Blue Ridge Capital’s Favorite Stock Picks

John Griffin’s Blue Ridge Capital only lost around 8% during the tough financial period in 2008,  His three-year average return was 17.83% at the end of 2009. We believe that by focusing on the investments of John Griffin, investors are more likely to beat the market in the long term. Let’s take a look at the new moves of his Blue Ridge Capital over the third quarter.

Griffin disclosed a brand new $54.2 million position in American Capital Agency Corp (AGNC) at the end of September. American Capital Agency Corp is a real estate investment trust that invests in residential mortgage pass-through securities and collateralized mortgage obligations on a leveraged basis. The company reported third-quarter total revenue of $326.75 million, up from $62.60 million for the same quarter last year. Net income also increased 317% to $250.4 million. AGNC returned 3.28% since the end of September. It has a market cap of $5.12B and a P/E ratio of 4.14. John Burbank’s Passport Capital also invested $200+ million in AGNC. (Read the rest of the article here)