Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Deepak Gulati

Page 1 of 2

Argentiere Capital, founded and managed by Deepak Gulati, is a Switzerland-based hedge fund founded in 2013. Gulati is the former head of global equity proprietary trading at JPMorgan Chase. Under his guidance, JPMorgan Chase produced annualised returns of about 19% from 2007 through 2012. Gulati seeks to exploit inefficiencies across the spectrum of equities, and so his fund Argentiere Capital generates returns that are uncorrelated with the market by employing equity volatility strategies. The second quarter weighted average returns of the fund’s 35 long positions in companies with a $1 billion market cap stood at 2.8%, while its year-to-date returns were 5.1% through June 30 using the same metric. It should be noted that these are only based on the fund’s long positions at a fixed point in time, and do not account for changes to positions during the quarter, bonds, options, or short positions, so the actual returns of the fund could be very different than our calculated stock pick returns. At the end of the second quarter of 2015, the fund had 48% of its holdings in finance stocks, 21% in the materials sector,  and 14% in information technology. The market value of the fund’s equity portfolio stood at $151.31 million at the end of June, compared to $242.23 million following the prior quarter. This was also accompanied by a high turnover ratio of 100.00%. In this article we’ll take a look at the top tech picks of the fund heading into the third quarter, which are Alibaba Group Holding Ltd (NYSE:BABA), Apple Inc. (NASDAQ:AAPL), and Yahoo! Inc. (NASDAQ:YHOO).

Apple Inc. (NASDAQ:AAPL), Iphone, Display, cellular, black, editorial, modern, technology

pisaphotography /

At Insider Monkey, we track moves by hedge funds like Argentiere Capital in order to identify actionable patterns and profit from them. Our research has shown that hedge funds’ large-cap stock picks historically underperformed the S&P 500 Total Return Index by an average of seven basis points per month between 1999 and 2012. On the other hand, the 15 most popular small-cap stocks among hedge funds outperformed the S&P 500 Index by an average of 95 basis points per month (read the details here). Since the official launch of our small-cap strategy in August 2012, it has performed just as predicted, returning over 139% and beating the market by more than 80 percentage points. We believe the data is clear: investors will be better off by focusing on small-cap stocks utilizing hedge fund expertise (while avoiding their high fees at the same time) rather than large-cap stocks.

Deepak Gulati
Deepak Gulati
Argentiere Capital

Argentiere Capital increased its Alibaba Group Holding Ltd (NYSE:BABA) position by 444% in the second quarter, to 98,600 shares with a value of $8.11 million. The fund’s position in the stock amounted to 5.36% of its total portfolio holdings, up from just 0.62%. Alibaba Group Holding Ltd (NYSE:BABA) is principally engaged in online and mobile commerce through products, services, and technology, and has a market cap of $210.09 billion. The Chinese e-commerce giant has had a tough year so far, with its stock sliding by about 19.48% year-to-date, though it’s been relatively flat since the end of the first quarter. The company is trying to spur growth by partnering with Unilever plc. (NYSE:UL), with the aim of reaching out to a larger consumer base in China. The company continues to expand its entertainment business and recently partnered with DMG. Rob Citrone‘s Discovery Capital Management held the largest position in Alibaba within our database, owning 8.77 million shares worth over $730 million. Alibaba was the billionaire’s top position as of March 31.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!