According to data released today,
), $3.4 billion global investment firm Passport Capital's founder,
introduced 58 new stocks into his portfolio in the fourth quarter,
for a total of 141 positions. This portfolio is valued at $2.94
billion, having quarter-over-quarter turnover of 30%.
Passport's investing strategy consists of a mix of macroeconomic
analysis, fundamental research and quantitative tools.
The Largest New Buys
Gaming and Leisure Properties Inc. (
Burbank purchased 2,213,948 shares of Gaming and Leisure Properties
Inc. in a position absorbing 3.8% of the portfolio. The shares'
price averaged $47 in quarter four.
Gaming and Leisure Properties spun off of Penn National Gaming Inc.
on Nov. 1, 2013, and became the first gaming-focused real estate
investment trust in January of this year. GLPI Inc. has a market
cap of $3.46 billion; its shares were traded at around $38.80.
58.com Inc. (
Burbank purchased 1,635,500 shares of 58.com Inc., reflecting 2.1%
of the portfolio. The fourth quarter's average price for the stock
58.com Inc. is China's largest online marketplace. It has a market
cap of $2.79 billion, and its shares were traded at around $35.08
with a P/E ratio of 337.00 and P/S ratio of 22.30.
Valero Energy Corp. (
Burbank acquired 949,885 Valero Energy shares in a position worth
1.6% of the portfolio's size. The stock's price averaged $42 in
Valero Energy Corp. was incorporated in Delaware in 1981 under the
name Valero Refining and Marketing Company. Valero Energy Corp. has
a market cap of $26.44 billion; its shares were traded at around
$49.01 with a P/E ratio of 11.20 and P/S ratio of 0.20. The
dividend yield of Valero Energy Corp. stocks is 1.90%. Valero
Energy Corp. had an annual average earnings growth of 1.40% over
the past 10 years.
Plains GP Holdings LP (
Burbank purchased 1,292,107 Plains GP Holdings shares in a holding
reflecting 1.2% of the portfolio. Its fourth quarter share price
Plains GP Holdings LP has a market cap of $3.61 billion; its shares
were traded at around $27.28 with and P/S ratio of 0.10. The
dividend yield of Plains GP Holdings LP stocks is 0.50%.
Twitter Inc. (
Burbank purchased 599,175 shares of Twitter in a position worth
1.2% of the portfolio. Twitter's fourth quarter share price was
around $50 on average in quarter four.
Twitter is a public, real-time conversation platform with around
240 million active users. Twitter Inc. has a market cap of $30.76
billion; its shares were traded at around $56.47 with and P/S ratio
See John Burbank (Trades, Portfolio)'s portfolio here.
Not a Premium Member of GuruFocus?
Try it free for 7 days here!
About GuruFocus: GuruFocus.com tracks the stocks picks and
portfolio holdings of the world's best investors. This value
investing site offers stock screeners and valuation tools. And
publishes daily articles tracking the latest moves of the world's
best investors. GuruFocus also provides promising stock ideas in 3
monthly newsletters sent to
This article first appeared on