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Hedge Fund Blue Ridge Capital Buys CVC, NRG, GM, NG, SOHU, HHC; Sells PFE, KR, MA, V, JCG, LULU

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gurufocus

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John Griffin of hedge fund Blue Ridge Capital reported his Q4 portfolio. As of 12/31/2010, Blue Ridge Capital owns 54 stocks with a total value of $6.6 billion. These are the details of the buys and sells.

Blue Ridge Capital was founded by Mr. John Griffin, who was known as legendary investor Julian Robertson's right hand man. Mr. Griffin is adjunct professor of finance at Columbia Business School and a visiting professor at the University of Virginia. He began his career as a financial analyst for Morgan Stanley Merchant Banking Group before moving on to Tiger Management, where he became president in 1993.

Blue Ridge runs a long-short portfolio. For the long positions the firm focuses on the companies that can produce a superior return over a three to five-year time period. For short positions it focuses the stocks that will underperform, or “not make it”, over a one to two year period. The likely reason their shorts work: the underlying companies fail in a poor economic environment. The portfolio is generally net long. The shorts help the portfolio because they can go to zero in a poor market, whereas the longs may go down a lot, but they will come back based on the strength of the underlying businesses.

Because he owns both long and short positions, Mr. Griffin has the luxury of being somewhat indffierent to the macro environment, which he claims that he had “no idea what is going on", and he is not concerned.

This is the portfolio chart of John Griffin. 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 John Griffin's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=John+Griffin

This is the sector weightings of his portfolio:

Financials 22.2%
Consumer Services 19.1%
Technology 16%
Health Care 10.9%
Oil & Gas 8.6%
Industrials 5.7%
Consumer Goods 1.9%
Basic Materials 1.8%
Utilities 1.1%
Telecommunications 0.1%


These are the top 5 holdings of John Griffin

  1. Amazon.com Inc. (AMZN) - 2,123,000 shares, 5.83% of the total portfolio.
  2. Apple Inc. (AAPL) - 1,128,100 shares, 5.55% of the total portfolio. Shares reduced by 7.92%
  3. JP Morgan Chase (JPM) - 8,520,000 shares, 5.51% of the total portfolio. Shares reduced by 22.55%
  4. MARKET VECTORS GOLD MINERS ETF (GDX) - 4,998,000 shares, 4.68% of the total portfolio. Shares reduced by 8.76%
  5. Express Scripts Inc. (ESRX) - 5,069,000 shares, 4.18% of the total portfolio. Shares added by 30.68%


Added: Express Scripts Inc. (ESRX)

John Griffin added to his holdings in Express Scripts Inc. by 30.68%. His purchase prices were between $47.41 and $55.24, with an estimated average price of $51.7. The impact to his portfolio due to this purchase was 0.98%. His holdings were 5,069,000 shares as of 12/31/2010.

Express Scripts, Inc. is one of the largest pharmacy benefit management companies in North America. Express Scripts Inc. has a market cap of $30.58 billion; its shares were traded at around $58.12 with a P/E ratio of 25.4 and P/S ratio of 1.2. Express Scripts Inc. had an annual average earning growth of 28.8% over the past 10 years. GuruFocus rated Express Scripts Inc. the business predictability rank of 4.5-star.

Added: The Western Union Company (WU)

John Griffin added to his holdings in The Western Union Company by 52.3%. His purchase prices were between $17.41 and $18.81, with an estimated average price of $18.09. The impact to his portfolio due to this purchase was 0.98%. His holdings were 10,090,000 shares as of 12/31/2010.

The Western Union Company is a provider of global money-transfer services. The Western Union Company has a market cap of $14.08 billion; its shares were traded at around $21.47 with a P/E ratio of 15.2 and P/S ratio of 2.7. The dividend yield of The Western Union Company stocks is 1.3%. The Western Union Company had an annual average earning growth of 3.2% over the past 5 years.

Added: Valeant Pharmaceuticals International (VRX)

John Griffin added to his holdings in Valeant Pharmaceuticals International by 20.06%. His purchase prices were between $24.59 and $30.28, with an estimated average price of $27.13. The impact to his portfolio due to this purchase was 0.63%. His holdings were 8,705,465 shares as of 12/31/2010.

Valeant Pharmaceuticals International, Inc. is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and branded generics. Valeant Pharmaceuticals International has a market cap of $12.34 billion; its shares were traded at around $41.14 with a P/E ratio of 35.5 and P/S ratio of 15. The dividend yield of Valeant Pharmaceuticals International stocks is 0.9%. Valeant Pharmaceuticals International had an annual average earning growth of 10.8% over the past 5 years.

Added: Netflix Inc. (NFLX)

John Griffin added to his holdings in Netflix Inc. by 42%. His purchase prices were between $149.33 and $205.9, with an estimated average price of $174.43. The impact to his portfolio due to this purchase was 0.56%. His holdings were 710,000 shares as of 12/31/2010.

Netflix Inc. is the largest online movie rental subscription service in the United States providing subscribers access to a comprehensive library of more than 18,000 movie, television and other filmed entertainment titles. Netflix Inc. has a market cap of $12.94 billion; its shares were traded at around $247.55 with a P/E ratio of 83.6 and P/S ratio of 6. Netflix Inc. had an annual average earning growth of 153.6% over the past 5 years.

Added: Ivanhoe Energy Inc. (IVAN)

John Griffin added to his holdings in Ivanhoe Energy Inc. by 308.77%. His purchase prices were between $2.1 and $2.88, with an estimated average price of $2.43. The impact to his portfolio due to this purchase was 0.22%. His holdings were 7,080,000 shares as of 12/31/2010.

Ivanhoe Energy is an independent international oil and gas exploration and development company building long-term growth in its reserve base and production. Ivanhoe Energy Inc. has a market cap of $1.15 billion; its shares were traded at around $3.44 with and P/S ratio of 46.

New Purchase: Cablevision Systems Corp. (CVC)

John Griffin initiated holdings in Cablevision Systems Corp.. His purchase prices were between $26.03 and $34.72, with an estimated average price of $30.05. The impact to his portfolio due to this purchase was 1.69%. His holdings were 3,280,000 shares as of 12/31/2010.

Cablevision Systems Corp. is one of the nation's entertainment and telecommunications companies. Cablevision Systems Corp. has a market cap of $11.32 billion; its shares were traded at around $37.72 with a P/E ratio of 24.3 and P/S ratio of 1.5. The dividend yield of Cablevision Systems Corp. stocks is 1.3%. Cablevision Systems Corp. had an annual average earning growth of 6.8% over the past 10 years.

New Purchase: Nrg Energy Inc. (NRG)

John Griffin initiated holdings in Nrg Energy Inc.. His purchase prices were between $18.31 and $21.49, with an estimated average price of $19.77. The impact to his portfolio due to this purchase was 1.05%. His holdings were 3,510,000 shares as of 12/31/2010.

NRG Energy Inc owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. Nrg Energy Inc. has a market cap of $5.1 billion; its shares were traded at around $20.63 with a P/E ratio of 15.9 and P/S ratio of 0.6. Nrg Energy Inc. had an annual average earning growth of 36.7% over the past 10 years. GuruFocus rated Nrg Energy Inc. the business predictability rank of 3-star.

New Purchase: Novagold Resources Inc. (NG)

John Griffin initiated holdings in Novagold Resources Inc.. His purchase prices were between $8.61 and $16.19, with an estimated average price of $12.71. The impact to his portfolio due to this purchase was 0.84%. His holdings were 3,860,000 shares as of 12/31/2010.

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 $3.34 billion; its shares were traded at around $14.39 with and P/S ratio of 2390.

New Purchase: General Motors Company (GM)

John Griffin 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 0.84%. His holdings were 1,500,000 shares as of 12/31/2010.

General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. General Motors Company has a market cap of $57.04 billion; its shares were traded at around $36.29 .

New Purchase: Sohu.com Inc. (SOHU)

John Griffin initiated holdings in Sohu.com Inc.. His purchase prices were between $58.45 and $80.32, with an estimated average price of $69.19. The impact to his portfolio due to this purchase was 0.75%. His holdings were 770,000 shares as of 12/31/2010.

Sohu.com Inc. is a Internet portal in China in terms of brand recognition, page views and registered users. Sohu.com Inc. has a market cap of $3.34 billion; its shares were traded at around $88.01 with a P/E ratio of 23.9 and P/S ratio of 5.4. Sohu.com Inc. had an annual average earning growth of 67.7% over the past 5 years.

New Purchase: The Howard Hughes Corp. (HHC)

John Griffin initiated holdings in The Howard Hughes Corp.. His purchase prices were between $36.9 and $56, with an estimated average price of $47.13. The impact to his portfolio due to this purchase was 0.48%. His holdings were 582,390 shares as of 12/31/2010.

Howard Hughes Corporation operates as a real estate company engaged in the development of master planned communities and other strategic real estate development opportunities across the United States. The Howard Hughes Corp. has a market cap of $2.01 billion; its shares were traded at around $53.37 .

New Purchase: Wells Fargo & Co. Warrants Expiring 10/28/18 (WFC.WS)

John Griffin initiated holdings in Wells Fargo & Co. Warrants Expiring 10/28/18. His purchase prices were between $7.74 and $11.2899, with an estimated average price of $9.22. The impact to his portfolio due to this purchase was 0.22%. His holdings were 1,275,100 shares as of 12/31/2010.

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New Purchase: Northeast Bancorp (NBN)

John Griffin initiated holdings in Northeast Bancorp. His purchase prices were between $12.61 and $17.8, with an estimated average price of $14.37. The impact to his portfolio due to this purchase was 0.04%. His holdings were 157,040 shares as of 12/31/2010.

NORTHEAST BANCORP (ME)is a savings and loan holding company whose primary assets is its subsidiary, Northeast Bank, F. Northeast Bancorp has a market cap of $34.4 million; its shares were traded at around $14.77 with a P/E ratio of 16.2 and P/S ratio of 0.8. The dividend yield of Northeast Bancorp stocks is 2.4%.

New Purchase: Tal Education Group (XRS)

John Griffin initiated holdings in Tal Education Group. His purchase prices were between $14.29 and $18, with an estimated average price of $15.91. The impact to his portfolio due to this purchase was 0.03%. His holdings were 125,000 shares as of 12/31/2010.

TAL Education Group provides K-12 after-school tutoring service in China. Tal Education Group has a market cap of $151.1 million; its shares were traded at around $12.59 .

Reduced: Jp Morgan Chase (JPM)

John Griffin reduced to his holdings in Jp Morgan Chase by 22.55%. His sale prices were between $36.96 and $42.67, with an estimated average price of $39.41. The impact to his portfolio due to this sale was -1.6%. John Griffin still held 8,520,000 shares as of 12/31/2010.

J.P. Morgan Chase & Co. is a global financial services firm. Jp Morgan Chase has a market cap of $181.93 billion; its shares were traded at around $46.54 with a P/E ratio of 11.8 and P/S ratio of 1.8. The dividend yield of Jp Morgan Chase stocks is 0.4%.

Reduced: Citrix Systems Inc. (CTXS)

John Griffin reduced to his holdings in Citrix Systems Inc. by 29.7%. His sale prices were between $55.69 and $70.88, with an estimated average price of $65.34. The impact to his portfolio due to this sale was -1.35%. John Griffin still held 3,065,000 shares as of 12/31/2010.

Citrix Systems, Inc. is one of the suppliers of application delivery and management software and services that enable the effective and efficient enterprise-wide deployment and management of applications. Citrix Systems Inc. has a market cap of $13.66 billion; its shares were traded at around $72.77 with a P/E ratio of 44.6 and P/S ratio of 7.3. Citrix Systems Inc. had an annual average earning growth of 5.8% over the past 10 years. GuruFocus rated Citrix Systems Inc. the business predictability rank of 4-star.

Reduced: Crown Castle Intl. Corp. (CCI)

John Griffin reduced to his holdings in Crown Castle Intl. Corp. by 25.06%. His sale prices were between $41.5 and $44.06, with an estimated average price of $42.49. The impact to his portfolio due to this sale was -1.07%. John Griffin still held 4,783,750 shares as of 12/31/2010.

Crown Castle International is a owner and operator of towers and transmission networks for wireless communications and broadcast transmission companies. Crown Castle Intl. Corp. has a market cap of $13.42 billion; its shares were traded at around $46.17 with and P/S ratio of 7.1. Crown Castle Intl. Corp. had an annual average earning growth of 11.8% over the past 10 years.

Reduced: Starwood Hotels & Resorts (HOT)

John Griffin reduced to his holdings in Starwood Hotels & Resorts by 58.18%. His sale prices were between $52.51 and $62.41, with an estimated average price of $57.42. The impact to his portfolio due to this sale was -1.04%. John Griffin still held 805,000 shares as of 12/31/2010.

Starwood Hotels & Resorts Worldwide, Inc. is one of the world's largesthotel operating companies. Starwood Hotels & Resorts has a market cap of $12.39 billion; its shares were traded at around $65 with a P/E ratio of 52 and P/S ratio of 2.4. The dividend yield of Starwood Hotels & Resorts stocks is 0.5%.

Reduced: Range Resources Corp (RRC)

John Griffin reduced to his holdings in Range Resources Corp by 21.3%. His sale prices were between $35.73 and $45.64, with an estimated average price of $40.72. The impact to his portfolio due to this sale was -0.72%. John Griffin still held 3,880,000 shares as of 12/31/2010.

Range Resources Corp. acquires, develops, and finances oil and gas properties in the U. Range Resources Corp has a market cap of $7.87 billion; its shares were traded at around $49.17 with a P/E ratio of 69.2 and P/S ratio of 8.7. The dividend yield of Range Resources Corp stocks is 0.3%. Range Resources Corp had an annual average earning growth of 14.2% over the past 10 years.

Reduced: Liberty Global Inc. (LBTYA)

John Griffin reduced to his holdings in Liberty Global Inc. by 25.4%. His sale prices were between $30.71 and $40.15, with an estimated average price of $35.67. The impact to his portfolio due to this sale was -0.51%. John Griffin still held 2,775,000 shares as of 12/31/2010.

Liberty Global owns interests primarily in broadband distribution and content companies operating outside the continental U. Liberty Global Inc. has a market cap of $10.2 billion; its shares were traded at around $42.07 with and P/S ratio of 0.9. Liberty Global Inc. had an annual average earning growth of 52.3% over the past 5 years.

Sold Out: Pfizer Inc. (PFE)

John Griffin sold out his holdings in Pfizer Inc.. His sale prices were between $16.3 and $17.8, with an estimated average price of $17.16.

Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc. has a market cap of $152.59 billion; its shares were traded at around $19.05 with a P/E ratio of 8.5 and P/S ratio of 2.2. The dividend yield of Pfizer Inc. stocks is 4.2%. Pfizer Inc. had an annual average earning growth of 1.8% over the past 10 years.

Sold Out: Kroger Company (KR)

John Griffin sold out his holdings in Kroger Company. His sale prices were between $20.63 and $23.86, with an estimated average price of $22.03.

Kroger Company is one of the larger grocery retailers in the United States. Kroger Company has a market cap of $14.26 billion; its shares were traded at around $22.43 with a P/E ratio of 13.2 and P/S ratio of 0.2. The dividend yield of Kroger Company stocks is 1.9%. Kroger Company had an annual average earning growth of 3.8% over the past 10 years. GuruFocus rated Kroger Company the business predictability rank of 3-star.

Sold Out: Mastercard Inc. (MA)

John Griffin sold out his holdings in Mastercard Inc.. His sale prices were between $217.4 and $259.35, with an estimated average price of $238.18.

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 $33.37 billion; its shares were traded at around $254.96 with a P/E ratio of 18.1 and P/S ratio of 6. The dividend yield of Mastercard Inc. stocks is 0.2%.

Sold Out: Visa Inc. (V)

John Griffin sold out his holdings in Visa Inc.. His sale prices were between $66.9 and $80.89, with an estimated average price of $75.87.

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 $63.24 billion; its shares were traded at around $75.74 with a P/E ratio of 18.4 and P/S ratio of 7.8. The dividend yield of Visa Inc. stocks is 0.8%.

Sold Out: J. Crew Group Inc. (JCG)

John Griffin sold out his holdings in J. Crew Group Inc.. His sale prices were between $31.23 and $44.13, with an estimated average price of $38.07.

J.Crew Group, Inc. operates as a multi-channel specialty retailer in the United States. J. Crew Group Inc. has a market cap of $2.78 billion; its shares were traded at around $43.47 with a P/E ratio of 18.1 and P/S ratio of 1.8.

Sold Out: Lululemon Athletica Inc. (LULU)

John Griffin sold out his holdings in Lululemon Athletica Inc.. His sale prices were between $43.09 and $73.51, with an estimated average price of $53.43.

LULULEMON ATHLETICA is a yoga inspired athletic apparel company that creates components for people to live longer, healthier and more fun lives. Lululemon Athletica Inc. has a market cap of $4.42 billion; its shares were traded at around $83.7 with a P/E ratio of 62.9 and P/S ratio of 9.8.

Sold Out: Interoil Corp. (IOC)

John Griffin sold out his holdings in Interoil Corp.. His sale prices were between $65.36 and $80.26, with an estimated average price of $73.65.

Interoil Corp is a vertically integrated energy company whose primary focus is Papua New Guinea and the surrounding region. Interoil Corp. has a market cap of $3.25 billion; its shares were traded at around $75.92 with a P/E ratio of 101.2 and P/S ratio of 4.7.

Sold Out: Genpact Ltd. (G)

John Griffin sold out his holdings in Genpact Ltd.. His sale prices were between $13.92 and $18.5, with an estimated average price of $15.72.

Genpact manages business processes for companies around the world. Genpact Ltd. has a market cap of $3.21 billion; its shares were traded at around $14.53 with a P/E ratio of 21.7 and P/S ratio of 2.5.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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