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.

-
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.

-
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.

-
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.

-
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).

-
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).

-
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).

-
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).
- Top Professional Portfolios
- 1. Navellier & Associ...
- 2. Fidelity Contrafund - ...
- 3. Argus Management
- 4. Charlie Munger
- 5. Calamos Advisors
- show all
- Top Do-It-Yourself Portfolios
- » John Shier
- » Joy
- » tsamanuli Portfolio 1
- » Albo's First Portfolio
- » Fundsonly Portfolio 1
- show all
- Most Viewed Portfolios
- » Warren Buffett
- » George Soros
- » T. Boone Pickens - BP Cap...
- » Carl Icahn
- » Renaissance Technologies
- show all
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...
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 ...
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...
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...
A. They are high in quality,thanks.
A. The only one I own : SLX,
too hard pick a winner out all of them
These are some of the stocks mentioned on TheStreet.com TV on Sept. 2. Click the URL below each stock to watch the videos. more
Here are some stocks that moved up on unusual volume on Nov. 13, 2009. more
Analyst Upgrades for Nov. 13, 2009. Read more here. more











Comments not available