Hedge funds filed their Q1 equity holdings over the last couple of days. While many of the stock picks and exits were expected, like everyone buying Hess Corp. (NYSE:HES) and Dell Inc. (NASDAQ:DELL) which are targets of proxy fights from their famous shareholders, there are also some moves that stood out. Here are the surprise buys/sells from the top investors in hedge fund industry. Loeb Exits Morgan Stanley, Already! If we look at Dan...
Read More »
David Tepper, founder of Appaloosa Management filed 13f with SEC today. Tepper was on CNBC’s Squawk Box yesterday and talked about how bullish he is on the equity market and sees no near term chances of correction. David Tepper has been a long-only investor in equities for a while now—in his public equities portfolio, the top five positions are in Citigroup Inc (NYSE:C), United Continental Holdings Inc (NYSE:UAL), Apple Inc. (NASDAQ:AAPL), QUALCOMM, Inc. (NASDAQ:QCOM) and The Goodyear Tire & Rubber...
Read More »
By: greenbackd David Tepper was on CNBC this morning arguing that stocks are historically cheap: said the post showed “when the equity risk premium is high historically, you get better returns after that.” He continued, “So we’re at one of the highest all-time risk premiums in history.” In making his argument Tepper referred to this article, Are Stocks Cheap? A Review of the Evidence, in which Fernando Duarte and Carlo Rosa argue that stocks are cheap...
Read More »
David Tepper is decidedly optimistic about the equity markets and sees ‘overwhelming’ signs that they will remain pumped up in the future. Tepper, founder of Appaloosa Management, was speaking on CNBC ‘s Squawk Box, said that the bullish trends are so pronounced that he is nervous to short anything. Watch the full video here. David Tepper Bullish Everywhere This is not the first time Tepper has expressed such views. He is known for being...
Read More »
David Tepper, Appaloosa Management founder & CIO, explains why he is definitely “bullish” on the stock market. “The numbers are truly amazing,” he added. David Tepper was on CNBC this morning discussing his views on stocks and his lukewarm videos on Apple. David Tepper CNBC interview videos and transcript below H/T Value Investing World i’m definitely bullish. look, ever see the movie cousin vinnie? i did. years ago. when i was a yute. so...
Read More »
The top earning hedge fund managers of 2012 compiled by Institutional Investor Alpha ranks David Tepper of Appaloosa Management at the top earning hedge fund managers list with a net profit of $2.2 billion in 2012. Ray Dalio comes in at the second place with $1.7 billion in earnings which makes this his third consecutive entry in the top three earners in the past three years. Despite the notorious insider trading scandal, Steve Cohen of S.A.C Capital takes the third spot with...
Read More »
Lets take a look at how the major hegde funds have performed through the year so far. Equity Long/Short and Event Driven hedge funds have mostly had brilliant returns through this year; a star example would be Dan Loeb’s Third Point Ultra, an event driven fund, which had gained 11.4 percent till March 6. On the other hand two of Paulson’s funds detracted, Paulson Advantage and Advantage Plus posted a loss of 2.6 and...
Read More »
Forbes’ annual list of the 40 highest-earning hedge fund managers and traders is out, and David Tepper took the top spot. Tepper’s hedge fund, Appaloosa Management, had net returns of almost 30 percent during 2012 and Tepper’s share was $2.2 billion. David Tepper’s achievements last year are especially significant because the average hedge fund underperformed the stock market in the U.S. during the year. When you compare the highest earner list with the lowest earner list,...
Read More »
Dan Loeb’s Third Point LLC has filed its 13F for the last three months of 2012. In the period Loeb’s hedge fund sold its entire stake in Apple Inc. (NASDAQ:AAPL), the opposite moves of several other fund managers. The firm dissolved several positions during the last three months of the year, and added just one new position. Loeb held 710,000 shares in Apple Inc. (NASDAQ:AAPL) at the end of the third quarter of 2012....
Read More »
David Tepper, founder of Appaloosa Management, put out for bid $400 million of hybrids for HBOS PLC (HBOS), The Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) and Commerzbank, FOX Business Network’s (FBN) Charlie Gasparino reports. Gasparino goes on to report that this indicates he might be turning bearish on financials due to some headwinds surrounding trouble in Europe. On the $400 million of hybrid bank securities Appaloosa founder David Tepper put out for bid: “What happened with Tepper this...
Read More »
We finally have the year-end returns from HSBC Holdings plc (LON:HSBA) (NYSE:HBC)’s Hedge Weekly, so here is the list of best and worst performing hedge funds of 2012. In 2011, the highest gaining hedge funds were mostly located in UK/ Europe, but this year is different as we see big names like Dan Loeb, David Tepper, Leon Cooperman and Steve Kuhn in the top order. The S&P 500 (INDEXSP:.INX) rose 13 percent last year and...
Read More »
