Bill Miller, we are watching

SAN FRANCISCO (MarketWatch) -- Bill Miller, the veteran Legg Mason mutual-fund manager whose remarkable 15-year streak of market-beating performance ended in 2006, says that battered brokerage, housing and consumer stocks are poised to become big winners. And he says he's trimming many of his fund's largest holdings in order to buy more of them.

This recommendation has created a bit of a commotion in certain circles because I and many others believe that there is much more downside to brokerage and housing stocks. Since Legg Mason already has very substantial positions in many of these stocks my question is whether he is really going to expand his position, or whether he wants to unload some of it. Rather than make idle accusations, we should let the facts speak for themselves. This story will take months to unwind, but this is what I have gathered from Yahoo finance so far. I've supplemented the Yahoo data with additional research when Legg Mason did not make the top 10 list of institutional holders. I will look forward to updating this chart when newer information is available.

Ticker	Shares	% ownership	Report Date
CFC	51,587,956	8.96	30-Jun-07
KBH	4,337,015	4.22	30-Jun-07
LEN	2,304,000	1.44	30-Jun-07
TOL	3,587,786	2.29	30-Jun-07
RYK	7,218,698	17.21	30-Jun-07
PHM	30,925,258	12.08	30-Jun-07
DHI	nothing	found	30-Jun-07
BZH	6,708,672	17.16	30-Jun-07
HOV	nothing	found	30-Jun-07
CTX	17,136,660	14.18	30-Jun-07