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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!