Warren Buffett Just Made $200 Million This Morning

Warren Buffett just made $200 Million this morning. ConocoPhillips (COP) announced that it will spin off its refining and marketing divisions in early 2012. The stock jumped $6.50 or nearly 9% after the announcement. Warren Buffett’s Berkshire had more than 29 Million shares of COP at the end of March. Here are the other prominent investors/hedge funds that made a bundle on COP’s spin-off announcement:

Warren Buffett

1. Jean-Marie Eveillard – First Eagle: Made $42 Million

2. David E. Shaw – D.E. Shaw: Made $25 Million

3. Bill Miller – Legg Mason Capital Management: Made $20 Million

4. Michael Messner – Seminole Capital: Made $8 Million

5. Cliff Asness – AQR Capital: Made $7.4 Million. This is how Asness affords a $350 bottle of wine.

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