Billionaire Julian Robertson’s Top Bullish Picks This Quarter

On the third spot is Delta Air Lines, Inc. (NYSE:DAL), in which Tiger Management inched down its position by 16,400 shares to 1.0 million shares valued at $44.88 million. With lower jet fuel costs driven by lower crude oil prices and a strict cost control policy, Delta Air Lines, Inc. (NYSE:DAL)’s stock is one of the best airline operators to invest in (the company has ranked as the most popular airline among the funds we track for the past several quarters). The stock is trading at around 8.8-times forward earnings and has a dividend yield of 1.15%. Paul Reeder and Edward Shapiro’s PAR Capital Management is also bullish on Delta Air Lines, Inc. (NYSE:DAL), holding 14.97 million shares.

In Netflix, Inc. (NASDAQ:NFLX), Robertson increased his stake by 15% to 514,600 shares valued at $53.14 million. As an industry disruptor, Netflix, Inc. (NASDAQ:NFLX) focused on long-term growth and the work has paid off well, as the stock is up by nearly 400% in the last five years and has gained more than 140% this year, even though the company missed estimates in two of the last four quarters. Chase Coleman, another former employee of Julian Robertson, owns almost 18 million shares of Netflix, Inc. (NASDAQ:NFLX) through his fund Tiger Global Management, the holding being its largest in terms of value.

Finally, JD.Com Inc (ADR) (NASDAQ:JD) represents Robertson’s top position and contains 2.55 million shares worth $66.43 million. During the third quarter, the investor unloaded 587,000 shares amid a 23% drop of the stock owing to concerns regarding the economic growth in China. Despite this decline, JD.Com Inc (ADR) (NASDAQ:JD)’s shares have gained more than 21% since the beginning of the year and analysts see more potential ahead as they have a consensus price target of $37.30  on them, which implies an upside potential of 29%. Both Chase Coleman and Stephen Mandel are among the top shareholders of JD.Com Inc (ADR) (NASDAQ:JD), owning 57.53 million shares and 43.50 million shares respectively as of the end of September.

Disclosure: None