MGM Resorts International (MGM) stock has collapsed 72% over the last three months -- losing about $13 billion of market value -- as the Coronavirus pandemic forces a shutdown of the U.S casino industry. MGM's 30 properties around the U.S.,including its trademark MGM Grand casino and...
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....
What do Abdiel Capital, Citadel Advisers, Dragoneer Investment Group, Melvin Capital, Point 72 Asset Management, Tiger Global and Whale Rock Capital have in common? Aside from being among the world's leading hedge funds, Bill.com 13F holdings reveal all the above bought shares of Bill.Com (BILL) in Q4...
Michael Burry's Scion Asset Management released its 13F showing the hedge fund's holdings at year end. Gamestop Corp (GME) remained the fund's top holding, though Scion's Q4 2019 13F showed Burry had reduced his GME position by 21% during the quarter. Maxar Technologies Ltd (MAXR), a new...
In the mid-19th century, Gerson von Bleichröder gained fame as the financial advisor to Otto von Bismarck, the Chancellor of the German Empire. The investment firm S. Bleichröder merged with Arhnold Bros. in 1964, eventually becoming New-York City-based Arnhold and S. Bleichroeder, Inc. That firm was renamed First Eagle Investment...
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...
Legion Partners disclosed a 5.15% stake in Landec Corp (LNDC) after market hours on Thursday. The hedge fund stated it believes LNDC's stock price "does not reflect the Issuer’s intrinsic value." Legion believes that Landec is "engaged in an odd combination of businesses that will never achieve...
The Sharpe ratio is a popular way to measure the return of an investment compared to the amount of risk taken. Risk is measured as volatility or standard deviation. So, the equity managers with the highest Sharpe ratios in the WhaleWisdom database have demonstrated skill picking stocks...