Julian Robertson (Trades, Portfolio), who helped spearhead hedge fund investing and now manages his own money, purchased 10 new holdings in the third quarter.
Considered an investing legend who once ran the world’s largest hedge fund, Robertson held 51 stocks in his portfolio at third quarter-end, which was valued at $748 million. Roberton’s largest sector pick is technology, where 37.2% of his stocks reside, and healthcare, which represents 13.8% of them.
Notably, Robertson has not shied away from online media stocks, holding a top position in JD.com Inc. (JD, Financial), and other sizable holdings in Facebook Inc. (FB, Financial), Alphabet Inc. (GOOG, Financial) and GrubHub Inc. (GRUB, Financial).
Robertson purchased a diverse set of new positions in the third quarter, the largest of which were: CommScope Holding Co. Inc. (COMM, Financial), Pandora Media Inc. (P, Financial), Amerco Inc. (UHAL, Financial), Nivalis Therapeutics Inc. (NVLS, Financial) and Enzymotec Ltd. (ENZY, Financial).
CommScope Holding Co. Inc. (COMM, Financial)
As his largest new position, Robertson purchased 1.04 million shares of CommScope Holding Co. Inc., a 4.17% portfolio weight. The company’s third quarter share price averaged $31.
Commscope Holding Co. Inc. has a market cap of $5.03 billion; its shares were traded at around $26.50 with a P/E ratio of 22.29 and P/S ratio of 1.47.
Pandora Media Inc. (P, Financial)
Robertson purchased 1.108 million shares of Pandora Media Inc., a 3.16% portfolio weight. The company’s third quarter share price averaged $17.
Pandora Media Inc. was incorporated in January 2000. Pandora Media Inc. has a market cap of $2.86 billion; its shares were traded at around $13.42 with and P/S ratio of 2.57.
Robertson purchased 24,832 shares of Amerco Inc., a 1.3% portfolio weight. The share price averaged $363 for the quarter.
Amerco Inc. is a Nevada corporation was founded in 1945 and was incorporated on April 9, 1969. Amerco Inc. has a market cap of $8.16 billion; its shares were traded at around $416.09 with a P/E ratio of 18.94 and P/S ratio of 2.57. The dividend yield of Amerco Inc. stocks is 0.71%. Amerco Inc. had an annual average earnings growth of 11.4% over the past 10 years. GuruFocus rated Amerco Inc. the business predictability rank of 2-star.
Nivalis Therapeutics Inc. (NVLS, Financial)
Robertson purchased 650,915 shares of Nivalis Therapeutics, a 1.3% portfolio weight. The company’s third quarter share price averaged $16.
Nivalis Therapeutics Inc. was incorporated on Aug. 1, 2012, under the laws of the State of Delaware. Nivalis Therapeutics Inc. has a market cap of $124.22 million; its shares were traded at around $8.04.
Enzymotec Ltd. (ENZY, Financial)
Robertson purchased 804,854 shares of Enzymotec Ltd., a 0.97% portfolio weight. The company’s third quarter share price averaged $9.
Enzymotec Lt.d has a market cap of $219.19 million; its shares were traded at around $9.75 with a P/E ratio of 32.47 and P/S ratio of 4.68.
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