JPMorgan's 'Intrepid' Stock Plays

Here are some of the stocks held by the JPMorgan Intrepid Value Fund.
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Updated from 7:03 a.m. EDT

JPMorgan

(JPM) - Get Report

has been lauded by many market pundits for its move to take over

Bear Stearns

(BSC)

, and JPMorgan stock is considered one of very few financial stocks worth investing in the current economic environment by some of those same talking heads.

What about other JPMorgan investments? Stockpickr tracks one of the firm's investment vehicles, the

JPMorgan Intrepid Value Fund

.

The Intrepid fund has a Morningstar rating of five stars and is managed by Silvio Tarca. It invests in large- and mid-cap stocks with a goal of long-term capital appreciation.

One of the stocks that the fund owns is one of the major integrated oil and gas companies,

Exxon Mobil

(XOM) - Get Report

. The company, which just reached an agreement with Papua New Guinea for a proposed liquefied natural gas project, expects to get a reduced tax rate on gas revenue. The stock has a price-to-earnings ratio of 12, a P/E-to-growth ratio of 1.6 and a yield of 1.7%.

Exxon Mobil stock is also owned by

T. Boone Pickens

, the noted oilman who was the highest paid hedge fund manager in 2005, earning $1.4 billion after his fund returned about 300% that year. Pickens also likes shares of

Anadarko Petroleum

(APC) - Get Report

, which has a P/E of 8,

Titanium Metals

(TIE)

, which has a P/E of 11, and

Weatherford International

(WFT) - Get Report

, which has a P/E of 24.

Another stock in the JPMorgan fund portfolio is

Bank of America

(BAC) - Get Report

.

DiversityInc

magazine recently added Bank of America to its list of the nation's top 50 companies for diversity, with a No. 3 ranking. The stock has a P/E of 12, a PEG of 1.3 and a yield of 6.3%.

Bank of America is also in the portfolio of the

Blackrock Equity Dividend Fund

, which also has a Morningstar rating of five stars and is managed by Robert Shearer. Blackrock also owns shares of

Exelon

(EXC) - Get Report

, which has a P/E of 21,

General Electric

(GE) - Get Report

, with a P/E of 17.5, and

Total SA

(TOT) - Get Report

, with a P/E of 8.

Morgan Stanley

(MS) - Get Report

is another stock owned by the JPMorgan Intrepid Value Fund. The stock has a P/E of 26, a PEG of 0.6 and a yield of 2.2%.

Morgan Stanley stock is also owned by the

Traxis Partners Hedge Fund

managed by Barton Biggs, who had worked at Morgan Stanley for 30 years. Traxis also holds shares of

Continental Airlines

(CAL) - Get Report

, which has a P/E of 5,

Abbott Labs

(ABT) - Get Report

, which has a P/E of 23, and

The Bank of New York Mellon

(BK) - Get Report

, with a P/E of 19.

For more stocks held by the fund, check out the

JPMorgan Intrepid Value Fund

portfolio at Stockpickr.com.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of

Stockpickr

LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the

Financial Times

and the author of

Trade Like a Hedge Fund

,

Trade Like Warren Buffett

and

SuperCa$h

. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;

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to send him an email.

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