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David Dreman’s Top Stock Holdings

Breakout

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).

Moves:

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.

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