Melvin L. Watt Net Worth & Financial Disclosure

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Annual financial disclosure for 2008, filed December 18, 2008. Includes 59 assets.

Year:

2013 2012 2011 2010 2009 2008

Est. Net Worth

$1.1M

2008 annual disclosure

Total Assets

$507K - $1.7M

59 assets

Total Liabilities

0 liabilities

Total Trades

116

From PTR filings

Trade Volume

$844K

Midpoint of disclosed ranges

Net Worth Over Time

Show data table

Period	Est. net worth
2008	$1.1M
2008	$1.1M
2009	$992K
2010	$1M
2010	$1.2M
2011	$1.2M
2012	$1.1M
2012	$544K
2012	$733K
2013	$340K
2013	$405K

Assets by Category

Mutual Funds$253K (14)

Retirement & Pension$240K (7)

Stocks$194K (27)

Real Estate$150K (2)

LLC / Partnership$108K (2)

Other$65K (3)

Bank & Cash$41K (3)

Gov. Securities$33K (1)

Top Stock Holdings (from trades)

Wells Fargo (renamed from Wachovia Corp)WFC

$33K

American Tower CorpAMT

$32K

Caterpillar, Inc.CAT

$24K

Microchip Technology, Inc.MCHP

$16K

OMNIVISION TECHNOLOGIES, INCOVTI

$16K

All Assets (59)

Asset	Type	Owner	Value	Income
Alabama Power 5.875%	Other	Self	$15,001 - $50,000	Interest $1,001 - $2,500
Alcatel-Lucent ADR(ALU)	Stocks	Self	$1 - $1,000	Capital Gains $1 - $200
Apple Computer Inc.(AAPL)	Stocks	Self	N/A	Capital Gains $2,501 - $5,000
Ariel Appreciation Fund (Not Self-Directed)	Mutual Funds	Self	$1,001 - $15,000	None
Ariel Appreciation Fund (Not Self-Directed)	Mutual Funds	Self	$1,001 - $15,000	Capital Gains $1 - $200
Bank of America Corp.(BAC)	Stocks	Spouse	$15,001 - $50,000	Dividends $1,001 - $2,500
Baron Asset Fund	Mutual Funds	Spouse	N/A	Capital Gains $1 - $200
BB&T Corp(BBT)	Stocks	Spouse	$1,001 - $15,000	Dividends $201 - $1,000
BlackRock MuniHoldings Insured Fund	Mutual Funds	Self	$15,001 - $50,000	Dividends $1,001 - $2,500
Broadband Holders Trust	Other	Self	N/A	Dividends $201 - $1,000
Citizens Communications(CZN)	Stocks	Self	$1,001 - $15,000	Dividends $201 - $1,000
Comverse Technologies(CMVT)	Stocks	Self	$1 - $1,000	Capital Gains $1 - $200
Davis New York Venture Fund - IRA	Retirement & Pension	Spouse	$1,001 - $15,000	Capital Gains $1 - $200
Dell Inc(DELL)	Stocks	Self	$1,001 - $15,000	Dividends $1 - $200
Deutsche Bank 6.625% Preferred	Stocks	Self	$1,001 - $15,000	Dividends $201 - $1,000
Duke Energy(DUK)	Stocks	Self	$1,001 - $15,000	Dividends $201 - $1,000
Duke Energy Corp(DUK)	Stocks	Self	$1,001 - $15,000	Capital Gains $201 - $1,000
Eaton Vance Tax Managed	Mutual Funds	Self	$15,001 - $50,000	Capital Gains $1,001 - $2,500
Faton Worldwide	Stocks	Self	$1,001 - $15,000	Capital Gains $1 - $200
Energy Conversion Devices Inc(ENER)	Stocks	Self	$1,001 - $15,000	Capital Gains $1 - $200
Evergreen Investment IRA (Not Self Directed)	Retirement & Pension	Spouse	$1,001 - $15,000	None
Evergreen Investment IRA (Not Self Directed)	Retirement & Pension	Spouse	$1,001 - $15,000	Capital Gains $1 - $200
Intel Corp(INTC)	Stocks	Self	N/A	Dividends $1 - $200
ING Group 73375 FD	Other	Self	$15,001 - $50,000	Dividends $1 - $200
High Point NC 3.5% High Point, NC, US	Gov. Securities	Self	$15,001 - $50,000	Interest $1,001 - $2,500
Growth Fund of America Inc. IRA	Retirement & Pension	Spouse	N/A	Capital Gains $1 - $200
Family Dollar Stores, Inc.(FDO)	Stocks	Spouse	$1,001 - $15,000	Dividends $1 - $200
First Research Systems, Inc.	Stocks	Spouse	N/A	Dividends $1 - $200
Julius Baer Intl Equity (Lots 55/57 N. Poplar St., Charlotte, NC) Charlotte, NC, US	Real Estate	Spouse	$50,001 - $100,000	Capital Gains $1 - $200
Lots - Burke County, NC (4 residential lots) Burke County, NC, US	Real Estate	Self	$50,001 - $100,000	None
Mint Technologies WTS	Stocks	Self	N/A	None
Mechanics & Farmers Bank	Stocks	Self	$1,001 - $15,000	Capital Gains $201 - $1,000
Motorola Inc.(MSI)	Stocks	Self	$1,001 - $15,000	Capital Gains $1 - $200
N.C. State Employees Credit Union System (Not Self Directed)	Bank & Cash	Self	$15,001 - $50,000	None
Nicholas-Applegate Int'l & Domestic Strategy Fund	Mutual Funds	Self	$15,001 - $50,000	Capital Gains $2,501 - $5,000
Nucor Corporation(NUE)	Stocks	Self	N/A	Dividends $1 - $200
Nucor Corp.(NUE)	Stocks	Self	$1,001 - $15,000	Dividends $1 - $200
Nuveen Equity Premium Income Fund	Mutual Funds	Self	$15,001 - $50,000	Capital Gains $1,001 - $2,500
Oracle Corporation(ORCL)	Stocks	Self	N/A	Capital Gains $1 - $200
Park Plaza Office LP	LLC / Partnership	Self	$50,001 - $100,000	Gain/Capital Gains $1 - $200
Red Hat Inc.(RHT)	Stocks	Self	$1,001 - $15,000	Capital Gains $1 - $200
Royce Premier Fund - IRA	Mutual Funds	Spouse	$1,001 - $15,000	Capital Gains $1 - $200
Rydex Sector Rotation Fund - IRA	Mutual Funds	Spouse	$1,001 - $15,000	Capital Gains $1 - $200
Rydex Sector Rotation Fund	Mutual Funds	Self	$50,001 - $100,000	Gain/Capital Gains $1 - $200
Rydex Series Trust Biotechnology Fund	Mutual Funds	Self	N/A	Gain/Capital Gains $1 - $200
Rydex Series Trust Energy Fund	Mutual Funds	Self	$1,001 - $15,000	Capital Gains $1 - $200
Rydex Series Trust Energy Services Fund	Mutual Funds	Self	$1,001 - $15,000	Capital Gains $1 - $200
Spectra Energy(SE)	Stocks	Self	$1,001 - $15,000	Capital Gains $1 - $200
Spectra Energy Corp(SE)	Stocks	Self	$1,001 - $15,000	Capital Gains $1 - $200
Sun Microsystems Inc.(JAVA)	Stocks	Self	$1,001 - $15,000	Capital Gains $1 - $200
Terayon Communication Systems(TERN)	Stocks	Self	N/A	Capital Gains $1 - $200
Thornburg Investment	Mutual Funds	Self	N/A	Capital Gains $1 - $200
Transamerica IRA (Not Self Directed)	Retirement & Pension	Self	$1,001 - $15,000	Interest $1 - $200
Wachovia 8% Preferred	Stocks	Self	$15,001 - $50,000	Dividends $1 - $200
Wachovia Securities	Bank & Cash	Spouse	N/A	Dividends $1 - $200
Wachovia Securities	Bank & Cash	Spouse	$1,001 - $15,000	Interest $201 - $1,000
Wachovia Securities - IRA	Retirement & Pension	Spouse	$15,001 - $50,000	Dividends $201 - $1,000
Wachovia Securities - IRA (Managed by Denoted Trust)	Retirement & Pension	Spouse	$100,001 - $250,000	Interest $2,501 - $5,000
Westside 2000, Ltd (Land Partnership)	LLC / Partnership	Self	$15,001 - $50,000	None

Trading Sector Allocation (from PTR trades)

Utilities$24K

Technology$153K

Basic Materials$64K

Industrials$56K

Real Estate$32K

Consumer Cyclical$32K

Healthcare$24K

Energy$16K

Manufacturing$16K

Financial Services$33K

Consumer Defensive$16K

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Methodology: Net worth is calculated from annual financial disclosures filed under the STOCK Act. Congress members report asset values and liabilities in ranges (e.g., $1,001-$15,000), not exact amounts. The “estimated net worth” shown is the midpoint of total assets minus the midpoint of total liabilities. Actual values may differ. Stock trading data comes from separate Periodic Transaction Reports (PTRs).