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.

Google Inc (GOOGL) and eBay Inc (EBAY) Among Billionaires Top Picks Heading Into Q2

Page 1 of 2

At Insider Monkey we track billionaires to unveil where the big money is heading. These skilled money managers didn’t get to be where they are purely out of chance. Their investment acumen helped them spot the right opportunities in the market at the right time, even if that meant assuming some risks sometimes. As the latest round of 13F filings has ended, we have analyzed the data from more than 700 funds from our database and identified the top picks of a total of 59 billionaires, which included Actavis plc (NYSE:ACT), Citigroup Inc (NYSE:C), Google Inc (NASDAQ:GOOGL), eBay Inc (NASDAQ:EBAY), and Baidu Inc (ADR) (NASDAQ:BIDU).



We follow hedge funds because our research has shown that their stock picks historically managed to generate alpha even though the filings are 45 days delayed. We used a 60-day delay in our back tests to be on the safe side. Our research has shown that the 15 most popular small-cap stocks among hedge funds outperformed the S&P 500 Total Return Index by an average of 95 basis points per month between 1999 and 2012. After adjusting for risk, our calculations revealed that these stocks’ monthly alpha was 80 basis points. We have also been sharing and tracking the performance of these stocks since the end of August 2012. These stocks returned 132% over the last 2.5 years, outperforming the S&P 500 ETF by nearly 80 percentage points (see more details here).

The number of billionaires holding Actavis plc (NYSE:ACT) in their equity portfolios increased to 26 from 18 during the first three months of 2015, while the aggregate value of their positions went up to $10.52 billion from  $6.20 billion at the end of the fourth quarter. Andreas Halvorsen of Viking Global and Dan Loeb of Third Point are among these billionaires, holding 6.11 million shares valued at $1.82 billion  and 3.58 million shares worth $1.06 billion respectively. The $118.26 billion healthcare company also had other hedge funds pouring into it in the first quarter as it displaced Apple Inc. (NASDAQ:AAPL) from the top spot in terms of popularity among funds. Actavis plc (NYSE:ACT) delivered a big earnings surprise in its latest financial results despite international revenues declining by 14% on the year owing to currency headwinds and divestitures of European assets in 2014. However, the hike in revenues from North American Brands and North American Generics segments more than made up for the losses.

Despite trading almost sideways on a year-to-date basis, Citigroup Inc (NYSE:C) also saw an increase in capital inflow from billionaires to 18 managers with stakes worth $2.99 billion in aggregate at the end of March, as compared to 14 billionaires with $3.26 billion a quarter earlier. Ken Fisher‘s Fisher Asset Management is one of the top shareholders of Citigroup Inc (NYSE:C) with some 11.69 million shares valued at $602.35 million. As the banking giant continues to streamline its operations, it recently sold off its Margin FX business to the online foreign exchange market broker, FXCM Inc. and Denmark-based investment bank, Saxo Bank.

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!