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....
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...
GE is another Enron, only worse. That's according to forensic accountant Harry Markopolos, famous for raising red flags about Bernie Madoff ’s Ponzi scheme before most anyone else had a clue. Markipolos released a report on Thursday claiming General Electric (GE) has been...
Scion Management's Q2 holdings are out, revealing extensive turnover orchestrated by manager Michael Burry. The renowned value investor added four new stocks to his portfolio, but closed-out eight positions, cutting the total number of long holdings in his hedge fund to just 10. Maybe...
Starboard Value cut its Cars.com stake aggressively after the online auto retailer's strategic search failed and the company announced disappointing Q2 results. In a 13D/A filing submitted Wednesday afternoon, the hedge fund disclosed selling 4.47 million shares of the online automobile retailer on August 5-6 at...
Activist Cannell Capital raised its stake in Lee Enterprises (LEE) to 7.37%. The hedge fund filed a 13D/A on July 30 disclosing a 1.7 million additional share purchase of the newspaper publisher. Cannell is now LEE's largest shareholder. Lee Enterprises owns 49...
Solid Biosciences' private placement featured investments by an all star list of top biotech institutional investors. Cambridge-based Solid Biosciences (SLDB) trades at 1/3 of its January 2018 IPO value. But based on the A-list biotech investors buying shares in the company's July 26 $60...
Lottery ticket stocks are equities perceived by investors to provide a small chance of a huge payoff. Like playing the lottery, many investors find these stocks -- usually low-priced, thinly traded with little or no earnings -- very alluring. However, studies show that -- like the...
Light Street Capital filed a 13G on Monday July 22, disclosing a 5.2% stake in cybersecurity firm Carbon Black, Inc. (CBLK). The Palo Alto-based hedge fund acquired the $69 million CBLK position as cyber attacks become an increasing problem for U.S. corporations, and...
Abdiel Capital Advisors has never held more than 9 long positions since the 4th quarter of 2015. Over that period, the $1.4 billion hedge fund has averaged a 55.1% annual return (based on 13F filings). Abdiel's portfolio concentration is anathema to Modern Portfolio Theory, which preaches diversification...