GuruFocus is pleased to announce that we have added legendary hedge fund manager Julian Robertson of Tiger Management in our list of gurus. This is his buys and sells during the second quarter.
Julian Robertson is considered the father of hedge fund. He launched his firm Tiger Management in 1980 with $8 million, and turned it into over $22 billion in the late 1990s. Robertson had the best hedge fund record throughout the 1980s and 1990s. It is reported that the compound rate of return to his investors was 32%. During his active years, he was considered to be the "Wizard of Wall Street." His hedge fund, Tiger Management, became the world's largest fund, which peaked at over $23 billion invested.
He lost 4% in 1998 and 19% in 1999 as rival investors were riding the dot-com bubble to spectacular returns. He shut down his fund.
Today Tiger Management only manages fund from internal investment, mainly Mr. Robertson’s own money.
Besides his investment record, Mr. Robertson also mentored a group of young hedge fund managers, known as the "Tiger Cubs." A number of them became extremely successful hedge fund managers in their own right, including John Griffin of Blue Ridge Capital, Lee Ainslie of Maverick Capital, Andreas Halvorsen of Viking Global, and Steve Mandel of Lone Pine Capital. They are also included in our List of Gurus.
Julian Robertson buys Google Inc., Ebay Inc., Cardiome Pharma Corp., Itau Unibanco Banco Multiplo S.a., Time Warner Cable Inc, sells Ace, Ltd. (new), Lamar Advertising Company, Monsanto Company, Occidental Petroleum Corp., Partnerre Ltd., Renaissancere Holdings Ltd., Sensata Technologies Holding N V, Skyworks Solutions Inc., Unitedhealth Group Inc., Intel Corp., Hologic Inc., Arch Capital Group Ltd., American Tower Corp., Angeion Corp., Apollo Group Inc., Axis Capital Holdings Ltd., Cablevision Systems Corp. Ny Group, Cvs Caremark Corp., Fidelity National Information Services I, Wuxi Pharmatech Inc. during the 3-months ended 06/30/2010, according to the most recent filings of his investment company, Tiger Management. Julian Robertson owns 33 stocks with a total value of $457 million. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Julian Robertson
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. Apple Inc. has a market cap of $219.86 billion; its shares were traded at around $241.62 with a P/E ratio of 18.19 and P/S ratio of 5.12. Apple Inc. had an annual average earning growth of 83.1% over the past 5 years.
Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $71.94 billion; its shares were traded at around $139.75 with a P/E ratio of 6.41 and P/S ratio of 1.39. The dividend yield of Goldman Sachs stocks is 1%. Goldman Sachs had an annual average earning growth of 12.7% over the past 10 years.
Madison Square Garden is a fully-integrated sports, entertainment and media business. Madison Square Garden Inc. has a market cap of $1.22 billion; its shares were traded at around $19.63 .
Snap-On Incorporated is engaged in the business of providing productivity-enhancing, innovative products, services and solutions. Snapon Inc. has a market cap of $2.38 billion; its shares were traded at around $41.22 with a P/E ratio of 16.62 and P/S ratio of 1.01. The dividend yield of Snapon Inc. stocks is 2.91%. Snapon Inc. had an annual average earning growth of 10% over the past 10 years.
MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Inc. has a market cap of $27.04 billion; its shares were traded at around $206.62 with a P/E ratio of 16.07 and P/S ratio of 5.3. The dividend yield of Mastercard Inc. stocks is 0.29%.
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 $59.74 billion; its shares were traded at around $71.11 with a P/E ratio of 19.43 and P/S ratio of 8.64. The dividend yield of Visa Inc. stocks is 0.7%.
Priceline.com Incorporated has pioneered a unique e-commerce pricing system known as a `demand collection system` that enables consumers to use the Internet to save money on a wide range of products and services while enabling sellers to generate incremental revenue. Priceline.com Inc. has a market cap of $14.12 billion; its shares were traded at around $297.68 with a P/E ratio of 31.4 and P/S ratio of 6.04. Priceline.com Inc. had an annual average earning growth of 62.8% over the past 5 years.
SOLUTIA is a market-performance materials and specialty chemicals company. Solutia, Inc. has a market cap of $1.71 billion; its shares were traded at around $14.09 with a P/E ratio of 16.38 and P/S ratio of 1.03.
LCA-Vision Inc. provides laser vision correction at affordable prices. Lcavision Inc. has a market cap of $78.76 million; its shares were traded at around $4.22 with and P/S ratio of 0.61.
Google is a public and profitable company focused on search services. Google Inc. has a market cap of $145.9 billion; its shares were traded at around $458.83 with a P/E ratio of 19.92 and P/S ratio of 6.17. Google Inc. had an annual average earning growth of 65.7% over the past 10 years.
eBay is one of the world's largest online trading communities. Ebay Inc. has a market cap of $30.3 billion; its shares were traded at around $23.18 with a P/E ratio of 16.56 and P/S ratio of 3.47. Ebay Inc. had an annual average earning growth of 43.4% over the past 10 years.
Cardiome Pharma Corp. is a product-focused cardiovascular drug development company with two clinical drug programs focused on atrial arrhythmia (intravenous and oral dosing), and a pre-clinical program directed at improving cardiovascular function. Cardiome Pharma Corp. has a market cap of $389.53 million; its shares were traded at around $6.41 with a P/E ratio of 12.33 and P/S ratio of 7.12.
BANCO ITAU -ADR's main goal is to focus on an equilibrium between growth and profitability, aimed at always generating value for the stockholder in the long run. Itau Unibanco Banco Multiplo S.a. has a market cap of $48.37 billion; its shares were traded at around $21.13 with a P/E ratio of 19.39 and P/S ratio of 0.84. The dividend yield of Itau Unibanco Banco Multiplo S.a. stocks is 0.38%. Itau Unibanco Banco Multiplo S.a. had an annual average earning growth of 28.7% over the past 5 years.
Time Warner Cable Inc. is the second-largest cable operator in the U. Time Warner Cable Inc has a market cap of $18.36 billion; its shares were traded at around $51.67 with a P/E ratio of 14.85 and P/S ratio of 1.03. The dividend yield of Time Warner Cable Inc stocks is 3.1%.
Dick's Sporting Goods is a full-line sporting goods retailer in the United States. Dick's Sporting Goods Inc. has a market cap of $2.92 billion; its shares were traded at around $25.22 with a P/E ratio of 18.41 and P/S ratio of 0.66. Dick's Sporting Goods Inc. had an annual average earning growth of 11.2% over the past 10 years.
DIRECTV is a provider of digital multichannel television entertainment in the United States and Latin America. Directv Group Inc. The has a market cap of $33.86 billion; its shares were traded at around $38.17 with a P/E ratio of 18.71 and P/S ratio of 1.57. Directv Group Inc. The had an annual average earning growth of 33.4% over the past 10 years.
Verisk Analytics is a provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources. Verisk Analytics Inc. has a market cap of $3.53 billion; its shares were traded at around $27.92 with a P/E ratio of 29.39 and P/S ratio of 3.44.
EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing ofelectronic information. Emc Corp. has a market cap of $37.76 billion; its shares were traded at around $18.37 with a P/E ratio of 21.61 and P/S ratio of 2.69. Emc Corp. had an annual average earning growth of 8.2% over the past 5 years.
DigitalGlobe, Inc. is a global provider of commercial high-resolution earth imagery products and services. Digitalglobe Inc. has a market cap of $1.42 billion; its shares were traded at around $31 with a P/E ratio of 44.29 and P/S ratio of 5.02.
Angeion Corporation, through its subsidiary Medical Graphics Corporation, designs, manufactures and distributes non-invasive cardio-respiratory diagnostic systems and related software for the management and improvement of overall health and fitness. Angeion Corp. has a market cap of $17.37 million; its shares were traded at around $4.22 with and P/S ratio of 0.68.
Sensata Technologies B.V., through its subsidiaries, is a supplier of sensing, electrical protection, control and power management solutions. Sensata Technologies Holding N V has a market cap of $2.89 billion; its shares were traded at around $16.9 .
UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $36.79 billion; its shares were traded at around $32.37 with a P/E ratio of 8.7 and P/S ratio of 0.42. The dividend yield of Unitedhealth Group Inc. stocks is 1.54%. Unitedhealth Group Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 3.5-star.
Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental Petroleum Corp. has a market cap of $61.25 billion; its shares were traded at around $75.42 with a P/E ratio of 14.88 and P/S ratio of 3.98. The dividend yield of Occidental Petroleum Corp. stocks is 2.02%. Occidental Petroleum Corp. had an annual average earning growth of 13.6% over the past 10 years.
ACE LTD. provides excess liability insurance for bodily injury, property damage, & wrongful advertising. Ace, Ltd. (new) has a market cap of $18.4 billion; its shares were traded at around $54.34 with a P/E ratio of 6.98 and P/S ratio of 1.21. The dividend yield of Ace, Ltd. (new) stocks is 2.43%. Ace, Ltd. (new) had an annual average earning growth of 30.1% over the past 10 years.
Arch Capital Group Ltd. is a diversified financial services holding company, with an emphasis on the insurance sector. Arch Capital Group Ltd. has a market cap of $3.96 billion; its shares were traded at around $79.81 with a P/E ratio of 8.42 and P/S ratio of 1.13. Arch Capital Group Ltd. had an annual average earning growth of 26.1% over the past 10 years.
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 $3.96 billion; its shares were traded at around $31.28 with a P/E ratio of 6.48 and P/S ratio of 1.41. The dividend yield of Axis Capital Holdings Ltd. stocks is 2.69%. Axis Capital Holdings Ltd. had an annual average earning growth of 12.1% over the past 5 years.
PartnerRe Ltd. is a global reinsurer, providing multi-line reinsurance to insurance companies. Partnerre Ltd. has a market cap of $5.9 billion; its shares were traded at around $75.36 with a P/E ratio of 7.49 and P/S ratio of 1.09. The dividend yield of Partnerre Ltd. stocks is 2.65%.
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 $3.33 billion; its shares were traded at around $57.52 with a P/E ratio of 5.24 and P/S ratio of 2. The dividend yield of Renaissancere Holdings Ltd. stocks is 1.74%.
American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. American Tower Corp. has a market cap of $19 billion; its shares were traded at around $47.36 with a P/E ratio of 57.76 and P/S ratio of 11.02. American Tower Corp. had an annual average earning growth of 9.8% over the past 10 years. GuruFocus rated American Tower Corp. the business predictability rank of 2-star.
Hologic Inc. is a supplier of high quality, innovative and clinically valuable diagnostic systems and tests. Hologic Inc. has a market cap of $3.67 billion; its shares were traded at around $14.17 with a P/E ratio of 12.22 and P/S ratio of 2.24.
Cablevision Systems Corp. is one of the nation's entertainment and telecommunications companies. Cablevision Systems Corp. Ny Group has a market cap of $7.73 billion; its shares were traded at around $25.36 with a P/E ratio of 17.37 and P/S ratio of 0.99. The dividend yield of Cablevision Systems Corp. Ny Group stocks is 1.97%. Cablevision Systems Corp. Ny Group had an annual average earning growth of 6.8% over the past 10 years.
Apollo Group, Inc. has been providing higher education to working adults for over 25 years. Apollo Group Inc. has a market cap of $6.29 billion; its shares were traded at around $42.77 with a P/E ratio of 8.37 and P/S ratio of 1.58. Apollo Group Inc. had an annual average earning growth of 26.4% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.
Certegy Inc. provides credit, debit and merchant card processing, e-banking, check risk management and check cashing services to financial institutions and merchants worldwide. Fidelity National Information Services I has a market cap of $10.01 billion; its shares were traded at around $26.59 with a P/E ratio of 15.02 and P/S ratio of 2.66. The dividend yield of Fidelity National Information Services I stocks is 0.75%.
Lamar Advertising Company is one of the largest and most experienced owners and operators of outdoor advertising structures in the United States. Lamar Advertising Company has a market cap of $2.49 billion; its shares were traded at around $27.05 with and P/S ratio of 2.36. Lamar Advertising Company had an annual average earning growth of 6.3% over the past 10 years. GuruFocus rated Lamar Advertising Company the business predictability rank of 4.5-star.
Skyworks Solutions, Inc. is the industry's wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications. Skyworks Solutions Inc. has a market cap of $3.25 billion; its shares were traded at around $18.39 with a P/E ratio of 19.16 and P/S ratio of 4.05.
CVS/Caremark is the nation's premier integrated pharmacy services provider, combining one of the nation's pharmaceutical services companies with the country's largest pharmacy chain. Cvs Caremark Corp. has a market cap of $37.44 billion; its shares were traded at around $27.51 with a P/E ratio of 10.23 and P/S ratio of 0.38. The dividend yield of Cvs Caremark Corp. stocks is 1.27%. Cvs Caremark Corp. had an annual average earning growth of 12.4% over the past 10 years. GuruFocus rated Cvs Caremark Corp. the business predictability rank of 4.5-star.
Shanghai-based WuXi PharmaTech is the China-based pharmaceutical and biotechnology R&D outsourcing company. Wuxi Pharmatech Inc. has a market cap of $1.06 billion; its shares were traded at around $14.74 with a P/E ratio of 19.14 and P/S ratio of 3.91.
Intel Corporation, one of the world's largest semiconductor chip maker, supplies the computing and communications industries with chips, boards, and systems building blocks that are integral to computers, servers, and networking and communications products. Intel Corp. has a market cap of $102.21 billion; its shares were traded at around $18.37 with a P/E ratio of 11 and P/S ratio of 2.91. The dividend yield of Intel Corp. stocks is 3.43%. Intel Corp. had an annual average earning growth of 2.5% over the past 10 years.
Monsanto is a global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. Monsanto Company has a market cap of $30.57 billion; its shares were traded at around $56.56 with a P/E ratio of 22.53 and P/S ratio of 2.61. The dividend yield of Monsanto Company stocks is 1.87%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.
Julian Robertson is considered the father of hedge fund. He launched his firm Tiger Management in 1980 with $8 million, and turned it into over $22 billion in the late 1990s. Robertson had the best hedge fund record throughout the 1980s and 1990s. It is reported that the compound rate of return to his investors was 32%. During his active years, he was considered to be the "Wizard of Wall Street." His hedge fund, Tiger Management, became the world's largest fund, which peaked at over $23 billion invested.
He lost 4% in 1998 and 19% in 1999 as rival investors were riding the dot-com bubble to spectacular returns. He shut down his fund.
Today Tiger Management only manages fund from internal investment, mainly Mr. Robertson’s own money.
Besides his investment record, Mr. Robertson also mentored a group of young hedge fund managers, known as the "Tiger Cubs." A number of them became extremely successful hedge fund managers in their own right, including John Griffin of Blue Ridge Capital, Lee Ainslie of Maverick Capital, Andreas Halvorsen of Viking Global, and Steve Mandel of Lone Pine Capital. They are also included in our List of Gurus.
Julian Robertson buys Google Inc., Ebay Inc., Cardiome Pharma Corp., Itau Unibanco Banco Multiplo S.a., Time Warner Cable Inc, sells Ace, Ltd. (new), Lamar Advertising Company, Monsanto Company, Occidental Petroleum Corp., Partnerre Ltd., Renaissancere Holdings Ltd., Sensata Technologies Holding N V, Skyworks Solutions Inc., Unitedhealth Group Inc., Intel Corp., Hologic Inc., Arch Capital Group Ltd., American Tower Corp., Angeion Corp., Apollo Group Inc., Axis Capital Holdings Ltd., Cablevision Systems Corp. Ny Group, Cvs Caremark Corp., Fidelity National Information Services I, Wuxi Pharmatech Inc. during the 3-months ended 06/30/2010, according to the most recent filings of his investment company, Tiger Management. Julian Robertson owns 33 stocks with a total value of $457 million. These are the details of the buys and sells.
- New Purchases: CRME, EBAY, GOOG, ITUB, TWC,
- Added Positions: AAPL, GS, LCAV, MA, MSG, PCLN, SNA, SOA, V,
- Reduced Positions: DGI, DKS, DTV, EMC, VRSK,
- Sold Out: ACE, ACGL, AMT, ANGN, APOL, AXS, CVC, CVS, FIS, HOLX, INTC, LAMR, MON, OXY, PRE, RNR, ST, SWKS, UNH, WX,
This is the sector weightings of his portfolio:
| Consumer Services | 31% |
| Technology | 24.1% |
| Financials | 17.9% |
| Oil & Gas | 8.6% |
| Health Care | 5.4% |
| Basic Materials | 3.9% |
| Consumer Goods | 3.7% |
| Industrials | 0.4% |
These are the top 5 holdings of Julian Robertson
- Apple Inc. (AAPL) - 152,580 shares, 8.4% of the total portfolio. Shares added by 79.29%
- Google Inc. (GOOG) - 71,505 shares, 6.96% of the total portfolio. New Position
- MasterCard Inc. (MA) - 95,580 shares, 4.17% of the total portfolio. Shares added by 29.37%
- EBay Inc. (EBAY) - 935,000 shares, 4.01% of the total portfolio. New Position
- VISA INC. (V) - 256,300 shares, 3.97% of the total portfolio. Shares added by 17.89%
Added: Apple Inc. (AAPL, Financial)
Julian Robertson added to his holdings in Apple Inc. by 79.29%. His purchase prices were between $235.86 and $274.074, with an estimated average price of $254.79. The impact to his portfolio due to this purchase was 3.71%. His holdings were 152,580 shares as of 06/30/2010.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. Apple Inc. has a market cap of $219.86 billion; its shares were traded at around $241.62 with a P/E ratio of 18.19 and P/S ratio of 5.12. Apple Inc. had an annual average earning growth of 83.1% over the past 5 years.
Added: Goldman Sachs Group Inc. The (GS, Financial)
Julian Robertson added to his holdings in Goldman Sachs Group Inc. The by 636.63%. His purchase prices were between $133.44 and $184.27, with an estimated average price of $148.68. The impact to his portfolio due to this purchase was 3.15%. His holdings were 126,700 shares as of 06/30/2010.Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $71.94 billion; its shares were traded at around $139.75 with a P/E ratio of 6.41 and P/S ratio of 1.39. The dividend yield of Goldman Sachs stocks is 1%. Goldman Sachs had an annual average earning growth of 12.7% over the past 10 years.
Added: Madison Square Garden Inc. (MSG, Financial)
Julian Robertson added to his holdings in Madison Square Garden Inc. by 250.45%. His purchase prices were between $19.17 and $22.33, with an estimated average price of $21.08. The impact to his portfolio due to this purchase was 1.51%. His holdings were 491,218 shares as of 06/30/2010.Madison Square Garden is a fully-integrated sports, entertainment and media business. Madison Square Garden Inc. has a market cap of $1.22 billion; its shares were traded at around $19.63 .
Added: Snapon Inc. (SNA, Financial)
Julian Robertson added to his holdings in Snapon Inc. by 70.64%. His purchase prices were between $40.88 and $49.54, with an estimated average price of $44.75. The impact to his portfolio due to this purchase was 1.49%. His holdings were 401,000 shares as of 06/30/2010.Snap-On Incorporated is engaged in the business of providing productivity-enhancing, innovative products, services and solutions. Snapon Inc. has a market cap of $2.38 billion; its shares were traded at around $41.22 with a P/E ratio of 16.62 and P/S ratio of 1.01. The dividend yield of Snapon Inc. stocks is 2.91%. Snapon Inc. had an annual average earning growth of 10% over the past 10 years.
Added: Mastercard Inc. (MA, Financial)
Julian Robertson added to his holdings in Mastercard Inc. by 29.37%. His purchase prices were between $195.46 and $267.22, with an estimated average price of $228.26. The impact to his portfolio due to this purchase was 0.95%. His holdings were 95,580 shares as of 06/30/2010.MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Inc. has a market cap of $27.04 billion; its shares were traded at around $206.62 with a P/E ratio of 16.07 and P/S ratio of 5.3. The dividend yield of Mastercard Inc. stocks is 0.29%.
Added: Visa Inc. (V, Financial)
Julian Robertson added to his holdings in Visa Inc. by 17.89%. His purchase prices were between $70.09 and $96.59, with an estimated average price of $82.37. The impact to his portfolio due to this purchase was 0.6%. His holdings were 256,300 shares as of 06/30/2010.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 $59.74 billion; its shares were traded at around $71.11 with a P/E ratio of 19.43 and P/S ratio of 8.64. The dividend yield of Visa Inc. stocks is 0.7%.
Added: Priceline.com Inc. (PCLN, Financial)
Julian Robertson added to his holdings in Priceline.com Inc. by 23.52%. His purchase prices were between $175.19 and $273, with an estimated average price of $219.06. The impact to his portfolio due to this purchase was 0.58%. His holdings were 79,300 shares as of 06/30/2010.Priceline.com Incorporated has pioneered a unique e-commerce pricing system known as a `demand collection system` that enables consumers to use the Internet to save money on a wide range of products and services while enabling sellers to generate incremental revenue. Priceline.com Inc. has a market cap of $14.12 billion; its shares were traded at around $297.68 with a P/E ratio of 31.4 and P/S ratio of 6.04. Priceline.com Inc. had an annual average earning growth of 62.8% over the past 5 years.
Added: Solutia, Inc. (SOA, Financial)
Julian Robertson added to his holdings in Solutia, Inc. by 12.97%. His purchase prices were between $13.49 and $18.71, with an estimated average price of $15.79. The impact to his portfolio due to this purchase was 0.44%. His holdings were 1,350,400 shares as of 06/30/2010.SOLUTIA is a market-performance materials and specialty chemicals company. Solutia, Inc. has a market cap of $1.71 billion; its shares were traded at around $14.09 with a P/E ratio of 16.38 and P/S ratio of 1.03.
Added: Lcavision Inc. (LCAV, Financial)
Julian Robertson added to his holdings in Lcavision Inc. by 27.29%. His purchase prices were between $5.65 and $9.25, with an estimated average price of $7.68. The impact to his portfolio due to this purchase was 0.39%. His holdings were 1,514,796 shares as of 06/30/2010.LCA-Vision Inc. provides laser vision correction at affordable prices. Lcavision Inc. has a market cap of $78.76 million; its shares were traded at around $4.22 with and P/S ratio of 0.61.
New Purchase: Google Inc. (GOOG, Financial)
Julian Robertson initiated holdings in Google Inc.. His purchase prices were between $454.26 and $595.3, with an estimated average price of $512.61. The impact to his portfolio due to this purchase was 6.96%. His holdings were 71,505 shares as of 06/30/2010.Google is a public and profitable company focused on search services. Google Inc. has a market cap of $145.9 billion; its shares were traded at around $458.83 with a P/E ratio of 19.92 and P/S ratio of 6.17. Google Inc. had an annual average earning growth of 65.7% over the past 10 years.
New Purchase: Ebay Inc. (EBAY, Financial)
Julian Robertson initiated holdings in Ebay Inc.. His purchase prices were between $19.69 and $27.37, with an estimated average price of $23.15. The impact to his portfolio due to this purchase was 4.01%. His holdings were 935,000 shares as of 06/30/2010.eBay is one of the world's largest online trading communities. Ebay Inc. has a market cap of $30.3 billion; its shares were traded at around $23.18 with a P/E ratio of 16.56 and P/S ratio of 3.47. Ebay Inc. had an annual average earning growth of 43.4% over the past 10 years.
New Purchase: Cardiome Pharma Corp. (CRME, Financial)
Julian Robertson initiated holdings in Cardiome Pharma Corp.. His purchase prices were between $6.92 and $8.68, with an estimated average price of $8.04. The impact to his portfolio due to this purchase was 3.53%. His holdings were 1,979,405 shares as of 06/30/2010.Cardiome Pharma Corp. is a product-focused cardiovascular drug development company with two clinical drug programs focused on atrial arrhythmia (intravenous and oral dosing), and a pre-clinical program directed at improving cardiovascular function. Cardiome Pharma Corp. has a market cap of $389.53 million; its shares were traded at around $6.41 with a P/E ratio of 12.33 and P/S ratio of 7.12.
New Purchase: Itau Unibanco Banco Multiplo S.a. (ITUB)
Julian Robertson initiated holdings in Itau Unibanco Banco Multiplo S.a.. His purchase prices were between $17.1 and $22.74, with an estimated average price of $20.12. The impact to his portfolio due to this purchase was 3.13%. His holdings were 793,000 shares as of 06/30/2010.BANCO ITAU -ADR's main goal is to focus on an equilibrium between growth and profitability, aimed at always generating value for the stockholder in the long run. Itau Unibanco Banco Multiplo S.a. has a market cap of $48.37 billion; its shares were traded at around $21.13 with a P/E ratio of 19.39 and P/S ratio of 0.84. The dividend yield of Itau Unibanco Banco Multiplo S.a. stocks is 0.38%. Itau Unibanco Banco Multiplo S.a. had an annual average earning growth of 28.7% over the past 5 years.
New Purchase: Time Warner Cable Inc (TWC)
Julian Robertson initiated holdings in Time Warner Cable Inc. His purchase prices were between $48.93 and $57.37, with an estimated average price of $53.24. The impact to his portfolio due to this purchase was 2.68%. His holdings were 235,000 shares as of 06/30/2010.Time Warner Cable Inc. is the second-largest cable operator in the U. Time Warner Cable Inc has a market cap of $18.36 billion; its shares were traded at around $51.67 with a P/E ratio of 14.85 and P/S ratio of 1.03. The dividend yield of Time Warner Cable Inc stocks is 3.1%.
Reduced: Dick's Sporting Goods Inc. (DKS)
Julian Robertson reduced to his holdings in Dick's Sporting Goods Inc. by 26.52%. His sale prices were between $25.18 and $30.78, with an estimated average price of $28. The impact to his portfolio due to this sale was -0.73%. Julian Robertson still held 507,000 shares as of 06/30/2010.Dick's Sporting Goods is a full-line sporting goods retailer in the United States. Dick's Sporting Goods Inc. has a market cap of $2.92 billion; its shares were traded at around $25.22 with a P/E ratio of 18.41 and P/S ratio of 0.66. Dick's Sporting Goods Inc. had an annual average earning growth of 11.2% over the past 10 years.
Reduced: Directv Group Inc. The (DTV)
Julian Robertson reduced to his holdings in Directv Group Inc. The by 26.67%. His sale prices were between $34.27 and $39.68, with an estimated average price of $36.78. The impact to his portfolio due to this sale was -0.76%. Julian Robertson still held 385,000 shares as of 06/30/2010.DIRECTV is a provider of digital multichannel television entertainment in the United States and Latin America. Directv Group Inc. The has a market cap of $33.86 billion; its shares were traded at around $38.17 with a P/E ratio of 18.71 and P/S ratio of 1.57. Directv Group Inc. The had an annual average earning growth of 33.4% over the past 10 years.
Reduced: Verisk Analytics Inc. (VRSK)
Julian Robertson reduced to his holdings in Verisk Analytics Inc. by 28.61%. His sale prices were between $27.65 and $30.93, with an estimated average price of $29.17. The impact to his portfolio due to this sale was -0.85%. Julian Robertson still held 455,692 shares as of 06/30/2010.Verisk Analytics is a provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources. Verisk Analytics Inc. has a market cap of $3.53 billion; its shares were traded at around $27.92 with a P/E ratio of 29.39 and P/S ratio of 3.44.
Reduced: Emc Corp. (EMC)
Julian Robertson reduced to his holdings in Emc Corp. by 32.12%. His sale prices were between $17.68 and $19.98, with an estimated average price of $18.82. The impact to his portfolio due to this sale was -0.86%. Julian Robertson still held 666,000 shares as of 06/30/2010.EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing ofelectronic information. Emc Corp. has a market cap of $37.76 billion; its shares were traded at around $18.37 with a P/E ratio of 21.61 and P/S ratio of 2.69. Emc Corp. had an annual average earning growth of 8.2% over the past 5 years.
Reduced: Digitalglobe Inc. (DGI)
Julian Robertson reduced to his holdings in Digitalglobe Inc. by 40.94%. His sale prices were between $24.66 and $28.8, with an estimated average price of $27.2. The impact to his portfolio due to this sale was -0.99%. Julian Robertson still held 419,353 shares as of 06/30/2010.DigitalGlobe, Inc. is a global provider of commercial high-resolution earth imagery products and services. Digitalglobe Inc. has a market cap of $1.42 billion; its shares were traded at around $31 with a P/E ratio of 44.29 and P/S ratio of 5.02.
Sold Out: Angeion Corp. (ANGN)
Julian Robertson sold out his holdings in Angeion Corp.. His sale prices were between $3.87 and $5, with an estimated average price of $4.54.Angeion Corporation, through its subsidiary Medical Graphics Corporation, designs, manufactures and distributes non-invasive cardio-respiratory diagnostic systems and related software for the management and improvement of overall health and fitness. Angeion Corp. has a market cap of $17.37 million; its shares were traded at around $4.22 with and P/S ratio of 0.68.
Sold Out: Sensata Technologies Holding N V (ST)
Julian Robertson sold out his holdings in Sensata Technologies Holding N V. His sale prices were between $15.55 and $20.79, with an estimated average price of $18.31.Sensata Technologies B.V., through its subsidiaries, is a supplier of sensing, electrical protection, control and power management solutions. Sensata Technologies Holding N V has a market cap of $2.89 billion; its shares were traded at around $16.9 .
Sold Out: Unitedhealth Group Inc. (UNH)
Julian Robertson sold out his holdings in Unitedhealth Group Inc.. His sale prices were between $28.63 and $33.41, with an estimated average price of $30.47.UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $36.79 billion; its shares were traded at around $32.37 with a P/E ratio of 8.7 and P/S ratio of 0.42. The dividend yield of Unitedhealth Group Inc. stocks is 1.54%. Unitedhealth Group Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 3.5-star.
Sold Out: Occidental Petroleum Corp. (OXY)
Julian Robertson sold out his holdings in Occidental Petroleum Corp.. His sale prices were between $77.66 and $89.99, with an estimated average price of $83.65.Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental Petroleum Corp. has a market cap of $61.25 billion; its shares were traded at around $75.42 with a P/E ratio of 14.88 and P/S ratio of 3.98. The dividend yield of Occidental Petroleum Corp. stocks is 2.02%. Occidental Petroleum Corp. had an annual average earning growth of 13.6% over the past 10 years.
Sold Out: Ace, Ltd. (new) (ACE)
Julian Robertson sold out his holdings in Ace, Ltd. (new). His sale prices were between $48.43 and $53.89, with an estimated average price of $51.88.ACE LTD. provides excess liability insurance for bodily injury, property damage, & wrongful advertising. Ace, Ltd. (new) has a market cap of $18.4 billion; its shares were traded at around $54.34 with a P/E ratio of 6.98 and P/S ratio of 1.21. The dividend yield of Ace, Ltd. (new) stocks is 2.43%. Ace, Ltd. (new) had an annual average earning growth of 30.1% over the past 10 years.
Sold Out: Arch Capital Group Ltd. (ACGL)
Julian Robertson sold out his holdings in Arch Capital Group Ltd.. His sale prices were between $71.36 and $77.93, with an estimated average price of $74.78.Arch Capital Group Ltd. is a diversified financial services holding company, with an emphasis on the insurance sector. Arch Capital Group Ltd. has a market cap of $3.96 billion; its shares were traded at around $79.81 with a P/E ratio of 8.42 and P/S ratio of 1.13. Arch Capital Group Ltd. had an annual average earning growth of 26.1% over the past 10 years.
Sold Out: Axis Capital Holdings Ltd. (AXS)
Julian Robertson sold out his holdings in Axis Capital Holdings Ltd.. His sale prices were between $29.04 and $32.31, with an estimated average price of $30.85.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 $3.96 billion; its shares were traded at around $31.28 with a P/E ratio of 6.48 and P/S ratio of 1.41. The dividend yield of Axis Capital Holdings Ltd. stocks is 2.69%. Axis Capital Holdings Ltd. had an annual average earning growth of 12.1% over the past 5 years.
Sold Out: Partnerre Ltd. (PRE)
Julian Robertson sold out his holdings in Partnerre Ltd.. His sale prices were between $70.06 and $81.57, with an estimated average price of $75.54.PartnerRe Ltd. is a global reinsurer, providing multi-line reinsurance to insurance companies. Partnerre Ltd. has a market cap of $5.9 billion; its shares were traded at around $75.36 with a P/E ratio of 7.49 and P/S ratio of 1.09. The dividend yield of Partnerre Ltd. stocks is 2.65%.
Sold Out: Renaissancere Holdings Ltd. (RNR)
Julian Robertson sold out his holdings in Renaissancere Holdings Ltd.. His sale prices were between $52.93 and $58.81, with an estimated average price of $56.22.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 $3.33 billion; its shares were traded at around $57.52 with a P/E ratio of 5.24 and P/S ratio of 2. The dividend yield of Renaissancere Holdings Ltd. stocks is 1.74%.
Sold Out: American Tower Corp. (AMT)
Julian Robertson sold out his holdings in American Tower Corp.. His sale prices were between $38.86 and $45.33, with an estimated average price of $42.04.American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. American Tower Corp. has a market cap of $19 billion; its shares were traded at around $47.36 with a P/E ratio of 57.76 and P/S ratio of 11.02. American Tower Corp. had an annual average earning growth of 9.8% over the past 10 years. GuruFocus rated American Tower Corp. the business predictability rank of 2-star.
Sold Out: Hologic Inc. (HOLX)
Julian Robertson sold out his holdings in Hologic Inc.. His sale prices were between $13.63 and $18.53, with an estimated average price of $16.07.Hologic Inc. is a supplier of high quality, innovative and clinically valuable diagnostic systems and tests. Hologic Inc. has a market cap of $3.67 billion; its shares were traded at around $14.17 with a P/E ratio of 12.22 and P/S ratio of 2.24.
Sold Out: Cablevision Systems Corp. Ny Group (CVC)
Julian Robertson sold out his holdings in Cablevision Systems Corp. Ny Group. His sale prices were between $22.15 and $27.78, with an estimated average price of $24.98.Cablevision Systems Corp. is one of the nation's entertainment and telecommunications companies. Cablevision Systems Corp. Ny Group has a market cap of $7.73 billion; its shares were traded at around $25.36 with a P/E ratio of 17.37 and P/S ratio of 0.99. The dividend yield of Cablevision Systems Corp. Ny Group stocks is 1.97%. Cablevision Systems Corp. Ny Group had an annual average earning growth of 6.8% over the past 10 years.
Sold Out: Apollo Group Inc. (APOL)
Julian Robertson sold out his holdings in Apollo Group Inc.. His sale prices were between $43.13 and $65.74, with an estimated average price of $55.58.Apollo Group, Inc. has been providing higher education to working adults for over 25 years. Apollo Group Inc. has a market cap of $6.29 billion; its shares were traded at around $42.77 with a P/E ratio of 8.37 and P/S ratio of 1.58. Apollo Group Inc. had an annual average earning growth of 26.4% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.
Sold Out: Fidelity National Information Services I (FIS)
Julian Robertson sold out his holdings in Fidelity National Information Services I. His sale prices were between $23.69 and $29.9, with an estimated average price of $26.71.Certegy Inc. provides credit, debit and merchant card processing, e-banking, check risk management and check cashing services to financial institutions and merchants worldwide. Fidelity National Information Services I has a market cap of $10.01 billion; its shares were traded at around $26.59 with a P/E ratio of 15.02 and P/S ratio of 2.66. The dividend yield of Fidelity National Information Services I stocks is 0.75%.
Sold Out: Lamar Advertising Company (LAMR)
Julian Robertson sold out his holdings in Lamar Advertising Company. His sale prices were between $24.95 and $38.4, with an estimated average price of $32.12.Lamar Advertising Company is one of the largest and most experienced owners and operators of outdoor advertising structures in the United States. Lamar Advertising Company has a market cap of $2.49 billion; its shares were traded at around $27.05 with and P/S ratio of 2.36. Lamar Advertising Company had an annual average earning growth of 6.3% over the past 10 years. GuruFocus rated Lamar Advertising Company the business predictability rank of 4.5-star.
Sold Out: Skyworks Solutions Inc. (SWKS)
Julian Robertson sold out his holdings in Skyworks Solutions Inc.. His sale prices were between $14.23 and $17.91, with an estimated average price of $16.06.Skyworks Solutions, Inc. is the industry's wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications. Skyworks Solutions Inc. has a market cap of $3.25 billion; its shares were traded at around $18.39 with a P/E ratio of 19.16 and P/S ratio of 4.05.
Sold Out: Cvs Caremark Corp. (CVS)
Julian Robertson sold out his holdings in Cvs Caremark Corp.. His sale prices were between $29.82 and $37.37, with an estimated average price of $34.64.CVS/Caremark is the nation's premier integrated pharmacy services provider, combining one of the nation's pharmaceutical services companies with the country's largest pharmacy chain. Cvs Caremark Corp. has a market cap of $37.44 billion; its shares were traded at around $27.51 with a P/E ratio of 10.23 and P/S ratio of 0.38. The dividend yield of Cvs Caremark Corp. stocks is 1.27%. Cvs Caremark Corp. had an annual average earning growth of 12.4% over the past 10 years. GuruFocus rated Cvs Caremark Corp. the business predictability rank of 4.5-star.
Sold Out: Wuxi Pharmatech Inc. (WX)
Julian Robertson sold out his holdings in Wuxi Pharmatech Inc.. His sale prices were between $15.16 and $19.41, with an estimated average price of $17.14.Shanghai-based WuXi PharmaTech is the China-based pharmaceutical and biotechnology R&D outsourcing company. Wuxi Pharmatech Inc. has a market cap of $1.06 billion; its shares were traded at around $14.74 with a P/E ratio of 19.14 and P/S ratio of 3.91.
Sold Out: Intel Corp. (INTC)
Julian Robertson sold out his holdings in Intel Corp.. His sale prices were between $19.79 and $24.221, with an estimated average price of $21.93.Intel Corporation, one of the world's largest semiconductor chip maker, supplies the computing and communications industries with chips, boards, and systems building blocks that are integral to computers, servers, and networking and communications products. Intel Corp. has a market cap of $102.21 billion; its shares were traded at around $18.37 with a P/E ratio of 11 and P/S ratio of 2.91. The dividend yield of Intel Corp. stocks is 3.43%. Intel Corp. had an annual average earning growth of 2.5% over the past 10 years.
Sold Out: Monsanto Company (MON)
Julian Robertson sold out his holdings in Monsanto Company. His sale prices were between $47.34 and $70.83, with an estimated average price of $57.38.Monsanto is a global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. Monsanto Company has a market cap of $30.57 billion; its shares were traded at around $56.56 with a P/E ratio of 22.53 and P/S ratio of 2.61. The dividend yield of Monsanto Company stocks is 1.87%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.
