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Stocks Julian Robertson and Tiger Cub Chase Coleman Own in Common
Posted by: guruhl (IP Logged)
Date: June 1, 2012 05:11PM
GuruFocus’ Aggregated Portfolio Screener can show what stocks are owned by several investors in common. This is particularly useful for finding stocks that investors with similar strategies are both finding attractive, such as Warren Buffett and Prem Watsa, or Julian Robertson and his mentee, Chase Coleman.
Julian Robertson, recognized as the founder of the hedge fund, groomed many protégées in his style of investing, which have been dubbed “Tiger Cubs,” after his fund, Tiger Management. Chase Coleman is a Tiger Cub who went on to found hedge fund Tiger Global Management. These are the largest stocks he and his former boss own in common as of the first quarter of 2012: Apple Inc. (AAPL), MasterCard (MA), Liberty Global (LBTYA) and Visa (V).
Apple Inc. (AAPL)
Julian Robertson owns 88,690 shares of AAPL, valued as $53 million as of March 31, 2012, which accounts for 15.1% of his equity portfolio. Chase Coleman owns 1,225,000 shares of AAPL, valued as $734 million as of March 31, 2012, which accounts for 12.4% of his equity portfolio.
Apple Computer Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer and business customers. David Einhorn just called this company, “one of the most misunderstood stocks in the market.” He believes it is a software company whose value comes from “iOS, the App store, iTunes and iCloud.” Read more of Einhorn’s thoughts on Apple here.
Apple Inc has a market cap of $524.26 billion; its shares were traded at around $561.18 with a P/E ratio of 13.7 and P/S ratio of 4.8. Apple Inc had an annual average earnings growth of 63.5% over the past 5 years.
Visa Inc. (V)
Julian Robertson owns 169,552 shares of V, valued as $20 million as of March 31, 2012, which accounts for 5.7% of his equity portfolio. Chase Coleman owns 2,705,000 shares of V, valued as $319 million as of March 31, 2012, which accounts for 5.4% of his equity portfolio.
Chase Coleman sold some of his holding in the first quarter when the price increased to an average of $111 after having accumulated shares the previous several quarters at lower prices. Julian Robertson did the opposite – buying shares at the higher price after selling over the past several quarters. Visa’s stock price has gone up almost 42 percent in the last year.
Visa operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands.
Visa Inc. has a market cap of $97.16 billion; its shares were traded at around $112.27 with a P/E ratio of 21.2 and P/S ratio of 10.6. The dividend yield of Visa Inc. stocks is 0.7%.
Julian Robertson owns 52,994 shares of MA, valued as $22 million as of March 31, 2012, which accounts for 6.3% of his equity portfolio. Chase Coleman owns 741,000 shares of MA, valued as $312 million as of March 31, 2012, which accounts for 5.2% of his equity portfolio.
MasterCard Inc. advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide.
Similar to Visa, MasterCard’s price has gone up almost 40 percent in the last year, but new regulations have impacted both of them companies and caused their shares to decline. The regulations apply to how the companies handle debit transactions, and are therefore expected to have a bigger effect on Visa, according to Dow Jones.
Ajay Banga, chief executive of MasterCard, announced that credit care volumes between April and late May had rose in the U.S. and internationally, including in Europe.
MasterCard Inc has a market cap of $52.32 billion; its shares were traded at around $392.25 with a P/E ratio of 20.9 and P/S ratio of 7.8. The dividend yield of MasterCard Inc stocks is 0.3%.
Liberty Global (LBTYA)
Julian Robertson owns 407,595 shares of LBTYA, valued as $20 million as of March 31, 2012, which accounts for 5.8% of his equity portfolio. Chase Coleman owns 8,075,000 shares of LBTYA, valued as $404 million as of March 31, 2012, which accounts for 6.8% of his equity portfolio.
Liberty Global is the largest cable company outside the U.S. and owns interests primarily in broadband distribution and content companies operating outside the continental U.S.
Liberty Global has a market cap of $12.91 billion; its shares were traded at around $45.2 with a P/E ratio of 72.8 and P/S ratio of 1.4. Liberty Global had an annual average earnings growth of 22.4% over the past five years.
In the first quarter, Liberty Global had a loss due to higher derivative losses, while consolidated revenue increased by 12 percent year over year, primarily due to its acquisitions DBW and Aster and organic revenue growth, its highest growth since the third quarter of 2010. The company also had record subscriber growth.
The quarter’s results included for the first time KBW in Germany, and its Unitymedia, which is the fastest-growing cable asset in German. The company is trying to integrate both businesses and take advantage of the growth opportunity in Germany.
Liberty Global had at March 31, 2012, $25.2 billion in total debt and cash and cash equivalents of $1.7 billion, similar to its position last year. It also expects to receive approximately $1.1 billion in cash from the disposition of its Austar interest.
See Chase Coleman’s portfolio here or Julian Roberson’s portfolio here. To check the consensus holdings of any combination of your favorite Gurus, please go to Aggregated Portfolio of Gurus. This is one of the features that GuruFocus offers to Premium Members of GuruFocus. If you are not a Premium Member, why not Take a 7-Day Free Trial?
Guru Discussed: Julian Robertson: Current Portfolio, Stock Picks
Chase Coleman: Current Portfolio, Stock Picks
Stocks Discussed: AAPL, MA, LBTYA, V,