Luxor Capital’s new positions in 2Q14

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Luxor Capital’s new positions

Christian Leone’s Luxor Capital is a multi-billion dollar hedge fund based in New York. As of the end of 2Q14, the fund’s U.S. long portfolio was worth $5 billion, slightly down from $5.07 billion in 1Q14. In this series, we’ll go through some of the top positions the fund added during 2Q14 as well as the fund’s 13G and 13D filings since July.

Luxor filings

Luxor has taken activist positions in Altisource Asset Management Corp (AAMC), and Conn’s, Inc. (CONN) as per the fund’s 13D filings since August.

Luxor’s 13G filings since July revealed new positions in Orbitz Worldwide, Inc. (OWW), Overseas Shipholding Group (OSGB), and Eclipse Resources Corp (ECR). The fund raised its stakes in RCS Capital (RCAP), BJ’s Restaurants (BJRI), and Altisource Portfolio Solutions S.A. (ASPS).

For the quarter ending in June, Luxor’s top new positions were Melco Crown Entertainment (MPEL), Yahoo Inc. (YHOO), and Constellation Brands, Inc. (STZ). The top ten holdings in 2Q14 are outlined below.

Luxor top10

The next part of this series will focus on Luxor’s new positions in 2Q14, starting with casino company Melco Crown Entertainment.

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