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Blue Ridge Capital 13F: Buys BlackBerry Ltd, Tesla Motors, Cliffs


Blue Ridge Capital recently submitted its 13F filing with the Securities and Exchange Commission SEC showing the its equity investments were worth $8,369,173,000 for the third quarter that ended September 30, 2013.

John Griffin is the founder and manager of Blue Ridge Capital. Griffin is a "Tiger Cub" or one of the protges of legendary hedge fund manager Julian Robertson of Tiger Management.

Blue Ridge Capital largest positions

During the third quarter, the largest stockholdings of Blue Ridge Capital included (PCLN), which accounts 4.88% of its portfolio followed by American International Group Inc (AIG) 4.26%, Thermo Fisher Scientific Inc. (TMO) 4.07%, Liberty Global PLC (LBTYA) 3.94%, and Monsanto Company (MON).

Blue Ridge Capital owns 404,000 shares of Inc (PCLN) worth $408,424,000. The shares of the online travel company are currently trading around $1,137.35 per share, up by 1.17% as of this writing. The stock price of the company climbed from $597.15 to its highest level at $1,143.26 over the past 52 weeks.

Blue Ridge Capital new acquisitions

Blue Ridge Capital purchased 8,700,000 shares of American Homes 4 Rent (AMH) worth $140,505,000 during the quarter. The company recently declared a special dividend of $0.05 per share. Its third quarter earnings of $0.09 per share and $49.46 million revenue missed the $0.11 earnings per share and $50.19 million revenue consensus estimates of Wall Street analysts.

The hedge fund acquired 3,960,000 shares of Twenty-First Century Fox Inc (FOX) (FOXA) class A common stock worth $132,700,000. TheStreet recommended a Buy rating for the stock emphasizing that the company has "solid stock price performance, notable return on equity, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures.”

Blue Ridge Capital bought 500,000 shares of Tesla Motors Inc (TSLA) worth $96,685,000, which accounts 1.16% of its portfolio. Over the past 52-week range, investors were bullish on the shares of the electric car manufacturer, its stock price climbed from $30.50 to its highest level of $194.50 per share. However, the stock started to decline significantly after a third Model S vehicle caught fire. The shares of Tesla are trading around $137.40 per share as of this writing.

The hedge fund also acquired 1,440,000 shares of Cliffs Natural Resources Inc (CLF) worth $29,520,000 and 2,345,000 shares of BlackBerry Ltd (BBRY) (BB) worth $18,631,000.

Cliffs Natural Resources recently declared a quarterly cash dividend of $0.15 per share for its common stock and $17.50 per share for its series A preferred stock.

On the other hand, BlackBerry hired John Chen to serve as executive chairman and CEO. The company also received a $1 billion investment from shareholders to continue its business as a public company.

-By Marie Cabural


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