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Hedge Fund Giant Tiger Management Reports Q2 Portfolio: Buys TEVA, CXO, AMAP, TAOM, SIRI, AAPL, GS

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gurufocus

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This is the Q1 portfolio update for legendary hedge fund manager Julian Robertson at Tiger Management. The portfolio is primarily Mr. Robertson’s personal investment.

Mr. Robertson is regarded as the founder of the whole hedge fund industry. He had tremendous success from 1980 through 2000, when his flagship fund compounded 31.5%, and his assets grew from a few hundred million to $26 billion in 2008.

In addition to his own success with his fund, Mr. Robertson has taught and seeded a group of hedge fund managers who are called Tiger Cubs or Tiger Seeds. Many of the Tiger Cubs are also great investors and have been very successful on their own. GuruFocus tracks the portfolios of a few of them, including John Griffin of Blue Ridge Capital, Lee Ainslie of Maverick Capital, Andreas Halvorsen of Viking Global, and Steve Mandel of Lone Pine Capital.

Julian Robertson buys Teva Pharmaceutical Industries Ltd., Concho Resources, Autonavi Holdings Ltd. Ads, Apple Inc., Taomee Holdings Ltd. Ads, The Goldman Sachs Group Inc., Valeant Pharmaceuticals International Inc., Sirius Xm Radio Inc., sells Lyondellbasell Industries Cl A, Smurfitstone Container Corp, Petroleum Development Corp., Chinacache International Holdings Ltd. during the 3-months ended 06/30/2011, according to the most recent filings of his investment company, Tiger Management. As of 06/30/2011, Tiger Management owns 28 stocks with a total value of $373 million. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Technology 26.3%
Health Care 22.7%
Consumer Services 18.6%
Financials 18.4%
Oil & Gas 9.6%
Not Assigned 3.8%
Industrials 0.5%
Consumer Goods 0.1%


These are the top 5 holdings of Julian Robertson

  1. Apple Inc. (AAPL) - 106,330 shares, 9.5648% of the total portfolio. Shares added by 31.06%
  2. Amazon.com Inc. (AMZN) - 143,355 shares, 7.8559% of the total portfolio. Shares reduced by 4.65%
  3. Valeant Pharmaceuticals International Inc. (VRX) - 481,600 shares, 6.706% of the total portfolio. Shares added by 7.26%
  4. MasterCard Cl A (MA) - 82,080 shares, 6.6283% of the total portfolio. Shares reduced by 6.07%
  5. The Goldman Sachs Group Inc. (GS) - 168,550 shares, 6.0114% of the total portfolio. Shares added by 17.46%


Added: Apple Inc. (AAPL)

Julian Robertson added to his holdings in Apple Inc. by 31.06%. His purchase prices were between $315.32 and $353.009, with an estimated average price of $337.64. The impact to his portfolio due to this purchase was 2.27%. His holdings were 106,330 shares as of 06/30/2011.

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 $348.62 billion; its shares were traded at around $373.7 with a P/E ratio of 14.92 and P/S ratio of 5.34. Apple Inc. had an annual average earnings growth of 59.8% over the past 5 years.

Added: The Goldman Sachs Group Inc. (GS)

Julian Robertson added to his holdings in The Goldman Sachs Group Inc. by 17.46%. His purchase prices were between $129.26 and $161.89, with an estimated average price of $144. The impact to his portfolio due to this purchase was 0.89%. His holdings were 168,550 shares as of 06/30/2011.

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. The Goldman Sachs Group Inc. has a market cap of $60.3 billion; its shares were traded at around $118.1 with a P/E ratio of 11.44 and P/S ratio of 1.54. The dividend yield of The Goldman Sachs Group Inc. stocks is 1.2%. The Goldman Sachs Group Inc. had an annual average earnings growth of 9.8% over the past 10 years.

Added: Valeant Pharmaceuticals International Inc. (VRX)

Julian Robertson added to his holdings in Valeant Pharmaceuticals International Inc. by 7.26%. His purchase prices were between $48.24 and $54.05, with an estimated average price of $51.71. The impact to his portfolio due to this purchase was 0.45%. His holdings were 481,600 shares as of 06/30/2011.

Valeant Pharmaceuticals International, Inc. is a 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 Inc. has a market cap of $12.01 billion; its shares were traded at around $38.68 with a P/E ratio of 28.99 and P/S ratio of 10.17.

New Purchase: Teva Pharmaceutical Industries Ltd. (TEVA)

Julian Robertson initiated holdings in Teva Pharmaceutical Industries Ltd.. His purchase prices were between $45.01 and $50.9, with an estimated average price of $48.68. The impact to his portfolio due to this purchase was 4.71%. His holdings were 364,400 shares as of 06/30/2011.

TEVA Pharmaceuticals USA, the business is to develop, manufacture, and market generic pharmaceuticals. Teva Pharmaceutical Industries Ltd. has a market cap of $35.41 billion; its shares were traded at around $39.69 with a P/E ratio of 8.46 and P/S ratio of 2.2. The dividend yield of Teva Pharmaceutical Industries Ltd. stocks is 2.01%. Teva Pharmaceutical Industries Ltd. had an annual average earnings growth of 20.7% over the past 10 years. GuruFocus rated Teva Pharmaceutical Industries Ltd. the business predictability rank of 4-star.

New Purchase: Concho Resources (CXO)

Julian Robertson initiated holdings in Concho Resources. His purchase prices were between $84.65 and $109.4, with an estimated average price of $94.82. The impact to his portfolio due to this purchase was 4.32%. His holdings were 175,400 shares as of 06/30/2011.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties. Concho Resources has a market cap of $8.69 billion; its shares were traded at around $85.59 with a P/E ratio of 24.66 and P/S ratio of 8.94.

New Purchase: Autonavi Holdings Ltd. Ads (AMAP)

Julian Robertson initiated holdings in Autonavi Holdings Ltd. Ads. His purchase prices were between $14.46 and $19.95, with an estimated average price of $17.21. The impact to his portfolio due to this purchase was 2.44%. His holdings were 612,659 shares as of 06/30/2011.

AutoNavi Holdings Limited is a provider of digital map content and navigation and location-based solutions in China. Autonavi Holdings Ltd. Ads has a market cap of $758.5 million; its shares were traded at around $15.66 with a P/E ratio of 26.72 and P/S ratio of 8.84.

New Purchase: Taomee Holdings Ltd. Ads (TAOM)

Julian Robertson initiated holdings in Taomee Holdings Ltd. Ads. His purchase prices were between $8.23 and $10.21, with an estimated average price of $9.64. The impact to his portfolio due to this purchase was 1.37%. His holdings were 500,000 shares as of 06/30/2011.

Taomee Holdings Ltd. is a children's' entertainment and media company in the People's Republic of China. Taomee Holdings Ltd. Ads has a market cap of $460.72 million; its shares were traded at around $12.82 with and P/S ratio of 12.81.

New Purchase: Sirius Xm Radio Inc. (SIRI)

Julian Robertson initiated holdings in Sirius Xm Radio Inc.. His purchase prices were between $1.65 and $2.37, with an estimated average price of $2.04. The impact to his portfolio due to this purchase was 0.06%. His holdings were 100,000 shares as of 06/30/2011.

Sirius Satellite Radio is building a digital satellite radio system that will broadcast up to 100 channels of music and entertainment programming to motorists throughout the continental United States. Sirius Xm Radio Inc. has a market cap of $7.38 billion; its shares were traded at around $1.86 with a P/E ratio of 23.38 and P/S ratio of 2.62.

Sold Out: Lyondellbasell Industries Cl A (LYB)

Julian Robertson sold out his holdings in Lyondellbasell Industries Cl A. His sale prices were between $36.56 and $44.57, with an estimated average price of $40.57.

LyondellBasell Industries AF S.C.A is a manufactures chemicals and derivatives. Lyondellbasell Industries Cl A has a market cap of $19.27 billion; its shares were traded at around $34.02 with a P/E ratio of 6.6 and P/S ratio of 0.47. The dividend yield of Lyondellbasell Industries Cl A stocks is 0.29%.

Sold Out: Petroleum Development Corp. (PETD)

Julian Robertson sold out his holdings in Petroleum Development Corp.. His sale prices were between $29.14 and $47.43, with an estimated average price of $36.27.

Petroleum Development Corporation is an independent energy company engaged primarily in the development, production and marketing of natural gas and oil. Petroleum Development Corp. has a market cap of $607.16 million; its shares were traded at around $25.61 with and P/S ratio of 1.75. Petroleum Development Corp. had an annual average earnings growth of 14.7% over the past 10 years.

Sold Out: Chinacache International Holdings Ltd. (CCIH)

Julian Robertson sold out his holdings in Chinacache International Holdings Ltd.. His sale prices were between $6.5 and $18.51, with an estimated average price of $12.77.

ChinaCache International Holdings Ltd. provides Internet content and application delivery services to businesses, government agencies and other enterprises in China. Chinacache International Holdings Ltd. has a market cap of $185.93 million; its shares were traded at around $7.49 with and P/S ratio of 3.04.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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