John Burbank

Last Update: 11-16-2015

Number of Stocks: 119
Number of New Stocks: 44

Total Value: $5,550 Mil
Q/Q Turnover: 21%

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

John Burbank Watch

  • John Burbank Has Big Losses on E-Commerce China, Sohu.com, Autohome

    John Burbank (Trades, Portfolio) sold many stocks during the third quarter. Some of them brought him some profits, but he lost on other investments. His biggest quarterly losses were 31%, 29% and 27% on E-Commerce China Dangdang Inc. (DANG), Sohu.com Inc. (SOHU) and Autohome Inc. (ATHM).


    Burbank is the chief investment officer of Passport Capital LLC, the global investment firm he founded in 2000. The firm employs top-down macroeconomics to achieve risk-adjusted returns.

      


  • John Burbank Jumps in Alphabet, Dollar Tree and Sells Rite Aid, NRG

    John Burbank is the chief investment officer of Passport Capital LLC, the global investment firm he founded in 2000. He manages a portfolio composed of 119 stocks with a total value of $5.55 billion. The following are his largest trades during the third quarter.


    The investor reduced his stake in Liberty Global PLC (LBTYK) by 62.48% with an impact of -3.09% on the 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%.

      


  • John Burbank Jumping on the Google Train

    Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) aka Google is one of the most popular stocks with gurus. In the aggregated guru portfolio its weighting is fourth only to Wells Fargo (NYSE:WFC), Valeant Pharmaceutical (NYSE:VRX) and Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B). Because the distribution of assets under management is quite top heavy, a few gurus heavily influence the aggregated portfolio. Valeant making the top four is also a product of a few gurus who run heavily concentrated portfolios like Glenn Greenberg (Trades, Portfolio) and Bill Ackman (Trades, Portfolio) who are betting the ranch on the troubled pharmaceutical.


    Wells Fargo, Berkshire Hathaway and Google are widely owned and important positions to many gurus. If we look at the number of gurus holding a certain stock Wells Fargo comes in at No. 1 again, but if we would add up the number of gurus holding GOOG and GOOGL it would surpass Wells Fargo easily with 31 > 26.

      


  • Invest in Things That Have Never Happened Before – Hedge Fund Star John Burbank

    Micro or macro. How do you invest?


    Some investors ignore the macro and just focus on specific company fundmentals. These investors are willing to ride the macro events both up and down and trust that things will work out over time.

      


  • John Burbank Increases His Position in Delta Airlines

    John Burbank (Trades, Portfolio) is the chief investment officer of Passport Capital LLC, the global investment firm he founded in 2000. The firm now manages a portfolio worth more than $3.5 billion. The San Francisco-based firm employs top-down macroeconomics to achieve risk-adjusted returns.


    Last quarter, Burbank increased his position in Delta Airlines (NYSE:DAL) by buying 1,581,549 shares. As of June 30, he was holding 1,590,668 shares of the company.

      


  • Jim Simons Increases His Position in CF Industries

    Renaissance Technologies is one of the most successful hedge funds of current times founded by Jim Simons (Trades, Portfolio). The firm employs complex mathematical models to analyze and execute trades, many of them automated. Renaissance uses computer-based models to predict price changes in easily traded financial instruments. These models are based on analyzing as much data as can be gathered, then looking for non-random movements to make predictions.


    Last quarter, the firm increased its position in CF Industries (NYSE:CF) by buying 283,100 shares. As of June 30, Renaissance Technologies was holding 481,850 shares of the company. CF Industries is one of the largest manufacturers and distributors of nitrogen fertilizer and other nitrogen products in the world. The company's principal customers are cooperatives, independent fertilizer distributors and industrial users. CF Industries' principal nitrogen fertilizer products are ammonia, granular urea and urea ammonium nitrate solution (UAN). Its other nitrogen products include ammonium nitrate (AN), diesel exhaust fluid (DEF), urea liquor and aqua ammonia, which are sold primarily to its industrial customers.

      


  • Tyson Foods Is a Stable Company Among its Peers

    In this article, let's take a look at Tyson Foods, Inc. (NYSE:TSN), a $17.19 billion market cap company. Tyson is one of the world's largest suppliers of beef, chicken, pork, and prepared foods. The firm operates in the food industry, which is highly competitive and is dominated by HJ Heinz (NYSE:HNZ), Kraft Foods (KRFT), General Mills (NYSE:GIS) and Kellogg (NYSE:K).


    Ups and downs

      


  • Guru John Burbank on Fed, Emerging Markets and His 29% Return in July

    Passport Capital's John Burbank (Trades, Portfolio) told CNBC about the forces affecting emerging markets and how he returned 29% in July.
      


  • Spotting Creation of Value - Additions to The List

    In my previous article on Spotting Creation of Value, I listed the number of ways I have personally observed that a company can create value for shareholders over time. I admitted in the article that it is very likely not a complete list. Well, I found this list from a great book called “100 to 1 In The Stock Market” by Thomas Phelps. At the end of the book, Mr. Phelps gave a list of what makes a stock grow, which I think is a great complementary to my list. The bold ones are missing in my list:


        


  • Praxair Appears to be Trading Undervalued

    Manning & Napier Advisors, Inc has recently initiated a new position on Praxair Inc. (NYSE:PX) with 30,886 shares.


    The company provides 22 consecutive years of dividend increases and this fact makes me feel bullish on this stock.

      


  • Delta Air Lines: A Nice Bet for the Remainder of 2015

    Delta Air Lines Inc. (NYSE:DAL) reported Q2 2015 earnings (on an adjusted basis) of $1.27 per share, beating analyst´s estimates of $1.23. Further, higher-than-expected revenues contributed to that earning´s beat. The company reported quarterly revenues of $10.71 billion, beating estimates of $10.63 billion, with growth of 0.75% year-over-year.


    When looking at the bottom-line, net income of $1.48 billion for the quarter increased by 85% year over year, along with diluted earnings per share of $1.83. The airliner benefited from low fuel costs that will probably continue in the next months, with an expectation of fuel costs per gallon ranging from $1.90 to $2.00. This view is also shared by the CEO who said, "significant fuel savings in the September quarter should allow us to produce another record quarter with more than 30% EPS growth," said CEO Richard H. Anderson. We must mention that if we include special items, Delta’s earnings came in at $1.83 per share.

      


  • Duke Energy Provides Upside Potential

    Jim Simons (Trades, Portfolio) decreased his position in Duke Energy Corporation (NYSE:DUK) through Renaissance Technologies by 4% to $166.6 million in the company's latest filing, with 2.17 million shares.


    On the other hand, Israel Englander remains bullish on the company as evidenced by its increased position in the company's shares, so let´s try to find the intrinsic value of the stock based on an absolute valuation model and see if we can find an upside potential in this stock. Then, we are going to calculate the same value with the new dividend declared by the company.

      


  • Why I Still Consider Kroger as a Buy Recommendation

    In this article, let's take a look at the supermarket operator Kroger Co (NYSE:KR) and try to explain if this is an appealing investment opportunity or not, when shares of the company are trading nearly its 52-week high. Shares of the firm closed yesterday at $73.11, amassing a year-to-date return of 13.6%, which I consider attractive when compared to a market benchmark such as the SPDR S&P 500 ETF (SPY). Further, the past September I wrote an article recommending the stock, and I think it has done pretty good, with a 42% return in the period.


    Company’s competitive environment

      


  • Despite Recent Downgrade, This Ecommerce Giant is a Buy

    Amazon.com (NASDAQ:AMZN) was downgraded by analysts at Evercore ISI from a “buy” rating to a “hold” rating in a report to clients. The target price was increased to $460.00 from $440.00. Considering the last close of $ 440.1, this suggests an upside potential of 4.5% from the company’s current price.


    Analyst Ken Sena commented, "We’re reducing our Amazon rating to HOLD from BUY as shares now trade within a close range of our $460 target. While retail and Amazon Web Services trends appear on track and N/T operating margins seemed poised for upside this quarter and next, our reduced rating recognizes the strong run in shares, now up 45% YTD, and the growing capital investment we are seeing through leasing activity, making modeling upside on the basis of FCF increasingly difficult." Ken Sena continued saying: “As we look back historically, we find the use of capital leases in place of standard Capex has steadily grown – from one-third of total capital investment (Capex + PP&E Acq. under Capital Leases) in 1Q13 ($340m) to over one-half in 1Q15 ($954m). While we understand the rationale here, as Amazon takes advantage of a low interest rate environment, it nevertheless masks the true capital intensity of the business when considering standard FCF measures as cash payments are spread out and flow through financing activities (as opposed to Capex through investing activities) on the C/F.”

      


  • Long-Time Saudi Arabia Bull John Burbank Weighs In On The Opening Of Saudi's Market

    For the first time foreigners can directly buy and sell Saudi stocks.


    Passport Capital (John Burbank (Trades, Portfolio)) has been invested in Saudi Arabia since 2009.

      


  • John Burbank Sells Banking Stakes in First Quarter

    John Burbank (Trades, Portfolio) became interested in emerging markets while teaching English in China after completing his undergraduate studies at Duke University. His experience abroad was a primary reason for founding global investment firm Passport Capital LLC in 2000; much of his first-quarter 2015 activity, however, involved not buying stocks (although he did his share of that) but selling them, and many of his sales were holdings in financial institutions.


    Burbank sold more than 50 stakes in the first quarter. The sale with the greatest impact on his portfolio was the sale of his 1,720,982-share stake in iShares Barclays 20+ Yr Treas. Bond (ETF) [TLT]. Burbank received an average price of $129.99 per share. The transaction had a -5.5% impact on Burbank’s portfolio.

      


  • John Burbank's Most Heavily Weighted Trades In Q1 2015

    John Burbank is the chief investment officer of Passport Capital LLC, the global investment firm he founded in 2000. Burbank studied English at Duke University, and taught English in China after college, where he developed his interest in emerging markets.


    The hedge fund has a total value of $3,814 million and is composed of 178 stocks. During the last quarter (2015 Q1) he bought 96 new stocks and closed many other trades, and the following ones are the ones with the bigger impact on his portfolio.

      


  • John Burbank Buys Kroger

    John Burbank (Trades, Portfolio) is the chief investment officer of Passport Capital LLC, the global investment firm he founded in 2000. The firm now manages a portfolio worth more than $3.5 billion. The San Francisco-based firm employs top-down macroeconomic to achieve risk-adjusted returns. Last quarter, he initiated a position in Kroger (NYSE:KR) by buying 839,643 shares.


    Burbank is not alone in his bullish opinion on the company. Analyst opinion is overwhelmingly positive on Kroger's stock, with 14 of the 20 analysts covering the stock rating it as buy or strong buy. The company is firing on all cylinders. Back in October 2012, the company first outlined its growth plans that included four key performance indicators: positive identical store supermarket sales growth, slightly expanding non-fuel FIFO operating margin, growing return on invested capital and annual market share growth. In 2014, the company met or exceeded each of these metrics. At the end of the last year, the company achieved its 45th consecutive quarter of positive identical supermarket sales growth (ex. fuel). The company also expanded its FIFO operating margins (ex-fuel) and improved return on invested capital even as it increased its capital expenditure.

      


  • John Burbank Buys United Technologies

    John Burbank (Trades, Portfolio) is the chief investment officer of Passport Capital LLC, the global investment firm he founded in 2000. The firm now manages a portfolio worth more than $3.5 billion. The San Francisco-based firm employs top-down macroeconomic to achieve risk-adjusted returns. Last quarter, he initiated a position in United Technologies Corporation (NYSE:UTX) by buying 100,000 shares. The following chart shows his holding history in the company.


      


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