Seeking Alpha
Newsletter provider, fund holdings, insider ownership
Profile| Send Message|
( followers)  

John Griffin is one of the most successful "tiger cubs." He launched his own hedge fund, Blue Ridge Capital, in 1996. Prior to that, he was second in command at Julian Robertson’s Tiger Management. In 2007, he was declared one of the top hedge fund managers as Blue Ridge returned 65%. Even during the financial crisis of 2008, Griffin had a relatively small loss of around 8%. Similar to other Tiger cubs, he adopts a long/short equity strategy with a long bias. We recently analyzed Julian Robertson’s tiger cubs’ alpha to see if they really are this good. Blue Ridge’s Griffin, along with Tiger Global’s Chase Coleman and Maverick Capital’s Lee Ainslie, are the tiger cubs with the highest returns over the years.

During the second quarter of 2011, Griffin cut his stake in Teva Pharmaceuticals (NYSE:TEVA) by 22%, JPMorgan Chase (NYSE:JPM) by 28%, Dollar Tree (NASDAQ:DLTR) and Range Resources Corp (NYSE:RRC) each by 17%, and Amazon (NASDAQ:AMZN) by 1%. Among the reduced positions, Range Resource Corp and Dollar Tree realized positive returns. Range Resource gained 9% while Dollar Tree gained 2%. Here are John Griffin’s latest stock picks at the end of June:

Company

Ticker

Value (x1,000)

Activity

Return Since June

VALEANT

(NYSE:VRX)

509208

10%

-18%

APPLE INC

(NASDAQ:AAPL)

402804

23%

12%

AMAZON COM INC

(AMZN)

397098

-1%

-5%

NETFLIX INC

(NASDAQ:NFLX)

292899

11%

-18%

MARKET VECTORS E T F TRUST

(NYSEARCA:GDX)

272841

0%

10%

RANGE RESOURCES CORP

(RRC)

262349

-17%

9%

THERMO FISHER SCIENTIFIC

(NYSE:TMO)

257560

43%

-17%

CITRIX SYSTEMS INC

(NASDAQ:CTXS)

245200

0%

-31%

NRG ENERGY INC

(NYSE:NRG)

212617

22%

-9%

JPMORGAN CHASE & CO

(JPM)

203472

-28%

-12%

LEVEL 3 COMMUNICATIONS

(NYSE:LVLT)

202920

354%

-27%

SANDISK CORP

(NASDAQ:SNDK)

192560

New

-16%

DOLLAR TREE INC

(DLTR)

191866

-17%

2%

GOOGLE INC

(NASDAQ:GOOG)

187361

New

3%

BAKER HUGHES INC

(NYSE:BHI)

183214

0%

-23%

SENSATA TECHNOLOGIES

(NYSE:ST)

173083

52%

-19%

EBAY INC

(NASDAQ:EBAY)

159414

12%

-10%

UNITED CONTINENTAL

(NYSE:UAL)

148792

New

-23%

MONSANTO CO NEW

(NYSE:MON)

146168

New

-2%

TEVA PHARMACEUTICAL

(TEVA)

118862

-22%

-17%

John Griffin has $509 million invested in Valeant Pharmaceuticals (VRX) as of June. During the second quarter he increased stake in the company by 10%. Valeant Pharmaceuticals makes up 7.67% of Blue Ridge Capital’s 13F portfolio. Griffin has the second largest position in the company. (Jeffrey Ubben’s Valueact Capital has the largest position with $784 million invested in the company as of June). Since the end of June, Valeant Pharmaceuticals has lost 18%.

In the second quarter John Griffin increased his Apple (AAPL) holdings by 23%. It is the second-largest holding of Blue Ridge. Since the end of June, Apple has gained 12%. Ken Griffin’s Citadel Investment Group has both put and call options of the company. Ken Griffin and John Griffin also have Sandisk Corp (SNDK) in common. During the second quarter, John Griffin added Sandisk to Blue Ridge’s equity portfolio. He currently has the largest position in the company. Since the end of June, Sandisk Corp has lost 16%.

John Griffin increased Level 3 Communications (LVLT) by 354% during the second quarter. He has $202 million invested in the company. Another one of the most popular hedge fund managers bullish about Level 3 Communications is Jim Simons. He purchased Level 3 Communications to Renaissance Technologies’ equity portfolio during the second quarter.

Amazon lost 5% since the end of June. It is Blue Ridge Capital’s third-largest holding, and makes up 5.98% of the firm’s equity portfolio as of June. Ken Fisher’s Fisher Asset Management has the highest position in Amazon. Fisher has $516 million invested in the company.

As of June, John Griffin has the largest position in NRG Energy (NRG). During the second quarter he increased his stake in the company by 22%. Since the end of June, NRG Energy has lost 9%. Steven Cohen is another famous investor who is bullish about NRG Energy. He added the company to SAC Capital Advisors’ equity portfolio during the second quarter.

Despite the 12% loss in JPMorgan Chase & Co during the past couple of months, there are many famous investors who are bullish about the company. These include Lee Ainslie, Andreas Halvorsen, John Paulson, and Eric Mindich, to name a few. Lee Ainslie increased his stake in the company by 80% during the second quarter. He has the second-highest position in JPMorgan Chase. In the second quarter, John Griffin cut his JPMorgan Chase stake by 28%. He has $203 million invested in the company as of June.

Overall, John Griffin’s top five stock picks outperformed the market since the end of June. We believe investors can beat the market over the long term by imitating his top stock picks.

Source: John Griffin's Top Buys And Portfolio Moves