Larry Robbins

Last Update: 2014-02-14

Number of Stocks: 67
Number of New Stocks: 7

Total Value: $13,962 Mil
Q/Q Turnover: 16%

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

Larry Robbins Watch

  • Glenview Capital on John Malone

    There are, of course, substantial winners and losers from 2008, but those are best measured over the course of the past five years. While many will point to hedge fund managers who were short mortgages, financials or the market over this period, we believe the biggest winner has been John Malone, the cable and media entrepreneur who maintained investment composure throughout the period. John Malone entered 2008 with a net worth of $1.7 billion, and now, according to Forbes, has a net worth of $7.5 billion. How did he do it? Firms that he owns and functionally controls were the only firms who consistently repurchased undervalued stock through the decline, and acted like owners while others acted like traders. We do not believe his fortune was simply the result of good fortune – he chose to invest in a highly stable and defensive industry, and he remained true to his investment principles during a confusing and difficult period.


    Source: ValueWalk

      


  • Top-Returning Manager Larry Robbins' Stocks at 52-Week Lows

    The market may have soared, but the average hedge fund returned only 7.4% in 2013. Meanwhile, Larry Robbins (Trades, Portfolio)’ Glenview Capital did multiple laps around them, with his $1.8 billion Glenview Capital Opportunity Fund return more than 100% over the year, to become the top-performing hedge fund.  


    Glenview, which Robbins founded in 2001, manages approximately $7.4 billion in assets and focuses on fundamental research and individual security selection. In explaining his funds’ incredible year, Robbins told Bloomberg that his teams’ long-term focus drove the returns. His portfolio for 2014 is positioned as follows:

      


  • Glenview's Larry Robbins Explains How Long-Term Stock Picking Drove 100% Returns in 2013

    Every once in a while the financial networks give us a break from the usual fast talking heads who are willing to predict what a stock is going to do over the next four hours.

    Today Bloomberg gave viewers a treat by having Glenview's Larry Robbins (Trades, Portfolio) on for an extended interview.

    Robbins is coming off an incredible 2013 with his fund up over 100%.

    How did he do it?  Long term investing.

    His fund has held its twenty largest holdings for at least for years on average.

    Enjoy the interview:

     

      


  • King of Consistency - Larry Robbins’ High Conviction Stocks in Review

    To ring in the New Year, here’s inspiration from hedge fund hotshot Larry Robbins who once said: “Consistency of effort often makes the difference between who wins and who loses …We know that the key is to realize that on January 1st, when the sheet reads zero point zero, we have to remember that it’s not about what you did before, but about that persistence and continuity of work effort.”


    The New Yorker has described the vocal Guru Larry Robbins, founder, portfolio manager and CEO of Glenview Capital Management, as a “hotshot who utilizes a variety of strategies.” Over his investing career, Robbins has mentioned the value of consistency as the differentiator between winners and losers. The former hockey player also values the holistic approach, saying, “I grew up in the Midwest as a student and a hockey player. Playing hockey, you quickly learn that it is a team sport where everybody is good and that you need to work hard, and you need to work hard throughout the whole game.”

      


  • Larry Robbins Ups Holdings in Health Care Company

    Yesterday GuruFocus Real Time Picks reported two guru buys coming from Larry Robbins into the company Tenet Healthcare (THC). The guru made these two buys on two different days over the past week.


    On Dec. 18 Robbins upped his stake in Tenet by 10.25%. The guru added 1 million shares to his holdings at an average price of $40.92 per share. Since his buy, the price per share is trading at about -3% lower at $39.81 per share.

      


  • Glenview Capital - Larry Robbins in Real Time and Review

    Here’s an update on the third quarter 2013 sells made by Larry Robbins of Glenview Capital. The Glenview Capital portfolio currently lists 65 stocks and a total value of $11.8 billion with a quarter-over-quarter turnover of 17%. Guru Robbins has bought 13 new stocks, as of the Nov. 14, 2013 update. His average return over 12 months is 25.37%.

    These are Larry Robbins’s highest impact sells and one real-time reduction of Tenet Healthcare Corp. (THC), recently reported by GuruFocus Real Time Picks. Tenet Healthcare Corp. reported its third quarter net operating revenue of $2.04 billion, increased by 8.4% over the same quarter last year. Tenet’s earnings per diluted share were $0.45 for the third quarter of 2013, up from $0.33 for the same quarter of 2012.  


  • Glenview Capital's Larry Robbins - Full 13-Page Letter to HMA Shareholders Seeking Board Removal



  • Glenview Capital's Larry Robbins Explains Why He Wants HMA's Board Removed

    Glenview Capital's Larry Robbins has an excellent long-term track record. That track record is mainly the result of passive investments.  


  • First Quarter Sells - Larry Robbins Unloads Large Positions

    Guru Larry Robbins of Glenview Capital Management, the vocal activist investor, did some major selling as of March 31, 2013. Robbins unloaded some concentrated bets like long-held Hewlett-Packard Co. (HPQ) for 2.9 million shares, Cardinal Health Inc. (CAH) for 3.4 million shares and Sirius XM Radio Inc. (SIRI) for 10 million shares. Here are Glenview Capital's first quarter 2013 sell out details:

    Sold Out: Cardinal Health Inc. (CAH) – Medical Distribution
      


  • Larry Robbins Increases LifePoint Stake to 6.7% Ahead of Earnings Announcement

    Larry Robbins added 32.64% to his holding of LifePoint Hospitals Inc. (LPNT) at the average price of $44.21 on Feb. 14, 2013, as reported by GuruFocus Real Time Picks. He now owns 3,186,280 shares, or 6.71% of the company. The stock price has changed by -3%. LifePoint Hospitals Inc., a Delaware corporation, acting through its subsidiaries, operates general acute care hospitals primarily in non-urban communities in the U.S.

    Robbins began buying LifePoint Hospitals shares in the first quarter of 2011 when the price was $37.32 per share on average.  


  • Robbins’ HMA Stake Just Keeps Getting Bigger

    Former trader at Leon Cooperman’s Omega Advisors, Larry Robbins, with his hedge fund, Glenview Capital, has reported its eleventh installment of increases to his stake in Health Management Associates (HMA), since purchasing the stock in 2011.

    Filed with the SEC yesterday, Robbins’ latest add maximizes his holding by 6.74 percent, according to GuruFocus Real Time Picks.  


  • HMA Stock Rises After False 60 Minutes Report, Glenview Capital Buys More Shares

    Guru investor Larry Robbins, along with his hedge fund Glenview Capital Management, has increased the fund’s stake in healthcare provider Health Management Associates (HMA) two separate times since the start of December, according to GuruFocus Real Time Picks.

    The share purchases came about two weeks after HMA issued a statement in regards to a report done by television program 60 Minutes, which claimed that HMA pressured patients into pursuing unneeded treatments to boost profits.  


  • Glenview’s Larry Robbins Declares 8.39% Ownership of Community Health Systems

    Larry Robbins, of New York-based Glenview Capital Management, has purchased more than 6 million shares of Community Health Systems Inc. (CYH) as of Nov. 13, according to GuruFocus Real Time Picks. The purchase makes him 8.39 percent owner of the company, and represents an increase of 368.41 percent.

    As one of Robbins’ new buys in the third quarter, Community Health Systems is one of 45 stocks in his $6.11 billion portfolio. With a market cap of $2.73 billion, Community Health Systems operates more than 135 general acute care hospitals in 29 U.S. states. The company is headquartered in Tennessee and has been publicly traded since June 9, 2000.  


  • Larry Robbins Grows in Tenet Healthcare Shares

    Glenview Capital’s Larry Robbins has increased his holding of Tenet Healthcare Corp. (THC) in the past six weeks with four separate purchases; his most recent purchase was reported Oct. 19, adding 200,000 shares to his previous holding, according to GuruFocus Real Time Picks.

    This places Robbins’ total holding of Tenet Healthcare to 56.5 million shares, boosting his ownership of the company to almost 15 percent.  


  • Larry Robbins' Top Conviction Picks - 'In Glenview, we like health care and industrial solid companies'

    Larry Robbins manages Glenview Capital Management, a hedge fund that comprises other two: Glenview Funds, a short fund and Little Arbor Funds, a multi-strategy fund.

    Larry Robbins is known in the investment sphere for betting on large-cap stocks. In addition, he is known for taking an activist role in terms of management, that is to say, he expresses his concerns on what management teams at some of his investments do and requires changes.  


  • Hedge Fund Glenview Capital Larry Robbins Buys BMC Software, HCA Holdings, Sealed Air, Sells Aetna Inc., Goodrich Corp., Apple Inc.

    Hedge fund Glenview Capital Management just reported its third quarter portfolio. The firm is founded by Larry Robbins. According to its shareholder, for the 10-year period ended on Dec. 31, 2010, Glenview Funds gained 301%, while the average hedge fund gained 71% and S&P500 gained just 15%. For the 5-year period ended in 2010, Glenview funds gained 122%, while S&P500 gained just 9% and the average hedge fund gained 18%.

    Larry Robins was proud that his firm can “continue to generate attractive risk adjusted returns”. Although he “remains constructive on the investment environment over the medium term supported by attractive valuations, excessive corporate liquidity and a growing economy”, Robbins broadened his short positions in REIS, cruise lines and other travel related equities, companies that derive a significant portion of their revenue from government and healthcare.  


  • Hedge Fund Glenview Capital Q1 Portfolio Update

    Hedge fund Glenview Capital Management just celebrated its tenth anniversary with stellar returns, according to the latest shareholder letter from its founder Larry Robbins. For the 10-year period ended on Dec. 31, 2010, Glenview Funds gained 301%, while the average hedge fund gained 71% and S&P500 gained just 15%. For the five-year period ended in 2010, Glenview funds gained 122%, while S&P500 gained just 9% and the average hedge fund gained 18%. As of 03/31/2011, Glenview Capital owns 57 stocks with a total value of $6.7 billion. These are the details of the buys and sells.

    Larry Robins is proud that his firm can “continue to generate attractive risk adjusted returns.” Although he “remains constructive on the investment environment over the medium term supported by attractive valuations, excessive corporate liquidity and a growing economy,” Robbins broadened his short positions in REIS, cruise lines and other travel related equities, companies that derive a significant portion of their revenue from government and healthcare.  


  • Hedge Fund Glenview Capital’s Larry Robbins Keeps Buying MCK, LH, TYC, GR, CLWR

    Hedge fund Glenview Capital Management just celebrated its tenth anniversary with stellar returns, according to the latest shareholder from its founder Larry Robbins. For the 10-year period ended on Dec. 31, 2010, Glenview Funds gained 301%, while the average hedge fund gained 71% and S&P500 gained just 15%. For the 5-year period ended in 2010, Glenview funds gained 122%, while S&P500 gained just 9% and the average hedge fund gained 18%.

    Larry Robins is proud that his firm can “continue to generate attractive risk adjusted returns”. Although he “remains constructive on the investment environment over the medium term supported by attractive valuations, excessive corporate liquidity and a growing economy”, Robbins broadened his short positions in REIS, cruise lines and other travel related equities, companies that derive a significant portion of their revenue from government and healthcare.  


  • Glenview Capital Annual Letter Full of Investment Ideas

    This one is well worth the read.  


  • Larry Robbins on Heath Maintenance Organizations

    Before founding Glenview Institutional Partners in year 2000, Larry Robbins had worked for Leon Cooperman at Omega Advisors for 6 years. Currently, he manages about $7 billion, which is split between Glenview Funds, a short fund, and Little Arbor Funds, a multi-strategy fund. Robbins makes his returns making concentrated bets on large cap stocks. In addition, Robbins has been known to take a more activist approach to some of his large bets, voicing concerns about what management is doing and publicly demanding change.

    Robbins was featured in the latest issue of Columbia Business School’s Graham & Doddsville. Here is an excerpt with Robbins taking about the his thesis on Heath Maintenance Organizations:
      


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