John Griffin

Last Update: 05-15-2015

Number of Stocks: 47
Number of New Stocks: 5

Total Value: $8,773 Mil
Q/Q Turnover: 11%

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

John Griffin Watch

  • Weekly CEO Buys Highlight: APD, MDAS, PNNT, MDU, SRV

    According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:


    Air Products & Chemicals Inc (APD): Chairman, President and CEO Seifi Ghasemi bought 27,000 shares

      


  • Why Hedge Fund Titans Like Delta Airlines (DAL)

    With crude prices declining, many investors are getting interested in airline stocks. Delta Airlines (DAL), in particular, has seen many big name investors like Daniel Loeb (Trades, Portfolio), Julian Robertson (Trades, Portfolio), John Griffin (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Ken Heebner (Trades, Portfolio) and Whitney Tilson (Trades, Portfolio), buying its shares last quarter. The company's stock price has gained ~300% since the beginning of 2013, but its relative valuation is still one of the lowest among all S&P Industrial companies (see graph below).


    Delta's Relative Valuation versus S&P industrials

      


  • 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.

      


  • A Far-Larger Hospital and a Far-Larger Stock Position

    On Dec.23, Larry Robbins added Tenet Healthcare Corp. (THC). It was the third time he added the stock during this month, which makes me feel that he is betting in favor of a positive future for hospitals benefiting from the implementation of the health care reform.


    Acquisition of Nashville-Based Vanguard Health Systems

      


  • 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.  


  • 5-Year Lows: ARMOUR Residential REIT Inc., CVR Partners LP, Molycorp Inc., QR Energy LP

    According to GuruFocus list of five-year lows, these Guru stocks have reached their five-year lows: ARMOUR Residential REIT Inc., CVR Partners LP, Molycorp Inc. and QR Energy LP.

    ARMOUR Residential REIT Inc. (ARR) Reached the Five-Year Low of $4.08  


  • Paul Tudor Jones Doesn't Think Women with Children Have the Ability Focus Intensely Enough to Trade

    The University of Virginia held symposium in last month that featured Paul Tudor of Tudor Investment Corporation, Julian Robertson of Tiger Management and John Griffin of Blue Ridge Capital.

    The question was posed as to why the panel included only rich, white, middle aged men.  


  • 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.  


  • Guru Stocks at 52-Week Lows: AMX, AMOV, BIDU, ABX, GG

    According to the GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows.

    America Movil, S.A.B. de C.V. (AMX) Reached 52-Week Low of $18.66  


  • 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.  


  • Weekly Guru Bargains Highlights: HPQ, ALEX, NFLX, EDU, MCP

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

    Hewlett-Packard Company (HPQ): Down 23% Since Michael Price Bought in the Quarter Ended on 2012-06-30  


  • 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.]  


  • Weekly Guru Bargains Highlights: UPL, YNDX, NFX, AUQ, CEL

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

    Ultra Petroleum Corp. (UPL): Down 38% Since Ruane Cunniff Bought In the Quarter Ended on 2011-09-30  


  • 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.  


  • Google: A Quality Tech Stock That Gurus Own

    Google (GOOG), the Internet search engine, is generating revenue with only the users’ clicks or the advertising related to their searches. Indeed, this activity represents 80% of its revenues. The remaining revenue is driven by advertising that Google places in other companies' websites, and by smaller initiatives.

    Furthermore, the last thing Google has done is to launch its music store which consists of a music download store and a cloud-based digital locker to store music.  


  • Stocks You Can Buy Cheaper Than Michael Price, John Griffin and Lee Ainslie

    All hedge funds managers make mistakes. Even the best value managers could be prone to errors in valuation or could ignore big trends that could make their positions suffer big losses.

    I think that it could be a big opportunity to buy stocks at much cheaper valuations than super-value managers did. Of course, all these stocks deserve careful research before making the purchase. For example, In the beginning of 2009, I started to see that Gurus started accumulating tech stocks, even though they were going down in price. That was the starting point for me to analyze that the technological sector was ridiculously cheap in 2009, so I started buying MSFT, AAPL, QQQ, etc. I am analyzing four stocks at this moment from well respected managers that got my attention:  


  • Weekly CEO Buys Highlight: PNK, TAT, VITC, SUNS, KRO

    According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

    Pinnacle Entertainment Inc. (PNK): President and CEO Anthony Michael Sanfilippo Bought 91,250 Shares  


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