Julian Robertson (Trades, Portfolio) is considered the father of hedge funds. He launched his firm Tiger Management in 1980 with $8 million, and turned it into over $22 billion in the late 1990s.
Robertson manages a portfolio of 51 stocks with a total value of $748 million. The following are the stocks he has been buying for at least the last two quarters.
Macrogenics Inc. (MGNX)
During Q2, Robertson increased his stake by 79.40% and in Q3, he again bought shares in the company with another increase of 21% of his stake. Robertson currently holds 1.18% of outstanding shares of the company.
The company is a clinical-stage biopharmaceutical company, engaged in discovering and developing monoclonal antibody-based therapeutics for the treatment of cancer and autoimmune diseases.Ă‚
Steven Cohen (Trades, Portfolio) is largest shareholder of the company among the gurus, with 7.38% of outstanding shares, followed by John Griffin (Trades, Portfolio) with 3.93%.
SeaWorld Entertainment Inc. (SEAS)
During Q2 Robertson increased his stake in SeaWorld Entertainment by 41.23% and in Q3, he again increased the stake by 80.88%. He now holds 1.53% of outstanding shares of the company, and the stake has a 3.27% weighting in his portfolio.
The company owns and operates 10 theme parks within the U.S. The company reported a 4% increase for adjusted EBITDA and 12% increase for net income year over year in the third quarter. It returned $87.6 million to shareholders through dividend and share repurchases so far this year.
SeaWorld’s largest shareholder among the gurus is James Barrow (Trades, Portfolio) with 10.47% of outstanding shares, followed by Robertson with 1.53% and Steven Cohen (Trades, Portfolio) with 0.56%.
Illumina Inc. (ILMN)
During Q2, Robertson increased his stake in Illumina by 16.41%, and in Q3 he again bought shares in the company with another increase of 32.19%. Robertson now holds 0.11% of outstanding shares of the company and the stake has a 3.72% weighting in his portfolio.
The company provides sequencing-and array-based solutions for genetic analysis. Its products enable 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 increased by 14% compared to the same quarter of a year before, which represents 18% growth on a constant currency basis.
Frank Sands (Trades, Portfolio) is the largest guru shareholder 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%.
Citigroup Inc. (C)
During the second quarter, Robertson increased his stake in Citigroup by 55.44% and in Q3, increased the stake again by 41.67%.Ă‚
Citigroup is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management. In the most recent quarter, revenue declined by 5% from the prior year period. Net income increased by 36%, driven by lower operating expenses, lower net credit losses and a lower effective tax rate.
The company’s largest shareholder among the gurus is James Barrow (Trades, Portfolio) with 0.73% of outstanding shares, followed by HOTCHKIS & WILEY with 0.55% and Ken Fisher (Trades, Portfolio) with 0.4%.
Blackstone Group LPĂ‚ (BX)
During Q2, Robertson increased his stake in Blackstone by 39.17% and in Q3, he bought more shares in the company with another increase of 91.26% in his stake.Ă‚
The company is an alternative asset manager and a provider of financial advisory services. The company reported a 1% year over year increase for fee revenues and 20% increase for total expenses during the third quarter. Blackstone produced strong distributable earnings in the third quarter, reaching a record for the nine-month period
Robertson is the largest shareholder of the company among the gurus with 0.12% of outstanding shares, followed by John Rogers (Trades, Portfolio) with 0.1% and Jim Simons (Trades, Portfolio) with 0.05%.
Facebook Inc. (FB)
Robertson increased his stake in Facebook by 38.96% during the second quarter and again by 7.14% in the third quarter. He now holds 0.02% of outstanding shares of the company and the stake has a 5.73% weighting in his portfolio.
The social networking site had a good third quarter in which daily active users (DAUs) grew by 17% year-over-year. Total revenue and total costs and expenses grew by 41% and 68% year over year.
The company's largest shareholder among the gurus is Frank Sands (Trades, Portfolio) with 0.89% of outstanding shares, followed by Steve Mandel with 0.38% and Stanley Druckenmiller (Trades, Portfolio) with 0.14%.
Netflix Inc. (NFLX)
During Q2, Robertson increased his stake by 524.51% and in Q3, he again bought shares in the company with another increase of 15.41%.Ă‚
The company operates as an internet television network providing TV shows and movies, which include original series, documentaries and feature films. It has three segments: Domestic streaming, International streaming and Domestic DVD.
Chase Coleman (Trades, Portfolio) is largest shareholder of the company among the gurus with 4.21% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 1.06%.
