Overview of Blue Ridge Capital
Founded by John Griffin in 1996, Blue Ridge Capital is a hedge fund based in New York that focuses on investing in an individual company rather than an entire sector.
In this series, we’ll go through some of the top positions traded by the fund in the fourth quarter that ended in December 2014. The US long portfolio size of Blue Ridge Capital fell from $8.45 billion in the third quarter to $8.23 billion in the fourth quarter. The number of stocks held by this hedge fund currently stands at 48.
Blue Ridge Capital’s notable positions in 4Q14
Blue Ridge Capital started new positions in Walgreens Boots Alliance (WBA), Facebook (FB), Tribune Media Company (TRBAA), Air Products & Chemicals (APD), and Lending Club Corporation (LC). The hedge fund increased its position in Cheniere Energy (LNG) and Alibaba Group Holding (BABA).
Blue Ridge Capital also exited positions in Monsanto Company (MON), Walgreens (WAG), The Gap (GPS), Amazon (AMZN), and Avis Budget Group (CAR), whereas it decreased its position in American International Group (AIG).
We won’t cover Walgreens (WAG) in this series, as it has been delisted since its merger with WBA.
Top holdings of Blue Ridge Capital
The top holdings of the hedge fund include Charter Communications (5.52%), Actavis (5.07%), Walgreens Boots Alliance (4.23%), Sensata Technologies (4.19%), and Priceline Group (4.03%). Actavis, Walgreens Boots Alliance, and Priceline Group comprise 0.64%, 0.42%, and 0.34% of the SPY ETF, respectively. ACT has a 0.64% exposure to the iShares Core S&P 500 ETF (IVV).
The next article will discuss Blue Ridge Capital’s position in Walgreens Boots Alliance.