Items Tagged With FCX

Neubert Top 15 Positions for February Month End 2008
Written By: David Neubert
2008-02-29 08:05:30

Photo:Buttersweet, Creative Commons, Flickr
Top Fifteen Listed/Tradeable Holdings as of February 2008 month end. Prices as of February 29, 2008.

I've done a lot of trading this November. I haven't been disclosing all of my trades but hopefully some of the changes in my top holdings will give you an idea.

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Neubert Top 15 Positions for March Month End 2008
Written By: David Neubert
2008-04-06 18:34:06
This month's top 15 is full of financials and oil. I like to bottom fish, and this month it finally worked. My exposure to big bad oil is starting worry my wallet and my heart.

1. Lehman Brothers (LEH - $44.05): Now that more than three years have passed since I left Lehman Brothers I feel it is appropriate to disclose my position in the investment bank. I have to admit that this has not been a great quarter to own any investment bank, but I have a lot of confidence in Lehman management and think that they understand the risks inherent in liquidity that funding an investment bank requires. In other words, they are no Bear Stearns.

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Neubert Top Fifteen Positions for End of September 2007
Written By: David Neubert
2007-09-30 21:49:42
Top 15

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.

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Neubert's Top 15 Positions for November 2007
Written By: David Neubert
2007-12-05 11:55:19
Top Fifteen Listed/Tradeable Holdings as of November 2007 month end. Prices as of December 5, 2007.

I've done a lot of trading this November. I haven't been disclosing all of my trades but hopefully some of the changes in my top holdings will give you an idea.

1. Berkshire Hathaway (BRK/A - $147,500) (up from #3) - Wish I owned more. This just keeps going up huge. The stock is benefiting from the earnings momentum in Property and Casualty insurance plus it's considered a safe place to hide given Warren Buffett's disklike of complex derivatives.

2. Chevron Corp (CVX - $89.04) (same at #2). Even with oil down the stock is still cheap. And since I don't like Exxon (XOM) for many reasons, Chevron and Conoco (COP) make up my oil exposure.

3. Ishares Inflation Protected Treasuries ETF (TIP - $105.35) (down from #1) - I've sold some TIP at 106.75. Plus some of the calls I wrote against the position have been excercised against me. While I still think TIPS should make up an important part of any portoflio right now, I'm waiting for a pullback after my sales to pick up some more.

4. Conoco Philips (COP - $81.36 ) (same at #4) See my comments on CVX. They have been getting some positive press because of their refineries that are projected to have better margins with oil prices falling in the last month.

5. B P Prudhoe Bay Oil RoyaltyTrust (BPT - $74.03) (same at #5) This is an embarrassment of riches. I wouldn't buy this now but I have so much in capital gains this year that I can't sell till 2008. As the royalty owner of the oil under the ground in Alaska, BPT is my least socially conscious investment.

6. Citigroup (C- $33.69) (up from #7): The stock falls, I buy more. Abu Dabi buys more. People who average down are buying more. I've had my fill. Stock will rally on a CEO being chosen. My favorite choice for CEO is my old boss at Morgan Stanley (MS), Vikram Pandit.

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Sold My Gold Futures Position
Written By: David Neubert
2007-02-22 16:08:42

I sold my April Gold futures position today. I still hold many gold mining companies.

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