Julian Robertson is Bullish About These Tech, Consumer and Healthcare Stocks

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 |  Includes: AAPL, AMAP, AMZN, CCL, CEO, CHTR, CNQ, CRME, CVC, CXO, DGI, EMC, GOOG, GS, INVA, LCAV, MA, QCOM, RYAAY, SEE, SIRI, SON, SU, TAOM, TEVA, V, VRX, WX
by: Insider Monkey

Julian Robertson is a legendary hedge fund manager. He founded Tiger Management Group in 1980. At one point Tiger Management became the largest hedge fund managing $23 billion. Robertson delivered an annualized return of 31.7% after fees between 1980 and 1998. However, in 1999 and 2000 Tiger Management suffered large losses. The assets under management of the hedge fund plunged from $23 billion to $6 billion and Tiger Management’s overall return went down to 26%.

Robertson stopped managing money for his clients but he still manages his own investments. He is still widely followed by the media. Over the years he has gained considerable recognition as the legendary mentor of some of the most renowned hedge fund managers. His protégés are widely known as the ‘Tiger Cubs.’ John Griffin, Chase Coleman, Lee Ainslie, and Stephen Mandel are famous Tiger Cubs. We recently wrote an article which addressed whether Julian Robertson’s Tiger Cubs have alpha.

During the second quarter, Julian Robertson sold Lyondellbasell Industries (NYSE:LYB), Petroleum Development (PETD), and Chinacache International Holdings (NASDAQ:CCIH). Since June, LYB lost -11%, PETD lost 9%, and CCIH lost more than 16%. Moreover, Robertson also reduced his holdings in Google (NASDAQ:GOOG) by 19%, Time Warner Cable (TWC) by 15% and EMC Corp (NYSE:EMC) by 11%. Since the end of the second quarter, GOOG returned 11% while both EMC and TWC lost 16%. Here are Julian Robertson’s new favorite stock picks at the end of June:

Company

Ticker

Value (x1000)

Activity

Return Since June

APPLE INC

AAPL

35692

31%

12%

AMAZON COM

AMZN

29315

-5%

-1%

VALEANT

VRX

25024

7%

-22%

MASTERCARD INC

MA

24734

-6%

9%

GOLDMAN SACHS

GS

22432

17%

-12%

VISA INC

V

21579

-4%

-1%

CABLEVISION SYS

CVC

19010

0%

-26%

WUXI PHARMATECH

WX

18279

-5%

-19%

TEVA PHARMA

TEVA

17571

NEW

-17%

TIME WARNER CABLE

TWC

17387

-15%

-16%

QUALCOMM INC

QCOM

17026

-5%

-11%

CONCHO RES INC

CXO

16110

NEW

-8%

GOOGLE INC

GOOG

15597

-19%

11%

E M C CORP MASS

EMC

15400

-11%

-16%

CANADIAN NAT RES

CNQ

14808

0%

-12%

DIGITALGLOBE INC

DGI

14379

0%

-22%

CARDIOME PHARMA

CRME

11269

0%

-12%

AUTONAVI HLDGS

AMAP

9098

NEW

4%

LCA-VISION INC

LCAV

7719

0%

-36%

TAOMEE HLDGS LTC

TAOM

5120

NEW

24%

THERAVANCE INC

THRX

4669

-1%

-17%

RYANAIR HLDGS PLC

RYAAY

3609

-8%

-10%

SUNCOR ENERGY

SU

2678

0%

-18%

NEXEN INC

NXY

2057

0%

-9%

SEALED AIR CORP

SEE

1156

0%

-22%

SONOCO PRODS CO

SON

848

0%

-17%

CARNIVAL CORP

CCL

374

0%

-17%

SIRIUS XM RADIO

SIRI

219

NEW

-15%

Click to enlarge

During the second quarter of 2011, Julian Robertson added Taomee Holdings (NYSE:TAOM). Taomee is a Chinese children’s entertainment and media company. He purchased 500,000 shares of Taomee at an average price of $9.64. Since June, TAOM has returned 24%. Robertson also initiated a brand new position in AutoNavi Holdings (NASDAQ:AMAP) during the second quarter. The stock gained 4% since the end of June. Richard Chilton’s Chilton Investment Company also has AMAP in its portfolio (check out Richard Chilton’s stock holdings).

Another one of his holdings that realized higher returns is Apple Inc (NASDAQ:AAPL). Since the end of June, Apple has gained 12%. During the second quarter of 2011, Julian Robertson increased his AAPL holdings by 31%. In the previous quarter, he reduced his holdings by 33%, so Robertson doesn’t shy away from making quarterly adjustments to his holdings. Apple is Robertson’s largest 13F portfolio holding. In the second quarter, Joel Greenblatt’s Gotham Asset Management added Apple to his 13F portfolio (view Joel Greenblatt’s magic formula stocks).

During the second quarter, Robertson increased Valeant Pharmaceuticals (NYSE:VRX) by 7%. It is currently Julian Robertson’s 3rd largest holding. As of June, he has $25 million in Valeant. Since June, Valeant has lost 22%. Glenn Greenberg’s Brave Warrior Capital purchased VRX in the first quarter of 2011. In the second quarter he increased his holding by 47%.

Since June Julian Robertson’s top stock picks have lost 8.1% vs. 10.5% loss for the SPY. We believe investors can imitate Robertson and be able to beat the market over the long term.

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