Ark Investment Management Founder, CEO and Portfolio Manager Catherine Wood invests in what she calls "Disruptive Innovation." Wood has been successful with this approach, to say the least. Cloning Ark Investments' 13F portfolio since Q1 of 2017 would have resulted in a 39.74% annualized return. That's nearly triple the S&P 500's performance over the same period.
Many traders know of Bruce Kovner, the cab driver turned multi-billionaire, from his interview with Jack Schwager in the classic investment book Market Wizards. As founder and Chairman of Caxton Associates from 1983 to 2011, Kovner reportedly averaged 21% annual returns. Kovner managed as much as $14 billion in global macro strategies. So when Kovner's family office...
Back in December of 2019, three Cassava Sciences insiders bought $3.2M of their own stock at $2.25. Two weeks later the stock closed at $9.65. So its understandable that investors might aggressively bid up Cassava Sciences (SAVA) stock after two insiders disclosed on Thursday the purchase of $1.58M of SAVA at $6.98. SAVA closed at $10.07 on...
Jack Schuler is the former President/COO of Abbott Laboratories and a biotech entrepreneur with a penchant for investing in medical stocks both large and small. On Aug. 31, Schuler filed a 13D/A disclosing the purchase of 365,291 shares of the bioscience company Yield10 (YTEN) @ 4.25. At that price, YTEN had a market cap of just $13.6 million....
Marcus Lemonis is the CEO and majority shareholder of Camping World Holdings Inc (CWH), but he's gained notoriety as the host of CNBC's The Profit. In the series that has run since 2013, self-made multi-millionaire Lemonis has invested millions of his own money in small businesses that have great promise. But based on Lemonis' recent insider...
Tiger Global and Matrix Capital are the two best performing "Tiger Cubs" over the last year. In fact, the two hedge funds' long 13F returns are two of the best in the entire hedge fund universe. That's based on equal-weighted holdings of each fund's top 20 positions, rebalanced quarterly.
An equal-weighted portfolio of...
Over the last several days SRS Investment added to its Avis Budget Group (CAR) stake. The New York-based hedge fund acquired 243,000 shares of the rental car company from Aug. 17-19. In Form 4s disclosed Wednesday, SRS reported buying the stock on the open market at an average price of $31.52. CAR closed...
Fastly Inc. (FSLY) shares surged nearly 45% from July 24 through Aug 5. -- going from $78 to a high of $117.79. But since then, FSLY has pulled all the way back to $79.25. Tons of volatility, but Fastly's #1 holder -- Abdiel Capital -- hasn't sold a share of its 9.5M share position. Abdiel's Fastly Inc....
If you figure out exactly what Michael Burry was up to in the second quarter of 2020, please let me know. Scion's Q2 13F portfolio released today shows that Burry dumped his #1 holding -- and new position -- from last quarter, Jack in the Box (JACK). His fund Scion Asset Management also liquidated the losing...
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), is up 110% YTD. Sosin recently increased stakes in two...