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Julian Robertson: The Market 'Is Quite High on a Historical Basis’

PART:
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Part 5
Julian Robertson: The Market 'Is Quite High on a Historical Basis’ PART 5 OF 5

What Were Tiger Management’s Largest Sector Holdings in 2Q17?

Tiger Management’s largest sector holdings

Julian Robertson’s Tiger Management invested heavily in the information technology sector (XLK) in 2Q17. The sector accounted for nearly 31.3% of the firm’s portfolio in 2Q17.

What Were Tiger Management’s Largest Sector Holdings in 2Q17?

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The strong position in the information technology sector suggests the firm has an optimistic view on this sector. In a previous part of this series, we discussed why Julian Robertson is optimistic about major large-cap technology stocks such as  Facebook (FB), Alphabet (GOOGL), and Apple (AAPL).

The demand for technology has risen rapidly in the economy (SPY) (QQQ) in the past decade. Major technology stocks have shown strong performances in the past ten years. The stronger business fundamentals of major technology stocks, rapid innovation, and higher demand for technology boosted their performances.

Other sectors

Tiger Management’s second-largest position is in the healthcare sector (XLV) and third-largest position is in the financial sector (XLF). These sectors represent nearly 26.2% and 17.9%, respectively, of the firm’s position in 2Q17.

Both the healthcare sector and the financial sector are eagerly waiting for specific reforms in these sectors. If the healthcare restructuring bill passes in Congress, then we could see huge upside in the sector. Similarly, the Fed’s gradual rate hike process is strengthening the movement of the financial sector. The gradual hike in the interest rate could expand the profit margin of various financial stocks.

You may be interested to read, Delivering Alpha: Where Fund Managers Are Placing Their Bets.

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