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.
- New Purchases: DLTR, EQIX, GDX, JPM, PMT,
- Added Positions: ACAS, AMZN, BLK, CCI, ESRX, MON, PALM, PFE, RRC, SLV, WU,
- Reduced Positions: AAPL, BR, RNR,
- Sold Out: AEM, AUY, AXS, GG, HOG, NEM, NG, NOV, PRE, SCHW, STT, VALE, VMW, WFC,
This is the sector weightings of his portfolio:
| Financials
| 23.3%
|
| Technology
| 17.3%
|
| Industrials
| 16%
|
| Consumer Services
| 15.4%
|
| Health Care
| 12.2%
|
| Oil & Gas
| 8.9%
|
These are the top 5 holdings of
- Apple Inc. (AAPL) - 1,390,000 shares, 5.83% of the total portfolio
- JPMorgan Chase & Co. (JPM) - 5,800,000 shares, 5.75% of the total portfolio
- Pfizer Inc (PFE) - 15,155,000 shares, 5.68% of the total portfolio
- Amazon.com Inc. (AMZN) - 2,535,000 shares, 5.36% of the total portfolio
- The Western Union Company (WU) - 12,275,000 shares, 5.26% of the total portfolio
Added: The Western Union Company (WU)
John Griffin added to his holdings in The Western Union Company by 105.44%. His purchase prices were between $15.26 and $20.56, with an estimated average price of $18.06. The impact to his portfolio due to this purchase was 2.7%. His holdings were 12,275,000 shares as of 09/30/2009.Added: Express Scripts Inc. (ESRX)
John Griffin added to his holdings in Express Scripts Inc. by 147.37%. His purchase prices were between $64.72 and $79.29, with an estimated average price of $70.99. The impact to his portfolio due to this purchase was 2%. His holdings were 1,915,000 shares as of 09/30/2009.Express Scripts, Inc. is one of the largest pharmacy benefit management companies in North America. Through facilities in the states and Canada, the company serves thousands of client groups, including managed care organizations, insurance carriers, third-party administrators, employers and union-sponsored benefit plans. Express Scripts Inc. has a market cap of $23.64 billion; its shares were traded at around $86.13 with a P/E ratio of 25.5 and P/S ratio of 1.1. Express Scripts Inc. had an annual average earning growth of 32.8% over the past 10 years. GuruFocus rated Express Scripts Inc. the business predictability rank of 3.5-star.
Added: Crown Castle International Corp. (CCI)
John Griffin added to his holdings in Crown Castle International Corp. by 61.25%. His purchase prices were between $23.12 and $31.88, with an estimated average price of $27.71. The impact to his portfolio due to this purchase was 1.87%. His holdings were 6,933,750 shares as of 09/30/2009.Crown Castle International is a leading owner and operator of towers and transmission networks for wireless communications and broadcast transmission companies. The company has a market cap of $10.87 billion; its shares were traded at around $37.35 with and P/S ratio of 7.1. Crown Castle International Corp. had an annual average earning growth of 15% over the past 10 years.
Added: Range Resources Corp. (RRC)
John Griffin added to his holdings in Range Resources Corp. by 174.72%. His purchase prices were between $36.42 and $52.37, with an estimated average price of $46.71. The impact to his portfolio due to this purchase was 1.74%. His holdings were 2,445,000 shares as of 09/30/2009.Range Resources Corp. acquires, develops, and finances oil and gas properties in the U.S. They seek to build value primarily through lower-risk development drilling and acquisitions while to a lesser degree pursuing higher risk exploitation and exploration projects on their extensive inventory of undeveloped acreage. Range Resources Corp. has a market cap of $7.45 billion; its shares were traded at around $47.4 with a P/E ratio of 67.7 and P/S ratio of 5.6. The dividend yield of Range Resources Corp. stocks is 0.3%. Range Resources Corp. had an annual average earning growth of 4.1% over the past 10 years.
Added: Monsanto Company (MON)
John Griffin added to his holdings in Monsanto Company by 97.25%. His purchase prices were between $71.34 and $86.22, with an estimated average price of $80.22. The impact to his portfolio due to this purchase was 1.55%. His holdings were 1,795,000 shares as of 09/30/2009.Monsanto is a leading global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. It has a market cap of $43.59 billion; its shares were traded at around $79.98 with a P/E ratio of 18.1 and P/S ratio of 3.7. The dividend yield of Monsanto Company stocks is 1.4%. Monsanto Company had an annual average earning growth of 30.7% over the past 5 years.
Added: Ishares Silver Trust (SLV)
John Griffin added to his holdings in Ishares Silver Trust by 95.92%. His purchase prices were between $12.5 and $16.95, with an estimated average price of $14.4. The impact to his portfolio due to this purchase was 1.45%. His holdings were 7,974,000 shares as of 09/30/2009.Ishares Silver Trust has a market cap of $23.1 million; its shares were traded at around $18.23 .
Added: Amazon.com Inc. (AMZN)
John Griffin added to his holdings in Amazon.com Inc. by 31.69%. His purchase prices were between $75.63 and $93.87, with an estimated average price of $84.63. The impact to his portfolio due to this purchase was 1.29%. His holdings were 2,535,000 shares as of 09/30/2009.Added: Pfizer Inc (PFE)
John Griffin added to his holdings in Pfizer Inc by 10.94%. His purchase prices were between $14.2 and $16.86, with an estimated average price of $15.95. The impact to his portfolio due to this purchase was 0.56%. His holdings were 15,155,000 shares as of 09/30/2009.Added: Palm Inc. (PALM)
John Griffin added to his holdings in Palm Inc. by 74.1%. His purchase prices were between $12.63 and $17.39, with an estimated average price of $14.62. The impact to his portfolio due to this purchase was 0.4%. His holdings were 2,377,775 shares as of 09/30/2009.Palm Inc. has a market cap of $1.98 billion; its shares were traded at around $12.17 with and P/S ratio of 2.7.
Added: Blackrock Inc. (BLK)
John Griffin added to his holdings in Blackrock Inc. by 10.39%. His purchase prices were between $161.39 and $214.12, with an estimated average price of $193.66. The impact to his portfolio due to this purchase was 0.39%. His holdings were 850,000 shares as of 09/30/2009.BlackRock, Inc. is one of the largest investment management firms in the United States. The company offers a variety of investment products toinstitutional and individual investors in the U.S. and internationally. The company also offers a variety of risk management services to large institutional fixed income investors. Blackrock Inc. has a market cap of $31.4 billion; its shares were traded at around $235.8 with a P/E ratio of 44.1 and P/S ratio of 6.2. The dividend yield of Blackrock Inc. stocks is 1.3%. Blackrock Inc. had an annual average earning growth of 20.2% over the past 10 years.
Added: American Capital, Ltd. (ACAS)
John Griffin added to his holdings in American Capital, Ltd. by 27.48%. His purchase prices were between $2.13 and $3.61, with an estimated average price of $2.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 686,279 shares as of 09/30/2009.AMERICAN CAPITAL STRATEGIES LTD. is the only private equity fund and the largest alternative asset management company in the S&P 500. American Capital, Ltd. has a market cap of $664.8 million; its shares were traded at around $3.08 with a P/E ratio of 4.3 and P/S ratio of 0.6.
New Purchase: JPMorgan Chase & Co. (JPM)
John Griffin initiated holdings in Jpmorgan Chase & Co.. His purchase prices were between $32.34 and $46.47, with an estimated average price of $40.41. The impact to his portfolio due to this purchase was 5.75%. His holdings were 5,800,000 shares as of 09/30/2009.J.P. Morgan Chase & Co. has a market cap of $170.6 billion; its shares were traded at around $43.38 with a P/E ratio of 40.5 and P/S ratio of 2.5. The dividend yield of Jpmorgan Chase & Co. stocks is 0.5%.
New Purchase: Market Vectors - Gold Miners Etf (GDX)
John Griffin initiated holdings in Market Vectors - Gold Miners Etf. His purchase prices were between $35.14 and $47.78, with an estimated average price of $40.44. The impact to his portfolio due to this purchase was 3.29%. His holdings were 3,210,000 shares as of 09/30/2009.Market Vectors - Gold Miners Etf has a market cap of $612.5 million; its shares were traded at around $50.99 . The dividend yield of Market Vectors - Gold Miners Etf stocks is 6.3%.
New Purchase: Dollar Tree, Inc. (DLTR)
John Griffin initiated holdings in Dollar Tree, Inc.. His purchase prices were between $40.59 and $51.13, with an estimated average price of $46.58. The impact to his portfolio due to this purchase was 2.38%. His holdings were 2,160,000 shares as of 09/30/2009.Dollar Tree Stores, Inc is an operator of discount variety stores offering merchandise at a fixed price point of $1.00 or less. Its stores successfully operate in major metropolitan areas, mid-sized cities and small towns and perform well in a variety of locations. Dollar Tree, Inc. has a market cap of $4.41 billion; its shares were traded at around $49.35 with a P/E ratio of 17 and P/S ratio of 0.9.
New Purchase: Equinix Inc. (EQIX)
John Griffin initiated holdings in Equinix Inc.. His purchase prices were between $67.19 and $93.8, with an estimated average price of $81.61. The impact to his portfolio due to this purchase was 1.1%. His holdings were 530,000 shares as of 09/30/2009.Equinix designs, builds and operates neutral Internet Business Exchangecenters where Internet businesses place their equipment and their network facilities in order to interconnect with each other. Equinix Inc. has a market cap of $3.72 billion; its shares were traded at around $96.4 with a P/E ratio of 65.2 and P/S ratio of 5.3.
New Purchase: Pennymac Mortgage Trust (PMT)
John Griffin initiated holdings in Pennymac Mortgage Trust. His purchase prices were between $18.8 and $19.95, with an estimated average price of $19.42. The impact to his portfolio due to this purchase was 0.71%. His holdings were 1,584,000 shares as of 09/30/2009.PennyMac Mortgage Investment Trust is a real estate investment trust. The Company operates as a specialty finance company that will invest primarily in residential mortgage loans and mortgage-related assets. PennyMac is managed by investment adviser PNMAC Capital Management and offers primary and special loan servicing through PennyMac Loan Services. Pennymac Mortgage Trust has a market cap of $296.8 million; its shares were traded at around $17.74 .
Reduced: Renaissancere Holdings Ltd. (RNR)
John Griffin reduced to his holdings in Renaissancere Holdings Ltd. by 75.3%. His sale prices were between $46.26 and $55.86, with an estimated average price of $51.61. The impact to his portfolio due to this sale was -0.17%. John Griffin still held 174,100 shares as of 09/30/2009.RENAISSANCERE Holdings Ltd. provides reinsurance and insurance coverage where the risk of natural catastrophe represents a significant component of the overall exposure. Renaissancere Holdings Ltd. has a market cap of $3.38 billion; its shares were traded at around $54.31 with a P/E ratio of 5.5 and P/S ratio of 2.8. The dividend yield of Renaissancere Holdings Ltd. stocks is 1.8%.
Reduced: Broadridge Financial Solutions Inc. (BR)
John Griffin reduced to his holdings in Broadridge Financial Solutions Inc. by 70.39%. His sale prices were between $15.47 and $21.81, with an estimated average price of $18.91. The impact to his portfolio due to this sale was -0.41%. John Griffin still held 1,283,600 shares as of 09/30/2009.Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge Financial Solutions Inc. has a market cap of $3.13 billion; its shares were traded at around $22.49 with a P/E ratio of 15.3 and P/S ratio of 1.5. The dividend yield of Broadridge Financial Solutions Inc. stocks is 2.4%.
Reduced: Apple Inc. (AAPL)
John Griffin reduced to his holdings in Apple Inc. by 31.19%. His sale prices were between $135.4 and $186.152, with an estimated average price of $163.75. The impact to his portfolio due to this sale was -1.82%. John Griffin still held 1,390,000 shares as of 09/30/2009.Sold Out: Yamana Gold Inc. (AUY)
John Griffin sold out his holdings in Yamana Gold Inc.. His sale prices were between $8.42 and $11.09, with an estimated average price of $9.53.Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. Yamana Gold Inc. has a market cap of $9.64 billion; its shares were traded at around $13.15 with a P/E ratio of 35.5 and P/S ratio of 9.2. The dividend yield of Yamana Gold Inc. stocks is 0.3%.
Sold Out: Axis Capital Holdings Ltd. (AXS)
John Griffin sold out his holdings in Axis Capital Holdings Ltd.. His sale prices were between $25.53 and $30.76, with an estimated average price of $28.76.AXIS Capital Holdings Limited is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance. Axis Capital Holdings Ltd. has a market cap of $4.17 billion; its shares were traded at around $29.32 with a P/E ratio of 6.9 and P/S ratio of 1.5. The dividend yield of Axis Capital Holdings Ltd. stocks is 2.7%. Axis Capital Holdings Ltd. had an annual average earning growth of 18.7% over the past 5 years.
Sold Out: Agnicoeagle Mines Ltd. (AEM)
John Griffin sold out his holdings in Agnicoeagle Mines Ltd.. His sale prices were between $49.11 and $70.24, with an estimated average price of $58.77.Agnico-Eagle Mines Limited is an established Canadian gold producer with operations located principally in northwestern Quebec and exploration and development activities in Quebec, Ontario and Nevada. Agnicoeagle Mines Ltd. has a market cap of $9.49 billion; its shares were traded at around $60.8 with a P/E ratio of 243.2 and P/S ratio of 28.6. The dividend yield of Agnicoeagle Mines Ltd. stocks is 0.3%. Agnicoeagle Mines Ltd. had an annual average earning growth of 85.8% over the past 5 years.
Sold Out: Goldcorp Inc. (GG)
John Griffin sold out his holdings in Goldcorp Inc.. His sale prices were between $32.93 and $42.12, with an estimated average price of $37.3.Goldcorp is a North American based gold producer engaged in exploration, extraction, and processing of gold. The company's primary asset and key value driver is its Red Lake Mine which is the largest producing gold mine in Canada. Goldcorp Inc. has a market cap of $32.07 billion; its shares were traded at around $43.83 with a P/E ratio of 67.4 and P/S ratio of 13.3. The dividend yield of Goldcorp Inc. stocks is 0.4%. Goldcorp Inc. had an annual average earning growth of 22.9% over the past 5 years.
Sold Out: Wells Fargo & Company (WFC)
John Griffin sold out his holdings in Wells Fargo & Company. His sale prices were between $22.87 and $29.39, with an estimated average price of $26.42.Wells Fargo & Company has a market cap of $134.82 billion; its shares were traded at around $28.86 with a P/E ratio of 30.1 and P/S ratio of 2.5. The dividend yield of Wells Fargo & Company stocks is 0.7%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Wells Fargo & Company the business predictability rank of 4-star.
Sold Out: VMware Inc. (VMW)
John Griffin sold out his holdings in Vmware Inc.. His sale prices were between $26.12 and $41.09, with an estimated average price of $33.43.VMware provides virtualization solutions from the desktop to the data center. Their solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed, increasing hardware utilization and reducing spending. Vmware Inc. has a market cap of $17.18 billion; its shares were traded at around $42.98 with a P/E ratio of 75.4 and P/S ratio of 9.1.
Sold Out: Companhia Vale Do Rio Doce (VALE)
John Griffin sold out his holdings in Companhia Vale Do Rio Doce. His sale prices were between $15.88 and $23.28, with an estimated average price of $19.87.VALE RIO DO-ADR is a mining company that specializes in the mining of iron ore and pellets, manganese, alloys, gold, copper, potassium, and kaolin. Companhia Vale Do Rio Doce has a market cap of $138.91 billion; its shares were traded at around $28.76 with a P/E ratio of 26.7 and P/S ratio of 3.7. The dividend yield of Companhia Vale Do Rio Doce stocks is 0.8%.
Sold Out: State Street Corp. (STT)
John Griffin sold out his holdings in State Street Corp.. His sale prices were between $43.66 and $54.45, with an estimated average price of $50.63.Sold Out: Charles Schwab Corp. (SCHW)
John Griffin sold out his holdings in Charles Schwab Corp.. His sale prices were between $16.47 and $19.45, with an estimated average price of $17.82.Sold Out: Partnerre Ltd. (PRE)
John Griffin sold out his holdings in Partnerre Ltd.. His sale prices were between $61.35 and $77.8, with an estimated average price of $70.01.PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, other lines, life/annuity and health, and alternative risk transfer solutions. Partnerre Ltd. has a market cap of $4.52 billion; its shares were traded at around $77.57 with a P/E ratio of 6.8 and P/S ratio of 1.1. The dividend yield of Partnerre Ltd. stocks is 2.4%.
Sold Out: National Oilwell Varco Inc. (NOV)
John Griffin sold out his holdings in National Oilwell Varco Inc.. His sale prices were between $29.55 and $44.21, with an estimated average price of $37.01.National-Oilwell is a worldwide leader in the design, manufacture and sale of machinery and equipment and in the distribution of maintenance, repair and operating products used in oil and gas drilling and production. National Oilwell Varco Inc. has a market cap of $19.07 billion; its shares were traded at around $45.59 with a P/E ratio of 10.4 and P/S ratio of 1.4. National Oilwell Varco Inc. had an annual average earning growth of 20.2% over the past 10 years.
Sold Out: Novagold Resources Inc (NG)
John Griffin sold out his holdings in Novagold Resources Inc. His sale prices were between $3.45 and $5.35, with an estimated average price of $4.18.NovaGold Resources is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. Novagold Resources Inc has a market cap of $990 million; its shares were traded at around $5.36 with and P/S ratio of 234.4.
Sold Out: Newmont Mining Corp. (NEM)
John Griffin sold out his holdings in Newmont Mining Corp.. His sale prices were between $37.89 and $46.53, with an estimated average price of $41.68.Newmont Mining Corp. is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide. Newmont Mining Corp. has a market cap of $25.28 billion; its shares were traded at around $52.7 with a P/E ratio of 27.4 and P/S ratio of 4.1. The dividend yield of Newmont Mining Corp. stocks is 0.8%. Newmont Mining Corp. had an annual average earning growth of 4.5% over the past 10 years.
Sold Out: HarleyDavidson Inc. (HOG)
John Griffin sold out his holdings in Harleydavidson Inc.. His sale prices were between $15.04 and $25.25, with an estimated average price of $21.72.HarleyDavidson Inc. has a market cap of $6.63 billion; its shares were traded at around $28.27 with a P/E ratio of 21 and P/S ratio of 1.2. The dividend yield of Harleydavidson Inc. stocks is 1.4%. Harleydavidson Inc. had an annual average earning growth of 20.6% over the past 10 years. GuruFocus rated Harleydavidson Inc. the business predictability rank of 4-star.
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