Hedge Fund Intelligence 4Q11
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www.StreetofWalls.com Hedge Fund Intelligence A detailed Street of Walls break-down of 4Q11 Hedge Fund holdings of the top 23 funds. By: Street of Walls Hedge Fund Division www.StreetofWalls.com Table of Contents 1 INTRODUCTION.......................................................................................................................................... 4 2 CROWDEDNESS AMONG NEWLY INITIATED POSITIONS .................................................................... 4 3 CROWDEDNESS AMONG EXISTING POSITIONS ................................................................................... 6 4 HEDGE FUND SECTOR CHANGES .......................................................................................................... 7 5 HEDGE FUND INVESTMENT CHARACTERISTICS.................................................................................. 8 6 STOCK WRITE-UPS.................................................................................................................................... 9 7 BAUPOST GROUP.................................................................................................................................... 12 8 BERKSHIRE HATHAWAY ........................................................................................................................ 14 9 GREENLIGHT CAPITAL ........................................................................................................................... 16 10 LONE PINE CAPITAL ............................................................................................................................... 18 11 APPALOOSA MANAGEMENT ................................................................................................................. 20 12 PERSHING SQUARE CAPITAL ............................................................................................................... 22 13 MAVERICK CAPITAL................................................................................................................................ 24 14 THIRD POINT ............................................................................................................................................ 26 15 BLUE RIDGE CAPITAL............................................................................................................................. 28 16 PAULSON & CO........................................................................................................................................ 30 17 SOROS FUND MANAGEMENT ................................................................................................................ 32 18 FAIRHOLME CAPITAL ............................................................................................................................. 34 19 TIGER MANAGEMENT ............................................................................................................................. 36 20 PERRY CAPITAL ...................................................................................................................................... 38 21 GLENVIEW CAPITAL................................................................................................................................ 40 22 VIKING GLOBAL....................................................................................................................................... 42 23 FARALLON CAPITAL............................................................................................................................... 44 24 HAYMAN ADVISORS................................................................................................................................ 46 25 ICAHN CAPITAL ....................................................................................................................................... 48 26 PASSPORT CAPITAL............................................................................................................................... 50 27 HANAWALT............................................................................................................................................... 52 28 COATUE .................................................................................................................................................... 54 29 HAWKSHAW ............................................................................................................................................. 56 30 JANA PARTNERS..................................................................................................................................... 58 31 DISCLAIMER ............................................................................................................................................. 60 www.StreetofWalls.com 2 www.StreetofWalls.com Table of Exhibits Exhibit 6.1: Baupost Group Positions.............................................................................................................................. 13 Exhibit 7.1: Berkshire Hathaway Positions...................................................................................................................... 15 Exhibit 8.1: Greenlight Capital Positions ......................................................................................................................... 17 Exhibit 9.1: Lone Pine Capital Positions.......................................................................................................................... 19 Exhibit 10.1: Appaloosa Management Positions............................................................................................................. 21 Exhibit 11.1: Pershing Square Capital Positions............................................................................................................. 23 Exhibit 12.1: Maverick Capital Positions ......................................................................................................................... 25 Exhibit 13.1: Third Point Positions................................................................................................................................... 27 Exhibit 14.1: Blue Ridge Positions .................................................................................................................................. 29 Exhibit 15.1: Paulson & Co. Positions ............................................................................................................................. 31 Exhibit 16.1: Soros Fund Management Positions ........................................................................................................... 33 Exhibit 17.1: Fairholme Capital Management Positions.................................................................................................. 35 Exhibit 18.1: Tiger Management Positions...................................................................................................................... 37 Exhibit 19.1: Perry Capital Positions ............................................................................................................................... 39 Exhibit 20.1: Glenview Capital Positions ......................................................................................................................... 41 Exhibit 21.1: Viking Global Positions............................................................................................................................... 43 Exhibit 22.1: Farallon Capital Positions........................................................................................................................... 45 Exhibit 23.1: Hayman Advisors Positions........................................................................................................................ 47 Exhibit 24.1: Icahn Capital Positions ............................................................................................................................... 49 Exhibit 25.1: Passport Capital Positions.......................................................................................................................... 51 Exhibit 26.1: Hanawalt Positions ..................................................................................................................................... 53 Exhibit 27.1: Coatue Positions......................................................................................................................................... 55 Exhibit 28.1: Hawkshaw Positions................................................................................................................................... 57 Exhibit 29.1: Jana Positions ............................................................................................................................................ 59 www.StreetofWalls.com 3 www.StreetofWalls.com 1 INTRODUCTION Registered hedge funds over $100 million are required by the Securities and Exchange Commission (SEC) to file quarterly updates on portfolio holdings. These holdings are filed online through form 13-F at sec.gov. Hedge funds are required to file these holdings no later than 45 days after the end of the calendar quarter. The Street of Walls team compiled very detailed analyses on 23 of the top Hedge Funds in the industry. This report focuses on hedge fund positions filed at the end of 4Q 2011 and looks at meaningful changes from the previous quarter. The report is based on 23 of the top hedge funds. FREE sign up for 2012 Reports: www.streetofwalls.com/guides/free-hedge-fund-intelligence