John Hussman Continues to Buy Gold Mining Companies
- By Tiziano Frateschi
The American investor John Hussman (Trades, Portfolio) bought shares in the following stocks in both third and second quarter of 2018.
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Hollysys Automation Technologies Ltd. (HOLI)
In the second quarter, the guru increased his position by 30.80% and added 92.59% in the third quarter.
With a market cap of $1.13 billion, the company provides automation technologies in China. Its revenue of $18.68 billion has grown 3.20% over the last five years.
Chris Davis (Trades, Portfolio) is the largest shareholder of the company among the gurus with 10.16% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.25% and Chuck Royce (Trades, Portfolio) with 0.21%
Agnico Eagle Mines Ltd. (AEM)
The investor added 16.67% to his holding in the second quarter and 28.57% in the third quarter.
The Canadian gold mining company has a market cap of $8.49 billion. Its revenue of $2.21 billion has raised 3.90% over the last five years.
The company's largest guru shareholder is First Eagle Investment (Trades, Portfolio) with 5.32% of outstanding shares, followed by Simons' firm with 0.75%, Pioneer Investments (Trades, Portfolio) with 0.48% and John Paulson (Trades, Portfolio) with 0.26%.
Anglogold Ashanti Ltd. (AU)
Hussman increased his position 42.86% in the second quarter and 30.20% in the third quarter.
The gold miner which operates in eight countries and three continents, has a market cap of $4.29 billion. Its revenue of $4.39 billion has grown 1.70% over the last five years.
Paulson is the largest guru shareholder of the company with 3.58% of outstanding shares, followed by Howard Marks (Trades, Portfolio) with 1.03%, First Eagle Investment (Trades, Portfolio) with 0.52% and Simons with 0.45%.
Barrick Gold Corp. (ABX)
In the second quarter, the guru raised the holding by 23.08% and added 37.5% in the third quarter.
The company which produces and sells gold and copper, has a market cap of $15.37 billion. Its revenue of $7.56 billion fell 8.20% over the last five years.
The company's largest guru shareholder is First Eagle Investment (Trades, Portfolio) with 3.14% of outstanding shares, followed by Simons with 0.24%, Pioneer Investments (Trades, Portfolio) with 0.18% and Bestinfond (Trades, Portfolio) with 0.14%.
Goldcorp Inc. (GG)
The guru boosted his holding 128.57% in the second quarter and by 50% in the third quarter.
With a market cap of $8.27 billion, the company explores, develops and acquires precious metal properties. Its revenue of $3.11 billion has increased 1.20% over the last five years.
With 4.29% of outstanding shares, First Eagle Investment (Trades, Portfolio) is the company's largest guru shareholder, followed by Pioneer Investments (Trades, Portfolio) with 0.38%, Paulson with 0.09% and Simons with 0.07%.
Lear Corp. (LEA)
Hussman boosted his stake by 1,666.67% in the second quarter and 94.34% in the third quarter.
With a market cap of $8.97 billion, the company operates in the auto parts industry. Its revenue of $21.56 billion has raised 13.70% over the last five years.
The largest shareholder among the gurus is Simons with 0.28% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.22% and Lee Ainslie (Trades, Portfolio) with 0.08%.
Newmont Mining Corp. (NEM)
In the second quarter, the investor increased the holding 22.22% and then boosted it 27.27% in the third quarter.
The company which produces gold in the U.S., Australia, Peru and Ghana, has a market cap of $17.27 billion. It has a revenue of $7.10 billion that has fallen 7.90% over the last five years.
First Eagle Investment (Trades, Portfolio) is the company's largest guru shareholder with 1.79% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.3%, Mario Gabelli (Trades, Portfolio) with 0.17% and John Buckingham (Trades, Portfolio) with 0.01%.
Randgold Resources Ltd. (GOLD)
The guru increased his stake 12.5% in the second quarter and 33.33% in the third quarter.
With a market cap of $7.8 billion, the company operates five gold mines in Africa. Its revenue of $1.18 billion has climbed 6.30% over the last five years
The largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 1.31% of outstanding shares, followed by Simons' firm with 1.27%.
Disclosure: I do not own any stocks mentioned in this article.
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This article first appeared on GuruFocus.
Warning! GuruFocus has detected 1 Warning Sign with HOLI. Click here to check it out.
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