Funds

Holdings and activity of leading value funds.

Tiger Global Boosts 58.com Stake

(via www.marketfolly.com)

Chase Coleman and Feroz Dewan's hedge fund Tiger Global has filed a 13G on shares of 58.com (WUBA).  Per the filing, Tiger Global now owns 6.5% of the company with over 1.2 million ADR shares (equivalent to 2.5 million ordinary shares).

This means they've boosted their exposure from 300,000...

Eminence Capital Ramps Up InterXion Holdings

(via www.marketfolly.com)

Ricky Sandler's hedge fund Eminence Capital has filed a 13G on shares of InterXion (INXN) with the SEC.  Per the filing, Eminence now owns 5.6% of the company with over 3.88 million shares.

This marks a boost of 677,739 shares since the end of 2013.  The filing was made due to activity...

What We're Reading ~ Analytical Links 4/16/14

(via www.marketfolly.com)

Notes from the DoubleLine lunch with Jeff Gundlach [Reformed Broker]

The illusion of conscious investing decisions [All About Alpha]

Prem Watsa says dot-com rally to 'end in tears' [Bloomberg]

Interview with Larry Pitkowsky and Keith Trauner of GoodHaven Fund [Forbes]

Charting a tasty future...

Baupost Group Dumps Enzon Pharmaceuticals Stake

(via www.marketfolly.com)

Seth Klarman's hedge fund firm Baupost Group has filed an amended 13G with the SEC regarding Enzon Pharmaceuticals (ENZN).  Per the filing, Baupost no longer owns a stake in the company.

The filing was made due to activity on March 31st.  Shares are trading under $1 now.  Baupost...

Howard Marks' Latest Memo: Dare To Be Great II

(via www.marketfolly.com)

Howard Marks, chairman of Oaktree Capital, is out with his latest memo.  Entitled, "Dare To Be Great II", the letter is an addendum of sorts to an original piece he penned in 2006 called Dare to Be Great.

In his latest missive, Marks focuses on how investment managers need to define success...

Bill Ackman's Pershing Square Trims Beam Stake Again

(via www.marketfolly.com)

Bill Ackman's hedge fund firm Pershing Square Capital Management has filed an amended 13D with the SEC regarding their position in Beam Inc (BEAM).  Per the filing, Pershing now owns 5.5% of the company with 9.1 million shares.

Pershing previously trimmed its BEAM stake just a few months ago...

JANA Partners Reduces Outerwall Position

(via www.marketfolly.com)

Per an amended 13D filed with the SEC, Barry Rosenstein's hedge fund firm JANA Partners has reduced its ownership stake in Outerwall (OUTR) down to 4.9% of the company.  Due to portfolio activity on April 8th, they now own 997,041 shares.

This marks a sizable decrease as they've sold over 2.7...

What We're Reading ~ Hedge Fund Links 4/11/14

(via www.marketfolly.com)

Age bigger factor than size in hedge fund performance [FINalternatives]

Coatue to return $2 billion to investors [CNBC]

On lunch with T. Boone Pickens [Morgan Housel]

Looking at some hedge fund pay [Business Insider]

Hedge fund research: transparently short [Barrons]

Tiger Global invests in...

Sohn Investment Conference Speakers Announced: Less Than a Month Away

(via www.marketfolly.com)

The 19th Annual Sohn Investment Conference is right around the corner on May 5th, 2014 in New York.  This is one of the premier investment conferences each year and it features an insanely good speakers list.  Produced by Bloomberg LINK, the event is a fundraiser to support pediatric...

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What We're Reading ~ Analytical Links 4/9/14

(via www.marketfolly.com)

On unsentimental investors [Ritholtz]

The best and worst thing about investing [Reformed Broker]

Wall Street's brightest minds reveal the most important charts in the world [BusinessInsider]

Dollar General (DG) annual valuation [ModernGraham]

In scrutiny of cable merger, internet choice will...

Value Investing Congress Las Vegas Notes 2014

(via www.marketfolly.com)

Below are notes from the 2014 Value Investing Congress that just took place in Las Vegas.  Click each link to go to that speaker's presentation.

Value Investing Congress Las Vegas Notes 2014

- Thomas Russo's Presentation

- Whitney Tilson's SodaStream Pitch

- Sahm Adrangi: Short Bank of...

David Neuhauser's Presentation at Value Investing Congress Las Vegas

(via www.marketfolly.com)

We've posted up notes from the Value Investing Congress in Las Vegas and next up in the series is David Neuhauser of Livermore Partners who pitched Pacific Rubiales Energy (TSE:PRE) and talked about Occidental Petroleum (OXY) and Zargon (TSE:ZAR).

David Neuhauser's Value Investing Congress...

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Lisa Rapuano's Presentation on Markel & Bed Bath and Beyond: Value Investing Congress Las Vegas

(via www.marketfolly.com)

We've posted up notes from the Value Investing Congress in Las Vegas and next up in the series is Lisa Rapuano of Lane Five Capital Management who pitched Markel (MKL) as well as Bed Bath and Beyond (BBBY).

Lisa Rapuano's Presentation at Value Investing Congress Las Vegas

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Richard Lashley's Presentation on Bank Plays at Value Investing Congress Las Vegas

(via www.marketfolly.com)

We've posted up notes from the Value Investing Congress in Las Vegas and next up in the series is Richard Lashley of PL Capital who pitched TARP Warrants, Metro Bank (METR), Horizon Bancorp (HBNC), and Intervest Bancshares (IBCA) .

Richard Lashley's Value Investing Congress...

Eric Andersen's Forrester, OFS Capital & Hartmann Presentation: Value Investing Congress Las Vegas

(via www.marketfolly.com)

We've posted up notes from the Value Investing Congress in Las Vegas and next up in the series is Eric Andersen of Western Standard who pitched Forrester (FORR), OFS Capital (OFS) and Hartmann.

Eric Andersen's Value Investing Congress Presentation

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