RECENT Hedge Funds RESEARCH
JAT Capital Management invests primarily in technology, media and telecom, travel, leisure, and gaming companies. In this series, we’ll take a detailed look at the fund’s top holdings in 1Q15.
In a recent interview with Fox’s Wall Street Week, activist investor Carl Icahn asserted that high yield bonds are becoming more risky than ever.
According to Carl Icahn, Apple’s stock should be trading at $216, higher than its recent value of $126. At $216, AAPL’s market capitalization would exceed $1 trillion, which equals ~8% of the US’s GDP.
In the first quarter of 2015, about 31 hedge funds closed their position in Zulily (ZU), including Ken Griffin’s Citadel Advisors.
Blue Ridge’s top holdings in 4Q14 were Charter Communications (CHTR), Actavis (ACT), Walgreens Boots Alliance (WBA), and Sensata Technologies (ST).
Tudor Investment employs macro strategies to achieve returns, and those strategies have been benefiting from energy price and emerging market reversion.
Sterling Capital is a private institutional investor. As of 4Q14, Sterling Capital increased its position to 2.3 million shares in General Mills.
In 4Q14, around 112 hedge funds created a new position in Priceline Group—including Eton Park. Its other top new positions were CDK Global, EQT, and KLX.
On top of its significant purchase of Bank of America stock, Passport Capital made notable investments in Williams Companies (WMB) and Zillow (Z).
According to aggregated 13F data, of the top five managers, only one reduced its position in Chesapeake Energy—Mackenzie Financial. Balyasny was seventh.
Coatue Management is a privately owned hedge fund sponsor. At the end of 4Q14, its US long portfolio was worth $10.5 billion—up from $9.7 billion in 3Q14.
Coatue Management’s fourth quarter 13F filing revealed the fund’s decreased positions in Netflix, Adobe Systems, Baidu, Apple, and 3D Systems.
Coatue Management’s fourth-quarter 13F filing revealed increased positions in Microsoft (MSFT) and American Tower Corporation (AMT), among other companies.
Coatue Management’s fourth-quarter 13F filing reveals new positions in Actavis (ACT), JD.com (JD), Electronic Arts (EA), Visa (V), and MasterCard (MA).
Blue Harbour’s top ten holdings include Rackspace Hosting at 13.42%, Akamai Technologies at 10.31%, and Babcock & Wilcox at 9.90%.
Icahn Associates’ 4Q14 positions were disclosed through a 13F filing in February. The size of the US long portfolio was down to $31.89 billion.
In 4Q14, OZ Management initiated new positions in Comcast (CMCSA), Yahoo! (YHOO), Endo International plc (ENDP), DIRECTV (DTV), and CDK Global Inc. (CDK).
Ray Dalio’s Bridgewater Associates filed its fourth-quarter 13F in February 2015. In 4Q14, the fund had opened four new positions.
Blue Harbour Group manages capital on behalf of pension funds, endowments, and other institutional investors.
In 4Q14, TPG-Axon Capital Management increased holdings in Huntsman (HUN), Allison Transmission Holdings (ALSN), KAR Auction Services (KAR), and Zynga (ZNGA).