Hedge fund Blue Ridge Capital just reported its third quarter portfolio. The fund is run by John Griffin, who was the right hand man of the legendary hedge fund giant Julian Robertson. Blue Ridge seeks absolute returns by investing in companies who dominate their industries and shorting the companies who have fundamental problems. The firm employs fundamental analysis to make its investments.
John Griffin buys Charter Communications Inc, American Homes 4 Rent, Tesla Motors, Inc., E*Trade Financial Corp, Gap, Inc., Avis Budget Group Inc, Tenet Healthcare Corp, etc during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Blue Ridge Capital.
As of 09/30/2013, Blue Ridge Capital owns 50 stocks with a total value of $8.4 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of John Griffin
1. Priceline.com, Inc. (PCLN) - 404,000 shares, 4.9% of the total portfolio.
2. American International Group Inc (AIG) - 7,328,000 shares, 4.3% of the total portfolio. Shares reduced by 1.24%
3. Thermo Fisher Scientific Inc (TMO) - 3,700,000 shares, 4.1% of the total portfolio. Shares reduced by 9.42%
4. Liberty Global PLC (LBTYA) - 4,155,000 shares, 3.9% of the total portfolio. Shares reduced by 4.04%
5. Endo Health Solutions Inc (ENDP) - 7,000,000 shares, 3.8% of the total portfolio. Shares added by 2.94%
New Purchase: American Homes 4 Rent (AMH, Financial)
John Griffin initiated holdings in American Homes 4 Rent. His purchase prices were between $15.35 and $16.9, with an estimated average price of $16.01. The impact to his portfolio due to this purchase was 1.7%. His holdings were 8,700,000 shares as of 09/30/2013.
New Purchase: Tesla Motors, Inc. (TSLA, Financial)
John Griffin initiated holdings in Tesla Motors, Inc.. His purchase prices were between $109.05 and $190.9, with an estimated average price of $148.18. The impact to his portfolio due to this purchase was 1.2%. His holdings were 500,000 shares as of 09/30/2013.
New Purchase: Cliffs Natural Resources Inc. (CLF, Financial)
John Griffin initiated holdings in Cliffs Natural Resources Inc.. His purchase prices were between $15.68 and $24.54, with an estimated average price of $20.64. The impact to his portfolio due to this purchase was 0.35%. His holdings were 1,440,000 shares as of 09/30/2013.
New Purchase: BlackBerry Ltd (BBRY)
John Griffin initiated holdings in BlackBerry Ltd. His purchase prices were between $7.95 and $11.53, with an estimated average price of $9.73. The impact to his portfolio due to this purchase was 0.22%. His holdings were 2,345,000 shares as of 09/30/2013.
New Purchase: 3D Systems Corporation (DDD)
John Griffin initiated holdings in 3D Systems Corporation. His purchase prices were between $44.87 and $55.69, with an estimated average price of $49.48. The impact to his portfolio due to this purchase was 0.2%. His holdings were 305,000 shares as of 09/30/2013.
New Purchase: News Corporation (NWSA)
John Griffin initiated holdings in News Corporation. His purchase prices were between $14.67 and $17.105, with an estimated average price of $15.99. The impact to his portfolio due to this purchase was 0.19%. His holdings were 990,000 shares as of 09/30/2013.
New Purchase: HDFC Bank Ltd (HDB)
John Griffin initiated holdings in HDFC Bank Ltd. His purchase prices were between $27.32 and $37.95, with an estimated average price of $32.86. The impact to his portfolio due to this purchase was 0.14%. His holdings were 380,000 shares as of 09/30/2013.
New Purchase: Endo Health Solutions Inc (ENDP, Financial)
John Griffin initiated holdings in Endo Health Solutions Inc. His purchase prices were between $30.73 and $39.3, with an estimated average price of $35.95. The impact to his portfolio due to this purchase was 3%. His holdings were 6,800,000 shares as of 09/30/2013.
New Purchase: Ulta Salon Cosmetics & Fragrances, Inc. (ULTA, Financial)
John Griffin initiated holdings in Ulta Salon Cosmetics & Fragrances, Inc.. His purchase prices were between $81.69 and $100.12, with an estimated average price of $89.99. The impact to his portfolio due to this purchase was 2.3%. His holdings were 1,910,000 shares as of 09/30/2013.
New Purchase: Hertz Global Holdings Inc (HTZ)
John Griffin initiated holdings in Hertz Global Holdings Inc. His purchase prices were between $21.91 and $26.16, with an estimated average price of $24.36. The impact to his portfolio due to this purchase was 1.8%. His holdings were 6,100,000 shares as of 09/30/2013.
New Purchase: Twenty-First Century Fox Inc (FOXA)
John Griffin initiated holdings in Twenty-First Century Fox Inc. His purchase prices were between $26.35 and $29.077, with an estimated average price of $27.67. The impact to his portfolio due to this purchase was 1.6%. His holdings were 3,960,000 shares as of 09/30/2013.
New Purchase: HollyFrontier Corp (HFC)
John Griffin initiated holdings in HollyFrontier Corp. His purchase prices were between $40.73 and $52.04, with an estimated average price of $47.75. The impact to his portfolio due to this purchase was 1.4%. His holdings were 2,615,000 shares as of 09/30/2013.
New Purchase: Charter Communications Inc (CHTR, Financial)
John Griffin initiated holdings in Charter Communications Inc. His purchase prices were between $100.74 and $123.85, with an estimated average price of $109.87. The impact to his portfolio due to this purchase was 1.2%. His holdings were 835,319 shares as of 09/30/2013.
New Purchase: Avis Budget Group Inc (CAR, Financial)
John Griffin initiated holdings in Avis Budget Group Inc. His purchase prices were between $26.93 and $33.85, with an estimated average price of $30.08. The impact to his portfolio due to this purchase was 0.82%. His holdings were 2,350,000 shares as of 09/30/2013.
New Purchase: E*Trade Financial Corp (ETFC, Financial)
John Griffin initiated holdings in E*Trade Financial Corp. His purchase prices were between $9.54 and $12.66, with an estimated average price of $11.03. The impact to his portfolio due to this purchase was 0.59%. His holdings were 3,870,000 shares as of 09/30/2013.
New Purchase: LinkedIn Corp (LNKD)
John Griffin initiated holdings in LinkedIn Corp. His purchase prices were between $162.46 and $201.67, with an estimated average price of $177.17. The impact to his portfolio due to this purchase was 0.54%. His holdings were 250,000 shares as of 09/30/2013.
New Purchase: Tableau Software Inc (DATA)
John Griffin initiated holdings in Tableau Software Inc. His purchase prices were between $48.53 and $58.11, with an estimated average price of $53.51. The impact to his portfolio due to this purchase was 0.07%. His holdings were 100,000 shares as of 09/30/2013.
Sold Out: Owens-Corning, Inc. (OC)
John Griffin sold out his holdings in Owens-Corning, Inc.. His sale prices were between $37.25 and $40.72, with an estimated average price of $39.01.
Sold Out: Equinix, Inc. (EQIX)
John Griffin sold out his holdings in Equinix, Inc.. His sale prices were between $165.89 and $202.98, with an estimated average price of $181.01.
Sold Out: Realogy Holdings Corp (RLGY)
John Griffin sold out his holdings in Realogy Holdings Corp. His sale prices were between $41.66 and $50.8, with an estimated average price of $45.21.
Sold Out: Michael Kors Holdings Ltd (KORS)
John Griffin sold out his holdings in Michael Kors Holdings Ltd. His sale prices were between $61.69 and $77.49, with an estimated average price of $69.75.
Sold Out: Youku Tudou Inc (YOKU)
John Griffin sold out his holdings in Youku Tudou Inc. His sale prices were between $18.05 and $28.71, with an estimated average price of $22.91.
Sold Out: Expedia, Inc. (EXPE)
John Griffin sold out his holdings in Expedia, Inc.. His sale prices were between $45.7 and $65.52, with an estimated average price of $53.34.
Sold Out: Tableau Software Inc (DATA)
John Griffin sold out his holdings in Tableau Software Inc. His sale prices were between $52.07 and $74.75, with an estimated average price of $64.24.
Sold Out: News Corporation (NWSA)
John Griffin sold out his holdings in News Corporation. His sale prices were between $15.25 and $15.8, with an estimated average price of $15.52.
Sold Out: Tesla Motors, Inc. (TSLA)
John Griffin sold out his holdings in Tesla Motors, Inc.. His sale prices were between $40.5 and $110.334, with an estimated average price of $75.27.
John Griffin buys Charter Communications Inc, American Homes 4 Rent, Tesla Motors, Inc., E*Trade Financial Corp, Gap, Inc., Avis Budget Group Inc, Tenet Healthcare Corp, etc during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Blue Ridge Capital.
As of 09/30/2013, Blue Ridge Capital owns 50 stocks with a total value of $8.4 billion. These are the details of the buys and sells.
- New Purchases: AMH, TSLA, CLF, BBRY, DDD, NWSA, HDB, ENDP, ULTA, HTZ, FOXA, HFC, CHTR, CAR, ETFC, LNKD, DATA,
- Added Positions: CHTR, ETFC, GPS, CAR, THC, SBH, ULTA, ENDP, C, OC, LBTYA,
- Reduced Positions: CMCSA, RL, HTZ, GILD, HCA, TMO, C, NFLX, LBTYA, GILD, RRC, RLGY, DLTR, NFLX, TMO, AIG, RL, ST, PCLN, GOOG, EQIX,
- Sold Out: OC, EQIX, KORS, RLGY, YOKU, EXPE, DATA, NWSA, TSLA,
This is the sector weightings of his portfolio:
| Consumer Cyclical | 31.4% |
| Healthcare | 14.3% |
| Financial Services | 13.5% |
| Communication Services | 8.6% |
| Industrials | 8.4% |
| Technology | 8.3% |
| Basic Materials | 7.5% |
| Consumer Defensive | 2.9% |
| Energy | 2.7% |
These are the top 5 holdings of John Griffin
1. Priceline.com, Inc. (PCLN) - 404,000 shares, 4.9% of the total portfolio.
2. American International Group Inc (AIG) - 7,328,000 shares, 4.3% of the total portfolio. Shares reduced by 1.24%
3. Thermo Fisher Scientific Inc (TMO) - 3,700,000 shares, 4.1% of the total portfolio. Shares reduced by 9.42%
4. Liberty Global PLC (LBTYA) - 4,155,000 shares, 3.9% of the total portfolio. Shares reduced by 4.04%
5. Endo Health Solutions Inc (ENDP) - 7,000,000 shares, 3.8% of the total portfolio. Shares added by 2.94%
New Purchase: American Homes 4 Rent (AMH, Financial)
John Griffin initiated holdings in American Homes 4 Rent. His purchase prices were between $15.35 and $16.9, with an estimated average price of $16.01. The impact to his portfolio due to this purchase was 1.7%. His holdings were 8,700,000 shares as of 09/30/2013.
New Purchase: Tesla Motors, Inc. (TSLA, Financial)
John Griffin initiated holdings in Tesla Motors, Inc.. His purchase prices were between $109.05 and $190.9, with an estimated average price of $148.18. The impact to his portfolio due to this purchase was 1.2%. His holdings were 500,000 shares as of 09/30/2013.
New Purchase: Cliffs Natural Resources Inc. (CLF, Financial)
John Griffin initiated holdings in Cliffs Natural Resources Inc.. His purchase prices were between $15.68 and $24.54, with an estimated average price of $20.64. The impact to his portfolio due to this purchase was 0.35%. His holdings were 1,440,000 shares as of 09/30/2013.
New Purchase: BlackBerry Ltd (BBRY)
John Griffin initiated holdings in BlackBerry Ltd. His purchase prices were between $7.95 and $11.53, with an estimated average price of $9.73. The impact to his portfolio due to this purchase was 0.22%. His holdings were 2,345,000 shares as of 09/30/2013.
New Purchase: 3D Systems Corporation (DDD)
John Griffin initiated holdings in 3D Systems Corporation. His purchase prices were between $44.87 and $55.69, with an estimated average price of $49.48. The impact to his portfolio due to this purchase was 0.2%. His holdings were 305,000 shares as of 09/30/2013.
New Purchase: News Corporation (NWSA)
John Griffin initiated holdings in News Corporation. His purchase prices were between $14.67 and $17.105, with an estimated average price of $15.99. The impact to his portfolio due to this purchase was 0.19%. His holdings were 990,000 shares as of 09/30/2013.
New Purchase: HDFC Bank Ltd (HDB)
John Griffin initiated holdings in HDFC Bank Ltd. His purchase prices were between $27.32 and $37.95, with an estimated average price of $32.86. The impact to his portfolio due to this purchase was 0.14%. His holdings were 380,000 shares as of 09/30/2013.
New Purchase: Endo Health Solutions Inc (ENDP, Financial)
John Griffin initiated holdings in Endo Health Solutions Inc. His purchase prices were between $30.73 and $39.3, with an estimated average price of $35.95. The impact to his portfolio due to this purchase was 3%. His holdings were 6,800,000 shares as of 09/30/2013.
New Purchase: Ulta Salon Cosmetics & Fragrances, Inc. (ULTA, Financial)
John Griffin initiated holdings in Ulta Salon Cosmetics & Fragrances, Inc.. His purchase prices were between $81.69 and $100.12, with an estimated average price of $89.99. The impact to his portfolio due to this purchase was 2.3%. His holdings were 1,910,000 shares as of 09/30/2013.
New Purchase: Hertz Global Holdings Inc (HTZ)
John Griffin initiated holdings in Hertz Global Holdings Inc. His purchase prices were between $21.91 and $26.16, with an estimated average price of $24.36. The impact to his portfolio due to this purchase was 1.8%. His holdings were 6,100,000 shares as of 09/30/2013.
New Purchase: Twenty-First Century Fox Inc (FOXA)
John Griffin initiated holdings in Twenty-First Century Fox Inc. His purchase prices were between $26.35 and $29.077, with an estimated average price of $27.67. The impact to his portfolio due to this purchase was 1.6%. His holdings were 3,960,000 shares as of 09/30/2013.
New Purchase: HollyFrontier Corp (HFC)
John Griffin initiated holdings in HollyFrontier Corp. His purchase prices were between $40.73 and $52.04, with an estimated average price of $47.75. The impact to his portfolio due to this purchase was 1.4%. His holdings were 2,615,000 shares as of 09/30/2013.
New Purchase: Charter Communications Inc (CHTR, Financial)
John Griffin initiated holdings in Charter Communications Inc. His purchase prices were between $100.74 and $123.85, with an estimated average price of $109.87. The impact to his portfolio due to this purchase was 1.2%. His holdings were 835,319 shares as of 09/30/2013.
New Purchase: Avis Budget Group Inc (CAR, Financial)
John Griffin initiated holdings in Avis Budget Group Inc. His purchase prices were between $26.93 and $33.85, with an estimated average price of $30.08. The impact to his portfolio due to this purchase was 0.82%. His holdings were 2,350,000 shares as of 09/30/2013.
New Purchase: E*Trade Financial Corp (ETFC, Financial)
John Griffin initiated holdings in E*Trade Financial Corp. His purchase prices were between $9.54 and $12.66, with an estimated average price of $11.03. The impact to his portfolio due to this purchase was 0.59%. His holdings were 3,870,000 shares as of 09/30/2013.
New Purchase: LinkedIn Corp (LNKD)
John Griffin initiated holdings in LinkedIn Corp. His purchase prices were between $162.46 and $201.67, with an estimated average price of $177.17. The impact to his portfolio due to this purchase was 0.54%. His holdings were 250,000 shares as of 09/30/2013.
New Purchase: Tableau Software Inc (DATA)
John Griffin initiated holdings in Tableau Software Inc. His purchase prices were between $48.53 and $58.11, with an estimated average price of $53.51. The impact to his portfolio due to this purchase was 0.07%. His holdings were 100,000 shares as of 09/30/2013.
Sold Out: Owens-Corning, Inc. (OC)
John Griffin sold out his holdings in Owens-Corning, Inc.. His sale prices were between $37.25 and $40.72, with an estimated average price of $39.01.
Sold Out: Equinix, Inc. (EQIX)
John Griffin sold out his holdings in Equinix, Inc.. His sale prices were between $165.89 and $202.98, with an estimated average price of $181.01.
Sold Out: Realogy Holdings Corp (RLGY)
John Griffin sold out his holdings in Realogy Holdings Corp. His sale prices were between $41.66 and $50.8, with an estimated average price of $45.21.
Sold Out: Michael Kors Holdings Ltd (KORS)
John Griffin sold out his holdings in Michael Kors Holdings Ltd. His sale prices were between $61.69 and $77.49, with an estimated average price of $69.75.
Sold Out: Youku Tudou Inc (YOKU)
John Griffin sold out his holdings in Youku Tudou Inc. His sale prices were between $18.05 and $28.71, with an estimated average price of $22.91.
Sold Out: Expedia, Inc. (EXPE)
John Griffin sold out his holdings in Expedia, Inc.. His sale prices were between $45.7 and $65.52, with an estimated average price of $53.34.
Sold Out: Tableau Software Inc (DATA)
John Griffin sold out his holdings in Tableau Software Inc. His sale prices were between $52.07 and $74.75, with an estimated average price of $64.24.
Sold Out: News Corporation (NWSA)
John Griffin sold out his holdings in News Corporation. His sale prices were between $15.25 and $15.8, with an estimated average price of $15.52.
Sold Out: Tesla Motors, Inc. (TSLA)
John Griffin sold out his holdings in Tesla Motors, Inc.. His sale prices were between $40.5 and $110.334, with an estimated average price of $75.27.
