Insight into the Third Quarter 13F Filing of 2024

Dr. John Hussman (Trades, Portfolio), the seasoned economist and fund manager at Hussman Strategic Advisors, has made significant adjustments to his investment portfolio in the third quarter of 2024. Known for his dual focus on valuation and market action, Dr. Hussman's latest 13F filing reveals strategic buys, notable increases, complete sell-offs, and reductions across various sectors. His investment decisions are deeply rooted in his extensive background in economics and finance, combined with a strategic approach to market climates.

• Warning! GuruFocus has detected 6 Warning Sign with GOLD.

Summary of New Buys

John Hussman (Trades, Portfolio)'s portfolio welcomed a total of 69 new stocks this quarter. Highlights include:

• GigaCloud Technology Inc (NASDAQ:GCT) with 168,000 shares, making up 0.95% of the portfolio at a value of $3.86 million.
• Vital Farms Inc (NASDAQ:VITL), comprising 105,000 shares or approximately 0.9% of the portfolio, valued at $3.68 million.
• Spotify Technology SA (NYSE:SPOT) with 8,400 shares, accounting for 0.76% of the portfolio at a value of $3.09 million.

Key Position Increases

Significant enhancements were made to existing holdings, including:

• Barrick Gold Corp (NYSE:GOLD), with an additional 331,500 shares, bringing the total to 637,500 shares. This adjustment represents a 108.33% increase in share count and a 1.62% impact on the current portfolio, totaling $12.68 million.
• Qualcomm Inc (NASDAQ:QCOM), with an additional 33,600 shares, bringing the total to 37,800 shares. This adjustment represents an 800% increase in share count, totaling $6.43 million.

Summary of Sold Out Positions

John Hussman (Trades, Portfolio) completely exited 85 holdings in this quarter, including:

• Akamai Technologies Inc (NASDAQ:AKAM), where all 42,000 shares were sold, impacting the portfolio by -1.04%.
• Cognizant Technology Solutions Corp (NASDAQ:CTSH), with all 52,500 shares liquidated, causing a -0.98% impact on the portfolio.

Key Position Reductions

Reductions were also prominent this quarter, with significant cuts in:

• California Resources Corp (NYSE:CRC) by 63,000 shares, resulting in an -80.77% decrease and a -0.92% portfolio impact. The stock traded at an average price of $50.57 during the quarter.
• Adobe Inc (NASDAQ:ADBE) by 3,990 shares, marking a -95% reduction and a -0.61% impact on the portfolio. The stock's average trading price was $548.46 during the quarter.

Portfolio Overview

As of the third quarter of 2024, John Hussman (Trades, Portfolio)'s portfolio included 216 stocks. Top holdings were 3.11% in Barrick Gold Corp (NYSE:GOLD), 2.52% in Agnico Eagle Mines Ltd (NYSE:AEM), and 2.34% in Newmont Corp (NYSE:NEM). The portfolio shows a strong concentration in sectors such as Technology, Healthcare, and Basic Materials, reflecting a strategic diversification across 11 industries.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.