is not your typical Buddhist-bent billionaire business man who
once attempted climbing Mount Everest from the Tibetan side. He
is also one of the best stock pickers on planet earth.
, co-founder, CEO, president and chairman of Blum Capital
Partners, had 12-month returns of 40.33% in 2012, placing him in
the "walks on water" category of investors. Blum has reach and
influence untold, with his own hedge fund, a stake in the world's
largest real estate firm CBRE, and a marriage to Sen. Dianne
Feinstein. But Blum's most puzzling gift may be his ability to
remain so low-glamour amid the clamor of hedge fund fans and
followers. Aside from Blum's many layers of complexity as a
capitalist extraordinaire, here's an update on his top three
holdings and how they are performing.
His top three holdings are:
No. 1: CBRE Group Inc. (
), Weighting: 48.5%, Shares Owned: 15,165,741,
Value: $3 billion
In addition to his many affiliations, Guru
is also chairman of the Board and Director at CBRE Group Inc.
where he holds 4.59% of shares outstanding of this global
commercial real estate firm. CBRE Group Inc. (
) is a Fortune 500 and S&P 500 company headquartered in Los
Angeles. The company has 332 offices with 37,050 employees in 42
countries, not counting numerous affiliates and affiliate
Blum's trading CBG history shows a 217% gain on over 13 million
shares bought at an average price of $7.71 per share. His average
gain on over 22 million shares sold is 42% at an average share
price of $17.18.
His holding history:
Up 41% over 12 months, CBRE Group Inc. was incorporated on Feb.
20, 2001. CBRE Group Inc. has a market cap of $8.01 billion; its
shares were traded at around $24.55 with a P/E ratio of 24.80 and
a P/S ratio of 1.20.
The company's worldwide business activity highlights in 2012 are
$189.8 billion in total transactions, with property sales of
$116.9 billion, and 51,900 property leasing transactions. It has
$92 billion in investment assets under management.
CBRE's first quarter 2013 revenue for the quarter totaled $1.5
billion, an increase of 9% from $1.3 billion in the first quarter
of 2012. The company's net income rose 39% to $37.5 million from
$27.0 million for the first quarter of 2012. GAAP earnings per
diluted share improved to $0.11 from $0.08.
CBRE President and CEO, Robert Sulentic, described a "solid
start" for 2013. The company reported that revenue rose across
nearly all business lines globally, with notable strength in
capital markets-based businesses. Global property sales revenue
increased 21%, EMEA increased 44% and Asia Pacific was up 61%.
The company also reported that its Americas property sales
continued to improve steadily, with revenue rising 9% from a year
ago. Commercial mortgage brokerage revenue increased 16%, fueled
by continued strong U.S. investment activity, particularly in the
multi-family sector, the company said.
No. 2: ITT Educational Services Inc. (
), Weighting: 9.3%, Shares Owned: 3,338,337, Value: $57 million
, Blum Capital Partners, also holds 14.30% of ESI shares
Since fourth quarter of 2008, Blum's trading history shows a 79%
loss on 872,099 shares bought at an average price of $83.92 per
share. He also lost 60% on over a million shares sold at an
average share price of $44.41 per share.
His holding history:
Down 71% over 12 months, ITT Educational Services Inc. is a
Delaware corporation, incorporated in 1946. The company has a
market cap of $413.98 million; its shares were traded at around
$18.75 with a P/E ratio of 3.80 and P/S ratio of .34. ITT
Educational Services Inc. had an annual average earnings growth
of 25.8% over the past 10 years. GuruFocus rated ITT Educational
Services Inc. the business predictability rank of 4.5-star.
Tracking ESI's valuations over 10 years:
ESI data by GuruFocus.com
ITT Educational Services Inc. (
) reported first quarter 2013 revenues of $287.7 million, down
15.8% from the same quarter one year ago.
No. 3: SEI Investments Company (
), Weighting: 9.1%, Shares Owned: 2,433,815, Value: $56 million
Richard Blum, Blum Capital Partners, also holds 1.41% of SEIC
Since third quarter of 2008, Blum's trading history shows a 66%
gain on almost 4 million shares bought at an average price of
$17.32 per share. He also gained 37% on 1.3 million shares sold
at an average share price of $15 per share.
His holding history:
Up 52% over 12 months, and reporting a revenue increase of 14% in
the first quarter of 2013, SEI Investments Company has a market
cap of $4.93 billion; its shares were traded at around $28.93
with a P/E ratio of 22.10 and a P/S ratio of 4.92. The dividend
yield of SEI Investments Company stocks is 1.10%. SEI Investments
Company had an annual average earnings growth of 3.5% over the
past 10 years.
The company reported that its first quarter 2013 earnings
increased by 44% over the same quarter in 2012. Diluted earnings
per share for the first quarter of $0.41 represents a 46%
increase from the $0.28 reported for the first quarter of 2012.
As of April 18, Blum Capital Partners held 10 stocks with a total
value of $6.2 billion, and a quarter-over-quarter turnover of 0%.
The Blum Capital portfolio shows a large real estate sector of
Here's the latest summary of Richard Blum's top buys, top sells
and top holdings.
Also check out the Undervalued Stocks, Top Growth Companies and
High Yield stocks of Richard Blum.
Here is the complete portfolio of Richard Blum. Also check out:
1. Richard Blum's Undervalued Stocks
2. Richard Blum's Top Growth Companies
3. Richard Blum's High Yield stocks
4. Stocks that Richard Blum keeps buying
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