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Julian Robertson’s Long-Term Stock Picks

Julian Robertson is a hedge fund legend. He stopped managing money for his clients more than 10 years ago, but he is still widely followed in the media and his comments attract a lot of attention. His stellar track record is to credit. Julian Robertson returned 31.7% per year after fees between 1980 and 1998, beating S&P 500’s 12.7% annual return by a huge margin. He performed terribly in 1999 and 2000 and his overall return went down to 26%.

TIGER MANAGEMENT

Below we compiled a list of stocks that Julian Robertson has been holding since the beginning of this year.

Apple Inc. is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers. It returned 22.03% since the beginning of this year. It has a market cap of $372.87 billion and a P/E ratio of 15.91. Robertson had $36 million invested in AAPL shares. Jim Simons held a $445 million position in AAPL at the end of June (see Jim Simons’ top picks).

Valeant Pharmaceuticals International, Inc. is a pharmaceutical company with activities spanning the drug discovery pipeline from target identification through clinical trials and commercialization. It returned 23.92% since the beginning of this year. It has a market cap of $10.73 billion. Robertson had $25 million invested in VRX shares. Jim Simons initiated a brand new $35 million position in VRX during the second quarter.

MasterCard Worldwide is an American multinational corporation with its headquarters in the MasterCard International Global Headquarters in Purchase, New York. It returned 49.53% since the beginning of this year. It has a market cap of $41.67 billion and a P/E ratio of 20.33. Robertson had $25 million invested in MA shares. Warren Buffett held a $122 million position at the end of June (Warren Buffett).

The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients. It lost 42.28% since the beginning of this year. It has a market cap of $50.13 billion and a P/E ratio of 9.72. Robertson had $22 million invested in GS shares. Bruce Berkowitz held nearly $800 million in GS shares at the end of June.

Visa Inc. is a global payments technology company. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit card and debit cards. It returned 29.08% since the beginning of this year. It has a market cap of $63.10 billion and a P/E ratio of 17.77. Robertson had $22 million invested in V shares. D.E. Shaw increased his position in V by 3-fold and held $187 million in V shares.

Cablevision Systems Corporation is an American cable television company with systems serving areas surrounding New York City. It lost 27.02% since the beginning of this year. It has a market cap of $4.85 billion and a P/E ratio of 11.96. Robertson had $19 million invested in CVC shares. Leon Cooperman held a $79 million position in V at the end of June.

WuXi PharmaTech is a pharmaceutical, biotechnology, and medical device research and development (R&D) outsourcing company, with operations in China and the United States. It lost 29.98% since the beginning of this year. It has a market cap of $870.47 million and a P/E ratio of 9.59. Robertson had $18 million invested in WX shares.

Time Warner Cable is an American cable television company that operates in 28 states and has 31 operating divisions. It returned 3.91% since the beginning of this year. It has a market cap of $22.41 billion and a P/E ratio of 16.23. Robertson had $17 million invested in TWC shares. George Soros increased his position in TWC by 10-fold during the second quarter and had $58 million invested at the end of June.

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