Being extremely bearish, John Hussman sold heavily in the first quarter, and bought only four new stocks and sold 36. Hussman has repeated saying that the market is overvalued, overbought, and “within the most negative 1% of historical return/risk profiles.” He is almost 100% hedged with his fund.
Hussman was also extremely bearish in 2007, and he was right. He avoided large losses in the crash of 2008. But he also missed the gains of 2009 and 2010. He has consistently criticized the policies of the central banks, saying that they only protected bond holders. For the latest portfolio, he invests heavily in healthcare and consumer services.
This is the portfolio chart of John Hussman. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
This is the sector weightings of his portfolio:
These are the top 5 holdings of John Hussman
New Purchase: Agilent Tech (A)
John Hussman initiated holdings in Agilent Tech. His purchase prices were between $36.19 and $45.86, with an estimated average price of $38.52. The impact to his portfolio due to this purchase was 0.86%. His holdings were 1,000,000 shares as of 03/31/2012.
New Purchase: Hershey Co/the (HSY)
John Hussman initiated holdings in Hershey Co/the. His purchase prices were between $59.49 and $61.94, with an estimated average price of $57.09. The impact to his portfolio due to this purchase was 0.4%. His holdings were 339,000 shares as of 03/31/2012.
New Purchase: Intl Paper (IP)
John Hussman initiated holdings in Intl Paper. His purchase prices were between $29.97 and $36.29, with an estimated average price of $31.17. The impact to his portfolio due to this purchase was 0.35%. His holdings were 519,000 shares as of 03/31/2012.
New Purchase: Ishars-hongkong (EWH)
John Hussman initiated holdings in Ishars-hongkong. His purchase prices were between $15.55 and $18.28, with an estimated average price of $16.22. The impact to his portfolio due to this purchase was 0.02%. His holdings were 70,000 shares as of 03/31/2012.
Hussman was also extremely bearish in 2007, and he was right. He avoided large losses in the crash of 2008. But he also missed the gains of 2009 and 2010. He has consistently criticized the policies of the central banks, saying that they only protected bond holders. For the latest portfolio, he invests heavily in healthcare and consumer services.
This is the portfolio chart of John Hussman. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
- New Purchases: A, HSY, IP, EWH,
- Added Positions: PG, LLY, JNJ, KMB, GIS, CLX, K, DELL, MDT, CBST,
- Reduced Positions: ABX, NEM, PNRA, GG, MAT, GOLD, EBAY, UA, TJX, BVN, CSCO, AU, ADTN, XLNX, CHL, HUM, SYNA, BRCM, GFI, BBBY, BMC, TXN, VRTX, LH, AMZN, GILD, PDCO, MSFT, SYK, BDX, ESI, ACE, HMY, SYY, AEM, NVS, SYNT, GPS, ORCL, QLGC, FRX, FSLR, RMD, SBS,
- Sold Out: ROST, AZO, MA, INTU, QCOM, BCR, NKE, PETM, COV, AFL, COH, BAX, SOHU, OTEX, WDC, ACN, WU, CTSH, ADBE, TER, HPQ, WHR, CAH, VPRT, PRX, IPXL, IDXX, TECH, NYT, EWC, SNP, CIG, EOC, SSRX, ELP, PHI,
This is the sector weightings of his portfolio:
| Health Care | 34.1% |
| Consumer Services | 22.4% |
| Consumer Goods | 15.5% |
| Technology | 14.2% |
| Oil & Gas | 3.5% |
| Industrials | 2.9% |
| Telecom | 2.3% |
| Financials | 2% |
| Basic Materials | 1.7% |
| Utilities | 0.5% |
These are the top 5 holdings of John Hussman
- Biogen Idec Inc (BIIB) - 1,000,000 shares, 2.4% of the total portfolio. Shares reduced by 14.02%
- Coca Cola Co (KO) - 1,603,750 shares, 2.3% of the total portfolio. Shares added by 0.05%
- Panera Bread Co (PNRA) - 750,000 shares, 2.3% of the total portfolio. Shares reduced by 38.93%
- Astrazeneca Plc (AZN) - 2,517,000 shares, 2.2% of the total portfolio. Shares reduced by 16.55%
- Intel Corp (INTC) - 4,002,500 shares, 2.2% of the total portfolio. Shares reduced by 19.95%
New Purchase: Agilent Tech (A)
John Hussman initiated holdings in Agilent Tech. His purchase prices were between $36.19 and $45.86, with an estimated average price of $38.52. The impact to his portfolio due to this purchase was 0.86%. His holdings were 1,000,000 shares as of 03/31/2012.
New Purchase: Hershey Co/the (HSY)
John Hussman initiated holdings in Hershey Co/the. His purchase prices were between $59.49 and $61.94, with an estimated average price of $57.09. The impact to his portfolio due to this purchase was 0.4%. His holdings were 339,000 shares as of 03/31/2012.
New Purchase: Intl Paper (IP)
John Hussman initiated holdings in Intl Paper. His purchase prices were between $29.97 and $36.29, with an estimated average price of $31.17. The impact to his portfolio due to this purchase was 0.35%. His holdings were 519,000 shares as of 03/31/2012.
New Purchase: Ishars-hongkong (EWH)
John Hussman initiated holdings in Ishars-hongkong. His purchase prices were between $15.55 and $18.28, with an estimated average price of $16.22. The impact to his portfolio due to this purchase was 0.02%. His holdings were 70,000 shares as of 03/31/2012.
