Latest Picks from Legendary Hedge Fund Manager Julian Robertson: AIG, HCA, JPM, ABX, OCN, SEAC

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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.

We have observed that he is buying into beaten down financials AIG and JPMorgan ( JPM ), but selling out Goldman Sachs. Apple ( AAPL ) is still his largest position at 16.4% of his portfolio and he is heavy with tech stocks. As of 06/30/2012, Tiger Management owns 31 stocks with a total value of $359 million. These are the details of the buys and sells that have the impact to portfolio of more than 1%.

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 35%
Financials 24.5%
Consumer Services 11.2%
Health Care 10.6%
Not Assigned 6.5%
Industrials 5.4%
Basic Materials 2.8%
Oil & Gas 0.7%
Consumer Goods 0.1%



These are the top 5 holdings of Julian Robertson

  1. Apple Inc. ( AAPL ) - 100,930 shares, 16.4% of the total portfolio. Shares added by 13.8%
  2. Mastercard Inc ( MA ) - 50,694 shares, 6.1% of the total portfolio. Shares reduced by 4.34%
  3. Liberty Global Inc. ( LBTYA ) - 407,595 shares, 5.6% of the total portfolio.
  4. QUALCOMM, Inc. ( QCOM ) - 341,030 shares, 5.3% of the total portfolio. Shares added by 57.86%
  5. Google Inc ( GOOG ) - 31,542 shares, 5.1% of the total portfolio.


New Purchase: American International Group, Inc. ( AIG )

Julian Robertson 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 4.7%. His holdings were 523,000 shares as of 06/30/2012.

New Purchase: Hca Holdings Inc ( HCA )

Julian Robertson initiated holdings in Hca Holdings Inc. His purchase prices were between $24.13 and $30.75, with an estimated average price of $26.45. The impact to his portfolio due to this purchase was 4.4%. His holdings were 522,400 shares as of 06/30/2012.

New Purchase: Jpmorgan Chase & Co. ( JPM )

Julian Robertson initiated holdings in Jpmorgan Chase & Co.. His purchase prices were between $31.51 and $45.67, with an estimated average price of $38.39. The impact to his portfolio due to this purchase was 3.8%. His holdings were 382,000 shares as of 06/30/2012.

New Purchase: Barrick Gold Corporation (usa) ( ABX )

Julian Robertson initiated holdings in Barrick Gold Corporation (usa). His purchase prices were between $35.18 and $43.91, with an estimated average price of $39.42. The impact to his portfolio due to this purchase was 2.8%. His holdings were 263,000 shares as of 06/30/2012.

New Purchase: Ocwen Financial Corporation ( OCN )

Julian Robertson initiated holdings in Ocwen Financial Corporation. His purchase prices were between $14.52 and $18.51, with an estimated average price of $15.85. The impact to his portfolio due to this purchase was 2.4%. His holdings were 454,591 shares as of 06/30/2012.

New Purchase: Seachange International ( SEAC )

Julian Robertson initiated holdings in Seachange International. His purchase prices were between $7.82 and $8.6, with an estimated average price of $8.14. The impact to his portfolio due to this purchase was 1.9%. His holdings were 842,000 shares as of 06/30/2012.

Sold Out: Pnc Financial Services ( PNC )

Julian Robertson sold out his holdings in Pnc Financial Services. His sale prices were between $56.25 and $66.99, with an estimated average price of $62.2.

Sold Out: Wells Fargo & Company ( WFC )

Julian Robertson sold out his holdings in Wells Fargo & Company. His sale prices were between $30.04 and $34.32, with an estimated average price of $32.57.

Sold Out: Starbucks Corporation ( SBUX )

Julian Robertson sold out his holdings in Starbucks Corporation. His sale prices were between $51.42 and $61.28, with an estimated average price of $55.52.

Sold Out: Netflix, Inc. ( NFLX )

Julian Robertson sold out his holdings in Netflix, Inc.. His sale prices were between $61.54 and $113.67, with an estimated average price of $79.97.

Sold Out: Sandisk Corporation ( SNDK )

Julian Robertson sold out his holdings in Sandisk Corporation. His sale prices were between $31.35 and $49.71, with an estimated average price of $37.

Added: Sirius Xm Radio Inc ( SIRI )

Julian Robertson added to his holdings in Sirius Xm Radio Inc by 4975%. His purchase prices were between $1.82 and $2.35, with an estimated average price of $2.05. The impact to his portfolio due to this purchase was 2.55%. His holdings were 5,075,000 shares as of 06/30/2012.

Added: Apple Inc. ( AAPL )

Julian Robertson added to his holdings in Apple Inc. by 13.8%. His purchase prices were between $530.73 and $642.81, with an estimated average price of $582.98. The impact to his portfolio due to this purchase was 1.99%. His holdings were 100,930 shares as of 06/30/2012.

Added: Qualcomm, Inc. ( QCOM )

Julian Robertson added to his holdings in Qualcomm, Inc. by 57.86%. His purchase prices were between $54.12 and $68.49, with an estimated average price of $60.73. The impact to his portfolio due to this purchase was 1.94%. His holdings were 341,030 shares as of 06/30/2012.

Reduced: Goldman Sachs Group, Inc. ( GS )

Julian Robertson reduced to his holdings in Goldman Sachs Group, Inc. by 63.27%. His sale prices were between $91.12 and $123.84, with an estimated average price of $104.1. The impact to his portfolio due to this sale was -5.63%. Julian Robertson still held 92,207 shares as of 06/30/2012.

Reduced: Sherwin-williams Company (SHW)

Julian Robertson reduced to his holdings in Sherwin-williams Company by 37.74%. His sale prices were between $108.27 and $133.8, with an estimated average price of $122.18. The impact to his portfolio due to this sale was -1.21%. Julian Robertson still held 64,000 shares as of 06/30/2012.

Here is the complete portfolio of Julian Robertson. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of Julian Robertson.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 Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: NFLX , PNC , SBUX , SNDK , WFC

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