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XN, which raised $1B last when it launched last July, filed its first 13F on Feb. 16. For Q4, the fund reported managing $1.53B in 13F securities. The XN hedge fund filed jointly with its affiliate XN Exponent Advisors. According to a Dec. 10 story in the Financial...
Corporate insiders have proprietary information about their companies. That's why the SEC requires insiders -- officers, directors and 10% holders of any publicly traded company -- to disclose all trades in their own stocks. Insiders are prohibited from trading on “material, non-public information.” Nonetheless, many studies have shown there's an insider trading "anomaly." When corporate insiders...
Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. With GME then traded around $4, Burry disclosed he'd previously sent GME's board several...
In a 13D filed Friday after market hours, Ault Global disclosed a 9.96% position in NTN Buzztime (NTN), a provider of interactive entertainment to sports bars and other venues across North America. Ault called NTN "undervalued and represented an attractive investment opportunity." On Jan. 15, NTN received a non-compiance letter from the NYSE. ...
What investor wouldn't want to place money with a hedge fund like Whale Rock Capital? The fund's owner and portfolio manager Alexander Sacerdote is one of the best stock pickers on the planet. Whale Rock's long-only portfolio has averaged nearly a 28% annualized return over the last decade. But here's the problem investing with Whale Rock:...
As I've written about previously, small hedge funds tend to outperform large hedge funds. The famous managers typically gained their reputations when their funds were small and they were more aggressive. But as a fund's managed assets swell, it's forced to focus on more liquid, less profitable stocks. The manager also tends to be more intent...
RC Ventures reported a 12.9% GameStop (GME) stake on Monday. Ryan Cohen, co-founder of e-commerce firm Chewy (CHWY), disclosed in SEC filings that his firm bought 9 million additional shares of the gaming company. RC Ventures had previously disclosed a 9.98% position on Sept. 21. Ryan Cohen's fund had this to say in yesterday's...
Let's create a portfolio that holds the top stock ideas of the smartest, best informed, best performing hedge fund managers in the world. We won't pay hedge fund fees, nor will our money be "locked up." We'll rebalance this portfolio quarterly, so it always owns the highest conviction ideas of the most elite funds. Is this possible?...
As I've written about before, there is an inverse relationship between hedge fund AUM and performance. Below we look at the top ten small hedge funds posting big returns over the last year. Academic studies have shown that small hedge funds tend to outperform large funds. Why are smaller funds returns...
It's been a challenging investing landscape over the last year, to say the least. From Sept. 30, 2019 through Feb. 19, 2020, the S&P 500 gained 14%. Then the Coronavirus pandemic swept in like a giant Black Swan. The market swooned 34% over the next month, bottoming on March 23. Despite the pandemic, stocks then marched 50%...