Tiger Management recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Julian Robertson is considered the father of hedge fund. He launched his firm Tiger Management (Trades, Portfolio) in 1980 with $8 million, and turned it into over $22 billion in the late 1990s. Robertson had the best hedge fund record throughout the 1980s and 1990s. It is reported that the compound rate of return to his investors was 32%. During his active years, he was considered to be the "Wizard of Wall Street." His hedge fund, Tiger Management (Trades, Portfolio), became the world's largest fund, which peaked at over $23 billion invested. He lost 4% in 1998 and 19% in 1999 as rival investors were riding the dot-com bubble to spectacular returns. He shut down his fund. Today Tiger Management (Trades, Portfolio) only manages fund from internal investment, mainly Mr. Robertson's own money. Besides his investment record, Mr. Robertson also mentored a group of young hedge fund managers, known as the "Tiger Cubs." A number of them became extremely successful hedge fund managers in their own right, including John Griffin (Trades, Portfolio) of Blue Ridge Capital, Lee Ainslie (Trades, Portfolio) of Maverick Capital, Andreas Halvorsen (Trades, Portfolio) of Viking Global, and Steve Mandel (Trades, Portfolio) of Lone Pine Capital. They are also included in our List of Gurus.
As of the latest 13F report, the guru’s equity portfolio contained 33 stocks valued at a total of $264.00Mil. The top holdings were MSFT(6.66%), AZO(5.98%), and WDAY(5.88%).
According to GuruFocus data, these were Tiger Management (Trades, Portfolio)’s top five trades of the quarter.
Alphabet Inc
The guru sold out of their 314,200-share investment in NAS:GOOG. Previously, the stock had a 13.18% weight in the equity portfolio. Shares traded for an average price of $95.44 during the quarter.
On 02/14/2023, Alphabet Inc traded for a price of $94.36499999999999 per share and a market cap of $1,205.88Bil. The stock has returned -30.28% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Alphabet Inc has a price-earnings ratio of 20.74, a price-book ratio of 4.75, a price-earnings-to-growth (PEG) ratio of 0.82, a EV-to-Ebitda ratio of 12.89 and a price-sales ratio of 4.36.
The price-to-GF Value ratio is 0.65, earning the stock a GF Value rank of 8.
Blackstone Inc
The guru sold out of their 286,500-share investment in NYSE:BX. Previously, the stock had a 10.46% weight in the equity portfolio. Shares traded for an average price of $86.36 during the quarter.
On 02/14/2023, Blackstone Inc traded for a price of $97.575 per share and a market cap of $72.46Bil. The stock has returned -17.13% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Blackstone Inc has a price-earnings ratio of 41.12, a price-book ratio of 9.46, a price-earnings-to-growth (PEG) ratio of 12.46 and a price-sales ratio of 10.05.
The price-to-GF Value ratio is 0.99, earning the stock a GF Value rank of 6.
Qualcomm Inc
The guru sold out of their 92,500-share investment in NAS:QCOM. Previously, the stock had a 4.56% weight in the equity portfolio. Shares traded for an average price of $117 during the quarter.
On 02/14/2023, Qualcomm Inc traded for a price of $132.35 per share and a market cap of $147.57Bil. The stock has returned -18.88% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Qualcomm Inc has a price-earnings ratio of 12.76, a price-book ratio of 7.86, a price-earnings-to-growth (PEG) ratio of 0.29, a EV-to-Ebitda ratio of 9.80 and a price-sales ratio of 3.48.
The price-to-GF Value ratio is 0.73, earning the stock a GF Value rank of 10.
Madison Square Garden Sports Corp
The guru established a new position worth 62,000 shares in NYSE:MSGS, giving the stock a 4.3% weight in the equity portfolio. Shares traded for an average price of $156.87 during the quarter.
On 02/14/2023, Madison Square Garden Sports Corp traded for a price of $187.675 per share and a market cap of $4.48Bil. The stock has returned 7.46% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Madison Square Garden Sports Corp has a price-earnings ratio of 84.54, a EV-to-Ebitda ratio of 53.15 and a price-sales ratio of 5.12.
The price-to-GF Value ratio is 0.77, earning the stock a GF Value rank of 8.
UnitedHealth Group Inc
The guru established a new position worth 18,800 shares in NYSE:UNH, giving the stock a 3.77% weight in the equity portfolio. Shares traded for an average price of $529.71 during the quarter.
On 02/14/2023, UnitedHealth Group Inc traded for a price of $497.21 per share and a market cap of $464.57Bil. The stock has returned 6.01% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, UnitedHealth Group Inc has a price-earnings ratio of 23.46, a price-book ratio of 5.70, a price-earnings-to-growth (PEG) ratio of 1.78, a EV-to-Ebitda ratio of 15.46 and a price-sales ratio of 1.47.
The price-to-GF Value ratio is 0.96, earning the stock a GF Value rank of 6.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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