Julian Robertson (Trades, Portfolio) is the father of hedge fund Tiger Management. He launched his firm in 1980 with $8 million. He manages a portfolio composed of 51 stocks with total value of $748 million, and the following are his largest sales during the third quarter.
His largest sale is about JD.com Inc. (JD). He reduced his stake by 18.72%, and the deal had an impact of -2.83% on the portfolio.
The company is an online direct sales company in China. It provides consumers an online retail experience. Through its website www.jd.com and mobile applications, it offers a variety of authentic products. The third quarter was another quarter of strong growth with encouraging user growth and robust performance across all of its product categories.
The stock is trading with a forward P/E ratio of 175.44 and has been as high as $38 and as low as $21.55 in the past year. It is currently 21.18% below its 52-week high and 38.98% above its 52-week low.
The company's largest shareholder among the gurus is Chase Coleman (Trades, Portfolio) with 4.21% of outstanding shares followed by Steve Mandel (Trades, Portfolio) with 3.18%, Jeremy Grantham (Trades, Portfolio) with 0.59% and Andreas Halvorsen (Trades, Portfolio) with 0.34% of outstanding shares. Robertson holds 0.19% of outstanding shares.
The second largest sale is about Santander Consumer USA Holdings Inc. (SC). He sold out his stake with an impact of -2.11% on the portfolio.
It is a technology-driven consumer finance company providing vehicle finance and unsecured consumer lending products. The company reported another strong quarter and originated more than $7.6 billion and sold more than $3.1 billion in assets.
The stock is trading with a P/E ratio of 6.00 and has been as high as $26.83 and as low as $16.91 in the past year. It is currently 34.33% below its 52-week high and 4.20% above its 52-week low. According to the DCF calculator, at the current price of $17.62, the company looks undervalued by 43%.
Lee Ainslie (Trades, Portfolio) is the largest guru shareholder with 3.22% of outstanding shares, followed by David Einhorn (Trades, Portfolio) with 1.07% and HOTCHKIS & WILEY with 0.42%.
Robertson sold out his stake in NVIDIA Corp. (NVDA), and the deal had an impact of -1.27% on the portfolio.
The company is a visual computing company, connecting people through the powerful medium of computer graphics. During the third quarter revenue grew by 7% from the same quarter of a year before and was up 13% from the second quarter. GAAP operating income grew by 15% from a year ago.
The stock is trading with a forward P/E ratio of 29.10 and has been as high as $31.94 and as low as $18.94 in the past year. It is currently 1.72% below its 52-week high and 65.73% above its 52-week low. According to the DCF calculator, at the current price of $31.39, the company looks highly overpriced by 172%.
The company's largest shareholder among the gurus is the firm PRIMECAP Management (Trades, Portfolio) with 5.42% of outstanding shares followed by Martin Whitman (Trades, Portfolio) with 0.39% and Pioneer Investments (Trades, Portfolio) with 0.35%.
The investor reduced his stake in Alphabet Inc. (GOOGL) by 84.83%, and the deal had an impact of -1.27% 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 33.30 and has been as high as $782.90 and as low as $490.91 in the past year. It is currently 1.40% below its 52-week high and 57.25% above its 52-week low. According to the DCF calculator, at the current price of $771.97, the company looks overpriced by 25%.
PRIMECAP Management (Trades, Portfolio) is the largest guru shareholder with 0.38% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 0.37% and Frank Sands (Trades, Portfolio) with 0.3%.
Robertson reduced his stake in IAC/InterActiveCorp. (IACI) by 24.97%; the deal had an impact of -0.87% on the portfolio.
The company is a media and Internet company engaged in areas of search, applications, online dating, media and ecommerce. The company operates in segments such as Search and Applications. During the third quarter the company reported a growth of 7% for revenue, 5% for adjusted EBITDA and 10% growth for adjusted EPS.
The stock is trading with a P/E ratio of 25.10 and has been as high as $84.66 and as low as $59.11 in the past year. It is currently 25.67% below its 52-week high and 6.46% above its 52-week low. According to the DCF calculator, at the current price of $62.93, the company looks highly overpriced by 135%.
Daniel Loeb (Trades, Portfolio) is the company's main shareholder among the gurus with 3.01% of outstanding shares followed by David Einhorn (Trades, Portfolio) with 1.81% and Ruane Cunniff (Trades, Portfolio) with 1.08%. Robertson has 0.28% of outstanding shares.
The investor reduced his stake in Gilead Sciences Inc. (GILD) by 11.79%; the deal had an impact of -0.78% on the portfolio.
The company is a research-based biopharmaceutical company that discovers, develops and commercializes new medicines for different medical sectors. With each new discovery and experimental drug candidate, it seeks to improve the care of patients suffering from life-threatening diseases around the world.
The stock is trading with a P/E ratio of 9.90 and has been as high as $123.37 and as low as $85.95 in the past year. It is currently 12.46% below its 52-week high and 25.65% above its 52-week low. According to the DCF calculator, at the current price of $108, the company looks undervalued by 8%.
Pioneer Investments (Trades, Portfolio) is the largest guru shareholder with 0.23% of outstanding shares, followed by John Rogers (Trades, Portfolio) with 0.09% and Joel Greenblatt (Trades, Portfolio) with 0.07%. Robertson holds 0.02% of outstanding shares of the company
The investor sold out his stake in Lumber Liquidators Holdings Inc. (LL); the deal had an impact of -0.7% on the portfolio.
The company is a specialty retailer of hardwood flooring in the United States. It offers a complete assortment of hardwood flooring that includes prefinished premium domestic and exotic hardwoods, engineered hardwoods, unfinished hardwoods, bamboo, cork and laminates. Net sales in the third quarter showed a decrease of 11.3% from the third quarter of 2014; Lumber Liquidators believes net sales were negatively impacted by unfavorable allegations surrounding the product quality of its laminates sourced from China.
The stock is trading with a forward P/E ratio of 50.00 and has been as high as $69.99 and as low as $11.62 in the past year. It is currently 78.74% below its 52-week high and 28.06% above its 52-week low. According to the DCF calculator, at the current price of $17.62, the company looks undervalued by 43%.
The company's only guru shareholder is John Rogers (Trades, Portfolio) with 2.06% of outstanding shares, which is 0.09% of his total assets.
The investor reduced his stake in Fidelity National Financial Inc. (FNFV) by 30.33%, and the deal had an impact of -0.38% on the portfolio.
Fidelity National Financial is organized into two groups, FNF Core Operations and FNF Ventures. FNF is a provider of title insurance, technology and transaction services to the real estate and mortgage industries.
The stock is trading with a P/E ratio of 24.40 and has been as high as $15.84 and as low as $10.60 in the past year. It is currently 29.99% below its 52-week high and 4.62% above its 52-week low. According to the DCF calculator, at the current price of $11.09, the company looks undervalued by 26%.
Robertson and Mario Cibelli (Trades, Portfolio) are the company's largest guru shareholders with 0.11% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.07% and Paul Tudor Jones (Trades, Portfolio) with 0.02%.
Robertson sold out his stake in USA Truck Inc. (USAK); the deal had an impact of -0.31% on the portfolio.
The company is a transportation and logistics service provider. The company transports commodities throughout the continental United States and into and out of portions of Canada.
The stock is trading with a P/E ratio of 22.40 and has been as high as $32.14 and as low as $16.33 in the past year. It is currently 36.34% below its 52-week high and 25.29% above its 52-week low. According to the DCF calculator, at the current price of $20.46, the company looks highly overpriced by 110%.
The company’s main guru shareholder is Jim Simons (Trades, Portfolio) with 1.68% of outstanding shares, which is 0.01% of his total assets.
