Q3 Earnings Continue To Be Mixed Bag For Hedge Funds

Today’s daily gainers are DexCom, Inc. (NASDAQ:DXCM), Tempur Sealy International Inc (NYSE:TPX), Foster Wheeler AG (NASDAQ:FWLT) and daily losers are Matson, Inc. (NYSE:MATX), WPX Energy Inc (NYSE:WPX), Calumet Specialty Products Partners, L.P (NASDAQ:CLMT).

Dexcom Q3

DexCom wins today with solid Q3 performance

Medical device company DexCom, Inc. (NASDAQ:DXCM) is today’s top gainer, surging +21.16% today to reach $33.01 thanks to a solid Q3 performance. Billionaire George Soros holds 100,000 shares (0.02% of his fund), purchased at an average $15.32 each.

Seth Klarman: Investors Can No Longer Rely On Mean Reversion

Volatility"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More

Tempur Sealy International Inc (NYSE:TPX) is up +16.08% ($46.56) after reporting a strong Q3 performance at market close yesterday. As of June, Jorge Lemann holds 526,000 shares, representing 3.02% of his fund. The billionaire paid an average price of $44.77

Last up is Foster Wheeler AG (NASDAQ:FWLT). The construction company increased +9.22% to $29.56 today. Billionaire David Tepper holds 1.5 million shares (0.48% of his fund), acquired for $22.59 each.

Daily Losers

Topping off our list of daily losers today is Matson, Inc. (NYSE:MATX), an ocean freight carrier operator in the Pacific. After presenting a rather disappoint Q3 earnings report, the stock dipped -11.63% to $23.83. Billionaire Bill Ackman holds 203,000 shares, representing 0.05% of his fund. The investor has paid an average price of $19.32 per asset.

The second firm with a major loss is WPX Energy Inc (NYSE:WPX). The energy company dropped -10.73% to $19.13 – again the result of a tough third quarter. David Einhorn bought 2.6 million shares for $17.68 last quarter, the position representing 0.94% of his portfolio. Leon Cooperman is a WPX stakeholder as well. The billionaire owns 2.1 million shares (0.06% of his fund), purchased for $16.55.

Third is Calumet Specialty Products Partners, L.P (NASDAQ:CLMT), also an energy company with a bad Q3. Calumet’s stock fell -9.77%, hitting $25.59. Billionaire David Tepper holds 437,000 shares (0.23% of his fund), acquired for $17.24 each.