lol Fidelity got a bigger stake than me....
Fidelity Shows Penchant For Energy Stocks In 1Q
Dow Jones Newswires 7:33 am May 18, 2006
By Frank Byrt
Of DOW JONES NEWSWIRES
(This article was originally published Wednesday)
BOSTON (Dow Jones)--Fidelity Investments took major new positions in UAL Corp. (UAUA), parent of United Airlines, media company Viacom Inc. (VIA VIAB), and a host of energy-related and natural resources companies in the first quarter, according to regulatory filings.
The investments are listed as holdings of FMR Corp., parent of Fidelity Investments, in Securities and Exchange Commission filings and so include transactions across all its funds and investment vehicles lumped together, as of March 31.
During the first quarter, Fidelity bought 11.7 million shares of UAL, worth about $396.4 million at quarter's end, or about 13% of its shares.
It held 9.9 million shares of Viacom New, or Class B shares, worth about $377.4 million, as of March 31, after selling a prior stake in it, according to a compilation by Alpha Equity Research, of North Hampton, N.H.
In the natural resources and energy sector, Fidelity bought 5.9 million shares of Mirant Corp. (MIR), a producer and seller of electricity, worth about $154 million at quarter end; 7.8 million shares of natural gas exploration and production company Gastar Exploration Ltd. (GST), worth $73 million; 5.4 million shares of Exco Resources Inc. (XCO), an oil and natural gas company, for about $65 million; and 3.4 million shares of Coeur D'Alene Mines Corp. (CDE) one of the world's largest producers of silver, worth about $17.8 million.
Other big new stakes include: 2.8 million shares of Rackable Systems Inc. (RACK), a maker of servers and storage products for large-scale data centers, worth $107 million; 5 million shares of international temporary employment agency Adecco S.A.(ADO) for $84.5 million; and 6.76 million shares of software optimization device maker Wind River Systems Inc. (WIND), at $73 million.
Also, 4 million shares of health-care manager Healthspring Inc. (HS) worth $67.1 million; 3.3 million shares of Morgans Hotel Group Co. (MHGC), a New York luxury hotels owner, worth $52.4 million; and 4.75 million shares of Graftech International Ltd. (GTI), a maker of synthetic graphite- and carbon-based products, for $30.5 million, according to regulatory filings.
-By Frank Byrt, Dow Jones Newswires; 617-654-6742; frank.byrt@dowjones.com
(END) Dow Jones Newswires
05-18-06 0733ET
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