Highlights of Luxor Capital Group’s holdings for 3Q14

Luxor Capital Group is a New York-based hedge fund managed by Christian Leone. The firm concentrates on generating absolute returns by investing in companies that are market leaders in their respective industries. Luxor Capital shorts the stock of those companies that are not strong in their fundamentals.

The number of stocks held by this hedge fund is 40.

Luxor Capital had a market portfolio of over $6.5 billion, according to the 13F filings for 3Q14. The portfolio size had increased by more than $1.5 billion from the second quarter of 2014.

The chart above lists some of Luxor Capital Group’s holdings for the third quarter. Top holdings included the SPDR S&P 500 ETF Trust, Voya Financial, and the SPDR Gold Trust ETF, which made up 34.87%, 5.70%, and 5.11%, respectively, of the total portfolio.

Luxor Capital’s new positions in 3Q14 included IAC/InterActiveCorp (IACI), Cheniere Energy Inc. (LNG), and Workday Inc. (WDAY). The fund sold its stakes in Melco Crown Entertainment (MPEL), Yahoo! Inc. (YHOO), and Apple Inc. (APPL). Luxor Capital increased its positions in 21^st Century Fox (FOX), Searchlight Minerals (SRCH), and Conn’s Inc. (CONN), while it decreased its positions in AMC Networks (AMCX) and RCS Capital Corp. (RCAP).

The next article in this series will explore Luxor Capital Group’s new position in IAC/InterActiveCorp.