'High Five' from Superinvestor James Barrow - Reductions in Second Quarter

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Guru James Barrow 's Vanguard Select Value Fund outperformed the S&P 500 eight out of the last 10 years with a cumulative gain of 104%, while the S&P 500 gained 34.9%. Barrow has averaged returns of 14.97% over 12 months, according to the GuruFocus Score Board of Gurus . The recent portfolio update of Guru James Barrow , executive director of Barrow, Hanley, Mewhinney & Strauss shows 20 new stocks. Barrow lists 171 stocks with a total value of $5.95 billion and a quarter-over-quarter turnover of 9%. The firm currently manages more than $70 billion in assets. His top three sectors are financial services at 23.9%, health care at 16.8% and technology at 14.8%.

Founded in 1979, the mutual fund firm of Barrow, Hanley, Mewhinney & Strauss provides value-oriented investment strategies. Barrow Hanley offers U.S. equity, international and global equity, fixed income and balanced investment management. Guru James Barrow has invested 51 years in his investment career.

Here are the details on the top five reductions made by Guru James Barrow, who manages his firm's Large Cap Value & Mid Cap Value Equity Portfolio. All trades were made as of June 30, 2013.

Baxter International Inc. ( BAX ): Reduced

Impacts Portfolio: -1.93%

Current Shares: 3,550,586

Up 21% over 12 months, Baxter International Inc. has a market cap of $38.38 billion; its shares were traded at around $70.60 with a P/E ratio of 17.80.

Guru Action: As of June 30, 2013, James Barrow reduced his position by 80.33%, selling 14,498,438 shares at an average price of $70.51, for a gain of 0.3%.

He has averaged a gain of 30% on 14,335,961 shares bought at an average price of $54.23 per share. On shares sold, he averaged a gain of 10% on 27,434,496 shares sold at an average price of $64.40 per share.

Track historical share pricing, revenue and net income:





International Business Machines Corp. ( IBM ): Reduced

Impacts Portfolio: -1.28%

Current Shares: 1,115,830

Down 6% over 12 months, IBM has a market cap of $201.37 billion; its shares were traded at around $182.74 with a P/E ratio of 13.20.

Guru Action: As of June 30, 2013, James Barrow reduced his position by 75.27%, selling 3,397,077 shares at an average price of $203.70, for a loss of 9.8%.

He has averaged a gain of 88% on 1,406,021 shares bought at an average price of $97.70 per share. On shares sold, he averaged a gain of 5% on 10,199,824 shares sold at an average price of $175.22 per share.

Track historical share pricing, revenue and net income:



General Electric Co. ( GE ): Reduced

Impacts Portfolio: -0.75%

Current Shares: 33,102,027

Up 11% over 12 months, General Electric Co. has a market cap of $236.26 billion; its shares were traded at around $23.18 with a P/E ratio of 17.20.

Guru Action: As of June 30, 2013, James Barrow reduced his position by 35.71%, selling 18,386,119 shares at an average price of $23.10, for a gain of 0.4%.

He has averaged a gain of 28% on 45,137,113 shares bought at an average price of $18.07 per share. On shares sold, he averaged a gain of 7% on 23,660,686 shares sold at an average price of $21.68 per share.

Track historical share pricing, revenue and net income:



American Express Co. ( AXP ): Reduced

Impacts Portfolio: -0.35%

Current Shares: 21,800,089

Up 26% over 12 months, American Express Co. has a market cap of $78.34 billion; its shares were traded at around $71.91 with a P/E ratio of 17.80.

Guru Action: As of June 30, 2013, James Barrow reduced his position by 11.53%, selling 2,841,094 shares at an average price of $71.14, for a gain of 2.1%.

He has averaged a gain of 106% on 21,340,391 shares bought at an average price of $35.20 per share. He averaged a gain of 34% on 8,211,183 shares sold at an average price of $53.99 per share.

Track historical share pricing, revenue and net income:



Chevron Corp. ( CVX ): Reduced

Impacts Portfolio: -0.28%

Current Shares: 315,841

Up 6% over 12 months, Chevron Corp. has a market cap of $230.51 billion; its shares were traded at around $118.81 with a P/E ratio of 9.70.

Guru Action: As of June 30, 2013, James Barrow reduced his position by 80.64%, selling 1,315,769 shares at an average price of $120.86, for a loss of 1.3%.

He has averaged a gain of 22% on 1,397,202 shares bought at an average price of $97.80 per share. He averaged a gain of 28% on 3,019,892 shares sold at an average price of $93.33 per share.

Track historical share pricing, revenue and net income:





Here is the complete portfolio of James Barrow.



Be sure to read:

1. James Barrow's Undervalued Stocks
2. James Barrow's Top Growth Companies
3. James Barrow's High Yield stocks
4. Stocks that James Barrow keeps buying

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: AXP , BAX , CVX , GE , IBM

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