Jeremy Grantham

Jeremy Grantham

Last Update: 08-13-2015

Number of Stocks: 445
Number of New Stocks: 27

Total Value: $30,984 Mil
Q/Q Turnover: 14%

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

Jeremy Grantham Watch

  • Ashmore Group Buys Alibaba and Infosys

    The hedge fund Ashmore Group in its last quarterly 13F reported a total value of its portfolio of $310 million, with a decrease of 36.77% since the previous quarter. During Q2 2015, the firm bought 16 new stocks and increased eight of its existing stakes. The following are the most heavily weighted buys during the quarter.

    It bought shares of Silicon Motion Technology Corp. (SIMO) with an impact of 4.75% on its portfolio. It is a fabless semiconductor company that designs, develops and markets, high-performance, low-power semiconductor solutions to original equipment manufacturers (OEMs) and other customers in the mobile storage and mobile communications markets. The company's products are used in smartphones, tablets, notebooks, desktop PCs and industrial and commercial applications.


  • Pfizer Nears Completion of Hospira Acquisition

    On Aug. 24 Pfizer, Inc. (NYSE:PFE) received clearance from the Federal Trade Commission for its acquisition of Hospira, Inc. (NYSE:HSP). The acquisition process has been ongoing since Feb. 5 when Pfizer first announced it would be acquiring Hospira. Given the FTC clearance the acquisition will likely be completed in September.

    The Hospira acquisition will add low cost generic versions of biotech drugs to Pfizer’s product offerings, which are currently oriented around branded products. The Hospira business overall is primarily focused on generic injectable drug product offerings. The business is expected to be immediately accretive for Pfizer, bringing approximately $1.2 billion in quarterly revenue to the Pfizer business.


  • Jeremy Grantham Reduces More Than 250 Stakes in Second Quarter

    Jeremy Grantham (Trades, Portfolio), chairman of the board of Boston-based asset management firm Grantham Mayo Van Otterloo, is known for his ability to identify speculative market “bubbles” and using that knowledge to lead clients away from financial disasters.

    Like most of the gurus we follow, Grantham bought some stakes, sold some stakes and added to some others in the second quarter. But, by far, most of his activity involved reducing existing stakes – more than 250 of them.


  • Jeremy Grantham Q2 2015 Letter – Ten Quick Topics To Ruin Your Summer

  • Grantham, High Yield, and The Cyclical Bear In Gold – CMG Capital Management

    “If you’re young, take the whack [and] if you’re old, pray for the Fed to keep going.” – Jeremy Grantham (Trades, Portfolio)

    Grantham was the opening keynote at the Morningstar Investment Conference in late June. There were several notable insights I share with you this week. The intro quote above pretty well sums up his outlook. All about that (bass) Fed, about that (bass) Fed. The jingle continues to ring in my mind.


  • Zenit Asset Management Ab's Sells Amazon in Q2 2015

    At the end of the second quarter of 2015, the hedge fund Zenit Asset Management Ab reported a total value of its portfolio of $647.56 million, with an increase of 7.46% since the previous quarter.

    During the Q2 2015, the hedge fund bought 13 new stocks and increased 12 stakes. In my previous article, I listed the top 5 buys, and here I want to list the top stakes the fund sold out.


  • BTIM Corp's Top Sales in Q2 2015

    At the end of the second quarter of 2015, the hedge fund BTIM Corp reported a total value of its portfolio of $6.56 billion, with a decrease of 2.65% since the previous quarter. During the same quarter, the fund bought 18 new stocks and increased 112 stakes as I previously reported; it also sold out 11 stocks and decreased its stake in 192 stocks. Listed below are the most heavily-weighted sales.


  • Zenit Asset Management Ab's Top Buys in Q2 2015

    At the end of the second quarter of 2015, the hedge fund Zenit Asset Management Ab reported a total value of its portfolio of $647.56 million, with an increase of 7.46% since the previous quarter.

    During the Q2 2015, the hedge fund bought 13 new stocks and increased 12 stakes, and the following are the most heavily-weighted US companies it bought.


  • What Do High-Yield Maturities Tell Us About Timing the Credit Cycle? Another Take on the Wall

    Everybody involved in the credit markets wants to know when the cycle will turn. On the one hand, it feels like we are in the later stages of the current cycle and investors are afraid to overstay their welcome. On the other hand, credit spreads are close to historical averages while many competing asset classes seem overvalued. For those who are currently invested in high-yield bonds and leveraged loans, accurately timing the cycle will be the difference between safely clipping coupons and realizing painful losses. And for those of us who specialize in distressed debt investing, the turn of the cycle should create the next great opportunity. Most investors base their high-yield outlook on expected defaults.

    Credit strategists and portfolio managers frequently point to the timing of debt maturities – the so-called “maturity wall” – as a major determinant of near-term default rates. Presumably, with fewer debt maturities, there will be fewer defaults, and therefore higher returns. This assumption makes intuitive sense. After all, the inability to pay debts as they come due is a classic definition of insolvency. The more time companies have until their debts mature, the greater the chances they can find a way to refinance. Today, many credit strategists point to the relative lack of near-term high-yield maturities as a reason for investors to be constructive on credit.


  • Why Jeremy Grantham Believes We’re Not In a Bubble...Yet

    With the Shiller P/E ratio nearing all-time highs, many famous investors have expressed concerns that we are in a new stock market bubble.

    For those who need a primer, Robert Shiller of Yale University invented the Shiller P/E to measure the market's valuation. His valuation metric is believed to be a more reasonable market valuation indicator than the P/E ratio because it eliminates fluctuation of the ratio caused by the variation of profit margins during business cycles.


  • Predictable and Undervalued Companies - Part IV

    With these articles, I want to highlight all the companies that according to GuruFocus have a predictable business and are undervalued according to the Price/DCF (Average). I also apply another filter to those results to give you only the companies that have a significant EPS growth rate.

    When a company is undervalued but earnings are growing, we can believe that sooner or later Mr. Market will take care of the price.


  • Most performing Utilities on 2015

    With these articles I highlight the companies in the Utilities industry whose price rose more than the others since the beginning of the year (on a Year-To-Date basis)

    Ormat Technologies Inc (ORA)


  • A Bullish Outlook For Affiliated Managers Group

    In this article, let's take a look at Affiliated Managers Group Inc. (NYSE:AMG), a $11.99 billion market cap company, which is an asset management company with equity investments in a group of boutique investment management firms, or Affiliates.

    Ups and Downs


  • IGT Shares Have Low Expectations Priced In

    After an incredible run of over 100% in less than two years, shares of International Game Technology (IGT) recently hit a three-year low.

    On a variety of valuation metrics, IGT has never looked cheaper in comparison to historical levels. On a P/E, P/B, P/FCF and EV/EBIT basis, IGT’s valuation is hitting all-time lows.


  • Jeremy Grantham's 10 Current Obsessions

    GMO chief investment strategist Jeremy Grantham (Trades, Portfolio) took a moment to tick off the top 10 issues on his mind today.

    "In my current role, I'm totally free to obsess about important issues that interest me," he said. And here they are, fleshed out a bit with some quotes from Grantham's commentaries:


  • Why Ray Dalio Has 60% of His Portfolio in Emerging Market ETFs

    Ray Dalio (Trades, Portfolio) is the founder of the largest hedge fund on the planet, Bridgewater Associates. With over $160 billion in assets under management, his investment company has some of the best performance statistics of any manager over the long term. His Pure Alpha Fund (the largest) has lost money only three times in 20 years, producing a near 20% annual compound return before fees.

    While you need an initial investment of $100 million and at least $5 billion in total investable assets to buy into his funds, individual investors can glean some of Dalio’s best ideas from his SEC filings every quarter. Two major holdings stick out.


  • Four Stocks With Growing EPS Near Their 52-Week Lows

    With these articles, thanks to GuruFocus All-In-One Screener, I want to highlight stocks that got a strong price correction, and that are trading near their 52 weeks low but that can be good for investors, since they have growing earnings over the last years.

    HCP Inc (HCP)


  • Another 5 to 10 Percent And We Are In Bubble Territory – Jeremy Grantham

    Jeremy Grantham (Trades, Portfolio) thinks the market is getting close to bubble territory.

    He cites two statistics for this belief:


  • Philip Morris International has an Irresistible Dividend

    Philip Morris International (PM) has one of the largest, fastest growing, most stable dividend payouts investors will ever come across. At its current 4.7% yield, shares have typically paid out over a 4% yield since 2009. With a growing share price however, the company has been able to grow the payment over 12% per year to keep a stable dividend yield.


  • Weekly Guru Bargains Highlights: BAM, SBUX, FCX, VALE, BBD

    According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

    Starbucks Corp (NASDAQ:SBUX): Down 34% Since Jim Simons (Trades, Portfolio) Bought In the Quarter Ended on 2014-12-31


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