Latest Hedge Fund Moves: Carl Icahn, Ken Griffin, Steven Cohen and Others

Hedge fund managers have been very active this week, with several hedge fund gurus revealing important moves recently. Carl Icahn, Ken GriffinSteven Cohen and others have reported the newest changes to their equity portfolio.  Here is a summary of the biggest moves disclosed in the last couple of days.

Carl Icahn has continued adding to his investment in Nuance Communications Inc. (NASDAQ:NUAN). His fund, Icahn Capital LP, has revealed an increase in its stake from 52.4 million to 58.9 million shares, which account for 18.72% of the company’s common stock. Icahn has opened this position during the first quarter of 2013 and has been increasing it throughout 2013. Nuance offers voice and language software products worldwide. For the year ended September 30, 2013, the company posted revenues of $753 million and a loss per share of $0.37.

Nuance Communications Inc. (Nasdaq:NUAN)

Ken Griffin and Citadel Investment Group are optimistic about Finisar Corporation (NASDAQ:FNSR). In a recent filing, Citadel revealed the addition of 2.3 million shares, taking its stake to approximately 5 million shares, or 5.2% of the company’s common stock. Finisar stock has surged 26% so far in 2013 and has a trailing Price to Earnings (P/E) ratio of 73.53. The company is to release its financial results for the latest quarter today, December 5th, after market hours.

Steven Cohen and SAC Capital have boosted their stake in The Fresh Market Inc (NASDAQ:TFM). Cohen and SAC now hold approximately 2.4 million shares, valued at $96.7 million. Their holding accounts for 5.1% of the company’s common stock. The Fresh Market Inc is a grocery retailer operating in the United States. The company has a market cap of $1.97 billion and the stock has a trailing P/E ratio of 28.33. For the three months ended July 28, 2013, The Fresh Market posted sales of $354 million and Earnings Per Share (EPS) of $0.32.

The Fresh Market Inc (NASDAQ:TFM)

Mario Gabelli added to his fund’s position in Nathan’s Famous, Inc. (NASDAQ:NATH). GAMCO Investors has recently reported holding 592,600 shares, or 13.26% of the company’s shares outstanding. So far in 2013, Nathan’s Famous stock has advanced 47% and is trading at a trailing P/E ratio of 26.44. During the previous quarter, the company registered revenues of $23.6 million and earnings per diluted share of $0.57.

Last but not least is T2 Partners run by Whitney Tilson. According to a recent filing, Tilson has closed his funds position in dELiA*s, Inc. (NASDAQ:DLIA). An apparel retail company, dELiA*s has a market cap of $49 million and does not pay a dividend. Third quarter financial report revealed the company registered revenues of $33 million, down 29% from Q3 of 2013, and a loss per share of $0.40.

Disclosure: none

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!