Tiffany & Co. (TIF): 10 Hedge Funds Who Aren’t Loving Today’s Move Down

Shares of specialty jeweler Tiffany & Co. (NYSE:TIF) have lost 1.5% today, and over the longer term, they’ve been flat over the past month.

Although there are over 8,000 hedge funds in existence today, we look at around 525 funds in total, the cream of the crop, if you will. By using this technique, our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

With this in mind, it’s crucial to take a look at what names every stock’s hedge fund sentiment is composed of. Here’s the data for Tiffany & Co.

The largest investor in Tiffany & Co. (NYSE:TIF) is Harris Associates managed by Natixis Global Asset Management. The stake of Harris Associates in Tiffany contains about 5.5 million shares valued at $399.7 million. Aside from the fact that Harris Associates is the largest investor, we should also mention that the Tiffany stake was acquired by the hedge fund during the second quarter.

Dan Loeb‘s Third Point is the hedge fund that disclosed the second-largest position in Tiffany & Co. (NYSE:TIF) The hedge fund reported ownership of about 1.7 million shares, the value of the stake amounting to  about $120.2 million. During the second quarter of the year, Third Point’s stake in Tiffany declined by 39%.

Tiffany & Co. (NYSE:TIF)

With a $55.4 million stake, Chilton Investment Company managed by Richard Chilton is the next on the list. The money manager owns about 761,100 shares as of the end of the second quarter, up by over 27,300 shares in comparison with the January-March period.

Another prominent investor that disclosed ownership of Tiffany shares is Chuck Royce‘s Royce & Associates. The hedge fund’s position in the company involves 479,800 shares, worth almost $35 million. During the second quarter Chuck Royce’s stake in Tiffany declined by 6% or around 28,000 shares.

In the equity portfolio of Columbus Circle Investors, managed by Donald Chiboucis, Tiffany is represented via a $31.2 million stake, which contains 428,400 shares. The stake represents a new addition to the 13F portfolio of Donald Chiboucis’ find.

Next on the list is Alexander Mitchell‘s Scopus Asset Management. In the latest round of 13F filings, Scopus reported a $23 million stake in Tiffany & Co. (NYSE:TIF), which contains 315,000 shares. This is a new position.

AlphaBet Management, a hedge fund managed by Jason Adler, boosted its stake in Tiffany by almost 2,700%. As of the end of the second quarter, the hedge fund disclosed ownership of almost 436,600 shares of the company, valued at around $22 million.

In its most recent 13F, Citadel Investment Group, managed by billionaire Ken Griffin disclosed a new position, which involves 297,700 shares, worth $21.7 million.

At the same time, in the latest round of 13F filings with the SEC, Tiffany could be found in the equity portfolio of John W. Rogers‘ hedge fund, Ariel Investments. Ariel Investments disclosed a $18.7 million stake in Tiffany & Co. (NYSE:TIF), which contains 256,700 shares, down by 22% over the quarter.

And the last but not the least, with a $18.2 million stake, Davidson Kempner, managed by Thomas Lenox Kempner is the 10th largest shareholder of Tiffany & Co. (NYSE:TIF). The fund disclosed a position involving 250,000 shares, which also represents a new addition to its equity portfolio.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

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!