Tiger Cub John Griffin’s New Stock Picks Include Citigroup Inc. (C)

Page 1 of 2

John Griffin, who manages Blue Ridge Capital, was formerly legendary investor Julian Robertson’s second-in-command at Tiger Management. We track Blue Ridge’s quarterly 13F filings alongside those of hundreds of other hedge funds in our research on investment strategies (we have found, for example, that the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year). Because our database tracks filings over time, it’s also possible to see which stocks a fund added to its portfolio last quarter; these free investment ideas can then be reviewed in search of any names which might be good prospects for further research. Read on for our quick take on Blue Ridge’s five largest new holdings from the first quarter of this year or see the full list of Griffin’s stock picks.

The fund initiated a position of 4.7 million shares in Citigroup Inc. (NYSE:C) between January and March. With other hedge funds buying the bank as well, Citigroup Inc. (NYSE:C) was the fourth most popular stock among hedge funds in the first quarter of 2013 according to our database (find more of hedge funds’ favorite stocks). Even after a nearly 80% rise in price over the last year, Citigroup Inc. (NYSE:C) still has some value appeal as it trades at a discount to the book value of its equity (the P/B ratio is 0.8). Revenue and earnings have been up, and analyst expectations imply a forward P/E of 9.

BLUE RIDGE CAPITALComcast Corporation (NASDAQ:CMCSA) was another of Griffin’s new picks with the filing disclosing ownership of 4.6 million shares. Comcast’s net income rose by 17% last quarter compared to the first quarter of 2012, though the company’s revenue grew at a much slower rate of only 3%. The trailing P/E of 17 places the stock at about even pricing with other media and entertainment companies such as Disney. Considering that Comcast joins its media assets under the NBC Universal name with an attractive cable and Internet business, it might be worth investigating.

Blue Ridge bought 1 million shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter of 2013. The incredibly volatile stock’s huge upswing in price over the last year has brought it to a valuation of 69 times consensus earnings for 2014, and that’s with analysts forecasting more than a doubling in EPS next year after an increase to $1.41 per share for the current year. The spread in analyst projections on a forward basis is very wide, with a low estimate of 90 cents per share and a high estimate of $4.70. The most recent data shows that 20% of the float is held short.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!