Highbridge Buys Liberty Media & Virgin Media, Sells CVS and MetLife

0

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:

Top Positions

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.

New Positions

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.

How To Invest In India’s Growth with INDF’s Amit Anand

IndiaValueWalk's Raul Panganiban interviews Amit Anand, Co-Founder of INDF, and discusses his approach to investing and why India Financials are very attractive today. Q1 2021 hedge fund letters, conferences and more The following is a computer generated transcript and may contain some errors. Interview with INDF's Amit Anand


Additions

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).

Reductions

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.

No posts to display