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Hedge Fund Glenview Capital Buys TYC, LH, HPQ, CI, BAX, MSFT, GLW, Sells MHS, DVA, BMC, RSG, OCR, APD, FLS

gurufocus

gurufocus

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Larry Robbins at Glenview Capital reported his Q4 portfolio. As of 12/31/2010, Glenview Capital owns 57 stocks with a total value of $6 billion. These are the details of the buys and sells.

To learn more about Larry Robbins and his firm Glenview Capital, please read the Latest Issue of Graham and Doddsville. Some excerpts of the interview:

"U.S. corporations came into 2010 with $1.4 trillion in cash … Companies were initially sitting with all the cash, feeling good, thinking that no matter what happened, they could pull Albert Pojols off the bench..."

"Every six months we have a "what grows" session in which we take a giant step back and say, "we're not venture capitalists, we're not smart enough to figure out who's the next Facebook or the next Groupon, but where's the growth going to come from over the next 3, 5, 10 years secularly, and how can we position ourselves to take advantage."

"There are only two things that matter in investing. What are they going to earn, and what multiple are people going to put on that. Let's not make our business any more complicated than this."

"Starting out in the hedge fund business, I spent ten times the amount of time evaluating an investment that I did interviewing a person. And yet, a giant step back, that person will impact ten, twenty, thirty stocks in your portfolio, so you should do much more diligence on that person than you do on any individual investment."

"You really can prove to yourself whether you know something or not if you can give a fiveminute elevator pitch. If you cannot summarize a complex situation in a three-to-five minute discussion, you do not really understand it."

This is the portfolio chart of Larry Robbins. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Larry Robbins's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Larry+Robbins

This is the sector weightings of his portfolio:

Health Care 28.4%
Industrials 23.6%
Consumer Services 20.9%
Technology 15.2%
Financials 5.2%
Consumer Goods 2.2%
Basic Materials 0.3%


These are the top 5 holdings of Larry Robbins

  1. Life Technologies Corp. (LIFE) - 8,850,612 shares, 8.13% of the total portfolio. Shares added by 9.57%
  2. MCKESSON Corp. (MCK) - 6,349,363 shares, 7.39% of the total portfolio. Shares added by 7.03%
  3. Express Scripts Inc. (ESRX) - 7,514,623 shares, 6.72% of the total portfolio. Shares reduced by 13.75%
  4. Flextronics International Ltd. (FLEX) - 33,094,843 shares, 4.3% of the total portfolio. Shares added by 30.52%
  5. CVS CAREMARK Corp. (CVS) - 7,393,095 shares, 4.25% of the total portfolio. Shares added by 34.59%


Added: Tyco International Ltd. Switzerland (TYC)

Larry Robbins added to his holdings in Tyco International Ltd. Switzerland by 116.89%. His purchase prices were between $36.4 and $42.31, with an estimated average price of $39.16. The impact to his portfolio due to this purchase was 2.01%. His holdings were 5,440,930 shares as of 12/31/2010.

Added: Laboratory Corp. Of Amer. (LH)

Larry Robbins added to his holdings in Laboratory Corp. Of Amer. by 11551.1%. His purchase prices were between $77.92 and $88.92, with an estimated average price of $82.6. The impact to his portfolio due to this purchase was 1.48%. His holdings were 1,025,300 shares as of 12/31/2010.

Added: Hewlett Packard Co (HPQ)

Larry Robbins added to his holdings in Hewlett Packard Co by 69.42%. His purchase prices were between $40.64 and $44.25, with an estimated average price of $42.41. The impact to his portfolio due to this purchase was 1.18%. His holdings were 4,120,246 shares as of 12/31/2010.

Added: Cigna Corp. (CI)

Larry Robbins added to his holdings in Cigna Corp. by 85.44%. His purchase prices were between $34.58 and $38.26, with an estimated average price of $36.49. The impact to his portfolio due to this purchase was 1.15%. His holdings were 4,113,671 shares as of 12/31/2010.

Added: Cvs Caremark Corp. (CVS)

Larry Robbins added to his holdings in Cvs Caremark Corp. by 34.59%. His purchase prices were between $29.65 and $35, with an estimated average price of $31.98. The impact to his portfolio due to this purchase was 1.09%. His holdings were 7,393,095 shares as of 12/31/2010.

Added: Flextronics International Ltd. (FLEX)

Larry Robbins added to his holdings in Flextronics International Ltd. by 30.52%. His purchase prices were between $5.97 and $7.98, with an estimated average price of $7.03. The impact to his portfolio due to this purchase was 1.01%. His holdings were 33,094,843 shares as of 12/31/2010.

Added: Life Technologies Corp. (LIFE)

Larry Robbins added to his holdings in Life Technologies Corp. by 9.57%. His purchase prices were between $45.51 and $55.93, with an estimated average price of $50.85. The impact to his portfolio due to this purchase was 0.71%. His holdings were 8,850,612 shares as of 12/31/2010.

Added: American Int'l Group Inc (AIG)

Larry Robbins added to his holdings in American Int'l Group Inc by 114.73%. His purchase prices were between $39.28 and $59.38, with an estimated average price of $44.93. The impact to his portfolio due to this purchase was 0.6%. His holdings were 1,175,000 shares as of 12/31/2010.

Added: Target Corp. (TGT)

Larry Robbins added to his holdings in Target Corp. by 19.18%. His purchase prices were between $51.94 and $60.26, with an estimated average price of $56.14. The impact to his portfolio due to this purchase was 0.49%. His holdings were 3,052,980 shares as of 12/31/2010.

Added: Mckesson Corp. (MCK)

Larry Robbins added to his holdings in Mckesson Corp. by 7.03%. His purchase prices were between $59.88 and $70.97, with an estimated average price of $65.36. The impact to his portfolio due to this purchase was 0.49%. His holdings were 6,349,363 shares as of 12/31/2010.

Added: Clearwire Corp. (CLWR)

Larry Robbins added to his holdings in Clearwire Corp. by 232.3%. His purchase prices were between $5.005 and $7.77, with an estimated average price of $6.51. The impact to his portfolio due to this purchase was 0.41%. His holdings were 6,797,653 shares as of 12/31/2010.

Added: Goodrich Corp. (GR)

Larry Robbins added to his holdings in Goodrich Corp. by 36.29%. His purchase prices were between $73.11 and $88.56, with an estimated average price of $83.2. The impact to his portfolio due to this purchase was 0.34%. His holdings were 886,779 shares as of 12/31/2010.

Added: Urs Corp. (URS)

Larry Robbins added to his holdings in Urs Corp. by 21.99%. His purchase prices were between $38.24 and $43.39, with an estimated average price of $40.65. The impact to his portfolio due to this purchase was 0.34%. His holdings were 2,770,300 shares as of 12/31/2010.

Added: Cisco Systems Inc. (CSCO)

Larry Robbins added to his holdings in Cisco Systems Inc. by 29.63%. His purchase prices were between $19.07 and $24.49, with an estimated average price of $21.26. The impact to his portfolio due to this purchase was 0.27%. His holdings were 3,563,799 shares as of 12/31/2010.

Added: Emc Corp. (EMC)

Larry Robbins added to his holdings in Emc Corp. by 69.34%. His purchase prices were between $19.61 and $23.09, with an estimated average price of $21.61. The impact to his portfolio due to this purchase was 0.16%. His holdings were 1,045,700 shares as of 12/31/2010.

Added: Owens Corning (OC)

Larry Robbins added to his holdings in Owens Corning by 50%. His purchase prices were between $25.59 and $31.53, with an estimated average price of $28.11. The impact to his portfolio due to this purchase was 0.13%. His holdings were 750,000 shares as of 12/31/2010.

Added: Staples Inc. (SPLS)

Larry Robbins added to his holdings in Staples Inc. by 26.9%. His purchase prices were between $20 and $22.92, with an estimated average price of $21.37. The impact to his portfolio due to this purchase was 0.1%. His holdings were 1,269,000 shares as of 12/31/2010.

New Purchase: Baxter International Inc. (BAX)

Larry Robbins initiated holdings in Baxter International Inc.. His purchase prices were between $47.58 and $51.97, with an estimated average price of $50.28. The impact to his portfolio due to this purchase was 1.39%. His holdings were 1,665,200 shares as of 12/31/2010.

New Purchase: Microsoft Corp. (MSFT)

Larry Robbins initiated holdings in Microsoft Corp.. His purchase prices were between $23.91 and $28.3, with an estimated average price of $26.33. The impact to his portfolio due to this purchase was 1.31%. His holdings were 2,831,798 shares as of 12/31/2010.

New Purchase: Corning Inc. (GLW)

Larry Robbins initiated holdings in Corning Inc.. His purchase prices were between $17.44 and $19.43, with an estimated average price of $18.56. The impact to his portfolio due to this purchase was 1.08%. His holdings were 3,392,500 shares as of 12/31/2010.

New Purchase: Aetna Inc. (AET)

Larry Robbins initiated holdings in Aetna Inc.. His purchase prices were between $29.62 and $31.99, with an estimated average price of $30.68. The impact to his portfolio due to this purchase was 0.91%. His holdings were 1,802,500 shares as of 12/31/2010.

New Purchase: Apollo Group Inc. (APOL)

Larry Robbins initiated holdings in Apollo Group Inc.. His purchase prices were between $34 and $50.49, with an estimated average price of $38.66. The impact to his portfolio due to this purchase was 0.65%. His holdings were 1,000,000 shares as of 12/31/2010.

New Purchase: General Motors Company (GM)

Larry Robbins initiated holdings in General Motors Company. His purchase prices were between $33.25 and $36.82, with an estimated average price of $34.32. The impact to his portfolio due to this purchase was 0.63%. His holdings were 1,035,145 shares as of 12/31/2010.

New Purchase: Talecris Biotherapeutics Holdings Corp. (TLCR)

Larry Robbins initiated holdings in Talecris Biotherapeutics Holdings Corp.. His purchase prices were between $21.36 and $24.52, with an estimated average price of $23.01. The impact to his portfolio due to this purchase was 0.28%. His holdings were 727,300 shares as of 12/31/2010.

New Purchase: Computer Sciences Corp. (CSC)

Larry Robbins initiated holdings in Computer Sciences Corp.. His purchase prices were between $44.63 and $50.01, with an estimated average price of $47.77. The impact to his portfolio due to this purchase was 0.25%. His holdings were 304,672 shares as of 12/31/2010.

New Purchase: The Hartford Financial Services Group In (HIG.WS)

Larry Robbins initiated holdings in The Hartford Financial Services Group In. His purchase prices were between $14.33 and $18.66, with an estimated average price of $16.19. The impact to his portfolio due to this purchase was 0.18%. His holdings were 615,000 shares as of 12/31/2010.

New Purchase: Seagate Technology (STX)

Larry Robbins initiated holdings in Seagate Technology. His purchase prices were between $11.48 and $15.92, with an estimated average price of $14.33. The impact to his portfolio due to this purchase was 0.12%. His holdings were 500,000 shares as of 12/31/2010.

Reduced: Medco Health Solutions Inc. (MHS)

Larry Robbins reduced to his holdings in Medco Health Solutions Inc. by 76.09%. His sale prices were between $50.68 and $63.85, with an estimated average price of $58.24. The impact to his portfolio due to this sale was -3.82%. Larry Robbins still held 1,184,513 shares as of 12/31/2010.

Reduced: Davita Inc. (DVA)

Larry Robbins reduced to his holdings in Davita Inc. by 45.36%. His sale prices were between $68.24 and $74.11, with an estimated average price of $71.52. The impact to his portfolio due to this sale was -2.18%. Larry Robbins still held 2,288,316 shares as of 12/31/2010.

Reduced: Bmc Software Inc. (BMC)

Larry Robbins reduced to his holdings in Bmc Software Inc. by 42.35%. His sale prices were between $39.65 and $48.76, with an estimated average price of $45.16. The impact to his portfolio due to this sale was -1.45%. Larry Robbins still held 2,538,456 shares as of 12/31/2010.

Reduced: Republic Services Inc. (RSG)

Larry Robbins reduced to his holdings in Republic Services Inc. by 53.22%. His sale prices were between $27.88 and $31.87, with an estimated average price of $29.69. The impact to his portfolio due to this sale was -0.96%. Larry Robbins still held 1,694,054 shares as of 12/31/2010.

Reduced: Viacom Inc. (VIA.B)

Larry Robbins reduced to his holdings in Viacom Inc. by 23.02%. His sale prices were between $36.21 and $40.05, with an estimated average price of $38.34. The impact to his portfolio due to this sale was -0.68%. Larry Robbins still held 3,465,239 shares as of 12/31/2010.

Reduced: Wyndham Worldwide Corp. (WYN)

Larry Robbins reduced to his holdings in Wyndham Worldwide Corp. by 42.98%. His sale prices were between $27.37 and $31.08, with an estimated average price of $29.45. The impact to his portfolio due to this sale was -0.35%. Larry Robbins still held 918,187 shares as of 12/31/2010.

Reduced: Waters Corp (WAT)

Larry Robbins reduced to his holdings in Waters Corp by 36.7%. His sale prices were between $69.87 and $80.47, with an estimated average price of $76.23. The impact to his portfolio due to this sale was -0.34%. Larry Robbins still held 462,104 shares as of 12/31/2010.

Reduced: Cit Group Inc. New (CIT)

Larry Robbins reduced to his holdings in Cit Group Inc. New by 35.48%. His sale prices were between $39.46 and $47.05, with an estimated average price of $42.29. The impact to his portfolio due to this sale was -0.24%. Larry Robbins still held 554,600 shares as of 12/31/2010.

Reduced: Radioshack Corp. (RSH)

Larry Robbins reduced to his holdings in Radioshack Corp. by 51.37%. His sale prices were between $18.18 and $22.85, with an estimated average price of $19.96. The impact to his portfolio due to this sale was -0.21%. Larry Robbins still held 650,000 shares as of 12/31/2010.

Reduced: Chimera Investment Corp. (CIM)

Larry Robbins reduced to his holdings in Chimera Investment Corp. by 32.63%. His sale prices were between $3.86 and $4.3, with an estimated average price of $4.1. The impact to his portfolio due to this sale was -0.15%. Larry Robbins still held 4,511,049 shares as of 12/31/2010.

Reduced: Taketwo Interactive Software Inc. (TTWO)

Larry Robbins reduced to his holdings in Taketwo Interactive Software Inc. by 38.35%. His sale prices were between $9.88 and $12.93, with an estimated average price of $11.25. The impact to his portfolio due to this sale was -0.15%. Larry Robbins still held 1,205,848 shares as of 12/31/2010.

Reduced: Discover Financial Services (DFS)

Larry Robbins reduced to his holdings in Discover Financial Services by 20.91%. His sale prices were between $16.31 and $19.27, with an estimated average price of $18.14. The impact to his portfolio due to this sale was -0.1%. Larry Robbins still held 1,235,500 shares as of 12/31/2010.

Reduced: Textron Inc. (TXT)

Larry Robbins reduced to his holdings in Textron Inc. by 20.4%. His sale prices were between $20.66 and $23.98, with an estimated average price of $22.16. The impact to his portfolio due to this sale was -0.06%. Larry Robbins still held 637,653 shares as of 12/31/2010.

Sold Out: Omnicare Inc. (OCR)

Larry Robbins sold out his holdings in Omnicare Inc.. His sale prices were between $22.22 and $25.75, with an estimated average price of $23.92.

Sold Out: Air Products & Chemicals (APD)

Larry Robbins sold out his holdings in Air Products & Chemicals. His sale prices were between $81.3 and $91.25, with an estimated average price of $86.07.

Sold Out: Flowserve Corp. (FLS)

Larry Robbins sold out his holdings in Flowserve Corp.. His sale prices were between $96.98 and $119.32, with an estimated average price of $110.69.

Sold Out: Comcast Corp. (CMCSA)

Larry Robbins sold out his holdings in Comcast Corp.. His sale prices were between $17.66 and $22.25, with an estimated average price of $20.33.

Sold Out: Phh Corp. (PHH)

Larry Robbins sold out his holdings in Phh Corp.. His sale prices were between $18.68 and $23.36, with an estimated average price of $20.88.

Sold Out: Applied Materials Inc. (AMAT)

Larry Robbins sold out his holdings in Applied Materials Inc.. His sale prices were between $11.49 and $14.13, with an estimated average price of $12.69.

Sold Out: Jp Morgan Chase (JPM)

Larry Robbins sold out his holdings in Jp Morgan Chase. His sale prices were between $36.96 and $42.67, with an estimated average price of $39.41.

Sold Out: Broadridge Financial Solutions Inc (BR)

Larry Robbins sold out his holdings in Broadridge Financial Solutions Inc. His sale prices were between $20.59 and $22.88, with an estimated average price of $21.75.

Sold Out: Masco Corp. (MAS)

Larry Robbins sold out his holdings in Masco Corp.. His sale prices were between $10.6 and $13.53, with an estimated average price of $11.71.

Sold Out: Terrestar Corp. (TSTR)

Larry Robbins sold out his holdings in Terrestar Corp.. His sale prices were between $0.1115 and $0.5017, with an estimated average price of $0.3.

Sold Out: Quest Diagnostics Inc. (DGX)

Larry Robbins sold out his holdings in Quest Diagnostics Inc.. His sale prices were between $47.79 and $54.58, with an estimated average price of $51.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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