Most of the hedge funds and other asset managers have filed their 13F Forms with the Securities and Exchange Commission for the second quarter. So, let’s have a recap of the change in positions of some of the most popular hedge funds including Greenlight Capital, Pershing Square, Soros Fund, Third Point and others.
Soros Fund Management (13F Filing)
The George Soros-led fund has been bullish on Herbalife Ltd. (NYSE:HLF), according to its 13F filing. By the end of the second quarter, Soros Fund has accumulated 5 million shares of the nutritional supplement maker, according to the 13F filing. The fund also purchased 19.9 million shares of J.C. Penney Company, Inc. (NYSE:JCP). He boosted stake in Apple Inc. (NASDAQ:AAPL) to 66,800 shares from 26,800 shares prior to the quarter. Soros Fund also bought 172,000 shares of Citigroup Inc (NYSE:C) and 77,500 shares of Chinese Internet giant Baidu.com, Inc. (ADR) (NASDAQ:BIDU).
Value Partners Asia ex-Japan Equity Fund has delivered a 60.7% return since its inception three years ago. In comparison, the MSCI All Counties Asia (ex-Japan) index has returned just 34% over the same period. The fund, which targets what it calls the best-in-class companies in "growth-like" areas of the market, such as information technology and Read More
George Soros exited stakes in US Airways Group Inc (NYSE:LCC), Mosaic Co (NYSE:MOS), SPDR Gold Trust (ETF) (NYSEARCA:GLD) and Halliburton Company (NYSE:HAL). During the second quarter, he reduced positions in Pioneer Natural Resources (NYSE:PXD), Delta Air Lines, Inc. (NYSE:DAL), Acacia Research Corp (NASDAQ:ACTG) and Red Hat Inc (NYSE:RHT).
Third Point (13F Filing)
Dan Loeb’s hedge fund initiated a new position in CF Industries Holdings, Inc. (NYSE:CF) by purchasing 845K shares, according to its 13F filing with SEC. Third Point also bought 1 million shares of Coca Cola Enterprises Inc (NYSE:CCE), 1.8 million shares of The Walt Disney Company (NYSE:DIS), 8.5 million shares of Elan Corporation, plc (ADR) (NYSE:ELN) and 1.8 million shares of Williams Companies, Inc. (NYSE:WMB).
Dan Loeb boosted stakes in Baidu.com, Inc. (ADR) (NASDAQ:BIDU) from 500K to 2.5 million shares, and Tibco Software Inc. (NASDAQ:TIBX) from 1 million to 5 million during the quarter. Third Point purchased an additional 100K shares of Cabot Oil & Gas Corporation (NYSE:COG) to 1.4 million, and another 1.2 million shares of Thermo Fisher Scientific Inc. (NYSE:TMO) to take the total stake in the company to 2.5 million.
The 13F filing shows that Third Point exited its entire holding in SPDR Gold Trust (ETF) (NYSEARCA:GLD), Murphy Oil Corporation (NYSE:MUR), Delphi Automotive PLC (NYSE:DLPH) and AbbVie Inc (NYSE:ABBV).
Pershing Square (13F Filing)
Bill Ackman, the arch nemesis of George Soros, disclosed in his fund’s 13F filing that his hedge fund decreased holdings in General Growth Properties Inc. (NYSE:GGP) from 74.7 million shares to 67.8 million, and in Matson, Inc. (NYSE:MATX) from 3 million to 203K shares.
According to the 13F Form, Pershing Square exited its entire stakes in Mondelez International Inc (NASDAQ:MDLZ), Genworth Financial Inc (NYSE:GNW) and iStar Financial Inc. (NYSE:SFI). The hedge fund didn’t report to have made any major addition during the second quarter.
Greenlight Capital (13F Filing)
Greenlight Capital initiated new stakes in Amdocs Limited (NYSE:DOX) by purchasing 1.5 million shares, ING US Inc (NYSE:VOYA) with 3.7 million shares, Rite Aid Corporation (NYSE:RAD) with 20.2 million shares and WPX Energy Inc (NYSE:WPX) with 2.6 million new shares. David Einhorn increased holdings in IAC/InterActiveCorp (NASDAQ:IACI) to 1.8 million shares from 437K, and in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) from 1.7 million to 1.9 million shares during the quarter.
Greenlight Capital cut holdings in Aspen Insurance Holdings Limited (NYSE:AHL) from 4.9 million shares to 3.9 million, in CIGNA Corporation (NYSE:CI) from 8.2 million to 5.0 million and in Cisco Systems, Inc. (NASDAQ:CSCO) from 5.9 million to 4.1 million. According to the 13F filing, David Einhorn liquidated positions in Microsoft Corporation (NASDAQ:MSFT), Seagate Technology PLC (NASDAQ:STX), CBS Corporation (NYSE:CBS) and Hess Corp. (NYSE:HES).
Paulson Fund (13F Filing)
John Paulson’s hedge fund has reduced exposure to SPDR Gold Trust (ETF) (NYSEARCA:GLD) by more than 50% after suffering heavy losses on gold, according to his fund’s 13F filing. Along with gold, Paulson also cut holdings in Delphi Automotive PLC (NYSE:DLPH), Hartford Financial Services Group Inc (NYSE:HIG), Mylan Inc (NASDAQ:MYL) and HCA Holdings Inc (NYSE:HCA). Paulson Fund took new positions in Family Dollar Stores, Inc. (NYSE:FDO), Hess Corp. (NYSE:HES), InterOil Corporation (NYSE:IOC), MGIC Investment Corp. (NYSE:MTG), Cooper Tire & Rubber Co (NYSE:CTB) and Kodiak Oil & Gas Corp (NYSE:KOG).
According to the filing, Pualson sold off his stakes in Wells Fargo & Co (NYSE:WFC), Pinnacle Entertainment, Inc (NYSE:PNK), Scripps Networks Interactive, Inc. (NYSE:SNI) and Capital One Financial Corp. (NYSE:COF).
SAC Capital (13F Filing)
Steven Cohen’s SAC Capital said in its latest 13F filing that it has entirely exited stakes in The Dow Chemical Company (NYSE:DOW), Panera Bread Co (NASDAQ:PNRA), Cliffs Natural Resources Inc (NYSE:CLF), Smithfield Foods, Inc. (NYSE:SFD) and Medivation Inc (NASDAQ:MDVN). The hedge fund reduced holdings in AT&T Inc. (NYSE:T), Textron Inc. (NYSE:TXT), Sirius XM Radio Inc (NASDAQ:SIRI) and Consol Energy Inc. (NYSE:CNX).
SAC Capital increased holdings in Gilead Sciences, Inc. (NASDAQ:GILD), Schlumberger Limited. (NYSE:SLB) and Continental Resources, Inc. (NYSE:CLR). Major new stocks purchased during the second quarter include Signet Jewelers Ltd. (NYSE:SIG), U.S. Silica Holdings Inc (NYSE:SLCA), Clovis Oncology Inc (NASDAQ:CLVS) and Lennox International Inc. (NYSE:LII).
Lone Pine Capital (13F Filing)
Lone Pine Capital said in its 13F filing that its portfolio is worth $20.55 billion as of June 30. During the quarter, the hedge fund sold its entire holdings in American International Group Inc (NYSE:AIG), Lululemon Athletica Inc. (NASDAQ:LULU), Capital One Financial Corp. (NYSE:COF) and Virgin Media Inc. (NASDAQ:VMED) (LON:VMED).
Lone Pine Capital added 13 new stocks to its portfolio including FleetCor Technologies, Inc. (NYSE:FLT), Hertz Global Holdings, Inc. (NYSE:HTZ), Crown Castle International Corp. (NYSE:CCI) and Coach, Inc. (NYSE:COH). Priceline.com In. (NASDAQ:PCLN) is the largest holding of Lone Pine Capital.
Omega Advisors (13F Filing)
Leon Cooperman’s Omega Advisors added Apple Inc. to its portfolio by purchasing 31,000 shares of the iPhone maker. The other major new positions are PennyMac Financial Services Inc (NYSE:PFSI), Oracle Corporation (NYSE:ORCL) and Ascena Retail Group Inc (NASDAQ:ASNA). Meanwhile, Cooperman boosted his stakes in Sprint Nextel Corporation, DISH Network Corp (NASDAQ:DISH), Motorola Solutions Inc (NYSE:MSI) and Citigroup Inc (NYSE:C).
Omega Advisors dumped its entire holding of 3.7 million shares in Facebook Inc (NASDAQ:FB). Other positions closed during the quarter include Time Warner Cable Inc (NYSE:TWC) and Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX)
*** Data taken from SEC 13F filings, Bloomberg and ZeroHedge.