Richard Perry and Perry Capital’s Recent Portfolio Activity

Richard Perry’s Perry Capital has a very long and successful track record of beating the market by taking less risk than the market. During the past 22 years, Perry Capital had only one losing year: 2008. Perry Partners International, Richard Perry’s flagship multi-strategy fund, lost 26.8% in 2008, gained 25.2% in 2009, and returned 16.2% in 2010. Perry Capital manages $14 Billion and has an average return of 15.4% since inception.

Richard Perry uses the same strategies described in Joel Greenblatt’s book, You Can Be a Stock Market Genius. He follows an event-driven approach and invests in companies in mergers and acquisitions, bankruptcy, spinoffs or any other type of restructuring. There are a lot of hedge funds trying to generate alpha by using these strategies though. So, Richard Perry seeks out companies that are willing to work with him to make changes that unlock value.

ESL INVESTMENTS

Richard Perry initiated a $123 Million Genworth Financial (GNW) position during the first quarter. Jeffrey Altman’s Owl Creek Asset Management and Eddie Lampert’s ESL Investments had large GNW positions at the end of December.

Perry initiated a $100 Million position in BMC Software (BMC). Larry Robbins’ Glenview had a very large position in BMC. Perry Capital also initiated new positions in Smurfit Stone Container (SSCC), Sunoco (SUN), Williams Cos (WMB), BJ’s Wholesale CLub (BJ), and Iron Mountain (IRM). Smurfit Stone Container investment is a merger arbitrage play. Williams Cos is a spinoff play (Read Dan Loeb’s opinion about WMB here). Michael Lowenstein’s Kensico Capital, Michael Karsch’s Karsch Capital, and Curtis Macnguyen’s Ivory Capital had the largest holdings in WMB among the 300+ funds we follow.

The table below provides a summary of Perry’s recent activity (You can see Perry’s fourth quarter positions here):

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!