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Three Stocks Tourbillon Capital Partners Reduced Exposure To & One Bullish Bet

In American Homes 4 Rent (NYSE:AMH),  Jason Karp and his team decided to reduce their position. Over the course of the third quarter, the stake was cut by 20% to 7.81 million shares valued at $169 million. Meanwhile, the stock appreciated by 5.9% between July and September. At the end of the second quarter, 14 funds followed by Insider Monkey were invested in American Homes 4 Rent (NYSE:AMH), a drop of 18% from the first quarter. According to our data, Tourbillon Capital Partners was the largest shareholder of American Homes 4 Rent (NYSE:AMH), followed by was AEW Capital Management, which amassed a stake valued at $66.8 million. Capital Growth Management, Forward Management, and Millennium Management also held valuable positions in the company.

TourbillonHedgeFundsAMH

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Last but not least is Citrix Systems, Inc. (NASDAQ:CTXS), a provider of online software solutions. According to its latest 13F filing, Tourbillon Capital Partners had its entire position liquidated during the third quarter. The fund had held 1.18 million shares at the end of the previous quarter. After the solid rally from the second quarter, Citrix Systems, Inc. (NASDAQ:CTXS) went flat for most of the third quarter, managing a modest advance of 6.4%. Heading into the third quarter of 2016, 45 investors from our database held long positions in this stock, up by 13% from one quarter earlier. According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Paul Singer’s Elliott Management had the most valuable position in Citrix Systems, Inc. (NASDAQ:CTXS), worth close to $537.1 million at the end of June. Sitting at the No. 2 spot was Cliff Asness’ AQR Capital Management with a $191.6 million position. Remaining professional money managers that held long positions included Bain Capital’s Brookside Capital and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

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Disclosure: none.

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