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Glenn Greenberg is better known as the co-founder of Chieftain Capital, which he founded together with John Shapiro in 1984. But in late 2009 the duo parted ways due to personal conflicts. Mr. Shapiro and partners Tom Stern and Joshua Slocum left to launch a new firm but retained the name Chieftain Capital while Mr. Greenberg remained at the existing firm, renaming it Brave Warrior Advisors. Brave Warrior focuses on value investing for institutions and individuals. Greenberg believes that the more companies you own, the less you will know about each, and the less you know about a business, the more likely you are to make mistakes due to fear and greed. He usually owns fewer than 10 stocks. Greenberg invests in companies that have little competition, and places a great deal of emphasis on Return On Invested Capital.

Below we ranked Greenberg’s stock picks based on their returns since June 30, this year. These are Greenberg’s holdings at the end of June.

Google Inc. (GOOG) is one of the most recognized brands in the world. International sources contributed over half of its revenue. Investors who want to protect themselves from a decline in the dollar like investing in GOOG to gain exposure to the international markets. It returned 17.03% since the beginning of this year. The company reported revenue of $9.3 billion for the third quarter of 2011. Third quarter net income rose from $2.17 billion to $2.73 billion. EPS was $8.33. The company has $42.6 billion in cash on its balance sheet. Google is expected to earn $32.29 in 2011, and $38.49 in 2012. The stock recently traded at $582.06. Its current PE ratio is 19.84. Greenberg had a $146 million position in GOOG at the end of June. Stephen Mandel initiated a brand new $400+ million position in Google during the second quarter. Ken Fisher, D.E. Shaw, and Jim Simons all had about $300 million invested in Google.

MasterCard Inc. (MA), together with its subsidiaries, provides transaction processing and related services to customers principally in support of their credit, deposit access, electronic cash and automated teller machine payment card programs, and travelers’ cheque programs. It returned 15.34% since the beginning of this year. The company has no debt and $3.6 billion in cash on its balance sheet. MA is expected to earn $17.70 in 2011 and $20.88 in 2012. The stock recently traded at $347.24. Its current PE ratio is 21.01. Greenberg had a $124 million position in MA at the end of June. Warren Buffett had $122 million invested in MA shares at the end of June (see Warren Buffett’s top picks).

Arch Capital Group Ltd. (ACGL), together with its subsidiaries, provides insurance and reinsurance products worldwide. It returned 12.69% since the beginning of this year. The company reported revenue of $765 million for the third quarter of 2011. Third quarter net income rose to $162.5 million, compared with $148 million in the same quarter a year earlier. The company has $401.17 million in net cash on its balance sheet. The company is expected to earn $2.04 in 2011, and $2.78 in 2012. The stock recently traded at $35.97. Its current PE ratio is 9.91. Greenberg doubled his position and had $51 million invested in ACGL. Jim Simons initiated a brand new $13 million position in ACGL.

U.S. Bancorp (USB), a financial services holding company, provides various banking and financial services in the United States. It returned 0.83% since the beginning of this year. The company reported net income of $1.27 billion for the third quarter of 2011. The total net revenue was $4.8 billion for the third quarter, which was 4.5% higher than the same quarter of 2010 and 2.2% higher than the second quarter of 2011. Revenue was driven by growth in both net interest income and fee income. The company is expected to earn $2.36 in 2011 and $2.62 in 2012. The stock recently traded at $25.59. Its current PE ratio is 10.92. Greenberg had a $69 million position in USB at the end of June. Warren Buffett had more than $1.7 billion invested in USB at the end of June.

Ryanair Holdings plc (RYAAY), together with its subsidiaries, provides passenger airline services in Ireland, the United Kingdom, continental Europe, and Morocco. It lost 1.94% since the beginning of this year. The company is expected to earn $2.13 in 2011 and $2.52 in 2012. The stock recently traded at $28.77. Its current PE ratio is 14.07. Greenberg had a $70 million position in RYAAY at the end of June. Jim Simons had $59 million invested in RYAAY.

Comcast Corporation (CMCSK), together with its subsidiaries, provides entertainment, information, and communications products and services in the United States, and internationally. It lost 4.13% since the beginning of this year. The company is expected to earn $1.59 in 2011 and $1.91 in 2012. The stock recently traded at $23. Its current PE ratio is 16.6. Greenberg had a $102 million position in CMCSK at the end of June.

Fiserv, Inc. (FISV) and its subsidiaries provide various financial services technology solutions. It lost 6% since the beginning of this year. The company is expected to earn $4.53 in 2011 and $5.09 in 2012. The stock recently traded at $58.87. Its current PE ratio is 18.79. Greenberg had a $160 million position in FISV at the end of June. Steven Cohen increased his position in FISV by 83-fold during the second quarter.

John Wiley & Sons, Inc. (JW.A) publishes and sells print and electronic products worldwide. It lost 8.15% since the beginning of this year. For the third quarter, revenue rose 5% from prior year to $448 million. The company is expected to earn $3.18 in 2011 and $3.49 in 2012. The stock recently traded at $47.56. Its current PE ratio is 15.95. Greenberg had a $25 million position in JW at the end of June. Jim Simons initiated a brand new $2 million position in JW during the second quarter.

Aon Corporation (AON) provides risk management, insurance and reinsurance brokerage, and human resource consulting and outsourcing services in the United States and internationally. It lost 8.59% since the beginning of this year. Aon reported third-quarter revenue jumped 51 percent to $2.72 billion. Its net income was $198 million for the three months ended Sept. 30, which was up from $144 million in the same quarter last year. The company is expected to earn $3.37 in 2011 and $3.79 in 2012. The stock recently traded at $46.62. Its current PE ratio is 16.83. Greenberg had a $117 million position in AON at the end of June. Jim Simons initiated a brand new $25 million position in AON during the second quarter.

Laboratory Corporation of America Holdings (LH) operates as an independent clinical laboratory company in the United States. It lost 13.37% since the beginning of this year. Revenue for the third quarter was $1,404.5 million, an increase of 10.0% over the third quarter of 2010. Net earnings were $134.3 million and earnings per diluted share (EPS) were $1.31 in the third quarter of 2011. The company is expected to earn $6.27 in 2011 and $6.98 in 2012. The stock recently traded at $83.85. Its current PE ratio is 16.33. Greenberg had a $95 million position in LH at the end of June. Ray Dalio had more than $3 million invested in LH at the end of June.

Valeant Pharmaceuticals International, Inc. (VRX), a specialty pharmaceutical company, develops, manufactures, and markets pharmaceutical products in the areas of neurology, dermatology, and branded generics. It lost 23.86% since the beginning of this year. The company is expected to earn $2.63 in 2011 and $3.65 in 2012. The stock recently traded at $39.56. Greenberg had a $183 million position in VRX at the end of June. Jim Simons initiated a brand new $35 million position in VRX during the second quarter.

Source: Glenn Greenberg's Top Stock Picks