This is the latest portfolio update from hedge fund Blue Ridge
Capital. Blue Ridge was founded by
John Griffin
, the prot�g� of the legendary
Julian Robertson
.
John Griffin
runs a long-short portfolio, but is generally net long. The
shorts help the portfolio because they can go to zero in a poor
market, whereas the longs may go down a lot, but they will come
back based on the strength of the underlying businesses.
Constructing the portfolio this way makes it perform in a neutral
fashion in a down market and gives Griffin the luxury of being
somewhat indifferent to the macro environment. [Note: this is
very similar to the approach that Buffett took in running his
partnership, although in lieu of shorting, Buffett primarily
relied on other forms of hedging (arbitrage, control investing,
etc.) to protect his downside risk.]
John Griffin
buys AIG, America Movil, General Motors, Colfax Corporation,
Verisign, Inc., Dollar Tree etc during the 3-months ended
06/30/2012, according to the most recent filings of his
investment company, Blue Ridge Capital. As of 06/30/2012, Blue
Ridge Capital owns 41 stocks with a total value of $6.6 billion.
These are the details of the buys and sells that have the impact
to portfolio of more than .1%.
- New Purchases:
AIG
,
AMX
,
GM
,
CFX
,
OC
,
MCP
,
WPRT
,
- Added Positions:
VRSN
,
DLTR
,
MLM
,
GILD
,
TRIP
,
WBC
,
SIRI
,
HCA
,
LOW
,
KORS
,
TMO
,
AAPL
,
NFLX
,
- Reduced Positions:
MON
,
BLK
,
- Sold Out:
BIDU
,
YNDX
,
NG
,
For the details of John Griffin's stock buys and sells, go to
http://www.gurufocus.com/StockBuy.php?GuruName=John+Griffin
This is the sector weightings of his portfolio:
|
Consumer Services
|
28.6% |
|
Technology
|
20.3% |
|
Industrials
|
13.7% |
|
Financials
|
12% |
|
Health Care
|
10.9% |
|
Consumer Goods
|
7.7% |
|
Oil & Gas
|
4.9% |
|
Telecom
|
1.8% |
|
Not Assigned
|
0.3% |
These are the top 5 holdings of John Griffin
- Apple Inc. (
AAPL
) - 751,500 shares, 6.6% of the total portfolio. Shares added
by 4.3%
- Amazon.com, Inc. (
AMZN
) - 1,741,896 shares, 6.0% of the total portfolio.
- Priceline.com Inc (
PCLN
) - 554,000 shares, 5.6% of the total portfolio.
- American International Group, Inc. (
AIG
) - 10,440,000 shares, 5.1% of the total portfolio. New
Position
- Google Inc (
GOOG
) - 520,000 shares, 4.6% of the total portfolio.
New Purchase: American International Group, Inc. (
AIG
)
John Griffin initiated holdings in American International Group,
Inc.. His purchase prices were between $27.43 and $34.4, with an
estimated average price of $31.13. The impact to his portfolio
due to this purchase was 5.1%. His holdings were 10,440,000
shares as of 06/30/2012. American International Group, Inc.,
world leaders in insurance and financial services, is the
international insurance organization with operations in more than
one hundred thirty countries and jurisdictions. American
International Group, Inc. has a market cap of $62.43 billion; its
shares were traded at around $34.615 with a P/E ratio of 18 and
P/S ratio of 1.
New Purchase: America Movil Sab De Cv (adr) (
AMX
)
John Griffin initiated holdings in America Movil Sab De Cv (adr).
His purchase prices were between $22.94 and $27.48, with an
estimated average price of $24.56. The impact to his portfolio
due to this purchase was 1.8%. His holdings were 4,575,000 shares
as of 06/30/2012. American Movil is the provider of wireless
communications services in Mexico. America Movil Sab De Cv (adr)
has a market cap of $101.62 billion; its shares were traded at
around $26.145 with a P/E ratio of 16.3 and P/S ratio of 2. The
dividend yield of America Movil Sab De Cv (adr) stocks is 1.1%.
America Movil Sab De Cv (adr) had an annual average earnings
growth of 30.3% over the past 10 years. GuruFocus rated America
Movil Sab De Cv (adr) the business predictability rank of
3.5-star.
New Purchase: General Motors Company (
GM
)
John Griffin initiated holdings in General Motors Company. His
purchase prices were between $19.51 and $26.95, with an estimated
average price of $22.51. The impact to his portfolio due to this
purchase was 1.7%. His holdings were 5,840,000 shares as of
06/30/2012. General Motors Company is engaged in the designing,
manufacturing and retailing of vehicles globally including
passenger cars, crossover vehicles, and light trucks, sport
utility vehicles, vans and other vehicles. General Motors Company
has a market cap of $34.47 billion; its shares were traded at
around $21.8 with a P/E ratio of 6.8 and P/S ratio of 0.2.
New Purchase: Colfax Corporation (
CFX
)
John Griffin initiated holdings in Colfax Corporation. His
purchase prices were between $26.55 and $35.2, with an estimated
average price of $30.54. The impact to his portfolio due to this
purchase was 1.6%. His holdings were 3,945,000 shares as of
06/30/2012. Colfax Corporation is a global supplier of fluid
handling products, including pumps, fluid handling systems and
specialty valves. Colfax Corporation has a market cap of $3.14
billion; its shares were traded at around $33.14 with a P/E ratio
of 24.8 and P/S ratio of 4.5.
New Purchase: Owens Corning (
OC
)
John Griffin initiated holdings in Owens Corning. His purchase
prices were between $26.57 and $35.47, with an estimated average
price of $31.39. The impact to his portfolio due to this purchase
was 1.1%. His holdings were 2,550,000 shares as of 06/30/2012.
Owens Corning is a world leader in building materials systems and
composite solutions. Owens Corning has a market cap of $3.82
billion; its shares were traded at around $31.57 with a P/E ratio
of 16.2 and P/S ratio of 0.7.
Here is the complete portfolio of John Griffin. Also check out
the Undervalued Stocks, Top Growth Companies, and High Yield
stocks of John Griffin.About GuruFocus: GuruFocus.com tracks the
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.