10 Hedge Funds Hammered By the Decline in Commodities

Commodities have taken their steepest decline since 2009. Silver and Oil dropped 8 percent or more. The Goldman Sachs Commodity Index plunged 6.5%. So, you might be wondering who the biggest losers are. Insider Monkey, your source for hedge fund holdings, tracks more than 250 hedge funds. We compiled the list of 10 hedge funds with the highest exposure to commodities. These are based on 13F filings and show hedge funds’ positions at the end of December. We also don’t have data about hedge funds’ physical commodity/precious metal holdings, or their positions in futures markets. Here are the 10 hedge funds that are hammered by today’s decline in commodities:

1. Andrew Hall – Astenbeck Capital Management: Andrew Hall’s commodity fund had 100% of its assets in commodities. Hall launched the fund in 2010 and more than 40% of the fund’s 13F holdings are in Energy ETF (XLE) and Oil and Gas Explorers ETF (XOP).

T Boone Pickens

2. T. Boone Pickens – BP Capital: More than 95% of Boone Pickens’ portfolio was exposed to commodities. He is an oilman after all. His largest position was Chesapeake Energy at the end of December. Luckily, CHK gained 0.4% yesterday.

3. Eric Sprott – Sprott Asset Management: Eric Sprott recently said that he was selling silver and buying silver miners. Silver dropped 25% during the past four days and the decline in silver miners was around 15-20%. More than 95% of Sprott’s portfolio was exposed to commodities. He has been a long-time gold and silver bull. His largest positions at the end of December were Sprott Physical Silver Trust (PSLV), Sprott Physical Gold Trust (PHYS), Silver Wheaton Corp (SLW), and Barrick Gold (ABX).

4. Paul Touradji – Touradji Capital Management: More than 95% of Paul Touradji’s portfolio was exposed to commodities. This is normal because he is running one of the largest commodity-based hedge funds in the U.S. Touradji was born in Iran and previously worked at Julian Robertson’s Tiger Management. His largest 13F positions were Petrobras (PBR) and Barrick Gold (ABX). PBR is down 3.4% and ABX is down 2.7% today.

5. Gary A. Smith – Bluefoot Partners: More than 83% of Bluefoot Partners’ portfolio was exposed to commodities. Bluefoot’s largest positions were Agnico Eagle Mines (AEM), Gold Miners ETF (GDX), and Junior Gold Miners ETF (GDXJ).

6. Ranjan Tandon – Libra Advisors: Ranjan Tandon’s Libra Advisors is an emerging markets hedge fund but its 13F portfolio is mainly invested in gold stocks. More than 63% of Tandon’s portfolio was exposed to commodities. His top commodity stocks were Gammon Gold (GRS) and Goldcorp (GG). GRS is down 5.1% and GG is down 4.1%.

7. Charles Davidson – Wexford Capital: More than 58% of Wexford’s portfolio was exposed to commodities. Wexford’s biggest positions were in independent oil and gas companies. They also had some gold and silver holdings. Rhino Resource Partners (RNO) and Energy Partners (EPL) were two of their largest positions. EPL lost 2.4% today.

8. Richard Chilton – Chilton Investment Company: Chilton had more than 54% of his portfolio in commodities. He had a diversified portfolio with holdings in industrial metals and minerals, agricultural chemicals, gold, oil stocks, silver, and copper. His biggest position was Alpha Natural Resources (ANR).

9. Wilbur Ross – Wilbur Ross & Co: More than 51% of Wilbur Ross’ portfolio was exposed to commodities. His biggest position was EXCO Resources (XCO).

10. Daniel Bubis – Tetrem Capital: This $7 Billion Canadian fund has more than 50% of its assets in commodities. Tetrem had a diversified portfolio of commodities. Bubis’ largest commodity stocks were Barrick Gold (ABX), Potash (POT), and Suncor Energy (SU). Suncor lost 6% today, but is still up more than 7% for 2011.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!