Julian Robertson is a hedge fund legend. He was the founder of Tiger Management, one of the earliest hedge funds. Robertson stopped managing money for his clients more than 10 years ago, but he is still widely followed in the media, and his comments attract a lot of attention.
John Griffin was second in command at Robertson's Tiger Management. In 1996, he launched Blue Ridge Capital. Griffin was one of the top hedge fund managers in 2007, returning 65% and pocketing $625 million. His three year average return was 17.83% at the end of 2009.
Both Robertson and Griffin are among the smartest investors in the world. We believe that by imitating their stock picks, investors are more likely to beat the market in the long term. Below we compiled a list of stocks both Robertson and Griffin are bullish on.
Valeant Pharmaceuticals Intl Inc (VRX): Valeant Pharmaceuticals International is a multinational, specialty pharmaceutical company. Robertson had $25 million invested in VRX and Griffin invested $509 million in the stock. It has a market cap of $10.69B, a P/E ratio of 11.52, and lost 30.50% since the end of June. Jeffrey Ubben had $784 million invested in VRX. Andreas Halvorsen, another Tiger cub, also invested over $200 million in VRX.
Apple Inc (NASDAQ:AAPL): Apple designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. Robertson had $36 million invested in AAPL and Griffin invested $403 million in the stock. It has a market cap of $343.57B, a P/E ratio of 14.67, and returned 12.42% since the end of June. Rob Citrone had over $700 million invested in AAPL. Apple was the most popular stock among hedge funds at the end of June.
Amazon.om Inc (NASDAQ:AMZN): Amazon.com is a customer-centric company. Robertson had $29 million invested in AMZN and Griffin invested $397 million in the stock. It has a market cap of $100.75B, a P/E ratio of 97.86, and returned 8.32% since the end of June. Ken Fisher had over $500 million of AMZN stock. Andreas Halvorsen also invested more than $400 million in AMZN.
Google Inc (NASDAQ:GOOG): Google is focused on improving the ways people connect with information. Robertson had $15.6 million invested in GOOG and Griffin invested $187 million in the stock. It has a market cap of $165.96B, a P/E ratio of 18.54, and returned 1.65% since the end of June. Ken Fisher and D. E. Shaw each had over $300 million of GOOG stock.
Teva Pharmaceutical Ltd (NYSE:TEVA): Teva is a global pharmaceutical and drug company. Robertson had $17.6 million invested in TEVA, and Griffin invested $119 million in the stock. It has a market cap of $34.59B, a P/E ratio of 10.55, and lost 21.63% since the end of June. Jeffrey Altman and John Paulson both had over $200 million invested in TEVA (see John Paulson’s top stock picks).
Cablevision Systems Corp (NYSE:CVC): Cablevision Systems Corporation is a cable operator in the United States. Robertson had $19 million invested in CVC and Griffin invested $119 million in the stock. It has a market cap of $4.69B, a P/E ratio of 13.39, and lost 33.59% since the end of June. Christian Leone and Chase Coleman both had about $150 million of CVC stock.
Goldman Sachs (NYSE:GS): Goldman Sachs is a global investment banking, securities and investment management company. Robertson had $22.4 million invested in GS and Griffin invested $72.7 million in the stock. It has a market cap of $47.52B, a P/E ratio of 9.23, and lost 26.20% since the end of June. Bruce Berkowitz had nearly $800 million of GS stock.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.