As a devoted disciple to his investing Guru
is famed as one of the "Tiger Cubs" and keeps his investments
simple. An expert in Asian markets, Karr is the founder of his
employee-owned hedge fund Joho Capital. Holding concentrated
positions in new technology companies, Karr's portfolio is
weighted with a large technology sector at 64.3%, followed by
consumer defensive at 28.6%. His updated portfolio contains 14
stocks, two of them new, with a total value of $902 million and a
quarter-over-quarter turnover of 26%.
Here's an update on Karr's top three holdings and how the
companies are performing.
No. 1: Google Inc. (
), Weighting: 25.3%, Shares Owned: 287,596, Value: $228
of Joho Capital holds 0.09% of GOOG shares outstanding. Since
second quarter of 2008, Karr's trading history shows a 78% gain
on 417,449 shares bought at an average price of $493.27 per
share. He also gained 76% on 328,743 shares sold at an average
share price of $498.90 per share. In the first quarter of 2013,
Karr bought 9,000 more shares at $778.50 per share and made a
Up 46% over 12 months, Google Inc. has a market cap of $289.1
billion, a P/E of 25.80, and a P/S of 5.86. The company was
incorporated in California in September 1998 and reincorporated
in Delaware in August 2003. Google Inc. had an annual average
earnings growth of 44% over the past 10 years. GuruFocus rated
the business predictability rank of 2.5-star
Tracking GOOG's valuation since August 2004:
GOOG data by GuruFocus.com
Google Inc. reported consolidated revenues of $13.97 billion for
the quarter ended March 31, 2013, an increase of 31% compared to
the first quarter of 2012. Google Inc. reported advertising
revenues, consistent with GAAP, on a gross basis without
deducting traffic acquisition costs (
). In the first quarter of 2013, TAC totaled $2.96 billion, or
25% of advertising revenues.
No. 2: Mead Johnson Nutrition Company (
), Weighting: 15.2%, Shares Owned: 1,766,900, Value: $136
Robert Karr also holds 0.87% of MJN shares outstanding. A
relatively new holding since second quarter of 2010, Karr's
trading history shows an 8% gain on 1,766,900 shares bought at an
average cost of $74 per share. He also gained 76% on 328,743
shares sold at an average share price of $498.90 per share. In
the first quarter of 2013, Karr gained 8.8% on his holding.
Down 3% over 12 months, Mead Johnson Nutrition Company, a
Delaware corporation, was founded in 1905. Mead Johnson Nutrition
Company has a market cap of $16.14 billion; its shares were
traded at around $79.52 with a P/E ratio of 26.50 and P/S ratio
of 4.07. The dividend yield of Mead Johnson Nutrition Company
stocks is 1.60%. Mead Johnson Nutrition Company had an annual
average earnings growth of 2.4% over the past five years.
Tracking MJN's price per share over the years:
MJN data by GuruFocus.com
Mead Johnson Nutrition Company reported its first quarter 2013
revenue of $1.037 billion, compared to $9.8 million in the
previous quarter. The company's gross profit was $647 million for
the first quarter of 2013, compared to $599 million in the
No. 3: Baidu Inc. (
), Weighting: 13.7%, Shares Owned: 1,407,050, Value: $123
Guru Robert Karr also holds 0.40% of BIDU shares outstanding.
Baidu Inc. is headquartered in Beijing and is the leading Chinese
language Internet search provider.
Karr's trading history shows that he made major gains on this
holding from the second quarter of 2008 through the first quarter
of 2010, after which gains dwindled, and fell into the red zone
in the fourth quarter of 2010 at a loss of 9.1%. Karr has been
losing on this holding since that time, bringing his average cost
of around 1.4 million shares to $97 per share for an overall loss
Down 22% over 12 months, Baidu was incorporated in the Cayman
Islands in January 2000 as "Baidu.com, Inc." The company has a
market cap of $32.96 billion; its shares were traded at around
$93.54 with a P/E ratio of 19.30 and P/S ratio of 8.57. Baidu
Inc. had an annual average earnings growth of 79.9% over the past
Tracking BIDU's price changes:
BIDU data by GuruFocus.com
Baidu reported its first quarter 2013 revenue of $961.0 million
(RMB 5.969 billion), a 40.0% increase from the corresponding
period in 2012. The company's operating profit in the first
quarter of 2013 was $355.9 million (RMB 2.210 billion), a 5.7%
increase from the corresponding period in 2012.
"We saw healthy financial results in the first quarter of 2013 as
we continued to invest in establishing China's leading mobile
ecosystem." said Robin Li, chairman and chief executive officer
of Baidu. "Our mobile offering is making exciting progress, with
our flagship mobile search product having now surpassed 100
million daily active users, an over 25% increase from the end of
the fourth quarter."
Robert Karr's Joho Capital serves mainly pooled investment
vehicles and caters to charitable organizations. Employing a
long/short equity strategy to create its portfolios, Joho Capital
invests in public equity markets across the globe with a focus on
Japan, China, Korea and other Asian markets.
Here is the complete portfolio of Robert Karr.
Also check out:
1. Robert Karr's Undervalued Stocks
2. Robert Karr's Top Growth Companies
3. Robert Karr's High Yield stocks
4. Stocks that Robert Karr keeps buying
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