Add another big-name financial to the portfolio of top fund manager Bruce Berkowitz: Morgan Stanley. Berkowitz has built up a stake of close to 2% in Morgan Stanley, whose shares he started buying last quarter, he tells Dow Jones Newswires. The shares, which represent somewhere between 4% and 5% of his Fairholme Fund’s portfolio, are [...]
Read more
Tag Archives: Bruce Berkowitz
Berkowitz Loaded Up on Financials
July 14, 2010
0 Comments
After disclosing that his Fairholme fund opened or increased its stakes in two much-maligned insurers — AIG and MBIA — Bruce Berkowitz now has well over half of his portfolio in financial or insurance companies. According to Alex Garcia of GuruFocus.com, Berkowitz, who was recently named one of Morningstar’s fund managers of the decade, now [...]
Read moreBerkowitz Still Sees Value in Financials
June 28, 2010
0 Comments
Bruce Berkowitz, whose Fairholme fund has returned close to 13% per year over the past decade while the S&P 500 has been in the red, says he’s still finding a good deal of value in one of the market’s unloved areas — financial stocks. “Investors have lost much of their wealth from financial institutions over [...]
Read moreBerkowitz, Grantham, Other Gurus Offer Top Picks
June 3, 2010
0 Comments
Fortune magazine is running a special issue this month on how to “Retire Rich”, and one particularly interesting piece involves 25 stock picks from 25 investors with strong track records, including Bruce Berkowitz, Jeremy Grantham, and David Herro. Here’s a sampling of some of these gurus’ top picks: Chuck Akre: Akre, who now runs his [...]
Read moreBerkowitz, Paulson Upped Stakes in Several Financials in Q1
May 19, 2010
0 Comments
While Warren Buffett trimmed some of his financial stock holdings in the first quarter, two other top strategists — hedge fund guru John Paulson and Morningstar fund manager of the decade Bruce Berkowitz — added to several of their bank share stakes. According to MarketWatch, Paulson upped his Bank of America holdings by almost 17 [...]
Read moreBerkowitz Targets Financials
March 29, 2010
0 Comments
In an interview with Barron’s, top fund manager Bruce Berkowitz says that he’s high on some of the firms most beaten down by the financial crisis — including Citigroup and AIG — and that we’re reaching a point where finding “really great investments” is going to become more difficult. “There were some obvious and wonderful [...]
Read moreBerkowitz High on Citi, AIG
March 16, 2010
0 Comments
Top fund manager Bruce Berkowitz is once again showing his go-against-the-crowd streak, recently snatching up shares of two of the financial crisis’ biggest whipping boys, Citigroup and AIG. In an interview with Fortune, Berkowitz says that Citigroup’s balance sheet is slowly improving, its capital ratios are higher than they’ve been in years, and its shares [...]
Read moreUsing Free Cash Flow Yield, Lynch- and Berkowitz-Style
February 25, 2010
0 Comments
In his latest Forbes.com article, Validea CEO John Reese takes a look at stocks that might interest two of history’s top investors, Peter Lynch and Bruce Berkowitz. Reese notes that Berkowitz — Morningstar’s domestic fund manager of the decade — focuses his analysis on “free cash flow yield”. Free cash flow is essentially the cash [...]
Read moreBerkowitz on Ignoring the Crowd
January 15, 2010
0 Comments
Bruce Berkowitz, whose Fairholme fund has produced exceptional long-term returns, says the reason it has fared so well is a willingness to go against the crowd. Berkowitz also tells Bloomberg that he focuses on the amount of cash companies are producing, an approach that led him to shy away from financial stocks during the sector’s [...]
Read moreBerkowitz: We’re in “Spring” of Recovery
January 7, 2010
0 Comments
The Fairholme Fund’s Bruce Berkowitz, who was recently named Morningstar’s domestic fund manager of the year, says that we are still in the early stages of the economic recovery. “I’m optimistic about the economy — we are in the spring of a recovery,” Berkowitz tells CNBC. “There may still be frost here and there, but [...]
Read more
