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Hedge Fund Blue Ridge Capital Buys Google Inc., CIT Group Inc., Citrix Systems Inc., Sells Berkshire Hathaway Inc., Equinix Inc., Pfizer Inc.

Hedge Fund Blue Ridge Capital is run by John Griffin, one of the Tiger cubs that are trained by the legendary Julian Robertson. John Griffin runs long-short strategies, has no positions in macro outlook as the long positions protects his portfolio in down market. There isn’t a lot of information online about Blue Ridge and John Griffin. The notes taken by our columnist Greg Speicher at the Darden Value Investing Conference is a very good read.

John Griffin buys Google Inc., Cit Group Inc., Citrix Systems Inc., General Growth Properties Inc, Morgan Stanley, Boston Scientific Corp., Nvr Inc, Apollo Group Inc., Banco Santander Brasil Sa, sells Berkshire Hathaway Inc., Equinix Inc., First Niagara Financial Group Inc., Petrohawk Energy Corp., Pfizer Inc, Redwood Trust Inc., Charles Schwab Corp., Washington Federal Inc. during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Blue Ridge Capital. John Griffin owns 46 stocks with a total value of $6.1 billion. These are the details of the buys and sells.

For the details of John Griffin's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=John+Griffin

This is the sector weightings of his portfolio:

Financials 27.3%
Technology 20.7%
Consumer Services 16.6%
Industrials 10.4%
Health Care 8.8%
Oil & Gas 5.2%
Consumer Goods 1.5%


These are the top 5 holdings of John Griffin

  1. JPMorgan Chase & Co. (JPM) - 9,600,000 shares, 7.03% of the total portfolio. Shares added by 11.3%
  2. Apple Inc. (AAPL) - 1,390,000 shares, 5.34% of the total portfolio.
  3. Amazon.com Inc. (AMZN) - 2,173,000 shares, 4.83% of the total portfolio. Shares added by 3.72%
  4. Google Inc. (GOOG) - 480,000 shares, 4.45% of the total portfolio. Shares added by 10000%
  5. Crown Castle International Corp. (CCI) - 6,803,750 shares, 4.25% of the total portfolio. Shares reduced by 8.72%


Added: Market Vectors - Gold Miners Etf (GDX)

John Griffin added to his holdings in Market Vectors - Gold Miners Etf by 180.54%. His purchase prices were between $40.24 and $50.17, with an estimated average price of $44.93. The impact to his portfolio due to this purchase was 2.41%. His holdings were 5,148,000 shares as of 03/31/2010.

Market Vectors - Gold Miners Etf has a market cap of $638.5 million; its shares were traded at around $53.15 . The dividend yield of Market Vectors - Gold Miners Etf stocks is 5.6%.

Added: Td Ameritrade Holding Corp. (AMTD)

John Griffin added to his holdings in Td Ameritrade Holding Corp. by 158.57%. His purchase prices were between $16.6 and $20.01, with an estimated average price of $17.64. The impact to his portfolio due to this purchase was 1.32%. His holdings were 6,920,000 shares as of 03/31/2010.

TD Ameritrade Holding Corporation has a servicing self-directed investors through its brokerage subsidiaries. Td Ameritrade Holding Corp. has a market cap of $10.79 billion; its shares were traded at around $18.3 with a P/E ratio of 17.26 and P/S ratio of 4.48.

Added: Teva Pharmaceutical Industries Ltd. (TEVA)

John Griffin added to his holdings in Teva Pharmaceutical Industries Ltd. by 28.79%. His purchase prices were between $55.88 and $64.54, with an estimated average price of $59.37. The impact to his portfolio due to this purchase was 0.76%. His holdings were 3,310,000 shares as of 03/31/2010.

TEVA Pharmaceuticals USA, the business is to develop, manufacture, and market generic pharmaceuticals. Teva Pharmaceutical Industries Ltd. has a market cap of $52.88 billion; its shares were traded at around $56.8 with a P/E ratio of 15.87 and P/S ratio of 3.8. The dividend yield of Teva Pharmaceutical Industries Ltd. stocks is 1.03%. Teva Pharmaceutical Industries Ltd. had an annual average earning growth of 21.1% over the past 10 years. GuruFocus rated Teva Pharmaceutical Industries Ltd. the business predictability rank of 3.5-star.

Added: Jpmorgan Chase & Co. (JPM)

John Griffin added to his holdings in Jpmorgan Chase & Co. by 11.3%. His purchase prices were between $37.7 and $45.02, with an estimated average price of $41.84. The impact to his portfolio due to this purchase was 0.71%. His holdings were 9,600,000 shares as of 03/31/2010.

J.P. Morgan Chase & Co. is a global financial services firm. Jpmorgan Chase & Co. has a market cap of $158.48 billion; its shares were traded at around $39.89 with a P/E ratio of 15.58 and P/S ratio of 1.58. The dividend yield of Jpmorgan Chase & Co. stocks is 0.5%.

Added: Mastercard Inc. (MA)

John Griffin added to his holdings in Mastercard Inc. by 16.97%. His purchase prices were between $220.74 and $264.75, with an estimated average price of $243.23. The impact to his portfolio due to this purchase was 0.31%. His holdings were 510,000 shares as of 03/31/2010.

MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Inc. has a market cap of $27.57 billion; its shares were traded at around $212.45 with a P/E ratio of 17.65 and P/S ratio of 5.41. The dividend yield of Mastercard Inc. stocks is 0.28%.

Added: Iberiabank Corp. (IBKC)

John Griffin added to his holdings in Iberiabank Corp. by 64.1%. His purchase prices were between $52.4 and $61.5, with an estimated average price of $56.46. The impact to his portfolio due to this purchase was 0.25%. His holdings were 640,000 shares as of 03/31/2010.

IBERIABANK Corporation is a commercial bank holding company. Iberiabank Corp. has a market cap of $1.62 billion; its shares were traded at around $60.49 with a P/E ratio of 74.68 and P/S ratio of 2.68. The dividend yield of Iberiabank Corp. stocks is 2.25%. Iberiabank Corp. had an annual average earning growth of 10.5% over the past 10 years. GuruFocus rated Iberiabank Corp. the business predictability rank of 2.5-star.

Added: Ares Capital Corp. (ARCC)

John Griffin added to his holdings in Ares Capital Corp. by 14.02%. His purchase prices were between $11.75 and $14.79, with an estimated average price of $13.26. The impact to his portfolio due to this purchase was 0.18%. His holdings were 6,100,000 shares as of 03/31/2010.

ARES CAPITAL CORPORATION is a specialty finance company that is a closed-end, non-diversified management investment company. Ares Capital Corp. has a market cap of $1.89 billion; its shares were traded at around $14.25 with a P/E ratio of 10.96 and P/S ratio of 7.72. The dividend yield of Ares Capital Corp. stocks is 9.82%. Ares Capital Corp. had an annual average earning growth of 11.4% over the past 5 years.

Added: Amazon.com Inc. (AMZN)

John Griffin added to his holdings in Amazon.com Inc. by 3.72%. His purchase prices were between $115.94 and $136.58, with an estimated average price of $125.96. The impact to his portfolio due to this purchase was 0.17%. His holdings were 2,173,000 shares as of 03/31/2010.

Amazon.com, Inc. seeks to be the world's most customer-centric company, where customers can find and discover anything they may want to buy online. Amazon.com Inc. has a market cap of $57.14 billion; its shares were traded at around $128.533 with a P/E ratio of 56.37 and P/S ratio of 2.33.

New Purchase: Google Inc. (GOOG)

John Griffin initiated holdings in Google Inc.. His purchase prices were between $526.43 and $626.75, with an estimated average price of $560.25. The impact to his portfolio due to this purchase was 4.45%. His holdings were 480,000 shares as of 03/31/2010.

Google is a public and profitable company focused on search services. Google Inc. has a market cap of $161.38 billion; its shares were traded at around $507.53 with a P/E ratio of 23.09 and P/S ratio of 6.82. Google Inc. had an annual average earning growth of 65.7% over the past 10 years.

New Purchase: Cit Group Inc. (CIT)

John Griffin initiated holdings in Cit Group Inc.. His purchase prices were between $27.61 and $39.23, with an estimated average price of $33.89. The impact to his portfolio due to this purchase was 3.16%. His holdings were 4,950,610 shares as of 03/31/2010.

CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $15.52 billion; its shares were traded at around $38.35 with and P/S ratio of 3.9.

New Purchase: Citrix Systems Inc. (CTXS)

John Griffin initiated holdings in Citrix Systems Inc.. His purchase prices were between $41.15 and $49, with an estimated average price of $44.25. The impact to his portfolio due to this purchase was 1.86%. His holdings were 2,395,000 shares as of 03/31/2010.

Citrix Systems, Inc. is one of the suppliers of application delivery and management software and services that enable the effective and efficient enterprise-wide deployment and management of applications. Citrix Systems Inc. has a market cap of $8.55 billion; its shares were traded at around $46.51 with a P/E ratio of 31.21 and P/S ratio of 5.3. Citrix Systems Inc. had an annual average earning growth of 4.2% over the past 10 years.

New Purchase: General Growth Properties Inc (GGP)

John Griffin initiated holdings in General Growth Properties Inc. His purchase prices were between $14.01 and $16.8, with an estimated average price of $15.54. The impact to his portfolio due to this purchase was 1.84%. His holdings were 7,000,000 shares as of 03/31/2010.

General Growth Properties is one of the oldest and most experienced shopping center owners, developers and managers in the United States. General Growth Properties Inc has a market cap of $4.6 billion; its shares were traded at around $14.5 with a P/E ratio of 14.22 and P/S ratio of 1.47. General Growth Properties Inc had an annual average earning growth of 6% over the past 10 years.

New Purchase: Morgan Stanley (MS)

John Griffin initiated holdings in Morgan Stanley. His purchase prices were between $26.6 and $32.92, with an estimated average price of $29.04. The impact to his portfolio due to this purchase was 1.67%. His holdings were 3,493,000 shares as of 03/31/2010.

MORGAN STANLEY is a preeminent global financial services firm that maintains market positions in each of its three primary businesses: securities; asset management; and credit services. Morgan Stanley has a market cap of $37.86 billion; its shares were traded at around $27.08 with and P/S ratio of 1.62. The dividend yield of Morgan Stanley stocks is 0.74%.

New Purchase: Boston Scientific Corp. (BSX)

John Griffin initiated holdings in Boston Scientific Corp.. His purchase prices were between $6.8 and $9.62, with an estimated average price of $8.14. The impact to his portfolio due to this purchase was 1.08%. His holdings were 9,169,400 shares as of 03/31/2010.

Boston Scientific Corporation is a worldwide developer, manufacturer and marketer of minimally invasive medical devices. Boston Scientific Corp. has a market cap of $10.35 billion; its shares were traded at around $6.83 with a P/E ratio of 11.2 and P/S ratio of 1.26. Boston Scientific Corp. had an annual average earning growth of 5.4% over the past 10 years.

New Purchase: Nvr Inc (NVR)

John Griffin initiated holdings in Nvr Inc. His purchase prices were between $661.56 and $753, with an estimated average price of $714.89. The impact to his portfolio due to this purchase was 0.89%. His holdings were 75,300 shares as of 03/31/2010.

NVR Inc. is a holding company that operates in two business segments; the construction and marketing of homes and in financial services. Nvr Inc has a market cap of $4.18 billion; its shares were traded at around $682.43 with a P/E ratio of 20.68 and P/S ratio of 1.56. Nvr Inc had an annual average earning growth of 2.8% over the past 10 years.

New Purchase: Apollo Group Inc. (APOL)

John Griffin initiated holdings in Apollo Group Inc.. His purchase prices were between $56.92 and $64.65, with an estimated average price of $61.25. The impact to his portfolio due to this purchase was 0.81%. His holdings were 805,000 shares as of 03/31/2010.

Apollo Group, Inc. has been providing higher education to working adults for over 25 years. Apollo Group Inc. has a market cap of $7.98 billion; its shares were traded at around $52.78 with a P/E ratio of 11.4 and P/S ratio of 2.01. Apollo Group Inc. had an annual average earning growth of 26.4% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.

New Purchase: Banco Santander Brasil Sa (BSBR)

John Griffin initiated holdings in Banco Santander Brasil Sa. His purchase prices were between $10.77 and $14.05, with an estimated average price of $12.41. The impact to his portfolio due to this purchase was 0.19%. His holdings were 952,129 shares as of 03/31/2010.

Banco Santander Brasil Sa has a market cap of $23.43 billion; its shares were traded at around $11.11 with and P/S ratio of 1371.6. The dividend yield of Banco Santander Brasil Sa stocks is 0.83%.

Reduced: Green Mountain Coffee Roasters Inc. (GMCR)

John Griffin reduced to his holdings in Green Mountain Coffee Roasters Inc. by 21.88%. His sale prices were between $79.92 and $97.61, with an estimated average price of $86.02. The impact to his portfolio due to this sale was -0.13%. John Griffin still held 375,000 shares as of 03/31/2010.

Green Mountain Coffee roasts high-quality arabica coffees to produce a variety of coffee which it sells through a coordinated multi-channel distribution network in its wholesale and direct mail operations. Green Mountain Coffee Roasters Inc. has a market cap of $3.32 billion; its shares were traded at around $75.85 with a P/E ratio of 48.31 and P/S ratio of 4.13. Green Mountain Coffee Roasters Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Green Mountain Coffee Roasters Inc. the business predictability rank of 3.5-star.

Reduced: Ishares Silver Trust (SLV)

John Griffin reduced to his holdings in Ishares Silver Trust by 41.16%. His sale prices were between $14.75 and $18.45, with an estimated average price of $16.59. The impact to his portfolio due to this sale was -0.35%. John Griffin still held 3,000,000 shares as of 03/31/2010.

Ishares Silver Trust has a market cap of $24 million; its shares were traded at around $18.93 .

Reduced: Discovery Communications, Inc - Series C Common St (DISCK)

John Griffin reduced to his holdings in Discovery Communications, Inc - Series C Common St by 25%. His sale prices were between $25.33 and $29.8, with an estimated average price of $27.62. The impact to his portfolio due to this sale was -0.38%. John Griffin still held 3,165,000 shares as of 03/31/2010.

Discovery Communications is the world's number one nonfiction media company reaching more than 1. Discovery Communications, Inc - Series C Common St has a market cap of $4.5 billion; its shares were traded at around $31.76 with a P/E ratio of 24.06 and P/S ratio of 1.28.

Reduced: Discovery Communications, Inc (DISCA)

John Griffin reduced to his holdings in Discovery Communications, Inc by 25%. His sale prices were between $27.88 and $34.24, with an estimated average price of $31.38. The impact to his portfolio due to this sale was -0.55%. John Griffin still held 3,982,500 shares as of 03/31/2010.

DISCOVERY COMMUNICATIONS INC., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group, LLC and Ascent Media CANS, LLC, and throught its 66. Discovery Communications, Inc has a market cap of $10.63 billion; its shares were traded at around $37.49 with a P/E ratio of 28.4 and P/S ratio of 3.02.

Reduced: Millipore Corp. (MIL)

John Griffin reduced to his holdings in Millipore Corp. by 35.38%. His sale prices were between $67.94 and $105.59, with an estimated average price of $84.79. The impact to his portfolio due to this sale was -1.2%. John Griffin still held 1,954,000 shares as of 03/31/2010.

Millipore Corporation is a provider of products and services that improve productivity and results in biopharmaceutical manufacturing and in clinical, analytical and research laboratories. Millipore Corp. has a market cap of $5.95 billion; its shares were traded at around $105.9 with a P/E ratio of 25.46 and P/S ratio of 3.6. Millipore Corp. had an annual average earning growth of 5.2% over the past 10 years.

Sold Out: Berkshire Hathaway Inc. (BRK.A)

John Griffin sold out his holdings in Berkshire Hathaway Inc.. His sale prices were between $97500 and $125000, with an estimated average price of $113488.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $188 billion; its shares were traded at around $114150 with a P/E ratio of 22 and P/S ratio of 1.8. Berkshire Hathaway Inc. had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated Berkshire Hathaway Inc. the business predictability rank of 2-star.

Sold Out: Charles Schwab Corp. (SCHW)

John Griffin sold out his holdings in Charles Schwab Corp.. His sale prices were between $17.5 and $19.78, with an estimated average price of $18.59.

Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night. Charles Schwab Corp. has a market cap of $20.11 billion; its shares were traded at around $16.87 with a P/E ratio of 28.59 and P/S ratio of 4.8. The dividend yield of Charles Schwab Corp. stocks is 1.42%. Charles Schwab Corp. had an annual average earning growth of 11.2% over the past 10 years.

Sold Out: Redwood Trust Inc. (RWT)

John Griffin sold out his holdings in Redwood Trust Inc.. His sale prices were between $13.34 and $15.46, with an estimated average price of $14.58.

REDWOOD TRUST INC. is a self-advised and self-managed real estate investment trust. Redwood Trust Inc. has a market cap of $1.17 billion; its shares were traded at around $15.01 with a P/E ratio of 9.94 and P/S ratio of 4.05. The dividend yield of Redwood Trust Inc. stocks is 6.66%.

Sold Out: Pfizer Inc (PFE)

John Griffin sold out his holdings in Pfizer Inc. His sale prices were between $16.91 and $20, with an estimated average price of $18.07.

Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $130.7 billion; its shares were traded at around $16.2 with a P/E ratio of 7.79 and P/S ratio of 2.61. The dividend yield of Pfizer Inc stocks is 4.44%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.

Sold Out: Petrohawk Energy Corp. (HK)

John Griffin sold out his holdings in Petrohawk Energy Corp.. His sale prices were between $19.55 and $26.74, with an estimated average price of $22.78.

Petrohawk Energy Corporation is an independent energy company engaged in the acquisition, production, exploitation, exploration and development of oil and gas properties. Petrohawk Energy Corp. has a market cap of $6.01 billion; its shares were traded at around $19.94 with a P/E ratio of 43.35 and P/S ratio of 5.54.

Sold Out: Equinix Inc. (EQIX)

John Griffin sold out his holdings in Equinix Inc.. His sale prices were between $91.76 and $109.56, with an estimated average price of $99.91.

Equinix designs, builds and operates neutral Internet Business Exchangecenters where Internet businesses place their equipment and their network facilities in order to interconnect with each other. Equinix Inc. has a market cap of $3.92 billion; its shares were traded at around $99.65 with a P/E ratio of 55.98 and P/S ratio of 4.45.

Sold Out: First Niagara Financial Group Inc. (FNFG)

John Griffin sold out his holdings in First Niagara Financial Group Inc.. His sale prices were between $13.21 and $14.66, with an estimated average price of $14.07.

First Niagara Financial Group, Inc. is a multi-bank holding company and is the parent of First Niagara Bank, Cortland Savings Bank and Cayuga Bank. First Niagara Financial Group Inc. has a market cap of $2.52 billion; its shares were traded at around $13.39 with a P/E ratio of 21.6 and P/S ratio of 4.09. The dividend yield of First Niagara Financial Group Inc. stocks is 4.18%. First Niagara Financial Group Inc. had an annual average earning growth of 6.5% over the past 10 years.

Sold Out: Washington Federal Inc. (WFSL)

John Griffin sold out his holdings in Washington Federal Inc.. His sale prices were between $18.63 and $20.99, with an estimated average price of $19.65.

Washington Federal, Inc. is a non-diversified unitary savings and loan holding company. Washington Federal Inc. has a market cap of $2.11 billion; its shares were traded at around $18.73 with a P/E ratio of 187.3 and P/S ratio of 2.96. The dividend yield of Washington Federal Inc. stocks is 1.07%.


Rating: 3.3/5 (7 votes)

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