Elan Corporation, plc (ADR) (ELN), Tibco Software Inc. (TIBX): What This 758% Gainer Has Been Buying

Finally, Third Point’s biggest closed positions included Virgin Media Inc. (NASDAQ:VMED) and Murphy Oil Corporation (NYSE:MUR). Other closed positions of interest include Chimera Investment Corporation (NYSE:CIM) and ARIAD Pharmaceuticals, Inc. (NASDAQ:ARIA). Chimera Investment recently yielded 12%, but its payout has been shrinking and may continue to do so. It has taken on more risk than many of its brethren, and has had some trouble filing reports on time. Some have questioned its hefty management fees. Chimera may become less attractive if interest rates rise or if Congress cancels favorable tax treatment for REITs. On the plus side, its second quarter featured a modest bump in book value.

Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) received FDA approval for its leukemia drug Iclusig. Its launch wasn’t as strong as some had hoped, but in ARIAD’s second-quarter report, management cited strong sales growth for the stock and approval for it in Europe. My colleague Brian Orelli sees much potential for ARIAD, but warns that it’s not exactly priced at bargain levels these days.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This 758% Gainer Has Been Buying originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns no position in any stocks mentioned. The Motley Fool recommends Sotheby’s, Tibco Software, and Yahoo! It owns shares of CF Industries Holdings (NYSE:CF). 

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