Barron's Bill Miller Of Legg Mason Stock Holdings Portfolio - Stockpickr! Your Source for Stock Ideas

Barron's Bill Miller Of Legg Mason Stock Holdings

15538 views

TheStreet.com Rating: D+

Rate Now:

average rating: 0.00 / 0 ratings

printer friendly

send to a friend

Created by barrons2

DESCRIPTION:

Date updated:12-22-2007

IT'S WELL-KNOWN THAT LEGG Mason Value Trust, the mutual fund run by Bill Miller for 25 years, recently has underperformed. The fund (ticker: LMVTX) is down 6.25% this year, trailing the Standard & Poor's 500 by 11 percentage points and lagging behind 97% of its Morningstar peers.

What isn't widely known is that Miller also runs Legg Mason Opportunity Trust (LMOPX), which employs a go-anywhere strategy and focuses more on medium-size companies than its larger counterpart does. Launched in 1999, it also has a sprinkling of private-equity, venture capital and hedge-fund holdings, which make up about 10% of its assets. But despite the bells and whistles, this fund isn't beating the S&P either.

The Opportunity fund, whose assets total about $7.7 billion (compared with Value Trust's $17.3 billion), is down 2.27% this year, trailing the benchmark by 7.12 percentage points.

CTX
Ctx
$0.00
N/A
$N/A

Yet, Miller has been adding to the housing stocks, including Centex (CTX), Lennar (LEN), Pulte Homes (PHM) and a few financials.

People owning CTX also tend to own: CFC GFI CSG LSTR MOT TRF WU

TheStreet.com Rating: No Rating What is this?

LEN
Lennar Cp Cl A
$14.47
-0.48%
$14.57

Yet, Miller has been adding to the housing stocks, including Centex (CTX), Lennar (LEN), Pulte Homes (PHM) and a few financials.

People owning LEN also tend to own: DEBS DLX EXPO HRB KCP LIZ MDC

TheStreet.com Rating: D+ What is this?

PHM
Pulte Homes
$9.69
-0.92%
$9.78

Yet, Miller has been adding to the housing stocks, including Centex (CTX), Lennar (LEN), Pulte Homes (PHM) and a few financials.

People owning PHM also tend to own: AET BZH CGI FBP HOV KBH LUK

TheStreet.com Rating: D What is this?

AMZN
Amazon.com
$132.97
+1.87%
$131.15

Amazon.com (AMZN), whose shares have more than doubled this year, is the largest holding in both. And both have concentrated portfolios; the Opportunity fund's top 10 holdings account for 45% of its assets.

People owning AMZN also tend to own: AAPL AMT ATHR BEAS CTSH EMC GOOG

TheStreet.com Rating: B What is this?

X
United States Ste
$39.49
+1.15%
$39.16

These losers have more than offset the winners, which include United States Steel (X), and Expedia (EXPE).

People owning X also tend to own: ATI NUE OS RS LEN RYL ADP

TheStreet.com Rating: D+ What is this?

EXPE
Expedia
$23.68
+0.47%
$23.67

These losers have more than offset the winners, which include United States Steel (X), and Expedia (EXPE).

People owning EXPE also tend to own: AMT ANF AVID CNO COH COST ESI

TheStreet.com Rating: D What is this?

LVLT
Level 3 Communica
$1.21
-3.20%
$1.22

No doubt the concentrated approach, which can bring about big gains, has hurt this year. Laggard holdings include Level 3 Communications (LVLT) and Sprint Nextel (S).

People owning LVLT also tend to own: AMT AT CCI CCOI DCEL GLBC GOOG

TheStreet.com Rating: D What is this?

S
Sprint Nxtel Cp
$3.10
+1.64%
$3.08

No doubt the concentrated approach, which can bring about big gains, has hurt this year. Laggard holdings include Level 3 Communications (LVLT) and Sprint Nextel (S).

People owning S also tend to own: ESV HTE NOV RHA TRA TWI CSCO

TheStreet.com Rating: D What is this?

Comments not available

Jim Cramer's Portfolios of the Week

By Roberto Pedone According to Jim Cramer, investors shouldn’t read too much into Thursday’s market action. He reminded investors that the market has gone up for six...

11.13.09 | 12:48 PM

'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 12, 2009 According to CNBC’s “Fast Money” traders, stocks continued to move higher this week, maintaining their strength off the ...

11.12.09 | 11:44 AM

Squeezing the Shorts: Large-Cap ...

By Jonas Elmerraji Posted on Nov. 11, 2009 Recently we put our short-squeeze focus on smaller stocks; this week we’re going large-cap. With higher trading volumes, mo...

11.11.09 | 15:19 PM

Dividend Stocks for the Week

By Jonas Elmerraji Posted on Nov. 10, 2009 After six straight days of gains, the markets are taking a breather today, which gives us the chance to focus our attention b...

11.10.09 | 15:04 PM

The Presidential/Political Thread

01.02.08 | 08:05 AM From author Dave Cox

General market Technical Analysi...

11.14.07 | 22:55 PM From author ZA

Stockpickr Jukebox

08.20.09 | 01:57 AM From author Bobby K

Video Charts

10.29.09 | 21:39 PM From author srea

more forums