RA Capital Management leads the pack when it comes to health care stock selection. Since 2008, an equal-weight portfolio of the Boston-based hedge fund's top ten 13F positions would have averaged a 37.05% annual return. So, when RA Capital adds to a position, it pays to investigate....
Baupost Group activist filings are rare events. Seth Klarman, the renowned value investor who heads Baupost, prefers to take passive stakes in companies. Since 2006, Baupost has filed 352 passive 13G filings, and made only 25 activist 13D filings, according to data from WhaleWisdom.com.
Michael Burry as activist investor? It doesn't seem likely that the famously media-shy hedge fund manager would take a page from Carl Icahn's playbook, but that's just what appears to be happening. Burry told Barron's in an article published Wednesday that Scion Asset...
As we've written before, Abdiel Capital is all about focus. Managing partners Colin Moran and Geoffrey Gentile don't spread their bets around much -- they run a concentrated long book. Abdiel's 13F portfolio, disclosed last Friday, showed that the fund's $2.14B in long holdings was invested...
Dr. Michael Burry's Scion Asset Management disclosed its first quarter 2019 holdings, and in a surprise, China online retailer JD.com (JD) was the hedge fund's top position. Altaba Inc. (AABA), owner of 15% of China e-commerce giant Alibaba (BABA),was Scion's #2 position. Burry, featured...
On December 27, 2018, Cannell Capital LLC — a hedge fund based in Alta, Wyoming – disclosed sending three separate letters to three company managements, notifying them of Cannell’s activist intentions. Buying the stocks targeted by Cannell on that date would have produced an average gain of 32.40% over the 25 trading days since.
We can assume that the 50 best performing hedge funds over the last few years have been doing something right. The managers of the top 50 funds exploited an edge the other 930 hedge funds in WhaleWisdom universe didn't have. No doubt there is...
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...
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...
RA Capital has outperformed all other healthcare hedge funds over the past decade, based on 13F holdings. In fact, RA's 30.88% annualized return of it's equal-weighted top 20 long portfolio led all other hedge funds over that period. So, when RA manager Peter Kolchinsky discloses portfolio changes,...