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

Billionaire Jeffrey Vinik is the owner of Tampa Bay Lightning (NHL) and the Tampa Bay Strom (AFL). He is also a minority owner of Boston Red Sox (MLB) and is on board directors for Liverpool Football Club of the Premier League. As the founder of Vinik Asset Management, Jeffrey Vinik made about 50% per year between the fund’s inception in 1996 and 2000. Vinik returned investors $4.2 billion at the end of 2000 and closed the doors of Vinik Asset Management. He decided to use the fund to manage his personal wealth. Like George Soros, Vinik manages his own capital as well as his friends’ and family’s assets in Vinik Asset Management. Luckily we can still take a peek at his stock picks once every three months.

Here is a list of top 20 positions in Jeff Vinik’s 13F portfolio at the end of September.

Company Name

Ticker

Value

Activity

SPDR S & P 500 ETF TRUST

SPY

973090

New

SPDR GOLD TRUST

GLD

533453

297%

ISHARES TRUST

IWM

411520

New

POWERSHARES QQQ TRUST

QQQ

257201

New

APPLE INC

AAPL

118400

-63%

SCHLUMBERGER LTD

SLB

99928

2%

GOOGLE INC

GOOG

96056

7%

UNITEDHEALTH GROUP INC

UNH

95833

17%

SECTOR SPDR TRUST

XLE

81914

New

COGNIZANT

CTSH

81715

-44%

BAIDU INC

BIDU

81316

49%

MACYS INC

M

76605

-38%

HUNT J B TRANSPORT SERVICES

JBHT

72837

-13%

BAKER HUGHES INC

BHI

64938

78%

LULULEMON ATHLETICA INC

LULU

63891

814%

ROSS STORES INC

ROST

63245

-30%

ULTA SALON COSMETICS

ULTA

63159

-19%

OLD DOMINION FREIGHT LINE

ODFL

60838

19%

ALLIED NEVADA GOLD CORP

ANV

59713

New

M G M RESORTS

MGM

58760

89%

During the third quarter, Vinik reduced his portfolio value from $8.98 billion to $5.85 billion. He also largely reduced the number of positions in his fund. Vinik Asset Management had 369 positions at the end of June and it reported to own 239 positions at the end of September. The fund sold out 195 positions over the third quarter. For instance, Vinik reported to own $231 million worth of iShares MSCI Emerging Markets Index (NYSEARCA:EEM) at the end of June and the fund sold out all the EEM shares in the third quarter. EEM returned 9.80% since the end of September, higher than the 7.80% of SPY. Vinik also sold out $67.5 million worth of Autoliv Inc (NYSE:ALV), which returned 5.94% since September 30, as well as other 193 stocks.

Vinik increased his stake in SPDR Gold Trust (NYSEARCA:GLD). He disclosed to own $533 million worth of GLD at the end of September, up 297% from the end of June. GLD returned 6.05% since the end of the third quarter. Vinik also increased his position in Schlumberger Ltd (NYSE:SLB) by 2% to $99.9 million, his position in Google Inc (NASDAQ:GOOG) by 7% to $96.1 million and his position in Unitedhealth Group Inc (NYSE:UNH) by 17% to $95.8 million. These three positions generated a weighted average return of 10.63%, beating the market by almost three percentage points.

The largest position in Vinik’s portfolio at the end of the third quarter was SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which returned 7.80% since then. It is also a new position opened by Vinik over the third quarter. Vinik also opened a few other new positions during the third quarter. For instance, he initiated a brand new $412 million iSHares Russell 2000 Index (NYSEARCA:IWM), which returned 11.94% since the end of September. He also bought new stakes in Powershares QQQ Trust (NASDAQ:QQQ), which returned 5.54% since September 30.

Jeffrey Vinik has an outstanding track record. His stock picks have beaten the market during most years over the past two decades. We believe investors can beat the market by focusing on Jeffrey Vinik’s top stock selections.

Disclosure: I am long SPY.

Source: Billionaire Jeffrey Vinik's Top Stock Picks