Funds

Holdings and activity of leading value funds.

Larry Robbins' Glenview Capital Trims Tenet Healthcare (THC) Stake

(via www.marketfolly.com)

Larry Robbins' hedge fund firm Glenview Capital just filed a Form 4 with the SEC regarding shares of Tenet Healthcare (THC).  Per the filing, Glenview sold 4 million shares of THC on May 14th at a price of $47.75.

After the transaction, Glenview still owns just over 9.8 million...

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What We're Reading ~ Analytical Links 5/22/13

(via www.marketfolly.com)

A lesson from Warren Buffett: doubt yourself [WSJ]

Jelisavcic: This is an optimal time to invest in distressed debt [FINalternatives]

Are corporate profit margins abnormally elevated or sustainable? [Greenbackd]

Don't just do something, sit there [The Economist]

Steve Romick: trade...

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Tiger Global Boosts Carter's (CRI) Stake

(via www.marketfolly.com)

Chase Coleman's hedge fund firm Tiger Global filed a 13G with the SEC regarding their position in Carter's (CRI).  Per the filing, Tiger Global has revealed a 6.75% ownership stake in CRI with 4 million shares.

This marks a 36% increase in the amount of shares they own since the end of the...

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Viking Global Increases Intuitive Surgical (ISRG) Position

(via www.marketfolly.com)

Andreas Halvorsen's hedge fund firm Viking Global Investors has filed a 13G with the SEC regarding shares of Intuitive Surgical (ISRG).  Per the filing, Viking has disclosed a 5.1% ownership stake in ISRG with 2,029,353 shares.

This marks around a 10% increase in the amount of shares they...

New Hedge Fund Wisdom Issue Now Available

(via www.marketfolly.com)

The brand new first quarter issue of our premium Hedge Fund Wisdom newsletter is now available!  Subscribers please login at www.hedgefundwisdom.com to download it.

In The New Issue

- Equity analysis of 3 stocks top hedge funds are buying: 
Written by hedge fund analysts, this...

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Soros Fund Adds to Johnson Services Stake

(via www.marketfolly.com)

George Soros' family office Soros Fund Management has been gradually adding to its position in London listed Johnson Services Group (LON:JSG).  Soros first disclosed the position in July of 2012, but since then they've nearly doubled it.

Soros Fund has revealed they own 7.19% of voting...

Paulson & Co Adds to Dex Media Stake, Kyle Bass Discloses His DXM Position

(via www.marketfolly.com)

John Paulson's hedge fund firm Paulson & Co filed an amended 13D and a Form 4 with the SEC regarding shares of Dex Media (DXM).  Per the filings, Paulson has disclosed a 13% ownership stake in DXM with 2.23 million shares.

This marks an increase of around 19% in their position size, up...

Omega Advisors and Bridger Capital Disclose Stakes in PennyMac Financial Services

(via www.marketfolly.com)

Two hedge funds filed disclosures with the SEC today regarding shares of recently public PennyMac Financial Services (PFSI).

Omega Advisors' PFSI Stake

Lee Cooperman's hedge fund Omega Advisors filed a 13D with the SEC on PennyMac Financial Services (PFSI) revealing they own 21.6% of the...

Performance of Stocks Analyzed in Past Hedge Fund Wisdom Issues

(via www.marketfolly.com)

Most of you know that we publish a premium newsletter each quarter called Hedge Fund Wisdom.  It reveals the portfolios of 25 top hedge funds, provides hedgie consensus buy/sell lists, and features an equity analysis section written by hedge fund analysts.  (If you haven't seen it, check...

Richard Titherington's Presentation at London Value Conference: Emerging Market Opportunities

(via www.marketfolly.com)

Continuing our notes from the London Value Investor Conference 2013, the next speaker is Richard Titherington of JP Morgan.  He presented on which emerging markets were the most compelling as investments these days.

Emerging Markets Opportunities

Richard Titherington is the Head of...

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What We're Reading ~ Analytical Links 5/15/13

(via www.marketfolly.com)

Meb Faber's new book: Shareholder Yield [Meb Faber]

Explanation of Tepper's chart: Equity risk premium is high (this is bullish) [The Big Picture]

On confirmation bias and the perma-whatevers [Abnormal Returns]

The end is where we start from [Reformed Broker]

On emotional finance...

Jeremy Hosking's Presentation at London Value Conference: Long AIG & US Airways

(via www.marketfolly.com)

Continuing our notes from the London Value Investor Conference 2013, the next speaker is Jeremy Hosking, an entrepreneur and fund manager.  He presented the long case on both AIG (AIG) and US Airways (LCC).

On Opportunities in Markets

The theme of Jeremy Hosking's presentation was how...

Ian Lance & Nick Purves' Presentation at London Value Conference: Long Pfizer (PFE)

(via www.marketfolly.com)

Continuing our notes from the London Value Investor Conference 2013, the next speakers were Ian Lance and Nick Purves of RWC.  They presented the case for why value investing is hard in this market and one long idea: Pfizer (PFE).

Effectiveness of Value Investing in Today's Market

With...

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Simon Denison-Smith's Presentation at London Value Conference: Long Cisco Systems & J. Smart

(via www.marketfolly.com)

Continuing our notes from the London Value Investor Conference 2013, the next speaker is Simon Denison-Smith of Metropolis Value Fund.  He talked about his investment strategy and presented the long ideas of Cisco Systems (CSCO) and J. Smart.

Metropolis' Strategy

Denison-Smith’s...

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Gary Channon's Presentation at London Value Conference: Long Glaxosmithkline

(via www.marketfolly.com)

Continuing our notes from the London Value Investor Conference 2013, the next speaker is Gary Channon of Phoenix Asset Management.  He talked about portfolio construction and presented a long idea: Glaxosmithkline (LON:GSK).

Channon's Investment Approach

Gary Channon is strongly...

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