13F-HR 1 huss_13f-1210.txt HUSSMAN ECONOMETRICS ADVISORS, INC. - 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Hussman Econometrics Advisors, Inc. Address: 5136 Dorsey Hall Drive Ellicott City, Maryland 21042 Form 13F File Number: 28-10233 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: John P. Hussman Title: President Phone: (410) 715-1145 Signature, Place, and Date of Signing: /s/ John P. Hussman Ellicott City, Maryland 1/26/2011 ------------------- ----------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 170 Form 13F Information Table Value Total: $ 6,335,477 (thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- --------------------- ---------- -------- ----------------- TITLE OF VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x1000'S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- -------- --------- ------- --------- --- ---- ---------- -------- ----- ------ ---- AMDOCS LTD ORD G02602103 27470 1000000 SH SOLE 1000000 ALCON INC COM SHS H01301102 40850 250000 SH SOLE 250000 CHECK POINT SOFTWARE TECH LTD ORD M22465104 69390 1500000 SH SOLE 1500000 VISTAPRINT N V SHS N93540107 31786 691000 SH SOLE 691000 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 35250 750000 SH SOLE 750000 ABBOTT LABS COM 002824100 71865 1500000 SH SOLE 1500000 ACERGY SA SPONSORED ADR 00443E104 243 10000 SH SOLE 10000 AEROPOSTALE COM 007865108 129360 5250000 SH SOLE 5250000 AGNICO EAGLE MINES LTD COM 008474108 7670 100000 SH SOLE 100000 ALIGN TECHNOLOGY INC COM 016255101 26125 1337000 SH SOLE 1337000 ALTERA CORP COM 021441100 35580 1000000 SH SOLE 1000000 AMEDYSIS INC COM 023436108 10218 305000 SH SOLE 305000 AMEREN CORP COM 023608102 1212 43000 SH SOLE 43000 AMERICA MOVIL SA DE CV SPON ADR A SHS 02364W204 228 4000 SH SOLE 4000 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 69785 4770000 SH SOLE 4770000 AMGEN INC COM 031162100 68625 1250000 SH SOLE 1250000 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 4923 100000 SH SOLE 100000 ARTHROCARE CORP COM 043136100 30284 975000 SH SOLE 975000 ASTRAZENECA PLC SPONSORED ADR 046353108 173674 3760000 SH SOLE 3760000 AUTOZONE INC COM 053332102 27259 100000 SH SOLE 100000 B A S F AG SPONSORED ADR 055262505 6301 78800 SH SOLE 78800 BJS WHOLESALE CLUB INC COM 05548J106 111846 2335000 SH SOLE 2335000 BARD C R INC COM 067383109 69745 760000 SH SOLE 760000 BARRICK GOLD CORP COM 067901108 2659 50000 SH SOLE 50000 BECTON, DICKINSON & CO COM 075887109 40908 484000 SH SOLE 484000 BED BATH & BEYOND INC COM 075896100 122875 2500000 SH SOLE 2500000 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 30041 375000 SH SOLE 375000 BEST BUY CO INC COM 086516101 51435 1500000 SH SOLE 1500000 BIG LOTS INC COM 089302103 30460 1000000 SH SOLE 1000000 BIOGEN IDEC INC COM 09062X103 100575 1500000 SH SOLE 1500000 BRISTOL MYERS SQUIBB CO COM 110122108 92680 3500000 SH SOLE 3500000 BUCYRUS INTL INC NEW COM 118759109 57395 642000 SH SOLE 642000 CPFL ENERGIA SA SPONSORED ADR 126153105 461 6000 SH SOLE 6000 CVS CAREMARK CORPORATION COM 126650100 26078 750000 SH SOLE 750000 CAMPBELL SOUP CO COM 134429109 36661 1055000 SH SOLE 1055000 CARNIVAL PLC ADR 14365C103 278 6000 SH SOLE 6000 CHEESECAKE FACTORY INC COM 163072101 70273 2292000 SH SOLE 2292000 CHINA MOBILE LIMITED SPONSORED ADR 16941M109 16623 335000 SH SOLE 335000 CHIPOTLE MEXICAN GRILL INC COM 169656105 53165 250000 SH SOLE 250000 CISCO SYS INC COM 17275R102 80920 4000000 SH SOLE 4000000 CLOROX CO DEL COM 189054109 124851 1973000 SH SOLE 1973000 COACH INC COM 189754104 22124 400000 SH SOLE 400000 COCA COLA CO COM 191216100 32885 500000 SH SOLE 500000 COGNIZANT TECHNOLOGY SOLUTION CL A 192446102 36645 500000 SH SOLE 500000 COLGATE-PALMOLIVE CO COM 194162103 140648 1750000 SH SOLE 1750000 COMCAST CORP NEW CL A 20030N101 23069 1050000 SH SOLE 1050000 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 502 9500 SH SOLE 9500 COMPANHIA PARANAENSE DE ENERG SPON ADR PFD 20441B407 189 7500 SH SOLE 7500 COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 4896 100000 SH SOLE 100000 COMPUTER SCIENCES CORP COM 205363104 44590 899000 SH SOLE 899000 CURRENCYSHS BRITISH POUND STER BRIT POUND STE 23129S106 15577 100000 SH SOLE 100000 DTE ENERGY CO COM 233331107 2447 54000 SH SOLE 54000 DEAN FOODS CO NEW COM 242370104 10210 1155000 SH SOLE 1155000 DECKERS OUTDOOR CORP COM 243537107 19935 250000 SH SOLE 250000 DELL INC COM 24702R101 94850 7000000 SH SOLE 7000000 DOLLAR TREE INC COM 256746108 51033 910000 SH SOLE 910000 DRESSER-RAND GROUP INC COM 261608103 27684 650000 SH SOLE 650000 EBAY INC COM 278642103 55660 2000000 SH SOLE 2000000 EMBOTELLADORA ANDINA S A SPON ADR B 29081P303 6 200 SH SOLE 200 ENDO PHARMACEUTICAL HLDGS I COM 29264F205 91239 2555000 SH SOLE 2555000 ENERSIS S A SPONSORED ADR 29274F104 188 8000 SH SOLE 8000 ERICSSON L M TEL CO ADR B SEK 10 294821608 69 6000 SH SOLE 6000 FACTSET RESH SYS INC COM 303075105 15002 160000 SH SOLE 160000 FAMILY DLR STORES INC COM 307000109 37282 750000 SH SOLE 750000 FOREST LAB INC COM 345838106 4797 150000 SH SOLE 150000 FUJIFILM HLDGS CORP ADR 2 ORD 35958N107 1766 49400 SH SOLE 49400 GAMESTOP CORP NEW CL A 36467W109 18304 800000 SH SOLE 800000 GANNETT INC COM 364730101 4527 300000 SH SOLE 300000 GENERAL MLS INC COM 370334104 113888 3200000 SH SOLE 3200000 GILEAD SCIENCES INC COM 375558103 14496 400000 SH SOLE 400000 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 431 11000 SH SOLE 11000 GOL LINHAS AEREAS INTLG S A SP ADR REP PFD 38045R107 269 17500 SH SOLE 17500 GOLDCORP INC NEW COM 380956409 4598 100000 SH SOLE 100000 HARMONY GOLD MNG ADR 413216300 3311 264000 SH SOLE 264000 HEINZ H J CO COM 423074103 29676 600000 SH SOLE 600000 HOME DEPOT INC COM 437076102 38566 1100000 SH SOLE 1100000 HUMANA INC COM 444859102 164220 3000000 SH SOLE 3000000 IDEXX LABS INC COM 45168D104 26719 386000 SH SOLE 386000 ILLUMINA INC COM 452327109 97164 1534000 SH SOLE 1534000 IMPAX LABORATORIES INC COM 45256B101 5671 282000 SH SOLE 282000 INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 361 4750 SH SOLE 4750 INTEGRA LIFESCIENCES HLDGS C COM NEW 457985208 47347 1001000 SH SOLE 1001000 INTERDIGITAL INC COM 45867G101 5496 132000 SH SOLE 132000 INTUITIVE SURGICAL INC COM NEW 46120E602 38662 150000 SH SOLE 150000 ISHARES INC MSCI CDA INDEX 464286509 542 17500 SH SOLE 17500 ISHARES INC MSCI SINGAPRE 464286673 526 38000 SH SOLE 38000 ISHARES INC MSCI SWEDEN 464286756 562 18000 SH SOLE 18000 ISHARES INC MSCI GERMAN 464286806 527 22000 SH SOLE 22000 ISHARES INC MSCI HONG KONG 464286871 520 27500 SH SOLE 27500 JA SOLAR HOLDINGS CO LTD SPON ADR 466090107 138 20000 SH SOLE 20000 JOHNSON & JOHNSON COM 478160104 77312 1250000 SH SOLE 1250000 JOY GLOBAL INC COM 481165108 69400 800000 SH SOLE 800000 KBR INC COM 48242W106 6003 197000 SH SOLE 197000 KELLOGG CO COM 487836108 63850 1250000 SH SOLE 1250000 KIMBERLY CLARK CORP COM 494368103 78800 1250000 SH SOLE 1250000 KOHLS CORP COM 500255104 54340 1000000 SH SOLE 1000000 LG DISPLAY CO LTD SPONS ADR REP 50186V102 426 24000 SH SOLE 24000 LABORATORY CORP AMER HLDGS COM NEW 50540R409 60225 685000 SH SOLE 685000 LIFE TECHNOLOGIES CORP COM 53217V109 167943 3026000 SH SOLE 3026000 LIFEPOINT HOSPITALS INC COM 53219L109 12017 327000 SH SOLE 327000 MCCLATCHY CO CL A 579489105 668 143000 SH SOLE 143000 MCDONALDS CORP COM 580135101 38380 500000 SH SOLE 500000 MCGRAW HILL COS INC COM 580645109 91025 2500000 SH SOLE 2500000 MEDTRONIC INC COM 585055106 37090 1000000 SH SOLE 1000000 MERCK & CO INC NEW COM 58933Y105 90100 2500000 SH SOLE 2500000 MICROSOFT CORP COM 594918104 153560 5500000 SH SOLE 5500000 MINDRAY MEDICAL INTL LTD SPON ADR 602675100 53 2000 SH SOLE 2000 MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 73 3500 SH SOLE 3500 NETAPP INC COM 64110D104 68700 1250000 SH SOLE 1250000 NETFLIX INC COM 64110L106 17570 100000 SH SOLE 100000 NEWMONT MINING CORP COM 651639106 3072 50000 SH SOLE 50000 NIKE INC CL B 654106103 51252 600000 SH SOLE 600000 NOVARTIS A G SPONSORED ADR 66987V109 37934 643500 SH SOLE 643500 ORACLE CORP COM 68389X105 31300 1000000 SH SOLE 1000000 P F CHANGS CHINA BISTRO INC COM 69333Y108 15362 317000 SH SOLE 317000 PANERA BREAD CO CL A 69840W108 126512 1250000 SH SOLE 1250000 PARTNER COMMUNICATIONS CO LT ADR 70211M109 203 10000 SH SOLE 10000 PATTERSON COMPANIES INC COM 703395103 30630 1000000 SH SOLE 1000000 PEARSON PLC SPONSORED ADR 705015105 230 14500 SH SOLE 14500 PEPCO HOLDINGS INC COM 713291102 2482 136000 SH SOLE 136000 PEPSICO INC COM 713448108 130660 2000000 SH SOLE 2000000 PFIZER INC COM 717081103 87550 5000000 SH SOLE 5000000 PHARMACEUTICAL PROD DEV INC COM 717124101 19541 720000 SH SOLE 720000 PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 117 2000 SH SOLE 2000 PINNACLE WEST CAP CORP COM 723484101 2363 57000 SH SOLE 57000 PORTUGAL TELECOM SGPS S A SPONSORED ADR 737273102 229 20000 SH SOLE 20000 PROCTER & GAMBLE CO COM 742718109 19299 300000 SH SOLE 300000 QLOGIC CORP COM 747277101 43554 2559000 SH SOLE 2559000 QUEST DIAGNOSTICS INC COM 74834L100 32814 608000 SH SOLE 608000 RADIOSHACK CORP COM 750438103 18490 1000000 SH SOLE 1000000 RANDGOLD RES LTD ADR 752344309 2058 25000 SH SOLE 25000 RESMED INC COM 761152107 17320 500000 SH SOLE 500000 ROSS STORES INC COM 778296103 28462 450000 SH SOLE 450000 ROWAN COS INC COM 779382100 17455 500000 SH SOLE 500000 SPDR SERIES TRUST DB INT GVT ETF 78464A490 9298 160000 SH SOLE 160000 SANMINA SCI CORP COM NEW 800907206 138 12000 SH SOLE 12000 SANOFI AVENTIS SPONSORED ADR 80105N105 406 12600 SH SOLE 12600 SAP AG ADR 803054204 521 10300 SH SOLE 10300 SAPIENT CORP COM 803062108 24200 2000000 SH SOLE 2000000 SARA LEE CORP COM 803111103 17510 1000000 SH SOLE 1000000 SHIRE PLC SPONSORED ADR 82481R106 13463 186000 SH SOLE 186000 SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 315 6000 SH SOLE 6000 SMUCKER J M CO COM 832696405 16412 250000 SH SOLE 250000 STARBUCKS CORP COM 855244109 24098 750000 SH SOLE 750000 STILLWATER MNG CO COM 86074Q102 214 10000 SH SOLE 10000 STRYKER CORP COM 863667101 67125 1250000 SH SOLE 1250000 SUNPOWER CORP COM CL A 867652109 17962 1400000 SH SOLE 1400000 SYNAPTICS INC COM 87157D109 92106 3135000 SH SOLE 3135000 SYSCO CORP COM 871829107 57771 1965000 SH SOLE 1965000 TJX COS INC NEW COM 872540109 99878 2250000 SH SOLE 2250000 TARGET CORP COM 87612E106 60130 1000000 SH SOLE 1000000 TELECOM ARGENTINA S A SPON ADR REP B 879273209 274 11000 SH SOLE 11000 TELECOMMUNICACOES DE SAO PAUL SPON ADR PFD 87929A102 73 3000 SH SOLE 3000 TIM HORTONS INC COM 88706M103 474 11500 SH SOLE 11500 TIMKEN CO COM 887389104 16706 350000 SH SOLE 350000 TRINA SOLAR LIMITED SPON ADR 89628E104 176 7500 SH SOLE 7500 UNDER ARMOUR INC CL A 904311107 24404 445000 SH SOLE 445000 UNILEVER N V N Y SHARES NEW 904784709 251 8000 SH SOLE 8000 UNITEDHEALTH GROUP INC COM 91324P102 90275 2500000 SH SOLE 2500000 VALEANT PHARMACEUTICALS INTL COM 91911K102 42435 1500000 SH SOLE 1500000 VARIAN MED SYS INC COM 92220P105 18913 273000 SH SOLE 273000 VERIZON COMMUNICATIONS INC COM 92343V104 40145 1122000 SH SOLE 1122000 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 502 19000 SH SOLE 19000 WALGREEN CO COM 931422109 87465 2245000 SH SOLE 2245000 WATERS CORP COM 941848103 96360 1240000 SH SOLE 1240000 WELLPOINT INC COM 94973V107 113720 2000000 SH SOLE 2000000 WHOLE FOODS MKT INC COM 966837106 67993 1344000 SH SOLE 1344000 WIPRO LTD SPON ADR 1 SH 97651M109 271 17500 SH SOLE 17500 XILINX INC COM 983919101 80854 2790000 SH SOLE 2790000 ZIMMER HLDGS INC COM 98956P102 8374 156000 SH SOLE 156000