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The Top ETFs Found in Guru Portfolios
Posted by: Dianne Tordillo (IP Logged)
Date: November 21, 2012 05:03PM
The following ETFs obtained the most purchase activities by Guru investors in the third quarter, according to the GuruFocus ETF Screener.
SPDR S&P 500 ETF (SPY)
There were a total of 10 investor purchases of SPDR S&P 500 ETF (SPY) reported in the third quarter. Gurus such as Jeremy Grantham, Tom Russo, John Burbank, Leon Cooperman, David Tepper, Richard Perry and Louis Moore Bacon all reported the fund as a new buy.
Steven Cohen added to his existing stake of SPDR by 105.77 percent, while Jim Chanos added to his stake 71.13 percent and Ray Dalio by a mere 0.8 percent.
Designed to capture the price performance of the 500 stocks in the S&P 500 index, the SPDR fund currently pays out a dividend yield of 2.1 percent and trades at the price of $139.52 per share. It has a market cap of about $108 billion.
Its top five holdings are Apple Inc. (AAPL), Exxon Mobil Corp. (XOM), General Electric Co. (GE), Chevron Corp. (CVX) and International Business Machines Corp. (IBM).
MSCI Emerging Markets Index ETF (EEM)
Six Gurus added to their existing stake of MSCI Emerging Markets Index Fund (EEM) in the third quarter.
The largest add percentage among the six would be Louis Moore Bacon who magnified his stake of the fund by 17,600 percent, which represents 7.8 percent of his portfolio, one of his top holdings.
Second in line was Paul Tudor Jones, who increased his stake by 9,571.95 percent, which represents 6.9 percent of his portfolio, also one of his top holdings.
Steven Cohen added to his MSCI fund shares by 222 percent, while Jim Chanos, Ray Dalio and Jim Simons increased their stake of the ETF by 41, 4.97 and 72.37 percent, respectively.
MSCI focuses on the publicly traded securities of emerging markets, and has incurred a total return of 20.21 percent in a one-year period as of the quarter ending Sept. 30. With a market cap of $36.19 billion, MSCI trades at $40.99 per share.
Its top five holdings are Samsung Electronics Co. Ltd. (SSNHY), Taiwan Semiconductor Manufacturing (TSM), China Mobile Ltd. (CHL), China Construction Bank Corp. (CICHY) and Gazprom Neft (GZPFY).
Market Vectors Gold Miners ETF (GDX)
In the third quarter, Gurus Steven Cohen and John Keeley reported the fund as new buys to their portfolio.
George Soros added to his current stake by 132.5 percent, while Pioneer Investments increased its shares by 77.81 percent and Julian Robertson added to his stake by 37.06 percent.
Market Vectors, under its parent company, hard assets specialist Van Eck Global, offers a slew of ETFs, from hard assets, international and industry ETFs, to corporate bonds and municipal income, to name a few. GDX is Market Vectors’ Gold Miners ETF, and currently trades at $48.08, with AUM of about $9.4 billion.
GDX’s top five holdings are Barrick Gold (ABX), Goldcorp Inc. (GG), Newmont Mining (NEM), Yamana Gold Inc. (AUY) and Agnico-Eagle Mines (AEM).
Russell 2000 Index ETF (IWM)
In the third quarter, six Gurus purchased shares of the Russell 2000 Index ETF (IWM), four of which reported the fund as a new buy: Zeke Ashton, Louis Bacon Moore, John Burbank and George Soros.
The two Gurus who added to their Russell 2000 ETF stake were Jim Chanos, who increased his by 87.5 percent and Steven Cohen, who increased his by 750.41 percent.
The Russell 2000 Index fund targets the small capitalization sector of the U.S. equity market and has an expense ratio of 0.23 percent. With a market cap of $15.95 billion, it has a trade price of $79.55 per share.
Its top five holdings are: Ocwen Financial Corp. (OCN), Genesee & Wyoming Inc. (GWR), Starwood Property Trust Inc. (STWD), Two Harbors Investment Corp. (TWO) and Alaska Air Group Inc. (ALK).
About GuruFocus ETF Screener
With the GuruFocus ETF Screener Premium Feature, members are able to sort through a generous list of exchange-traded funds, using various screens containing ETF categories such as bear market, bond, broad market, commodity, currency, international, industry, and specialty, to name a few. The feature also allows users to see how many Gurus bought or sold the ETF in the latest quarter.
GuruFocus’ long list of Premium Membership perks provides many opportunities to follow your favorite Gurus more closely. If you are not a Premium Member yet, we invite you for a 7-Day Free Trial.
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