Factbox: The A-Z of 13Fs

August 16, 2016

By Svea Herbst-Bayliss and Samuel Forgione

The so-called 13Fs are highly-anticipated hedge fund SEC disclosures that give a glimpse into what fund managers saw as investment opportunities – though they are backward-looking, coming out 45 days after the end of each quarter.

During the second quarter of this year, Dan Loeb’s Third Point took a new stake of 3 million shares in video game maker Activision Blizzard Inc.

Octogenarian investor Carl Icahn, whose stock investments still create a buzz on Wall Street nearly 50 years after he first got into the business, made a new bet on Allergan, according to regulatory filings.

Daniel S. Loeb, founder of Third Point LLC, participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las Vegas, Nevada May 9, 2012. SALT brings together public policy officials, capital allocators, and hedge fund managers to discuss financial markets. REUTERS/Steve Marcus (UNITED STATES - Tags: BUSINESS HEADSHOT) - RTR31UE6

Daniel S. Loeb, founder of Third Point LLC, participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las Vegas, Nevada May 9, 2012. REUTERS/Steve Marcus

Icahn who invests his personal fortune estimated by Forbes to be roughly $17 billion largely kept his portfolio unchanged, reporting no change on his investments in Cheniere Energy, Freeport-McMoRan and Herbalife during the second quarter.

But he did make one significant addition when he bought 3.4 million shares of drug maker Allergan, valued at $785.7 million.

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014.  Icahn has backed off from his campaign urging Apple to increase its stock buybacks, citing the company's recent repurchases as well as an influential proxy adviser's call against his proposal.   REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS MEDIA) - RTX18MUH

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York February 11, 2014.  REUTERS/Brendan McDermid

 

In addition to being backward-looking, the filings do not disclose short positions, or bets that a stock will fall. As a result, the public filings do not always present a complete picture of a management firm’s stock holdings.

The following are some of the hot stocks in which hedge fund managers either took new positions or exited/scaled back existing stakes in the second quarter:

 

FROM A-Z

 

ALLERGAN

Baupost Group increased its stake by 16 percent to 2 million shares

Appaloosa increased stake by 981,700 shares to 1.3 million shares

Third Point cut its stake by 100,000 shares to 4.9 million shares

Jana Partners sold entire stake of 446,893 shares

Omega Advisors increased its stake by 109,947 shares to 671,212 shares

 

The Allergan logo is seen in this photo illustration November 23, 2015.  REUTERS/Thomas White/Illustration/File Photo                   GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH "BUSINESS WEEK AHEAD AUG 8" FOR ALL IMAGES? - RTSLQ5D

REUTERS/Thomas White

 

AMAZON

Coatue nearly cut its stake in half to own 308,134 shares.

Tiger Global Management increased stake by 421,887 shares to 1.5 million shares

 

AMERICAN AIRLINES GROUP

The airline company that lost 31 percent during the quarter had some significant supporters with Peak6 Investments boosting its stake by 250 percent after  buying an additional 799,965 shares.

 

AMETEK INC

Third Point took new stake of 2.7 million shares

 

AMGEN INC

Third Point sold entire stake of 3 million shares

 

APPLE INC

Omega Advisors sold entire stake of 227,000 shares

Tiger Global Management cut stake by 4.3 million shares to 1.4 million shares

 

An Apple logo is seen at the Apple store in Munich, Germany, January 27, 2016.  REUTERS/Michaela Rehle - RTX247FF

REUTERS/Michaela Rehle

 

BANK OF AMERICA CORP

Appaloosa sold its entire stake of 7 million shares

Jana Partners sold its entire stake of 750,000 shares

 

CITIGROUP

Baupost Group took a new stake in the bank, buying 5.1 million shares.

Omega Advisors took a new stake of 828,318 shares

 

COCA COLA EUROPEAN PARTNERS

Third Point took a new stake of 2.7 mln shares

Jana Partners took a new stake of  8.2 mln shares

 

DEVON ENERGY

Carlson Capital doubled its stake to own 2.7 million in the energy company as its shares climbed 32 percent.

 

DOW CHEMICAL CO

Third Point cut stake by 5 million shares to 20 million shares

Omega Advisors cut stake by 221,079 shares to 2 million shares

 

ENDO INTERNATIONAL

Specialty pharmaceutical company Endo International lost 44 percent in value during the quarter but some investors stuck by them.  Blue Mountain Capital more than doubled its holding to own 199,193 shares at the end of the quarter. Sachem Head Capital Management liquidated its position, selling 2.4 million shares.

 

FACEBOOK

Hoplite Capital Management cut the social media company by roughly 18 percent to 1 million shares. Coatue Management cut its stake by 25 percent to 4.2 million shares.

Third Point took a new stake of 3.8 million class A shares

Appaloosa sold entire stake of 1.6 million class A shares

Omega Advisors trimmed stake by 136,900 class A shares to 322,400 class A shares

 

A Facebook logo is displayed on the side of a tour bus in New York's financial district July 28, 2015. REUTERS/Brendan McDermid  - RTX1M6FI

REUTERS/Brendan McDermid

 

GENERAL MOTORS CO

Appaloosa cut stake by 993,898 shares to 1.4 million shares

 

HERTZ HOLDINGS

Coatue Management exited its position, selling 1.7 million shares

 

HEWLETT PACKARD ENTERPRISE

Jana Partners took a new stake of 4.1 million shares

 

OCH-ZIFF CAPITAL MANAGEMENT GROUP

The largest publicly traded U.S. hedge fund company got some new investors as it struggled to put a U.S. Justice Department bribery probe to rest. Kerrisdale Advisers bought 961,845 shares while Baupost Group bought 3.4 million shares

 

MARATHON OIL

Twin Capital, a big owner already, upped its stake modestly by adding 22,520 to own 304,740 shares

 

MICROSOFT

Jana Partners cut its holdings by 20 percent to own 6.9 million shares.

Omega Advisors cut stake by 223,100 shares to 1.5 million shares

 

MONDELEZ

The snack food maker where activist investor Nelson Peltz has been on the board tried to make a takeover bid for Hershey Co. in the second quarter. Capital Fund Management sold all 1,001,665 shares. Stillwater Investment Management sold all of its 367,400 shares while  Breton Hill exited  by selling 35,633 shares. MD Sass Investors Services sold all of its 113,400 shares.

 

NETFLIX

Folger Hill Asset Management bought 135,000 shares to own 205,000 shares of the online video company

Omega Advisors took a new stake of 372,500 shares

Tiger Global Management sold entire stake of 18 million shares

 

The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014. Netflix Inc  shares were down 3.1 percent at $435.28 after the announcement. The streaming video company will announced its quarterly results later on October 15. Picture taken October 14, 2014. REUTERS/Mike Blake (UNITED STATES - Tags: ENTERTAINMENT MEDIA BUSINESS LOGO) - RTR4ABFO

REUTERS/Mike Blake

 

PAYPAL HOLDINGS

Coatue Management doubled its holdings to 8.9 million shares

 

SQUARE INC

Tiger Global Management cut stake by 5.4 mln class A shares to 1.2 mln class A shares

 

ST. JUDE MEDICAL

Farallon added a new position with 4.6 million shares, making it one of the firm’s biggest as the company surged 42 percent in the second quarter. Carlson Capital initiated a new position, buying 2 million shares.

 

TIME WARNER CABLE

Former Farallon executive Bill Duhamel’s Route One Investment Company exited the company, selling 561,720 shares. Sachem Head exited the position, selling 695,000 shares. Farallon exited by selling 3.8 million shares. Third Point sold entire stake of 1.2 million shares, while Jana Partners sold entire stake of 2.2 million shares

 

TIME INC

Jana Partners took new stake of 5 million shares, sending shares jumping 6 percent on the news on Monday.

 

TWENTY FIRST CENTURY FOX INC

Third Point sold entire stake of 1.5 million class A shares

 

UNITED HEALTH GROUP

Hoplite Capital Management doubled its stake to 465,089 shares

 

VALEANT

Okumus Fund Management, already a big owner, raised its stake by 13 percent to own 4.2 million shares

 

The stock price of Valeant Pharmaceuticals International, Inc. is shown on a screen above the floor of the New York Stock Exchange shortly after the opening bell in New York, December 28, 2015. REUTERS/Lucas Jackson      TPX IMAGES OF THE DAY      - RTX20A70

REUTERS/Lucas Jackson

 

WALGREENS BOOTS ALLIANCE

Activist hedge fund Jana Partners more than halved its position to own 4.6 million shares

 

WILLIAMS Cos 

The energy infrastructure company saw its stock price jump 35 percent in the second quarter, benefitting holders like Soroban Capital Partners which kept its holding steady at 21 million shares.  Adage Capital Partners bought 3.7 million shares, raising the firm’s holdings to 4.7 million shares. Senator Investment Group added a new position, buying 4.8 million shares.

 

YUM BRANDS INC

Third Point cut stake by 3 million shares to 2.5 million shares

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