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Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of Mad Money and also the co-founder and chairman of Nearly two hundred fifty thousand people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Jim Cramer’s bullish and bearish stock picks on his show are the starting points for many investments made by these folks. Cramer makes several bullish calls in his show but he only buys a small proportion of these stocks for his charitable trust.

Here are the stocks Jim Cramer recently purchased for his charitable trust:



No. of Hedge Funds

Value (x1000)

Emerson Electric




Ensco Plc




Freeport McMoran




IBM Corp




Sanofi Aventis




Starwood Hotels




U.S. Bancorp




Viacom Inc




United Parcel Service




Viacom is one of the most popular stocks among 30+ hedge funds we are following. Finally, Cramer agrees with the hedge funds and bought VIA-B for his charitable trust.

Glenview Capital’s Larry Robbins said:

We like the stability and growth of cable networks based upon the growing and recurring nature of affiliate fees, and we are in the recovery phase of ad spending coming off of the 08/09 recessionary pullback… the business remains highly cash generative with free cash flow equal to approximately 110% of net income.

Glenview likes Viacom because of its share buybacks. Robbins believes that’s the best way for Viacom to deploy its excess capital. Eric Mindich’s Eton Park, Chris Hohn’s Childrens Investment Fund, and Chase Coleman’s Tiger Global are extremely bullish about Viacom too.

U.S. Bancorp is one of the few banking stocks Cramer is bullish about. Considering that Cramer just sold his JP Morgan (NYSE:JPM) shares in his charitable trust’s portfolio, he must be really bullish about USB. Warren Buffett, Andreas Halvorsen’s Viking Global, and Stephen Mandel’s Lone Pine Capital also like USB.

Last week Cramer said the following about Novagold (NYSEMKT:NG):

I feel burned on NG. I thought it would trade up along with gold...the gold stocks have been terrible. NG has been worse than terrible...They want gold now in the ground. I bought some and sold some. It is an admission of defeat. This one did not work for me.”

He recently added Freeport McMoran to make up for NG’s shortcomings. FCX has a higher correlation with gold prices than NG. There are several prominent fund managers who are also bullish about FCX. Ken Fisher has more than $700 million in FCX. Jeffrey Vinik, Jim Simons, and Richard Chilton also have FCX in their portfolios.

Investors who like Jim Cramer’s stock picks should focus on the stocks he recently added to his portfolio. These are fresher ideas than the stocks he has been holding for a very long time.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.