Value Investor Arnold Schneider's Top Five Sells in Second Quarter

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Guru Arnold Schneider believes that value investing delivers the best investing success over time.

"Arnie" Schneider is president, chief investment officer and principal of Schneider Capital Management Corp., which he founded in 1996. As of June 30, 2013, the firm has $1.7 billion in assets under management. The portfolio of Schneider Capital Management Corp. currently shows 124 stocks, 16 of them new with a total value of $1.06 billion and a quarter-over-quarter turnover of 13%.

Here are the details of his top five reductions and sells as of the end of second quarter.

ACE Ltd. (ACE: Reduced

Impact to Portfolio: -1.41%

Up 22% over 12 months, insurance company ACE Ltd. has a market cap of $30.76 billion; its shares were traded at around $90.44. The P/E ratio is 9.50.

Historical share pricing:



Guru Action: As of June 30, 2013 Schneider reduced his position by 74%, selling 177,010 shares at an average price of $89.58, for a gain of 1%. Current shares remaining are 62,189.

He has averaged a gain of 36% on 368,384 shares bought at an average price of $66.60 per share. On shares sold, he has averaged a gain of 10% on 306,195 shares sold at an average price of $82.25 per share.

NVR Inc. ( NVR ): Reduced

Impact to Portfolio: -1.38%

Up 7% over 12 months, NVR Inc., a residential construction company, has a market cap of $4.04 billion; its shares were traded at around $872.12. The P/E ratio is 22.20.

Historical share pricing:



Guru Action: As of June 30, 2013 Schneider reduced his position by 59.89%, selling 13,780 shares at an average price of $993.91, for a loss of 12.3%.

Current shares remaining are 9,228.

He has averaged a gain of 34% on 63,226 shares bought at an average price of $652.76 per share. On shares sold, he has averaged a gain of 20% on 160,592 shares sold at an average price of $724.24 per share.

Axis Capital Holdings Ltd. ( AXS ): Sold Out

Impact to Portfolio: -0.97%

Up 29% over 12 months, Axis Capital Holdings Ltd., an insurance company, has a market cap of $4.96 billion; its shares were traded at around $43.42, with a P/E of 8.90. The P/B ratio is 1.10.

Historical share pricing:



Guru Action: As of June 30, 2013 Schneider sold out his position, selling 256,071 shares at an average price of $43.99, for a loss of 1.3%.

His holding history:





Huntington Bancshares Inc. ( HBAN ): Reduced


Impact to Portfolio: -0.92%

Up 32% over 12 months, Huntington Bancshares has a market cap of $7.14 billion; its shares were traded at around $8.59. The P/E ratio is 11.90.

Historical share pricing:



Guru Action: As of June 30, 2013 Schneider reduced his position by 48.66%, selling 1,407,468 shares at an average price of $7.46, for a gain of 15.1%.

Current shares remaining are 1,484,984.

He has averaged a gain of 53% on 5, 7,066,041shares bought at an average price of $5.60 per share. On shares sold, he has averaged a gain of 36% on 5,581,057 shares sold at an average price of $6.33 per share.

Regions Financial Corporation ( RF ): Reduced

Impact to Portfolio: -0.73%

Up 40% over 12 months, Regions Financial Corporation has a market cap of $13.87 billion; its shares were traded at around $9.94. The P/E ratio is 11.30.

Historical share pricing:



Guru Action: As of June 30, 2013 Schneider reduced his position by 29.28%, selling 978,775 shares at an average price of $8.71, for a gain of 14.1%.

Current shares remaining are 2,363,964.

He has averaged a gain of 94% on 12,813,841 shares bought at an average price of $5.13 per share. On shares sold, he has averaged a gain of 48% on 10,449,877 shares sold at an average price of $6.72 per share.

Here is the complete portfolio of Arnold Schneider.



Be sure to read:

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

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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: ACE , AXS , HBAN , NVR , RF

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