Lets take a look at what tiger cubs John Griffin, Philipe Laffont and Patrick McCormack bought and sold in the last quarter. Some converging moves in their portfolios are discussed below.
John Griffin’s Blue Ridge Capital exited position in Tesla Motors Inc (NASDAQ:TSLA), which was a tiny one to start with. At the same time Phillip Laffont’s Coatue Management bought 709,791 shares of Elon Musk’s electric car company.
Both Blue Ridge and Coatue sold out their entire stakes in Virgin Media Inc. (NASDAQ:VMED) and slashed their positions in Netflix, Inc. (NASDAQ:NFLX). Patrick McCormack’s Tiger Consumer and Coatue closed their positions in Visa Inc (NYSE:V), Coatue intiated new position in Whole Foods Market, Inc. (NASDAQ:WFM) whereas Tiger Consumer sold out of it.
Blue Ridge Capital buys more Citigroup, cuts Gilead
Blue Ridge bought new positions in Endo Health Solutions Inc (NASDAQ:ENDP), Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA), Charter Communications, Inc. (NASDAQ:CHTR), Hertz Global Holdings, Inc. (NYSE:HTZ). Notably Griffin boosted his position in Citigroup Inc (NYSE:C) by 47%, Blue Ridge now holds 6.89 million shares of the bank.
Patrick McCormack adds to Facebook, JCP, cuts Herbalife
Patrick McCormack’s Tiger Consumer bought DIRECTV (NASDAQ:DTV), Foot Locker, Inc. (NYSE:FL), Expedia Inc (NASDAQ:EXPE), Express Scripts Holding Company (NASDAQ:ESRX) and Fossil Group Inc (NASDAQ:FOSL).
Tiger Consumer has held a long position in Herbalife Ltd. (NYSE:HLF), a part of which was sold by the fund to cash in for some profits in the last quarter. Other notable holdings that were slashed by McCormack were Priceline.com Inc (NASDAQ:PCLN), Yahoo! Inc. (NASDAQ:YHOO) and Google Inc (NASDAQ:GOOG). It seems McCormack is betting against and in favor of Bill Ackman at the same time, Tiger Consumer increased its position in JCP by 60%, the fund now holds 5.42 million shares of the company. It goes without saying that he is bleeding on this investment.
Philippe Laffont buys ISRG, Nuance, cuts GMCR
Coatue Management initiated new positions in Intuitive Surgical, Inc. (NASDAQ:ISRG), a tiger cub favorite which was also owned by Viking Global and Lone Pine as of Q1. Viking increased the stake in ISRG to above 5% of company in Q2. Coatue bought 309,964 shares of the medical technology company. Other new positions from Coatue include, Baidu.com, Inc. (ADR) (NASDAQ:BIDU) SUPERVALU INC. (NYSE:SVU), Realogy Holdings Corp (NYSE:RLGY) and Nuance Communications Inc. (NASDAQ:NUAN).
Coatue is also so far the only cub which feverishly increased a position in Apple Inc. (NASDAQ:AAPL)—the fund now owns 1.59 million shares of the tech giant. Coatue also bought other tech stocks, including Amazon.com, Inc. (NASDAQ:AMZN), Priceline.com Inc (NASDAQ:PCLN) and LinkedIn Corp (NYSE:LNKD). Coatue exited position in eBay Inc (NASDAQ:EBAY) and Morgan Stanley (NYSE:MS) while reducing stake in Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) and Time Warner Cable Inc (NYSE:TWC).