Hedge Fund News: Warren Buffett, Paul Singer & Carl Icahn

Page 1 of 2

4 stocks Warren Buffett and insiders love (MarketWatch)
In this article we look into four companies that are in Warren Buffett‘s portfolio and have witnessed insider purchases over the past three months. First on our list is Phillips 66 (NYSE:PSX), a downstream energy company with a market cap that surpasses $46 billion. Although in the last 13F form filed by Berkshire Hathaway Inc. (NYSE:BRK.B) the fund declared that its position in the company remained unchanged over the third quarter of 2013, its bets are still quite high. The fund owns more than 27 million shares—valued at over $2 billion—which account for almost 2% of the total value of its equity portfolio.

hedge funds vs. mutual funds

Hedge-Fund Manager Paul Singer ‘Shocked’ by Bitcoin Popularity (Wall Street Journal)
One of the bigger names in hedge funds has come out against Bitcoin – and in favor of beaten-down gold. Paul Singer, founder of $23.3 billion Elliott Management Corp., told investors he was “shocked” by the virtual currency Bitcoin’s popularity and skeptical of its long-term prospects, according to a quarterly letter sent this week. “There is no more reason to believe that Bitcoin will stand the test of time than that governments will protect the value of government-created money, although Bitcoin is newer and we always look at babies with hope,” Mr. Singer wrote.

As Apple shares fall, Icahn buys another $500 million (MSN Malaysia News)
Hedge fund billionaire Carl Icahn said he bought another half a billion dollars’ worth of Apple Inc. (NASDAQ:AAPL) stock yesterday, signaling confidence in the iPhone maker even after it gave a disappointing revenue forecast for the current quarter. The investment, Icahn’s third in Apple in less than a week, boosts the value of stake in the company to more than $4 billion (RM13.3 billion). It was announced via his Twitter account as Apple’s shares traded down about 8% following its quarterly report late on Monday, which renewed Wall Street’s concerns about the maturing smartphone market. Icahn told Reuters in a telephone interview that the decline in Apple shares presented “a great opportunity” to add to his position.

U.S. rests its case in insider trading trial of SAC’s Martoma (Reuters)
Steven A. Cohen tried to sell stock as quietly as possible as SAC Capital Advisors unwound positions at the center of an insider trading trial, the hedge fund’s head trader said on Thursday. The testimony came as the government called its final witnesses in the trial of former portfolio manager Mathew Martoma, putting the case within days of its conclusion. Martoma, 39, is accused of using inside information about a drug trial to trade in the stock of Elan Corporation, plc (ADR) (NYSE:ELN) and Wyeth that helped SAC Capital make profits and avoid losses of $276 million.

Diamondback Co-Founder Likes Banks (FINalternatives)
The co-founder of Diamondback Capital Management is bullish on banks at his new hedge fund. Richard Schimel, who is also SAC Capital Advisors founder Steven Cohen’s brother-in-law, told clients of his newly-launched Sterling Ridge Capital Management that certain banks—specifically those doing little fixed-income trading and restructured retail-focused entities—should do well this year, Reuters reports. Schimel did not identify any of his positions by name.

Rich hedge fund managers feel poor’s pain (CNBC.com)

Page 1 of 2
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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships 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!