Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Realogy Holdings Corp (RLGY) And Pandora Media Inc (P) Get Big Votes Of Confidence From These Funds

Page 1 of 2

According to separate 13G forms filed with the SEC, Doug Silverman and Alexander Klabin‘s Senator Investment Group and Richard Gerson and Navroz D. Udwadia‘s Falcon Edge Capital have increased their respective holdings in Realogy Holdings Corp (NYSE:RLGY) and Pandora Media Inc (NYSE:P). After an 88% boost to its Realogy position, Senator Investment Group now owns 7.5 million shares, which represent 5.12% of the company’s outstanding shares. Falcon Edge on the other hand increased its Pandora Media Inc (NYSE:P) holding by 148% to 11.62 million shares, amassing 5.5% of the media company’s outstanding stock in the process.

Biggest Industries in America

Alexander Raths/

Prior to establishing Senator Investment in 2008, the two founders worked for James Dinan’s York Capital Management. Currently the market value of the firm’s public equity portfolio stands at $11.49 billion with 24% of the investments being in the consumer discretionary sector. As for Falcon Edge, the fund was founded in 2012 and has a public equity portfolio worth about $1.32 billion, with 20% of its holdings in the healthcare sector.

Doug Silverman And Alexander Klabin
Doug Silverman And Alexander Klabin
Senator Investment Group

An everyday investor does not have the time or the required skill-set to carry out an in-depth analysis of equities and identify companies with the best future prospects like a fund with the knowledge and resources of Visium can. However, it is also not a good idea to pay the egregiously high fees that investment firms charge for their stock picking expertise. Thus a retail investor is better off to monkey the most popular stock picks among hedge funds by him or herself. But not just any picks mind you. Our research has shown that a portfolio based on hedge funds’ top stock picks (which are invariably comprised entirely of large-cap companies) falls considerably short of a portfolio based on their best small-cap stock picks. The most popular large-cap stocks among hedge funds underperformed the market by an average of seven basis points per month in our back tests whereas the 15 most popular small-cap stock picks among hedge funds outperformed the market by nearly a percentage point per month over the same period between 1999 and 2012. Since officially launching our small-cap strategy in August 2012 it has performed just as predicted, beating the market by over 60 percentage points and returning 118%, while hedge funds themselves have collectively underperformed the market (read the details here).

Senator has held a stake in Realogy Holdings Corp (NYSE:RLGY) since the third quarter of 2013. The stock price of the company has depreciated by nearly 5.5% since then, with the most recent major slide coming at the end of July as the shares have slid by almost 20%. The recent market correction and resultant slide of the stock could be one of the reasons why Senator has decided to boost its stake in the company.

The $5.81 billion provider of real estate services in the United States operates in four segments, namely franchising, relocation, settlement, and brokerage. Also, Realogy Holdings Corp (NYSE:RLGY) has a joint venture in mortgage with PHH Corporation (NYSE:PHH). In its financial results for the second quarter the company delivered EPS of $0.66, which came in $0.03 lighter than what analysts expected, though the revenues of $1.65 billion were in-line with the estimates. The company benefited from the recovery in the housing market, which according to a report by the National Association of Realtors, saw the highest pace of sales in eight years in June. Realogy Holdings Corp (NYSE:RLGY) saw the largest gains in sales in the West and Midwest regions.

Stephen Mandel‘s Lone Pine Capital and John Paulson’s Paulson & Co are the largest stockholders of Realogy Holdings Corp (NYSE:RLGY) within our database, holding some 10.41 million shares and 7.04 million shares respectively.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!