BlueLinx insiders bought after their company's stock price was cut in half after a surprise revenue decline. On Nov. 5, BXC closed at $31. Then came an earnings report showing a significant revenue decline. On Thursday morning BlueLinx (BXC) traded as low as $13.47...
On February 28 , Martha Stewart's Sequential Brands (SQBG) announced that the lifestyle celebrity has teamed up with Canopy Brands (CGC) to develop and promote a line of hemp-based CBD products. SQBG stock spiked higher on the news, nearly doubling at one point before settling at $2.00...
The Lottery Ticket Stocks Q2 2019 portfolio was down 6.72% for the quarter, tracking the Russell 2000 Index lower. However, the portfolio of top hedge funds' most speculative holdings, rebalanced quarterly based on 13F filings, was up 35.65% year-to date as of August 15.
Value Investor Clifford Sosin, founder and manager of CAS Investment Partners, runs a concentrated portfolio -- as of Q2's close the fund held only five positions. However, an equal-weighted portfolio of those five stocks is up 80% Year-to-date. The fund's top holding, online car retailer Carvana (CVNA),...
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...
Turns out Warren Buffett and Jimmy Buffett are not related. For years the world’s third richest man and the “Margaritaville” singer-songwriter thought they might share ancestors. But DNA testing has apparently ruled that out.
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...
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...
Whale Rock Capital's returns have been hard to beat. An equal-weighted portfolio of Whale Rock's top ten long 13F positions, rebalanced quarterly, has averaged a 17.30% annual return since the fund's inception in 2006. The fund's 10-year annualized performance of 25.57% is #2 among all fund's in...
Last week, three insiders from Maiden Holdings, Ltd. (MHLD) filed Form 4s disclosing the purchase of 380,000 shares at an average price of $0.78 per share. An interesting cluster of buying. But here's what's astonishing -- just seven months earlier the stock traded at $8.75.