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Hussman Fund Q4 Portfolio Overview

gurufocus

gurufocus

371 followers
John Hussman of Hussman Economtrics Advisors just reported his fourth quarter portfolio. Hussman is heavily invested in health care and consumer services industry. For a long time he has been very bearish, thinking market is overvalued and has hedged his portfolio. He avoided heavy loss in 2008, but he also missed the gains during the market recovery started in 2009. For the last 10-year period, his strategic growth fund has averaged 3.8%. As of 12/31/2011, Hussman Economtrics Advisors owns 218 stocks with a total value of $6.2 billion. These are the details of the buys and sells that have the impact to portfolio of more than .1%.

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

This is the sector weightings of his portfolio:

Health Care 29.4%
Consumer Services 23.7%
Technology 16.5%
Consumer Goods 11.7%
Basic Materials 6.8%
Financials 3.1%
Oil & Gas 2.9%
Industrials 2.4%
Telecom 2.4%
Utilities 0.4%


These are the top 5 holdings of John Hussman

  1. Panera Bread Company (PNRA) - 1,228,000 shares, 2.8% of the total portfolio. Shares reduced by 5.54%
  2. AstraZeneca PLC ADS (AZN) - 3,016,000 shares, 2.2% of the total portfolio.
  3. Biogen Idec Inc (BIIB) - 1,163,000 shares, 2.0% of the total portfolio. Shares reduced by 2.43%
  4. Intel Corp. (INTC) - 5,000,000 shares, 1.9% of the total portfolio. Shares added by 42.86%
  5. CocaCola Co. (KO) - 1,603,000 shares, 1.8% of the total portfolio. Shares reduced by 19.85%


New Purchase: Vertex Pharmaceuticals Inc. (VRTX)

John Hussman initiated holdings in Vertex Pharmaceuticals Inc.. His purchase prices were between $26.6 and $45.12, with an estimated average price of $35.09. The impact to his portfolio due to this purchase was 0.96%. His holdings were 1,800,000 shares as of 12/31/2011.

New Purchase: Procter & Gamble Co. (PG)

John Hussman initiated holdings in Procter & Gamble Co.. His purchase prices were between $61 and $66.97, with an estimated average price of $64.24. The impact to his portfolio due to this purchase was 0.53%. His holdings were 500,000 shares as of 12/31/2011.

New Purchase: Marathon Oil Corp. (MRO)

John Hussman initiated holdings in Marathon Oil Corp.. His purchase prices were between $20.27 and $29.34, with an estimated average price of $26.34. The impact to his portfolio due to this purchase was 0.47%. His holdings were 1,000,000 shares as of 12/31/2011.

New Purchase: Oracle Corp. (ORCL)

John Hussman initiated holdings in Oracle Corp.. His purchase prices were between $25.51 and $33.69, with an estimated average price of $30.64. The impact to his portfolio due to this purchase was 0.41%. His holdings were 1,000,000 shares as of 12/31/2011.

New Purchase: Covidien (COV)

John Hussman initiated holdings in Covidien. His purchase prices were between $42.16 and $48.25, with an estimated average price of $45.07. The impact to his portfolio due to this purchase was 0.36%. His holdings were 500,000 shares as of 12/31/2011.

New Purchase: Check Point Software Technologies Ltd. (CHKP)

John Hussman initiated holdings in Check Point Software Technologies Ltd.. His purchase prices were between $51.7 and $60.17, with an estimated average price of $55.99. The impact to his portfolio due to this purchase was 0.26%. His holdings were 309,000 shares as of 12/31/2011.

New Purchase: Whirlpool Corp. (WHR)

John Hussman initiated holdings in Whirlpool Corp.. His purchase prices were between $45.37 and $60.47, with an estimated average price of $51.55. The impact to his portfolio due to this purchase was 0.16%. His holdings were 216,000 shares as of 12/31/2011.

New Purchase: Public Service Enterprise Group (PEG)

John Hussman initiated holdings in Public Service Enterprise Group. His purchase prices were between $30.64 and $34.43, with an estimated average price of $32.73. The impact to his portfolio due to this purchase was 0.13%. His holdings were 250,000 shares as of 12/31/2011.

Sold Out: Dollar Tree Inc. (DLTR)

John Hussman sold out his holdings in Dollar Tree Inc.. His sale prices were between $73.68 and $84.34, with an estimated average price of $79.7.

Sold Out: International Business Machines Corp (IBM)

John Hussman sold out his holdings in International Business Machines Corp. His sale prices were between $173.29 and $194.56, with an estimated average price of $184.45.

Sold Out: Netflix Inc. (NFLX)

John Hussman sold out his holdings in Netflix Inc.. His sale prices were between $63.858 and $123.24, with an estimated average price of $86.97.

Sold Out: Target Corp. (TGT)

John Hussman sold out his holdings in Target Corp.. His sale prices were between $47.8 and $55.79, with an estimated average price of $52.58.

Sold Out: Analog Devices Inc. (ADI)

John Hussman sold out his holdings in Analog Devices Inc.. His sale prices were between $31.07 and $37.7, with an estimated average price of $35.14.

Sold Out: Ball Corp. (BLL)

John Hussman sold out his holdings in Ball Corp.. His sale prices were between $30.22 and $35.88, with an estimated average price of $34.31.

Sold Out: Celgene Corp. (CELG)

John Hussman sold out his holdings in Celgene Corp.. His sale prices were between $60.24 and $68.01, with an estimated average price of $64.4.

Sold Out: Intuitive Surgical Inc. (ISRG)

John Hussman sold out his holdings in Intuitive Surgical Inc.. His sale prices were between $348.76 and $466.03, with an estimated average price of $421.58.

Sold Out: Corning Inc. (GLW)

John Hussman sold out his holdings in Corning Inc.. His sale prices were between $11.88 and $15.53, with an estimated average price of $13.79.

Sold Out: Shutterfly Inc. (SFLY)

John Hussman sold out his holdings in Shutterfly Inc.. His sale prices were between $22.54 and $48.78, with an estimated average price of $36.16.

Sold Out: Conocophillips (COP)

John Hussman sold out his holdings in Conocophillips. His sale prices were between $60.99 and $72.94, with an estimated average price of $69.61.

Sold Out: Hanesbrands (HBI)

John Hussman sold out his holdings in Hanesbrands. His sale prices were between $21.84 and $27.66, with an estimated average price of $24.67.

Sold Out: Advance Auto Parts Inc. (AAP)

John Hussman sold out his holdings in Advance Auto Parts Inc.. His sale prices were between $56.3 and $70.92, with an estimated average price of $65.82.

Sold Out: Us Airways Group Inc. (LCC)

John Hussman sold out his holdings in Us Airways Group Inc.. His sale prices were between $4 and $6.3, with an estimated average price of $5.31.

Sold Out: Tupperware Brands Corp. (TUP)

John Hussman sold out his holdings in Tupperware Brands Corp.. His sale prices were between $51.02 and $60.19, with an estimated average price of $55.42.

Sold Out: Computer Sciences Corp. (CSC)

John Hussman sold out his holdings in Computer Sciences Corp.. His sale prices were between $22.93 and $32.97, with an estimated average price of $27.41.

Sold Out: Pnc Financial Services Group Inc. (PNC)

John Hussman sold out his holdings in Pnc Financial Services Group Inc.. His sale prices were between $46.24 and $58.57, with an estimated average price of $52.98.

Added: Walgreen Co. (WAG)

John Hussman added to his holdings in Walgreen Co. by 200%. His purchase prices were between $30.74 and $35.34, with an estimated average price of $33.21. The impact to his portfolio due to this purchase was 1.07%. His holdings were 3,000,000 shares as of 12/31/2011.

Added: Intel Corp. (INTC)

John Hussman added to his holdings in Intel Corp. by 42.86%. His purchase prices were between $20.62 and $25.66, with an estimated average price of $23.87. The impact to his portfolio due to this purchase was 0.57%. His holdings were 5,000,000 shares as of 12/31/2011.

Added: Colgatepalmolive Co. (CL)

John Hussman added to his holdings in Colgatepalmolive Co. by 33.33%. His purchase prices were between $86.48 and $93.92, with an estimated average price of $90.12. The impact to his portfolio due to this purchase was 0.37%. His holdings were 1,000,000 shares as of 12/31/2011.

Added: Dell Inc. (DELL)

John Hussman added to his holdings in Dell Inc. by 42.86%. His purchase prices were between $13.91 and $16.62, with an estimated average price of $15.36. The impact to his portfolio due to this purchase was 0.36%. His holdings were 5,000,000 shares as of 12/31/2011.

Added: Eli Lilly & Co. (LLY)

John Hussman added to his holdings in Eli Lilly & Co. by 66.67%. His purchase prices were between $35.58 and $41.75, with an estimated average price of $38.33. The impact to his portfolio due to this purchase was 0.33%. His holdings were 1,250,000 shares as of 12/31/2011.

Added: St. Jude Medical Inc. (STJ)

John Hussman added to his holdings in St. Jude Medical Inc. by 51.67%. His purchase prices were between $32.16 and $41.85, with an estimated average price of $36.98. The impact to his portfolio due to this purchase was 0.28%. His holdings were 1,500,000 shares as of 12/31/2011.

Added: Johnson & Johnson (JNJ)

John Hussman added to his holdings in Johnson & Johnson by 25%. His purchase prices were between $61.27 and $66.02, with an estimated average price of $63.97. The impact to his portfolio due to this purchase was 0.26%. His holdings were 1,250,000 shares as of 12/31/2011.

Added: Cubist Pharmaceuticals Inc. (CBST)

John Hussman added to his holdings in Cubist Pharmaceuticals Inc. by 798.04%. His purchase prices were between $34.05 and $40.38, with an estimated average price of $37.51. The impact to his portfolio due to this purchase was 0.26%. His holdings were 458,000 shares as of 12/31/2011.

Added: Kroger Co. (KR)

John Hussman added to his holdings in Kroger Co. by 65%. His purchase prices were between $21.74 and $24.48, with an estimated average price of $23.07. The impact to his portfolio due to this purchase was 0.25%. His holdings were 1,650,000 shares as of 12/31/2011.

Added: Becton Dickinson & Co. (BDX)

John Hussman added to his holdings in Becton Dickinson & Co. by 53.06%. His purchase prices were between $70.65 and $79.64, with an estimated average price of $73.74. The impact to his portfolio due to this purchase was 0.19%. His holdings were 450,000 shares as of 12/31/2011.

Added: Qualcomm Inc. (QCOM)

John Hussman added to his holdings in Qualcomm Inc. by 48.4%. His purchase prices were between $47.65 and $57.4, with an estimated average price of $53.69. The impact to his portfolio due to this purchase was 0.19%. His holdings were 650,000 shares as of 12/31/2011.

Added: Aetna Inc. (AET)

John Hussman added to his holdings in Aetna Inc. by 50%. His purchase prices were between $34.33 and $43.73, with an estimated average price of $39.47. The impact to his portfolio due to this purchase was 0.17%. His holdings were 750,000 shares as of 12/31/2011.

Added: Xilinx Inc. (XLNX)

John Hussman added to his holdings in Xilinx Inc. by 14.5%. His purchase prices were between $27.06 and $33.46, with an estimated average price of $31.41. The impact to his portfolio due to this purchase was 0.15%. His holdings were 2,290,000 shares as of 12/31/2011.

Added: Gilead Sciences Inc. (GILD)

John Hussman added to his holdings in Gilead Sciences Inc. by 23.15%. His purchase prices were between $36.26 and $42.79, with an estimated average price of $39.97. The impact to his portfolio due to this purchase was 0.12%. His holdings were 1,000,000 shares as of 12/31/2011.

Added: C.r. Bard Inc. (BCR)

John Hussman added to his holdings in C.r. Bard Inc. by 36%. His purchase prices were between $82.39 and $89.33, with an estimated average price of $85.89. The impact to his portfolio due to this purchase was 0.12%. His holdings were 340,000 shares as of 12/31/2011.

Reduced: Exxon Mobil Corp. (XOM)

John Hussman reduced to his holdings in Exxon Mobil Corp. by 37.5%. His sale prices were between $71.15 and $85.28, with an estimated average price of $78.88. The impact to his portfolio due to this sale was -0.87%. John Hussman still held 1,250,000 shares as of 12/31/2011.

Reduced: Newmont Mining Corp. (NEM)

John Hussman reduced to his holdings in Newmont Mining Corp. by 28.89%. His sale prices were between $59.42 and $72.13, with an estimated average price of $65.11. The impact to his portfolio due to this sale was -0.65%. John Hussman still held 1,600,000 shares as of 12/31/2011.

Reduced: Humana Inc. (HUM)

John Hussman reduced to his holdings in Humana Inc. by 26.91%. His sale prices were between $68.43 and $89.83, with an estimated average price of $82.32. The impact to his portfolio due to this sale was -0.54%. John Hussman still held 1,279,000 shares as of 12/31/2011.

Reduced: Ace Ltd. (ACE)

John Hussman reduced to his holdings in Ace Ltd. by 55%. His sale prices were between $59.11 and $73.33, with an estimated average price of $67.72. The impact to his portfolio due to this sale was -0.53%. John Hussman still held 450,000 shares as of 12/31/2011.

Reduced: Bristolmyers Squibb Co. (BMY)

John Hussman reduced to his holdings in Bristolmyers Squibb Co. by 50%. His sale prices were between $30.15 and $35.29, with an estimated average price of $32.54. The impact to his portfolio due to this sale was -0.5%. John Hussman still held 1,000,000 shares as of 12/31/2011.

Reduced: Hewlettpackard Co. (HPQ)

John Hussman reduced to his holdings in Hewlettpackard Co. by 66.67%. His sale prices were between $22.2 and $28.24, with an estimated average price of $26.24. The impact to his portfolio due to this sale was -0.36%. John Hussman still held 500,000 shares as of 12/31/2011.

Reduced: Amazon.com Inc. (AMZN)

John Hussman reduced to his holdings in Amazon.com Inc. by 28.57%. His sale prices were between $173.1 and $246.71, with an estimated average price of $207.24. The impact to his portfolio due to this sale was -0.34%. John Hussman still held 250,000 shares as of 12/31/2011.

Reduced: Starbucks Corp. (SBUX)

John Hussman reduced to his holdings in Starbucks Corp. by 28.57%. His sale prices were between $36.2 and $46.45, with an estimated average price of $42.52. The impact to his portfolio due to this sale was -0.3%. John Hussman still held 1,250,000 shares as of 12/31/2011.

Reduced: Nike Inc. Cl B (NKE)

John Hussman reduced to his holdings in Nike Inc. Cl B by 40%. His sale prices were between $83.05 and $97.77, with an estimated average price of $93.59. The impact to his portfolio due to this sale was -0.27%. John Hussman still held 300,000 shares as of 12/31/2011.

Reduced: Currencyshares Swiss Franc Trust (FXF)

John Hussman reduced to his holdings in Currencyshares Swiss Franc Trust by 60%. His sale prices were between $103.62 and $114.84, with an estimated average price of $108.4. The impact to his portfolio due to this sale was -0.26%. John Hussman still held 100,000 shares as of 12/31/2011.

Reduced: Energizer Holdings Inc. (ENR)

John Hussman reduced to his holdings in Energizer Holdings Inc. by 50%. His sale prices were between $64.35 and $77.79, with an estimated average price of $72.07. The impact to his portfolio due to this sale was -0.26%. John Hussman still held 250,000 shares as of 12/31/2011.

Reduced: Cognizant Technology Solutions Corp. (CTSH)

John Hussman reduced to his holdings in Cognizant Technology Solutions Corp. by 50%. His sale prices were between $61.35 and $76.57, with an estimated average price of $67.87. The impact to his portfolio due to this sale was -0.25%. John Hussman still held 250,000 shares as of 12/31/2011.

Reduced: Intuit Inc. (INTU)

John Hussman reduced to his holdings in Intuit Inc. by 30%. His sale prices were between $45.84 and $55.21, with an estimated average price of $52.16. The impact to his portfolio due to this sale was -0.23%. John Hussman still held 700,000 shares as of 12/31/2011.

Reduced: Netapp Inc. (NTAP)

John Hussman reduced to his holdings in Netapp Inc. by 45.3%. His sale prices were between $33.64 and $43.94, with an estimated average price of $38.09. The impact to his portfolio due to this sale was -0.22%. John Hussman still held 500,000 shares as of 12/31/2011.

Reduced: General Mills Inc. (GIS)

John Hussman reduced to his holdings in General Mills Inc. by 46.67%. His sale prices were between $37.94 and $40.66, with an estimated average price of $39.32. The impact to his portfolio due to this sale was -0.21%. John Hussman still held 400,000 shares as of 12/31/2011.

Reduced: Chubb Corp. (CB)

John Hussman reduced to his holdings in Chubb Corp. by 30.92%. His sale prices were between $58.12 and $70.31, with an estimated average price of $65.95. The impact to his portfolio due to this sale was -0.17%. John Hussman still held 400,000 shares as of 12/31/2011.

Reduced: Altera Corp. (ALTR)

John Hussman reduced to his holdings in Altera Corp. by 24.74%. His sale prices were between $30.87 and $40.29, with an estimated average price of $36.05. The impact to his portfolio due to this sale was -0.16%. John Hussman still held 952,000 shares as of 12/31/2011.

Reduced: Open Text Corp. (OTEX)

John Hussman reduced to his holdings in Open Text Corp. by 34%. His sale prices were between $48.71 and $61.78, with an estimated average price of $54.58. The impact to his portfolio due to this sale was -0.14%. John Hussman still held 330,000 shares as of 12/31/2011.

Reduced: Gap Inc. (GPS)

John Hussman reduced to his holdings in Gap Inc. by 33.33%. His sale prices were between $15.93 and $20.33, with an estimated average price of $18.54. The impact to his portfolio due to this sale was -0.13%. John Hussman still held 1,000,000 shares as of 12/31/2011.

Reduced: Adobe Systems Inc. (ADBE)

John Hussman reduced to his holdings in Adobe Systems Inc. by 41.18%. His sale prices were between $23.26 and $30.42, with an estimated average price of $27.39. The impact to his portfolio due to this sale was -0.13%. John Hussman still held 500,000 shares as of 12/31/2011.

Reduced: Petsmart Inc. (PETM)

John Hussman reduced to his holdings in Petsmart Inc. by 28%. His sale prices were between $40.58 and $52.33, with an estimated average price of $47.19. The impact to his portfolio due to this sale was -0.12%. John Hussman still held 450,000 shares as of 12/31/2011.

Reduced: Chevron (CVX)

John Hussman reduced to his holdings in Chevron by 23.08%. His sale prices were between $89.88 and $109.64, with an estimated average price of $101.92. The impact to his portfolio due to this sale was -0.11%. John Hussman still held 250,000 shares as of 12/31/2011.

Reduced: Aflac Inc. (AFL)

John Hussman reduced to his holdings in Aflac Inc. by 25.93%. His sale prices were between $33.57 and $46.77, with an estimated average price of $42.07. The impact to his portfolio due to this sale was -0.1%. John Hussman still held 500,000 shares as of 12/31/2011.

Reduced: Conagra Foods Inc. (CAG)

John Hussman reduced to his holdings in Conagra Foods Inc. by 33.33%. His sale prices were between $23.86 and $26.62, with an estimated average price of $25.28. The impact to his portfolio due to this sale was -0.1%. John Hussman still held 500,000 shares as of 12/31/2011.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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