David Gerstenhaber, one of the first tiger cubs, is the hedge fund manager for Argonaut Capital. Gerstenhaber is an economist and follows a global macro investing approach. Argonaut’s annual average return is 16% since its inception in 2000. Argonaut also gained 12.3% in 2008 when most hedge funds and investors were under water. Argonaut returned 10.1% in 2009 which implies that its return is quite uncorrelated with the market.
| Fund Name: | Argonaut Capital |
| Manager | David Gerstenhaber |
| Portfolio Value | $114,694,000 |
| Change This QTR | +0.26% |
| No. | Security | Ticker | Shares | Value (x$1000) | Activity | % Port |
|---|---|---|---|---|---|---|
| 1.) | SPY | 682,900 | $97,252 | -50% |
84.79% | |
| 2.) | AAPL | 8,919 | $4,746 | -27% |
4.13% | |
| 3.) | PM | 23,320 | $1,951 | -40% |
1.7% | |
| 4.) | MO | 22,590 | $710 | -52% |
0.61% | |
| 5.) | AMT | 8,921 | $689 | -52% |
0.6% | |
| 6.) | JPM | 15,399 | $677 | -26% |
0.59% | |
| 7.) | SBAC | 9,110 | $647 | -54% |
0.56% | |
| 8.) | HFC | 13,496 | $628 | -55% |
0.54% | |
| 9.) | S | 109,910 | $623 | -60% |
0.54% | |
| 10.) | BX | 39,655 | $618 | -68% |
0.53% |
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