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Legends

Walter Schloss

Walter J. Schloss Associates / Walter & Edwin Schloss Associates, 1955–2002 · Profile

Historical: a partial record. These are holdings named in letters, filings or reports of the time, not a full portfolio.

Walter Schloss learned from Benjamin Graham and then ran his own partnership for nearly half a century from a small office, buying stocks that looked cheap against their assets and holding a hundred or more at once. Buffett used him as the first example in 'The Superinvestors of Graham-and-Doddsville'.

Known holdings

Each line names its source. Where a size is given it’s as reported at the time.

Known holdings of Walter J. Schloss Associates / Walter & Edwin Schloss Associates
DetailSource
Hudson Pulp & PaperBefore 1984Buffett: Schloss's 'largest holdings have been such stalwarts as Hudson Pulp & Paper and Jeddo Highland Coal and New York Trap Rock Company'.Buffett, Superinvestors of Graham-and-Doddsville, 1984
Jeddo Highland CoalBefore 1984Named by Buffett among Schloss's largest holdings.Buffett, Superinvestors of Graham-and-Doddsville, 1984
New York Trap Rock CompanyBefore 1984Named by Buffett among Schloss's largest holdings.Buffett, Superinvestors of Graham-and-Doddsville, 1984
Boston & Providence Railroad (guaranteed stock)Early 1960s – 1970sBought from $96 a share and kept buying up to $240; the partners owned over 1,800 shares. Paid out after Penn Central property sales.Morningstar India, citing Schloss's talk 'Making Money Out of Junk'
Knogo North America Inc.Dec 1994 – Mar 1997743,000 shares (13.2%) at the 29 Dec 1994 event, then 572,000 shares (9.97%) at 10 Jun 1996. The position was converted into Sentry Technology in the Feb 1997 merger, and the 13D was terminated on 17 Mar 1997.SEC Schedule 13D (confirming copy filed 30 Jul 1996), 13D/A filed 30 Jul 1996 (0000950123-96-003904) and 13D/A No.2 filed 17 Mar 1997 (0001005477-97-000804)
Sentry Technology Corp.Mar 1997 – 2001+581,700 shares (6.0%) per the 13D filed 17 Mar 1997, and 4,025,270 shares (~6.5%) at the 29 Jan 2001 event (13D/A filed 20 Feb 2001).SEC Schedule 13D, 17 Mar 1997; 13D/A 0000912057-01-006245, 20 Feb 2001
Scan-Optics, Inc.Feb 1997 – Dec 200313D filings by the partnership: 791,600 shares (12.1%) in the 13D/A filed 19 Feb 1997; 652,000 (9.3%) on 19 Aug 1997; 525,000 (7.5%) on 22 Sep 1997; 427,000 (6.1%) on 24 Oct 1997; 405,600 (5.8%) on 15 Dec 1997. Fully sold on 1 and 4 Dec 2003 (13D/A No.8, 15 Dec 2003).SEC Schedule 13D/A filings, accessions 0000950123-97-001525, 0000912057-97-028525, 0000912057-97-031259, 0001047469-97-001544, 0001047469-97-007768, 0000950117-03-005252
Niagara Corp. (formerly Palm Beach Gas Corp.)Oct 2000 – Nov 2001484,400 shares (5.54%) at the 24 Oct 2000 event (13D filed 14 Dec 2000). All 500,000 shares were sold on 16 Nov 2001 at $2.50 (13D/A filed 5 Dec 2001).SEC Schedule 13D, 14 Dec 2000; 13D/A 0000912057-01-541994, 5 Dec 2001
Asarco Inc.1999Bought near $13 a share in 1999. Grupo México acquired Asarco in Nov 1999 for almost $30 a share.Bloomberg obituary via InvestmentNews, 27 Feb 2012
Superior Industries InternationalSUPDate not stated (discussed in a 2008 Forbes interview)Bought at about 80% of book value with a 3% yield and no debt.Morningstar India, citing a 2008 Forbes interview. After 2003 this may have been a personal holding rather than the partnership's.