ThePanelist.com - Neubert Top Fifteen Positions for End of September 2007

Neubert Top Fifteen Positions for End of September 2007

Written by David Neubert

Sunday, 30 September 2007

Photo:actualmatthew, Creative Commons, Flickr
This is the ongoing list of my top holdings. Due to popular demand, the list has been expanded.

Top Fifteen Listed/Tradable Holdings as of June month end (prices as of August 6, 2007):

1. Ishares Inflation Protected Treasuries ETF (TIP - $102.03)
2. Chevron Corp (CVX - $93.58)
3. Berkshire Hathaway (BRK/A - $118,510)
4. Conoco Philips (COP - $87.77)
5. B P Prudhoe Bay Oil RoyaltyTrust (BPT - $75.11)
6. Usiminas S.A. Brazil ADR (USNZY - $70.70)
7. Citigroup (C- $46.67)
8. Freeport Mcmoran Copper & Gold (FCX - $104.89)
9. Vanguard Pacific ETF (VPL - $72.84)
10. 3M (MMM - $87.18)
11. Anglo America PLC UK ADR (AAUKD - $33,45)
12. Chubb Corp (CB - $53.64) - new addition.
13. Bank Of America (BAC - $50.27)
14. General Electric (GE - $41.40)
15. Pfizer Inc (PFE - $23.82)

Off the top ten list since end of July:

Intel (INTC - $24.04) (part of options cocktail mention and part outright position) sold unhedged position

Amgen Inc (AMGN - $56.57) - sold 1/4 of position.

See May 2007 List.
See June 2007 List.
See July 2007 List.
You Can't see the August List because I was too busy to make one.

Disclosure: I do not disclose positions in previous employers or securities that do not trade on a listed exchange in my top holdings.

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Comments (2)

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written by matt , October 02, 2007

I've actually been a silent reader for a while on your blog, but while looking at the Top 15 post it struck me that, despite all your good intentions, half of your top 15 are pretty insidiously anti-environment (inasmuch as their company industry may not even afford the ability to be self sustaining).

How do reconcile it in the end? Is it just another case of the almighty dollar being the be all end all? Or do I misinterpret your green leanings as something more? Is it more an interest in smart, profitable investing than "sustainable" capitalism?

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written by David Neubert , October 02, 2007

Dear Matt,

My point is to make money first without violating my own morals. Right now I do not invest in companies that specialize in products made to kill people: weapons and cigarettes.

I will invest in oil and other companies that make needed products but may not behave in the best way. I use my shareholdings to influence the way they behave. I vote my proxies. I use my voice as a shareholder to support those who lobby companies to change their behavior.

Since you don't give any examples, I'll assume one: Oil companies do not do enough to invest in alternative energy. They do not treat the earth well. However, they would do both of these things if they thought it was in the best interest of their shareholders. Well, I am one to tell them that doing both these things is in my best interest. By refusing to own these shares, I would have no voice to change those who behave badly.

You position of screening out and ignoring companies you don't like is a morally just one and a commend you for it, if that works for you. For me, I want to have more voice and be a little more annoying to the managements that work for me, the shareholder.

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