Omega Advisors is a New York-based investment advisory firm founded in 1991 by Leon G. Cooperman. In this series, we’ll discuss the main positions traded by the firm in the second quarter of 2014 (or 2Q14) in its $7.57 billion U.S. long portfolio.
Larry Robbins’ Glenview Capital Management delivers attractive absolute returns through fundamental research and individual security selection. The size of Glenview’s portfolio increased from $15.2 billion in 1Q14 to $17.2 billion last quarter.
The casino business model entails a significant amount of leverage use, in which the effects could be magnified to have a positive impact on equity. Land-based casinos are inherently highly leverage businesses that usually need to build properties, whether they’re tribal casinos in Oklahoma or multipurpose complexes in Macau.
Carl Icahn is one of Wall Street’s most influential investors. He disclosed Icahn Associates Corp.’s 2Q14 positions through a 13F filing last month. The size of the U.S. long portfolio increased to $38.5 billion. It was $32.9 billion last quarter. Its only buy in the second quarter was Gannett Co. (GCI).
Despite stocks’ strong recent performance, investors may want to exercise a bit of caution going into the fall. Russ gives two reasons why.
Tiger Global Management filed its 13F with the SEC last month. The firm was founded by Charles Coleman. The hedge fund, Tiger Global, is managed by Feroz Dewan. The size of the fund’s U.S. long portfolio increased slightly from $7.3 billion to $7.8 billion in the second quarter.
Worried that the U.S. market is about to tilt into bubble territory? Though Russ doesn’t believe that U.S. equities are in a bubble yet, he highlights two sets of data investors can watch to gauge a bubble’s arrival.
D. E. Shaw is a New York-based $30-billion-plus quantitative hedge fund founded in 1988 by David E. Shaw, a former Columbia faculty member.
Paulson & Co., founded in 1994 by John Paulson, opened new positions in 2Q 2014. In this series, we’ll discuss some of the main positions the hedge fund traded during the quarter.
If you’re Matt Tucker, everything reminds you of investing, even the last barbecue of the summer. Read on to discover how your bond portfolio may very well resemble a Labor Day mixed grill.
Paul Singer’s Elliott Management, a New York hedge fund, disclosed new positions in a 13F filed this month. In this series, we’ll discuss some of the notable positions the $24 billion activist fund traded in the second quarter of 2014 (or 2Q14).
David Tepper’s Appaloosa Management initiated new positions and sold some existing positions in 2Q14. Appaloosa added positions in Mohawk Industries (MHK) and Weatherford International (WFT). It sold positions in Qualcomm Inc. (QCOM) and JPMorgan Chase (JPM). During the quarter, it increased its position in Facebook Inc. (FB) and General Motors (or GM).
Major central banks are no longer moving in lockstep. While the Fed is pulling back, other central banks are maintaining very easy monetary policy.
The stunning victory of Prime Minister Narendra Modi and his party in India’s recent election surpassed even the top end of expectations, helping Indian stocks rally 25% year-to-date.
Berkshire Hathaway, owned by Warren Buffett, is one of the world’s most prominent names in investing. The fund disclosed two new positions in its most recent 13F filing this month. The size of Berkshire Hathaway’s U.S. long portfolio increased slightly from $105 billion in 1Q14 to $107 billion in 2Q14.
The price-book value ratio is the ratio of the market value of equity to the book value of equity. Price stands for the current market price of a stock. Book value is the total assets minus liabilities, or net worth, which is the accounting measure of shareholders’ equity in the balance sheet.
With the Fed likely to begin raising rates in the first half of 2015, you may be wondering how to position your portfolio for the coming period of rate normalization.
According to Rick Rieder, Fed Chair Yellen’s Jackson Hole comments, along with the recently released Fed minutes, clearly show we’re at the beginning of a very significant period of transition for Fed monetary policy.
Activist investor Dan Loeb’s Third Point Partners LP revealed new positions and sales for 2Q14 in the fund’s 13F filing this month. The value of the fund’s U.S. long portfolio was up from $6.8 billion in 1Q14 to $8.1 billion in the second quarter.
JANA Partners’ positions included FMC Corp. (FMC) and Charter Communications (CHTR). The quarter also saw the fund taking activist positions in Apache Corp. (or APA) and PetSmart (or PETM).