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.

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.

Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!