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Global Investor John Burbank Buys Twitter, First Gaming REIT, Others in Q4

February 13, 2014 | About:
Holly LaFon

Holly LaFon

255 followers
According to data released today, John Burbank (Trades, Portfolio), $3.4 billion global investment firm Passport Capital’s founder, introduced 58 new stocks into his portfolio in the fourth quarter, for a total of 141 positions. This portfolio is valued at $2.94 billion, having quarter-over-quarter turnover of 30%.

Passport’s investing strategy consists of a mix of macroeconomic analysis, fundamental research and quantitative tools.

The Largest New Buys

Gaming and Leisure Properties Inc. (GLPI)

Burbank purchased 2,213,948 shares of Gaming and Leisure Properties Inc. in a position absorbing 3.8% of the portfolio. The shares’ price averaged $47 in quarter four.

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Gaming and Leisure Properties spun off of Penn National Gaming Inc. on Nov. 1, 2013, and became the first gaming-focused real estate investment trust in January of this year. GLPI Inc. has a market cap of $3.46 billion; its shares were traded at around $38.80.

58.com Inc. (WUBA)

Burbank purchased 1,635,500 shares of 58.com Inc., reflecting 2.1% of the portfolio. The fourth quarter’s average price for the stock was $32.

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58.com Inc. is China’s largest online marketplace. It has a market cap of $2.79 billion, and its shares were traded at around $35.08 with a P/E ratio of 337.00 and P/S ratio of 22.30.

Valero Energy Corp. (VLO)

Burbank acquired 949,885 Valero Energy shares in a position worth 1.6% of the portfolio’s size. The stock’s price averaged $42 in quarter four.

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Valero Energy Corp. was incorporated in Delaware in 1981 under the name Valero Refining and Marketing Company. Valero Energy Corp. has a market cap of $26.44 billion; its shares were traded at around $49.01 with a P/E ratio of 11.20 and P/S ratio of 0.20. The dividend yield of Valero Energy Corp. stocks is 1.90%. Valero Energy Corp. had an annual average earnings growth of 1.40% over the past 10 years.

Plains GP Holdings LP (PAGP)

Burbank purchased 1,292,107 Plains GP Holdings shares in a holding reflecting 1.2% of the portfolio. Its fourth quarter share price averaged $24.

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Plains GP Holdings LP has a market cap of $3.61 billion; its shares were traded at around $27.28 with and P/S ratio of 0.10. The dividend yield of Plains GP Holdings LP stocks is 0.50%.

Twitter Inc. (TWTR)

Burbank purchased 599,175 shares of Twitter in a position worth 1.2% of the portfolio. Twitter’s fourth quarter share price was around $50 on average in quarter four.

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Twitter is a public, real-time conversation platform with around 240 million active users. Twitter Inc. has a market cap of $30.76 billion; its shares were traded at around $56.47 with and P/S ratio of 57.40.

See John Burbank (Trades, Portfolio)’s portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!


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