Julian Robertson Reveals Some Buys ~ market folly

Monday, October 13, 2008

Julian Robertson Reveals Some Buys

Monday (10/13) on CNBC, Julian Robertson, legendary investor and founder of notable hedge fund Tiger Management revealed some purchases he made in the market carnage last week. His buys included:

  • Apple (AAPL)
  • Microsoft (MSFT)
  • Baidu (BIDU)
  • Mastercard (MA)
  • Visa (V)
  • Ryan Air Holdings (RYAAY)

His argument, being a notable value player, was that these equities were trading at very favorable prices. Yet, at the same time, he curiously noted that he thought the US was just now entering into a period of prolonged recession (possibly 10-15 years). He thinks that this time around, consumers are broke and will be forced to cut their spending. Interesting thoughts when you compare them to the purchases he just made.

And, it seems that Robertson is fond of some of his progeny's favorite stocks as well. Robertson is well known for the 'descendants' that left Tiger Management to start their own firms. Many of Julian's "offspring" (referred to as Tiger Cubs) whom we track here at Market Folly, have had large positions in AAPL, BIDU, MA, and V as disclosed in various 13F quarterly filings. Notable Tiger Cubs include Lee Ainslie at Maverick Capital, Stephen Mandel at Lone Pine Capital, and John Griffin at Blue Ridge Capital. As of the last disclosures, AAPL was Maverick's top portfolio holding. Blue Ridge also held AAPL as their 4th largest portfolio holding. We track all these funds (and more) through the most recent 13F filings with the SEC and you can view Maverick's portfolio here, Lone Pine's portfolio here, and Blue Ridge's portfolio here.

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