John Hussman (Trades, Portfolio), president and principal shareholder of Hussman Strategic Advisors, acquired 52 new stakes in the fourth quarter. That was the greatest number of new buys for Hussman in a single quarter since the third quarter of 2011.
Hussman’s most significant new buy in the fourth quarter was a 350,000-share stake in General Electric Co. (GE, Financial), a Fairfield, Connecticut-based conglomerate, for an average price of $29.73 per share. The deal had a 1.55% impact on Hussman’s portfolio.
Hussman previously had a stake in General Electric that he sold out in the second quarter of 2013. This is his first stake in the company since that time.
Hussman’s stake is 1.55% of his total assets.
General Electric has a forward P/E of 16.6, a P/B of 3 and a P/S of 2. GuruFocus gives General Electric a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Ken Fisher (Trades, Portfolio) is General Electric’s leading shareholder among the gurus with 31,224,886 shares in his portfolio. Fisher’s stake is 0.31% of General Electric’s outstanding shares and 1.94% of the guru’s total assets.
General Electric has a forward P/E of 16.6, a P/B of 3 and a P/S of 2. GuruFocus gives General Electric a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
General Electric sold for $28.24 per share Tuesday.
Hussman acquired a 125,000-share stake in Synaptics Inc. (SYNA, Financial), a San Jose, California-based computer hardware company, for an average price of $85 per share. The transaction had a 1.43% impact on Hussman’s portfolio.
In recent years, Hussman has twice had stakes in Synaptics that he sold out – in the fourth quarter of 2014 and the third quarter of 2015.
Hussman’s stake, the largest among the gurus, is 0.35% of Synaptics’ outstanding shares and 1.43% of Hussman’s total assets.
Synaptics has a P/E of 26.1, a forward P/E of 15.6, a P/B of 3.5 and a P/S of 1.5. GuruFocus gives Synaptics a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Synaptics sold for $71.54 per share Tuesday.
Hussman purchased a 125,000-share stake in Celanese Corp. (CE, Financial), an Irving, Texas-based chemicals company, for an average price of $68.11 per share. The deal had a 1.19% impact on Hussman’s portfolio.
Hussman had stakes in Celanese in his portfolio in the past. He invested in stakes in 2013 and 2014, then sold them later in those years.
The guru’s stake is 0.09% of Celanese’s outstanding shares and 1.19% of Hussman’s total assets.
Celanese has a P/E of 17.7, a forward P/E of 9.2, a P/B of 3.2 and a P/S of 1.6. GuruFocus gives Celanese a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Dodge & Cox is Celanese’s leading shareholder among the gurus with 14,079,079 shares in its portfolio. The stake is 9.6% of Celanese’s outstanding shares and 0.84 of Dodge & Cox’s total assets.
Celanese sold for $59.68 per share Tuesday.
The guru bought a 350,000-share stake in Jabil Circuit Inc. (JBL, Financial), a St. Petersburg, Florida-based manufacturing services company, for an average price of $23.84 per share. The transaction had a 1.16% impact on Hussman’s portfolio.
Jabil had a presence in Hussman’s portfolio before. Hussman acquired a stake in the second quarter of 2015, then sold it in the third quarter.
Hussman’s stake is 0.18% of Jabil’s outstanding shares and 1.16% of the guru’s total assets.
Jabil has a P/E of 10.9, a forward P/E of 7.1, a P/B of 1.6 and a P/S of 0.2. GuruFocus gives Jabil a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.
PRIMECAP Management (Trades, Portfolio) is Jabil’s largest shareholder among the gurus with a stake of 4,119,550 shares. PRIMECAP’s stake is 2.16% of Jabil’s outstanding shares and 0.1% of the guru’s total assets.
Jabil sold for $19.19 per share Tuesday.
Hussman invested in a 125,000-share stake in Aflac Inc. (AFL, Financial), a Columbus, Georgia-based financial services company, for an average price of $62.33 per share. The deal had a 1.06% impact on the guru’s portfolio.
Aflac has been in Hussman’s portfolio before, but he sold out his stakes, the last time in the first quarter of 2014.
Hussman’s stake in Aflac is 0.03% of the company’s outstanding shares and 1.06% of Hussman’s total assets.
Aflac has a P/E of 10, a forward P/E of 8.4, a P/B of 1.4 and a P/S of 1.2. GuruFocus gives Aflac a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Bill Nygren (Trades, Portfolio) is Aflac’s leading shareholder among the gurus with 5,670,000 shares in his portfolio. Nygren’s stake is 1.33% of Aflac’s outstanding shares and 2.09% of his total assets.
Aflac sold for $57.28 per share Tuesday.
Hussman purchased a 65,000-share stake in Travelers Companies Inc. (TRV, Financial), a New York-based insurance company, for an average price of $111.38 per share. The transaction had a 1.04% impact on Hussman’s portfolio.
Previously Hussman owned a 50,000-share stake in Travelers that he bought in the first quarter of 2015 and sold in the third quarter.
Hussman’s stake in Travelers is 0.02% of Travelers’ outstanding shares and 1.04% of Hussman’s total assets.
Travelers has a P/E of 9.4, a forward P/E of 11.2, a P/B of 1.4 and a P/S of 1.3. GuruFocus gives Travelers a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Pioneer Investments (Trades, Portfolio) is Travelers’ leading shareholder among the gurus with 1,231,702 shares in its portfolio. The stake is 0.4% of Travelers’ outstanding shares and 0.51% of Pioneer Investments (Trades, Portfolio)’ total assets.
Travelers sold for $106.03 per share Tuesday.
Hussman acquired a 650,000-share stake in United States Oil Fund LP (ETF) [USO] for an average price of $13.27 per share. The deal had a 1.01% impact on Hussman’s portfolio.
The stake is 1.01% of Hussman’s total assets.
United States Oil Fund LP sold for $8.57 per share Tuesday.
Hussman invested in a 150,000-share stake in Mondelez International Inc. (MDLZ, Financial), a Deerfield, Illinois-based food processing company, for an average price of $44.77 per share. The transaction had a 0.95% impact on Hussman’s portfolio.
Hussman’s stake is 0.01% of Mondelez’s outstanding shares and 0.95% of Hussman’s total assets.
Mondelez has a P/E of 8.1, a forward P/E of 18.6, a P/B of 2.3 and a P/S of 2.2. GuruFocus gives Mondelez a Financial Strength rating of 7/10 and a Profitability and Growth rating of 5/10.
Bill Ackman (Trades, Portfolio) is Mondelez’s leading shareholder among the gurus with 43,366,342 shares in his portfolio. The stake is 2.73% of Mondelez’s outstanding shares and 13.02% of Ackman’s total assets.
Mondelez sold for $41.95 per share Tuesday.
Hussman purchased a 100,000-share stake in Centene Corp. (CNC, Financial), a Clayton, Missouri-based health care company, for an average price of $59.39 per share. The deal had a 0.93% impact on Hussman’s portfolio.
Hussman’s stake in Centene is 0.08% of the company’s outstanding shares and 0.93% of his total assets.
Centene has a P/E of 21.2, a forward P/E of 14.1, a P/B of 3.6 and a P/S of 0.4. GuruFocus gives Centene a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Jim Simons (Trades, Portfolio) is Centene’s leading shareholder among the gurus with a stake of 1,898,400 shares. The stake is 1.59% of Centene’s outstanding shares and 0.25% of Simons’ total assets.
Centene sold for $60.84 per share Tuesday.
Hussman invested in a 200,000-share stake in Progressive Corp. (PGR, Financial), a Mayfield Village, Ohio-based vehicle insurance company, for an average price of $31.79 per share. The transaction had a 0.9% impact on Hussman’s portfolio.
Hussman previously owned stakes in Progressive but sold them in the second quarter of 2011, the first quarter of 2013 and the fourth quarter of 2013.
Hussman’s current stake is 0.03% of Progressive’s outstanding shares and 0.9% of Hussman’s total assets.
Progressive has a P/E of 13.8, a forward P/E of 14.2, a P/B of 2.5 and a P/S of 0.9. GuruFocus gives Progressive a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
PRIMECAP Management (Trades, Portfolio) is Progressive’s leading shareholder among the gurus with a stake of 11,498,650 shares. The stake is 1.97% of Progressive’s outstanding shares and 0.39% of PRIMECAP’s total assets.
Progressive sold for $30.49 per share Tuesday.
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