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Stuart McKenzie

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Stuart McKenzie

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    Fund Managers

    AQR Capital Increases Holdings in Apple

    In 4Q14, AQR Capital raised its holdings in Apple (AAPL). AAPL constituted 1.46% of the fund’s fourth-quarter portfolio.

    By Stuart McKenzie
  • uploads///EOG_Capex
    Fund Managers

    AQR Capital Nearly Halves its Holdings in EOG Resources

    In 4Q14, AQR Capital lowered the number of shares held in EOG Resources (EOG). EOG accounted for 0.22% of the fund’s fourth-quarter portfolio.

    By Stuart McKenzie
  • uploads///NRG_Segments
    Fund Managers

    Oaktree Capital Sheds Nearly Half Its Holdings in NRG Energy

    NRG Energy is a US-based integrated retail electricity and wholesale power-generation firm. The company has 2.5 million residential customers across the US.

    By Stuart McKenzie
  • uploads///apple q
    Fund Managers

    Davidson Kempner Initiates Stake in Apple

    In February 2015, Apple announced its 1Q15 results and once again beat all analysts’ estimates.

    By Stuart McKenzie
  • uploads///Apple revenue growth
    Fund Managers

    Apple Delivers Strong Fiscal 2Q15 Financial Results

    Apple achieved robust results despite the currency headwinds playing a major role. Apple noted that the strong dollar impacted its revenue growth by 6% in fiscal 2Q15.

    By Stuart McKenzie
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    Fund Managers

    Oil Majors Keep New Projects Worth $200 billion on Ice

    Wood Mackenzie research shows that the oil majors have deferred more than 45 significant oil and gas projects since the beginning of the crude oil price collapse last year.

    By Stuart McKenzie
  • uploads///MBT_Strategy
    Fund Managers

    Mobile TeleSystems Nearly Dropped by Oaktree Capital

    Mobile TeleSystems is the leading retail network in Russia with the highest penetration of smartphones in the market.

    By Stuart McKenzie
  • uploads///TPG Axon_Top Positions
    Fund Managers

    TPG-Axon Capital Management Increases Four Positions in 4Q14

    In 4Q14, TPG-Axon Capital Management increased holdings in Huntsman (HUN), Allison Transmission Holdings (ALSN), KAR Auction Services (KAR), and Zynga (ZNGA).

    By Stuart McKenzie
  • uploads///Part_
    Fund Managers

    Smithwood Advisers and Hancock Sell Stakes in Energy in 1Q15

    Smithwood Advisers was among the hedge funds that sold their stakes in SandRidge Energy in 1Q15. Hancock Holding was one of the firms that sold stakes in Vaalco Energy.

    By Stuart McKenzie
  • uploads///Iridian_Position Changes_
    Fund Managers

    Highlights of Iridian Asset Management’s holdings: 13G filing

    In its recent 13G filing, Iridian Asset Management disclosed the sale of two of its major holdings and amendments to 14 of its prevailing positions.

    By Stuart McKenzie
  • uploads///Part_
    Fund Managers

    The Top Holdings of Major India-Focused ETFs

    The major constituents held by India-focused ETFs show a mixed bag. While ICICI Bank saw a total return of -8.74%, HDFC Bank’s gain stood at 13.22% since the start of 2015.

    By Stuart McKenzie
  • uploads///WTI vs HYG
    Fund Managers

    Credit Default Swaps as Insurance against Junk Bond Market Crash

    Carl Icahn mentions the use of credit default swaps as a form of protection against credit events. He implies that investors should possess sophisticated knowledge of the fixed income markets to enter that playing field.

    By Stuart McKenzie
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    Fund Managers

    Possibly Overbought Refiners Posted Losses Last Week

    US refiners have profited from access to cheaper crude oil inputs. But a series of refinery projects being ramped up in Latin America could stall exports.

    By Stuart McKenzie
  • uploads///MON
    Fund Managers

    Monsanto Is Dropped from TPG-Axon’s Portfolio

    Monsanto’s net sales for fiscal 2Q15 fell 11% on a year-over-year basis to $5.19 billion.

    By Stuart McKenzie
  • uploads///VC
    Fund Managers

    Visteon Is a New Addition to Highfields Capital’s 4Q14 Portfolio

    Visteon (VC) is a major global supplier of electronics, interiors and climate components, modules, and systems to original equipment manufacturers within the automotive industry.

    By Stuart McKenzie
  • uploads///STOR_Portfolio
    Fund Managers

    Store Capital Gets Added to Oaktree Capital’s Portfolio

    Oaktree Capital initiated a new position in Store Capital (STOR) by purchasing 82,148,645 shares in the company.

    By Stuart McKenzie
  • uploads///NTAP
    Fund Managers

    NetApp Dropped from Oaktree Capital’s Portfolio

    NetApp offers data management and storage systems, software, and services. NetApp increased its stock repurchase program by an additional $2.5 billion.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Shell Reports Sharp Fall in 2Q15 Profit but Makes Daring Moves

    Oil giant Royal Dutch Shell reported a 2Q15 profit of $3.4 billion, a 33% fall from $5.1 billion over 2Q14 using a current cost of supplies basis.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    China May Cause Saudi Arabia to Cut Official Prices of Crude Oil

    Russia and Saudi Arabia will have to offer more competitive prices in order to maintain market share in China. This implies that the Saudis may cut prices soon for crudes to Asian refiners.

    By Stuart McKenzie
  • uploads///Mobile payment transaction value
    Fund Managers

    Apple’s Fiscal 2Q15 Reflects Innovation: Apple Pay, Apple Watch

    Best Buy to support Apple Pay in 2H15 As discussed in our article Best Buy Will Support Apple Pay in 2H15, during its fiscal 2Q15 earnings call, Apple’s (AAPL) management noted that Best Buy (BBY) will start supporting the Apple Pay service at its retail outlets across the US. Consumers can use Apple Pay at Best Buy […]

    By Stuart McKenzie
  • uploads///SHPG
    Fund Managers

    Shire Gets Dropped from AQR Capital’s Portfolio

    During the fourth quarter of 2014, AQR Capital closed its position in Shire plc (SHPG). The fund sold its entire stake of 816,116 shares in the company.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Hedge Funds Turn Bearish on Crude Oil

    As per data from the U.S. Commodity Futures Trading Commission, hedge funds and other asset managers have turned extremely bearish on oil prices.

    By Stuart McKenzie
  • uploads///Delphi_Business Model
    Fund Managers

    AQR Capital Initiates Stake in Delphi Automotive

    AQR Capital commenced a position in Delphi Automotive (DLPH). DLPH stock represented 0.32% of the fund’s 4Q14 portfolio.

    By Stuart McKenzie
  • uploads///BID_Principal Results
    Fund Managers

    Revenue for Principal Segment of Sotheby’s More Than Doubles

    The Principal segment of Sotheby’s more than doubled its revenue to $70 million in 2014 from $30.6 million in 2013.

    By Stuart McKenzie
  • uploads///Dynegy  results
    Fund Managers

    Oaktree Capital Enhances its Position in Dynegy by 28%

    Dynegy offers wholesale power and ancillary services to municipalities, cooperatives, utilities, and other energy firms in five US states.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Oil Companies See Massive Recent Insider Purchases

    Diamond Offshore Drilling, Exxon Mobil, and Occidental Petroleum saw insider purchases worth ~$4.9 million, $400,000, and $870,000, respectively. These firms constitute ~20% of the Energy Select Sector SPDR ETF (XLE).

    By Stuart McKenzie
  • uploads///Icahn holdings
    Fund Managers

    Icahn’s 4Q14, Historical Holdings Show Robust Confidence in Apple

    Carl Icahn added Apple to his portfolio in September 2013, purchasing ~27 million shares. Since March 2014, the fund has maintained its holdings at ~53 million shares.

    By Stuart McKenzie
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    Fund Managers

    Some Hedge Funds Suffer Massive Losses on Energy Stocks

    Hedge fund investors David Einhorn and Carl Icahn placed massive bets on energy, which has proven to be a costly mistake so far. Oil has fallen from more than $100 per barrel in the summer of 2014 to its present ~$40 per barrel levels.

    By Stuart McKenzie
  • uploads///Net Long Position
    Fund Managers

    Hedge Funds Benefit from Rally in the Week Ended August 28

    Hedge funds boosted their net long position in WTI crude by 6.2% in the week ended August 28 and benefited from the rally toward the end of the week.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Crude Oil Demand Growth Is at a 5-Year High, Yet Recovery Lags

    According to the IEA, the drop in oil prices below $50 per barrel is causing a sharp increase in the demand for oil. The IEA carried out a sharp upgrade of the forecast for the growth of oil consumption.

    By Stuart McKenzie
  • uploads///Rep_Junk Bonds
    Fund Managers

    Junk Firms Find the Availability of Cheap Debt Waning

    Until now, energy drilling firms were offering bonds for postponing a cash deficit. These firms could witness greatly reduced access to debt capital markets.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    US Economy Boosts XLE Subsectors in the Week Ended August 28

    Energy ETFs such as the Energy Select Sector SPDR ETF (XLE) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) posted weekly gains last week.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Why the Timing of the Oil Price Collapse Couldn’t Be Any Worse

    The US energy sector hoped for a rebound in April 2015, when oil rose to $60. Given the recent drop to $40, the mood in the industry seems somber.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    ExxonMobil’s 2Q15 Earnings Halved

    ExxonMobil (XOM), one of the largest US oil companies, reported 2Q15 earnings last Friday, which were the firm’s lowest earnings in more than five years.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Oil Drillers Posted Marginal Gains and Coal Tanked Last Week

    Oil drillers in XLE, represented by firms such as Diamond Offshore Drilling (DO) and Transocean (RIG), posted gains last week.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Money Managers Boost Bullish Exposure to Crude Oil

    There was a fall of more than 25% in the net long position held in WTI crude oil for the week ended July 21, 2015.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Are Exploration and Production Firms within the XLE ETF Oversold?

    Several exploration and production firms within the Energy Select Sector SPDR Fund (XLE) have RSI values of less than 30, implying that they are possibly oversold.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    How Some Small Oil Drillers Are Outperforming Exxon and Chevron

    The stock buoyancy of shale oil drillers such as EOG Resources (EOG) suggests investors are betting on an oil and gas rebound.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    US Crude Production Dropped in Week Ended July 24, but Why?

    According to data from the U.S. Energy Information Administration, US crude production dropped to 9.4 million barrels per day in the week ended July 24.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Storage and Transportation Subsector Rose Marginally Last Week

    The storage and transportation subsector within XLE rose by 0.66% during the week. Spectra Energy (SE) and Kinder Morgan (KMI) were the best and worst performers, respectively, in this subsector.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    BP Posts 2Q15 Loss: Spoilsports Are Sluggish Demand and Oil Spill

    BP has reported a 2Q15 loss of $5.8 billion. The company attributed the losses to charges involved in the Gulf of Mexico oil spill in 2010 and low crude oil prices.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Some Hedge Fund Small-Cap Energy Stocks Have Been Free Falling

    According to Bloomberg, there was a 34% fall in small-cap shares over the past three months. The stocks saw a 24% fall since June 26, a series of losses over four straight weeks.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Greenlight Capital Boosts Stake in Consol Energy

    Consol Energy posted a net loss of $603 million for 2Q15, which translates to a loss of $2.64 per diluted share. In 2Q14, the company posted a net loss of $25 million.

    By Stuart McKenzie
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    Fund Managers

    Energy Sector ETFs Mostly Post Losses in the Week Ended July 24

    The coal subsector within the Energy Select Sector SPDR ETF (XLE), represented solely by Consol Energy (CNX), rose by 2.5% last week.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Why Carl Icahn Upped Stakes in Struggling Chesapeake Energy

    Oil and gas drilling firm Chesapeake Energy (CHK) is cutting its common stock dividend in order to maintain capital expenditure in the wake of a sharp nosedive in energy prices.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Refiners Edge Toward Upper Bollinger Band, Possibly Overbought

    Prices for refiners such as Marathon Petroleum Corp and Tesoro edge more toward the upper Bollinger band. This indicates a possibly overbought state of these stocks.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Why Coal Firms Face a Bleak Future

    Not surprisingly, US coal firms have fared poorly during the bull market over the past five years. Moody’s has labeled most publicly traded debt belonging to coal firms as “junk.”

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Hedge Fund–Like Mutual Funds Lose Appeal as Investors Pull Out

    Hedge fund–like mutual funds invited just over $1 billion until May 2015, as opposed to $39 billion during 2014 and a massive $96 billion during 2013.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Refiner Tesoro Posts Gains despite Weak Oil Prices

    Refiners such as Tesoro and Marathon Petroleum (MPC) have access to inexpensive crude. Since most US exports of oil are banned, a large portion of oil from shale regions is landlocked.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Comstock Suffered a Major Fall in Its Share Price

    Comstock Resources (CRK) has relatively lower total producing costs. However, the firm doesn’t have a strong balance sheet position.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Key for Investors: There’s Still Hope for Crude Oil

    With dwindling drilling activity, firms might see rising consolidations as the weaker firms lose out on financing options. As a result, US crude oil output could tighten.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Why Bearish Trends Are Expected to Continue in Crude Oil

    US oil inventories experienced a rise for the second time in the past couple of months. WTI crude oil is close to its lowest level in the last three months.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Anadarko Petroleum: A Top Energy Company in 1Q15

    Anadarko Petroleum (APC) was among the energy companies with the most new filings by hedge funds in 1Q15. Whiting Petroleum had the highest weekly losses.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Crude Oil Refiners Expected to Benefit from Lower Oil Prices

    The anticipated addition to global oil supply as an outcome of an amicable resolution to talks with Iran is expected to push oil prices lower, potentially boding well for US refiners.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Hedge Funds Cut Oil Positions for 7th Week in a Row

    Following large accumulations of positions in Brent in May, hedge funds have slowly been cutting down on this bet on oil.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Greece Crisis and Iran Talks Weigh Down Oil Prices

    Further weakness is expected as the Greece crisis will remain unresolved until a referendum.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Commodity-Focused Hedge Fund Indices Exhibit Mixed Results

    The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) was the best performer in the energy sector in terms of year-to-date returns in the week ending June 26.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    The Market Put a Premium on Large Caps with Strong Margin Growth

    Large-cap energy stocks with above-average margin growth mostly outperformed peers last week.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    A Breakdown of XLE’s Market Capitalization by Subsector

    The Energy Select Sector SPDR Fund (XLE) is primarily composed of large-cap stocks.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Price-to-Earnings Ratio Trends and Trades in XLE Stocks

    The rise in price-to-earnings ratios is indicative of investor preference towards storage during contango oil and gas markets.

    By Stuart McKenzie
  • uploads///Part_
    Fund Managers

    SandRidge’s Proved Reserves in 1Q15: More Than Meets the Eye

    SandRidge’s proved resources for 2014 rose 37% to 516 MMBOE (million barrels of oil equivalent). They were estimated to be $5.5 billion.

    By Stuart McKenzie
  • uploads///Part_
    Fund Managers

    Does Performance in Oil Stocks Correlate with Hedging Activity?

    The US rig count fell by 40% compared to a year ago, but 9.6 million bpd were still pumped in the United States, the highest since 1970. Hedging by oil companies has helped.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Mixed Economic Results from China Add to Sluggishness in Oil

    China is one of the largest consumers of oil in the world. Its economic growth is vital for a boost in the global demand for oil. PMI came in at 49.2 in May, below the critical value of 50.

    By Stuart McKenzie
  • uploads///Part_
    Fund Managers

    Oil Woes Pummel Vaalco in 1Q15, but Hope Remains for a Rebound

    Vaalco Energy’s (EGY) revenues declined to $18.2 million in 1Q15, from $28.1 million in 1Q14. This translated to a diluted net loss per share of $0.67, down from $0.12 per share in 1Q14.

    By Stuart McKenzie
  • uploads///Part_
    Fund Managers

    Rising Dollar and Oversupply in June Set Long-Term Trends in Oil

    Crude oil prices are feeling the pressure as the US dollar rises and expectations linger over whether oil production will stay high with OPEC. This is a reason to worry about oversupply.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Och–Ziff Lowers Exposure to Energy Firms by ~$314 Million

    Och–Ziff Capital Management either reduced or sold its stakes held in energy companies, amounting to at least $314 million.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Transocean Beats 1Q15 Forecast but Is Still Plagued by Oil Woes

    Transocean (RIG) posted strong 1Q15 financial results with revenues of $2.04 billion, beating the forecast of $1.91 billion. EPS was $1.10, much higher than the estimated $0.60.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Investors in Oil ETFs Rush to Sell Holdings in April and May

    Market weakness is expected amid heavy selling by oil ETFs. The general outflows associated with oil ETFs signal a negative investor sentiment.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    May 19 Was a Bad Day for the Worst Performing Energy Companies

    ETFs decreased or closed their positions in energy companies rather than increase or initiate a new stake last week. This signals a weak outlook for energy companies.

    By Stuart McKenzie
  • uploads///Part __Oil Prices and BSE
    Fund Managers

    India’s Foreign Investors Upset about Minimum Alternate Tax Rules

    Indian markets have experienced a massive drain of foreign funds since April, mostly fueled by uncertainty over the minimum alternate tax rules.

    By Stuart McKenzie
  • uploads///EOG_Capex
    Fund Managers

    Carl Icahn Sees Gloomy Short-Term Outlook for the Energy Sector

    Icahn mentioned that although the short-term outlook for the energy sector is bad, the sector as a whole could make a comeback in a couple of years.

    By Stuart McKenzie
  • uploads///US Issued HY Bond Index
    Fund Managers

    Carl Icahn’s Warning About the High Yield Bond Market Bubble

    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.

    By Stuart McKenzie
  • uploads///HAL
    Fund Managers

    Halliburton Witnesses a 63% Drop in AQR Capital’s Portfolio

    In 4Q14, AQR Capital lowered its holdings in Halliburton (HAL). HAL formed 0.1% of the fund’s fourth-quarter portfolio.

    By Stuart McKenzie
  • uploads///PSX_Net Income
    Fund Managers

    AQR Capital Trims Phillips 66 Position by 28%

    In 4Q14, AQR Capital lowered its holdings in Phillips 66 (PSX). The company formed 0.32% of the fund’s fourth-quarter portfolio.

    By Stuart McKenzie
  • uploads///FB_DAU
    Fund Managers

    AQR Capital Lowers Holdings in Facebook by 27%

    In 4Q14, AQR Capital lowered its holdings in Facebook (FB). FB made up 0.49% of the fund’s fourth-quarter portfolio.

    By Stuart McKenzie
  • uploads///SLB_Rig Footprint
    Fund Managers

    AQR Capital Slashes Holdings in Schlumberger by 84%

    In 4Q14, AQR Capital decreased its stake in Schlumberger (SLB). SLB formed 0.03% of the fund’s fourth-quarter portfolio.

    By Stuart McKenzie
  • uploads///PCLN_Revenues
    Fund Managers

    AQR Capital Lowers Holdings in Priceline Group by a Massive 82%

    In 4Q14, AQR Capital nearly closed its position in the Priceline Group (PCLN). PCLN formed 0.04% of the fund’s fourth-quarter portfolio.

    By Stuart McKenzie
  • uploads///CDK
    Fund Managers

    OZ Management Opens New Position in CDK Global

    OZ Management commenced a stake in CDK Global Inc. (CDK) by purchasing 4,521,952 shares of the company, representing 0.5% of the fund’s 4Q14 portfolio.

    By Stuart McKenzie
  • uploads///DIRECTV
    Fund Managers

    DIRECTV is New Holding in OZ Management’s Portfolio

    OZ Management initiated a new stake in DIRECTV (DTV) by purchasing 3,823,963 shares of the company, representing 0.89% of the fund’s 4Q14 portfolio.

    By Stuart McKenzie
  • uploads///ENDP_BBG
    Fund Managers

    Endo International, a New Position for OZ Management

    In 4Q14, Oz Management added a new stake in Endo International plc (ENDP) by purchasing 5,221,710 shares, representing 1.01% of the fund’s 4Q14 portfolio.

    By Stuart McKenzie
  • uploads///CMCSA
    Fund Managers

    OZ Management Initiates Stake in Comcast

    OZ Management initiated a new position in Comcast (CMCSA) in 4Q14 by purchasing 8,063,097 Comcast shares, representing 1.26% of the fund’s 4Q14 portfolio.

    By Stuart McKenzie
  • uploads///OZ Management_Top Holdings
    Fund Managers

    OZ Management’s New Positions in 4Q14

    In 4Q14, OZ Management initiated new positions in Comcast (CMCSA), Yahoo! (YHOO), Endo International plc (ENDP), DIRECTV (DTV), and CDK Global Inc. (CDK).

    By Stuart McKenzie
  • uploads///BABA
    Fund Managers

    TPG-Axon Closes Its Position in Alibaba Group

    Alibaba’s fiscal 3Q15 revenue grew by 40% YoY (year-over-year) to $4.22 billion, but missed consensus estimates of $4.45 billion.

    By Stuart McKenzie
  • uploads///ZNGA_Mobile
    Fund Managers

    TPG-Axon Ups Its Position in Zynga by 36%

    TPG-Axon raised its position in Zynga (ZNGA) by increasing shares from 16,303,598 in 3Q14 to 22,124,546 in 4Q14. This represents an increase of 36%.

    By Stuart McKenzie
  • uploads///KAR_Fin Stats
    Fund Managers

    KAR Auction Services Gets Bumped Up Slightly by TPG-Axon

    TPX-Axon added to its holdings in KAR Auction Services (KAR) by increasing shares from 4,889,498 to 4,978,837. KAR forms 12.95% of the fund’s 4Q14 portfolio.

    By Stuart McKenzie
  • uploads///ALSN_FinStats
    Fund Managers

    Allison Transmission Gets a 79% Boost in TPG-Axon’s 4Q Portfolio

    TPG-Axon boosted its holdings in Allison Transmission Holdings (ALSN) in 4Q14, increasing the number of shares a whopping 79%.

    By Stuart McKenzie
  • uploads///Flextronics_Financial Snapshot
    Fund Managers

    AQR Capital Begins a Position in Flextronics International

    AQR Capital commenced a position in Flextronics International (FLEX). FLEX represented 0.3% of the fund’s 4Q14 portfolio.

    By Stuart McKenzie
  • uploads///TEL_Highlights
    Fund Managers

    TE Connectivity Is a New Addition to AQR Capital’s Portfolio

    According to its 13F filing, AQR Capital initiated a position in TE Connectivity (TEL) in 4Q14. TEL stock represented 0.39% of the fund’s 4Q14 portfolio.

    By Stuart McKenzie
  • uploads///M_FinStats
    Fund Managers

    TPG-Axon Capital Management Drops Its Position in Macy’s

    TPG-Axon dropped its position in Macy’s (M) by selling its entire stake of 2,003,586 shares in the company.

    By Stuart McKenzie
  • uploads///LYB_Financials
    Fund Managers

    AQR Capital Commences Stake in LyondellBasell Industries

    In 4Q14, AQR Capital initiated a position in LyondellBasell Industries (LYB). The position formed 0.61% of the fund’s total fourth-quarter portfolio.

    By Stuart McKenzie
  • uploads///AQR Capital_Top Holdings
    Fund Managers

    AQR Capital Trades Key Positions in its 4Q14 Portfolio

    The size of the AQR Capital Management’s portfolio was $48.2 billion in 4Q14, up from $36.4 billion in 3Q14.

    By Stuart McKenzie
  • uploads///TPG Axon_Top Positions
    Fund Managers

    Highlights of TPG-Axon Management’s Dropped Positions in 4Q14

    In 4Q14, TPG-Axon sold its stakes in Macy’s (M), Monsanto (MON), Alibaba Group Holding (BABA), and Vantiv (VNTV).

    By Stuart McKenzie
  • uploads///AXTA
    Fund Managers

    TPG-Axon Opens a New Position in Axalta Coating

    TPG-Axon Management initiated a new position in Axalta Coating Systems Ltd (AXTA) by purchasing 2,409,701 shares of the company, representing 4.7% of the fund’s 4Q14 portfolio.

    By Stuart McKenzie
  • uploads///TPG Axon_Top Positions
    Fund Managers

    What Positions Did TPG-Axon Management Add in 4Q14?

    In 4Q14, TPG-Axon Management initiated stakes in Air Lease Corporation (AL), Axalta Coatings Systems Ltd. (AXTA), IMS Health Holdings Inc. (IMS), and Ubiquiti Networks Inc. (UBNT).

    By Stuart McKenzie
  • uploads///HTZ
    Fund Managers

    Highfields Capital Lowers Its Stake in Hertz Global Holdings

    Highfields Capital lowered its holdings in Hertz Global Holdings (HTZ) as per its recent 13F filing.

    By Stuart McKenzie
  • uploads///TSM_Revenue Breakdown
    Fund Managers

    Oaktree Capital Ups Stake in Taiwan Semiconductor Manufacturing

    Taiwan Semiconductor Manufacturing is involved in the distribution, manufacturing, development, and research of products related to integrated circuits.

    By Stuart McKenzie
  • uploads///Ally Financial_Key Facts
    Fund Managers

    Oaktree Capital Boosts Holdings in Ally Financial

    Ally Financial joined TARP in 2008 as part of an effort to stabilize the US auto industry. The firm went on to become a major provider of auto finance.

    By Stuart McKenzie
  • uploads///Telefonica Brasil_Stats
    Fund Managers

    Oaktree Capital Bids Farewell to Telefonica Brasil

    Telefonica Brasil is the largest telecom company in Brazil and is the subsidiary of Spanish telecom company, Telefonica (TEF).

    By Stuart McKenzie
  • uploads///EMC
    Fund Managers

    Oaktree Capital Lets Go of EMC

    EMC, via innovative services and products, seeks to accelerate the adoption of cloud computing. In 2014, EMC returned $3.9 billion to its shareholders.

    By Stuart McKenzie
  • uploads///GS
    Fund Managers

    Highfields Capital Exits Goldman Sachs

    Goldman Sachs is a global investment management, securities, and investment banking firm that offers a wide array of financial services to a diversified and substantial client base.

    By Stuart McKenzie
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