Fastly Inc. (FSLY) shares surged nearly 45% from July 24 through Aug 5. -- going from $78 to a high of $117.79. But since then, FSLY has pulled all the way back to $79.25. Tons of volatility, but Fastly's #1 holder -- Abdiel Capital -- hasn't sold...
Activist hedge fund Glenview Capital filed a 13D on Bausch Health (BHC) after market hours Monday. The $13.3B fund, managed by Larry Robbins, disclosed a 5.9% stake in the pharmaceutical company. Bausch Health is now Glenview's #3 portfolio position. BHC shares closed at $18.79...
On June 17, EcoR1 Capital filed a 13G on Xencor Inc. (XNCR), disclosing the purchase of over 2M shares. EcoR1 now owns 8% of Xencor. The purchase makes XNCR the #1 position in EcoR1's $957M 13F portfolio. Xencor is a clinical-stage biopharmaceutical company...
Leading health care-focused hedge fund Perceptive Advisors increased its Neptune Wellness (NEPT) stake by 37%, buying 5,000,000 shares. The fund made the disclosure via a 13G/A "passive" filing yesterday. Perceptive's purchase comes days after the Quebec-based cannabis extraction company announced a new partnership that will pay Neptune...
On March 4, Marathon Partners called ELF Beauty "undervalued" in a 13D filing with the SEC. The New York City-based hedge fund disclosed a 5.2% stake, and said in the filing it has "engaged, and plans to continue to engage, with the Issuer’s management and Board of...
Michael Burry's Scion Management averaged down on the fund's position in Tailored Brands (TLRD), buying 402,900 shares of the distressed retailer in the days leading up to March 16. Scion now owns 7.2% of the company. TLRD closed at $1.29 on March 20, down 69% year-to date....
Otto von Bismarck, the "Iron Chancellor," engineered the unification of Germany in the 1870s. Bismark's close adviser and confident was a German-Jewish banker, Gerson von Bleichroeder. Bleichroeder's bank played a key role in Bismarck's ascension to power, helping to bankroll the German Empire. Now, a century-and-a-half...
I'm “done with fossil fuels." That's what Jim Cramer just said on CNBC's Squawk Box. Cramer compared fossil fuel companies to the stigmatized tobacco companies, saying oil stocks are in the “death knell phase.” But if that's true, I wonder why billionaire oil tycoon and hotelier Bob...
In a 13D filed on Jan. 21 targeting Garrison Capital (GARS), corporate activist Joseph Stilwell notes that he has taken an "activist position" in 68 publicly-traded companies since 2000. In his most recent 13D, Stilwell Value, LLC disclosed a 5% stake in Garrison, a...
In a 13G filed Friday evening, Citadel Advisors disclosed a 19.9% Avianca Holdings (AVH) stake. Ken Griffin's hedge fund reported that it owns 82,364,111 preferred shares of AVH issued to Citadel in exchange for a $356 million investment in Avianca. To...