Blue Ridge Buys AIG, Colfax, GM, Sells Yandex & NovaGold


Blue Ridge Capital was among the hedge funds who filed their 13F with the SEC this week, and though some of the ficures are retained per SEC rules regarding privacy, we will have a look at some of their top changes made last quarter.

The company’s top holdings, as of June 30 are as follows:
Apple Inc. (NASDAQ:AAPL) is the company’s largest counter, with a stake that makes up 6.62% of their overall portfolio., Inc. (NASDAQ:AMZN) is ranked second, and holds a 6.0% stake in overall investments. Inc (NASDAQ:PCLN), another web based company, which offers hotel ratings and airline discounts, places third, with a 5.56% share.
American International Group, Inc. (NYSE:AIG), a leading insurance group holds fourth place, and makes up 5.06%. Google Inc (NASDAQ:GOOG) rounds out the top 5 at 4.55% of the overall portfolio.

New counters for Blue Ridge include American International Group, Inc. (NYSE:AIG), which is listed in the top five holdings above, with a 5.06% stake, America Movil S.A.B. de C.V., which holds 1.8%. General Motors Company (NYSE:GM) was also a new stock, and now holds 1.74% pf the portfolio.  Colfax Corp (NYSE:CFX) has added an additional 1.64%, with Owens Corning (NYSE:OC) being the last in the list, and holding 1.1%. These new additions are sure to add value to the investors portfolios as each of these companies seems to be faring well in the poor economy.

2020 Letter: Maverick Is Set To Take Advantage Of The Great Hedge Fund Unwind [Exclusive]

Short-sellers have been feeling the pain for months, but especially over the last two weeks. In his fourth-quarter letter to investors, Maverick Capital's Lee Ainslie pointed out the unprecedented levels stock prices have reached and why short-sellers have been hurting. Q4 2020 hedge fund letters, conferences and more   High market caps Ainslie noted that Read More

Blue Ridge Capital did exit several counters, as did most other hedge funds last quarter. The ones most noted were, Inc. (NASDAQ:BIDU), which previously occupied 1.37% of the portfolio, Yandex NV (NASDAQ:YNDX) which held .73%, NovaGold Resources Inc. (NYSEAMEX:NG) (TSE:NG), which held .43%, and Pacific Biosciences of California (NASDAQ:PACB) which held .05% of the total value of the portfolio. The last exit of note is Northeast Bancorp/ME (NASDAQ:NBN), which held a meager .02% of the portfolio.

Blue Ridge Capital is one of the famous hedge funds on the street, and its leadership team includes some of the wisest men in investing. They branched out into a joint venture through their Chinese division in 2008, with Equity International. The venture included investing in Xinyuan Real Estate, which went public in December of 2007.

No posts to display