Guru John Hussman was a very active trader in the third quarter. The updated portfolio of Hussman Econometrics Advisors has 207 stocks, 27 of them new, a total value at $1.8 billion, with a quarter-over-quarter turnover of 22%. The portfolio is weighted with top three sectors: healthcare at 20.5%, consumer defensive at 16.7% and consumer cyclical at 15.4%. Dr. John Hussman is averaging a 12-month return of 14.42%.
Here are just four recent sell outs from Hussman’s numerous portfolio changes in the third quarter of 2013, starting with Best Buy Co. Inc. (BBY, Financial) up 264% since January.
Best Buy Co. Inc. (BBY): Sold Out
Up 197% over 12 months, Best Buy Co. Inc. has a market cap of $14.66 billion; its shares were traded at around $42.93 with a P/B ratio of 4.07. The dividend yield is 1.58%.
Guru Action: As of Sept. 30, 2013, John Hussman sold out his position unloading 2,250 shares at an average price of $33.22, for a gain of 29.2%. Hussman is a long-time stakeholder making years of gains on BBY. Hussman’s gains peaked in the second, third and fourth quarters of 2012 at 109.9%, 130.1% and 196.5%, respectively.
Track historical share pricing, revenue and net income:
CDI Corporation (CDI, Financial): Sold Out
Down 10% over 12 months, CDI Corporation has a market cap of $305.56 million; its shares were traded at around $15.71 with a P/E ratio of 19.10. The dividend yield is 3.31%.
Guru Action: As of Sept. 30, 2013, John Hussman sold out his position unloading 7,000 shares at an average price of $14.90, for a gain of 5.4%. Hussman held CDI for only two quarters, making a gain of 5.5% in the second quarter of 2013 when he made a new buy of 7,000 shares at an average price of $14.89 per share.
Track historical share pricing, revenue and net income:
Molex Inc. (MOLX, Financial): Sold Out
Up 47% over 12 months, Molex Inc. has a market cap of $6.9 billion; its shares were traded at around $38.54 with a P/E ratio of 27.20. The dividend yield is 2.39%.
Guru Action: As of Sept. 30, 2013, John Hussman sold out his MOLX position, selling 3,000 shares at an average price of $32.11, for a gain of 20%. Hussman held for three quarters total, also gaining 42.9% on 1,500 shares bought at an average price of $26.97, in the first quarter of 2012. He gained 46.3% on 1,500 bought at an average price of $26.35, in the fourth quarter of 2012.
Track historical share pricing, revenue and net income:
Norfolk Southern Corporation (NSC, Financial): Sold Out
Up 43% over 12 months, Norfolk Southern Corporation has a market cap of $26.88 billion; its shares were traded at around $87.00 with a P/E ratio of 15.30. The dividend yield is 2.34%.
Guru Action: As of Sept. 30, 2013, John Hussman sold out his position unloading 1,000 shares at an average price of $74.91, for a gain of 16.1%. Hussman held NSC for only two quarters, making a gain of 40.2% in the fourth quarter of 2012 when he made a new buy of 1,000 shares at an average price of $62.04 per share.
Track historical share pricing, revenue and net income:
Here is the complete portfolio of John Hussman.
Be sure to read about Hussman’s new buys in the third quarter of 2013.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
Here are just four recent sell outs from Hussman’s numerous portfolio changes in the third quarter of 2013, starting with Best Buy Co. Inc. (BBY, Financial) up 264% since January.
Best Buy Co. Inc. (BBY): Sold Out
Up 197% over 12 months, Best Buy Co. Inc. has a market cap of $14.66 billion; its shares were traded at around $42.93 with a P/B ratio of 4.07. The dividend yield is 1.58%.
Guru Action: As of Sept. 30, 2013, John Hussman sold out his position unloading 2,250 shares at an average price of $33.22, for a gain of 29.2%. Hussman is a long-time stakeholder making years of gains on BBY. Hussman’s gains peaked in the second, third and fourth quarters of 2012 at 109.9%, 130.1% and 196.5%, respectively.
Track historical share pricing, revenue and net income:
CDI Corporation (CDI, Financial): Sold Out
Down 10% over 12 months, CDI Corporation has a market cap of $305.56 million; its shares were traded at around $15.71 with a P/E ratio of 19.10. The dividend yield is 3.31%.
Guru Action: As of Sept. 30, 2013, John Hussman sold out his position unloading 7,000 shares at an average price of $14.90, for a gain of 5.4%. Hussman held CDI for only two quarters, making a gain of 5.5% in the second quarter of 2013 when he made a new buy of 7,000 shares at an average price of $14.89 per share.
Track historical share pricing, revenue and net income:
Molex Inc. (MOLX, Financial): Sold Out
Up 47% over 12 months, Molex Inc. has a market cap of $6.9 billion; its shares were traded at around $38.54 with a P/E ratio of 27.20. The dividend yield is 2.39%.
Guru Action: As of Sept. 30, 2013, John Hussman sold out his MOLX position, selling 3,000 shares at an average price of $32.11, for a gain of 20%. Hussman held for three quarters total, also gaining 42.9% on 1,500 shares bought at an average price of $26.97, in the first quarter of 2012. He gained 46.3% on 1,500 bought at an average price of $26.35, in the fourth quarter of 2012.
Track historical share pricing, revenue and net income:
Norfolk Southern Corporation (NSC, Financial): Sold Out
Up 43% over 12 months, Norfolk Southern Corporation has a market cap of $26.88 billion; its shares were traded at around $87.00 with a P/E ratio of 15.30. The dividend yield is 2.34%.
Guru Action: As of Sept. 30, 2013, John Hussman sold out his position unloading 1,000 shares at an average price of $74.91, for a gain of 16.1%. Hussman held NSC for only two quarters, making a gain of 40.2% in the fourth quarter of 2012 when he made a new buy of 1,000 shares at an average price of $62.04 per share.
Track historical share pricing, revenue and net income:
Here is the complete portfolio of John Hussman.
Be sure to read about Hussman’s new buys in the third quarter of 2013.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
