Top Recent Hedge Funds’ Moves Worth Keeping Track of

At Insider Monkey we track tons of filings with the Securities and Exchange Commission from some of the best hedge funds. As empirical studies show, mimicking hedge fund activity can help retail investors to beat Mr. Market by as much as 18 percentage points per year in the long-term. In this piece we will do a short recap of the most interesting changes in hedge funds’ equity portfolios reported over the past several weeks.

Carl Icahn - Icahn Capital Lp

One of the companies that went on our radars is Navistar International Corp (NYSE:NAV), in which two “hedgies” reported bullish moves. The first was Mark Rachesky‘s MHR Fund Management, which revealed raising its stake by some 911,000 shares to 13.9 million shares, equal to 17.2% of the outstanding stock. A couple of days later, Carl Icahn disclosed adding more shares to his position, taking it to 17.64% of the common stock. Mr. Icahn purchased around 1.02 million shares, and currently owns around 14.30 million shares.

Even though, it is not a hedge fund, Bill Gates’ investment arm, Cascade Investment is also worth tracking. In the past couple of weeks, Cascade Investment, together with Bill & Melinda Gates Foundation Trust, managed by Michael Larson, disclosed holding significant positions in two companies. In Thai Fund Inc. (NYSE:TTF), Mr. Gates holds around 1.05 million shares, equal to 8.2% of the stock. The second company is Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF), with Mr. Gates owning 88.01 million class L shares, which amass 17.7% of the class.

Billionaire Leon Cooperman is the next on our list, reporting acquisition of 632,000 class A shares of PennyMac Financial Services Inc (NYSE:PFSI). Following the purchase, Mr. Cooperman holds around 3.39 million shares of the company. Another filing, disclosed Omega Advisors, raising its position in the UK-based company, Monitise Plc (LON:MONI) to 200.27 million shares, versus 158.43 million held previously.

Nelson Peltz‘ and his fund, Trian Partners, solidified their position in Ingersoll-Rand PLC (NYSE:IR), by around 50% to 17.90 million shares, the new stake being equal to 6.44% of the outstanding stock.

Castlight Health Inc (NYSE:CSLTis another company, which witnessed a bullish sentiment from two hedge fundsAdage Capital Management, managed by Phill Gross and Robert Atchinsonand  Lee Ainslie’s Maverick Capital revealed holding 554,000 and 8.18 million class B shares of the company. And while Adage Capital has initiated a 5% stake in the company, Maverick, boosted its position, which is now equal to 39.9% of the stock, from 450,000 shares revealed earlier.

The billionaire hedge fund manager, Ken Griffin, the manager of Citadel Investment Group, reported boosting its stake in Five Below Inc (NASDAQ:FIVEto 3.18 million shares, from 778,800 shares held previously, the new stake amassing 5.9% of the outstanding shares.

Another filing showed Balyasny Asset Management, led by Dmitry Balyasnysurging its position in Boardwalk Pipeline Partners, LP (NYSE:BWP) to 5.7% of the stock. Balyasny upped its stake to 13.80 million shares, from 167,500 shares held previously.

Another hedge fund that we would like to mention is Christopher Lord‘s Criterion Capital, which disclosed owning 5.81 million shares of Veeva Systems Inc (NYSE:VEEV), equivalent to 19.9% of the company’s total Class A common stock, raising the stake from 4.40 million held previously. Overall, since the end of 2013, Criterion boosted its exposure to Veeva Systems from some 635,500 shares reported in its latest 13F.

Disclosure: none

Recommended Reading:

Orange Capital Boosts Stake in Pinnacle Entertainment, Inc (PNK) and Proposes a Real Estate Spin-Off

Cerberus Capital Reports Holding Over 8% of Ally Financial Inc (ALLY)

GLG Partners Reveals New Stake in China-based Shanda Games Limited (ADR) (GAME)

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

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

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

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!