Jeremy Grantham

Jeremy Grantham

Last Update: 11-13-2015

Number of Stocks: 570
Number of New Stocks: 167

Total Value: $28,776 Mil
Q/Q Turnover: 19%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Jeremy Grantham Watch

  • Jeremy Grantham's Holdings Trading Below Peter Lynch Earnings Line

    Jeremy Grantham (Trades, Portfolio) is the chairman of the board of Grantham Mayo Van Otterloo, a Boston-based asset management firm whose portfolio is composed of 570 stocks, and the following are a few of his holdings that are trading with a very wide margin of safety, according to the Peter Lynch earnings line.

    Atwood Oceanics Inc. (ATW) is trading at about $15 per share while the Peter Lynch earnings line gives the stock a fair price of $95.3, giving it a margin of safety of 83%.


  • Jeremy Grantham's GMO 3rd Quarter Performance

    GMO’s quarterly performance update for the third quarter ended Sept. 30.

    GMO Benchmark-Free Allocation Strategy


  • Jeremy Grantham Adds to Stakes in Pharmaceutical Stocks

    Jeremy Grantham (Trades, Portfolio) has built a reputation over the years by identifying speculative “bubbles” as they were happening and guiding clients away from them. His third-quarter transactions suggest that the reverse may be happening in pharmaceuticals.

    Grantham’s most significant transaction in the third quarter was the addition of 6,467,840 shares to his stake in Valeant Pharmaceuticals International Inc. (NYSE:VRX), a Canadian pharmaceutical company, for an average price of $233.19 per share. The transaction had a 4.01% impact on Grantham’s portfolio.


  • Home Depot Continues to Beat Wall Street's Expectations

    Shares of The Home Depot Inc. (NYSE:HD) are moving almost 4% following Thursday morning's session after the company reported better-than-expected earnings for Q3.

    The company reported earnings per share of $1.35, which are higher than the $1.15 per share obtained in the same quarter a year ago and are higher than estimates by 3 cents. Further, revenue increased by 6.4% and reached $21.8 billion in line with analyst’s estimates. Comparable store sales for the quarter were positive 5.1%, and comp sales for U.S. stores were positive 7.3%.


  • Alibaba Bets on Middle Class and Opens Offices Worldwide

    Alibaba Group Holding Ltd. (BABA) is a holding company and conducts its businesses through its subsidiaries. Alibaba is engaged in online and mobile commerce through products, services and technology that enable businesses to operate efficiently and extend their reach to sell to consumers and businesses in the People's Republic of China and internationally.

    Recently Alibaba’s founder urged small and medium-sized Western companies to enter the country's markets since China’s middle class is expanding. 


  • Time to Take Profits on NASDAQ

    NASDAQ Inc. (NASDAQ:NDAQ) is one of the world’s largest providers of trading, clearing, exchange technology, regulatory, securities listing and information and public company services. NASDAQ operates in four business segments: market services, listing services, information services and technology solutions.

    NASDAQ’s market services include equity and derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading and clearing, and broker services. Its transaction-based platforms provide market participants with the ability to access, process, display and integrate orders and quotes.


  • 5 Stocks Growing Book Value but Getting Cheaper

    Sometimes companies can exhibit a prowess for building book value, but for any number of reasons the market could either not recognize it or discount the company due to a temporary, negative situation.

    Recognizing these types of companies is central to the investing process for Martin Whitman (Trades, Portfolio) and Third Avenue Management (Trades, Portfolio), as well as many value investors.


  • GMO Second Quarter Shareholder Letter - Part 3

    GMO Second Quarter Letter - Part 3

    All in all I am still very confident, unfortunately, that the old regime of irregularly falling commodity prices is gone forever.


  • GMO Second Quarter Shareholder Letter - Part 2

    Risk parity

    Another group of price-insensitive investors are managers of risk parity portfolios. These portfolios make allocations to asset classes not with regard to pricing of assets, but rather their volatility and correlation characteristics. Their price-insensitivity comes out in a couple of ways. First, as money flows into the strategies, they are levered buyers of bonds and inflation-linked bonds in particular. Like most strategies, if the money flows out, they are forced sellers of a slice of their portfolio. Second, unlike many other investors, they will also tend to buy and sell based on changes in volatility. As the volatility of an asset falls, these strategies will tend to lever it up further, and as the volatility rises they will sell. Given that low volatility tends to be associated with rising markets and high volatility with falling markets, this gives their buy and sell decisions a certain momentum flavor. If bond prices are moving up in a steady fashion, they will tend to buy more and more as volatility falls, and in a disorderly sell-off that sees yields and expected returns rise along with rising volatility, they will sell the assets due to their higher “risk.” In fact, rising volatility in bond markets could cause a general delevering of risk parity portfolios, causing them to sell assets unrelated to bonds in order to keep their estimated volatility stable. With hundreds of billions of dollars under management in risk parity strategies and large holdings in some of the less deeply liquid areas of the financial markets such as inflation-linked bonds and commodity futures, it is easy to imagine their selling in unsettling markets under certain circumstances, such as a repeat of 2013’s “Taper Tantrum.”


  • GMO Second Quarter Letter to Partners Part 1

    Jermeny Grantham's GMO has released its second quarter letter to its partners. The letter is broken up into two parts, one written by Grantham titled, "Ten Quick Topics To Ruin Your Summer," and the other, "Price-Insensitive Sellers," by Ben Inker.

    GMO's second quarter letter


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