Tracking Jeremey Grantham’s GMO Capital Portfolio - Q2 2016 Update

• Jeremey Grantham’s 13F portfolio decreased from $26.78B to $24.37B this quarter.
• GMO Capital dropped iShares iBoxx High Yield ETF and reduced Amazon Inc., Chipotle Mexican Grill, Charles Schwab, and Wabco Holdings during the quarter.   
• The largest three individual stock positions are Johnson & Johnson, Cisco Systems, and Microsoft Corporation and they add up to ~12% of the portfolio.

Jeremey Grantham’s 13F portfolio decreased ~9% from $26.78B to $24.37B this quarter. The portfolio is diversified with recent 13F reports showing well over 500 different positions. The largest five stakes are Johnson & Johnson, Cisco Systems, Microsoft Corporation, United Health, and Alphabet Inc. they add up to ~18% of the portfolio.

Below is a spreadsheet that shows the changes to Jeremey Grantham's GMO Capital US long portfolio holdings as of Q2 2016. For a look at how the portfolio has progressed, see our previous update:

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

Tracking Michael Burry’s Scion Asset Management Portfolio - Q2 2016 Update

• Michael Burry’s 13F decreased from $51M to $46M this quarter.
• Scion Asset Management added Alphabet Inc. and Neophotonics Corp. while dropping Apple, First Solar, and Tailored Brands.  
• The largest three individual stock positions are Nexpoint Residential Trus, Alphabet Inc.,  and HCA Holdings and they add up to ~64% of the portfolio.

Michael Burry’s 13F portfolio decreased ~1% from $51M to $46M this quarter. The portfolio is heavily concentrated with recent 13F reports showing just a handful of individual stock positions. The current stakes are Alphabet Inc. (GOOG), Amgen Inc. (AMGN), HCA Holdings (HCA), Neophotonics Corp. (NPTN), Nexpoint Residential (NXRT), and Theravance Biohpharma (TBPH).

Below is a look at the significant moves this quarter:

Alphabet Inc. (GOOG): GOOG is currently the second-largest position at 22.82% of the portfolio. It was established this quarter at prices between $668 and $767 and the stock is now at $777. The huge stake establishment indicates a clear bullish bias.

Neophotonics Corp. (NPTN): NPTN is a 6.28% portfolio stake purchased this quarter at prices between $8.53 and $14.49 and the stock currently trades at $17.05.

Apple Inc. (AAPL), First Solar Inc. (FSLR), and Tailored Brands (TLRD): These fairly large stakes were sold out this quarter. All three stocks were present in Scion’s first 13F filing in Q4 2015.

Gentherm Inc. (THRM), a very small position established last quarter was disposed of this quarter. The only other activity during the quarter was a ~20% increase in the large ~16% portfolio stake in Theravance Biopharma (TBPH). To know more about Dr. Michael Burry, check out the book The Big Short: Inside the Doomsday Machine by Michael Lewis.

Below is a spreadsheet that shows the changes to Michael Burry's Scion Asset Management US long portfolio holdings as of Q2 2016. For a look at how the portfolio has progressed, see our previous update:

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

Tracking Mick McGuire’s Marcato Capital Management Portfolio - Q2 2016 Update

• Mick McGuire’s 13F portfolio decreased from $1.46B to $1.23B this quarter.
• Marcato Capital Management added Signet Jewelers and Computer Sciences Corp. while reducing Bank of New York Mellon and dropping Realogy Holdings.
• The largest three individual stock positions are Bank of New York Mellon, Sotheby’s, and Goodyear Tire & Rubber and they add up to ~55% of the portfolio.

Mick McGuire’s 13F portfolio decreased ~15% from $1.46B to $1.23B this quarter. Recent 13F reports show ~20 individual stock positions. The top five stakes are Bank of New York Mellon (BK), Sotheby’s (BID), Goodyear Tire & Rubber (GT), Signet Jewelers (SIG), and United Rentals (URI) and they add up to ~73% of the 13F portfolio.

Below is a look at the significant moves this quarter:

Bank of New York Mellon (BK): BK is by far the largest position at almost one-third the entire portfolio. It was established in Q3 2014 at prices between $38 and $40. This quarter saw a ~43% reduction at prices between $35.49 and $42.39. The stock is now at $40.18.

Signet Jewelers (SIG) and Computer Sciences Corp. (CSC): These are fairly large new stakes established this quarter. The 9.10% of the portfolio SIG position was purchased at prices between $79 and $124 and the stock currently trades at $75.52. For investors attempting to follow Marcato Capital, SIG is a good option to consider for further research. CSC is a 5.42% portfolio stake established at prices between $32.70 and $52.50 and it currently trades at $49.31. The stock spiked in May following the announcement of the merger with Enterprise Service Segment of Hewlett Packard Enterprise (HPE).

Realogy Holdings (RLGY): RLGY was a medium-sized ~4% position established last quarter at prices between $28 and $37 and disposed of this quarter at around the same price-range. The stock is now at $25.73.

Other activities in the quarter include significant reductions in the large stakes in Sotheby’s (BID), United Rentals (URI), and Macys (M). Below is a spreadsheet that shows the changes to Mick McGuire's Marcato Capital US long portfolio holdings as of Q2 2016. For a look at how the portfolio has progressed, see our previous update:

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .