Macerich insiders have bought a record $2.8 million of the retail mall developer's stock over the last two months as Macerich (MAC) shares hit seven year lows. A great story needs a great title. And what could be better than "Retail Apocalypse" to capture...
Last week, Abdiel Capital added to its its Appian and Fastly stakes -- core positions for the top-performing fund. Managing partners Colin Moran and Geoffrey Gentile of New York-based Abdiel Capital Advisors aren't big on diversification. The managers prefer to focus on a...
Back on April 10, 2020, Michael Burry, who gained fame as a major character in the book and movie The Big Short, filed a 13D on Gamestop Inc. (GME) disclosing that his fund Scion Asset Management, LLC owned 5.3% of GME's outstanding shares. With GME then traded...
James Simons' Renaissance Technologies is possibly the most successful hedge fund in history. Renaissance's Medallion fund, available only to the firm's employees, has reportedly generated returns of almost 80% a year before fees since inception in 1988. After a 5% management fee and 44% performance fee, that's...
U.S. Hedge Funds are buying cannabis stocks. Despite regulatory issues and limited investment choices, the "smart money" is increasingly eager to gain exposure to the booming marijuana sector. But you won't see Warren Buffett and Charlie Munger jumping on the pot stock...
Hudson Executive Capital disclosed on Monday that it bought 143,200 shares of USA Technology (USAT) at $4.46 along with call options giving the fund the right to buy another 1,250,000 shares of stock at $10. The call options expire on Jan. 17, 2020.
As I've written about before, there is an inverse relationship between hedge fund AUM and performance. Below we look at the top ten small hedge funds posting big returns over the last year. Academic studies have shown that small hedge funds tend to outperform large...
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...
Starboard Value 13Ds are worth paying attention to. The hedge fund, led by manager Jeff Smith, is one of the most prolific -- and successful -- activist funds. Since 2011, Starboard has filed 305 activist reports: 47 initial 13Ds and 258 13D/A SEC...
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...