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John Griffin’s Top Sells - KORS Revenue Up

November 26, 2013 | About:
Sally Jones

Sally Jones

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As of the third quarter, the updated portfolio of John Griffin of Blue Ridge Capital lists 50 stocks, seven of them new, a total value at $8.36 billion, and a quarter-over-quarter turnover of 10%. The portfolio is currently weighted with top three sectors: consumer cyclical at 31.4%, healthcare at 14.3% and financial services at 13.5%. The stocks bought by Griffin averaged a return of 25.4% over 12 months.[/b]John Griffin’s high-impact third quarter sell outs include Michael Kors Holdings Ltd. (KORS), the luxury lifestyle brand. Griffin sold out KORS after making six quarters of double-digit gains. Michael Kors Holdings reported a total revenue increase of 38.9% for the second quarter of its fiscal 2014, coming in at $740.3 million, up from $532.9 million in the same quarter a year ago.

Other financial results for KORS’ second quarter of fiscal 2014, ended September 28, 2013, include a net income of $145.8 million, up from $97.8 million in the same quarter of the previous fiscal year. Earnings were $0.71 per diluted share, also up from $0.49 per diluted share, in the same quarter of fiscal 2013. The company has had 30 consecutive quarters of growth. At the reporting quarter’s end, the company had 477 Michael Kors stores worldwide, including licensed locations.

[b]Michael Kors Holdings Ltd. (KORS): Sold Out


Impacts Portfolio: -1.6%

Up 57% over 12 months, Michael Kors Holdings Ltd. has a market cap of $16.46 billion; its shares were traded at around $80.75 with a P/E ratio of 32.80. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, John Griffin sold out his holding, selling 2,125,000 shares at an average price of $69.70, for a gain of 15.9%.

With six quarters of double-digit gains, his highest gain was made on a new buy of 2,225,000 shares in the first quarter of 2012. He bought KORS shares at an average price of $38.08 per share, gaining 112.1%.

Check out the gurus trading KORS in the third quarter of 2013. No insiders were found.

Track historical pricing, revenue and net income:

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Realogy Holdings Corp. (RLGY): Sold Out

Impacts Portfolio: -1.6%

Up 31% over 12 months, Realogy Holdings Corp., a residential real estate services company, has a market cap of $6.97 billion; its shares were traded at around $47.72 with a P/B ratio of 4.20. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, John Griffin sold out his holding, unloading 2,802,856 shares at an average price of $45.25 per share, for a gain of 5.5%.

In three quarters, Griffin gained in two of them. His highest gain of 27.2% was made in the fourth quarter of 2012 on 5,250,000 shares bought at an average price of $37.51 per share.

Check out the very active gurus trading and insiders selling.

Track historical pricing, revenue and net income:

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Owens-Corning Inc. (OC): Sold Out

Impacts Portfolio: -3.8%

Up 16% over 12 months, Owens-Corning Inc., a global producer of glass fiber reinforcements and other materials, has a market cap of $4.6 billion; its shares were traded at around $39.09 with a P/E ratio of 71.50. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, John Griffin sold out his holding, unloading 8,000,000 shares at an average price of $39.00 for a gain of 0.2%.

With six quarters of mixed results, the trading history shows the highest gain of 26.3% was made in the third quarter of 2012 when Griffin bought 2,810,000 shares at an average price of $30.94 per share.

Check out the recent gurus and insiders trading.

Track historical pricing, revenue and net income:

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Equinix Inc. (EQIX): Sold Out

Impacts Portfolio: -2.5%

Down 11% over 12 months, Equinix Inc., a global neural network data center services provider, has a market cap of $8.08 billion; its shares were traded at around $161.99 with a P/E ratio of 88.90. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, John Griffin sold out his holding, unloading 1,116,000 shares at an average price of $181.16, for a loss of 10.6%, the low point in his trading history.

Over a five-year history, Griffin made double-digit gains through the first quarter of 2010. The trading history shows three losing quarters after that. His highest gain was 97.6%, made on a new buy of 530,000 shares bought at an average price of $81.97 in the third quarter of 2009.

Check out the active gurus and insiders trading.

Track historical pricing, revenue and net income:

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John Griffin is the president of Blue Ridge Capital, an investment partnership that he founded in 1996. A renowned ‘Tiger Cub,’ Guru Griffin was known as Julian Robertson's right hand man.

Here is the complete portfolio of John Griffin.



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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."

Rating: 3.6/5 (5 votes)

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