David Dreman's Dreman Value Management had a portfolio with 357 positions valued at close to $5 billion as of Dec. 31, 2011. Describing itself as a team of "contrarian value investors," Dreman Value Management invests in a range of stocks from Big Lots (BIG) to Goldman Sachs (GS).
Many of Dreman's holdings are in energy, but investment dollars have been shifted between those holdings. In 4Q, Dreman sold off 15% of his position in oil and natural gas company W&T Offshore (WTI), 10% of his stake in Devon Energy Group (DVN) and 8% of his position in Anadarko (APC), but added to his holdings in Superior Energy Services (SPN) and his second-largest holding, refiner Tesero (TSO).
Dreman also pared down 11% of his stake in General Cable Corporation (BGC)-- still one of his 10 largest investments -- but upped his stake in cable solutions company Arris (ARRS) Group by 246%, making it his 13th-largest holding.
Here are Dreman's top stock holdings as of Dec. 31, 2010:
• W&T Offshore (WTI)
• Tesero Corp. (TSO)
• Anadarko Petroleum (APC)
• General Cable Corp. (BGC)
• Anixter International (AXE)
• Devon Energy Group (DVN)
• Jabil Circuit (JBL)
• Hospitality Properties Trust (HPT)
• Raymond James (RJF)
• Superior Energy Services (SPN)
See the full SEC filing for David Dreman's portfolio.
- Superior Energy Services