Which stocks are hedge funds betting on right now? During the past week, we tracked and recorded basically all hedge fund moves. However, several “hedgies” have been particularly active. With this in mind, we would like to present you 10 moves to keep track of.
Carl Icahn boosted its position in Apple Inc. (NASDAQ:AAPL) to around $2.5 billion. Icahn also sent a letter to Apple’s CEO, Tim Cook. Yesterday, Carl Icahn also reported picking up its activist position in Talisman Energy Inc. (USA) (NYSE:TLM) to 6.96%, from 5.9%.
Coliseum Capital, managed by Christopher Shackelton and Adam Gray, initiated a passive stake in Jamba, Inc.(NASDAQ:JMBA), which amasses 6.1% of the company’s common stock.
Paul Reeder and Edward Shapiro’s PAR Capital Management reported raising its majority position in Global Eagle Entertainment (NASDAQ:ENT) to 31.7 million shares, which represent 53% of the company.
Pine River Capital, managed by Brian Taylor disclosed dumping its entire stake in micro-cap Cullen Agricultural Holding (OTCBB:CAGZ).
Howard Marks‘s Oaktree Capital Management revealed its position in privately-held NewPage Holdings, which amounts to 15.8% of outstanding shares.
Bill Ackman‘s hedge fund, Pershing Square reduced its stake in Canadian Pacific Railway Limited (USA) (NYSE:CP) to some 17.2 million shares from around 24.2 million reported in Pershing Square’s latest 13F.
Lone Pine Capital, led by Stephen Mandel, boosted its exposure in The Gap Inc. (NYSE:GPS), now holding 25.1 million shares, equivalent to 5.4% of Gap’s common stock.
Jeff Smith‘s Starboard Value increased its position in TriQuint Semiconductor (NASDAQ:TQNT) to some 12.5 million shares, which represent 8% of the company.
Solus Alternative Asset Management, run by Christopher Pucillo reported two bearish moves in YRC Worldwide, Inc. (NASDAQ:YRCW), reducing its position in the company to 548,336 shares.