John Griffin

Last Update: 2014-02-14

Number of Stocks: 54
Number of New Stocks: 12

Total Value: $9,710 Mil
Q/Q Turnover: 18%

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

John Griffin Watch

  • Hertz: The Higher the Profits, the Larger the Debt

    Over the past few weeks I have been watching the developments of the car equipment and rental industry and one company I think is very interesting to analyze is Hertz Global Holdings Inc. (HTZ). While there are many different factors to look at and consider when investing, in the article below I will look at the debt side of the company. I will analyze its total debt, total liabilities, debt ratios and what analyst and other top investors believe about this company. From this analysis we should get an idea of the company’s leverage and how much to expect in return for a long term investment.


    This company has been through its fair shares of ups and downs in the past, and despite growth never being a problem, shareholders are currently arguing over management’s future strategy. While the Dollar Thrifty acquisition helped earn the firm more pricing power, and location openings, as well as airline traffic growth added on to 2013’s top line growth, some concerns remain. On the one hand, Hertz is still trailing behind the privately held rival Avis, making shareholders uneasy. Also, the company’s equipment rental business is very capital intensive, requiring a lot of inventory, in addition to the large investments necessary in order to maintain the total 670,000 car fleet. So, while profits grow, debt levels do too, as the company must constantly reinvest its earnings.

      


  • Blue Ridge Capital’s Portfolio Review - Lowest P/E Stocks

    John Griffin once gave investors the sage advice to build the ark on their sunny days. A legendary value-oriented investor, John Griffin is the president of Blue Ridge Capital, an investment partnership that he founded in 1996. Griffin is also the founder and trustee of Blue Ridge Foundation New York. Prior to founding Blue Ridge Capital, Guru Griffin was president of Tiger Management, and a protégé of Tiger Management’s Julian Robertson. Early on, Griffin was a financial analyst for Morgan Stanley Merchant Banking Group. An active philanthropist, John Griffin also serves on the boards of iMentor (founding chair), Robin Hood Foundation and Robertson Foundation, and is a past board member of the Michael J. Fox Foundation, among others.


    Blue Ridge Capital uses a long-short portfolio strategy, but generally runs net long. Longs may decline but they will bounce back based on the inherent strength of the businesses; shorts balance the portfolio because they can zero out in a poor market. In other words, the firm targets absolute returns by investing in companies that dominate their industries and short-selling the ones with fundamental problems. The firm employs fundamental analysis to make its investments, looking for companies that have competitive advantages.

      


  • John Griffin’s Top Sells - KORS Revenue Up

    As of the third quarter, the updated portfolio of John Griffin of Blue Ridge Capital lists 50 stocks, seven of them new, a total value at $8.36 billion, and a quarter-over-quarter turnover of 10%. The portfolio is currently weighted with top three sectors: consumer cyclical at 31.4%, healthcare at 14.3% and financial services at 13.5%. The stocks bought by Griffin averaged a return of 25.4% over 12 months.

    John Griffin’s high-impact third quarter sell outs include Michael Kors Holdings Ltd. (KORS), the luxury lifestyle brand. Griffin sold out KORS after making six quarters of double-digit gains. Michael Kors Holdings reported a total revenue increase of 38.9% for the second quarter of its fiscal 2014, coming in at $740.3 million, up from $532.9 million in the same quarter a year ago.  


  • Blue Ridge Capital Buys Charter Communications, American Homes 4 Rent, Tesla Motors, Sells Owens-Corning, Equinix, Realogy Holdings

    Hedge fund Blue Ridge Capital just reported its third quarter portfolio. The fund is run by John Griffin, who was the right hand man of the legendary hedge fund giant Julian Robertson. Blue Ridge seeks absolute returns by investing in companies who dominate their industries and shorting the companies who have fundamental problems. The firm employs fundamental analysis to make its investments.

    John Griffin buys Charter Communications Inc, American Homes 4 Rent, Tesla Motors, Inc., E*Trade Financial Corp, Gap, Inc., Avis Budget Group Inc, Tenet Healthcare Corp, etc during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Blue Ridge Capital.  


  • Unsinkable Molycorp Inc. - 52-Week Low for Rare Earth MCP

    The GuruFocus 52-week low screener reveals that the rare earth and metals company Molycorp Inc. (MCP) is at a 52-week low of $5.30 (high was $35.79). According to the GuruFocus Value Screen for 52-week lows, MCP is 85.2% off its high. But top investor Gurus, John Griffin and Steven Cohen appear to be holding on, and Molycorp’s insider traders were busy in February.

    Guru John Griffin is the largest Guru MCP stakeholder, with 2,864,700 shares as of the fourth quarter, when he made the new buy. With Griffin’s trading history, his MCP shows an average share price of $9.58, and a 47% loss. GuruFocus research shows that Molycorp Inc. (MCP) is down 85% over 12 months, off 49% since January. With a market cap of $1 billion, and a P/B ratio of 0.5, the company reported consolidated net revenues of $528.9 million during 2012, a 33% increase over the full year 2011. The company generated a gross profit of $17.3 million in 2012, as compared to $218.9 million during the prior year. According to the company, gross profit decreased as a result of significantly lower pricing and increased production costs, offset in part by increased volumes and the acquisition of Molycorp Canada in June 2012. The company also acquired a leading rare earth processor, Neo Material Technologies, for $1.3 billion (Canadian) in 2012.  


  • Blue Ridge Capital Responds to Workday Inc.’s Mid-October IPO, Almost 7% Ownership

    Guru investor John Griffin’s Blue Ridge Capital has introduced newly public business software company, Workday Inc. (WDAY) to its hedge fund portfolio on Oct. 18, according to Griffin’s recent 13G SEC filing.

    With an ownership of 6.87%, the transaction totaled to more than $96 million and a new shareholding of 1,798,000 shares. Each was purchased at $53.42 per share.  


  • John Griffin More than Doubles His Stake in Owens Corning

    John Griffin, president of hedge fund Blue Ridge Capital, has added more than 4.1 million shares to his holding of residential and commercial building material producer Owens Corning (OC), reported on Oct. 9 on GuruFocus Real Time Picks.

    Headquartered in Toledo, Ohio, Owens Corning operates facilities in more than 28 countries, producing such materials as fiberglass reinforcements, insulation, roofing and asphalt; the company made $5.3 billion in sales last year, according to its website.  


  • Latest Picks from Hedge Fund Blue Ridge Capital

    This is the latest portfolio update from hedge fund Blue Ridge Capital. Blue Ridge was founded by John Griffin, the protégé 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.]  


  • Top Buys in the Last Quarter from John Griffin

    John Griffin is the president of Blue Ridge Capital, an investment partnership that he founded in 1996. Mr. Griffin was known as legendary investor Julian Robertson's right hand man.

    He is also adjunct professor of finance at Columbia Business School and a visiting professor at the University of Virginia. He began his career as a financial analyst for Morgan Stanley Merchant Banking Group before moving on to Tiger Management, where he became president in 1993.  


  • Blue Ridge Capital Buys Netflix, Monsanto, Liberty Global, KKR, Sells Citrix Systems, Sandisk, Valeant Pharmaceuticals

    Hedge Fund Blue Ridge Capital is run by John Griffin, one of the Tiger cubs that are trained by the legendary Julian Robertson. John Griffin runs long-short strategies, has no positions in macro outlook as the long positions protects his portfolio in down market. There isn’t a lot of information online about Blue Ridge and John Griffin. The notes taken by our columnist Greg Speicher at the Darden Value Investing Conference is a very good read.

    As of 09/30/2011, Blue Ridge Capital owns 53 stocks with a total value of $4.9 billion. These are the details of the buys and sells.  


  • Hedge Fund Blue Ridge Capital Reports Second Quarter Picks

    John Griffin of hedge fund Blue Ridge Capital reported his Q2 portfolio. As of 06/30/2011, Blue Ridge Capital owns 57 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%.

    Blue Ridge Capital was founded by Mr. John Griffin, who was known as legendary investor Julian Robertson's right hand man. Mr. Griffin is adjunct professor of finance at Columbia Business School and a visiting professor at the University of Virginia. He began his career as a financial analyst for Morgan Stanley Merchant Banking Group before moving on to Tiger Management, where he became president in 1993.  


  • Hedge Fund Blue Ridge Capital Q1 Portfolio Update

    John Griffin of hedge fund Blue Ridge Capital reported his Q1 portfolio. As of 03/31/2011, Blue Ridge Capital owns 51 stocks with a total value of $5.9 billion. These are the details of the buys and sells.

    Blue Ridge Capital was founded by Mr. John Griffin, who was known as legendary investor Julian Robertson's right hand man. Mr. Griffin is adjunct professor of finance at Columbia Business School and a visiting professor at the University of Virginia. He began his career as a financial analyst for Morgan Stanley Merchant Banking Group before moving on to Tiger Management, where he became president in 1993.  


  • Hedge Fund Blue Ridge Capital Buys CVC, NRG, GM, NG, SOHU, HHC; Sells PFE, KR, MA, V, JCG, LULU

    John Griffin of hedge fund Blue Ridge Capital reported his Q4 portfolio. As of 12/31/2010, Blue Ridge Capital owns 54 stocks with a total value of $6.6 billion. These are the details of the buys and sells.

    Blue Ridge Capital was founded by Mr. John Griffin, who was known as legendary investor Julian Robertson's right hand man. Mr. Griffin is adjunct professor of finance at Columbia Business School and a visiting professor at the University of Virginia. He began his career as a financial analyst for Morgan Stanley Merchant Banking Group before moving on to Tiger Management, where he became president in 1993.  


  • Hedge Fund Blue Ridge Capital Buys BP, NFLX, GS, RRC, ESRX Sells MCD, GOOG, AAPL

    John Griffin of Blue Ridge Capital reported his third quarter portfolio. This are the details.

    John Griffin learned his investing strategy from legendary hedge fund manager Julian Robertson. His fund lost only about 8% in 2008. Similar to his mentor Mr. Robertson, Blue Ridge runs a long-short portfolio. For the long positions the firm focuses on the companies that can produce a superior return over a three to five-year time period. For short positions it focuses the stocks that will underperform, or “not make it”, over a one to two year period. The likely reason their shorts work: the underlying companies fail in a poor economic environment. The portfolio 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.  


  • Hedge Funds Blue Ridge Capital Buys Liberty Global Inc., The Kroger Co., Pfizer Inc, Sells Apollo Group Inc., Boston Scientific Corp.

    Hedge Funds Blue Ridge Capital is run by the managers that are trained by the legendary Julian Robertson at Tiger Funds. The fund just its second quarter portfolio. These are the details of buys and sells.

    Blue Ridge Capital was founded by Mr. John Griffin, who was known as legendary investor Julian Robertson's right hand man. Mr. Griffin is adjunct professor of finance at Columbia Business School and a visiting professor at the University of Virginia. He began his career as a financial analyst for Morgan Stanley Merchant Banking Group before moving on to Tiger Management, where he became president in 1993.  


  • Hedge Fund Blue Ridge Capital Buys Google Inc., CIT Group Inc., Citrix Systems Inc., Sells Berkshire Hathaway Inc., Equinix Inc., Pfizer Inc.

    Hedge Fund Blue Ridge Capital is run by John Griffin, one of the Tiger cubs that are trained by the legendary Julian Robertson. John Griffin runs long-short strategies, has no positions in macro outlook as the long positions protects his portfolio in down market. There isn’t a lot of information online about Blue Ridge and John Griffin. The notes taken by our columnist Greg Speicher at the Darden Value Investing Conference is a very good read.

    John Griffin buys Google Inc., Cit Group Inc., Citrix Systems Inc., General Growth Properties Inc, Morgan Stanley, Boston Scientific Corp., Nvr Inc, Apollo Group Inc., Banco Santander Brasil Sa, sells Berkshire Hathaway Inc., Equinix Inc., First Niagara Financial Group Inc., Petrohawk Energy Corp., Pfizer Inc, Redwood Trust Inc., Charles Schwab Corp., Washington Federal Inc. during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Blue Ridge Capital. John Griffin owns 46 stocks with a total value of $6.1 billion. These are the details of the buys and sells.  


  • Hedge Fund Blue Ridge Capital Buys McDonald's Corp., Green Mountain Coffee Roasters Inc., Charles Schwab Corp., Sells Whole Foods Market Inc., Exterran Holdings Inc., Palm Inc.

    John Griffin of Blue Ridge Capital just reported his 4th quarter portfolio. Mr. Griffin learned value investing from the legendary Julian Robertson at Tiger Funds. He runs long-short funds, in which he may long the high quality companies while short the low quality ones. As of Dec. 31, 2009, Mr. John Griffin owns 45 stocks with a total value of $5.3 billion. These are the details of the buys and sells.

    For the details of John Griffin's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=John+Griffin  


  • Blue Ridge Capital Buys JPMorgan Chase & Co., Equinix Inc., Dollar Tree, Inc., Sells Newmont Mining Corp., Wells Fargo & Company, Agnicoeagle Mines Ltd.

    John Griffin is a highly regarded and successful value oriented hedge-fund manager, Julian Robertson's right hand man.

    This is the portfolio update of Blue Ridge Capital. John Griffin owns 38 stocks with a total value of $4.4 billion. These are the details of the buys and sells.  


  • John Griffin Buys Pfizer Inc, CME Group Inc Cl A, Scheringplough Corp., Sells Amgen Inc., Vimpel Communications, Target Corp.

    John Griffin was known as legendary investor Julian Robertson's right hand man. He is well respected for his value approach. This is the buys and sells of Griffin's Q2 portfolio. Blue Ridge Capital. John Griffin owns 48 stocks with a total value of $3.9 billion.

    John Griffin buys Pfizer Inc, Cme Group Inc Cl A, Scheringplough Corp., The Western Union Company, State Street Corp., Ishares Silver Trust, Express Scripts Inc., Partnerre Ltd., Vmware Inc., Palm Inc., Interoil Corp., Wells Fargo & Company, Redwood Trust Inc., American Capital, Ltd., sells Amgen Inc., Vimpel Communications, Target Corp., Packaging Corp. Of America, Petroleo Brasileiro S.a.petrobras, Ishares Trust - Nasdaq Biotechnology Index, Google Inc., General Growth Properties Inc, Goodrich Petroleum Corp., Fomento Economico Mexicano S.a.b. De C.v, Devon Energy Corp., Dell Inc., Calpine Corp, Anadarko Petroleum Corp., Vornado Realty Trust during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Blue Ridge Capital. John Griffin owns 48 stocks with a total value of $3.9 billion. These are the details of the buys and sells.  


  • John Griffin at the Darden Value Investing Conference

    When I was at Columbia attending the Executive Value Investing Course, several times Bruce Greenwald mentioned the name John Griffin as someone we should pay attention to. Griffin is a highly regarded and successful value oriented hedge-fund manager. Here is his bio from the Gurufocus website:

    "John Griffin is the president of Blue Ridge Capital, an investment partnership that he founded in 1996. Mr. Griffin was known as legendary investor Julian Robertson's right hand man. He and a few others are named as Tiger Cubs as they worked with Julian Robertson at Tiger Funds. Mr. Griffin is adjunct professor of finance at Columbia Business School and a visiting professor at the University of Virginia. He began his career as a financial analyst for Morgan Stanley Merchant Banking Group before moving on to Tiger Management, where he became president in 1993.  


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