Which stocks are hedge funds betting on right now? During the past week, we tracked and recorded basically all hedge fund moves. However, several “hedgies” have been particularly active. With this in mind, we would like to present you 10 moves to keep track of.
Carl Icahn boosted its position in Apple Inc. (NASDAQ:AAPL) to around $2.5 billion. Icahn also sent a letter to Apple’s CEO, Tim Cook. Yesterday, Carl Icahn also reported picking up its activist position in Talisman Energy Inc. (USA) (NYSE:TLM) to 6.96%, from 5.9%.
Howard Marks‘s Oaktree Capital Management revealed its position in privately-held NewPage Holdings, which amounts to 15.8% of outstanding shares.
Bill Ackman‘s hedge fund, Pershing Square reduced its stake in Canadian Pacific Railway Limited (USA) (NYSE:CP) to some 17.2 million shares from around 24.2 million reported in Pershing Square’s latest 13F.
Lone Pine Capital, led by Stephen Mandel, boosted its exposure in The Gap Inc. (NYSE:GPS), now holding 25.1 million shares, equivalent to 5.4% of Gap’s common stock.