc 9 35,560
CVI - CVR ENERGY INC 7 0
CTO - CONSOLIDATED TOMOKA LAND CO 7 81,897
Y - ALLEGHANY CORP 7 929,494
VRX - Valeant Pharmaceuticals International Inc 7 38,418,930
MXWL - MAXWELL TECHNOLOGIES INC 6 397,500
KO - COCA COLA CO 6 21,362,744
GKSR - G&K SERVICES INC 6 56,017
UBSH - UNION FIRST MARKET BANKSHARES CORP 6 59,765
MMC - MARSH & MCLENNAN COMPANIES Inc 5 501,158
GNW - GENWORTH FINANCIAL INC 5 238,402
HTCH - HUTCHINSON TECHNOLOGY INC 5 147,700
TR - TOOTSIE ROLL INDUSTRIES INC 5 50,365
GCI - GANNETT CO INC 5 841,084
MVC - MVC CAPITAL Inc 5 275,408
AIG - AMERICAN INTERNATIONAL GROUP INC 5 1,087,679
ACNB - ACNB CORP 4 13,843
FSC - Fifth Street Finance Corp 4 336,544
ISCA - INTERNATIONAL SPEEDWAY CORP 4 44,211
WFT - Weatherford International Ltd./Switzerland 4 271,280
PRMW - Primo Water Corp 4 58,090
FOSL - FOSSIL INC 4 764,696
PLNR - PLANAR SYSTEMS INC 4 107,721
CHRS - CHARMING SHOPPES INC 4 3,945,560
BAC - BANK OF AMERICA CORP 4 248,370
PVA - PENN VIRGINIA CORP 4 54,238
RSG - REPUBLIC SERVICES Inc 4 106,800,136
LVLT - LEVEL 3 COMMUNICATIONS INC 4 51,234,092
SEE - SEALED AIR CORP 3 307,150
WPC - W P CAREY & CO LLC 3 543,837

* Current Value holdings with highest number of open market insider buys in the last 3 months.
Note: This is the 3 month period going back from and including today - not the last financial quarter.

Shareholder Reports & Commentaries Feed

17 May 2012 Buffett rides to Media General's rescue ( Portfolio )
Warren Buffett is famous for exacting a high price while serving as a lender of last resort for companies needing immediate access to cash, and this morning’s financing deal with Media General has many of the hallmarks of a classic Buffett arrangement.

"The blessing of the Oracle of Omaha: Priceless."
17 May 2012 Ackman — Give J.C. Penney’s New CEO a Chance ( Portfolio )
Activist investor Bill Ackman, a major J.C. Penney shareholder who helped place Apple alum Ron Johnson at the company’s helm, took advantage of his stage time at Wednesday’s Ira Sohn conference to talk up J.C. Penney.
17 May 2012 Buffett's Berkshire to buy Media General papers ( Portfolio )
Warren Buffett's Berkshire Hathaway to buy 63 newspapers from Media General for $142M.
16 May 2012 Martin Marietta Falls Most Since 2008 After Einhorn Criticism ( Portfolio )
“Recent earnings benefited from one time fiscal stimulus that is about to wind down,” Einhorn said at a conference in New York.
16 May 2012 Oakmark Funds' opinion on the upcoming Facebook IPO ( Portfolio )
Over the past few weeks, you haven’t been able to read a business magazine or watch financial news on TV without being exposed to commentary about the upcoming Facebook IPO. Facebook has obviously been an amazing success story and is clearly newsworthy as the largest IPO ever. This week, investors are being asked to decide whether or not Facebook is a worthy investment at a market cap of $100 billion. The debate over whether or not to invest at that price reached an absurd level this week when Apple founder Steve Wozniak said that he would buy Facebook on the IPO regardless of its price.

At Oakmark, that is a statement, applied to any investment, which makes no sense to us. No matter how attractive a business is, there is always a price above which it becomes an unattractive investment. Is the Facebook IPO above that price? I will answer that with the one comment I have yet to hear the experts say – we have no idea. That’s the beauty of this business – we can admit that, most of the time, most companies sell at prices that make us lack conviction about their investment merits, and we don’t need to invest where we don’t have conviction. As Warren Buffett has said, investing is like being the batter in a baseball game where there are no called strikes. You can simply wait for the pitches you believe you have the best chance of hitting.

Facebook doesn’t make much money today for a company with a $100 billion market cap. But what the company earns five years from now is likely to be wildly different from what it earns today. Perhaps future earnings will make this week’s IPO look like a bargain; perhaps it will make the buyers look foolish. Other than our general bias that IPOs, on average, don’t perform as well as the stock market, we don’t have an opinion, so we aren’t swinging.

Unlike Facebook, our most important positions tend not to be front-page news. How often have you recently seen analysts debating the merits of owning Capital One, Comcast, Discovery Communications, Liberty Interactive or TE Connectivity (the five largest holdings in Oakmark Select)? Probably never. Also unlike Facebook, these companies sell at modest multiples of current earnings, have business models that appear reasonably predictable, and are allocating excess capital to share repurchases. As value investors, we are used to investing in companies when there is relatively little media interest in them, and we have learned the rewards that come from following a disciplined investment approach.

We wish the owners and new investors in Facebook well. But we at Oakmark are watching with our bat on our shoulder.

Archive...