LeapFrog Enterprises, Inc. (LF), TriQuint Semiconductor (TQNT): Here’s What This Multi-Strategy Money Manager Has Been Buying

Finally, Graham Capital’s biggest closed positions included Hess and calls on the SPDR S&P 500 ETF. Other closed positions of interest include Halcon Resources and Pengrowth Energy Corp (USA) (NYSE:PGH). Oil and gas company Halcon, operating in the promising Bakken region, as well as Texas’ productive Eagle Ford shale region, among others, posted 2012 net daily production 128% higher than year-earlier levels, and proven reserves up 417%. The stock was punished after a disappointing earnings result last month, despite surging revenue. Free cash flow has moved into the red, though.

Pengrowth Energy Corp (USA) (NYSE:PGH) has drawn some investors’ interest with its dividend yield north of 9%, but that payout has been shrinking in recent years. It has been challenged lately by issues such as rising costs and cut back on its production a bit. Earlier this year, my colleague Sean Williams saw it as a somewhat risky but also very promising portfolio candidate. In its latest earnings report, the company noted that it is selling some non-core assets to raise funds for further investments.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing, and 13F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This Multi-Strategy Money Manager Has Been Buying originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, has no position in any stocks mentioned. The Motley Fool recommends Hasbro, LeapFrog Enterprises, and Mattel and owns shares of Hasbro, LeapFrog Enterprises, and TriQuint Semiconductor.

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