Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Vinik Asset Management’s Top Stock Picks

Billionaire Jeffrey Vinik is the owner of Tampa Bay Lightning (NHL) and the Tampa Bay Strom (AFL). He is also a minority owner of Boston Red Sox (MLB) and is on board directors for Liverpool Football Club of the Premier League. As the founder of Vinik Asset Management, Jeffrey Vinik made about 50% per year between the fund’s inception in 1996 and 2000. Vinik returned investors $4.2 billion at the end of 2000 and closed the doors of Vinik Asset Management. He decided to use the fund to manage his personal wealth.


…During the third quarter, Vinik reduced his portfolio value from $8.98 billion to $5.85 billion. He also largely reduced the number of positions in his fund. Vinik Asset Management had 369 positions at the end of June and it reported to own 239 positions at the end of September. The fund sold out 195 positions over the third quarter. For instance, Vinik reported to own $231 million worth of iShares MSCI Emerging Markets Index (EEM) at the end of June and the fund sold out all the EEM shares in the third quarter. EEM returned 9.80% since the end of September, higher than the 7.80% of SPY. Vinik Asset Management also sold out $67.5 million worth of Autoliv Inc (ALV), which returned 5.94% since September 30, as well as other 193 stocks.

Read the rest of the article here.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!