As the founder of one of the earliest hedge funds, Julian Robertson (Trades, Portfolio) is a pioneer in the world of investing. Robertson made 16 new buys in the first quarter, two of which were significant enough to join the 10 most valuable stakes in his portfolio. Now retired, Robertson invests in hedge funds that are often run by his former employees.
Robertson's net worth has been estimated at nearly $3.5 billion.
In the first quarter of 2015, he added 16 stakes to his portfolio.
Allergan PLC (AGN), a global pharmaceutical company with headquarters in Dublin, Ireland and New Jersey, became Robertson's eighth-most valuable stake when he acquired 72,500 shares for an average price of $285.1 per share. The deal had a 3.62% impact on his portfolio.
Allergan has a market cap of $120.58 billion and an enterprise value of $137.75 billion. It has a Price/Book of 1.8 and a Price/Sales of 5.2. Vanguard Health Care Fund (Trades, Portfolio), Andreas Halvorsen (Trades, Portfolio), John Paulson (Trades, Portfolio), Daniel Loeb (Trades, Portfolio), Larry Robbins (Trades, Portfolio), Steve Mandel (Trades, Portfolio), Jana Partners (Trades, Portfolio), First Eagle Investment (Trades, Portfolio), John Griffin (Trades, Portfolio), Bill Ackman (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), George Soros (Trades, Portfolio), RS Investment Management (Trades, Portfolio), Lee Ainslie (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Private Capital (Trades, Portfolio), Scott Black (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Bernard Horn (Trades, Portfolio), Diamond Hill Capital (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and Dodge & Cox have shares of Allergan in their portfolios.
Cheniere Energy Inc (LNG), a liquefied natural gas company from Houston, became the 10th-most valuable stake in Robertson's portfolio when he bought 264,000 shares for an average price of $74.62 per share. The transaction had a 3.42% impact on Robertson's portfolio.
Cheniere Energy has a market cap of $16.68 billion and an enterprise value of $29.22 billion. It has a Price/Sales of 59.1. Andreas Halvorsen (Trades, Portfolio), Seth Klarman (Trades, Portfolio), Steve Mandel (Trades, Portfolio), John Griffin (Trades, Portfolio), Richard Perry (Trades, Portfolio), Alan Fournier (Trades, Portfolio), Stanley Druckenmiller (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and John Burbank (Trades, Portfolio) have shares of Cheniere Energy in their portfolios.
Blackstone Group LP (BX), a multinational financial services corporation based in New York, became Robertson's 11th-most valuable stake when he purchased 517,000 shares for an average price of $36.83 per share. The buy had a 3.36% impact on Robertson's portfolio.
Blackstone has a market cap of $49.66 billion and an enterprise value of $38.09 billion. It has a P/E of 13.2, a Price/Book of 4.0 and a Price/Sales of 3.1. John Rogers (Trades, Portfolio), Tom Gayner (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Murray Stahl (Trades, Portfolio), Jim Simons (Trades, Portfolio), Chuck Royce (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) have shares of Blackstone in their portfolios.
Robertson also bought a stake in Alnylam Pharmaceuticals Inc (ALNY), a Massachusetts-based biopharmaceutical company. Robertson bought 161,600 shares for an average price of $101.34 per share. The deal had a 2.83% impact on Robertson's portfolio.
Alnylam has a market cap of $11.59 billion and an enterprise value of $10.52 billion. It has a Price/Book of 7.7 and a Price/Sales of 176. Vanguard Health Care Fund (Trades, Portfolio), John Griffin (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Columbia Wanger (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio) and Bill Frels (Trades, Portfolio) have shares of Alnylam in their portfolios.
Robertson also added a stake in JD.com Inc (JD), a Chinese ecommerce company, to his portfolio. Robertson acquired 427,893 shares for an average price of $26.85 per share. The transaction had a 2.11% impact on his portfolio.
JD.com has a market cap of $47.33 billion and an enterprise value of $43.51 billion. It has a Price/Book of 8.1 and a Price/Sales of 2.0. Steve Mandel (Trades, Portfolio), Chase Coleman (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Chris Davis (Trades, Portfolio), Howard Marks (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), John Burbank (Trades, Portfolio) and David Swenson have shares of JD.com in their portfolios.
Robertson's other new buys in the first quarter were Masco Corp (MAS), Equity Commonwealth (EQC), Xenia Hotels & Resorts Inc (XHR), CDK Global Inc (CDK), AAR Corp (AIR), Fortinet Inc (FTNT), JDS Uniphase Corp (CA) [JDSU], NVIDIA Corp (NVDA), Enova International Inc (ENVA), Marvell Technology Group Ltd (MRVL) and Zayo Group Holdings Inc (ZAYO).
To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.
This article first appeared on
GuruFocus.