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Richard Blum is the founder of Blum Capital Partners, which reported $2 billion total assets in its last 13F filing. Blum received his B.S. degree in Business Administration and an M.B.A. degree from the University of California at Berkeley. Prior to forming Blum Capital Partners in 1975, Blum was employed at Sutro & Co. for 17 years from 1958 to 1975.

Blum Capital Partners has investments in both public and private companies. Blum Capital Partners invests in small and mid-cap companies. A summary table of Blum’s recent activities is below:

Security

Ticker

Value (x$1000)

Activity

Return

Since Mar 31,2011

CB Richard Ellis

CBG

740,352

0.0%

-12.1%

Career Education Corp

CECO

362,398

0.0%

-0.3%

ITT Educational Serv

ESI

299,101

0.0%

22.6%

Avid Technology Inc

AVID

192,845

0.0%

-14.9%

SEI Investments Company

SEIC

86,463

0.0%

-6.7%

SBA Communicaitons

SBAC

85,888

-1.0%

-0.7%

Collective Brands Inc

PSS

78,416

0.0%

-33.5%

Moneygram International

MGI

58,980

0.0%

3.2%

Eresearchtechnology Inc

ERT

37,502

0.0%

-2.1%

JDA Software Group Inc

JDAS

36,312

0.0%

4.5%

Electronics For Imaging

EFII

22,077

0.0%

17.9%

PRGX Global Inc

PRGX

20,887

-3.0%

17.6%

Tyler Technologies Inc

TYL

13,047

-35.0%

12.1%

Value Weighted Return

-3.5%

SPY

-0.4%

Blum's 13F portfolio has lost 3.5% since the end of first quarter 2011, vs. a 0.4% loss for the SPY.

C B Richard Ellis Group (NYSE:CBG) was Blum's biggest investment at the end of March 2011. CBG has lost 12% since then, underperforming the SPY’s 0.4% loss. Blum has $740 million invested in CBG. Blum’s stake in the company is 8.8%. The stock has a market cap of $7.5 billion and P/E ratio of 31.5. John W. Rogers’ Ariel Investments and John Paulson’s Paulson & Co are other high profile hedge fund managers with CBG positions at the end of March. (See John Rogers’ top holdings here)

Career Education Corp (NASDAQ:CECO) was Blum's second biggest investment at the end of March 2011. CECO has lost 0.3% since then. Blum has $362 million invested in CECO. The stock has a market cap of $1.82 billion and P/E ratio of 10.6. In November and early December insiders were buying CECO shares at around $18. The stock closed at $23.48 on Monday.

ITT Education (NYSE:ESI) has gained 22.6% since March, outperforming the SPY by a large margin. Blum had nearly $299 million invested at the end of March. ESI recently traded at $91.88. The stock has a market cap of $2.58 billion and P/E ratio of 7.89.

Avid Technology (OTCPK:AVID) has lost 14.9% since March, underperforming the SPY by 14.5 percentage points. Blum had nearly $193 million invested at the end of March. AVID recently traded at $20 and has a market cap of $768 million.

Blum is a value investor and invests with a more than two years holding period. Several prominent hedge funds are going through a soft patch during the first half of this year (See 10 worst performing star hedge fund managers). We believe Blum’s recent poor performance is temporary, and investors can benefit by focusing on his top stock picks.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Richard Blum's Favorite Stock Holdings