Fidelity National Financial Inc
Seth Klarman’s Baupost Group sells its stake in British Petroleum
The Baupost Group pared almost half of its stake in British Petroleum (BP), which accounted for 7.80% of the fund’s total portfolio in 4Q 2013.
The Baupost Group buys stake in Fidelity National Financial
Fidelity National Financial Inc. (FNF) is a new position initiated by The Baupost Group last quarter. The position accounts for 1.82% of the fund’s 4Q portfolio.
CalPERS establishes new position in CBS Outdoor Americas
CBS Outdoor Americas is the largest provider of advertising space on out-of-home advertising structures and sites across the US, Canada, and Latin America.
Eminence Capital raises its position in Xoom
Increased mobile adoption of Xoom’s mobile products led Latin America revenue, which rose 48% YoY. Gross sending volume increased 29% YoY.
Glenview Capital increases stake in Fidelity National Financial
Glenview Capital Management added to its position in Fidelity National Financial (FNF) in the third quarter. Currently, the position accounts for 1.70% of the fund’s total portfolio.
CalPERS opens new position in Fidelity National Financial
Fidelity is the largest title insurance company in the United States. Fidelity’s FNFV segment includes a 51% stake in Remy, an automotive sector player, and a 55% ownership interest in American Blue Ribbon Holdings, which operates in the restaurant sector.
Seth Klarman’s Baupost Group buys a new stake in Cheniere Energy
The Baupost Group added a stake in Cheniere Energy Inc. (LNG) that accounted for 7.57% of the fund’s total portfolio. Cheniere Energy is a Houston-based energy company.
Analyzing Eminence Capital’s 13G filings
In 3Q14, Eminence Capital’s portfolio increased slightly to $6.83 billion, compared to $6.05 billion in the second quarter.
CalPERS hangs up on position in Vodafone
Vodafone is one of the world’s largest telecom companies. Its shares were up on fresh rumors in August that AT&T executives were working on a bid for the company.
CalPERS exits FEMSA – Mexican bottler, convenience-store owner
Founded in 1890 in Monterrey, Mexico, FEMSA is comprised of two complementary business units—Coca-Cola FEMSA, and FEMSA Comercio, a convenience-store operator.
CalPERS adds new position in Liberty Media
Liberty Media Corporation owns interests in a range of communications and entertainment businesses. Recently, the company completed the previously announced spin-off of its cable business, Liberty Broadband.
CalPERS adds new position in TRI Pointe Homes
TRI Pointe Homes is one of the top ten–largest public homebuilders by equity market capitalization in the US. The company reaffirmed its 2015 outlook for earnings per diluted share in the range of $1.25 to $1.40.
Highlights of CalPERS’ third-quarter 13F filing
CalPERS is the largest public pension fund in the US. It administers health and retirement benefits on behalf of 3,064 public school, local agency, and state employers.
Baupost invests in RF Micro Devices amid its merger with TriQuint
The Baupost Group initiated a position in RF Micro Devices Inc. (RFMD) that accounted for 1.25% of the fund’s total portfolio. Baupost also started a new position in RFMD’s peer and merger partner, TriQuint Semiconductor (TQNT).
The Baupost Group ups its stake in Idenix Pharmaceuticals
Idenix Pharmaceuticals (IDIX) accounted for a 6.25% position in Baupost’s fourth quarter portfolio. The hedge fund increased its stock holdings in Idenix last month.
Must-know highlights of the Baupost Group’s 1Q 2014 positions
Seth Klarman’s Baupost Group, LLC, returned $4 billion to clients at the end of last year. The fund is one of the best-performing hedge fund managers of all time, generating $21.5 billion in returns over its history.
What Do Moving Averages Indicate for KBE?
The SPDR S&P Bank ETF (KBE) has a market capitalization of $2.3 billion as of March 24, 2016. Its trading volume is $4.1 billion shares.
KBE Is Trading below Its Historical Moving Averages In 2016
KBE invests in a portfolio of publicly traded money centers and leading regional banks. About 80% of its holdings are concentrated in regional banks.
KBE Crossed below 100-Day Moving Average on December 29
The SPDR S&P Bank ETF (KBE) seeks to track the returns on the S&P Banks Select Industry Index. It has a market capitalization of $2.6 billion as of January 5.
KBE Crossed over Its 20-Day Moving Average on November 6
On November 6, 2015, KBE closed at $36.59, above its 100-day moving average of $33.34, its 50-day moving average of $34.08, and its 20-day moving average of $34.87.
Eminence Capital lowers position in Fidelity National Financial
In December 2014, Fidelity National Financial agreed to acquire BPG Holdings, a leader in home warranties, home inspections, and commercial inspections.
TIBCO Software gets reduced position in Eminence Capital
On December 5, 2014, Vista Equity Partners completed the acquisition of TIBCO for $4.3 billion, or $24 per share, in a cash transaction.
Seth Klarman’s Baupost Group raises its stake in PBF Energy
The Baupost Group raised its stake in PBF Energy Inc. (PBF) by 1,021,466 shares to own 1,976,606 shares at the end of the fourth quarter.
Seth Klarman’s Baupost Group buys stake in Kindred Biosciences
The Baupost Group opened a new position in animal health company Kindred Biosciences Inc. (KIN) that accounts for 0.92% of the fund’s $3.5 billion portfolio.
The Baupost Group buys a small position in Alon USA Partners
The Baupost Group added a small stake in Alon USA Partners LP (ALDW) that accounted for 0.16% of the fund’s total portfolio.
The Baupost Group’s 4Q13 positions: An investor’s must-know guide
Seth Klarman’s Baupost Group, LLC was ranked the fourth best-performing hedge fund manager of all time for generating $21.5 billion in returns over its history.