Tracking John Griffin’s Blue Ridge Capital Portfolio - Q4 2016 Update

• John Griffin’s 13F portfolio value decreased from $8.43B to $7.93B this quarter.
• Blue Ridge Capital added Bank of America and Wells Fargo while reducing Ulta Beauty.
• The largest three positions are Autodesk Inc. (ADSK), Charter Communications (CHTR), and Facebook Inc. (FB) and they add up to ~17% of the portfolio.

John Griffin’s 13F portfolio value decreased 5.93% from $8.43B to $7.93B this quarter. Recent 13F reports have shown a total of around 55 positions. The largest five stakes are Autodesk Inc. (ADSK), Charter Communications (CHTR), Facebook Inc. (FB), CDK Global Inc. (CDK), and Citigroup (C) and they add up to a quarter of the entire 13F portfolio.

John Griffin is a "tiger cub" who posted an outstanding 65% return in 2007 and followed it up with just an 8% loss during the financial crisis. To know more about Julian Robertson and his legendary Tiger Management, check out Julian Robertson: A Tiger in the Land of Bulls and Bears. 

Below is a summary:

Bank of America (BAC), Citigroup Inc. (C), and Wells Fargo (WFC): The three banking stocks were established over the last two quarters and they together account for ~12% of the portfolio. C is a large (top five) 4.17% portfolio stake established last quarter at prices between $43 and $48 and increased by ~7% this quarter. The stock is now at $61.50. The ~4% BAC stake was established this quarter at prices between $15.50 and $23 and it currently trades at $25.31. The ~4% WFC position was purchased this quarter at prices between $43.50 and $57.50 and it is now at $58.85.  

Amazon.com Inc. (AMZN): AMZN is a 3.42% of the portfolio position established in Q1 2016 at prices between $482 and $676. Q2 2016 saw a ~50% increase at prices between $586 and $728 and that was followed with another ~20% increase last quarter at prices between $716 and $837. There was a ~11% trimming this quarter. The stock currently trades at $853. Griffin is starting to realize gains.

Ulta Beauty (ULTA): ULTA is a very long-term stake established at much lower prices compared to the current price of ~$286. This quarter saw a ~50% selling at prices between $228 and $266. Blue Ridge Capital is harvesting huge long-term gains.

Note: Blue Ridge Capital has a ~.46% ownership stake in Platform Specialty Products (PAH).   

Below is a spreadsheet that shows the changes to John Griffin's Blue Ridge Capital Holdings US long portfolio holdings as of Q4 2016. For a look at how the portfolio has progressed, see our previous update:

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