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.

Should You Follow This Fund Into Its Investments in Paypal Holdings Inc (PYPL), Tripadvisor Inc (TRIP), & Others?

Should you invest in Teck Resources Ltd (USA) (NYSE:TCK), Paypal Holdings Inc (NASDAQ:PYPL), Tripadvisor Inc (NASDAQ:TRIP), and Insulet Corporation (NASDAQ:PODD)? Among many investment strategies that a retail investor can use to generate market-beating returns, one involves looking at how the hedge funds and other big smart money investors are trading them. One fund that is bullish on all these four stocks is David Greenspan‘s Slate Path Capital and its bets on the company are paying off as we shall see further in this article.

Slate Path Capital had an equity portfolio worth $1.28 billion at the end of June, which was mainly divided among Materials, Technology, and Consumer Discretionary sectors. According to our methodology of assessing a fund’s returns based on its long investments in companies valued at over $1.0 billion, Slate Path managed to post a gain of 16.12% in the third quarter from 11 “relevant” positions.

stock, exchange, trade, ipo, market, london, share, rate, sales, price, new, york, profit, index, broker, chart, rising, falling, street, frankfurt, wall, world, cash, points, display,


Without any further ado, let’s take a look at the fund’s positions in the four aforementioned companies and see how they performed last quarter.

Teck Resources Ltd (USA) (NYSE:TCK), which was a new position in Slate Path’s equity portfolio heading into the third quarter, was also one of the best-performing investments, as the stock surged by nearly 37% between July and September. In its last 13F filing, the fund reported ownership of 6.12 million shares valued at $80.54 million. At the end of June, a total of 27 of the hedge funds tracked by Insider Monkey held long positions in this stock, up by 59% from the first quarter. More specifically, Arrowstreet Capital was the largest shareholder of Teck Resources Ltd (USA) (NYSE:TCK), with a stake worth $187.5 million reported as of the end of June. Trailing Arrowstreet Capital was Impala Asset Management, which amassed a stake valued at $123.1 million. Balyasny Asset Management and McKinley Capital Management also held valuable positions in the company.

Follow Teck Resources Ltd (NYSE:TCK)
Trade (NYSE:TCK) Now!

In Paypal Holdings Inc (NASDAQ:PYPL), the fund amassed 5.88 million shares at the end of June, up by 10% over the quarter; the position was valued at $214.68 million. During the third quarter, PayPal’s shares have gained 12.2%, which had a positive impact on the returns of Slate Path and 83 other funds from our database that held shares of the company heading into the quarter.  Among these funds, Icahn Capital LP held the most valuable stake in Paypal Holdings Inc (NASDAQ:PYPL), which was worth $1237.6 million at the end of the second quarter. On the second spot was Orbis Investment Management which amassed $490 million worth of shares. Moreover, Lone Pine Capital, D E Shaw, and Coatue Management were also bullish on Paypal Holdings Inc (NASDAQ:PYPL).

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.