Marshall Hargrave

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Billionaire Stephen Mandel's Top Stocks

By Marshall Hargrave - May 25, 2013 | Tickers: DG, GPS, GOOG, PCLN

Billionaire Stephen Mandel has some $17 billion of assets under management. Mandel is also a Tiger cub, leaving Julian Robertson's Tiger Management in 1997 to launch Lone Pine Capital. Mandel and his fund use a “bottom-up” approach to stock picking. Outlined below are Lone Pine's top four picks per its recent filing with the SEC (check out Mandel's top stocks).

Online travel

Lone Pine's top stock more »
Jana Partners Jams Things Up

By Marshall Hargrave - May 25, 2013 | Tickers: AIG, NFLX, BA, TRIP

Barry Rosenstein founded Jana Partners in 2001, and now has some $3.5 billion in assets under management. The hedge fund focuses on value oriented and event driven strategies. A couple of Jana's latest activist campaigns include its fight with Ashland and Agrium. Outlined below are a few of Jana's notable selloff and additions during the first quarter, per the fund's quarterly filing with the SEC (check more »
Billionaire Leon Cooperman's Shakeups

By Marshall Hargrave - May 25, 2013 | Tickers: EMN, HUM, PCLN, S

Billionaire Leon Cooperman grew up as the son of a plumber living in the South Bronx, then worked his way into Hunter College as a Xerox quality control engineer in the mid-60's. Later, Cooperman went to Columbia Business School for an MBA.

After a 25-year career with Goldman Sachs, Cooperman founded Omega Advisors in 1991. Outlined below is some of the interesting takeaways from Omega's recent buys and more »
Billionaire Activist Dan Loeb Adds to His Campaign

By Marshall Hargrave - May 24, 2013 | Tickers: AIG, IP, TIF, VMED, YHOO

Dan Loeb is the founder of the activist hedge fund, Third Point, with some $4 billion in assets under management. Loeb is known in the financial world for writing public letters focused on disapproval of company performance and management's conduct. Loeb's recent activist campaign was waged on Sony earlier this month, but outlined below are Loeb's latest moves for Third Point per his quarterly filing with more »
Passport Doesn't Pass Up an Opportunity

By Marshall Hargrave - May 24, 2013 | Tickers: MHFI, WLK, YELP

Passport Capital is a San Francisco-based global investment firm founded by John Burbank in 2000. Passport takes a strategy that focuses on major global themes, driven by macroeconomic analysis and fundamental research. Outlined below are a few stocks that Passport was buying up during the first quarter (check out Passport's portfolio).

The hedge fund was not passing up any opportunities during the first quarter; the fund added a number more »
Billionarie Activist Paul Singer Remains Active

By Marshall Hargrave - May 24, 2013 | Tickers: BMC, DELL, DLPH, HES, JPM

Billionaire Paul Singer founded his Elliott Associates hedge fund in 1977, making it one of the oldest hedge funds under continuous management. Prior to founding Elliott, Singer got a BS in psychology from the University of Rochester and a JD from Harvard Law School. Outlined below are some of the interesting takeaways from Singer's hedge fund at the end of the first quarter (check out Elliott's latest moves more »
How to Play the Online Travel Business

By Marshall Hargrave - May 23, 2013 | Tickers: EXPE, OWW, PCLN

Priceline.com (NASDAQ: PCLN)'s stock continues to defy gravity and stay near the $800 level. Many skeptics have been asking how the stock can be this high with the stock having risen 3000% in the past 8 years. The answer is that the company is the best in the online travel space. Priceline has successfully moved from being primarily a “Name Your Price” website to a fully integrated online more »
Legg Mason's Latest Shakeups

By Marshall Hargrave - May 23, 2013 | Tickers: AFL, AAPL, COF, JPM, TGT

Legg Mason Capital is a publicly traded mutual fund, overseeing some $3.8 billion. The fund was founded by Ernie Kiehne and Bill Miller in the early 80s. Outlined below are some of the key takeaways and interesting moves that caught my attention in Legg Mason's recent SEC filing that revealed its public equity holdings (see Legg's portfolio here).

Dumping the duck

Legg Mason sold off its entire more »
Relational Remains Concentrated

By Marshall Hargrave - May 23, 2013 | Tickers: HES, HPQ, ITW, IR

The investment fund Relational Investors runs a heavy concentration, with 50% of its public equity portfolio invested in its top four stocks. Ralph Whitworth founded Relational in 1996. The investment fund now manages some $5 billion and employs a strategic block investment strategy. Per the fund's recent quarterly filing with the SEC, outlined below are the fund's top four stock picks (check out Relational's portfolio).

Betting on more »
This Tiger Cub Gets Bullish

By Marshall Hargrave - May 23, 2013 | Tickers: ADBE, CMCSA, BA, TW

Andreas Halvorsen is one of the most successful Tiger cubs. The host of Tiger cubs include various hedge fund mangers that worked for billionaire Julian Robertson's Tiger Management. Halvorsen founded his Viking Global hedge fund in 1999 and the fund takes a bottom-up stock picking approach. It was snatching up a number of stocks last quarter, while also upping its stake in others. Outlined below are some of the more »
Hedge Fund Manager Still Bullish on This Real Estate Play

By Marshall Hargrave - May 23, 2013 | Tickers: JCP, M, SHLD

Bruce Berkowitz from the Fairholme Funds continues to aggressively buy Sears Holdings (NASDAQ: SHLD). Fairholme's latest 13F showed that Berkowitz added 1,362,200 shares to his holdings. The fund now has 10.80% of its 13F portfolio invested in Sears. Berkowitz has been a steady buyer of the stock over the years, even in the face of price weakness. This indicates a strong bullish bias from one of more »
Vinik Asset's Top Five

By Marshall Hargrave - May 23, 2013 | Tickers: ABX, BBY, LEN, MON, HOT

Jeffery Vinik's Vinik Asset Management has his top five stock picks spread across a number of industries. Vinik is a former manager of Fidelity’s Magellan Fund, the largest actively managed mutual fund in the U.S. He managed the fund from 1992 to 1996, generating an average return of 17% per year. Vinik left to start his own hedge fund, Vinik Asset Management, which has become a sector-focused more »
A Resilient Tech Company With a Huge Cash Pile

By Marshall Hargrave - May 23, 2013 | Tickers: ALU, CSCO, JNPR

At one point in the late 90's, Cisco Systems (NASDAQ: CSCO) was the biggest company in the world by market cap. However, when the dot-com bubble burst, so did Cisco's, and the company's valuation dropped 85% during the course of a year.

Even today, the stock trades almost 75% below its all-time high. Having said that, the company has recently started to grow again. Indeed, the company more »
The Activist Train Rolls On

By Marshall Hargrave - May 23, 2013 | Tickers: MWV, MDLZ, PEP, TIF

Editor's Note: Nelson Peltz runs Trian Partners, this version has been corrected and Motley Fool apologizes for the error.

Billionaire activist Nelson Peltz runs Trian Partners, the hedge fund that manages some $5 billion and focuses on a select number of stocks, owning only ten stocks at the end of the first quarter. The latest big win for the hedge fund was when billionaire Warren Buffett announced the takeover more »
Why Does Billionaire Value Investor Seth Klarman Own This Supermajor?

By Marshall Hargrave - May 23, 2013 | Tickers: BP, CVX, XOM

Billionaire Seth Klarman, the "Oracle of Boston," disclosed in his latest 13F filing that he has added to his position in BP (NYSE: BP). Baupost Group started buying BP in the second quarter of 2011 with an initial 5.5 million share purchase. The fund now owns more than 17 million shares of BP, making it Klarman's single-largest holding worth over $725 million (check out Klarman's cheap stocks more »
Billionaire Sets His Sights on Data Storage

By Marshall Hargrave - May 23, 2013 | Tickers: CSCO, NTAP, ORCL

Fresh off activist wins at Hess and BMC Software, billionaire hedge fund activist Paul Singer is now taking aim at NetApp (NASDAQ: NTAP). Paul Singer's Elliot Management recently reported a stake of just under 5% in its latest 13F filing with the SEC. Reports indicate that Singer has been having discussions with the company for several weeks about strategic options, including new directors and returning cash to shareholders (see more »
Adage Capital's Top Five Picks

By Marshall Hargrave - May 22, 2013 | Tickers: AAPL, XOM, GE, HON, PM

Adage Capital recently revealed its public-equity portfolio in its quarterly filing with the SEC. Phil Gross and Robert Atchinson founded Adage in 2001. The investment firm has grown to now have some $29 billion in assets under management. Outlined below are Adage's five-largest holdings, which happen to all be well-known large-cap stocks (check out all of Adage's stocks).

Apple (NASDAQ: AAPL) remained the fund's number-one stock holding more »
Billionaire Tiger Cub Blows Off Big Tech

By Marshall Hargrave - May 22, 2013 | Tickers: AAPL, CMCSA, GOOG, NFLX

John Griffin founded Blue Ridge Capital in 1996 and was once known as billionaire Julian Robertson's right hand man. Griffin and other managers who worked for Robertson at Tiger Management are referred to as "tiger cubs." Griffin's investment method is long/short with a long bias and a focus on long positions in large-cap and high-performance stocks. Outlined below are a few of tiger-cub Griffin's latest moves more »
ValueAct Shakes Things Up

By Marshall Hargrave - May 22, 2013 | Tickers: HAL, MHFI, MSFT, MSI

The long-term focused ValueAct hedge fund was founded by Jeff Ubben, the former managing partner of Blum Capital. ValueAct takes a long-term focus, usually making three-to-four new investments per year, running a concentrated portfolio of around 15 stocks and holding each for around three years. Outlined below are ValueAct's latest shakeups to its portfolio during the first quarter (see all the stocks ValueAct loved).

ValueAct did dump a couple more »
Value Investor Seth Klarman's Shakeups

By Marshall Hargrave - May 22, 2013 | Tickers: AIG, BP, DTV, ELN, ORCL

Seth Klarman's Baupost Group, led by the famed value investor and author of Margin of Safety, recently revealed its public equity portfolio in its quarterly filing with the SEC. Klarman founded Baupost in 1983, and now has assets under management of nearly $30 billion. Outlined below are five takeaways from Baupost's portfolio, which include some interesting additions (check out Klarman's cheap stock picks).

Baupost kept BP (NYSE: BP more »)

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