Billionaire Julian Robertson’s High Upside Potential Picks Include Apple Inc. (AAPL)

SouFun Holdings Limited (NYSE:SFUN), a $2.1 billion market cap Chinese Internet portal, was another of Robertson’s picks with the 13F disclosing ownership of over 600,000 shares. Business has been booming per SouFun’s quarterly reports, yet the stock has fairly modest earnings multiples (the forward P/E is only 9). We think that this is because of a variety of factors, including uncertain macro conditions in China and a rash of accounting fraud allegations which have driven investors away from a number of Chinese stocks.

The filing reported a new position of over 300,000 shares in Chicago Bridge & Iron Company N.V. (NYSE:CBI). The engineering and construction contractor is another growth stock, as in its most recent quarter sales were up 23% compared to the same period in the previous year, fueling a slightly larger increase in earnings. Chicago Bridge & Iron carries trailing and forward P/Es of 19 and 12, respectively, as Wall Street analysts are bullish on the company. We’d be interested in learning more to see if recent growth rates could continue.

Robertson’s high upside potential picks include a number of names that seem to have good value prospects. In many cases, there is a major caveat which will turn off a number of investors- falling margins for Apple, China for SouFun, mortgages for Ocwen- but if a value investor is prepared to look into the company and see if the opportunity is large enough to offset these issues we could see them adding any of these stocks to a value portfolio.

Disclosure: I own no shares of any stocks mentioned in this article.