Billion-Dollar Manager David Dreman’s Biggest Holdings

Page 1 of 2

David Dreman has been the head of Dreman Value Management since 1977, opening the doors to his own investment firm after working as director of research and senior investment officer for a number of years previously. He is also a noted writer, contributing to Forbes Magazine and various behavioral finance publications. He currently manages $4bn in assets, down from $22bn in 2007, where he was faced with loss of value and redemptions in the following years. We were able to take a look at his latest 13F filings to see how his current investors are fairing with his largest positions.

David Dreman

Dreman’s largest holding is in Foster Wheeler, Ltd. (NASDAQ:FWLT), an international engineering, construction, and project management contractor and power equipment supplier. FWLT had a rocky year in 2012, starting the year with a price near $23, only to fall to lows near $16 during the summer, eventually recovering to slightly above where it started the year. As such, the stock only returned 6.6% on the year, and quarterly revenue growth was poor versus a year prior. In spite of that, the company is trading at a promising price relative to future earnings, and growth is expected in 2013, as Wall Street analysts have weighed in to give a potential one year price target near $30. We would wait for a more solid performer to hit our radars before diving in (see which fund manager has over $200mm invested in FWLT).

Coeur d’Alene Mines Corporation (NYSE:CDE) is Dreman’s second-largest holding, occupying just over 1% of his total assets under management (as such, one can infer that Dreman prefers diversification versus loading into positions). The precious metals miner has assets located globally, primarily in the U.S., South and Central America, and Australia. CDE was inline with the poor performance of commodities last year, chalking up a loss on the year; they also missed Q3 2012 earnings estimates by 43%. A number of hedge fund managers shaved their holdings in their last 13F filings, and you can see the degree to which they unwound their trades here.

The fund’s next holding is in the bank holding company Associated Banc-Corp (NASDAQ:ASBC). They primarily serve individual and corporate customers and contribute to Dreman’s heavy financial holdings. The company recently reported earnings on January 17th, meeting consensus estimates, but they have had to suffer through two downgrades this month alone, from buy to hold. ASBC does provide investors with a relatively attractive dividend yield of 2.3%, and with positive growth in earnings and revenues, an investor could certainly do worse (see which billionaire hedge fund manager has over $25mm devoted to ASBC).

What else tops Dreman’s list?

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!