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A key overview of Adage Capital’s holdings in 3Q14

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Adage Capital’s 3Q14 13F filing

Adage Capital Partners is a Boston-based hedge fund launched in 2001 by Robert Atchinson, Phil Gross, and other colleagues formerly with Harvard Management Company’s Select Equity Group. In this series, we’ll cover some of the top positions traded by the firm during the third quarter.

The fund’s US long portfolio grew from $38.69 billion in 2Q14 to $40.2 billion in 3Q14. The portfolio comprised around 699 stocks.

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Adage’s positions traded in 3Q14

Adage Capital added new positions in Shire Plc (SHPG), Mallinckrodt Plc (MNK), TRW Automotive Holdings Corp. (TRW), and Duke Energy Corp (DUK). It exited positions in AbbVie Inc (ABBV) and Kinder Morgan Inc (KMI). Notable position increases were Citigroup Inc. (C) and NiSource Inc. (NI).

Adage Capital manages S&P 500 assets mainly for endowments and foundations, including Harvard University, Northwestern University, the American Red Cross, and others. Harvard’s asset management group holds a minority interest in Adage. The firm is composed of a team of industry-specific portfolio managers that use fundamental intra-industry investment approaches to achieve its investment objectives.

In the next part, we’ll highlight Adage Capital’s new position in Shire Plc (SHPG).

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