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GMO Q3 Portfolio: Buys : CVX, TGT, CSCO, ORCL, GOOG, VALE, UNH, MA

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gurufocus

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Influential asset management firm GMO just released their third quarter portfolio. The firm is directed by renowned investment strategist Jeremy Grantham. As of 09/30/2011, GMO LLC owns 729 stocks with a total value of $28.6 billion. These are the details of the buys and sells that have the impact to portfolio of more than 0.1%.

Jeremy Grantham thinks that the market is overvalued. His fair value of S&P 500 is about 950. He thinks that large cap high quality companies will generate above average returns for the coming decade. But in general, he thinks that we will 7 lean years.

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

This is the sector weightings of his portfolio:

Technology 27.1%
Health Care 22.2%
Consumer Goods 19.2%
Oil & Gas 8.8%
Consumer Services 8.6%
Financials 4.6%
Industrials 2.8%
Telecom 2.5%
Basic Materials 1.5%
Not Assigned 1.2%
Utilities 0.3%


These are the top 5 holdings of Jeremy Grantham

  1. Johnson & Johnson (JNJ) - 25,266,599 shares, 5.6% of the total portfolio. Shares reduced by 0.03%
  2. Microsoft Corp. (MSFT) - 63,423,610 shares, 5.5% of the total portfolio. Shares added by 2.01%
  3. Oracle Corp. (ORCL) - 46,345,862 shares, 4.7% of the total portfolio. Shares added by 18.35%
  4. Cisco Systems Inc. (CSCO) - 82,844,318 shares, 4.5% of the total portfolio. Shares added by 21.6%
  5. CocaCola Co. (KO) - 18,544,142 shares, 4.4% of the total portfolio. Shares added by 6.01%


New Purchase: Medco Health Solutions Inc. (MHS)

Jeremy Grantham initiated holdings in Medco Health Solutions Inc.. His purchase prices were between $47.93 and $65.96, with an estimated average price of $54.55. The impact to his portfolio due to this purchase was 0.25%. His holdings were 1,511,200 shares as of 09/30/2011.

Added: Chevron (CVX)

Jeremy Grantham added to his holdings in Chevron by 76.98%. His purchase prices were between $90.01 and $109.43, with an estimated average price of $99.64. The impact to his portfolio due to this purchase was 1.27%. His holdings were 9,007,559 shares as of 09/30/2011.

Added: Target Corp. (TGT)

Jeremy Grantham added to his holdings in Target Corp. by 2285.57%. His purchase prices were between $46.44 and $52.76, with an estimated average price of $50.34. The impact to his portfolio due to this purchase was 0.91%. His holdings were 5,522,451 shares as of 09/30/2011.

Added: Cisco Systems Inc. (CSCO)

Jeremy Grantham added to his holdings in Cisco Systems Inc. by 21.6%. His purchase prices were between $13.73 and $16.67, with an estimated average price of $15.71. The impact to his portfolio due to this purchase was 0.8%. His holdings were 82,844,318 shares as of 09/30/2011.

Added: Oracle Corp. (ORCL)

Jeremy Grantham added to his holdings in Oracle Corp. by 18.35%. His purchase prices were between $24.78 and $34.09, with an estimated average price of $29.37. The impact to his portfolio due to this purchase was 0.72%. His holdings were 46,345,862 shares as of 09/30/2011.

Added: Google Inc. (GOOG)

Jeremy Grantham added to his holdings in Google Inc. by 17.53%. His purchase prices were between $490.92 and $622.52, with an estimated average price of $552.64. The impact to his portfolio due to this purchase was 0.55%. His holdings were 2,046,101 shares as of 09/30/2011.

Added: Vale S.a. Ads Cl A Pfd. (VALE.P)

Jeremy Grantham added to his holdings in Vale S.a. Ads Cl A Pfd. by 60.23%. His purchase prices were between $21.88 and $30.39, with an estimated average price of $26.34. The impact to his portfolio due to this purchase was 0.45%. His holdings were 16,488,158 shares as of 09/30/2011.

Added: Vale Sa (VALE)

Jeremy Grantham added to his holdings in Vale Sa by 195.7%. His purchase prices were between $23.63 and $33.55, with an estimated average price of $28.84. The impact to his portfolio due to this purchase was 0.44%. His holdings were 8,405,641 shares as of 09/30/2011.

Added: Unitedhealth Group Inc. (UNH)

Jeremy Grantham added to his holdings in Unitedhealth Group Inc. by 36.91%. His purchase prices were between $41.85 and $53.13, with an estimated average price of $48.31. The impact to his portfolio due to this purchase was 0.43%. His holdings were 10,017,545 shares as of 09/30/2011.

Added: Mastercard Cl A (MA)

Jeremy Grantham added to his holdings in Mastercard Cl A by 57.61%. His purchase prices were between $291.96 and $353.78, with an estimated average price of $321.96. The impact to his portfolio due to this purchase was 0.42%. His holdings were 1,035,117 shares as of 09/30/2011.

Added: Lowes Cos. (LOW)

Jeremy Grantham added to his holdings in Lowes Cos. by 2168.96%. His purchase prices were between $18.11 and $23.99, with an estimated average price of $20.77. The impact to his portfolio due to this purchase was 0.39%. His holdings were 6,105,776 shares as of 09/30/2011.

Added: Ishares Msci Emerging Market Income Etf (EEM)

Jeremy Grantham added to his holdings in Ishares Msci Emerging Market Income Etf by 448.28%. His purchase prices were between $34.95 and $48.48, with an estimated average price of $42.7. The impact to his portfolio due to this purchase was 0.36%. His holdings were 3,631,827 shares as of 09/30/2011.

Added: Vanguard Msci Emerging Markets Etf (VWO)

Jeremy Grantham added to his holdings in Vanguard Msci Emerging Markets Etf by 233.64%. His purchase prices were between $36 and $49.51, with an estimated average price of $43.77. The impact to his portfolio due to this purchase was 0.35%. His holdings were 3,961,331 shares as of 09/30/2011.

Added: Abbott Laboratories (ABT)

Jeremy Grantham added to his holdings in Abbott Laboratories by 16.65%. His purchase prices were between $46.89 and $53.54, with an estimated average price of $51.34. The impact to his portfolio due to this purchase was 0.35%. His holdings were 13,793,292 shares as of 09/30/2011.

Added: Petroleo Brasileiiro Sa Petrobras (PBR)

Jeremy Grantham added to his holdings in Petroleo Brasileiiro Sa Petrobras by 71.89%. His purchase prices were between $23.07 and $34.75, with an estimated average price of $29.29. The impact to his portfolio due to this purchase was 0.32%. His holdings were 9,849,662 shares as of 09/30/2011.

Added: Petroleo Brasileiro S/a Ads A (PBR.A)

Jeremy Grantham added to his holdings in Petroleo Brasileiro S/a Ads A by 62.57%. His purchase prices were between $21.01 and $31.39, with an estimated average price of $26.63. The impact to his portfolio due to this purchase was 0.32%. His holdings were 11,385,484 shares as of 09/30/2011.

Added: Visa (V)

Jeremy Grantham added to his holdings in Visa by 29.71%. His purchase prices were between $79.24 and $92.84, with an estimated average price of $87.24. The impact to his portfolio due to this purchase was 0.29%. His holdings were 4,299,430 shares as of 09/30/2011.

Added: Colgatepalmolive Co. (CL)

Jeremy Grantham added to his holdings in Colgatepalmolive Co. by 24.4%. His purchase prices were between $80.18 and $93.96, with an estimated average price of $87.94. The impact to his portfolio due to this purchase was 0.26%. His holdings were 4,222,929 shares as of 09/30/2011.

Added: Cocacola Co. (KO)

Jeremy Grantham added to his holdings in Cocacola Co. by 6.01%. His purchase prices were between $63.96 and $71.23, with an estimated average price of $68.68. The impact to his portfolio due to this purchase was 0.25%. His holdings were 18,544,142 shares as of 09/30/2011.

Added: Philip Morris International (PM)

Jeremy Grantham added to his holdings in Philip Morris International by 6.06%. His purchase prices were between $63.38 and $72.35, with an estimated average price of $68.19. The impact to his portfolio due to this purchase was 0.23%. His holdings were 18,727,647 shares as of 09/30/2011.

Added: Express Scripts Inc. (ESRX)

Jeremy Grantham added to his holdings in Express Scripts Inc. by 40.4%. His purchase prices were between $38.29 and $57.3, with an estimated average price of $47.82. The impact to his portfolio due to this purchase was 0.22%. His holdings were 5,887,085 shares as of 09/30/2011.

Added: Zimmer Holdings Inc. (ZMH)

Jeremy Grantham added to his holdings in Zimmer Holdings Inc. by 59.7%. His purchase prices were between $50.98 and $65.73, with an estimated average price of $57.69. The impact to his portfolio due to this purchase was 0.21%. His holdings were 2,974,859 shares as of 09/30/2011.

Added: Hansen Natural Corp. (HANS)

Jeremy Grantham added to his holdings in Hansen Natural Corp. by 66.61%. His purchase prices were between $68.91 and $92.25, with an estimated average price of $82.73. The impact to his portfolio due to this purchase was 0.19%. His holdings were 1,556,255 shares as of 09/30/2011.

Added: Qualcomm Inc. (QCOM)

Jeremy Grantham added to his holdings in Qualcomm Inc. by 10.17%. His purchase prices were between $46.52 and $59.36, with an estimated average price of $52.75. The impact to his portfolio due to this purchase was 0.17%. His holdings were 10,854,755 shares as of 09/30/2011.

Added: Lorillard (LO)

Jeremy Grantham added to his holdings in Lorillard by 47.64%. His purchase prices were between $99.76 and $113.22, with an estimated average price of $108.52. The impact to his portfolio due to this purchase was 0.15%. His holdings were 1,235,513 shares as of 09/30/2011.

Added: Pepsico Inc. (PEP)

Jeremy Grantham added to his holdings in Pepsico Inc. by 5.46%. His purchase prices were between $59.99 and $70.52, with an estimated average price of $64.12. The impact to his portfolio due to this purchase was 0.13%. His holdings were 11,443,259 shares as of 09/30/2011.

Added: Vimpelcom Ltd. Ads (VIP)

Jeremy Grantham added to his holdings in Vimpelcom Ltd. Ads by 189.19%. His purchase prices were between $9.65 and $12.98, with an estimated average price of $11.28. The impact to his portfolio due to this purchase was 0.12%. His holdings were 5,350,684 shares as of 09/30/2011.

Added: Medtronic Inc. (MDT)

Jeremy Grantham added to his holdings in Medtronic Inc. by 13.12%. His purchase prices were between $30.41 and $38.2, with an estimated average price of $34.75. The impact to his portfolio due to this purchase was 0.12%. His holdings were 8,628,149 shares as of 09/30/2011.

Added: Microsoft Corp. (MSFT)

Jeremy Grantham added to his holdings in Microsoft Corp. by 2.01%. His purchase prices were between $24.05 and $28.08, with an estimated average price of $26.18. The impact to his portfolio due to this purchase was 0.11%. His holdings were 63,423,610 shares as of 09/30/2011.

Added: Telefonica Brasil S.a. Ads (VIV)

Jeremy Grantham added to his holdings in Telefonica Brasil S.a. Ads by 205.18%. His purchase prices were between $25.84 and $31.77, with an estimated average price of $29.25. The impact to his portfolio due to this purchase was 0.1%. His holdings were 1,675,220 shares as of 09/30/2011.

Reduced: Altria Group Inc. (MO)

Jeremy Grantham reduced to his holdings in Altria Group Inc. by 53.67%. His sale prices were between $24.36 and $27.19, with an estimated average price of $26.35. The impact to his portfolio due to this sale was -0.41%. Jeremy Grantham still held 3,866,024 shares as of 09/30/2011.

Reduced: United Technologies Corp. (UTX)

Jeremy Grantham reduced to his holdings in United Technologies Corp. by 56.12%. His sale prices were between $67.44 and $91.39, with an estimated average price of $77.63. The impact to his portfolio due to this sale was -0.32%. Jeremy Grantham still held 825,587 shares as of 09/30/2011.

Reduced: Mcdonalds Corp. (MCD)

Jeremy Grantham reduced to his holdings in Mcdonalds Corp. by 27.29%. His sale prices were between $82.11 and $90.79, with an estimated average price of $87.22. The impact to his portfolio due to this sale was -0.31%. Jeremy Grantham still held 2,902,953 shares as of 09/30/2011.

Reduced: 3m Co. (MMM)

Jeremy Grantham reduced to his holdings in 3m Co. by 25.42%. His sale prices were between $72.9 and $97.97, with an estimated average price of $84.37. The impact to his portfolio due to this sale was -0.27%. Jeremy Grantham still held 2,446,726 shares as of 09/30/2011.

Reduced: Bristolmyers Squibb Co. (BMY)

Jeremy Grantham reduced to his holdings in Bristolmyers Squibb Co. by 49.78%. His sale prices were between $26.38 and $31.49, with an estimated average price of $29.18. The impact to his portfolio due to this sale was -0.25%. Jeremy Grantham still held 2,533,558 shares as of 09/30/2011.

Reduced: Eli Lilly & Co. (LLY)

Jeremy Grantham reduced to his holdings in Eli Lilly & Co. by 20.91%. His sale prices were between $34.49 and $39.32, with an estimated average price of $37.04. The impact to his portfolio due to this sale was -0.19%. Jeremy Grantham still held 5,526,173 shares as of 09/30/2011.

Reduced: Kimberlyclark Corp. (KMB)

Jeremy Grantham reduced to his holdings in Kimberlyclark Corp. by 31.95%. His sale prices were between $62.57 and $71.23, with an estimated average price of $67.25. The impact to his portfolio due to this sale was -0.14%. Jeremy Grantham still held 1,338,511 shares as of 09/30/2011.

Reduced: Gilead Sciences Inc. (GILD)

Jeremy Grantham reduced to his holdings in Gilead Sciences Inc. by 28.47%. His sale prices were between $35.34 and $43.21, with an estimated average price of $39.94. The impact to his portfolio due to this sale was -0.13%. Jeremy Grantham still held 2,336,851 shares as of 09/30/2011.

Reduced: Kellogg Co. (K)

Jeremy Grantham reduced to his holdings in Kellogg Co. by 55.66%. His sale prices were between $51.46 and $55.92, with an estimated average price of $54.05. The impact to his portfolio due to this sale was -0.13%. Jeremy Grantham still held 527,630 shares as of 09/30/2011.

Reduced: General Mills Inc. (GIS)

Jeremy Grantham reduced to his holdings in General Mills Inc. by 44.27%. His sale prices were between $34.95 and $39.5, with an estimated average price of $37.33. The impact to his portfolio due to this sale was -0.13%. Jeremy Grantham still held 1,324,941 shares as of 09/30/2011.

Reduced: Clorox Co. (CLX)

Jeremy Grantham reduced to his holdings in Clorox Co. by 79.92%. His sale prices were between $64 and $74.55, with an estimated average price of $68.99. The impact to his portfolio due to this sale was -0.12%. Jeremy Grantham still held 135,584 shares as of 09/30/2011.

Reduced: Kraft Foods Inc. Cl A (KFT)

Jeremy Grantham reduced to his holdings in Kraft Foods Inc. Cl A by 84.51%. His sale prices were between $32.8 and $35.93, with an estimated average price of $34.62. The impact to his portfolio due to this sale was -0.11%. Jeremy Grantham still held 166,562 shares as of 09/30/2011.

Reduced: Ebay Inc. (EBAY)

Jeremy Grantham reduced to his holdings in Ebay Inc. by 35.49%. His sale prices were between $26.95 and $34.42, with an estimated average price of $31.4. The impact to his portfolio due to this sale was -0.1%. Jeremy Grantham still held 1,710,995 shares as of 09/30/2011.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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