Glenn Russell Dubin’s Highbridge Capital Management, has recently presented its Form 13F Filing for the first quarter of 2014 at the U.S. Securities and Exchange Commission. Over the three months ending on March 31, the fund started some 470 new positions, increased its stakes in more than 230 of its preexisting holdings, and sold out of around 480. In this article, I will take a look at five of Mr. Russell’s most important moves during the first quarter. Highbridge’s focus on services, technology and healthcare stocks continued through the first quarter, with services stocks accounting for more than 19% of…
Author: Javier Hasse
Tracking insider purchases can provide an investor with great ideas, just like keeping an eye on hedge fund moves. This is why, in this article, I will look into two companies in the energy segment that have seen their insiders buy more than $100,000 in their stock over the past week. Noble Corporation (NYSE:NE) is a $7.59 billion market cap offshore drilling contractor for the oil and gas industry. Its stock trades at only 8.5 times the company’s earnings, compared to an industry average P/E of 11.10, and pays a 5.02% dividend yield, while the business boasts above average margins and…
Since the beginning of the week, the tech sector was witness to several important insider purchases. So, in this article I will take a look at three big –and interesting- insider purchases within this segment. First off is National Instruments Corp (NASDAQ:NATI), a $3.47 billion market cap designer, manufacturer and marketer of computer-based instrumentation software and hardware products for scientists and engineers. On May 13, Loan Duy Le, Board Director, acquired 3,500 shares of Common Stock for $27.5688 per share. Following this transaction, in which he spent more than $96.000, Mr. Le owns 69,852 shares of the company. Amongst several…
I have dreamt more than once, like many others, about having access to Jim Simons’ investment formula, to his extremely complex mathematical models. As this is not an actual option, tracking his moves might be the second-best alternative. So, in this article, I will take a look at some of Renaissance Technologies’ most important moves over Q1 2014 (declared in the recently filed Form 13F). As it is usual amongst major funds, Renaissance Technologies’ focus on technology and services stocks continued through the first quarter. These two segments account for half of its portfolio’s value. One of the fund’s largest…
Yesterday George Soros’s Soros Fund Management, filed its Form 13F Filing for the first quarter of 2014 with the U.S. Securities and Exchange Commission. Over the three months ending on March 31st, the fund started 157 new stock positions, increased its stakes in more than 60 of its preexisting holdings, and sold out of 88 stocks. In this article, I will take a look at three of Mr. Soros’ bullish moves for Q1. Soros’ focus on technology stocks continued through the first quarter, with tech stocks accounting for more than 31% of its portfolio’s value. One of his bets on tech…
Last Wednesday, Robert Bishop’s Impala Asset Management, filed a Form 13F with the U.S. Securities and Exchange Commission, reporting its long equity positions as of the end of the first quarter of 2014. Over the three months ending on March 31, the fund started 12 new stock positions, and increased its stakes in 34 of its preexisting holdings. Let’s take a closer look at Mr. Bishops’s portfolio for Q1 2014, its top holdings and its new stakes. Impala’s top three holdings remained unchanged in rank, but the two largest, NVR, Inc. (NYSE:NVR) and Delta Air Lines, Inc. (NYSE:DAL), saw an increase…
On Wednesday, May 14th, Seth Klarman’s Baupost Group, presented its Form 13F Filing for the first quarter of 2014 at the U.S. Securities and Exchange Commission. Over the three months ending on March 31, the fund started only four new stock positions, but increased its stakes in several of its preexisting holdings. So, let’s take a look at Mr. Klarman’s portfolio for Q1 2014: Baupost Group’s strong focus on technology stocks continued through the first quarter, with tech stocks accounting for more than 53% of its portfolio’s value. Its most valuable position –which remained unchanged in relation to the previous…
Michael Platt and William Reeves’ Bluecrest Capital Management has filed a 13G form with the SEC, declaring an increase in its position at Hollywood Media Corporation (OTCMKTS:HOLL). The fund now owns about 2.85 million shares, which account for 12.6% of the company’s Common Stock, up from 528,400 shares declared in its last 13F filing. Bluecrest’s position is valued at more than $3.5 million. Hollywood Media Corporation (OTCMKTS:HOLL) is a $28 million market cap OTC Markets traded provider of online ticketing services. The company also derives revenues from advertising and book development license fees and royalties. Boasting great returns (ROE stands at 87.2%,…
In a 13G filing, Thomas Steyer’s Farallon Capital declared its ownership of 451,000 Shares of Gleacher & Company Inc (NASDAQ:GLCH), which represent 7.3% of the company’s Common Stock. This is a new holding for the fund, which valued at approximately $5.1 million, is placed amongst the smallest bets of the fund. Gleacher & Company Inc (NASDAQ:GLCH) is a $70 million market cap investment bank with no revenue-producing operations at the time. It previously operated an investment banking business, offering fixed-income sales and trading, and financial advisory services. Farallon’s filing follows the announcement of the company’s financial results for the first quarter.…
Wednesday, Thursday and Friday last week saw John Paulson’s Paulson & Co increase its stakes in Mallinckrodt PLC (NYSE:MNK) by 13%, spending more than $57 million in stock. Between May 7 and May 9, the fund acquired 786,207 ordinary shares, at prices ranging from $72.91 per share to $76.99, and now owns more than 6.72 million shares –up from 5.94 million held previously. The purchases both anticipated and followed the company’s last earnings call, which took place on May 8. Mallinckrodt PLC (NYSE:MNK) reported that its fiscal second-quarter profit fell 66%, mainly in account of a drop in revenue and increased restructuring…
Led by Alexander Roepers, Atlantic Investment Management significantly increased its position in Triumph Group Inc (NYSE:TGI). A recent 13D filing with the SEC shows that the fund now owns 2.81 million shares – 5.40% of the company’s total common stock outstanding. Previously, Atlantic Investment held around 205,000 shares of Triumph Group. The fund also upped its activist stake in Owens-Illinois Inc (NYSE:OI). The stake amounts to 8.80 million shares (5.30%) of the company, up from the earlier position of nearly 6.68 million. Triumph Aerostructures GroupTriumph Group Inc (NYSE:TGI) serves original equipment manufacturers of aircraft and aircraft components, commercial and regional airlines, and air cargo carriers. The company is engaged in…
Last Friday, May 9th, the Energy sector witnessed high insider activity. Amongst the stocks that insiders bought, a couple caught my eye in account of their below-average valuations coupled with generous dividend yields. Let’s take a look at these companies in order to elucidate if they could stand as attractive investment options (and, thus, deserve further research): First off is Kinder Morgan Inc (NYSE:KMI), a $33.3 billion market cap energy transportation and storage company, which saw its Chairman and CEO (and more than 10% owner), Richard D. Kinder, acquire 100,000 shares of Class P Common Stock. These shares were purchased…