Today’s daily gainers are AngloGold Ashanti Limited (NYSE:AU), IAMGOLD Corp (NYSE:IAG), Sandisk Corporation (NASDAQ:SNDK), and daily losers are International Business Machines Corp.(NYSE:IBM), Atlas Energy LP (NYSE:ATLS), Acacia Research Corp (NASDAQ:ACTC).
John Paulson wins with AngloGold Ashanti
Gold firm AngloGold Ashanti Limited (NYSE:AU) is our top gainer today, following a stock price increase of +10.71% to reach $15.04. Billionaire John Paulson holds 27.9 million AU shares, which represent 2.82% of his portfolio. He paid an average price of $14.08 per share.
At this year's SALT New York conference, Jean Hynes, the CEO of Wellington Management, took to the stage to discuss the role of active management in today's investment environment. Hynes succeeded Brendan Swords as the CEO of Wellington at the end of June after nearly 30 years at the firm. Wellington is one of the Read More
IAMGOLD Corp (NYSE:IAG), another gold mining company, climbed +9.12% to $4.84 today. John Paulson has a position in IAG as well, with 3.8 million shares (0.12% of his holdings). He still has a lot of ground to make up for with this one, though – he paid an average per-share price of $15.83, meaning a -69.44% loss.
Last up is tech company Sandisk Corporation (NASDAQ:SNDK), its stock up +7.79% to $67.84. This firm is a favorite among many billionaires. David Tepper holds more than one million SNDK shares (0.93% of his fund), bought at $45.38 each. Richard Chilton owns 223,000 shares, corresponding to 0.36% of his fund and purchased at an average price of $40.42 per share. George Soros holds 150,000 shares (0.10% of his fund), having paid an average price of $40.66.
First up on our list of losers today is International Business Machines Corp. (NYSE:IBM), which dipped to $174.13, a -6.75% decrease, after falling short in its earnings expectations. Warren Buffett wasn’t likely pleased by this. He owns 68.1 million IBM shares, representing 14.62% of his portfolio and purchased at an average $167.46 per share. Richard Chilton was affected as well. The investor holds 16,000 shares, representing 0.08% of his holdings and acquired at an average price of $196.08.
Another firm with a big loss today is Atlas Energy LP (NYSE:ATLS), which dropped -5.93%. The oil and gas company is now trading at $47.26 after Robert W. Baird downgraded its rating to neutral. As of June, the only billionaire tracked by iBillionaire with a position in ATLS is Leon Cooperman, who holds 3.9 million shares, representing 3.15% of his fund. Despite the tough day for the stock, Cooperman has gained +187.54% with this position, having paid an average price of $16.34 per share.
The last stock on our daily loser list is Acacia Research Corp (NASDAQ:ACTC), which is down -6.47%, hitting $19.37. With 2.3 million shares, the tech company represents 0.56% of George Soros’ portfolio. Soros has been reducing his position in Acacia as of late, and from December to June, his allocation decreased -36%. The billionaire paid an average price of $32.68 per share.