Valeant Pharmaceuticals Intl Inc (VRX), Transocean LTD (RIG) & More: How Q Investments Managed to Outperform the Market?

Q Investments (Specter Holdings) sold 33% of its stake in Oasis Petroleum Inc. (NYSE:OAS) in the second quarter, and ended the period with a total of 249,815 shares valued at $2.33 million. The investment proved to be fruitful for the hedge fund as the stock surged by 22.8% between July and September. Oasis Petroleum Inc. (NYSE:OAS) was included in the equity portfolios of 33 funds from our database at the end of June, compared to 29 funds a quarter earlier. Among these funds, SPO Advisory Corp held the most valuable stake in Oasis Petroleum Inc. (NYSE:OAS), which was worth $186 million. On the second spot was Paulson & Co, which amassed $49.4 millions worth of shares. Moreover, Brenham Capital Management, Think Investments, and Blue Ridge Capital were also bullish on Oasis Petroleum Inc. (NYSE:OAS).

Q Investments cut its stake in Rice Energy Inc (NYSE:RICE) by 71% to 26,055 shares worth $574,000 during the second quarter. The timing of the move didn’t seem right though, as in the following three months the stock surged by 18.5%. At the end of the second quarter, a total of 38 funds tracked by Insider Monkey held long positions in this stock, a change of 9% from the first quarter. Viking Global, managed by Andreas Halvorsen, held the largest position in Rice Energy Inc (NYSE:RICE), having reported $278 million worth of stock. The second largest stake was held by Firefly Value Partners, led by Ryan Heslop and Ariel Warszawski, with a $80.3 million position. Some other investors bullish on the stock included Robert Pitts’s Steadfast Capital Management, Stuart J. Zimmer’s Zimmer Partners, and Israel Englander’s Millennium Management.

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