Goldman Sachs Group, Inc. (GS) Posts Its Best Half-Year Performance In 5 Years

Page 2 of 2

How have hedgies been trading Goldman Sachs Group, Inc. (NYSE:GS)?

According to hedge fund intelligence website Insider Monkey, Berkshire Hathaway, managed by the legendary investor Warren Buffett, holds the most valuable position in Goldman Sachs Group, Inc. (NYSE:GS). Berkshire Hathaway has a $2.37 billion position in the stock, comprising 2.2% of its 13F portfolio. The second-largest stake is held by Lansdowne Partners, managed by Alex Snow, which holds a $1.19 billion position; the fund has 10.7% of its 13F portfolio invested in the stock. Further peers that are bullish include Edgar Wachenheim’s Greenhaven Associates, Boykin Curry‘s Eagle Capital Management, and Richard S. Pzena’s Pzena Investment Management.

With a general bullishness amongst the heavyweights, key hedge funds were breaking ground themselves. Balyasny Asset Management, managed by Dmitry Balyasny, initiated the most valuable position in Goldman Sachs Group, Inc. (NYSE:GS). Balyasny Asset Management had a $46.6 million position in the company at the end of the first trimester. Robert Pohly’s Samlyn Capital also initiated a $39.8 million position during the same quarter. The following funds were also among the new GS investors: Leon Shaulov’s Maplelane Capital, Wayne Cooperman’s Cobalt Capital Management, and Matthew Tewksbury’s Stevens Capital Management.

We believe that litigation charges have provided an interesting entry point in the company, especially given that there is positive hedge fund sentiment surrounding the stock. Following the stock’s dip, we believe that it is a good buy.

Disclosure: None

Page 2 of 2