Analysis of first quarter 13F filings from major U.S. funds shows plenty of activity during the quarter, as usual. Interestingly enough, a relatively unknown company, Endo International PLC (NASDAQ:ENDP), topped the list of the new positions initiated by the most number of funds. Some of the most well-known funds which initiated positions in Endo during the first quarter were Jana, Glenview, Blue Ridge and Tiger Eye.
13F filings: Top new positions among major funds
There were plenty of big names included on the list of the top 15 as well. Vodafone Group Plc (ADR) (NASDAQ:VOD) (LON:VOD) came in second place, with eBay Inc (NASDAQ:EBAY) in third and Verizon Communications Inc. (NYSE:VZ) in fourth. Other notable names on the list include struggling Finnish mobile networks company Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) and Time Warner Cable Inc (NYSE:TWC).
Here’s the full list. All charts and data provided to ValueWalk by SpecSituations.com.
Prentice Capital Benefits From “15 Million New Robinhood Accounts”
Michael Zimmerman's Prentice Capital returned 3% in June, taking its year-to-date performance to 18.6% net of fees and expenses, according to the firm's June investor update, a copy of which ValueWalk has been able to review. Prentice Capital Benefits From "15 Million New Robinhood Accounts" Prentice employs a low net equity long/short strategy with a Read More
13F filings: Most-closed positions among funds
Vodafone Group Plc (ADR) (NASDAQ:VOD) (LON:VOD) and Endo International PLC (NASDAQ:ENDP) were also the top two most-closed positions by funds, with Vodafone being a new addition to the list and at the top and Endo in second. Some funds which closed Vodafone during the first quarter were Greenlight Capital, Paulson, Chao and Eton Park. Some funds which closed Endo during the first quarter were Jana and Blue Ridge.
Other notable names on the list of positions most often closed are General Motors Company (NSE:GM), Time Warner Cable Inc (NYSE:TWC) again, News Corp (NASDAQ:NWSA) and JPMorgan Chase & Co. (NYSE:JPM). Jos. A. Bank Clothiers Inc (NASDAQ:JOSB), which spent much of the quarter dealing with back-and-forth merger proposals with The Men’s Wearhouse, Inc. (NYSE:MW), was also on the list.
Here’s the full chart:
13F filings: Most widely held positions
The top most widely held position was Citigroup Inc (NYSE:C), which was held by Third Point, Fairholme, Cooperman, Appaloosa, Blue Ridge and several others. American International Group Inc (NYSE:AIG) was in second place, holding the attention of Third Point, Jana, Fairholme, Cooperman, Eminence and several others.
Other notable names on the list were targets of activist investors during the quarter. eBay Inc (NASDAQ:EBAY) and Valeant Pharmaceuticals Intl Inc (NYSE:VRX), both targeted by Bill Ackman, were on the list. Apple Inc. (NASDAQ:AAPL), targeted by Carl Icahn, was also on the list. Other names of note were Microsoft Corporation (NASDAQ:MSFT), Time Warner Cable Inc (NYSE:TWC), Berkshire Hathaway Inc (NYSE:BRK.A) (NYSE:BRK.B) and General Motors Company (NYSE:GM).