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Bearish John Hussman Buys 3M, CVS, Western Digital, Sells Humana, Biogen Idec, Broadcom

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John Hussman has been very bearish. He thinks that the stock market is overvalued and positioned for dismal returns. At this point the potential risk is much higher than the returns. Especially he thinks that the economy is already in recession, although the GDP numbers indicates otherwise. Hussman sold a lot more stocks than bought during the third quarter. His equity positions are also full hedged, typically with index options. As of 09/30/2012, John Hussman’s firm, Hussman Economtrics Advisors, owns 205 stocks with a total value of $4.1 billion. These are the details of the buys and sells that have the impact to portfolio of more than 0.5%.

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

John Hussman has been criticizing the fed policies. He sees a much more risky environment now. That is why he does not own financials. This is the sector weightings of his portfolio as of Sept. 30:

Consumer Services 31.7%
Health Care 26.7%
Consumer Goods 14.7%
Technology 10.9%
Oil & Gas 4.1%
Industrials 3.8%
Financials 2.8%
Basic Materials 2.1%
Utilities 1.8%
Telecom 0.9%


These are the top 5 holdings of John Hussman

  1. Coca-Cola Co (KO) - 3,001,500 shares, 2.7% of the total portfolio. Shares reduced by 6.42%
  2. AstraZeneca PLC (AZN) - 2,017,000 shares, 2.3% of the total portfolio. Shares reduced by 19.86%
  3. Exxon Mobil Corporation (XOM) - 1,000,250 shares, 2.2% of the total portfolio. Shares reduced by 20.01%
  4. PepsiCo Inc (PEP) - 1,250,750 shares, 2.1% of the total portfolio.
  5. Panera Bread Company, Inc. (PNRA) - 500,000 shares, 2.1% of the total portfolio. Shares reduced by 35.48%


New Purchase: CVS Caremark Corp (CVS)

John Hussman initiated holdings in CVS Caremark Corp. His purchase prices were between $43.99 and $48.59, with an estimated average price of $46.2. The impact to his portfolio due to this purchase was 1.2%. His holdings were 1,000,000 shares as of 09/30/2012.

New Purchase: Western Digital Corporation (WDC)

John Hussman initiated holdings in Western Digital Corporation. His purchase prices were between $29.91 and $45.37, with an estimated average price of $38.16. The impact to his portfolio due to this purchase was 0.93%. His holdings were 1,000,000 shares as of 09/30/2012.

New Purchase: Celgene Corporation (CELG)

John Hussman initiated holdings in Celgene Corporation. His purchase prices were between $62.96 and $77.27, with an estimated average price of $70.21. The impact to his portfolio due to this purchase was 0.92%. His holdings were 500,000 shares as of 09/30/2012.

New Purchase: Lowe's Companies Inc. (LOW)

John Hussman initiated holdings in Lowe's Companies Inc.. His purchase prices were between $24.88 and $30.27, with an estimated average price of $27.39. The impact to his portfolio due to this purchase was 0.91%. His holdings were 1,250,000 shares as of 09/30/2012.

New Purchase: United Parcel Service Inc (ups) (UPS)

John Hussman initiated holdings in United Parcel Service Inc (ups). His purchase prices were between $71.57 and $80.21, with an estimated average price of $75.76. The impact to his portfolio due to this purchase was 0.86%. His holdings were 500,700 shares as of 09/30/2012.

New Purchase: U.s. Bancorp (USB)

John Hussman initiated holdings in U.s. Bancorp. His purchase prices were between $31.91 and $34.93, with an estimated average price of $33.31. The impact to his portfolio due to this purchase was 0.83%. His holdings were 1,000,000 shares as of 09/30/2012.

New Purchase: Mastercard Incorporated (MA)

John Hussman initiated holdings in Mastercard Incorporated. His purchase prices were between $409.89 and $459.47, with an estimated average price of $432.46. The impact to his portfolio due to this purchase was 0.82%. His holdings were 75,000 shares as of 09/30/2012.

New Purchase: International Business Machines Corp (IBM)

John Hussman initiated holdings in International Business Machines Corp. His purchase prices were between $183.09 and $207.31, with an estimated average price of $196.84. The impact to his portfolio due to this purchase was 0.75%. His holdings were 150,000 shares as of 09/30/2012.

New Purchase: Bmc Software, Inc. (BMC)

John Hussman initiated holdings in Bmc Software, Inc.. His purchase prices were between $37.44 and $43.49, with an estimated average price of $41.12. The impact to his portfolio due to this purchase was 0.75%. His holdings were 750,000 shares as of 09/30/2012.

New Purchase: Qualcomm, Inc. (QCOM)

John Hussman initiated holdings in Qualcomm, Inc.. His purchase prices were between $53.73 and $65.14, with an estimated average price of $59.88. The impact to his portfolio due to this purchase was 0.75%. His holdings were 500,000 shares as of 09/30/2012.

New Purchase: Intuit, Inc. (INTU)

John Hussman initiated holdings in Intuit, Inc.. His purchase prices were between $56.52 and $60.38, with an estimated average price of $58.67. The impact to his portfolio due to this purchase was 0.71%. His holdings were 500,000 shares as of 09/30/2012.

New Purchase: Macy's Inc (M)

John Hussman initiated holdings in Macy's Inc. His purchase prices were between $32.84 and $40.48, with an estimated average price of $37.04. The impact to his portfolio due to this purchase was 0.68%. His holdings were 750,000 shares as of 09/30/2012.

New Purchase: United Therapeutics Corporation (UTHR)

John Hussman initiated holdings in United Therapeutics Corporation. His purchase prices were between $49.73 and $58.2, with an estimated average price of $54.16. The impact to his portfolio due to this purchase was 0.67%. His holdings were 500,000 shares as of 09/30/2012.

New Purchase: Nike, Inc. (NKE)

John Hussman initiated holdings in Nike, Inc.. His purchase prices were between $88.34 and $100.84, with an estimated average price of $94.95. The impact to his portfolio due to this purchase was 0.57%. His holdings were 250,000 shares as of 09/30/2012.

Sold Out: Humana (HUM)

John Hussman sold out his holdings in Humana. His sale prices were between $61.6 and $77.3, with an estimated average price of $70.38.

Sold Out: Broadcom Corporation (BRCM)

John Hussman sold out his holdings in Broadcom Corporation. His sale prices were between $29.6 and $36.92, with an estimated average price of $34.05.

Sold Out: Dell Inc (DELL)

John Hussman sold out his holdings in Dell Inc. His sale prices were between $9.85 and $12.68, with an estimated average price of $11.55.

Sold Out: Waters Corporation (WAT)

John Hussman sold out his holdings in Waters Corporation. His sale prices were between $74.66 and $85.24, with an estimated average price of $79.2.

Sold Out: Life Technologies Corp (LIFE)

John Hussman sold out his holdings in Life Technologies Corp. His sale prices were between $41.26 and $49.7, with an estimated average price of $45.84.

Sold Out: Coinstar, Inc. (CSTR)

John Hussman sold out his holdings in Coinstar, Inc.. His sale prices were between $44.1 and $70.99, with an estimated average price of $54.46.

Sold Out: Altera Corp. (ALTR)

John Hussman sold out his holdings in Altera Corp.. His sale prices were between $30.67 and $38.16, with an estimated average price of $35.04.

Sold Out: Stryker Corporation (SYK)

John Hussman sold out his holdings in Stryker Corporation. His sale prices were between $50.74 and $56.21, with an estimated average price of $53.58.

Added: 3m Co (MMM)

John Hussman added to his holdings in 3m Co by 170000%. His purchase prices were between $86.4 and $94.24, with an estimated average price of $91.21. The impact to his portfolio due to this purchase was 1.9%. His holdings were 850,500 shares as of 09/30/2012.

Added: Duke Energy Corporation (DUK)

John Hussman added to his holdings in Duke Energy Corporation by 150150%. His purchase prices were between $63.14 and $70.207, with an estimated average price of $66.19. The impact to his portfolio due to this purchase was 0.78%. His holdings were 500,333 shares as of 09/30/2012.

Added: Gap, Inc. (GPS)

John Hussman added to his holdings in Gap, Inc. by 91.72%. His purchase prices were between $27.16 and $36.19, with an estimated average price of $32.49. The impact to his portfolio due to this purchase was 0.53%. His holdings were 1,250,000 shares as of 09/30/2012.

Here is the complete portfolio of John Hussman. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of John Hussman.


Rating: 4.5/5 (2 votes)

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