13F roundup below and remember to read these two links before checking out the post – via Cantor Fitzgerald
Q3 2016 Hedge Fund Letters
Hedge fund Letters Vs 13F Filings
APPALOOSA MANAGEMENT
New stakes in FB, AAPL, YHOO, TPX, BAC, CFG, QCOM, PNC, VMW, DAL
Boosts KMI, GT, GLBL, HCA, ETP, HDS
Cuts LUV, NXPI, GOOG, SYF, GM, WHR, MHK, HAIN, WMIH, ALL
No longer shows FOXA, CYH, TGI, IR, FOX, PPG, QHC
BAUPOST GROUP
[klarman]
New stakes in SYF, NSAM, ODP, CPAA
Boosts PBF, FOXA
Cuts OLN, INVA, VMW, OREX, PYPL, KIN, LNG
No longer shows C, CAR, OZM
BLUEMOUNTAIN
New stakes in KLAC, SHPG, NXST, SAEX, XPO, TWNK, MRO
Boosts SYMC, CI, LRCX, MYGN, TV, KSS, ALSN, WST, URI
Cuts MBLY, ARMK, AVGO, APD, BBY, TPX, AGN, IAC
No longer shows MDVN, WLTW, VRNT, FNG, JWN, CCE, BIOS
BERKSHIRE HATHAWAY
New stakes in AAL, QSR, DAL, UAL
Boosts CHTR, PSX, LBTYA, V, WBC, BK
Cuts WMT, KMI, DE
No longer shows SU, QSR, MEG
Dr. David Kass an expert on Berkshire Hathaway and a professor at University of Maryland’s Robert H. Smith School of Business notes:
Since Warren Buffett in the past has promised to never again invest in airlines after an unpleasant earlier experience investing in USAir Preferred stock, it is likely that the current airline investments were made by one or both of Mr. Buffett’s portfolio managers, Todd Combs and/or Ted Weschler. Also, the relatively small size (less than $1 billion) of each of these investments would indicate that Mr. Buffett’s deputies had made them.
BRIDGEWATER ASSOCIATES
New stakes in SWN, ENDP, IBM, RCI, CAG, TU, UPS, LB, JCP
Boosts AAPL, INTC, MSFT, CSCO, CPB, AMAT
Cuts GG, ABC, ADS, AEM, SPLS, LYB, BIIB, FDX, JNJ, TOL
No longer shows ABX, MET, MRK, PH, CVS, PEP, LNC, NTAP, RCL, PVH
CORVEX MANAGEMENT
New stakes in JCI, CCE, JPM, HAIN, TMUS, BAC, CSOD, BIIB
Boosts ZAYO, PAH, MPC, COMM, TMH, SIG
Cuts WMB, BEAV, BLL
No longer shows VER, GOOGL, KSU
ELLIOTT MANAGEMENT
New stakes in MPC, ECA, GEO, CXW, RAD, GPI, ABG
Boosts AA, SYMC, MENT, IMPV, LOCK, BBL, MITL, HLF, IPG
Cuts FTNT, NE, FBIO, CAB
No longer shows CNP, SBS, PAY, NBHC, QLYS, CYBR, SPSC, RNG, QEP, EGN
EMINENCE CAPITAL
New stakes in DNKN, CBG, EXPE, CTRP, FTNT, COMM, MENT
Boosts ADSK, HUM, CF, WEN, YHOO, ARRS, MS, ANTM, ZNGA, GPI
Cuts BIDU, TTWO, CAA, FCE/A, SPGI, BERY, CCE, ICE, PTC, KAR
No longer shows FOSL, DLTR, TRIP, LGF, AMBA, SJM
ETON PARK CAPITAL
New stakes in FANG, TWTR, GOOG, KMI, CAB, IMPV
Boosts MSFT, CLR, MHK, AMZN
Cuts SYT, WB, SBAC, AFI, SINA, ADBE
No longer shows CRTO, ODP, ECR
GLENVIEW CAPITAL MANAGEMENT
New stakes in UHS, TWX, ENDP, PAH, AAPL, HPE, CCE, BEAV, TLRD, WLTW
Boosts CBS, ANTM, Q, HUM, WMB, HCA, FDC, CSC, ESRX
Cuts ABBV, LH, HTZ, TEVA, CHTR, FLEX, MAN, VER, FMC, CI
No longer shows WOOF, FIS, SBAC, TMUS, SYT
GREENLIGHT CAPITAL
New stakes in X, GEO
Boosts AER, CPN, UHAL, MYL, VOYA, RAD
Cuts KORS, AAPL, TTWO, TWX, ACM, TPH, AGR, DSW, QHC
No longer shows FOXA, HUM, PRGO, ABC, HTZ, CYH, LAMR, VOD
Activist Stocks notes
David Einhorn and his Greenlight Capital shook up its portfolio last quarter per his 13F. The most notable move was the selloff of his top holding, Apple. Einhorn dumped nearly a quarter of his AAPL position – although still Greenlight’s top holding.
Einhorn also reduced his stake in CONSOL Energy and Time Warner – both sizable reductions. Its major new stake is US Steel – although not in the top 10.
Notable complete reductions for Greenlight include Hertz Global. Good timing there as HTZ shares have tanked. Einhorn also reduced its stake in Yahoo.
Here’s the top 10 for Einhorn’s portfolio:
From Dataroma
HAYMAN CAPITAL MANAGEMENT
Cuts NMIH
HIGHFIELDS CAPITAL MANAGEMENT
New stakes in RAD, HSY, LBTYA, COST, SYT, HRI, PDCE, TRU, AA
Boosts HLT, BEN, MAR, APC, SU, CF, MIK
Cuts TEVA, WBA, WMB, MSFT, HTZ, PFE, CBS, TRIP, TSLA
No longer shows PEP, BP, RDS/B, GG, GS, SWN, VRX, CC
ICAHN ASSOCIATES
Boosts LF, HTZ, IEP
Cuts AGN, NUAN, CVRR
No longer shows CHK, RIG
ICONIQ CAPITAL
New stakes in ADSK, RH
Boosts JD
Cuts FB
No longer shows TSLA
JANA PARTNERS
New stakes in UHS, PCLN, MDLZ, VIAB, TWTR, SEM, VVV, KATE
Boosts HDS, JCI, WLTW, CSC, HPE, MPC, HRS
Cuts GOOG, LBRDK, CCE, CAG, USFD, CSRA, GPK
No longer shows WBA, MSFT, EXPE, PF, AN, ADS, SYF, BERY, ASH, RACE
LONE PINE CAPITAL
New stakes in EBAY, EXPE, BABA, TV, AVGO, HLT, ICE, KMI, WMB, ALGN
Boosts EA, ATVI, CHTR, VMC, COMM, DLTR, MNST
Cuts PCLN, FB, V, LULU, YUM, EQIX, STZ, SHPG, ULTA, MHK
No longer shows NOC, BUD, MA, PYPL, SHW, PXD, ANET, GOOGL, AXP
LONG POND CAPITAL
New stakes in WFC, GGP, SHW, CAA, CZR, MPW
Boosts EQR, ESS, LEN, MAR, INXN, MSG, BYD
Cuts TCO, H, FCE/A, MTH, LQ, PGRE, BXMT, HLT
No longer shows CBG, KEY, SFR, BPOP, CFG, BLDR, SRC, PFSI
MARCATO CAPITAL
New stakes in BWLD, IAC, ADS, TEX, AIRM, FC, PNK, RH, HMTV
Boosts CSC, VRTS, ABTL, BLDR, LIND
Cuts BK, SIG, URI, LBRDK, M, CBPX, LBRDA, HZN, GT, BID
MAVERICK CAPITAL
New stakes in DG, QCOM, SUM, SWFT, TMUS
Boosts AAPL, BUD, LVLT, ORLY, UHS
Cuts ADBE, AXP, CMCSA, FB, MYL
No longer shows AGN, ARMK, CL, JACK, TSN
MELVIN CAPITAL
New stakes in GOOGL, YY, EA, BABA, MA, MGM, COST, AVP, MAS, CALM
Boosts FB, LOW, CASY, SHW, ZTS, DE, STZ, ADBE, SUM, PLAY
Cuts DLTR, NFLX, AMZN, PCLN, SBUX, BURL, MHK, MNST, KATE, V
No longer shows WMT, CRM, NWL, SIG, CMG, JACK, USFD, GRUB, PLKI
MOORE CAPITAL
New stakes in GOOGL, MA, PCLN, AVGO, FL, SIVB, GXP, TWX, CPAA
Boosts FB, BABA, STZ, EA, HD, V, CL, APC
Cuts BAC, PPG, WLK, AME, EQIX, M, HUBB, GIS, AMZN
No longer shows in C, JPM, ABX, CMA, WBC, CONE, CAG, JCP, CQH, ICE
OMEGA ADVISORS
New stakes in HES, P, WMB, SSNC, TIME, PE, RICE, TSE, VVV
Boosts SHPG, PVH, BERY, ASPS, NBR, EPD, TCRD, GPOR, MDCA, MVC
Cuts GOOGL, CIM, NRZ, AGN, TRCO, DOW, MSFT, ASH, EA, ETFC
No longer shows UNH, TRGP, C, NFLX, SLW, FCB, TJX, CP, AZO, RLGY
PASSPORT CAPITAL
New stakes in CX, MRVL, PE, SINA, SYMC
Boosts BABA, CXO, JCI, RICE, WDC
Cuts AGN, CF, LBTYA, SRE, TAP
No longer shows CHTR, CSCO, EQT, GE, YHOO
PAULSON & CO
New stakes in HPE, STE, EBAY, HUM, HCA, MAR, CVS
Boosts BIIB, LOXO, FB, FDX, BSX, ETSY, LIVN, BCRX
Cuts MYL, TEVA, GRFS, SHPG, AU, AGN, NG, CIE, AKRX
No longer shows BEAV, Q, CI, RAD, PCLN, PRGO, EGRX, KTWO
PERRY CORP.
Cuts ALLY, AER
No longer shows AIG, BLL, TWX, JNJ
POINT72 ASSET MANAGEMENT
New stakes in GOOGL, CMCSA, GOOG, MCD, AME, HON, FTV, LUV, BCR, WFM
Boosts FB, BG, SRPT, AAPL, YHOO, SHW, LOW, WNR, HAL, V
Cuts AMZN, KAR, TSO, SBH, SIG, LLY, INTC, LNCE, SLB, CMG
No longer shows GLW, KORS, RLGY, CRM, SWN, UTX, VMW, MXIM, BLL, WCC
POINTSTATE CAPITAL
New stakes in BAC, VRX, HUM, MRK, CFG, ATVI, MPC, CXO, CHK, APC
Boosts AVGO, ADBE, ECA, CLVS, UNP, AMZN, COG, PH, GOOGL, APD
Cuts TEVA, CELG, CHTR, STZ, XEC, SWN, BHI, EOG
No longer shows AGN, CPN, EGN, DYN, RRC, AET, FDC, DVN, SGEN, SPB
SANDELL ASSET
New stakes in SVU
Boosts KLAC
No longer shows AKRX
SOROS FUND MANAGEMENT
New stakes in WMB, HPE, INTC, UBNT, FHB, SYMC
Boosts LBRDK, VMW, ABX, AMZN, TIVO, WUBA, AMAT, SUPV, VIAV,
Cuts DISH, ZTS, EBAY, KHC, EXAR, MDLZ, ATVI, AAL, EXA, MJN
No longer shows GLPI, CIT, ESNT, CBPO, JD, W, SYNA, CMCSA, HUM, POWI
STARBOARD VALUE
New stakes in PRGO, HPE, STC, CAB, TRNC, FRGI, IMPV
Boosts MRVL, M, AAP
Cuts WRK, CW, BAX, PNK
No longer shows DRI, DK, NXST, FCPT
TEMASEK
New stakes in ACIU, RDS/B, CTRP
Boosts EROS
Cuts BABA
No longer shows Q
TIGER GLOBAL
New stakes in BABA, GOOG, CMCSA, VIPS, V, AWI, WUBA
Boosts PCLN, AAPL, MA
Cuts CHTR, JD, FLT, ONDK, ETSY, AMZN
No longer shows XRS, SQ
THIRD POINT
New stakes in AAPL, BABA, HUM, V, CAG, WMB, KDMN
Boosts FB, GOOGL, GD, TAP, SPGI, BID, DHR, LBTYA, SHW
Cuts AGN, YUM, MHK, CB, AME, CHTR, BUD, SHPG, UNP
No longer shows LOW, SEE, ATVI, CCE, HRS, WLL, MRO, TSO, DVN
TRIAN FUND
Boosts BK, SYY
Cuts GE
TUDOR INVESTMENT
New stakes in SHW, JCI, FLT, HUM, WEX, RJF
Boosts MRK, BIIB, ADS, PEP, FB, GOOGL, BCR, MA, UNH
Cuts ESRX, LH, POST, FICO, IAC, PX, DPS, MDLZ, KLAC, V
No longer shows PG, ARMK, PNR, NWL, HR, AMAG, NSA, RCL, ADP, LII
VIKING GLOBAL
New stakes in BAC, LYB, UHS, CRM, LOW, AZN, LBTYA, LBTYK, MET, AMSG
Boosts MSFT, CP, STZ, GOOGL, ECA, GOOG, JD, MA, APC, RICE
Cuts AVGO, TEVA, NFLX, LLY, APD, BABA, WBA, WUBA, KITE
No longer shows NWL, AGN, DVA, ICE, CTRP, PXD, MMC, HIG, AET, HCA
Source: Bloomberg, Zero-Hedge
