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...
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...
San Francisco-based HMI Capital filed a 13G this morning disclosing a 6.11% position in SailPoint Technologies Holdings (SAIL). The software company was HMI's #12 holding as of the second quarter's close. But after HMI Capital increased its SailPoint stake by 162%, purchasing 3.4 million additional shares as...
Engine Capital filed a 13D on Cymabay (CBAY) two weeks after the development stage biotech company halted a trial of its leading drug candidate causing it's shares to fall as much as 75%. In a 13D filing Thursday evening, New York-based Engine Capital, L.P....
Arlington Value's Allan Mecham increased his position in Warren Buffett's Berkshire Hathaway(BRK.B) by 8% during the second quarter of 2019. Including Berkshire A and B shares, Berkshire was 29.93% of Arlington's portfolio at Q2 end. The Salt Lake City-based fund's 13F also showed increases in its Alliance...
Back in 2013, Bloomberg ran a profile of Brad Gerstner's Altimeter Capital that described the up-and-coming hedge fund manager as an adventurer -- an amateur pilot and heli-skier who hangs out with big-time CEOs at Burning Man. The article said Gerstner wanted to build a Venture Capital...
Sun Valley Gold led all hedge funds in Q2 of 2019 with a 56% 13F-based return. But the eye-popping performance by the Ketchum, Idaho-based fund comes with an asterisk, as explained below. Ketchum-based Sun Valley is a materials-focused hedge fund managed by Peter F....
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....
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...
The Tiger Cub Hedge Funds market-beating performance continues. Though Julian Robertson's Tiger Management folded up its tent nearly two decades ago, his protégés are doing him proud. A portfolio of top holdings of hedge funds linked to Tiger Management was up 14.94% year-to-date through Q2's end. That's...