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David Dreman is the founder and chairman Dreman Value Management. Dreman currently has $5.5 billion under management. We like Dreman because he shares his opinions about investments with the public. Dreman has published many scholarly articles and has written four books. Dreman Value Management devotes significant resources to researching stocks and sometimes gets its hands on useful information before investing.

Corporate insiders have material non-public information, and they sometimes trade based on such information. Other times they have an edge because they know their companies and industries better than almost all other investors. We believe that by imitating the stock picks of these smartest investors in the world, investors are more likely to beat the market in the long term.

Below is a list of stocks that were purchased by at least one insider during the past six months and were held by Dreman at the end of the second quarter.

Company

Ticker

Value (x1000)

No. of Insiders

ANADARKO

(NYSE:APC)

51826

1

OM GROUP

(NYSE:OMG)

44740

1

WORTHINGTON IND

(NYSE:WOR)

44528

2

BARNES GROUP

(NYSE:B)

44003

1

DEVON ENERGY

(NYSE:DVN)

43875

1

CBL & ASSOCIATES

(NYSE:CBL)

42680

3

BANK OF HAWAII

(NYSE:BOH)

42436

2

ALERE INC

(NYSE:ALR)

41901

3

SUPERIOR ENERGY

(NYSE:SPN)

41705

1

ASSOCIATED BANC-CORP

(NASDAQ:ASBC)

41474

12

ESTERLINE TECH

(NYSE:ESL)

41442

2

TELEFLEX INC

(NYSE:TFX)

41347

1

GENERAL CABLE

(NYSE:BGC)

40598

1

APOLLO INVESTMENT

(NASDAQ:AINV)

40410

1

DST SYSTEMS INC

(NYSE:DST)

40140

2

W&T OFFSHORE INC

(NYSE:WTI)

39818

4

MEDNAX INC

(NYSE:MD)

38611

1

COEUR D'ALENE MINES

(NYSE:CDE)

38347

2

FULTON FINANCIAL

(NASDAQ:FULT)

38079

4

NV ENERGY INC

(NYSE:NVE)

37783

2

BRANDYWINE REALTY

(NYSE:BDN)

37706

2

OMEGA HEALTHCARE

(NYSE:OHI)

37596

1

TESORO CORP

(NYSE:TSO)

37553

2

IDACORP INC

(NYSE:IDA)

37186

1

PFIZER INC

(NYSE:PFE)

37097

1

WASHINGTON FEDERAL

(WFSL)

36788

1

ANWORTH MORTGAGE

(NYSE:ANH)

35193

1

EATON CORP

(NYSE:ETN)

35183

2

TUTOR PERINI CORP

(NYSE:TPC)

35169

1

GEO GROUP INC

(NYSE:GEO)

33370

2

AMERICAN AXLE & MFG

(NYSE:AXL)

33219

3

LIFE TIME FITNESS INC

(NYSE:LTM)

32660

2

CHIQUITA BRANDS INTL

(NYSE:CQB)

32513

3

FIRSTMERIT CORP

(NASDAQ:FMER)

31095

3

CHESAPEAKE ENERGY

(NYSE:CHK)

30985

6

BANCORPSOUTH INC

(NYSE:BXS)

30843

1

WELLS FARGO

(NYSE:WFC)

30576

2

HANOVER INSURANCE

(NYSE:THG)

30004

5

Anadarko Petroleum Corp (APC): Anadarko is an independent oil and natural gas exploration and production company. Dreman had $52 million invested in APC shares at the end of June and increased his position by 1% during the second quarter. One insider purchased the stock over the past six months. APC returned -4.77% since the beginning of this year, outperforming the market by nearly 2 percentage points. John Paulson invested over $1 billion in APC shares (check out Paulson’s top stock picks).

Worthington Industries Inc (WOR): Worthington Industries is a diversified metals processing company. Dreman initiated a brand new $45 million of WOR stocks in the second quarter. Two insiders purchased WOR during the past six months. It has a market cap of $1B, a P/E ratio of 8.82, and lost 24.60% since the beginning of this year. Chuck Royce invested $71 million in WOR shares.

Associated Bank Corp (ASBC): Dreman initiated a brand new $41 million of ASBC shares in the second quarter. ASBC had the biggest number of insider purchases over the past six months: 12 insiders bought ASBC. The stock lost 40.77% since the beginning of this year. ASBC has a market cap of $1.53B and a P/E ratio of 28.08. Ken Griffin also had $29 million invested in ASBC (check out Griffin’s top stock picks).

Coeur d Alene Mines Corp (CDE): Coeur is a primary silver producer with gold production. During the second quarter, Dreman largely increased his position in CDE by 1259% to $38 million. Two insiders purchased the stock during the past six months and it lost 1.82% vs. -6.87% for SPY since the beginning of this year. CDE has a market cap of $2.22B and a P/E ratio of 125.32. Peter J. Eichler Jr. invested $70 million in CDE shares.

NV Energy Inc (NVE): Dreman had $38 million invested in NVE at the end of June and he slightly increased his position by 2% in the second quarter. Two insiders purchased NVE over the past six months. NVE has a market cap of $3.27B, a P/E ratio of 15.98, and returned 4.01% since the beginning of this year.

Tesoro Corp (TSO): Tesoro is an independent petroleum refiners and marketers. TSO is the best performing stock on the list. It gained 13.96% so far this year. Dreman slightly increased his position in TSO by 2% during the second quarter to $38 million. Two insiders purchased TSO over the past six months. TSO has a market cap of $2.80B and a P/E ratio of 7.30. David Tepper also had $35 million invested in TSO stocks.

Idacorp Inc (IDA): Idacorp is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy. Dreman increased his position in IDA by 3% during the second quarter to $37 million. One insider purchased IDA in the past six months. IDA has a market cap of $1.84B, a P/E ratio of 13.23, and gained 4.76% since the beginning of this year. Jean-Marie Eveillard had $191 million invested in IDA shares (check out Eveillard’s top stock picks).

Pfizer Inc (PFE): Pfizer is a research-based, global biopharmaceutical company. Dreman slightly increased his position in PFE by 1% in the second quarter to $37 million. PFE was purchased by one insider over the past six months and returned 4.08% since the beginning of this year. It has a market cap of $135.64B and a P/E ratio of 16.27. David Einhorn and Ken Fisher both had over $400 million invested in PFE (check out Fisher’s top stock picks).

Anworth Mortgage Asset Corp (ANH): Anworth is a real estate investment trust. Dreman increased his position in ANH by 3% in the second quarter to $35 million. ANH was purchased by one insider and gained 3.37% so far this year. It has a market cap of $899.71M and a P/E ratio of 7.78.

Chesapeake Energy Corp (CHK): Chesapeake is a producer of natural gas, oil, and natural gas liquids. CHK is the second-best-performing stock on the list. It gained 11.57% since the beginning of this year. Dreman increased his position in CHK by 1% over the second quarter and held $31 million CHK shares at the end of June. Six insiders purchased CHK during the past six months. CHK has a market cap of $18.09B and a P/E ratio of 24.57. Mason Hawkins invested $2.6B in CHK shares.

Source: David Dreman And Insiders Are Bullish On These Stocks