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Passport Capital Update - John Burbank Sells BUD, KMI, MDLZ, COL, Others

November 19, 2013 | About:
Sally Jones

Sally Jones

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Guru John Burbank is averaging a 12-month return of 24.26%. As of the third quarter, his firm, Passport Capital, has a portfolio of 139 stocks, 63 of them new, a total value at $3.09 billion, with a quarter-over-quarter turnover of 21%. The portfolio is weighted with top three sectors: ETF, options and preferred at 26.5%; technology at 16.7%; and consumer cyclical at 13.7%.

Here are four high-impact sells made by John Burbank in the third quarter of 2013, starting with his major reduction of Kinder Morgan Inc., North America’s largest midstream company with around 82,000 miles of oil and gas pipeline. The company reported a third quarter 2013 total net income of $551 million, up from $255 million in the third quarter of 2012. Diluted earnings of per common share for Class P shares were $0.27 for the reporting quarter, down from $0.36 in the same quarter a year ago.

Kinder Morgan Inc. (KMI): Reduced

Impacts Portfolio: -3.36%

Current Shares: 28,000

Up 6% over 12 months, Kinder Morgan Inc., an energy and midstream company, has a market cap of $36.68 billion; its shares were traded at around $35.41 with a P/E ratio of 39.40. The dividend yield is 4.40%.

Guru Action: As of Sept. 30, 2013, John Burbank reduced his position by 98.96%, selling 2,653,923 shares at an average price of $37.51, for a loss of 5.6%.

Over six quarters, Burbank averaged a 2% gain on 2,981,843 shares bought at an average price of $34.59 per share. He had a loss of 6% on 2,953,843 shares bought at an average price of $37.48 per share.

Check out more active gurus and insiders.

Track historical share pricing, revenue and net income:



Anheuser-Busch Inbev SA (BUD): Sold Out

Impacts Portfolio: -2.7%

Up 22% over 12 months, Anheuser-Busch Inbev SA, a global brewer selling in 120 countries, has a market cap of $168.39 billion; its shares were traded at around $104.77 with a P/E ratio of 13.40. The dividend yield is 2.40%.

Guru Action: As of Sept. 30, 2013, John Burbank sold out his position, selling 903,890 shares at an average price of $95.24, for a gain of 10%, his lowest gain.

In 10 quarters of gains, Burbank’s highest gains were realized in 2011, with gains of 85.8%, 76.4%, 92% and 83.9% made in the four successive quarters of that year.

Check out more guru trades and insider sells.

Track historical share pricing, revenue and net income:



Mondelez International Inc. (MDLZ): Sold Out

Impacts Portfolio: -1.9%

Up 33% over 12 months, Mondelez International Inc., the Kraft Foods Group spin-off, has a market cap of $59.42 billion; its shares were traded at around $33.88 with a P/E ratio of 22.40. The dividend yield is 1.60%.

Guru Action: As of Sept. 30, 2013, John Burbank sold out his position, selling 2,038,612 shares at an average price of $31.02, for a gain of 9.2%, his lowest gain in nine trading quarters of gains.

In nine gaining quarters, Burbank’s highest gains were realized in the third quarter of 2010 when he made a new buy of 81,400 shares at an average price of $19.48 per share for a 73% gain. In the following two quarters he gained 65.8% on both.

Here are numerous gurus trading in the third quarter and two recent insider buys.

Track historical share pricing, revenue and net income:



Rockwell Collins Inc. (COL): Reduced

Impacts Portfolio: -1.72%

Up 29% over 12 months, Rockwell Collins Inc., an aerospace and defense company, has a market cap of $9.73 billion; its shares were traded at around $71.85 with a P/E ratio of 15.70. The dividend yield is 1.66%.

Guru Action: As of Sept. 30, 2013, John Burbank reduced his COL position by 90.37%, selling 801,566 shares at an average price of $70.69 per share, for a gain of 1.6%, his lowest gain in four gaining quarters.

Overall, Burbank gained 19% on 886,964 shares bought at an average price of $60.62 per share. He gained 2% on 801,566 shares sold at an average price of $70.69 per share.

Check out Rockwell’s active guru stakeholders and recent inside traders.

Track historical share pricing, revenue and net income:



Here is the complete portfolio of Guru John Burbank.



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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

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