John Hussman

John Hussman

Last Update: 05-01-2017

Number of Stocks: 194
Number of New Stocks: 66

Total Value: $452 Mil
Q/Q Turnover: 50%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

John Hussman Watch

  • John Hussman Trims Microsoft and Aflac, Exits Medtronic

    John Hussman (Trades, Portfolio) manages a portfolio composed of 194 stocks with a total value of $452 million. During the first quarter, the guru sold shares of the following stocks.


    The investor closed his position in Medtronic PLC (MDT) with an impact of -1.77% on the portfolio.

      


  • 6 High Performing Stocks in Most Broadly Owned Portfolio

    The Most Broadly Owned Portfolio, which contains the top 25 company stocks based on number of guru holders, outperformed the Standard & Poor’s 500 benchmark in at least five of the past seven years.


    As of May 1, the model portfolio had a cumulative gain of 156.87% since its inception on Dec. 30, 2005. The high portfolio performance is driven by the gains from six companies: Apple Inc. (NASDAQ:AAPL), Bank of America Corp. (NYSE:BAC), Comcast Corp. (NASDAQ:CMCSA), Cisco Systems Inc. (NASDAQ:CSCO), Alphabet Inc. (NASDAQ:GOOGL) and Phillip Morris International Inc. (NYSE:PM).

      


  • Will Urban Outfitters Stock Outperform After March 7?

    Urban Outfitters Inc. (NASDAQ:URBN), the $3.03 billion market cap company, operates three specialty retail brands: Urban Outfitters, Anthropologie and Free People.


    New Stores

      


  • A Worldwide Fashionable Brand for Income Investor

    In this article, let's take a look at Guess? Inc. (NYSE:GES) and analyze some major catalysts and aspects of it.


    New CEO, New Plans

      


  • Jeremy Grantham Trims Consumer Defensive and Technology Empire

    Jeremy Grantham (Trades, Portfolio), chairman of Grantham, Mayo, Van Otterloo & Co., is regarded as a knowledgeable investor in various stock, bond and commodity markets. During fourth-quarter 2016, Grantham trimmed positions in Proctor & Gamble Co. (NYSE:PG), Cisco Systems Inc. (NASDAQ:CSCO), Microsoft Corp. (NASDAQ:MSFT) and Qualcomm Inc. (NASDAQ:QCOM).


    Proctor & Gamble

      


  • Score a Touchdown With Hibbett Sports

    In light of Super Bowl LI, many sports fanatics are shopping for last-minute deals on sportswear. Several sports apparel companies also offer good value potential to investors. One company, Hibbett Sports Inc. (NASDAQ:HIBB), made four value screeners as of Feb. 3, suggesting strong value potential compared to other companies.


    Company overview

      


  • John Hussman’s Top 3 New Holdings

    John Hussman (Trades, Portfolio), founder, chairman and president of Hussman Strategic Advisors Inc., added 59 new holdings to his portfolio in the final quarter of 2016. His top three new holdings are Dick’s Sporting Goods Inc. (NYSE:DKS), Orbotech Ltd. (NASDAQ:ORBK) and Donaldson Co. Inc. (NYSE:DCI).


    Hussman founded his firm in 1988. The Maryland-based firm seeks long-term capital appreciation through investing in companies with favorable valuations and favorable market action. The firm defines favorable valuation as “security prices appear reasonable in view of the stream of cash flows expected in the future.” The firm defines favorable market action as “trends are advancing across a wide range of market internals.”

      


  • John Hussman Buys VMware

    John Hussman (Trades, Portfolio), the founder and president of Hussman Strategic Advisors Inc., purchased a 75,000-share position in VMware Inc. (NYSE:VMW) during the fourth quarter.


    The purchase was made at an average price of $77.63 per share. The trade had a 1.18% impact on Hussman’s portfolio.

      


  • Jeffrey Immelt, Chairman and CEO of General Electric, Acquired 50,000 Shares of the Company on Nov. 9

    Jeffrey Immelt (Insider Trades), chairman and CEO of General Electric Co. (GE), acquired 50,000 shares of the company on Nov. 9. The average price per share was $29.24, for a total transaction of $1,462,000. General Electric, a producer of household and commercial electronics and lighting, has a market cap of $274.93 billion.


    Though the number of insider trades of GE remained the same from 2014 to 2015, the volume of insider buys grew from 168,900 to 883,500. There was also a decrease in insider sells of GE from 19 transactions totaling 2,299,733 shares to no insider sells the following year. This may be in part due to the merging of General Electric Capital Corp. into General Electric Co. in 2015, as GE Capital Equity Investments (Insider Trades) sold 100% of all insider shares sold in 2014. Immelt purchased a total of 312,500 shares of the company since 2013 and 167,600 shares in 2016 to date. Immelt’s earliest insider purchase with GE, 40,000 shares at an average price of $25.04 per share, increased in value by about 20% since then. For more information about insider trades with GE, click here.

      


  • John Hussman Boosts Intel, Sells NVIDIA, General Electric

    John Hussman (Trades, Portfolio) is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. During the third quarter the guru’s largest trades were the following:


    He raised his stake in Intel Corp. (INTC) by 7,755.56% with an impact of 2.17% on the portfolio.

      


  • Hussman Gains Qualcomm, Dollar Tree, Lululemon in 3rd Quarter

    John Hussman (Trades, Portfolio), the founder and president of Hussman Strategic Advisors, acquired 39 new holdings in the third quarter. His top three new holdings are Qualcomm Inc. (NASDAQ:QCOM), Dollar Tree Inc. (NASDAQ:DLTR) and Lululemon Athletica Inc. (NASDAQ:LULU).


    Hussman founded Hussman Strategic Advisors in 1988 in Maryland. The firm focuses on securities demonstrating favorable valuations and market actions with the goal of gaining long-term capital appreciation.

      


  • John Hussman's Best-Performing Investments

    John Hussman (Trades, Portfolio) is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. He manages a portfolio composed of 183 stocks with a total value of $654 million. The following are the guru’s second-quarter picks with the best performances.


    MasTec Inc. (MTZ)

      


  • GMO's New 7-Year Forecast Highlights One Incredible Fact

    U.S. equities have performed incredibly well since the 2008 to 2009 financial crisis. Since those lows, the S&P 500 has gone on a tear, exploding nearly 260% in just seven years.


    According to GMO LLCa $120 billion asset manager co-lead by Jeremy Grantham those days are over.

      


  • John Hussman Loads Up on Infosys

    Guru John Hussman (Trades, Portfolio) increased his stake in Infosys (NYSE:INFY) by 7042.86%, adding an additional 493,000 shares of the company to his portfolio during the second quarter. The addition had a 1.34% impact on the guru’s portfolio. Hussman now owns 500,000 shares of the company.


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  • John Hussman Cuts Xilinx, Kroger

    John Hussman (Trades, Portfolio) is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. The guru’s largest second quarter sales are as follows:


    The guru reduced his stake in Newmont Mining Corp. (NEM) by 51.35%, with an impact of -1.67% on the portfolio.

      


  • Cal-Maine: A Good Mid-Cap at a Good Price

    On the face of it at least, any investor should be able to understand this business. It produces eggs, perhaps even the ones you had for breakfast this morning. Eggs, by the billion.


    Cal-Maine Foods Inc. (NASDAQ:CALM) comes to our attention because of its presence on the Undervalued Predictable and Buffett-Munger screeners at GuruFocus. That means its price is below at least one major valuation metric, and it has consistently grown its earnings.

      


  • John Hussman Buys Infosys, Southern

    John Hussman (Trades, Portfolio) is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. During the second quarter he bought shares in the following stocks.


    The investor raised his stake in Infosys Ltd. ADR (INFY) by 7,042.86% with an impact of 1.34% on the portfolio.

      


  • John Hussman: Impermanence and Full Cycle Thinking

    My friend and teacher Thich Nhat Hanh once said, “It is not impermanence that makes us suffer. What makes us suffer is wanting things to be permanent when they are not. Wilting flowers do not cause suffering; it is the unrealistic desire that flowers not wilt that causes suffering.”


    We observe an extremely aged and overvalued bull market here; where the Standard & Poor's 500 Index, despite the exuberance of “record highs,” is just 2% above its May 2015 peak; where the broad NYSE Composite remains below its June 2014 level; where international markets, despite a recent short-covering panic on post-Brexit monetary enthusiasm, remain in a larger pattern of retreat; where valuation measures most reliably correlated with actual subsequent outcomes in market cycles across history now imply S&P 500 nominal total returns averaging less than 1.5% annually over the coming 12-year period; where a retreat to even the richest valuations observed by the completion of any market cycle in the past century (even cycles where interest rates were depressed) would imply a market loss of at least 40% over the completion of the current cycle; where market internals remain mixed despite positive whipsaws in various trend-following components; where, as a minor technical point, any serious reading of Hamilton and Rhea would still classify stocks in an ongoing Dow Theory bear market that began more than a year ago; and where the S&P 500 has pushed to the most extreme “overvalued, overbought, overbullish” syndrome we identify, in an environment where cyclical momentum has rolled over. Whether one is bullish or bearish, if one recognizes that current extremes are impermanent, one will ultimately suffer less.

      


  • Speculative Extremes and Historically Informed Optimism- John Hussman

    There’s a field in one of our data sets that rarely sees much play, being driven primarily by only the most extreme combination of overvaluation, overbullish sentiment, and overbought conditions we’ve identified across history. It’s one of a variety of such syndromes we track, and I’ve simply labeled it “Bubble,” because with a single exception, this extreme variant has only emerged just before the worst market collapses in the past century. Prior to the advance of recent years, the list of these instances was: August 1929, the week of the market peak; August 1972, after which the S&P 500 would advance about 7% by year-end, and then drop by half; August 1987, the week of the market peak; March 2000, the week of the market peak; and July 2007, within a few points of the final peak in the S&P 500, with a secondary signal in October 2007, the week of that final market peak.


    The advancing segment of the current market cycle was different in its response to historic speculative extremes. Air-pockets, panics and crashes had regularly followed these and lesser “overvalued, overbought, overbullish” extremes in every previous market cycle, and our reliance on that fact became our Achilles Heel during the advancing half of this one. In an experiment that will ultimately have disastrous consequences, the Federal Reserve’s policy of quantitative easing intentionally encouraged yield-seeking speculation in this cycle far beyond the point where these warning signals emerged.

      


  • Scrounging Through The Dumpster - John Hussman

    From a long-term and full-cycle perspective, the most reliable valuation measures we follow - those with the strongest correlation with actual subsequent stock market returns across history - are consistent with roughly zero S&P 500 nominal total returns on a 10-12 year horizon, and the likelihood of an interim market loss of about 40-55% over the completion of the current cycle. As I noted last week, however, our near-term outlook is rather neutral, largely because enough trend-following components have improved (though our broadest measures of market internals have not) to keep us from pounding tables about immediate losses. Even as we allow for further near-term speculation, I remain convinced that the S&P 500 is likely to be lower a decade from now than it is today.


    The only wrinkle in an otherwise spectacularly hostile investment environment is that speculators appear to be so possessed by collapsing global interest rates that the immediacy of a market loss may be deferred until this fresh round of yield-seeking exhausts itself. As one observer told Bloomberg last week, “they’re out there scrounging through the dumpster looking for yield.”

      


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