Highbridge Capital Management hedge fund, had over $8 billion in holdings in Q1 2012 , the fund now holds $7 billion, as indicated in the 13F submitted to Securities and Exchange Commission, for the quarter ending on 30th June. Total AUM is closer to $30 billion. The top 10 holdings make up 20 percent of the portfolio. The highlights of Q2 2012 are:
Highbridge’s top 5 assets are in, Cosan Limited (NYSE:CZZ), which makes up 5.53 percent of total investments , Dish Network Corporation (NASDAQ:DISH) holds 2.82 percent, Hertz Global Holdings, Inc. (NYSE:HTZ) equals 2.63 percent, Express Scripts Holding Co (NASDAQ:ESRX) holds 2.25 percent and Superior Energy Services, Inc. (NYSE:SPN) makes up 1.37 percent of the portfolio.
Highbridge bought 515 new stocks during the Apr-June quarter. The major new investments in the portfolio were made in United Rentals, Inc. (NYSE:URI), which takes up 1.28 percent of the portfolio, Sherwin-Williams Company (NYSE:SHW) comes in with 0.75 percent, Onyx Pharmaceuticals Inc (NASDAQ:ONXX) holds 0.68 percent, Liberty media Group (LMC.B) 0.53 percent, and Virgin Media Inc. (NASDAQ:VMED) o.49 percent.
Electron Capital Partners returned 10.3% net for August, pushing its year-to-date returns into the green at 10%. The MSCI ACWI was down 3.9% for August, bringing its year-to-date return to -18.8%, while the S&P 500 was down 4.2% for August, which brought its year-to-date return to -17%. The MSCI World Utilities Index lost 1.8% for Read More
The fund expanded its standing investments in 261 of its stocks. The major additions in the top 5 were made in Dish Network Corporation (NASDAQ:DISH), where shares were increased by 28 percent and Express Scripts Inc. (NASDAQ:ESRX) increased by 60 percent.
Other additions were in
Wells Fargo & Company (NYSE:WFC), Monsanto Co. DL-,01 (FRA:MOO) and Comerica Incorporated (NYSE:CMA).
Highbridge sold off its entire stake in 410 of its stocks. Significant liquidations were, PowerShares QQQ (NASDAQ:QQQ), CVS Caremark Corporation (NYSE:CVS), American Express (NYSE:AXP), Molina Healthcare Inc. (NYSE:MOH), and JDS Uniphase Corporation (NASDAQ:JDSU).
Shares in 308 stocks were reduced in the quarter ending on June 30th.The fund reduced holdings in Metlife Inc (NYSE:MET) and LSI Corporation (NYSE:LSI), both by 31 percent each, and SEI Investments Company (NASDAQ:SEIC) by 16 percent. These are among the top 3o of Highbridge’s holdings in Q2.
Highbridge’s portfolio, by sector, is almost equally divided in all fields.