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Last week contrarian investor David Dreman said the following about the stock market: “Growth won’t slow down that much. We can have a market that still continues to be positive through the year. This year will continue to be a happy year.” The stock market is up 1.5% since then.

David Dreman is the founder and chairman Dreman Value Management. Dreman currently has $5.5 billion under management. He was hit hard during the 2008 crisis and his AUM took a big hit. He was managing $22 billion in 2007.

At the end of December, Dreman’s 13F portfolio had $4.9 billion in holdings. Five of his top six holdings were energy companies. Thanks to his shrewd stock picks, Dreman has outperformed the market so far in 2011. Here is how his top stock picks performed since the end of December:

Company

Ticker

Return

Value (Millions)

ANADARKO PETROLEUM CORP

APC

6.2%

52

DEL MONTE FOODS CO

DLM

1.5%

47

W & T OFFSHORE INC

WTI

14.0%

46

DEVON ENERGY CORP NEW

DVN

18.8%

44

TESORO CORP

TSO

37.5%

44

SUPERIOR ENERGY SERVICES

SPN

10.1%

44

HOSPITALITY PROPERTIES

HPT

0.4%

43

JABIL CIRCUIT INC

JBL

-5.4%

43

APACHE CORP

APA

5.7%

42

JONES GROUP INC

JNY

-19.4%

42

ESTERLINE TECHNOLOGIES

ESL

3.4%

41

NEW GOLD INC

NGD

11.0%

41

MICROSEMI CORP

MSCC

-13.2%

41

ALERE INC

ALR

1.1%

41

ANIXTER INTERNATIONAL INC

AXE

14.4%

40

O M GROUP INC

OMG

-8.9%

40

MEDICAL PROPERTIES TRUST

MPW

5.7%

40

RAYMOND JAMES FINANCIAL

RJF

13.3%

40

GENERAL CABLE CORP DEL

BGC

19.1%

39

MEDNAX INC

MD

-5.0%

39

CHARLES RIVER LABS INTL INC

CRL

9.9%

39

C B L & ASSOCIATES PPTYS INC

CBL

-1.3%

39

THOMPSON CREEK METALS CO

TC

-15.4%

39

AMEDISYS INC

AMED

3.2%

39

ALLIANT TECHSYSTEMS INC

ATK

-6.0%

39

COMMONWEALTH REIT

CWH

1.8%

39

BRINKER INTERNATIONAL INC

EAT

15.8%

39

ATWOOD OCEANICS INC

ATW

19.6%

38

APOLLO INVESTMENT CORP

AINV

6.4%

38

ALLIED WORLD ASSUR CO

AWH

4.3%

38

PROTECTIVE LIFE CORP

PL

-1.3%

38

ARRIS GROUP INC

ARRS

8.0%

38

GRAFTECH INTERNATIONAL LTD

GTI

1.3%

38

BRINKS CO

BCO

19.3%

38

CONTANGO OIL AND GAS

MCF

2.4%

38

CACI INTERNATIONAL INC

CACI

11.5%

38

TELEFLEX INC

TFX

7.2%

38

BANK OF HAWAII CORP

BOH

-1.6%

37

HEALTHSPRING INC

HS-OLD

43.6%

37

TUTOR PERINI CORP

TPC

10.4%

37

Dreman’s top holdings returned 6.4% since the end of December, beating the SPY by 3.1 percentage points. His top energy picks included APC, WTI, DVN, TSO, SPN and APA. Legendary oilman T. Boone Pickens also has DVN in his portfolio. His best performing top position is Healthspring. George Soros, Steve Cohen and Jim Simons are among hedge funds with HS positions.

Source: Contrarian David Dreman Bullish About the Market