Here's an update on the second quarter 2013 sells and reductions
. His portfolio currently lists 12 stocks and a total value of $967
million with a quarter-over-quarter turnover of 0%. Ross made no
new buys in the second quarter. Assured Guaranty Ltd. (
) is still the top holding of
who holds 7.64% of shares outstanding after this trade:
Assured Guaranty Ltd. (
Up 52% over 12 months, Assured Guaranty Ltd. has a market cap of
$3.9 billion; its shares were traded at around $21.37 with a P/E
ratio of 8.90. The dividend yield of Assured Guaranty Ltd. stocks
Assured Guaranty Ltd. reported second quarter 2013 operating income
at $98 million, or $0.52 per share, compared with second quarter
2012 operating income of $114 million, or $0.61 per share. Six
months 2013 operating income was $358 million, or $1.87 per share,
compared with six months 2012 operating income of $185 million, or
$0.99 per share. AGO's second quarter 2013 net income was $219
million, or $1.16 per share, compared with second quarter 2012 net
income of $377 million, or $2.01 per share. Six months 2013 net
income was $75 million, or $0.39 per share, compared with six
months 2012 net loss of $106 million, or $0.58 per share, according
to a company press release.
As of June 30, 2013, Ross reduced his position by 25.17%, selling
4,992,882 shares at an average price of $21.79, taking a loss of
He has averaged a gain of 13% on 18,320,870 shares bought at an
average price of $18.93 per share. On shares sold, he averaged a
loss of 2% on 4,992,882 shares sold at an average price of $21.79
His current shares stand at 14,842,488.
His trading history:
ZipRealty Inc. (
Founded in 1999, ZipRealty Inc. is up 104% over 12 months. The
company has a market cap of $85 million; its shares were traded at
around $4.06 with a P/B ratio of 6.70.
ZIPR reported second quarter 2013 revenue growth of 7%
year-over-year, with revenue of $21.7 million and adjusted EBITDA
of $1.1 million, exceeding prior expectations. The company saw a
37% year-over-year jump in new registered users as well as an 8%
hike in same-market users.
As of June 30, 2013, Ross reduced his position by 44.88%, selling
10,000 shares at an average price of $3.18 for a gain of 27.7%.
He has averaged a gain of 9% on 32,282 shares bought at an average
price of $3.73 per share. On shares sold, he averaged a gain of 57%
on 20,000 shares sold at an average price of $2.58 per share.
His current shares stand at 12,282.
His trading history:
Infinera Corporation (
): Sold Out
Up 72% over 12 months, Infinera Corporation has a market cap of
$1.23 billion; its shares were traded at around $10.38 with a P/B
ratio of 3.00.
Infinera Corporation reported financial results for the second
quarter ended June 29, 2013, with GAAP revenues for the second
quarter of 2013 at $138.4 million compared to $124.6 million in the
first quarter of 2013 and $93.5 million in the second quarter of
2012. The company had a GAAP gross margin for the second quarter of
2013 of 37% compared to 34% in the first quarter of 2013 and 35% in
the second quarter of 2012. GAAP net loss for the quarter was
$(10.0) million, or $(0.09) per share, compared to net loss of
$(15.3) million, or $(0.13) per share, in the first quarter of 2013
and net loss of $(29.5) million, or $(0.27) per share, in the
second quarter of 2012.
As of June 30, 2013, Ross sold out his holding, unloading 46,275
shares at an average price of $8.92 for a gain of 16.4%.
His trading history:
Guru Wilbur Ross led the worldwide bankruptcy advisory practice at
Rothschild Inc., beginning in 1976. He has restructured more than
$200 billion in liabilities worldwide. Ross established his own
company in 2000 with $440 million in investor commitments.
Currently, Invesco's portfolio is weighted in the financial
services sector with 70.7%, followed by energy holdings at 24.9%.
Last month Invesco Private Capital listed over $7 billion in assets
under management with investments from all over the world.
Here is the complete portfolio of Wilbur Ross.
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