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Hedge Fund Legend Julian Robertson Makes Bullish Purchases: CHTR, PCLN, TRIP, BX, Sells Goldman Sachs

November 14, 2012 | About:
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Julian Robertson is considered the father of hedge funds. He started his hedge fund Tiger Management in 1980 with $8 million, and built the fund all the way to $22 billion in the late 1990s. But his investing philosophy prevented him from participating the tech bubble. He kept losing money in and dissolved his fund. Mr. Robertson also mentored a group of young hedge fund managers, known as the "Tiger Cubs." A number of them became extremely successful hedge fund managers in their own right, including John Griffin of Blue Ridge Capital, Lee Ainslie of Maverick Capital, Andreas Halvorsen of Viking Global, and Steve Mandel of Lone Pine Capital. They are also included in our List of Gurus.

Today Tiger Management only manages fund from internal investment, mainly Mr. Robertson’s own money.

Julian Robertson buys Charter Communications Inc, Priceline.com, Inc., Ocwen Financial Corporation, Tripadvisor Inc, Market Vectors Junior Gold Miners Etf, Market Vectors Etf Trust, Barrick Gold Corporation, Blackstone Group Lp, Golar Lng, Ltd., Google, Inc., Mastercard Incorporated, Verisign, Inc., Sirius Xm Radio Inc., Visa, Inc., Hca Holdings Inc, Soufun Holdings Ltd., sells Goldman Sachs Group Inc during the 3-months ended 09/30/2012, according to the most recent filings of his investment company, Tiger Management. As of 09/30/2012, Tiger Management owns 36 stocks with a total value of $461 million. These are the details of the buys and sells.

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 33.5%
Financials 22.5%
Consumer Services 18.7%
Health Care 8.9%
Industrials 3.9%
Basic Materials 3.5%
Not Assigned 3.2%
Oil & Gas 1.6%
Consumer Goods 0.1%


These are the top 5 holdings of Julian Robertson

  1. Apple Inc (AAPL) - 100,930 shares, 14.6% of the total portfolio.
  2. Google, Inc. (GOOG) - 36,300 shares, 5.9% of the total portfolio. Shares added by 15.08%
  3. MasterCard Incorporated (MA) - 56,658 shares, 5.6% of the total portfolio. Shares added by 11.76%
  4. Liberty Global, Inc. (LBTYA) - 407,595 shares, 5.4% of the total portfolio.
  5. Qualcomm, Inc. (QCOM) - 341,030 shares, 4.6% of the total portfolio.


New Purchase: Charter Communications Inc (CHTR)

Julian Robertson initiated holdings in Charter Communications Inc. His purchase prices were between $71.49 and $82.53, with an estimated average price of $76.31. The impact to his portfolio due to this purchase was 4%. His holdings were 246,400 shares as of 09/30/2012. Charter Communications, Inc. is a broadband communications company and the fourth-largest cable operator in the United States. Charter Communications Inc has a market cap of $6.93 billion; its shares were traded at around $67.94 with and P/S ratio of 1.

New Purchase: Priceline.com, Inc. (PCLN)

Julian Robertson initiated holdings in Priceline.com, Inc.. His purchase prices were between $560.41 and $690.55, with an estimated average price of $631.72. The impact to his portfolio due to this purchase was 3.2%. His holdings were 23,800 shares as of 09/30/2012. Priceline.com Incorporated has pioneered a unique e-commerce pricing system known as a `demand collection system` that enables consumers to use the Internet to save money on a wide range of products and services while enabling sellers to generate incremental revenue. Priceline.com, Inc. has a market cap of $31.18 billion; its shares were traded at around $624.01 with a P/E ratio of 21.9 and P/S ratio of 7.2. Priceline.com, Inc. had an annual average earnings growth of 53.5% over the past 10 years.

New Purchase: Tripadvisor Inc (TRIP)

Julian Robertson initiated holdings in Tripadvisor Inc. His purchase prices were between $32.91 and $46.39, with an estimated average price of $38.24. The impact to his portfolio due to this purchase was 1.3%. His holdings were 175,000 shares as of 09/30/2012. TripAdvisor Inc. is an online travel research company. Tripadvisor Inc has a market cap of $4.44 billion; its shares were traded at around $35.95 with a P/E ratio of 26.2 and P/S ratio of 7.

New Purchase: Golar Lng, Ltd. (GLNG)

Julian Robertson initiated holdings in Golar Lng, Ltd.. His purchase prices were between $37.39 and $41.14, with an estimated average price of $39.08. The impact to his portfolio due to this purchase was 1%. His holdings were 123,000 shares as of 09/30/2012. GOLAR LNG LIMITED is engaged in the acquisition, ownership, operation and chartering of liquid natural gas carriers and floating storage re-gasification units through its subsidiaries. Golar Lng, Ltd. has a market cap of $3.21 billion; its shares were traded at around $39.08 with a P/E ratio of 74.1 and P/S ratio of 10.7. The dividend yield of Golar Lng, Ltd. stocks is 4%.

New Purchase: Blackstone Group Lp (BX)

Julian Robertson initiated holdings in Blackstone Group Lp. His purchase prices were between $12.62 and $15.29, with an estimated average price of $13.74. The impact to his portfolio due to this purchase was 1%. His holdings were 328,000 shares as of 09/30/2012. Blackstone is one of the world's investment and advisory firms. Blackstone Group Lp has a market cap of $6.07 billion; its shares were traded at around $14.02 with a P/E ratio of 9.5 and P/S ratio of 1.9. The dividend yield of Blackstone Group Lp stocks is 2.8%.

New Purchase: Soufun Holdings Ltd. (SFUN)

Julian Robertson initiated holdings in Soufun Holdings Ltd.. His purchase prices were between $11.63 and $15.83, with an estimated average price of $13.9. The impact to his portfolio due to this purchase was 0.17%. His holdings were 50,000 shares as of 09/30/2012. SouFun Holdings Limited is a real estate Internet portal and home furnishing and improvement website in China. Soufun Holdings Ltd. has a market cap of $1.52 billion; its shares were traded at around $18.5 with a P/E ratio of 12 and P/S ratio of 4.4. The dividend yield of Soufun Holdings Ltd. stocks is 10.2%.

Here is the complete portfolio of Julian Robertson. Also check out:

1. Julian Robertson's Undervalued Stocks

2. Julian Robertson's Top Growth Companies, and

3. Julian Robertson's High Yield stocks


Rating: 2.6/5 (7 votes)

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