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John Hussman's Strategic Moves and Stock Portfolio

 strategicheskie shagi i portfel aktsij dzhona khassmana

Results for the first quarter of 2024. Filing a 13F return.

Dr. John Hussman is a seasoned economist and fund manager who recently disclosed his portfolio adjustments for the first quarter of 2024 in his latest Form 13F. As president of Hussman Strategic Advisors and Hussman Investment Trust, he manages funds focused on U.S. equities and government securities. His investment decisions are deeply rooted in economic theory, which emphasizes valuation and market behavior to navigate varying market climates. With a wealth of academic experience and a strategic approach to risk, Dr. Hussman's latest moves provide valuable insight into his current view of the market.

New stock purchases

In the first quarter of 2024, 57 new stocks were added to Jon Hussman's portfolio. Notable new items include:

  • NEXTracker Inc (NASDAQ:NXT) with 73,500 shares, representing 0.96% of the portfolio and valued at approximately $4.14 million.
  • Novo Nordisk A/S (NYSE:NVO), holding 31,500 shares or about 0.94% of the portfolio, with a total value of about $4.04 million.
  • F5 Inc (NASDAQ:FFIV ) holds 21,000 shares, representing 0.93% of the portfolio and valued at nearly $3.98 million.

Increase in key positions

Jon Hussman (Trades, Portfolio) also significantly increased his stakes in several companies during this period:

  • Akamai Technologies Inc (NASDAQ:AKAM) increased the number of shares by 37,800, bringing the total number of shares to 42,000. This adjustment represents a 900% increase in the number of shares, which will affect the portfolio by 0.95% and is valued at approximately 4. 57 million dollars.
  • Photronics Inc (NASDAQ:PLAB) with an additional 105,000 shares, bringing the total number of shares to 126,000. This represents a 500% increase in the number of shares, totaling approximately $3.57 million.

Summary of sold out items

During the first quarter of 2024, Jon Hussman completely exited 63 positions, including:

  • Carter's Inc (NYSE:CRI) sold all 63,000 shares, impacting the portfolio by -1.07%.
  • Align Technology Inc (NASDAQ:ALGN) : All 14,700 shares were liquidated, resulting in a portfolio decline of -0.92%.

Reduction of key positions

Significant reductions were made in several holdings, in particular:

  • Super Micro Computer Inc (NASDAQ:SMCI) saw 21,000 shares traded, resulting in a stock decline of -83.33% and a portfolio impact of -1.36%. The stock traded at an average price of $732.72 during the quarter and has returned 28.12% over the past three months and 162.99% year-to-date.
  • Alphabet Inc (NASDAQ:GOOG) shares fell by 35,700 shares, resulting in a decline of -45.95% and a portfolio impact of -1.14%. The stock's average trading price this quarter was $144.34, with a return of 16.92% over the last three months and 18.39% year-to-date.

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