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Whitney Tilson's Top 5 Second Quarter Holdings

August 13, 2013 | About:
Monica Wolfe

Monica Wolfe

122 followers
Whitney Tilson recently released his second quarter portfolio for his fund T2 Partners Management. The guru bought 19 new stocks over the duration of the second quarter, bringing his total number of stocks to 56, valued at $112 million.



The following five companies represent Tilson’s top five holdings.

American International Group (AIG)

Tilson’s largest holding is in American International Group where he holds 9% of his total portfolio. The guru owns 227,684 shares of the insurance company, representing a small 0.02% of the company’s shares outstanding.

Over the duration of the second quarter, Tilson reduced his position -24.97% by selling 75,760 shares. He sold these shares at an average price of $42.90. Since he sold these shares, the price per share has increased approximately 12.4%.

Tilson has held a position in AIG since first quarter 2012 and since then has seen gains of up to 77.9%.

Tilson’s holding history of AIG as of the second quarter:

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AIG is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the U.S. and abroad. The company's four reportable segments are as follows: General Insurance, Domestic Life Insurance & Retirement Services, Foreign Life Insurance & Retirement Services and Financial Services.

AIG’s historical revenue and net income:

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The Peter Lynch Chart shows that AIG currently appears to be overvalued:

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American International Group has a market cap of $71.29 billion. Its shares are currently trading at around $48.29 with a P/E ratio of 10.40, a P/S ratio of 1.10 and a P/B ratio of 0.70.

Howard Hughes Corp (HHC)

Tilson’s second largest holding is in Howard Hughes. The guru currently holds 71,564 shares of HHC, representing 7.1% of his total portfolio and 0.18% of the company’s shares outstanding.

During the second quarter, Tilson reduced his position in Howard Hughes by -8.81%. The guru sold a total of 6,915 shares at an average price of $98.66 per share. Since his sell, the price per share has increased approximately 8.8%.

Tilson has held a position in HHC since fourth quarter 2010 and has seen gains of up to 138.2% since then. Tilson’s holding history as of the second quarter:

1376423617710.png

Howard Hughes is engaged in the development of master planned communities and other strategic real estate development opportunities across the U.S. The company operates its business in two lines of business: Master Planned Communities and Strategic Development.

Howard Hughes’ historical revenue and net income:

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Howard Hughes has a market cap of $4.23 billion. Its shares are currently trading at around $106.83 with a P/E ratio 68.60, a P/S ratio of 9.50 and a P/B ratio of 2.10.

Berkshire Hathaway (BRK.B)

Whitney’s third largest position is in Warren Buffett’s Berkshire Hathaway. The guru holds on to 68,007 shares which make up 6.8% of his total portfolio.

During the second quarter, Tilson made a minor reduction of his holdings in the company. The guru reduced his position -4.47% by selling 3,179 shares at an average price of $110.02. Since this sell, the price per share has increased approximately 6.5%.

Whitney Tilson has held his position in BRK.B since fourth quarter 2008. Tilson’s holding history of Berkshire Hathaway as of the second quarter:

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Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services.

Berkshire Hathaway’s historical revenue and net income:

1376427094185.png

Berkshire Hathaway has a market cap of $273.82 billion. Its shares are currently trading at around $117.16 with a P/E ratio of 15.40, a P/S ratio of 1.60 and a P/B ratio of 1.40. The company had an annual average earnings growth of 7.8% over the past ten years.

GuruFocus rated Berkshire Hathaway the business predictability rank of 3-star.

Apple (AAPL)

Tilson currently holds 15,200 shares of Apple, making it his fourth largest holding. This holding makes up 5.4% of Tilson’s total portfolio.

Tilson made a notable increase in his position in Apple during the second quarter. The guru upped his stake 87.17% by purchasing 7,079 shares of Apple. Tilson purchased these shares at $430.74 per share, and since his buy the price per share has increased approximately 12.5%.

Tilson has held a position in Apple since third quarter 2011. Tilson’s holding history as of the second quarter:

1376424284394.png

The company designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players and sell a variety of related software, services, peripherals and networking solutions.

Apple’s historical revenue and net income:

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This morning Guru Carl Icahn disclosed a large position in Apple, pushing the company for share buybacks.

According to the Peter Lynch Chart Apple currently appears to be undervalued:

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Apple has a market cap of $444.9 billion. Its shares are currently trading at around $489.71 with a P/E ratio of 12.10, a P/S ratio of 2.70 and a P/B ratio of 3.20. The company had an annual average earnings growth of 82.7% over the past 10 years.

GuruFocus rated Apple the business predictability rank of 4.5-star.

J.C. Penney Co. (JCP)

Finally, Tilson’s fifth largest position is in the struggling J.C. Penney. Tilson currently holds 290,000 shares of J.C. Penney, representing 0.13% of the company’s shares outstanding and 4.4% of his total portfolio.

During the second quarter Tilson upped his position in J.C. Penney significantly. The guru increased his holdings 2296.69% by adding an additional 277,900 shares to his stake. He purchased these shares at an average price of $16.83 per share and since then the price per share has dropped an additional -24.3%.

Tilson’s holding history as of June 30:

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J.C. Penney sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside J.C. Penney and home furnishings. Its department stores also provide certain services such as a hair salon, optical, portrait photography and custom decorating.

J.C. Penney’s historical revenue and net income:

1376428667175.png

J.C. Penney has a market cap of $2.79 billion. Its shares were traded at around $12.68 with a P/S ratio of 0.20 and a P/B ratio of 1.10.

You can check out Whitney Tilson’s second quarter portfolio here.

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Rating: 2.5/5 (6 votes)

Comments

wescileppi
Wescileppi - 1 year ago


It disappoints me that Gurufocus has this charlatan listed as a guru. He has a small fund with some spectacular flameouts. He is a smooth talking shyster who piggybacks what Bill Ackman does. That alone should be enough to get him removed from Gurufocus.
vgm
Vgm - 1 year ago
I don't disagree with Wescileppi. Ackman only has to raise an eyebrow and Whitney is scurrying to CNBC to describe how amazing/wonderful/fantastic/brilliant Ackman's latest mistake is. Remember the HK dollar?

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