Julian Robertson
is considered the father of hedge funds. He started his hedge
fund Tiger Management in 1980 with $8 million, and built the fund
all the way to $22 billion in the late 1990s. But his investing
philosophy prevented him from participating the tech bubble. He
kept losing money in and dissolved his fund. Mr. Robertson also
mentored a group of young hedge fund managers, known as the
"Tiger Cubs." A number of them became extremely successful hedge
fund managers in their own right, including
John Griffin
of Blue Ridge Capital,
Lee Ainslie
of Maverick Capital,
Andreas Halvorsen
of Viking Global, and Steve Mandel of Lone Pine Capital. They are
also included in our List of Gurus.
Today Tiger Management only manages fund from internal
investment, mainly Mr. Robertson's own money.
Julian Robertson buys Charter Communications Inc, Priceline.com,
Inc., Ocwen Financial Corporation, Tripadvisor Inc, Market
Vectors Junior Gold Miners Etf, Market Vectors Etf Trust, Barrick
Gold Corporation, Blackstone Group Lp, Golar Lng, Ltd., Google,
Inc., Mastercard Incorporated, Verisign, Inc., Sirius Xm Radio
Inc., Visa, Inc., Hca Holdings Inc, Soufun Holdings Ltd., sells
Goldman Sachs Group Inc during the 3-months ended 09/30/2012,
according to the most recent filings of his investment company,
Tiger Management. As of 09/30/2012, Tiger Management owns 36
stocks with a total value of $461 million. These are the details
of the buys and sells.
- New Purchases:
CHTR
,
PCLN
,
TRIP
,
BX
,
GLNG
,
SFUN
,
- Added Positions:
OCN
,
GDXJ
,
GDX
,
ABX
,
GOOG
,
MA
,
VRSN
,
SIRI
,
V
,
HCA
,
- Reduced Positions:
GS
,
For the details of Julian Robertson's stock buys and sells, go to
http://www.gurufocus.com/StockBuy.php?GuruName=Julian+Robertson
This is the sector weightings of his portfolio:
|
Technology
|
33.5% |
|
Financials
|
22.5% |
|
Consumer Services
|
18.7% |
|
Health Care
|
8.9% |
|
Industrials
|
3.9% |
|
Basic Materials
|
3.5% |
|
Not Assigned
|
3.2% |
|
Oil & Gas
|
1.6% |
|
Consumer Goods
|
0.1% |
These are the top 5 holdings of Julian Robertson
- Apple Inc (
AAPL
) - 100,930 shares, 14.6% of the total portfolio.
- Google, Inc. (
GOOG
) - 36,300 shares, 5.9% of the total portfolio. Shares added by
15.08%
- MasterCard Incorporated (
MA
) - 56,658 shares, 5.6% of the total portfolio. Shares added by
11.76%
- Liberty Global, Inc. (
LBTYA
) - 407,595 shares, 5.4% of the total portfolio.
- Qualcomm, Inc. (
QCOM
) - 341,030 shares, 4.6% of the total portfolio.
New Purchase: Charter Communications Inc (
CHTR
)
Julian Robertson initiated holdings in Charter Communications
Inc. His purchase prices were between $71.49 and $82.53, with an
estimated average price of $76.31. The impact to his portfolio
due to this purchase was 4%. His holdings were 246,400 shares as
of 09/30/2012. Charter Communications, Inc. is a broadband
communications company and the fourth-largest cable operator in
the United States. Charter Communications Inc has a market cap of
$6.93 billion; its shares were traded at around $67.94 with and
P/S ratio of 1.
New Purchase: Priceline.com, Inc. (
PCLN
)
Julian Robertson initiated holdings in Priceline.com, Inc.. His
purchase prices were between $560.41 and $690.55, with an
estimated average price of $631.72. The impact to his portfolio
due to this purchase was 3.2%. His holdings were 23,800 shares as
of 09/30/2012. Priceline.com Incorporated has pioneered a unique
e-commerce pricing system known as a `demand collection system`
that enables consumers to use the Internet to save money on a
wide range of products and services while enabling sellers to
generate incremental revenue. Priceline.com, Inc. has a market
cap of $31.18 billion; its shares were traded at around $624.01
with a P/E ratio of 21.9 and P/S ratio of 7.2. Priceline.com,
Inc. had an annual average earnings growth of 53.5% over the past
10 years.
New Purchase: Tripadvisor Inc (
TRIP
)
Julian Robertson initiated holdings in Tripadvisor Inc. His
purchase prices were between $32.91 and $46.39, with an estimated
average price of $38.24. The impact to his portfolio due to this
purchase was 1.3%. His holdings were 175,000 shares as of
09/30/2012. TripAdvisor Inc. is an online travel research
company. Tripadvisor Inc has a market cap of $4.44 billion; its
shares were traded at around $35.95 with a P/E ratio of 26.2 and
P/S ratio of 7.
New Purchase: Golar Lng, Ltd. (
GLNG
)
Julian Robertson initiated holdings in Golar Lng, Ltd.. His
purchase prices were between $37.39 and $41.14, with an estimated
average price of $39.08. The impact to his portfolio due to this
purchase was 1%. His holdings were 123,000 shares as of
09/30/2012. GOLAR LNG LIMITED is engaged in the acquisition,
ownership, operation and chartering of liquid natural gas
carriers and floating storage re-gasification units through its
subsidiaries. Golar Lng, Ltd. has a market cap of $3.21 billion;
its shares were traded at around $39.08 with a P/E ratio of 74.1
and P/S ratio of 10.7. The dividend yield of Golar Lng, Ltd.
stocks is 4%.
New Purchase: Blackstone Group Lp (
BX
)
Julian Robertson initiated holdings in Blackstone Group Lp. His
purchase prices were between $12.62 and $15.29, with an estimated
average price of $13.74. The impact to his portfolio due to this
purchase was 1%. His holdings were 328,000 shares as of
09/30/2012. Blackstone is one of the world's investment and
advisory firms. Blackstone Group Lp has a market cap of $6.07
billion; its shares were traded at around $14.02 with a P/E ratio
of 9.5 and P/S ratio of 1.9. The dividend yield of Blackstone
Group Lp stocks is 2.8%.
New Purchase: Soufun Holdings Ltd. (
SFUN
)
Julian Robertson initiated holdings in Soufun Holdings Ltd.. His
purchase prices were between $11.63 and $15.83, with an estimated
average price of $13.9. The impact to his portfolio due to this
purchase was 0.17%. His holdings were 50,000 shares as of
09/30/2012. SouFun Holdings Limited is a real estate Internet
portal and home furnishing and improvement website in China.
Soufun Holdings Ltd. has a market cap of $1.52 billion; its
shares were traded at around $18.5 with a P/E ratio of 12 and P/S
ratio of 4.4. The dividend yield of Soufun Holdings Ltd. stocks
is 10.2%.
Here is the complete portfolio of Julian Robertson. Also check
out:
1. Julian Robertson's Undervalued Stocks
2. Julian Robertson's Top Growth Companies, and
3. Julian Robertson's High Yield stocksAbout GuruFocus:
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