John Griffin (Trades, Portfolio) is the president of Blue Ridge Capital, an investment partnership he founded in 1996. Blue Ridge seeks absolute returns by investing in companies that dominate their industries and shorting the companies that have fundamental problems.
He manages a portfolio comprised of 48 stocks with total value of $8.688 billion, and the following are his largest trades during the third quarter.
His largest buy was about Autodesk Inc. (ADSK). He bought 6,920,000 shares and the trade had an impact of 3.52% on the portfolio.
The company designs software, offering customers productive business solutions through powerful technology products and services. During the last quarter, total annualized recurring revenue (ARR) had an increase of 15% compared to the third quarter last year as reported and 18% on a constant currency basis. Deferred revenue grew by 20%.
The stock is trading with a forward P/E ratio of 112.36 and has been as high as $65.78 and as low as $42.06 in the past year. It is currently just 3.09% below its 52-week high and 51.57% above its 52-week low.
Griffin is the company's largest shareholder among the gurus with 3.06% of outstanding shares followed by Manning & Napier Advisors Inc. with 0.74% and Ken Fisher (Trades, Portfolio) with 0.14%.
The second-largest buy was Apple Inc. (AAPL). Griffin bought 2,250,000 shares with an impact of 2.86% on the portfolio.
The company designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications. In the third quarter revenue grew by 28% to nearly $234 billion and it expects fiscal 2016 first quarter revenue to be between $75.5 billion and $77.5 billion
The stock is trading with a P/E ratio of 1.62 and has been as high as $134.54 and as low as $92 in the past year. It is currently 12.09% below its 52-week high and 28.57% above its 52-week low. According to the DCF calculator, at the current price of $118, the company looks undervalued by 55%.
The company's largest shareholder among the gurus is Carl Icahn (Trades, Portfolio) with 0.95% of outstanding shares followed by David Einhorn (Trades, Portfolio) with 0.2% and Ken Fisher (Trades, Portfolio) with 0.2%.
Griffin also bought 965,000 shares in TransDigm Group Inc. (TDG), and the trade had an impact of 2.36% on the portfolio.
The company is designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service.
The stock is trading with a P/E ratio of 32.66 and has been as high as $244.90 and as low as $190.06 in the past year. It is currently 3.17% below its 52-week high and 24.77% above its 52-week low. According to the DCF calculator, at the current price of $237.14, the company looks overpriced by 6%.
Steve Mandel (Trades, Portfolio) is the company's largest shareholder among the gurus with 4.13% of outstanding shares followed by Alan Fournier (Trades, Portfolio) with 2.57% and Chase Coleman (Trades, Portfolio) with 2.27%.
Griffin bought 1,015,000 shares in Illumina Inc. (ILMN) with an impact of 2.05% on the portfolio.
The company provides sequencing- and array-based solutions for genetic analysis. Its products enabled researchers to explore DNA, helping them create the first map of gene variations associated with health, disease and drug response. During the third quarter revenues had a 14% increase compared to the third quarter of 2014 and 18% growth on a constant currency basis. The new markets they are targeting are enormous and will support significant revenue growth for Illumina in 2016 and beyond
The stock is trading with a P/E ratio of 51.31 and has been as high as $242.37 and as low as $130.00 in the past year. It is currently 27.35% below its 52-week high and 35.45% above its 52-week low. According to the DCF calculator, at the current price of $176.09, the company looks overpriced by 380%.
Illumina’s largest shareholder among the gurus is Frank Sands (Trades, Portfolio) with 2.96% of outstanding shares followed by Steve Mandel (Trades, Portfolio) with 2.47% and Vanguard Health Care Fund (Trades, Portfolio) with 2.07%.
Griffin bought 250,000 shares in Alphabet Inc. (GOOGL), and the trade had an impact of 1.84% on the portfolio.
The company operates through subsidiaries including Google Inc., which is engaged in improving the ways people connect with information.
The stock is trading with a P/E ratio of 33.33 and has been as high as $793.05 and as low as $490.91 in the past year. It is currently 2.53% below its 52-week high and 57.46% above its 52-week low. According to the DCF calculator, at the current price of $772, the company looks overpriced by 25%.
PRIMECAP Management (Trades, Portfolio) is the company's largest shareholder among the gurus, with 0.38% of outstanding shares followed by Andreas Halvorsen (Trades, Portfolio) with 0.37% and Frank Sands (Trades, Portfolio) with 0.3%.
Griffin sold out his stake in American International Group Inc. (AIG) with an impact of -1.76% on the portfolio.
It is a holding company which, through its subsidiaries, is engaged in insurance and insurance-related activities in the United States and abroad. During the third quarter, book value per share, excluding AOCI and DTA, grew by 7% from the prior-year quarter.
The stock is trading with a P/E ratio of 18.56 and has been as high as $64.93 and as low as $48.68 in the past year. It is currently 13.28% below its 52-week high and 29.01% above its 52-week low. According to the DCF calculator, at the current price of $62.8, the company looks overpriced by 72%.
The company's largest shareholder among the gurus is HOTCHKIS & WILEY with 1.36% of outstanding shares followed by John Paulson (Trades, Portfolio) with 1.18% and Richard Perry (Trades, Portfolio) with 0.79%.
Griffin sold out his stake in Tribune Media Co. (TRCO); the deal had an impact of -1.66% on the portfolio.
It reaches more than 80% of U.S. households and is the only media organization with newspapers, TV stations and websites in the nation's top three markets.
The stock is trading with a P/E ratio of 10.30 and has been as high as $70.50 and as low as $34.20 in the past year. It is currently 48.01% below its 52-week high and 7.16% above its 52-week low. According to the DCF calculator, at the current price of $36.65 the company looks overpriced by 5%.
Howard Marks (Trades, Portfolio) is the company's largest shareholder among the gurus, with 15.02% of outstanding shares followed by Manning & Napier Advisors Inc. with 8.28% and PRIMECAP Management (Trades, Portfolio) with 7.53%.
Griffin increased his stake in CDK Global Inc. (CDK) by 64%, and the deal had an impact of 1.32% on the portfolio.
The company provides integrated information technology and digital marketing solutions. It offers its services to auto, truck, motorcycle, marine, recreational vehicle and heavy equipment dealers and their manufacturers. Its reportable segments include Automotive Retail and Digital Marketing. The company reported a 51% increase for GAAP net earnings and 14% increase for adjusted net earnings. In this quarter adjusted net earnings had a growth of more than 25%.
The stock is trading with a P/E ratio of 38.73 and has been as high as $57.89 and as low as $38.72 in the past year. It is currently 17.72% below its 52-week high and 23.01% above its 52-week low. According to the DCF calculator, at the current price of $47.63, the company looks highly overpriced by 262%.
The company's largest shareholder among the gurus is Paul Singer (Trades, Portfolio) with 4.98% of outstanding shares followed by Griffin with 0.42% and Ron Baron (Trades, Portfolio) with 0.14%.
Griffin increased his stake in Liberty Global PLC. (LILAK) by 1192.49%, and the deal had an impact of 1.19% on the portfolio.
The company provides video, broadband Internet, fixed-line telephony and mobile services across 14 countries. Through Virgin Media Inc. and Unitymedia KabelBW GmbH, each a wholly owned subsidiary, and Telenet Group Holding NV, it provides video, broadband Internet, fixed-line telephony and mobile services in the United Kingdom, Germany and Belgium.
The stock is trading with a forward P/E ratio of 108.70 and has been as high as $69.89 and as low as $32 in the past year. It is currently 44.31% below its 52-week high and 21.62% above its 52-week low.
Griffin is the company's largest shareholder among the gurus, with 0.38% of outstanding shares followed by Dodge & Cox with 0.11% and Chris Davis (Trades, Portfolio) with 0.1%.
Griffin reduced his stake in Fitbit Inc. (FIT) by 70.43%, and the deal had an impact of -1.06% on the portfolio.
The company provides platform to combine connected health and fitness devices with software and services, including an online dashboard and mobile apps, data analytics, motivational and social tools, personalized insights, and virtual coaching through customized fitness plans and interactive workouts.
The stock is trading with a forward P/E ratio of 63.18 and has been as high as $51.90 and as low as $26.46 in the past year. It is currently 34.30% below its 52-week high and 28.87% above its 52-week low. According to the DCF calculator, at the current price of $34.1 the company looks highly overpriced by 1000%.
Griffin is the largest shareholder of the company among the gurus, with 0.5% of outstanding shares followed by Chase Coleman (Trades, Portfolio) with 0.24% and Paul Tudor Jones (Trades, Portfolio) with 0.02%.
