Hedge Funds Have Bought TiVo and More

Page 1 of 2

While we wait for 13F filings to reveal a more complete picture of what hedge funds and other notable investors owned at the beginning of 2013 (very few of these filings have been released early), we can still get a picture of what fund managers are doing with 13D and 13G filings. These documents disclose when an institutional investor owns over 5% of the outstanding shares of a company, or when they make significant changes to such a position, and generally must be filed fairly quickly. As a result investors have a fairly recent buy recommendation from a fund, though of course it isn’t wise to blindly follow even the most successful investors as their performance depends on the entire set of trades they are making (including those in larger-cap stocks which don’t often appear in 13Ds and 13Gs). Here are five stocks hedge funds have bought recently:

Billionaire Ken Griffin and his team at Citadel Investment Group own 6.6 million shares of TiVo Inc. (NASDAQ:TIVO) according to Citadel’s most recent 13G filing. The 13F from the end of September reported a position of just over 1 million shares (see Griffin’s favorite stocks). TiVo remains unprofitable, at least if we strip out proceeds from litigation (some analysts argue that lawsuits will actually be a reliable source of income for the company, but we’d rather not depend on that line of thinking) and sell-side consensus is for negative profits in the forward fiscal year ending January 2014 as well. 12% of the outstanding shares are held short and we think it would be best to avoid the stock.

CITADEL INVESTMENT GROUPColony Financial Inc (NYSE:CLNY), a real estate investment trust, can now count billionaire Steve Cohen and his SAC Capital Advisors among their major shareholders after SAC disclosed a position of 3.3 million shares (or just over 5% of the company). This is up from 340,000 shares at the end of the third quarter (check out Cohen’s stock picks). As a real estate investment trust, Colony distributes much of its income to shareholders and this results in a considerable dividend yield- almost 7% at this time. The company invests in commercial mortgage loans and other debt tied to real estate.

Activist investor Carl Icahn added 4 million shares of CVR Refining LP (NYSE:CVRR) at an average price of $25 per share, and now owns 124 million shares of the stock. VR became independently traded on January 17th and was formerly a business unit of CVR Energy, Inc. (NYSE:CVI), a core Icahn holding. Research more of Icahn’s largest positions. CVR Refining, as implied, is a refiner of petroleum products. It is organized as a master limited partnership (MLP), a class of business that is increasing in popularity in the energy sector.

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 Click to see monthly returns in table format!

Lists

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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure 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!