Kodiak Oil & Gas Corp (USA) (KOG), National-Oilwell Varco, Inc. (NOV): Here’s What This Multistrategy Money Manager Has Been Buying

Finally, Graham Capital’s biggest closed positions included the SPDR Select Financial and iShares MSCI Mexico Capped ETFs. Other closed positions of interest include Dendreon Corporation (NASDAQ:DNDN) and Prospect Capital Corporation (NASDAQ:PSEC). Dendreon, maker of prostate cancer drug Provenge, reports its latest results tomorrow, and the stock has risen as bulls expect a narrower loss than last quarter’s and hope for approval of the drug in Europe. Bears worry about competing drugs, though.

Prospect Capital Corporation (NASDAQ:PSEC) is a private equity business development company (“BDC”) specializing in funding energy companies and recently yielding 12%. Some worry BDCs as being adversely affected by rising interest rates, but Prospect isn’t scared and even expects to profit from them. Prospect’s share count has been soaring in recent years, but some feel that the money raised by that will pay off down the road. In a recent presentation, management pointed out, among other things, that its portfolio is diversified across 31 industries, and that senior management has a lot of skin in the game (some $35 million, to be precise).

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 Multistrategy Money Manager Has Been Buying originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, holds no position in any stocks mentioned. The Motley Fool recommends and owns shares of National Oilwell Varco and Ultra Petroleum. It also owns shares of Apache and Dendreon and has the following options on Ultra Petroleum: long January 2014 $30 calls, long January 2014 $40 calls, and long January 2014 $50 calls.

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