Melvin L. Watt Net Worth & Financial Disclosure

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Annual financial disclosure for 2009, filed June 4, 2009. Includes 61 assets.

Year:

2013 2012 2011 2010 2009 2008

Est. Net Worth

$992K

2009 annual disclosure

Total Assets

$444K - $1.5M

61 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

Retirement & Pension$213K (9)

LLC / Partnership$208K (2)

Stocks$186K (26)

Mutual Funds$165K (14)

Real Estate$75K (1)

Bank & Cash$73K (3)

Other$33K (2)

Gov. Securities$33K (1)

ETFs$8K (3)

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 (61)

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	N/A	Capital Gains
Apple Computer Inc.(AAPL)	Stocks	Self	$15,001 - $50,000	None
Ariel Appreciation Fund - IRA (Not Self Directed)	Retirement & Pension	Spouse	$50,001 - $100,000	Capital Gains $1 - $200
Ariel Appreciation Fund - IRA (Not Self Directed)	Retirement & Pension	Spouse	$1,001 - $15,000	Interest $1 - $200
Bank of America Corp(BAC)	Stocks	Self	$1,001 - $15,000	Dividends $1,001 - $2,500
BB&T Corp(BBT)	Stocks	Self	$1,001 - $15,000	Dividends $201 - $1,000
BlackRock Muniholdings Insured Fund	Mutual Funds	Self	$15,001 - $50,000	Dividends $1,001 - $2,500
Brandywine Blue Fund - IRA	Mutual Funds	Self	$1,001 - $15,000	None
Broadband Holders Trust	Other	Self	N/A	Dividends $1 - $200
Citizens Communications a.k.a. Frontier Communications Corp(FTR)	Stocks	Self	N/A	Dividends $1 - $200
Commerce Technology Inc	Stocks	Self	$1 - $1,000	None
Davis New York Venture Fund - IRA	Mutual Funds	Self	$1 - $1,000	Capital Gains $1 - $200
Dell, Inc(DELL)	Stocks	Self	N/A	Dividends
Deutsche Bank 6.625% PFD	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	N/A	None
Eaton Vance Tax-Managed Fund	Mutual Funds	Self	$1,001 - $15,000	Capital Gains $201 - $1,000
Eaton Vance Worldwide Health Sciences Fund	Mutual Funds	Self	$1,001 - $15,000	None
Energy Conversion Dev, Inc.	Stocks	Spouse	$1,001 - $15,000	None
Emergent Investments - IRA (Not Self Directed)	Retirement & Pension	Spouse	$1,001 - $15,000	Capital Gains $1 - $200
Emergent Investments - IRA (Not Self Directed)	Retirement & Pension	Self	$1,001 - $15,000	Interest $1 - $200
Family Dollar Stores, Inc.(FDO)	Stocks	Self	N/A	Dividends $1 - $200
Hewlett-Packard Company(HPQ)	Stocks	Self	$1,001 - $15,000	Dividends $1 - $200
High Point NC 3.5% High Point, NC, US	Gov. Securities	Self	$15,001 - $50,000	Interest $1,001 - $2,500
ING Group 7.375 PFD(ING)	Stocks	Self	$1,001 - $15,000	Dividends $1,001 - $2,500
International Business Machines(IBM)	Stocks	Self	$1,001 - $15,000	Dividends $1 - $200
Julius Baer Intl Equity Fund A (Artio International Equity Fund)	Mutual Funds	Spouse	$1 - $1,000	Capital Gains $1 - $200
Laboratory Corp of America(LH)	Stocks	Self	$1,001 - $15,000	None
Lot 5/5/17 N Poplar St., Charlotte, NC (1/2 interest) Charlotte, NC, US	Real Estate	Self	$50,001 - $100,000	None
McDonalds Corp(MCD)	Stocks	Self	$1,001 - $15,000	Dividends $201 - $1,000
Mechanics & Farmers Bank	Stocks	Self	$1,001 - $15,000	Dividends $201 - $1,000
Motorola Inc.(MSI)	Stocks	Spouse	N/A	None
NC State Employees Retirement System (Not Self Directed)	Retirement & Pension	Spouse	$15,001 - $50,000	Interest $1 - $200
Self Directed IRA	Retirement & Pension	Spouse	$1,001 - $15,000	Capital Gains $1,001 - $2,500
Nucor Corp.(NUE)	Stocks	Self	$1,001 - $15,000	Dividends $1 - $200
Nuveen Equity Premium & Income Fund	Mutual Funds	Self	$50,001 - $100,000	Capital Gains $1,001 - $2,500
Park Plaza Office LP	LLC / Partnership	Self	$100,001 - $250,000	None
Proctor & Gamble(PG)	Stocks	Self	$1,001 - $15,000	Dividends $1 - $200
ProShares Ultra Dow	ETFs	Self	$1,001 - $15,000	Dividends $1 - $200
ProShares Ultra Short	ETFs	Self	N/A	None
Ranier Inv Mgmt Midcap Equity	Mutual Funds	Self	$1,001 - $15,000	Capital Gains
SunAmerica Inv Mgmt Midcap Value Mut	Mutual Funds	Self	$1 - $1,000	None
Red Hat Inc.(RHT)	Stocks	Self	N/A	None
Royce Premier Fund - IRA	Mutual Funds	Spouse	$1,001 - $15,000	Capital Gains
Rydex Sector Rotation Fund - IRA	Mutual Funds	Spouse	$1,001 - $15,000	Capital Gains
Rydex Sector Rotation Fund	Mutual Funds	Self	N/A	None
Rydex Series Trust Energy Fund	Mutual Funds	Self	$1,001 - $15,000	Capital Gains $201 - $1,000
Rydex Series Trust Energy Services Fund	Mutual Funds	Self	N/A	None
SPDR S&P Homebuilders ETF(XHB)	ETFs	Self	N/A	None
Spectra Energy Corp(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(JAVA)	Stocks	Self	$1 - $1,000	None
Transamerica IRA (Not Self-Directed)	Retirement & Pension	Self	$1,001 - $15,000	Interest $201 - $1,000
Wachovia 8% Preferred	Stocks	Self	$15,001 - $50,000	Dividends $1,001 - $2,500
Wachovia Securities	Bank & Cash	Spouse	$1,001 - $15,000	Interest $1 - $200
Wachovia Securities	Bank & Cash	Spouse	$15,001 - $50,000	Dividends $201 - $1,000
Wachovia Securities - IRA	Retirement & Pension	Self	$15,001 - $50,000	Dividends $201 - $1,000
Wachovia Securities - Money Market Account	Bank & Cash	Self	$15,001 - $50,000	Interest $2,501 - $5,000
Wachovia Securities - IRA (Self-Directed Trust)	Retirement & Pension	Self	$15,001 - $50,000	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).