Bill Miller - Legg Mason Value Trust Q4-2011 Fund Investing Strategies By Dividend Yield – Stock Capital, Investment. Here is a current portfolio update of Bill Miller’s - Legg Mason Value Trust - portfolio movements as of Q4/2011 (December 31, 2011). In total, he has 46 stocks with a total portfolio worth of USD 2,521,007,000.
The Fund's manager uses a value-investment discipline to determine when a company’s stock price represents a large discount to his assessment of the company’s intrinsic value (the value of all the qualitative and quantitative aspects of the company's business). To determine intrinsic value, the manager focuses on a company's cash earnings, discounting projected future cash flows to see what they are worth today. The manager takes a long-term approach, generally holding securities for long periods to realize the growth potential, resulting in relatively low portfolio turnover.
Bill Miller’s fund positions as of Q4/2011 with actual share movements:
Related Stock Ticker:
AAPL, GE, PFE, MET, EBAY, BLK, PM, COP, MSFT, PNC, TWX, WFC, NLY, AFL, JPM, PEP, GOOG, CVS, PG, TEVA, ABT, CSCO, BP, TXN, JNJ, C, CVX, EMC, LOW, MDT, QCOM, UAL, AMZN, F, NSC, CELG, AET, IBM, UNH, TGT, UTX, YUM, INTC, PH, GRPN, FITB