13F Ideas Quarterly - May 2014
This latest edition (beta) of the 13F Ideas Report contains complete reporting for over 100 funds. This is our largest issue to date and includes aggregate reporting for the quarter ended March 31.
We view 13Fs as one idea generation source, with the most valuable ones sharing characteristics of concentrated portfolios and low turnover. The 13F filings are properly viewed as a snapshot in time from 45 days ago, but for the purpose of following funds with longer holding periods, this time delay proves to be only a small detriment to the knowledgeable user.
The keys to utilizing 13Fs are to identify the funds worth following, as well as having the information in an easily digestable format. This comprehensive and timely report aims to help users on both fronts.
This report works well when read on an Ipad or other tablet; you can quickly get a comprehensive review of all this quarter’s filings in one sitting.
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Aggregate Reporting Section
New positions initiated by most number of funds # Issue Symbol Cusip Total Funds 1 Endo Intl Plc ENDP G30401106 11 Ratan,Jana,Corvex,Glenview,Lone Pine,Blue Ridge,Hoplite,Miura,Healthcor,TigerEye,Weitz 2 Vodafone Group Plc New VOD 92857W308 8 Greenlight,Fairholme,Perry,Paulson,Southeastern,Chou,E ton Park,Highfields 3 Ebay Inc EBAY 278642103 7 Icahn,Jana,Glenview,Highfields,Kynikos,Tiger Consumer,Weitz 4 Verizon Communications Inc VZ 92343V104 7 Berkshire,Third Pt,Paulson,Chou,Oldfield,Luxor,Revelation 5 American Rlty Cap Pptys Inc ARCP 02917T104 6 Moab,Luxor,Eton Park,Akanthos,EJF,Arbiter 6 Ctrip Com Intl Ltd CTRP 22943F100 5 Lone Pine,Maverick,Coatue,Brookside,Cascabel 7 Actavis Plc ACT G0083B108 5 Ratan,Cooperman,Oskie,Paulson,Lone Pine 8 Hertz Global Holdings Inc HTZ 42805T105 5 Jana,Tiger Global,Glenview,Luxor,EJF 9 Platform Specialty Prods Cor PAH 72766Q105 5 Pershing Sq,Corvex,Cooperman,Blue Ridge,T2 10 Nokia Corp NOK 654902204 4 Greenlight,Perry,Brookside,Jabre 11 Liberty Global Plc LBTYK G5480U120 4 Berkshire,Blue Ridge,Maverick,Coatue 12 Nxp Semiconductors Nv NXPI N6596X109 4 Duquesne,Viking,Senator,Valinor 13 Avis Budget Group CAR 053774105 4 Tiger Global,Glenview,York,Hawkeye 14 Time Warner Cable Inc TWC 88732J207 4 Third Pt,Cooperman,Senator,Locust 15 Allegion Pub Ltd Co ALLE G0176J109 4 Glenview,12 West,Blue Ridge,Valinor
Positions closed by most number of funds # Issue Symbol Cusip Total Funds 1 Vodafone Group Plc New VOD 92857W209 10 Greenlight,Paulson,Southeastern,Chou,Eton Park,Highfields,York,Eminence,Senator,Hoplite 2 Endo Health Solutions Inc ENDP 29264F205 8 Ratan,Jana,Corvex,Duquesne,Lone Pine,Blue Ridge,Hoplite,Weitz 3 General Mtrs Co GM 37045V100 8 Greenlight,Third Pt,Cooperman,Oskie,Elliot,Eton Park,Senator,LongOar 4 Time Warner Cable Inc TWC 88732J207 6 Ratan,Perry,Maverick,Coatue,York,TigerEye 5 Cole Real Estate Invts Inc COLE 19329V105 6 Marcato,Third Pt,Moab,Luxor,Eton Park,Touradji 6 Life Technologies Corp LIFE 53217V109 6 Paulson,Glenview,Sandell,Highfields,Touradji,Jabre 7 Viropharma Inc VPHM 928241108 6 Fairfax,Paulson,Palo Alto,M.Price,Touradji,Jabre 8 News Corp New NWSA 65249B109 5 Atlantic,Eton Park,Blue Ridge,Coatue,Silver Pt 9 Hess Corp HES 42809H107 5 Perry,Sandell,York,Argonaut,Arbiter 10 Gilead Sciences Inc GILD 375558103 5 Third Pt,Duquesne,Blue Ridge,Brookside,LongOar 11 Jpmorgan Chase & Co JPM 46625H100 5 Kerrisdale,Boyar,Highfields,EJF,Cascabel 12 Hca Holdings Inc HCA 40412C101 5 Blue Ridge,Highfields,Viking,Healthcor,Deerfield 13 Tim Hortons Inc THI 88706M103 5 York,Senator,Locust,Valinor,Tiger Consumer 14 Perrigo Co PRGO 714290103 4 Orbimed,Eton Park,Senator,Jabre 15 Jos A Bank Clothiers Inc JOSB 480838101 4 Luxor,York,Eminence,Tiger Consumer
Most Widely Held Positions # Issue Symbol Cusip Total Funds 1 Citigroup Inc C 172967424 22 Third Pt,Fairholme,Cooperman,Fairfax,Oskie,Chou,Appaloosa, Glenview,TPG-Axon,Oldfield,Eton Park,Boyar,Blue Ridge,Highfields,T2,Kynikos,Senator,Silver Pt,PL Capital,SecondCurve,EJF,Arbiter 2 American Intl Group Inc AIG 026874784 19 Abrams,Third Pt,Jana,Fairholme,Cooperman,Perry,Moab,Appaloosa,Gl enview,Blue Ridge,Highfields,Viking,Pennant,T2,Eminence,Valinor,Silv er Pt,Argonaut,Lane Five 3 Actavis Plc ACT G0083B108 17 Third Pt,Ratan,Jana,Corvex,Cooperman,Oskie,Paulson,Chou,O rbimed,Eton Park,Lone Pine,Blue Ridge,Viking,York,Senator,Hoplite,Healthcor 4 Liberty Global Plc LBTYK G5480U120 16 Berkshire,Greenlight,Third Pt,Tiger Global,Lone Pine,Blue Ridge,Maverick,Coatue,York,Valinor,Miura,Tiger Consumer,Touradji,White Elm,TigerEye,Weitz Most Widely Held Positions # Issue Symbol Cusip Total Funds 5 Hertz Global Holdings Inc HTZ 42805T105 15 Third Pt,Jana,Oskie,Perry,Tiger Global,Glenview,Luxor,Sandell,T2,York,Brookside,Valinor, Tiger Veda,EJF,LongOar 6 Ebay Inc EBAY 278642103 14 Icahn,Jana,Cooperman,Perry,Glenview,Eton Park,Highfields,Eminence,Kynikos,Tiger Consumer,Lane Five,Cascabel,Jabre,Weitz 7 Valeant Pharmaceuticals Inte VRX 91911K102 14 ValueAct,Third Pt,Ratan,Jana,Paulson,Orbimed,Lone Pine,Maverick,Viking,York,Hoplite,SQ Advisors,TigerEye,Weitz 8 Microsoft Corp MSFT 594918104 14 Abrams,ValueAct,Duquesne,Glenview,Oldfield,Boyar,Lon e Pine,Highfields,Locust,Grandmaster,Intrepid,Arbiter,Jabre ,Weitz 9 Dollar Gen Corp New DG 256677105 13 Third Pt,Corvex,Cooperman,Paulson,Tiger Global,Glenview,Lone Pine,Pennant,Brookside,Eminence,Senator,Grandmaster, Tiger Consumer 10 Apple Inc AAPL 037833100 13 Greenlight,Icahn,Appaloosa,Robotti,Blue Ridge,Coatue,Kynikos,Locust,Valinor,Argonaut,Intrepid,La ne Five,Weitz 11 Time Warner Cable Inc TWC 88732J207 13 Third Pt,Corvex,Cooperman,Paulson,Glenview,Highfields,Senat or,Locust,Valinor,Makaira,Touradji,Cascabel,Jabre 12 Cheniere Energy Inc LNG 16411R208 12 Baupost,Third Pt,Eton Park,Blue Ridge,Pennant,York,Senator,Valinor,Argonaut,EJF,LongO ar,TigerEye 13 American Airls Group Inc AAL 02376R102 12 Third Pt,Oskie,Paulson,Appaloosa,T2,York,Locust,Valinor,Silver Pt,Argonaut,Tiger Veda,LongOar 14 Berkshire Hathaway Inc Del BRKB 084670702 12 Fairholme,Fairfax,Southeastern,Centaur,Robotti,T2,Locus t,Arlington,Intrepid,SQ Advisors,Cannell,Weitz 15 General Mtrs Co GM 37045V100 12 Berkshire,Jana,Corvex,Paulson,Appaloosa,Glenview,Oldfi eld,Mt.Kellett,Sandell,York,Locust,Silver Pt
Position size increased by most number of funds # Issue Symbol Cusip Total Funds 1 Liberty Global Plc LBTYK G5480U120 8 Greenlight,Third Pt,Lone Pine,York,Miura,Tiger Consumer,White Elm,TigerEye 2 Actavis Plc ACT G0083B108 8 Third Pt,Jana,Corvex,Chou,Eton Park,Blue Ridge,York,Healthcor 3 Cheniere Energy Inc LNG 16411R208 7 Third Pt,Eton Park,Blue Ridge,York,Argonaut,EJF,LongOar 4 Citigroup Inc C 172967424 7 Cooperman,Oskie,Glenview,Highfields,Senator,EJF,Arbite r 5 Hca Holdings Inc HCA 40412C101 7 Corvex,Cooperman,Appaloosa,Glenview,TPG- Axon,Orbimed,Brookside 6 Charter Communications Inc D CHTR 16117M305 6 Oskie,Tiger Global,Glenview,Eminence,Miura,White Elm 7 Dollar Gen Corp New DG 256677105 6 Corvex,Glenview,Brookside,Eminence,Senator,Grandmas ter 8 American Airls Group Inc AAL 02376R102 6 Oskie,Paulson,Appaloosa,T2,Locust,Argonaut 9 Sunedison Inc SUNE 86732Y109 5 Greenlight,Cooperman,Altai,York,EJF 10 Walgreen Co WAG 931422109 5 Jana,Eton Park,Viking,York,Hoplite 11 Valeant Pharmaceuticals Inte VRX 91911K102 5 ValueAct,Ratan,Lone Pine,Maverick,Viking 12 Bank Of America Corporation BACWSA 060505146 5 Fairholme,Paulson,Chou,Mt.Kellett,Jabre 13 Berkshire Hathaway Inc. BRKB 084670702 5 Fairfax,Centaur,Locust,SQ Advisors,Weitz 14 Microsoft Corp MSFT 594918104 5 ValueAct,Oldfield,Lone Pine,Locust,Grandmaster 15 Google Inc GOOG 38259P508 5 Third Pt,Duquesne,Appaloosa,Valinor,Jabre
Position size decreased by most number of funds # Issue Symbol Cusip Total Funds 1 General Mtrs Co GM 37045V100 10 Berkshire,Jana,Corvex,Glenview,Oldfield,Mt.Kellett,Sande ll,York,Locust,Silver Pt 2 Liberty Global Plc LBTYA G5480U104 9 Greenlight,Lone Pine,Blue Ridge,Maverick,Coatue,York,Tiger Consumer,White Elm,TigerEye 3 Mastercard Inc MA 57636Q104 6 Berkshire,Tiger Global,Lone Pine,Grandmaster,White Elm,Lane Five 4 Priceline Com Inc PCLN 741503403 5 Lone Pine,Coatue,Miura,White Elm,TigerEye Position size decreased by most number of funds # Issue Symbol Cusip Total Funds 5 American Intl Group Inc AIG 026874784 5 Third Pt,Appaloosa,Pennant,T2,Argonaut 6 General Mtrs Co GMWSB 37045V126 5 Jana,Appaloosa,Mt.Kellett,York,Silver Pt 7 Family Dlr Stores Inc. FDO 307000109 5 Trian,Corvex,Paulson,Eton Park,Highfields 8 Twenty First Centy Fox Inc FOXA 90130A101 5 Childrens,Lone Pine,Coatue,Locust,Miura 9 Metlife Inc MET 59156R108 4 Appaloosa,Highfields,Viking,Senator 10 Baidu Inc BIDU 056752108 4 Third Pt,Appaloosa,Coatue,Cascabel 11 Dish Network Cor DISH 25470M109 4 Cooperman,Highfields,LongOar,TigerEye 12 Spdr S&p 500 Etf Trust SPY 78462F103 4 Relational,Luxor,Argonaut,Jabre 13 Sothebys BID 835898107 4 Marcato,Third Pt,Eton Park,York 14 Xoma Corp. XOMA 98419J107 4 Baker Bros,Palo Alto,Orbimed,Deerfield 15 Actavis Plc ACT G0083B108 4 Orbimed,Viking,Senator,Hoplite Individual Fund Reporting Section
# Fund Name Page 1 Berkshire Hathaway 1 2 Greenlight Capital 3 3 Abrams Capital Management 4 4 Baupost Group 5 5 Marcato Capital Management 6 6 Relational Investors 7 7 Trian Fund Management 8 8 ValueAct Holdings 9 9 Atlantic Investment Management 10 10 Pershing Square Capital Management 11 11 Third Point 12 12 Starboard Value 14 13 Ratan Capital Management 15 14 Carl Icahn 16 15 Jana Partners 17 16 Childrens Investment Fund Management 19 17 Corvex Management 20 18 Fairholme Capital Management 22 19 Leon Cooperman 24 20 Kerrisdale Advisers 26 21 Fairfax Financial Holdings 28 22 Oskie Capital Management 30 23 Perry Corp 31 24 Paulson And Co 32 25 Southeastern Asset Management 34 26 Becker Drapkin Management 35 27 Tiger Global Management 36 28 Chou Associates Management 38 29 Moab Capital Partners 39 30 Altai Capital Management 40 31 Elliot Management Corp 41 32 Duquesne Family Office 43 33 Bulldog Investors 44 34 Appaloosa Management 45 35 Baker Bros. Advisors 47 36 Red Mountain Capital Partners 50 37 Mittleman Brothers 51 38 Glenview Capital Management 52 39 Palo Alto Investors 54 40 TPG-Axon Management 55 41 Aegis Financial Corp 56 42 Centaur Capital Partners 58 43 Oldfield Partners 59 44 RA Capital Management 60 45 Baker Street Capital Management 61 46 Luxor Capital Group 62 47 Mount Kellett Capital Management 63 48 Orbimed Advisors 64 49 Sandell Asset Management Corp 67 50 Eton Park Capital Management 68 51 Michael F. Price 70 52 Robert Robotti 72 53 Blue Harbour Group 74 54 12 West Capital Management 75 55 Boyar Asset Management 76 # Fund Name Page 56 Lone Pine Capital 78 57 Blue Ridge Capital 80 58 Maverick Capital 82 59 Highfields Capital Management 84 60 Viking Global Investors 86 61 Pennant Capital Management 88 62 Coatue Management 90 63 T2 Partners Management 91 64 York Capital Management Global Advisors 92 65 Brookside Capital Management 95 66 Eminence Capital 97 67 Kynikos Associates 99 68 Senator Investment Group 100 69 Blum Capital Partners 102 70 Hoplite Capital Management 103 71 Bocage Capital 104 72 Deccan Value Investors 105 73 Locust Wood Capital Advisers 106 74 Osmium Partners 108 75 Revelation Capital Management 109 76 Arlington Value Capital 110 77 Towle and Co 111 78 Grandmaster Capital Management 112 79 Valinor Management 113 80 Makaira Partners 115 81 Hawkeye Capital Management 116 82 Silver Point 117 83 Miura Global Management 118 84 Argonaut Capital Management 119 85 Tiger Veda Management 120 86 Tiger Consumer Management 121 87 Intrepid Capital Management 122 88 Touradji Capital Management 124 89 Healthcor Management 126 90 Deerfield Management 128 91 White Elm Capital 131 92 Shah Capital Management 132 93 Joseph Stilwell 133 94 SQ Advisors 135 95 Cannell Capital 136 96 Lane Five Capital Management 138 97 Akanthos Capital Management 139 98 PL Capital Advisers 140 99 Second Curve Capital 142 100 Forest Hill Capital 143 101 EJF Capital 145 102 Arbiter Partners 148 103 Cascabel Management LP 151 104 Long Oar Global Investors 152 105 Tiger Eye Capital 153 106 Kahn Brothers 155 107 Jabre Capital Partners 156 108 Weitz Investment Management 159 Berkshire Hathaway Total Value: $105,772,705,000 Positions: 45 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Wells Fargo & Co New WFC 23,052,408 Com 21.79 +9.6 2 Coca Cola Co KO 15,464,001 Com 14.62 -6.4 3 American Express Co AXP 13,649,511 Com 12.90 -.8 4 International Business Machs IBM 13,157,670 Com 12.44 +3.0 5 Wal Mart Stores Inc WMT 4,436,946 Com 4.19 +13.9 6 Procter & Gamble Co PG 4,255,122 Com 4.02 -1.0 7 Exxon Mobil Corp XOM 4,017,544 Com 3.80 -3.5 8 Us Bancorp Del USB 3,429,944 Com New 3.24 +7.0 9 Directv DTV 2,637,614 Com 2.49 +4.6 10 Davita Healthcare Partners I DVA 2,590,216 Com 2.45 +12.1 11 Goldman Sachs Group Inc GS 2,069,676 Com 1.96 -7.6 12 Moodys Corp MCO 1,956,807 Com 1.85 +1.1 13 Graham Hldgs Co GHC 1,215,915 Com 1.15 +6.1 14 U S G Corp USG 1,141,607 Com New 1.08 +15.3 15 General Mtrs Co GM 1,032,600 Com 0.98 -36.8 16 Bank Of New York Mellon Corp BK 869,997 Com 0.82 +1.0 17 Chicago Bridge & Iron Co N V CBI 832,348 N Y Registry Sh 0.79 +4.8 18 Conocophillips COP 779,475 Com 0.74 -.4 19 Phillips 66 PSX 750,664 Com 0.71 -64.2 20 Liberty Media Corp Delaware LMCA 692,869 Cl A 0.66 -10.6 21 National Oilwell Varco Inc NOV 691,486 Com 0.65 -2.1 22 M & T Bk Corp MTB 652,842 Com 0.62 +4.2 23 Viacom Inc New VIAB 646,535 Cl B 0.61 -2.7 24 Verisign Inc VRSN 629,974 Com 0.60 -3.9 25 Verizon Communications Inc VZ 524,352 Com 0.50 New 26 Precision Castparts Corp PCP 499,792 Com 0.47 -6.1 27 Costco Whsl Corp New COST 483,950 Com 0.46 -6.2 28 Suncor Energy Inc New SU 454,480 Com 0.43 -.3 29 Wabco Hldgs Inc WBC 430,297 Com 0.41 +13.0 30 Deere & Co DE 361,272 Com 0.34 -.6 31 Visa Inc V 335,761 Com Cl A 0.32 -3.1 32 Torchmark Corp TMK 333,359 Com 0.32 +.7 33 Liberty Global Plc LBTYA 305,634 Shs Cl A 0.29 +16.5 34 Mastercard Inc MA 302,535 Cl A 0.29 -10.6 35 Liberty Global Plc LBTYK 299,095 Shs Cl C 0.28 New 36 General Electric Co GE 274,059 Com 0.26 -7.6 37 Sanofi SNY 204,199 Sponsored Adr 0.19 -2.5 38 Verisk Analytics Inc VRSK 93,744 Cl A 0.09 -8.8 39 Media Gen Inc MEG 85,351 Cl A 0.08 -18.7 40 Starz STRZA 61,963 Librty Cap Com A 0.06 -53.3 41 Johnson & Johnson JNJ 32,131 Com 0.03 +7.2 42 Mondelez Intl Inc MDLZ 19,970 Cl A 0.02 -2.1 43 Kraft Foods Group Inc KRFT 10,809 Com 0.01 +4.1 44 United Parcel Service Inc UPS 5,784 Cl B 0.01 -7.3 45 Lee Enterprises Inc LEE 397 Com 0.00 +28.9
Sold Positions: None New Positions: VZ, LBTYK Top Increases: LEE, LBTYA, USG Top Decreases: PSX, STRZA, GM
1 twitter @chensj Fund Background: Two portfolio managers hired by Warren Buffett now manage significant portions of the portfolio. Todd Combs ran a $400 million Connecticut hedge fund before being hired by Berkshire in 2011. Ted Weschler oversaw a $2 billion firm before joining Berkshire in 2012. Weschler had previously bid more than $5 million in charitable auctions to have private lunches with Mr. Buffett.
2 twitter @chensj Greenlight Capital Total Value: $6,679,088,000 Positions: 41 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Apple Inc AAPL 1,115,992 Com 16.71 -17.0 2 Micron Technology Inc MU 1,041,142 Com 15.59 +.4 3 Marvell Technology Group Ltd MRVL 621,012 Ord 9.30 -2.5 4 Cigna Corporation CI 352,605 Com 5.28 -4.3 5 Oil Sts Intl Inc OIS 271,150 Com 4.06 -3.1 6 Aetna Inc New AET 241,436 Com 3.61 -18.0 7 Sunedison Inc SUNE 223,255 Com 3.34 +1210.3 8 Market Vectors Etf Tr GDX 204,232 Gold Miner Etf 3.06 +9.9 9 Anadarko Pete Corp APC 189,015 Com 2.83 +30.2 10 Computer Sciences Corp CSC 188,542 Com 2.82 -5.1 11 E M C Corp Mass EMC 161,719 Com 2.42 +122.3 12 Ing U S Inc VOYA 146,581 Com 2.19 -2.3 13 Conns Inc CONN 128,206 Com 1.92 New 14 Babcock & Wilcox Co New BWC 127,145 Com 1.90 -6.9 15 Liberty Global Plc LBTYK 126,571 Shs Cl C 1.90 +61.2 16 American Capital Agency Corp AGNC 112,571 Com 1.69 New 17 Einstein Noah Rest Group Inc BAGL 110,833 Com 1.66 +13.5 18 Mcdermott Intl Inc MDR 109,835 Com 1.64 +52.9 19 Amdocs Ltd DOX 106,963 Shs 1.60 +12.7 20 Take-two Interactive Softwar TTWO 105,264 Com 1.58 +45.6 21 Iac Interactivecorp IACI 97,797 Com Par $.001 1.46 -25.3 22 National Oilwell Varco Inc NOV 95,391 Com 1.43 New 23 Tempur Sealy Intl Inc TPX 91,205 Com 1.37 -6.1 24 Spirit Aerosystems Hldgs Inc SPR 91,121 Com Cl A 1.36 -.3 25 Urs Corp New URS 90,068 Com 1.35 +31.8 26 Bp Plc BP 71,188 Sponsored Adr 1.07 +49.4 27 Lam Research Corp LRCX 67,381 Com 1.01 New 28 Lorillard Inc 64,940 Com 0.97 New 29 Liberty Global Plc LBTYA 51,871 Shs Cl A 0.78 -53.3 30 Chicos Fas Inc CHS 42,298 Com 0.63 +20.1 31 Intrexon Corp XON 36,254 Com 0.54 -28.9 32 Rite Aid Corp RAD 34,555 Com 0.52 -43.7 33 Talmer Bancorp Inc TLMR 31,747 Com 0.48 New 34 Vodafone Group Plc New VOD 27,586 Spnsr Adr No Par 0.41 New 35 Nokia Corp NOK 25,690 Sponsored Adr 0.38 New 36 Penn Natl Gaming Inc PENN 24,640 Com 0.37 +71.9 37 Fifth Street Finance Corp FSC 18,907 Com 0.28 +2.3 38 Biofuel Energy Corp BIOF 10,423 Com New 0.16 +327.0 39 Aspen Insurance Holdings Ltd AHL 9,157 Shs 0.14 -89.9 40 Hatteras Finl Corp HTS 7,576 Com 0.11 New 41 Blackhawk Network Hldgs Inc HAWK 5,225 Cl A 0.08 New
Sold Positions: LM, WPX, VOD, DST, NCR, GM, DLPH New Positions: CONN, AGNC, NOV, LRCX, Lorillard Inc, TLMR, VOD, NOK, HTS, HAWK Top Increases: SUNE, BIOF, EMC Top Decreases: AHL, LBTYA, RAD Fund Background: Greenlight Capital was founded by David Einhorn in 1996. Greenlight is most notable for its short selling of Lehman stock prior to Lehman Brothers' collapse in 2008.
3 twitter @chensj Abrams Capital Management Total Value: $1,263,672,000 Positions: 13 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Western Un Co WU 284,050 Com 22.48 -5.2 2 American Intl Group Inc AIG 237,299 Com New 18.78 -2.0 3 Slm Corp SLM 200,748 Com 15.89 -24.9 4 Microsoft Corp MSFT 140,186 Com 11.09 New 5 Wells Fargo & Co New WFC 137,780 Com 10.90 +9.6 6 Cst Brands Inc CST 93,720 Com 7.42 -14.9 7 Global Eagle Entmt Inc ENT 47,340 Com 3.75 +6.1 8 Barnes & Noble Inc BKS 44,208 Com 3.50 New 9 Wesco Aircraft Hldgs Inc WAIR 31,037 Com 2.46 -75.4 10 Clear Channel Outdoor Hldgs CCO 30,558 Cl A 2.42 -10.2 11 Penney J C Inc JCP 12,930 Com 1.02 +41.3 12 Royal Bk Scotland Group Plc RBSPRR 2,542 Adr Pref Shs R 0.20 +10.5 13 Royal Bk Scotland Group Plc RBSPRP 1,274 Adr Pfd Ser P 0.10 +9.7
Sold Positions: GCVRZ, EGL New Positions: MSFT, BKS Top Increases: JCP, RBSPRR, RBSPRP Top Decreases: WAIR, SLM, CST Fund Background: David Abrams founded Abrams Capital Management in 1999 and has achieved an annualized return of 20 percent. He previously worked with Seth Klarman at Baupost Group for ten years. Abrams has a degree in history from the University of Pennsylvania.
4 twitter @chensj Baupost Group Total Value: $4,137,086,000 Positions: 20 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Micron Technology Inc MU 1,222,168 Com 29.54 +8.8 2 Viasat Inc VSAT 786,773 Com 19.02 +12.8 3 Theravance Inc THRX 640,637 Com 15.49 -10.8 4 Cheniere Energy Inc LNG 313,281 Com New 7.57 New 5 Idenix Pharmaceuticals Inc IDIX 302,844 Com 7.32 +37.2 6 Bp Plc BP 152,304 Sponsored Adr 3.68 -44.7 7 Pbf Energy Inc PBF 139,748 Cl A 3.38 +124.7 8 Keryx Biopharmaceuticals Inc KERX 107,537 Com 2.60 New 9 Novagold Res Inc NG 78,295 Com New 1.89 +42.1 10 Chipmos Tech Bermuda Ltd IMOS 72,428 Shs 1.75 +14.7 11 Citigroup Inc CWSA 66,926 *w Exp 01/04/201 1.62 -1.2 12 Rf Microdevices Inc RFMD 51,890 Com 1.25 New 13 Trinquint Semiconductor Inc TQNT 51,217 Com 1.24 New 14 Kindred Biosciences Inc KIN 51,214 Com 1.24 +58.1 15 Syneron Medical Ltd ELOS 49,800 Ord Shs 1.20 +1.2 16 Alliance One Intl Inc AOI 18,640 Com 0.45 -4.3 17 American Intl Group Inc AIGWS 13,418 *w Exp 01/19/202 0.32 +.9 18 Novacopper Inc NCQ 6,757 Com 0.16 -11.2 19 Aveo Pharmaceuticals Inc AVEO 5,725 Com 0.14 -18.3 20 Alon Usa Partners Lp ALDW 5,484 Ut Ltdpart Int 0.13 +.0
Sold Positions: FNF, ROVI, ENZN New Positions: LNG, KERX, RFMD, TQNT Top Increases: PBF, KIN, NG Top Decreases: BP, AVEO, NCQ Fund Background: Seth Klarman worked for Max Heine and Michael Price of Mutual Shares before founding Baupost. He is the author of Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor, a value investing classic.
5 twitter @chensj Marcato Capital Management Total Value: $2,439,727,000 Positions: 13 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Lear Corp LEA 536,061 Com New 21.97 +17.1 2 Ncr Corp New NCR 376,483 Com 15.43 +36.8 3 American Rlty Cap Pptys Inc ARCP 294,245 Com 12.06 +159.9 4 Goodyear Tire & Rubr Co GT 232,981 Com 9.55 New 5 Macquarie Infrastr Co Llc MIC 209,344 Membership Int 8.58 +7.3 6 Sothebys BID 198,718 Com 8.15 -18.1 7 United Rentals Inc URI 158,490 Com 6.50 -53.8 8 Gencorp Inc GY 105,321 Com 4.32 +1.4 9 Vail Resorts Inc MTN 99,519 Com 4.08 -48.1 10 Brookfield Residential Pptys BRP 79,028 Com 3.24 -13.3 11 Commonwealth Reit CWH 76,407 Com Sh Ben Int 3.13 +12.8 12 Signet Jewelers Limited SIG 53,692 Shs 2.20 New 13 Cyrusone Inc CONE 19,436 Com 0.80 -56.3
Sold Positions: DDC, COLE New Positions: GT, SIG Top Increases: ARCP, NCR, LEA Top Decreases: CONE, URI, MTN Fund Background: Mick McGuire is the Founder and Managing Member of Marcato Capital Management. Marcato manages a select number of passive and activist investments across all industries with a primary focus on opportunities in middle-market public equities. McGuire previously worked for Pershing Square Capital Management. McGuire holds an MBA from Harvard Business School and a Bachelor's degree in Economics from Princeton University.
6 twitter @chensj Relational Investors Total Value: $5,702,456,000 Positions: 17 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Hewlett-packard Company HPQ 899,487 Com 15.77 +7.7 2 Spx Corporation SPW 616,005 Com 10.80 -12.1 3 Mondelez International, Inc. MDLZ 554,641 Com 9.73 -3.8 4 The Timken Company TKR 485,319 Com 8.51 +6.7 5 Hologic, Inc. HOLX 477,304 Com 8.37 +7.0 6 Ingersoll-rand Public Limited Company IR 455,743 Com 7.99 +36.7 7 Bunge Limited BG 454,643 Com 7.97 -4.6 8 B/e Aerospace, Inc. BEAV 316,792 Com 5.56 New 9 Esterline Technologies Corporation ESL 263,129 Com 4.61 +4.5 10 Hess Corporation HES 262,356 Com 4.60 -1.6 11 Spdr S&p 500 Etf Trust SPY 197,515 Com 3.46 -47.7 12 Pmc-sierra, Inc. PMCS 173,565 Com 3.04 +18.4 13 Spdr S&p Midcap 400 Etf Trust MDY 171,784 Com 3.01 +5.2 14 Clean Harbors, Inc. CLH 163,006 Com 2.86 New 15 W. R. Grace & Co. GRA 90,220 Com 1.58 New 16 First American Financial Corporation FAF 70,810 Com 1.24 New 17 Guaranty Bancorp GBNK 50,137 Com 0.88 +1.4
Sold Positions: ITW, RPM New Positions: BEAV, CLH, GRA, FAF Top Increases: IR, PMCS, HPQ Top Decreases: SPY, SPW, BG Fund Background: Ralph Whitworth has a background in the energy industry and was on the staff of the Senate Judiciary Committee before staking his own firm in 1996. Whitworth started Relational as a fund that would buy big stakes of underperforming companies and then press for changes that would improve their performance. Whitworth holds a law degree from Georgetown University.
7 twitter @chensj Trian Fund Management Total Value: $5,767,603,000 Positions: 11 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Mondelez Intl Inc. MDLZ 1,442,048 Cl A 25.00 -1.5 2 Pepsico Inc. PEP 1,037,199 Com 17.98 +1.3 3 Ingersoll-rand Plc IR 685,739 Shs 11.89 -7.1 4 Legg Mason Inc. LM 631,954 Com 10.96 +12.8 5 Wendys Co. WEN 590,978 Com 10.25 -18.3 6 Family Dlr Stores Inc. FDO 485,334 Com 8.41 -10.7 7 Du Pont E I De Nemours & Co. DD 412,086 Com 7.14 +9.8 8 Lazard Ltd LAZ 311,102 Shs A 5.39 +2.4 9 Allegion Pub Ltd Co ALLE 154,261 Ord Shs 2.67 -12.6 10 Gnc Hldgs Inc. GNC 15,814 Com Cl A 0.27 -24.8 11 Tiffany & Co. New TIF 1,088 Com 0.02 -7.2
Sold Positions: None New Positions: None Top Increases: LM, DD, LAZ Top Decreases: GNC, WEN, ALLE Fund Background: Trian Fund Management is a multi-billion dollar alternative investment management firm. It was founded in November 2005 by Nelson Peltz, Peter May and Ed Garden.
8 twitter @chensj ValueAct Holdings Total Value: $13,243,944,000 Positions: 14 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Microsoft Corp MSFT 2,921,994 Com 22.06 +16.8 2 Valeant Pharmaceuticals Inte VRX 2,494,735 Com 18.84 +12.3 3 Motorola Solutions, Inc MSI 1,858,471 Com New 14.03 -4.8 4 Adobe Systems Inc ADBE 1,663,887 Com 12.56 +9.8 5 Rockwell Collins Inc COL 1,044,609 Com 7.89 +7.8 6 Cbre Group Inc CBG 882,225 Cl A 6.66 +4.3 7 Willis Group Holdings Plc WSH 812,989 Shs 6.14 -.4 8 Allison Transmission Holding ALSN 539,675 Com 4.07 +8.4 9 Msci Inc MSCI 349,887 Com 2.64 +7.4 10 Dresser-rand Group Inc DRC 292,541 Com 2.21 +645.3 11 Symantec Corp SYMC 151,597 Com 1.14 New 12 Micros Systems Inc MCRS 120,286 Com 0.91 -68.7 13 Expeditors Intl Wash Inc EXPD 86,659 Com 0.65 New 14 Kar Auction Services Inc KAR 24,390 Com 0.18 +2.7
Sold Positions: None New Positions: SYMC, EXPD Top Increases: DRC, MSFT, VRX Top Decreases: MCRS, MSI, WSH Fund Background: ValueAct Capital was started in June 2000. It uses an investment strategy that combines intensive due diligence, a concentrated number of investments, and active, constructive involvement in the value creation at those investments. Today, with offices in San Francisco and Boston, ValueAct Capital manages more than $14 billion.
9 twitter @chensj Atlantic Investment Management Total Value: $1,490,911,000 Positions: 12 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Baker Hughes Inc BHI 293,578 Com 19.69 +11.5 2 Harman Intl Inds Inc HAR 276,393 Com 18.54 +32.4 3 Owens Ill Inc OI 273,139 Com New 18.32 +14.3 4 Oil Sts Intl Inc OIS 243,995 Com 16.37 +25.0 5 Cameron International Corp CAM 172,566 Com 11.57 +9.1 6 Triumph Group Inc New TGI 140,784 Com 9.44 +803.9 7 Goodyear Tire & Rubr Co GT 20,835 Com 1.40 -5.0 8 Cytec Inds Inc CYT 18,045 Com 1.21 +49.0 9 Harsco Corp HSC 14,450 Com 0.97 New 10 General Cable Corp Del New BGC 14,323 Com 0.96 New 11 Taminco Corp TAM 12,339 Com 0.83 +11.0 12 American Axle And Mfg Hldgs In AXL 10,464 Com 0.70 New
Sold Positions: NCR, CW, AGCO, AXLL, CTB, ASH, NWSA New Positions: HSC, BGC, AXL Top Increases: TGI, CYT, HAR Top Decreases: GT Fund Background: Atlantic Investment Management is a $2.1 billion fundamental, value-oriented equity investment firm founded by Alexander J. Roepers in 1988, which concentrates on its highest conviction ideas and uses constructive shareholder activism to achieve superior capital appreciation. Atlantic manages concentrated long-only and long/short equity portfolios. Its global research team performs hands-on due diligence and focuses on a carefully defined universe of mid-cap industrial products and consumer and business services companies.
10 twitter @chensj Pershing Square Capital Management Total Value: $8,378,836,000 Positions: 9 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Canadian Pac Ry Ltd CP 2,581,362 Com 30.81 -.6 2 Air Prods & Chems Inc APD 2,446,162 Com 29.19 +6.5 3 Burger King Worldwide Inc BKW 1,019,198 Com 12.16 +16.1 4 Beam Inc BEAM 971,990 Com 11.60 -31.4 5 Platform Specialty Prods Cor PAH 635,000 Com 7.58 New 6 Howard Hughes Corp HHC 509,192 Com 6.08 +18.8 7 Apartment Invt & Mgmt Co AIV 113,307 Cl A 1.35 New 8 Allergan Inc AGN 74,141 Com 0.88 New 9 Home Properties Inc HME 28,484 Com 0.34 New
Sold Positions: GGP, PG New Positions: PAH, AIV, AGN, HME Top Increases: HHC, BKW, APD Top Decreases: BEAM, CP Fund Background: Pershing Square Capital Management is an activist fund run by William Ackman. In 2004, Ackman started the fund with personal funds and funding from business partner Leucadia National.
11 twitter @chensj Third Point Total Value: $6,807,965,000 Positions: 45 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Actavis Plc ACT 514,625 Shs 7.56 +20321.6 2 Dow Chem Co DOW 351,063 Com 5.16 +2.0 3 American Intl Group Inc AIG 350,070 Com New 5.14 -45.1 4 T-mobile Us Inc TMUS 313,785 Com 4.61 +22.3 5 Sothebys BID 289,608 Com 4.25 -14.3 6 Intl Paper Co IP 275,280 Com 4.04 -19.8 7 Fedex Corp FDX 265,120 Com 3.89 -26.2 8 Select Sector Spdr Tr XLI 261,650 Sbi Int-inds 3.84 New 9 Cf Inds Hldgs Inc CF 251,909 Com 3.70 New 10 Google Inc GOOG 234,047 Cl A 3.44 +30.5 11 Liberty Global Plc LBTYK 219,834 Shs Cl C 3.23 +189.7 12 Williams Cos Inc Del WMB 202,900 Com 2.98 +23.8 13 Verizon Communications Inc VZ 166,495 Com 2.45 New 14 Dollar Gen Corp New DG 166,440 Com 2.44 -35.1 15 Cheniere Energy Inc LNG 166,050 Com New 2.44 +20.3 16 Constellation Brands Inc STZ 165,692 Cl A 2.43 +17.7 17 Hertz Global Holdings Inc HTZ 159,840 Com 2.35 -6.9 18 Roper Inds Inc New ROP 153,536 Com 2.26 New 19 Cabot Oil & Gas Corp COG 152,460 Com 2.24 +31.1 20 Citrix Sys Inc CTXS 146,472 Com 2.15 New 21 Anadarko Pete Corp APC 144,092 Com 2.12 -13.7 22 Anheuser Busch Inbev Sa/nv BUD 142,155 Sponsored Adr 2.09 New 23 Coca Cola Enterprises Inc Ne CCE 138,504 Com 2.03 +1.2 24 Crown Holdings Inc CCK 134,220 Com 1.97 +.4 25 Avago Technologies Ltd AVGO 128,820 Shs 1.89 New 26 Block H & R Inc HRB 105,665 Com 1.55 New 27 Masco Corp MAS 105,498 Com 1.55 New 28 American Airls Group Inc AAL 98,820 Com 1.45 New 29 Citigroup Inc C 95,200 Com New 1.40 New 30 Eqt Corp EQT 87,273 Com 1.28 -7.4 31 Signet Jewelers Limited SIG 84,688 Shs 1.24 New 32 Ypf Sociedad Anonima YPF 82,574 Spon Adr Cl D 1.21 New 33 Sensata Technologies Hldg Bv ST 78,884 Shs 1.16 New 34 Intrexon Corp XON 78,870 Com 1.16 +34.6 35 Ashland Inc New ASH 74,610 Com 1.10 New 36 Ncr Corp New NCR 54,825 Com 0.81 New 37 Enphase Energy Inc ENPH 54,825 Com 0.81 +16.1 38 Baidu Inc BIDU 53,294 Spon Adr Rep A 0.78 -50.1 39 Time Warner Cable Inc TWC 52,128 Com 0.77 New 40 Mondelez Intl Inc MDLZ 51,825 Cl A 0.76 New 41 Tim Participacoes S A TSU 41,536 Sponsored Adr 0.61 New 42 Ocwen Finl Corp OCN 39,180 Com New 0.58 New 43 Nokia Corp NOK 33,030 Sponsored Adr 0.49 -9.5 44 Valeant Pharmaceuticals Intl VRX 32,958 Com 0.48 New 45 Biofuel Energy Corp BIOF 7,615 Com New 0.11 +326.8
Sold Positions: CYT, AAPL, ATVI, NRF, FNF, BEAV, NXPI, BBRY, LBTYA, CQH, MPC, COLE, GM, NLSN, ABT, YHOO, GILD New Positions: XLI, CF, VZ, ROP, CTXS, BUD, AVGO, HRB, MAS, AAL, C, SIG, YPF, ST, ASH, NCR, TWC, MDLZ, TSU, OCN, VRX Top Increases: ACT, BIOF, LBTYK Top Decreases: BIDU, AIG, DG
12 twitter @chensj Fund Background: Third Point LLC is an SEC-registered investment adviser based in New York. The firm was founded in 1995 by Daniel S. Loeb, who serves as Chief Executive Officer. Third Point focuses on event-driven, value-oriented investing.
13 twitter @chensj Starboard Value Total Value: $1,827,687,000 Positions: 23 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Darden Restaurants Inc DRI 368,010 Com 20.14 -6.6 2 Ishares IWM 317,260 Russell 2000 Etf 17.36 -3.8 3 Office Depot Inc ODP 191,318 Com 10.47 -16.8 4 Tessera Technologies Inc TSRA 112,243 Com 6.14 +21.2 5 Wausau Paper Corp WPP 95,475 Com 5.22 +.4 6 Calgon Carbon Corp CCC 79,134 Com 4.33 -19.4 7 Integrated Device Technology IDTI 73,380 Com 4.01 -37.5 8 Aarons Inc AAN 69,552 Com Par $0.50 3.81 New 9 Babcock & Wilcox Co New BWC 66,400 Com 3.63 -19.1 10 Triquint Semiconductor Inc TQNT 59,739 Com 3.27 -43.6 11 Curtiss Wright Corp CW 59,410 Com 3.25 -17.7 12 Compuware Corp CPWR 51,450 Com 2.82 -42.6 13 Regis Corp Minn 50,541 Note 5.000% 7/1 2.77 -3.6 14 Lsb Inds Inc LXU 41,723 Com 2.28 New 15 Quantum Corp 31,467 Note 4.500% 11/1 1.72 +.6 16 Quantum Corp QTM 31,348 Com Dssg 1.72 +1.7 17 Polycom Inc PLCM 30,870 Com 1.69 -58.7 18 Reald Inc RLD 25,133 Com 1.38 New 19 Rf Microdevices Inc RFMD 22,093 Com 1.21 New 20 Unwired Planet Inc New UPIP 20,516 Com 1.12 +62.4 21 Dsp Group Inc DSPG 14,170 Com 0.78 -23.2 22 Entropic Communications Inc ENTR 12,066 Com 0.66 -2.2 23 Regis Corp Minn RGS 4,392 Com 0.24 -68.8
Sold Positions: ELX, NVDA New Positions: AAN, LXU, RLD, RFMD Top Increases: UPIP, TSRA, QTM Top Decreases: RGS, PLCM, TQNT Fund Background: Starboard invests in deeply undervalued small cap companies and engages with management teams to identify and execute on opportunities to unlock value for shareholders. Prior to the spinoff from Ramius, Starboard's investment team founded and managed the Ramius small cap value and opportunity investment platform.
14 twitter @chensj Ratan Capital Management Total Value: $409,864,000 Positions: 15 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Post Hldgs Inc POST 74,515 Com 18.18 +84.4 2 Valeant Pharmaceuticals Intl VRX 74,127 Com 18.09 +33.2 3 Actavis Plc ACT 62,063 Shs 15.14 New 4 Endo Intl Plc ENDP 42,307 Shs 10.32 New 5 Circor Intl Inc CIR 41,228 Com 10.06 -15.4 6 Forest Labs Inc FRX 37,753 Com 9.21 -1.6 7 Aercap Holdings Nv AER 17,211 Shs 4.20 +3.2 8 Hilltop Holdings Inc HTH 14,200 Com 3.46 +65.5 9 Charter Communications Inc D CHTR 12,978 Cl A New 3.17 -41.5 10 Quiksilver Inc ZQK 11,453 Com 2.79 -20.0 11 Envision Healthcare Holdings In EVHC 9,939 Com 2.42 -25.8 12 Av Homes Inc AVHI 9,215 Com 2.25 -8.1 13 Retail Opportunity Invts Cor ROICW 1,636 *w Exp 10/23/201 0.40 -1.7 14 Violin Memory Inc VMEM 910 Com 0.22 -54.0 15 F M C Corp FMC 329 Com New 0.08 New
Sold Positions: AGN, HLF, DVD, MHGC, TWC, ENDP, LBTYA, SYMC New Positions: ACT, ENDP, FMC Top Increases: POST, HTH, VRX Top Decreases: VMEM, CHTR, EVHC Fund Background: Tiger Ratan is a corporate change fund. It is the best-performing fund in Julian Robertson's Tiger Accelerator portfolio; it rose 47 percent in 2013 and gained 66.9 percent since inception. Tiger Ratan Capital has not suffered a loss since its May 2009 inception, gaining 26.3 percent in 2012 and 6.2 percent in 2011. Fund manager Nehal Chopra previously worked at Ramius Capital Group and Balyasny Asset Management.
15 twitter @chensj Carl Icahn Total Value: $32,927,778,000 Positions: 19 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Icahn Enterprises Lp IEP 10,566,566 Depositary Unit 32.09 -5.2 2 Apple Inc AAPL 4,045,551 Com 12.29 +52.4 3 Cvr Energy Inc CVI 3,008,146 Com 9.14 -2.7 4 Forest Labs Inc FRX 2,829,183 Com 8.59 +53.7 5 Federal Mogul Corp FDML 2,266,005 Com 6.88 -4.9 6 Chesapeake Energy Corp CHK 1,702,449 Com 5.17 -5.6 7 Ebay Inc EBAY 1,535,839 Com 4.66 New 8 Nuance Communications Inc NUAN 1,043,672 Com 3.17 +13.0 9 Herbalife Ltd HLF 973,590 Com Usd Shs 2.96 -27.1 10 Transocean Ltd RIG 887,896 Reg Shs 2.70 -16.3 11 American Railcar Inds Inc ARII 831,345 Com 2.52 +53.1 12 Netflix Inc NFLX 790,166 Com 2.40 -19.5 13 Talisman Energy Inc TLM 759,080 Com 2.31 -14.3 14 Hologic Inc HOLX 734,330 Com 2.23 -3.8 15 Navistar Intl Corp NAV 450,801 New Com 1.37 -11.3 16 Mentor Graphics Corp MENT 354,969 Com 1.08 -8.5 17 Cvr Refng Lp CVRR 139,680 Comunit Rep Lt 0.42 +2.9 18 Enzon Pharmaceuticals Inc ENZN 6,082 Com 0.02 -11.2 19 Voltari Corp VLTC 2,428 Com New 0.01 +4.4
Sold Positions: None New Positions: EBAY Top Increases: FRX, ARII, AAPL Top Decreases: HLF, NFLX, RIG Fund Background: Icahn Enterprises L.P. a master limited partnership, is a diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion. Carl Icahn has battled corporate boards for decades, and in the past year has been active at Netflix, Chesapeake Energy, Dell, and Herbalife.
16 twitter @chensj Jana Partners Total Value: $8,502,653,000 Positions: 49 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Walgreen Co WAG 801,969 Com 9.43 +90.0 2 Oil Sts Intl Inc OIS 603,519 Com 7.10 -3.1 3 Ashland Inc New ASH 596,606 Com 7.02 -8.1 4 Equinix Inc EQIX 592,843 Com New 6.97 +11.0 5 Cameron International Corp CAM 480,953 Com 5.66 +28.4 6 Qep Res Inc QEP 471,286 Com 5.54 +11.7 7 Aercap Holdings Nv AER 415,850 Shs 4.89 New 8 American Intl Group Inc AIG 322,645 Com New 3.79 +12577.6 9 Groupon Inc GRPN 319,707 Com Cl A 3.76 -12.4 10 Urs Corp New URS 317,449 Com 3.73 -16.6 11 Liberty Media Corp Delaware LMCA 293,580 Cl A 3.45 +277.9 12 Sirius Xm Hldgs Inc SIRI 231,264 Com 2.72 +32.5 13 Juniper Networks Inc JNPR 225,417 Com 2.65 -25.6 14 Liberty Interactive Corp LVNTA 217,101 Lbt Vent Com A 2.55 -8.7 15 Leucadia Natl Corp LUK 216,652 Com 2.55 New 16 Ebay Inc EBAY 212,690 Com 2.50 New 17 Mallinckrodt Pub Ltd Co MNK 207,204 Shs 2.44 +19.7 18 Actavis Plc ACT 185,654 Shs 2.18 +122.4 19 Endo Intl Plc ENDP 175,965 Shs 2.07 New 20 Supervalu Inc SVU 169,220 Com 1.99 +35.9 21 Constellium Nv CSTM 155,628 Cl A 1.83 New 22 Golar Lng Ltd Bermuda GLNG 134,542 Shs 1.58 +65.9 23 Outerwall Inc OUTR 124,848 Com 1.47 -50.1 24 Liberty Interactive Corp LINTA 110,654 Int Com Ser A 1.30 New 25 Teva Pharmaceutical Inds Ltd TEVA 107,431 Adr 1.26 New 26 Spdr S&p 500 Etf Tr SPY 93,505 Tr Unit 1.10 New 27 Lyondellbasell Industries LYB 88,940 Shs A 1.05 New 28 Teekay Corporation TK 76,396 Com 0.90 -26.1 29 Sunedison Inc SUNE 73,512 Com 0.86 New 30 Gulfport Energy Corp GPOR 71,180 Com New 0.84 New 31 Knowles Corp KN 67,108 Com 0.79 New 32 Applied Matls Inc AMAT 65,282 Com 0.77 New 33 Constellation Brands Inc STZ 63,728 Cl A 0.75 New 34 Newfield Expl Co NFX 55,807 Com 0.66 New 35 Kinder Morgan Inc Del KMIWS 47,074 *w Exp 05/25/201 0.55 -25.5 36 Spdr Gold Trust GLD 29,641 Gold Shs 0.35 New 37 Ep Energy Corp 19,570 Cl A 0.23 New 38 Hd Supply Hldgs Inc HDS 18,138 Com 0.21 New 39 Valeant Pharmaceuticals Intl VRX 8,635 Com 0.10 New 40 Energy Transfer Equity L P ETE 7,773 Com Ut Ltd Ptn 0.09 +37.8 41 Ishares EWH 5,817 Msci Hong Kg Etf 0.07 -4.0 42 General Mtrs Co GMWSA 4,131 *w Exp 07/10/201 0.05 -20.2 43 Santander Consumer Usa Hdg I SC 3,612 Com 0.04 New 44 Hertz Global Holdings Inc HTZ 3,330 Com 0.04 New 45 General Mtrs Co GMWSB 2,896 *w Exp 07/10/201 0.03 -24.7 46 North Atlantic Drilling Ltd NADL 2,652 Com 0.03 New 47 Visteon Corp VC 1,946 Com New 0.02 -99.1 48 American Cap Ltd ACAS 1,060 Com 0.01 New 49 General Mtrs Co GM 243 Com 0.00 -99.9
Sold Positions: ADSK, SWY, SHLD, MDLZ, CCK, MTW, ALLE, HAL, OC, KMI, APC, GOGO, OPK, HUN, CHTR, AXL, EW, ENDP, FXI New Positions: AER, LUK, EBAY, ENDP, CSTM, LINTA, TEVA, SPY, LYB, SUNE, GPOR, KN, AMAT, STZ, NFX, GLD, Ep Energy Corp - CL A, HDS, VRX, SC, HTZ, NADL, ACAS 17 twitter @chensj Top Increases: AIG, LMCA, ACT Top Decreases: GM, VC, OUTR Fund Background: Founded in 2001, JANA Partners LLC is a value-oriented investment advisor specializing in event-driven investing.
18 twitter @chensj Childrens Investment Fund Management Total Value: $1,162,222,000 Positions: 5 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Moodys Corp MCO 770,959 Com 66.33 +1.1 2 Twenty First Centy Fox Inc FOXA 188,720 Cl A 16.24 -78.7 3 Mcgraw Hill Finl Inc MHFI 136,079 Com 11.71 +1.3 4 Ambac Finl Group Inc AMBC 61,619 Com New 5.30 +26.3 5 Cme Group Inc CME 4,845 Com 0.42 New
Sold Positions: DIS New Positions: CME Top Increases: AMBC, MHFI, MCO Top Decreases: FOXA Fund Background: The Children’s Investment Fund Management (UK) is a Londonbased hedge fund founded by Chris Hohn in 2003 which manages The Children’s Investment Master Fund. TCI makes longterm investments in companies globally. The management company is authorized and regulated in the United Kingdom by the Financial Services Authority.
19 twitter @chensj Corvex Management Total Value: $7,126,897,000 Positions: 49 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Williams Cos Inc Del WMB 1,691,495 Com 23.73 +181.1 2 Signet Jewelers Limited SIG 581,238 Shs 8.16 +755.5 3 Fidelity National Financial FNF 574,898 Cl A 8.07 -3.1 4 Thermo Fisher Scientific Inc TMO 353,481 Com 4.96 -15.6 5 Crown Castle Intl Corp CCI 259,395 Com 3.64 +29.7 6 Dollar Gen Corp New DG 241,890 Com 3.39 +90.0 7 Tw Telecom Inc TWTC 239,470 Com 3.36 +2.6 8 Hca Holdings Inc HCA 215,863 Com 3.03 +10.0 9 Level 3 Communications Inc LVLT 212,882 Com New 2.99 -19.0 10 Cbs Corp New CBS 198,118 Cl B 2.78 -19.6 11 Spdr Series Trust XOP 179,575 S&p Oilgas Exp 2.52 New 12 American Tower Corp New AMT 171,927 Com 2.41 +7.7 13 Lamar Advertising Co LAMR 154,009 Cl A 2.16 +74.1 14 Actavis Plc ACT 151,632 Shs 2.13 +351.8 15 Commonwealth Reit CWH 149,259 Com Sh Ben Int 2.09 +12.8 16 Viacom Inc New VIAB 147,883 Cl B 2.07 New 17 Anadarko Pete Corp APC 135,750 Com 1.90 +1082.9 18 Danaher Corp Del DHR 126,173 Com 1.77 New 19 Allergan Inc AGN 111,814 Com 1.57 +137.1 20 Time Warner Inc TWX 105,835 Com New 1.49 New 21 Nationstar Mtg Hldgs Inc NSM 86,294 Com 1.21 +128.9 22 Iac Interactivecorp IACI 70,326 Com Par $.001 0.99 New 23 Eastman Chem Co EMN 68,855 Com 0.97 New 24 Evertec Inc EVTC 65,460 Com 0.92 +.2 25 Ncr Corp New NCR 64,686 Com 0.91 New 26 Sba Communications Corp SBAC 63,672 Com 0.89 +18.1 27 Pepsico Inc PEP 62,425 Com 0.88 New 28 Mylan Inc MYL 61,501 Com 0.86 New 29 Eqt Corp EQT 54,690 Com 0.77 -20.3 30 General Mtrs Co GM 51,630 Com 0.72 -75.9 31 Monsanto Co New MON 51,167 Com 0.72 New 32 Anheuser Busch Inbev Sa/nv BUD 47,512 Sponsored Adr 0.67 New 33 Madison Square Garden Co MSG 45,697 Cl A 0.64 New 34 Istar Finl Inc STAR 43,297 Com 0.61 -26.7 35 Platform Specialty Prods Cor PAH 38,970 Com 0.55 New 36 Family Dlr Stores Inc FDO 33,976 Com 0.48 -70.6 37 Zale Corp New ZLC 32,904 Com 0.46 New 38 Endo Intl Plc ENDP 32,441 Shs 0.46 New 39 Walgreen Co WAG 29,449 Com 0.41 New 40 Teva Pharmaceutical Inds Ltd TEVA 26,420 Adr 0.37 New 41 Centerpoint Energy Inc CNP 23,514 Com 0.33 +44.9 42 Kroger Co KR 21,825 Com 0.31 New 43 Phillips 66 PSX 15,412 Com 0.22 -81.6 44 Time Warner Cable Inc TWC 13,718 Com 0.19 +1.2 45 Lifepoint Hospitals Inc LPNT 8,442 Com 0.12 -56.8 46 Vivus Inc VVUS 5,421 Com 0.08 -34.6 47 Crown Castle Intl Corp CCIPRA 3,539 Cnv Pfd Stk Sr A 0.05 +1.0 48 Ariad Pharmaceuticals Inc ARIA 806 Com 0.01 -83.7 49 Cf Inds Hldgs Inc CF 261 Com 0.00 -98.9
Sold Positions: KBR, HLF, NRF, LIN, ADT, STWD, CRR, CYH, POT, XLU, NXST, MHFI, S, ENDP, VRX, HTZ New Positions: XOP, VIAB, DHR, TWX, IACI, EMN, NCR, PEP, MYL, MON, BUD, MSG, PAH, ZLC, ENDP, WAG, TEVA, KR Top Increases: 20 twitter @chensj APC, SIG, ACT Top Decreases: CF, ARIA, PSX Fund Background: Keith Meister has been Managing Partner of Corvex Management LP since December 2010. Meister previously was with Icahn Enterprises,serving as Vice Chairman of the Board of Icahn Enterprises G.P. Inc.
21 twitter @chensj Fairholme Capital Management Total Value: $9,897,654,000 Positions: 47 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 American Intl Group Inc AIG 3,784,838 Com New 38.24 -7.0 2 Bank Of America Corporation BAC 1,701,811 Com 17.19 +9.6 3 Sears Hldgs Corp SHLD 1,170,231 Com 11.82 +11.9 4 Federal National Mortgage Association FNMAS 618,758 Pfd 6.25 +19.8 5 American Intl Group Inc AIGWS 500,682 *w Exp 01/19/202 5.06 +2.0 6 St Joe Co JOE 478,309 Com 4.83 +.2 7 Leucadia Natl Corp LUK 448,968 Com 4.54 -11.8 8 Federal Home Loan Mortgage Corp FMCKJ 438,921 Pfd 4.43 +22.6 9 Federal National Mortgage Association 118,555 Pfd 1.20 +31.7 10 Bank Of America Corporation BACWS 86,469 *w Exp 01/16/201 0.87 +34.9 A 11 Federal National Mortgage Association FNMA 74,735 Pfd 0.76 -4.5 12 Federal Home Loan Mortgage Corp FMCC 66,317 Com 0.67 +18.0 13 Federal Home Loan Mortgage Corp FMCKM 52,193 Pfd 0.53 +28.0 14 Federal Home Loan Mortgage Corp FMCKI 39,024 Pfd 0.39 +31.0 15 Berkshire Hathaway Inc Del BRKB 36,107 Cl B New 0.36 -57.1 16 Federal National Mortgage Association FNMAH 30,883 Pfd 0.31 +23.7 17 Federal Home Loan Mortgage Corp FMCCM 28,717 Pfd 0.29 +25.0 18 Wells Fargo & Co New WFCWS 25,102 *w 10/28/201 0.25 +17.8 19 Federal Home Loan Mortgage Corp FMCCH 23,550 Pfd 0.24 +31.2 20 Federal Home Loan Mortgage Corp FMCCI 23,079 Pfd 0.23 +24.1 21 Genworth Finl Inc GNW 18,998 Com Cl A 0.19 New 22 Jpmorgan Chase & Co JPMWS 15,217 *w Exp 10/28/201 0.15 +4.2 23 Hartford Finl Svcs Group Inc HIGWS 14,767 *w Exp 06/26/201 0.15 -3.2 24 Federal National Mortgage Association FNMAI 14,078 Pfd 0.14 +27.3 25 Federal National Mortgage Association FNMAJ 14,025 Pfd 0.14 +19.0 26 Chesapeake Energy Corp CHK 13,740 Com 0.14 -45.4 27 Federal Home Loan Mortgage Corp FMCCL 9,237 Pfd 0.09 +26.3 28 Lincoln Natl Corp Ind LNCWS 8,545 *w Exp 07/10/201 0.09 -1.8 29 Wells Fargo & Co New WFC 7,441 Com 0.08 +9.6 30 Federal National Mortgage Association FNMAO 4,600 Pfd 0.05 +23.1 31 Federal Home Loan Mortgage Corp FMCKO 4,428 Pfd 0.04 +24.3 32 Federal Home Loan Mortgage Corp FMCKN 4,143 Pfd 0.04 +32.1 33 Federal Home Loan Mortgage Corp FMCKK 3,477 Pfd 0.04 +23.2 34 Federal Home Loan Mortgage Corp 2,797 Pfd 0.03 +31.9 35 Citigroup Inc C 2,597 Com New 0.03 -8.7 36 Vodafone Group Plc New VOD 2,429 Spnsr Ad No Par 0.02 New 37 At&t Inc T 2,402 Com 0.02 New 38 Lincoln Natl Corp Ind LNC 2,250 Com 0.02 -1.8 39 Hartford Finl Svcs Group Inc HIG 1,834 Com 0.02 -2.7 40 Federal Home Loan Mortgage Corp FMCCS 1,065 Pfd 0.01 +32.5 41 Federal Home Loan Mortgage Corp FMCCP 785 Pfd 0.01 +32.2 42 Berkshire Hathaway Inc Del BRKA 562 Cl A 0.01 -47.3 43 Federal Home Loan Mortgage Corp FMCKL 423 Pfd 0.00 +27.0 44 Federal Home Loan Mortgage Corp FMCCK 169 Pfd 0.00 +28.0 45 Federal Home Loan Mortgage Corp FMCCT 166 Pfd 0.00 +30.7 46 Federal Home Loan Mortgage Corp FMCKP 151 Pfd 0.00 +41.1 47 Federal National Mortgage Association FNMAG 79 Pfd 0.00 +27.4
Sold Positions: GNW New Positions: GNW, VOD, T Top Increases: FMCKP, BACWSA, FMCCS 22 twitter @chensj Top Decreases: BRKB, BRKA, CHK Fund Background: Bruce Berkowitz founded Fairholme Capital Management in 1997 and was formerly a senior portfolio manager at Lehman Brothers Holdings and a managing director of Smith Barney. Berkowitz was named 2009 Domestic-Stock Fund Manager of the Year and Domestic-Stock Fund Manager of the Decade by Morningstar.
23 twitter @chensj Leon Cooperman Total Value: $7,543,454,000 Positions: 79 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Sprint Corp S 397,334 Com Ser 1 5.27 -8.9 2 Sandridge Energy Inc SD 293,193 Com 3.89 +19.2 3 American International Group AIG 286,712 Com New 3.80 -3.9 4 Sirius Xm Holdings Inc SIRI 275,252 Com 3.65 +.5 5 Slm Corp SLM 259,025 Com 3.43 -7.0 6 Citigroup Inc C 255,136 Com New 3.38 +24.8 7 Halliburton Co HAL 208,741 Com 2.77 +16.1 8 Chimera Investment Corp CIM 202,490 Com 2.68 +5.1 9 Motorola Solutions Inc MSI 201,027 Com New 2.66 -9.8 10 Dish Network Cor DISH 194,001 Cl A 2.57 -14.7 11 Atlas Energy Lp ATLS 165,951 Com Units Lp 2.20 +5.0 12 Ebay Inc EBAY 160,533 Com 2.13 +242.1 13 Qualcomm Inc QCOM 158,791 Com 2.11 -18.4 14 Kkr Financial Holdings Llc KFN 157,461 Com 2.09 -14.2 15 Eastman Chemical Co EMN 156,204 Com 2.07 -6.5 16 Harbinger Group Inc HRG 150,971 Com 2.00 +96.0 17 Lyondellbasell Indu LYB 150,827 Shs - A - 2.00 -1.0 18 Sunedison Inc SUNE 140,721 Com 1.87 +33.1 19 Hca Holdings Inc HCA 136,684 Com 1.81 +13.1 20 Caesars Entertainment Corp CZR 135,873 Com 1.80 +19.4 21 E*trade Financial Corp ETFC 135,404 Com New 1.79 +.9 22 Altisource Portfolio Sol ASPS 130,157 Reg Shs 1.73 -11.3 23 Mckesson Corp MCK 125,538 Com 1.66 +12.2 24 Capital One Financial Corp COF 125,011 Com 1.66 +1.4 25 Gaming And Leisure Propertie GLPI 117,117 Com 1.55 +3.8 26 Realogy Holdings Corp RLGY 115,588 Com 1.53 +25.1 27 Boston Scientific Corp BSX 115,367 Com 1.53 +12.5 28 Unitedhealth Group Inc UNH 111,698 Com 1.48 +9.7 29 Atlas Resource Partners Lp ARP 109,259 Com Unt Ltd Pr 1.45 +2.2 30 Kinder Morgan Inc KMI 108,892 Com 1.44 -16.5 31 Atlas Pipeline Partners Lp APL 107,809 Unt Lp Int 1.43 -7.6 32 Denbury Resources Inc DNR 103,651 Com New 1.37 +33.7 33 Thermo Fisher Scientific Inc TMO 101,939 Com 1.35 +11.0 34 Jpmorgan Chase & Co JPM 101,568 Com 1.35 +2402.3 35 Freeport-mcmoran Copper FCX 98,747 Com 1.31 -9.8 36 Transocean Ltd RIG 98,494 Reg Shs 1.31 -30.9 37 Xl Group Plc XL 97,130 Shs 1.29 -5.0 38 Cameron International Corp CAM 93,291 Com 1.24 +10.0 39 Dollar General Corp DG 92,657 Com 1.23 New 40 Intercontinentalexchange Gro ICE 85,101 Com 1.13 -11.6 41 Adt Corp/the ADT 80,483 Com 1.07 New 42 New Residential Investment NRZ 73,525 Com 0.97 +41.9 43 Time Warner Cable TWC 73,254 Com 0.97 New 44 Linn Energy Llc-units LINE 71,313 Unit Ltd Liab 0.95 -9.3 45 Wpx Energy Inc WPX 68,782 Com 0.91 +51.4 46 Pvh Corp PVH 67,264 Com 0.89 +3.7 47 Pennymac Mortgage Investment PMT 59,862 Com 0.79 +4.1 48 New Media Investment Group NEWM 58,658 Com 0.78 New 49 Kar Auction Services Inc KAR 57,616 Com 0.76 +66.3 50 Assured Guaranty Ltd AGO 57,044 Com 0.76 +26.5 51 Newcastle Investment Corp NCT 56,612 Com 0.75 -17.6 52 Weyerhaeuser Co WY 56,187 Com 0.74 -25.7 53 Pennymac Financial Service PFSI 54,772 Cl A 0.73 +13.1 54 Actavis Plc ACT 54,364 Shs 0.72 New 55 Loral Space & Communications LORL 54,240 Com 0.72 -11.3 56 United Continental Holdings UAL 52,940 Com 0.70 +18.8 24 twitter @chensj Leon Cooperman Total Value: $7,543,454,000 Positions: 79 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Sunpower Corp SPWR 45,058 Com 0.60 New 58 Energy Xxi Bermuda EXXI 33,007 Usd Unrs Shs 0.44 -29.1 59 Lin Media Llc LIN 28,393 Cl A Com 0.38 +64.8 60 Cobalt International Energy CIE 25,470 Com 0.34 +92.8 61 Comcast Corp CMCSK 24,507 Cl A Spl 0.32 -58.8 62 Anadarko Petroleum Corp APC 19,524 Com 0.26 New 63 Supervalu Inc SVU 17,794 Com 0.24 -33.4 64 National Oilwell Varco Inc NOV 14,266 Com 0.19 New 65 Thl Credit Inc TCRD 12,878 Com 0.17 -16.3 66 Express Scripts Holding Co ESRX 10,610 Com 0.14 -12.7 67 Center Bancorp Inc CNBC 10,355 Com 0.14 +1.3 68 Ellington Financial Llc EFC 8,874 Com 0.12 +5.1 69 Ocwen Financial Corp OCN 8,710 Com New 0.12 New 70 Resource Capital Corp RSO 5,570 Com 0.07 -6.1 71 Platform Specialty Products PAH 5,080 Com New 0.07 New 72 Caesars Acquisition Co CACQ 4,303 Cl A 0.06 -89.1 73 Ag Mortgage Investment Trust MITT 3,502 Com 0.05 +12.0 74 Resource America Inc REXI 3,414 Cl A 0.05 -22.0 75 Apollo Investment Corp AINV 1,247 Com 0.02 -1.9 76 Two Harbors Investment Corp TWO 1,025 Com 0.01 +10.5 77 Teekay Lng Partners Lp TGP 827 Prtnrsp Units 0.01 -3.2 78 Enlink Midstream Partners Lp ENLK 703 Com Unit Rep Ltd 0.01 New 79 Silver Bay Realty Trust Corp SBY 76 Com 0.00 -2.6
Sold Positions: TMUS, EWW, GM, GCI, XTEX, LEN, MET, WMB, KKR New Positions: DG, ADT, TWC, NEWM, ACT, SPWR, APC, NOV, OCN, PAH, ENLK Top Increases: JPM, EBAY, HRG Top Decreases: CACQ, CMCSK, SVU Fund Background: Leon Cooperman is the Chairman and CEO of Omega Advisors, which manages over $6 billion in assets. Cooperman spent 25 years with Goldman Sachs and retired in 1991 as General Parnter and CEO of Goldman Sachs Asset Management.
25 twitter @chensj Kerrisdale Advisers Total Value: $203,440,000 Positions: 42 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Amerco UHAL 30,196 Com 14.84 +4.5 2 Jones Lang Lasalle Inc JLL 19,219 Com 9.45 +24.7 3 Herbalife Ltd HLF 16,664 Com Usd Shs 8.19 +121.0 4 Ing U S Inc VOYA 14,401 Com 7.08 +38.4 5 Jgwpt Hldgs Inc JGW 12,665 Cl A 6.23 +223.6 6 Iac Interactivecorp IACI 11,357 Com Par $.001 5.58 +164.9 7 Foot Locker Inc FL 10,748 Com 5.28 +11.4 8 Morgans Hotel Group Co MHGC 8,864 Com 4.36 -14.3 9 Nu Skin Enterprises Inc NUS 7,768 Cl A 3.82 New 10 Bgc Partners Inc BGCP 7,381 Cl A 3.63 New 11 Chicos Fas Inc CHS 6,982 Com 3.43 -39.5 12 Everest Re Group Ltd RE 6,150 Com 3.02 -36.6 13 Harbinger Group Inc HRG 5,951 Com 2.93 +294.4 14 Chubb Corp CB 5,434 Com 2.67 -35.9 15 Metlife Inc MET 4,898 Com 2.41 -.8 16 Stewart Information Svcs Cor STC 4,677 Com 2.30 +110.5 17 Travelcenters Of America Llc TA 3,881 Com 1.91 +17.9 18 Viasat Inc VSAT 3,310 Com 1.63 New 19 Ishares TUR 2,322 Msci Turkey Etf 1.14 +35.6 20 Violin Memory Inc VMEM 2,251 Com 1.11 New 21 International Business Machs IBM 2,149 Com 1.06 -66.2 22 Blyth Inc BTH 1,412 Com New 0.69 +7.5 23 Cooper Std Hldgs Inc CPS 1,378 Com 0.68 New 24 Accretive Health Inc AH 1,354 Com 0.67 New 25 Ruby Tuesday Inc RT 1,260 Com 0.62 -53.0 26 Oci Res Lp OCIR 1,126 Com Unit Ltd 0.55 +5.8 27 Geeknet Inc GKNT 1,065 Com New 0.52 +96.5 28 Premier Exibitions Inc PRXI 1,064 Com 0.52 +14.4 29 Retractable Technologies Inc RVP 1,030 Com 0.51 +214.0 30 Adcare Health Systems Inc ADK 1,014 Com New 0.50 -3.2 31 Wi-lan Inc WILN 1,012 Com 0.50 -10.4 32 Stonegate Mtg Corp SGM 729 Com 0.36 New 33 Stock Bldg Supply Hldgs Inc STCK 672 Com 0.33 +12.8 34 Senomyx Inc SNMX 632 Com 0.31 New 35 Revett Mng Co RVM 502 Com New 0.25 -32.7 36 Skilled Healthcare Group Inc SKH 490 Cl A 0.24 +10.4 37 Smartpros Ltd SPRO 394 Com 0.19 -16.7 38 Solar Cap Ltd SLRC 272 Com 0.13 New 39 First South Bancorp Inc Va FSBK 212 Com 0.10 +10.4 40 Ziprealty Inc ZIPR 209 Com 0.10 New 41 Asure Software Inc ASUR 197 Com 0.10 +18.0 42 Radiant Logistics Inc RLGT 148 Com 0.07 +18.4
Sold Positions: ETFC, TWGP, GRMN, AGO, IBKR, COO, JPM, SYNC, BKEP, UNP, SVVC, GLPI, AES, PRA, BRKB, LNN, DLLR, CALL, EXXI, MUSA, STNR, WMT, BRKA New Positions: NUS, BGCP, VSAT, VMEM, CPS, AH, SGM, SNMX, SLRC, ZIPR Top Increases: HRG, JGW, RVP Top Decreases: IBM, RT, CHS Fund Background:
26 twitter @chensj Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. They manage investment partnerships and separately managed accounts.
27 twitter @chensj Fairfax Financial Holdings Total Value: $1,425,206,000 Positions: 42 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Resolute Forest Products RFP 582,623 Com 40.88 +25.3 2 Blackberry Limited BBRY 376,595 Com 26.42 -2.4 3 Sandridge Energy Inc SD 199,324 Com 13.99 +1.3 4 Exco Resources Inc XCO 98,151 Com 6.89 +71.0 5 Overstock.com Inc OSTK 62,738 Com 4.40 -36.0 6 Baldwin & Lyons Inc BWINB 25,498 Cl B 1.79 -3.2 7 Intel Corp 13,534 Sdcv 2.950%12/1 0.95 +5.1 8 Bce Inc. BCE 11,573 Com New 0.81 -.4 9 Kennedy-wilson KW 9,004 Com 0.63 +1.2 10 Johnson & Johnson JNJ 8,320 Com 0.58 +7.2 11 Pfizer Inc PFE 7,548 Com 0.53 +4.9 12 Cresud S A C I F Y A CRESY 6,695 Sponsored Adr 0.47 -8.0 13 Wells Fargo & Co. New WFC 3,447 Com 0.24 +9.6 14 Berkshire Hathaway Inc. BRKB 3,061 Cl B New 0.21 +22.4 15 Dex Media Inc New DXM 1,461 Com 0.10 +35.4 16 Usg Corp USG 1,400 Com New 0.10 +15.2 17 Us Bancorp Del USB 1,286 Com New 0.09 +6.1 18 New York Times Co NYT 1,198 Cl A 0.08 +7.8 19 Berkshire Hathaway Inc. BRKA 1,124 Cl A 0.08 +5.4 20 Citigroup Inc C 952 Com New 0.07 -8.6 21 Ultra Petroleum Corp UPL 874 Com 0.06 +24.3 22 K12 Inc LRN 750 Com 0.05 +4.2 23 Old Republic Intl Corporation ORI 738 Com 0.05 -5.0 24 Merck & Co. Inc. MRK 681 Com 0.05 +13.3 25 New York Community Bancorp Inc NYCB 642 Com 0.05 -4.7 26 Patterson Uti Energy Inc PTEN 538 Com 0.04 +11.9 27 Bp Plc BP 529 Sponsored Adr 0.04 +55.6 28 Steel Partners Holdings SPLP 509 Ltd Prtrship U 0.04 New 29 Hologic Inc HOLX 430 Com 0.03 -3.8 30 Mbia Inc MBI 419 Com 0.03 +17.0 31 Morgan Stanley APF 413 Com 0.03 New 32 Cooper Tire & Rubber Co. CTB 398 Com 0.03 -26.4 33 Harvest Natural Resources Inc HNR 375 Com 0.03 New 34 Slm Corp SLM 367 Com 0.03 -6.9 35 New Oriental Ed & Tech Grp Inc EDU 326 Spon Adr 0.02 -6.9 36 Sterling Bancorp/de STL 317 Com 0.02 -5.1 37 Newmarket Corp NEU 293 Com 0.02 +16.7 38 Nam Tai Electrs Inc NTE 250 Com Par $0.02 0.02 +.0 39 General Dynamics Corp GD 240 Com 0.02 +14.3 40 Intl Business Machs Corp IBM 231 Com 0.02 +2.7 41 Csx Corp CSX 220 Com 0.02 +.5 42 Penn West Pete Ltd New PWE 133 Com 0.01 +.0
Sold Positions: EVAC, VPHM, HPQ New Positions: SPLP, APF, HNR Top Increases: XCO, BP, DXM Top Decreases: OSTK, CTB, C Fund Background: Fairfax Financial is a financial holding company based in Toronto, Ontario, which is engaged in property, casualty, and life
28 twitter @chensj insurance and reinsurance, investment management, and insurance claims management. The company operates primarily through several subsidiaries, including Odyssey Re, Northbridge Financial, Crum & Forster and Zenith Insurance Company.
29 twitter @chensj Oskie Capital Management Total Value: $347,828,000 Positions: 26 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Air Prods & Chems Inc APD 44,775 Com 12.87 New 2 Block H & R Inc HRB 39,026 Com 11.22 +64.7 3 Ncr Corp New NCR 29,240 Com 8.41 New 4 Citigroup Inc C 26,180 Com New 7.53 +45.5 5 American Airls Group Inc AAL 25,620 Com 7.37 +153.7 6 Commonwealth Reit CWH 24,393 Com Sh Ben Int 7.01 +112.1 7 United Contl Hldgs Inc UAL 15,621 Com 4.49 +37.6 8 Delta Air Lines Inc Del DAL 12,994 Com New 3.74 -24.9 9 Express Scripts Hldg Co ESRX 10,328 Com 2.97 -2.7 10 Meadwestvaco Corp MWV 10,086 Com 2.90 +46.2 11 Weyerhaeuser Co WY 9,698 Com 2.79 +12.3 12 Viacom Inc New VIAB 9,675 Cl B 2.78 +11.5 13 Northstar Rlty Fin Corp NRF 9,413 Com 2.71 New 14 Mcgraw Hill Finl Inc MHFI 8,798 Com 2.53 +20.6 15 Transdigm Group Inc TDG 7,968 Com 2.29 +49.9 16 Bank Of America Corporation BAC 6,966 Com 2.00 +14.9 17 Actavis Plc ACT 6,572 Shs 1.89 New 18 Asbury Automotive Group Inc ABG 6,380 Com 1.83 New 19 Computer Sciences Corp CSC 6,371 Com 1.83 +22.8 20 Forest Labs Inc FRX 6,090 Com 1.75 New 21 Jpmorgan Chase & Co JPM 6,071 Com 1.75 -24.8 22 Amerco UHAL 5,872 Com 1.69 -7.9 23 Charter Communications Inc D CHTR 5,762 Cl A New 1.66 +27.8 24 Fiesta Restaurant Group Inc FRGI 5,571 Com 1.60 +4.9 25 Hertz Global Holdings Inc HTZ 5,328 Com 1.53 -28.4 26 Barrick Gold Corp ABX 3,031 Com 0.87 -7.1
Sold Positions: ETFC, VC, INXN, AMTD, GM, SXC, LEA New Positions: APD, NCR, NRF, ACT, ABG, FRX Top Increases: AAL, CWH, HRB Top Decreases: HTZ, DAL, JPM Fund Background: David Markowitz is a founder of Oskie Capital Management where he also serves as portfolio manager. In 2009 he was a member of the Auto Team at the U.S. Department of the Treasury, where he focused on the restructuring of General Motors in connection with the Presidential Task Force on the Auto Industry. Prior to his work at the Department of the Treasury, Mr. Markowitz was a founder and Senior Analyst at SLS Capital, an asset manager with in excess of $1 billion in capital under management. Mr. Markowitz is a director of RoadOne Intermodal Logistics. Mr. Markowitz has a bachelor's degree from the University of Michigan.
30 twitter @chensj Perry Corp Total Value: $3,574,617,000 Positions: 19 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Ishares EFA 586,979 Msci Eafe Etf 16.42 New 2 American Intl Group Inc AIG 585,117 Com New 16.37 +2.3 3 Ishares IWM 570,066 Russell 2000 Etf 15.95 -17.7 4 Herbalife Ltd HLF 274,896 Com Usd Shs 7.69 +116381. 4 5 Nrg Energy Inc NRG 264,274 Com New 7.39 -19.2 6 Ebay Inc EBAY 213,889 Com 5.98 +231.8 7 Ishares EEM 143,535 Msci Emg Mkt Etf 4.02 -61.0 8 Lamar Advertising Co LAMR 143,432 Cl A 4.01 -36.2 9 Commonwealth Reit CWH 135,918 Com Sh Ben Int 3.80 -2.8 10 Hertz Global Holdings Inc HTZ 130,536 Com 3.65 +8.6 11 Nokia Corp NOK 96,652 Sponsored Adr 2.70 New 12 Citrix Sys Inc CTXS 95,638 Com 2.68 New 13 Rock-tenn Co RKT 93,088 Cl A 2.60 New 14 Ypf Sociedad Anonima YPF 56,088 Spon Adr Cl D 1.57 -14.9 15 Universal Amern Corp New UAM 54,460 Com 1.52 -3.1 16 Nmi Hldgs Inc NMIH 54,053 Cl A 1.51 -7.9 17 Johnson & Johnson JNJ 33,622 Com 0.94 +7.3 18 Scorpio Tankers Inc STNG 32,546 Shs 0.91 +96.2 19 Vodafone Group Plc New VOD 9,828 Spnsr Adr No Par 0.27 New
Sold Positions: HSH, NOA, AAL, TWC, HES, LEAP, EVV, EXXI, CHK, QQQ, JFR, BIT, FDX New Positions: EFA, NOK, CTXS, RKT, VOD Top Increases: HLF, EBAY, STNG Top Decreases: EEM, LAMR, NRG Fund Background: Richard Perry's first major investment was Florists' Transworld Delivery (FTD), which Perry Capital acquired in 1994 for $130 million. Among his actions was installing Meg Whitman as the C.E.O. In 2004, he sold his stake in the company for $450 million. In 2005, he was among the investors providing a loan of $512 million for Malcolm Glazer to purchase British football team Manchester United. Perry Capital currently owns a controlling interest in Barneys New York.
31 twitter @chensj Paulson And Co Total Value: $20,430,306,000 Positions: 80 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Extended Stay Amer Inc STAY 1,268,553 Unit 99/99/9999b 6.21 -13.3 2 Spdr Gold Trust GLD 1,265,130 Gold Shs 6.19 +6.4 3 Vodafone Group Plc New VOD 1,049,832 Spons Adr No Par 5.14 New 4 Time Warner Cable Inc TWC 819,937 Com 4.01 +1.2 5 Grifols S A GRFS 818,352 Sponsored Adr 4.01 +14.3 6 Whiting Pete Corp New WLL 655,541 Com 3.21 +2.4 7 Houghton Mifflin Harcourt Co HMHC 628,452 Com 3.08 +19.9 8 Mgm Resorts International MGM 613,262 Com 3.00 -9.4 9 Aetna Inc New AET 598,973 Com 2.93 +9.2 10 Mylan Inc MYL 592,342 Com 2.90 +12.4 11 Sprint Corp Com S 589,200 Com Ser 1 2.88 -14.6 12 Thermo Fisher Scientific Inc TMO 547,693 Com 2.68 +4.7 13 T-mobile Us Inc TMUS 535,020 Com 2.62 -18.2 14 Realogy Hldgs Corp RLGY 521,400 Com 2.55 -12.2 15 Cobalt Intl Energy Inc CIE 499,326 Com 2.44 +132.2 16 Anglogold Ashanti Ltd AU 476,278 Sponsored Adr 2.33 +29.4 17 American Airls Group Inc AAL 445,154 Com 2.18 +107.4 18 Verizon Communications Inc VZ 415,891 Com 2.04 New 19 Oasis Pete Inc New OAS 412,814 Com 2.02 +18.6 20 Equinix Inc EQIX 385,761 Com New 1.89 +4.1 21 Shire Plc SHPG 375,759 Sponsored Adr 1.84 +5.1 22 Family Dlr Stores Inc FDO 375,325 Com 1.84 -40.8 23 Mallinckrodt Pub Ltd Co MNK 357,429 Shs 1.75 +21.3 24 Freeport-mcmoran Copper & Go FCX 334,784 Com 1.64 -42.8 25 Cablevision Sys Corp CVC 324,225 Cl A Ny Cablvs 1.59 -13.9 26 Kodiak Oil & Gas Corp KOG 315,476 Com 1.54 +8.2 27 Cbs Corp New CBS 276,654 Cl B 1.35 New 28 Popular Inc BPOP 274,120 Com 1.34 +7.9 29 Caesars Entmt Corp CZR 260,437 Com 1.27 -1.4 30 Cno Finl Group Inc CNO 225,518 Com 1.10 +2.3 31 Bank Of America Corporation BACWS 222,582 * W Exp 1.09 +27.0 A 01/16/2019 32 Mgic Invt Corp Wis 211,031 Note 2.000% 1.03 +1.9 4/01/20 33 Hartford Finl Svcs Group Inc HIG 210,335 Com 1.03 -2.7 34 Pioneer Nat Res Co PXD 205,611 Com 1.01 -19.3 35 Hca Holdings Inc HCA 178,637 Com 0.87 +10.0 36 Caesars Acquisition Co CACQ 174,929 Cl A 0.86 +17.7 37 Radian Group Inc RDN 171,139 Com 0.84 +6.4 38 Genworth Finl Inc GNW 159,570 Com Cl A 0.78 +14.2 39 Compuware Corp CPWR 149,625 Com 0.73 -6.3 40 Hess Corp HES 145,040 Com 0.71 -62.4 41 Mgic Invt Corp Wis MTG 141,108 Com 0.69 +.9 42 General Mtrs Co GM 138,035 Com 0.68 +81.0 43 Valeant Pharmaceuticals Intl VRX 131,830 Com 0.65 New 44 Novagold Res Inc NG 129,274 Com New 0.63 +42.0 45 Radian Group Inc 129,127 Note 2.250% 0.63 +4.2 3/01/2019 46 Capital One Finl Corp COFWS 128,407 *w Exp 11/14/2018 0.63 -.3 47 Dollar Gen Corp New DG 110,960 Com 0.54 New 48 Auxilium Pharmaceuticals Inc AUXL 108,720 Com 0.53 New 49 Delphi Automotive Plc DLPH 108,576 Shs 0.53 +12.9 50 Arthrocare Corp ARTC 96,380 Com 0.47 New 51 Enzymotec Ltd ENZY 94,052 Shs 0.46 +100.9 52 Lyon William Homes WLH 91,739 Cl A New 0.45 +35.9 53 Hartford Finl Svcs Group Inc HIGWS 87,789 W Exp 6/26/2019 0.43 -3.2 54 Digital Rlty Tr Inc DLR 87,758 Com 0.43 -23.0 32 twitter @chensj Paulson And Co Total Value: $20,430,306,000 Positions: 80 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 55 Rock-tenn Co RKT 84,456 Cl A 0.41 +.5 56 Brixmor Ppty Group Inc BRX 63,871 Com 0.31 +4.7 57 Actavis Plc ACT 61,755 Shs 0.30 New 58 Randgold Res Ltd GOLD 50,303 Adr 0.25 +19.4 59 Cobalt Intl Energy Inc 47,094 Note 0.23 +6.5 2.625%12/01/2019 60 Whitewave Foods Co WWAV 45,735 Com Cl A 0.22 +24.6 61 Felcor Lodging Tr Inc FCH 45,200 Com 0.22 +10.8 62 Post Hldgs Inc POST 45,044 Com 0.22 -25.9 63 Howard Hughes Corp HHC 44,954 Com 0.22 +18.8 64 Agnico Eagle Mines Ltd AEM 30,663 Com 0.15 +14.9 65 Starwood Ppty Tr Inc Note 4.550% 3/0 28,531 Note 4.550% 0.14 +3.3 Added 3/01/2018 66 Redwood Tr Inc 26,625 Note 4.625% 0.13 +2.6 4/01/2018 67 Colony Finl Inc 26,453 Note 5.000% 0.13 +3.3 4/15/2023 68 Gold Fields Ltd New GFI 24,095 Sponsored Adr 0.12 +15.3 69 Vanda Pharmaceuticals Inc VNDA 22,628 Com 0.11 New 70 Dex Media Inc New DXM 20,526 Com 0.10 +35.7 71 Strategic Hotels & Resorts I BEE 16,712 Com 0.08 +7.8 72 Iamgold Corp IAG 13,601 Com 0.07 +5.7 73 Sibanye Gold Ltd SBGL 13,598 Sponsored Adr 0.07 +73.2 74 Kamada Ltd KMDA 10,849 Shs 0.05 -2.7 75 Bank Of America Corporation BACWS 10,750 * W Exp 0.05 +18.2 B 10/28/2018 76 Novacopper Inc NCQ 7,982 Com 0.04 -11.2 77 International Tower Hill Min THM 6,775 Com 0.03 +94.8 78 Allied Nevada Gold Corp ANV 6,474 Com 0.03 +21.4 79 Sunstone Hotel Invs Inc SHO 3,384 Com New 0.02 +2.5 80 Cooper Tire & Rubr Co CTB 1,356 Com 0.01 -97.2
Sold Positions: SNTS, VOD, QCOR, RHP, VPHM, MKTG, IDCC, GMWSA, MTB, FNF, IOC, ACAS, GMWSB, LIFE, GENT, AMCX New Positions: VOD, VZ, CBS, VRX, DG, AUXL, ARTC, ACT, VNDA Top Increases: CIE, AAL, ENZY Top Decreases: CTB, HES, FCX Fund Background: Founded by John Paulson in 1994, Paulson & Co. is an alternative investment manager specializing in event driven investing.
33 twitter @chensj Southeastern Asset Management Total Value: $18,401,761,000 Positions: 28 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Level 3 Communications Inc. LVLT 1,911,566 Com 10.39 +18.9 2 Chesapeake Energy Corporation CHK 1,751,353 Com 9.52 -6.0 3 Fedex Corporation FDX 1,734,793 Com 9.43 -9.5 4 Loews Corporation L 1,621,872 Com 8.81 -3.9 5 Bank Of New York Mellon Corpor BK 1,290,467 Com 7.01 -6.2 6 Mondelez International Inc MDLZ 1,177,631 Com 6.40 -5.0 7 Murphy Oil Corporation MUR 943,367 Com 5.13 -3.0 8 Consol Energy Inc. CNX 920,945 Com 5.00 +6.7 9 Aon Plc AON 848,472 Com 4.61 -2.2 10 The Travelers Companies Inc. TRV 828,417 Com 4.50 -4.9 11 Texas Industries Inc. TXI 722,351 Com 3.93 +30.3 12 Everest Re Group Ltd. RE 684,856 Com 3.72 +5.7 13 Berkshire Hathaway Inc. Class BRKB 541,557 Com 2.94 +7.7 14 Royal Philips Adr PHG 534,156 Com 2.90 -4.7 15 Abbott Laboratories ABT 529,410 Com 2.88 +2.7 16 News Corporation - Class B NWS 477,240 Com 2.59 +5.9 17 Graham Holdings Company GHC 377,921 Com 2.05 +4.9 18 Tw Telecom Inc. TWTC 338,696 Com 1.84 +1.0 19 News Corporation - Class A NWSA 297,432 Com 1.62 +115.3 20 Scripps Networks Interactive SNI 205,537 Com 1.12 +7.0 21 Empire State Realty Trust Inc. ESRT 187,602 Com 1.02 -1.2 22 Vail Resorts Inc. MTN 178,213 Com 0.97 -7.4 23 Cnh Industrial Nv CNHI 112,492 Com 0.61 -17.8 24 Dineequity Inc DIN 102,662 Com 0.56 -6.6 25 Vodafone Group Plc Adr VOD 39,377 Com 0.21 New 26 Vornado Realty Trust VNO 22,738 Com 0.12 +10.3 27 Rayonier Inc. RYN 19,325 Com 0.11 +396.0 28 Berkshire Hathaway Inc. Class BRKA 1,311 Com 0.01 +5.3
Sold Positions: DTV, LM, VOD, MLM, VMC, WEN New Positions: VOD Top Increases: RYN, NWSA, TXI Top Decreases: CNHI, FDX, MTN Fund Background: Mason Hawkins founded Southeastern in 1975 and currently serves as the firm’s Chairman and CEO. Southeastern focuses on investing with a margin of safety through the purchase of companies that are trading at 60% or less of the investment team's intrinsic value estimates.
34 twitter @chensj Becker Drapkin Management Total Value: $159,206,000 Positions: 19 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Comverse Inc CNSI 46,666 Com 29.31 -10.9 2 Emcore Corp EMKR 16,145 Com New 10.14 -1.4 3 Prgx Global Inc PRGX 12,700 Com New 7.98 +251.8 4 Cascade Microtech Inc CSCD 12,649 Com 7.95 +40.3 5 Intevac Inc IVAC 10,499 Com 6.59 +30.6 6 Tuesday Morning Corp TUES 7,460 Com New 4.69 -71.7 7 Republic Awys Hldgs Inc RJET 6,858 Com 4.31 New 8 Speed Comm Inc SPDC 6,657 Com 4.18 -45.1 9 Xo Group Inc XOXO 5,888 Com 3.70 New 10 Pacer Intl Inc Tenn PACR 5,795 Com 3.64 -76.8 11 Gastar Expl Inc New GSTZZZ 4,541 Com 2.85 New Z 12 Audience Inc ADNC 4,359 Com 2.74 -27.5 13 Vector Group Ltd VGR 4,200 Com 2.64 New 14 Telephone & Data Sys Inc TDS 3,932 Com New 2.47 New 15 Triple-s Mgmt Corp GTS 3,385 Cl B 2.13 +1644.8 16 Response Genetics Inc RGDX 2,407 Com 1.51 -2.6 17 Uranium Res Inc URRE 2,208 Com 1.39 New Par$0.001new 18 Cafepress Inc PRSS 1,680 Com 1.06 New 19 West Marine Inc WMAR 1,177 Com 0.74 -21.9
Sold Positions: PXLW, XRTX New Positions: RJET, XOXO, GSTZZZZ, VGR, TDS, URRE, PRSS Top Increases: GTS, PRGX, CSCD Top Decreases: PACR, TUES, SPDC Fund Background: Matthew Drapkin and Steven R. Becker's Becker Drapkin Management was founded in 2004 and focuses on small-cap value situations. It has had success on working its way onto the boards of smaller companies, including Tuesday Morning Corp in 2012.
35 twitter @chensj Tiger Global Management Total Value: $7,364,766,000 Positions: 55 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Priceline Com Inc PCLN 810,843 Com New 11.01 -1.5 2 Twenty First Centy Fox Inc FOXA 615,826 Cl A 8.36 -5.8 3 Carter Inc CRI 503,563 Com 6.84 +24.1 4 Transdigm Group Inc TDG 485,774 Com 6.60 +15.0 5 Dollar Gen Corp New DG 437,940 Com 5.95 -8.0 6 Liberty Global Plc LBTYK 363,825 Shs Cl C 4.94 -7.0 7 Fidelity Natl Information Sv FIS 335,779 Com 4.56 -.6 8 Vipshop Hldgs Ltd VIPS 334,251 Sponsored Adr 4.54 +173.6 9 Coca Cola Enterprises Inc Ne CCE 320,084 Com 4.35 -7.5 10 Colfax Corp CFX 262,133 Com 3.56 +14.8 11 Mastercard Inc MA 256,968 Cl A 3.49 -12.1 12 Fleetcor Technologies Inc FLT 220,877 Com 3.00 -7.9 13 Charter Communications Inc D CHTR 200,231 Cl A New 2.72 +330.0 14 Makemytrip Limited Mauritius MMYT 194,566 Shs 2.64 +40.6 15 Burger King Worldwide Inc BKW 191,160 Com 2.60 +16.1 16 Avis Budget Group CAR 189,823 Com 2.58 New 17 Comcast Corp New CMCSA 182,337 Cl A 2.48 -3.8 18 Zillow Inc Z 144,067 Cl A 1.96 New 19 Restoration Hardware Hldgs I RH 142,613 Com 1.94 +16.6 20 Motorola Solutions Inc MSI 123,565 Com New 1.68 -38.7 21 Liberty Media Corp Delaware LMCA 118,311 Cl A 1.61 -11.6 22 Gap Inc Del GPS 110,766 Com 1.50 +41.4 23 Myriad Genetics Inc MYGN 80,207 Com 1.09 +218.0 24 3-d Sys Corp Del DDD 76,114 Com New 1.03 +5.3 25 Visa Inc V 61,408 Com Cl A 0.83 -3.2 26 Trulia Inc TRLA 56,865 Com 0.77 New 27 58 Com Inc WUBA 52,550 Spon Adr Rep A 0.71 +356.9 28 Uti Worldwide Inc UTIW 51,933 Ord 0.71 New 29 Resmed Inc RMD 44,690 Com 0.61 -5.1 30 Iac Interactivecorp IACI 41,335 Com Par $.001 0.56 +156.2 31 Solarcity Corp SCTY 31,310 Com 0.43 +10.2 32 Kate Spade & Co KATE 30,970 Com 0.42 New 33 Qiwi Plc QIWI 29,453 Spon Adr Rep B 0.40 -38.1 34 Sodastream International Ltd SODA 26,460 Usd Shs 0.36 +33.3 35 Zynga Inc ZNGA 24,252 Cl A 0.33 -32.0 36 Markwest Energy Partners L P MWE 23,842 Unit Ltd Partn 0.32 New 37 Exone Co XONE 23,827 Com 0.32 -40.7 38 Twitter Inc TWTR 23,335 Com 0.32 -26.7 39 Vera Bradley Inc VRA 21,346 Com 0.29 +12.3 40 Bio-reference Labs Inc BRLI 19,930 Com $.01 New 0.27 +8.4 41 Hertz Global Holdings Inc HTZ 19,314 Com 0.26 New 42 Cadence Design System Inc CDNS 17,327 Com 0.24 New 43 Fireeye Inc FEYE 12,314 Com 0.17 +41.2 44 Himax Technologies Inc HIMX 11,520 Sponsored Adr 0.16 New 45 Autohome Inc ATHM 11,172 Sp Adr Rp Cl A 0.15 -28.3 46 Nimble Storage Inc NMBL 9,473 Com 0.13 -16.4 47 Qunar Cayman Is Ltd QUNR 4,589 Spns Adr Cl B 0.06 +15.3 48 Burlington Stores Inc BURL 2,952 Com 0.04 -7.8 49 Delia's Inc New DLIA 2,856 Com 0.04 -4.5 50 Castlight Health Inc CSLT 2,440 Cl B 0.03 New 51 Veeva Sys Inc VEEV 2,003 Cl A Com 0.03 -16.8 52 Criteo S A CRTO 1,622 Spons Ads 0.02 +18.6 53 Potbelly Corp PBPB 894 Com 0.01 -26.4 54 Vince Hldg Corp VNCE 659 Com 0.01 -14.1 55 Zulily Inc ZU 502 Cl A 0.01 +21.3
36 twitter @chensj Sold Positions: GRA, NFLX, YHOO, TRIP, GRPN, ALSN, YNDX, RCL, TTS, SFUN, BITA, AMZN, SSYS, QIHU, XRS, LVNTA New Positions: CAR, Z, TRLA, UTIW, KATE, MWE, HTZ, CDNS, HIMX, CSLT Top Increases: WUBA, CHTR, MYGN Top Decreases: XONE, MSI, QIWI Fund Background: Tiger Global is a fundamentally-oriented, global investment firm. The Firm deploys capital in two businesses - private equity partnerships and public equity funds. Tiger Global's private equity partnerships have ten-year horizons and invest in growth companies in the global Internet and technology sectors. The Firm's public equity funds focus on long-term trends in the technology, telecom, media, retail and consumer sectors. Tiger Global was founded in 2001 and is based in New York.
37 twitter @chensj Chou Associates Management Total Value: $361,656,000 Positions: 23 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Resolute Fst Prods Inc RFP 82,716 Com 22.87 +22.1 2 Berkshire Hathaway Inc Del BRKA 56,205 Cl A 15.54 +5.3 3 Sears Hldgs Corp SHLD 38,376 Com 10.61 -2.6 4 Nokia Corp NOK 36,700 Sponsored Adr 10.15 -9.5 5 Jpmorgan Chase & Co JPMWS 22,752 W Exp 10/28/201 6.29 +4.2 6 Sanofi SNY 21,435 Sponsored Adr 5.93 -2.5 7 Citigroup Inc C 19,516 Com New 5.40 -8.7 8 Wells Fargo & Co New WFCWS 18,593 W Exp 10/28/201 5.14 +17.8 9 Mbia Inc MBI 15,120 Com 4.18 +17.2 10 Goldman Sachs Group Inc GS 12,289 Com 3.40 -7.6 11 Overstock Com Inc Del OSTK 11,471 Com 3.17 -36.0 12 Actavis Plc ACT 7,287 Shs New 2.01 +22.5 13 Bank Of America Corporation BACWS 6,879 W Exp 01/16/201 1.90 +27.1 A 14 Blackberry Ltd BBRY 4,284 Com 1.18 +2.5 15 Chunghwa Telecom Co Ltd CHT 4,052 Spon Adr New11 1.12 -.9 16 Ryanair Hldgs Plc RYAAY 1,000 Sponsored Adr 0.28 +25.3 17 Astrazeneca Plc AZN 840 Sponsored Adr 0.23 +9.7 18 China Yuchai Intl Ltd CYD 541 Com 0.15 +1.5 19 Glaxosmithkline Plc GSK 484 Sponsored Adr 0.13 +1.3 20 Bp Plc BP 481 Sponsored Adr 0.13 -1.0 21 Utstarcom Holdings Corp UTSI 309 Shs New 0.09 -1.9 22 Vodafone Group Plc New VOD 201 Spons Adr No Par 0.06 New 23 Verizon Communications Inc VZ 125 Com 0.03 New
Sold Positions: Level 3 Communications Inc - NOTE 6.500%10/0, VOD New Positions: VOD, VZ Top Increases: BACWSA, RYAAY, ACT Top Decreases: OSTK, NOK, C Fund Background: Francis Chou was a 25-year-old telephone repairman in Canada when he pooled 51,000 Canadian dollars from himself and six co- workers to start an investment club. Thirty plus years later,Mr. Chou manages more than US$650 million for investors at his firm, Chou Associates Management Inc., and runs the best-performing bond fund in North America.
38 twitter @chensj Moab Capital Partners Total Value: $228,311,000 Positions: 32 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Macquarie Infrastr Co Llc MIC 34,617 Membership Int 15.16 +75.4 2 American Rlty Cap Pptys Inc ARCP 23,822 Com 10.43 New 3 Advanced Emissions Soluts In ADES 17,780 Com 7.79 +32.0 4 Medallion Finl Corp TAXI 15,817 Com 6.93 +108.7 5 Ishares IWM 15,124 Russell 2000 Etf 6.62 New 6 Cit Group Inc CIT 11,742 Com New 5.14 +132.5 7 Starwood Ppty Tr Inc STWD 10,746 Com 4.71 -48.8 8 Taro Pharmaceutical Inds Ltd TARO 10,371 Shs 4.54 +26.1 9 Susser Pete Partners Lp SUSP 9,913 Com U Rep Lp 4.34 -28.0 10 Great Lakes Dredge & Dock Co GLDD 8,608 Com 3.77 -26.6 11 Quality Distr Inc Fla QLTY 6,688 Com 2.93 +8.8 12 Osi Systems Inc OSIS 6,685 Com 2.93 New 13 Colony Finl Inc CLNY 6,468 Com 2.83 New 14 Suncoke Energy Partners Lp SXCP 6,016 Comunit Rep Lt 2.64 +20.0 15 Lehigh Gas Partners Lp LGP 5,920 Ut Ltd Ptn Int 2.59 -24.8 16 Nacco Inds Inc NC 4,871 Cl A 2.13 +24.0 17 Lennar Corp LENB 4,200 Cl B 1.84 -14.7 18 Starwood Waypoint Residentl SWAY 4,071 Com Shs 1.78 New 19 Suncoke Energy Inc SXC 3,338 Com 1.46 -3.6 20 Peoples Fed Bancshares Inc PEOP 2,928 Com 1.28 +15.8 21 Clifton Svgs Bancorp Inc CSBK 2,918 Com 1.28 New 22 Mgic Invt Corp Wis MTG 2,875 Com 1.26 +.9 23 Ultrapetrol Bahamas Ltd ULTR 2,720 Com 1.19 +135.3 24 Carmike Cinemas Inc CKEC 1,998 Com 0.88 New 25 Air Transport Services Grp I ATSG 1,870 Com 0.82 New 26 American Intl Group Inc AIG 1,750 Com New 0.77 +7.1 27 Ares Coml Real Estate Corp ACRE 1,574 Com 0.69 New 28 Heron Therapeutics Inc HRTX 775 Com 0.34 New 29 Ambac Finl Group Inc AMBC 732 Com New 0.32 New 30 Straight Path Communicatns I STRP 645 Cl B 0.28 -14.2 31 Gain Cap Hldgs Inc GCAP 547 Com 0.24 -54.3 32 Verastem Inc VSTM 178 Com 0.08 -5.3
Sold Positions: CSV, Gain Cap Hldgs Inc - NOTE 4.125% 12/01/18, FLWS, FUN, COLE, NPO, TUC New Positions: ARCP, IWM, OSIS, CLNY, SWAY, CSBK, CKEC, ATSG, ACRE, HRTX, AMBC Top Increases: ULTR, CIT, TAXI Top Decreases: GCAP, STWD, SUSP Fund Background: Moab Capital Partners is an event driven fund managed by Michael Rothenberg and David Sackler. Both founders previously worked at Perry Capital.
39 twitter @chensj Altai Capital Management Total Value: $846,365,000 Positions: 9 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Sunedison Inc SUNE 347,247 Com 41.03 +44.4 2 Ishares IWM 116,340 Russell 2000 Etf 13.75 New 3 Lululemon Athletica Inc LULU 113,331 Com 13.39 New 4 Spdr S&p 500 Etf Tr SPY 112,206 Tr Unit 13.26 New 5 Reald Inc RLD 50,385 Com 5.95 +30.2 6 Wausau Paper Corp WPP 37,142 Com 4.39 +24.0 7 Vocus Inc VOCS 32,792 Com 3.87 +94.4 8 Emulex Corp ELX 25,870 Com New 3.06 -24.3 9 Garmin Ltd GRMN 11,052 Shs 1.31 New
Sold Positions: IL New Positions: IWM, LULU, SPY, GRMN Top Increases: VOCS, SUNE, RLD Top Decreases: ELX Fund Background: Altai Capital is an activist fund founded in 2009 and headquarted in New York City.
40 twitter @chensj Elliot Management Corp Total Value: $5,050,984,000 Positions: 47 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Hess Corp HES 1,433,824 Com 28.39 +1.1 2 Juniper Networks Inc JNPR 957,386 Com 18.95 +1535.9 3 Ishares Tr IWM 424,641 Russell 2000 8.41 +38.9 4 Twenty First Centy Fox Inc FOX 360,800 Cl B 7.14 -8.5 5 Riverbed Technology Inc RVBD 290,061 Com 5.74 +9.0 6 Powershares Qqq Trust QQQ 233,789 Unit Ser 1 4.63 +153.1 7 Compuware Corp CPWR 220,500 Com 4.37 +5.4 8 Companhia De Saneamento Basi SBS 136,556 Sponsored Adr 2.70 +149.2 9 Select Sector Spdr Tr XLE 121,122 Sbi Int-energy 2.40 -8.8 10 Gamestop Corp New GME 82,200 Cl A 1.63 New 11 National Bk Hldgs Corp NBHC 72,462 Cl A 1.43 -6.2 12 Spdr Series Trust XOP 71,831 S&p Oilgas Exp 1.42 New 13 Boyd Gaming Corp BYD 71,016 Com 1.41 New 14 Market Vectors Etf Tr SMH 68,415 Semiconductor 1.35 -34.9 15 Select Sector Spdr Tr XLI 60,859 Sbi Int-inds 1.20 +482.3 16 Select Sector Spdr Tr XLF 45,685 Sbi Int-finl 0.90 +18.7 17 Emulex Corp ELX 45,632 Com New 0.90 -15.2 18 Spdr Series Trust XRT 42,125 S&p Retail Etf 0.83 -4.4 19 Sm Energy Co SM 33,863 Com 0.67 New 20 Hornbeck Offshore Svcs Inc N HOS 29,267 Com 0.58 New 21 Continental Resources Inc CLR 28,694 Com 0.57 New 22 Fmc Technologies Inc FTI 26,145 Com 0.52 New 23 Equinix Inc 20,226 Note 3.000% 10/1 0.40 +2.5 24 Delphi Automotive Plc DLPH 18,408 Shs 0.36 -93.7 25 Oneok Inc New OKE 15,494 Com 0.31 -7.5 26 Hartford Finl Svcs Group Inc HIGWS 13,330 *w Exp 06/26/201 0.26 -3.2 27 News Corp New NWS 13,100 Cl B 0.26 -6.2 28 Newmont Mining Corp NEM 12,329 Com 0.24 New 29 Sandisk Corp 12,323 Note 1.500% 8/1 0.24 New 30 Microchip Technology Inc 9,278 Sdcv 2.125%12/1 0.18 New 31 Ciena Corp 9,096 Com New 0.18 New 32 Williams Cos Inc Del WMB 9,005 Com 0.18 +2.1 33 Sunpower Corp 7,576 Dbcv 4.500% 3/1 0.15 New 34 Coronado Biosciences CNDO 7,388 Com 0.15 -24.4 35 Ryanair Hldgs Plc RYAAY 7,256 Sponsored Adr 0.14 New 36 Pinnacle Entmt Inc PNK 7,111 Com 0.14 New 37 Adtran Inc 6,103 Com 0.12 New 38 Colony Finl Inc 5,143 Note 3.875% 1/1 0.10 New 39 Meritor Inc MTOR 4,948 Note 7.875% 3/0 0.10 +847.9 40 Liberty Global Plc 4,885 Shs Cl A 0.10 New 41 Meritor Inc 2,664 Note 7.875% 3/0 0.05 New 42 Zions Bancorporation ZIONW 2,373 *w Exp 5/22/202 0.05 +5.7 43 One Gas Inc OGS 2,349 Com 0.05 New 44 Cormedix Inc CRMD 1,961 Com 0.04 +102.4 45 Solazyme Inc 1,150 Note 6.000% 2/0 0.02 New 46 Dynegy Inc New Del DYN 608 Com 0.01 +15.8 47 Cormedix Inc CRMDW 7 *w Exp 03/24/201 0.00 New S
Sold Positions: United States Stl Corp New - NOTE 4.000% 5/1, LNCWS, GMWSA, XLK, Mylan Inc - NOTE 3.750% 9/1, NTAP, AMJ, VTUS, APC, Alcoa Inc - NOTE 5.25% 3/1, GM, GMWSB, TWX, MITL New Positions: GME, XOP, BYD, SM, HOS, CLR, FTI, NEM, Sandisk Corp - NOTE 1.500% 8/1, Microchip Technology Inc - SDCV 2.125%12/1, Ciena Corp - COM NEW, Sunpower Corp - DBCV 4.500% 3/1, RYAAY, PNK, Adtran Inc, Colony Finl Inc - NOTE 3.875% 1/1, 41 twitter @chensj Liberty Global Plc - SHS CL A, Meritor Inc - NOTE 7.875% 3/0, OGS, Solazyme Inc - NOTE 6.000% 2/0, CRMDWS Top Increases: JNPR, MTOR, XLI Top Decreases: DLPH, SMH, CNDO Fund Background: Elliot Management is a $24 billion fund run by Paul Singer.
42 twitter @chensj Duquesne Family Office Total Value: $886,224,000 Positions: 21 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Google Inc. GOOG 289,338 Cl A 32.65 +10.7 2 Walgreen Co WAG 81,877 Com 9.24 New 3 Microsoft Corp MSFT 70,675 Com 7.97 New 4 Teva Pharm Ind's Ltd TEVA 65,574 Adr 7.40 +31.8 5 Alcoa Inc. AA 64,350 Com 7.26 +51.3 6 Adobe Systems Inc ADBE 64,208 Com 7.25 +218.4 7 Workday Inc. WDAY 39,962 Cl A 4.51 -4.9 8 Illumina Inc. ILMN 37,656 Com 4.25 -32.8 9 Cameco Corp CCJ 32,706 Com 3.69 New 10 Astrazeneca Plc AZN 23,389 Sponsored Adr 2.64 +9.3 11 Monsanto Co MON 20,194 Com 2.28 New 12 Eqt Corp EQT 17,057 Com 1.92 -33.3 13 Hlth Care Select Sctr Spdr XLV 11,306 Sbi Healthcare 1.28 +8.3 14 Sandisk Corp SNDK 10,620 Com 1.20 New 15 Sensata Technologies Hldng Nv ST 10,579 Shs 1.19 New 16 Nxp Semiconductors Nv NXPI 10,551 Com 1.19 New 17 Ish Msci Australia Idx Fd EWA 10,270 Msci Aust Etf 1.16 New 18 Fin'l Select Sector Spdr Fnd XLF 9,999 Sbi Int-finl 1.13 -34.6 19 Mat'ls Select Sctr Spdr Tst XLB 9,882 Sbi Materials 1.12 New 20 Ish Msci Chile Cap Inv Mkt Idx Fd ECH 3,052 Msci Ch Cap Etf 0.34 New 21 Ish Msci Phillipines Inv Mkt Idx Fd EPHE 2,979 Msci Philips Etf 0.34 New
Sold Positions: XLY, SLB, XLI, AMGN, CCI, CBS, XLK, TW, CBST, DISH, SPWR, HAL, DAL, JBLU, MPC, BHI, AMZN, BA, SBAC, BMY, PXD, ENDP, DXJ, VLO, MLNX, JNJ, FDX, WEN, SPY, BIIB, LNG, GILD New Positions: WAG, MSFT, CCJ, MON, SNDK, ST, NXPI, EWA, XLB, ECH, EPHE Top Increases: ADBE, AA, TEVA Top Decreases: XLF, EQT, ILMN Fund Background: For three decades until 2010, Stanley Druckenmiller ran Duquesne Capital. He now manages his own assets, estimated to be $2.9 billion.
43 twitter @chensj Bulldog Investors Total Value: $234,341,000 Positions: 18 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Eaton Vance Risk-managed Div ETJ 37,893 Com 16.17 -22.5 2 Firsthand Technology Value SVVC 28,922 Com 12.34 +24.1 3 Swiss Helvetia Fund SWZ 21,474 Com 9.16 -8.2 4 Zweig Total Return Fd ZTR 21,129 Com 9.02 -9.4 5 Western Asset Infl Mgmt Fd Inc IMF 20,744 Com 8.85 +39.0 6 Mvc Capital Inc MVC 17,470 Com 7.45 -4.4 7 Amer Strat Inc Ptf Iii CSP 15,832 Com 6.76 +8.4 8 Imperial Holdings Inc IFT 13,206 Com 5.64 -16.0 9 Hf2 Financial Management Inc HTWO 12,183 Com 5.20 +.8 10 Aquasition Corp AQU 9,037 Com 3.86 +.4 11 Quartet Merger Corp QTETU 7,098 Com 3.03 +.6 12 Amer Strat Inc Port Ii BSP 6,121 Com 2.61 +7.8 13 Collabrium Japan Acquisition JACQ 5,986 Shs 2.55 +.8 14 Global Defense & Natl Sec Sys GDEF 5,565 Com 2.37 +.7 15 Helios Strategic Inc Fd HSA 5,338 Com 2.28 +2.2 16 Cis Aquisition Ltd CISAA 4,241 Com 1.81 +.9 17 Infinity Cross Border Acquis INXB 1,097 Com 0.47 +.8 18 Equus Total Return Inc EQS 1,005 Com 0.43 -3.6
Sold Positions: GYRO New Positions: None Top Increases: IMF, SVVC, CSP Top Decreases: ETJ, IFT, ZTR Fund Background: Phil Goldstein is a activist investor. He was a civil engineer for the City of New York and had a profitable hobby - buying closed ends funds at discounts and agitating for change. He started his hedge fund in 1992 at the age of 48, and in the 20 years since has compounded at more than 12.5% annually.
44 twitter @chensj Appaloosa Management Total Value: $9,058,349,000 Positions: 56 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Spdr S&p 500 Etf Tr SPY 2,022,765 Tr Unit 22.33 -3.9 2 Powershares Qqq Trust QQQ 1,253,839 Unit Ser 1 13.84 +63.8 3 Google Inc GOOG 492,902 Cl A 5.44 +85.8 4 Citigroup Inc C 479,577 Com New 5.29 -4.9 5 American Airls Group Inc AAL 314,839 Com 3.48 +77.5 6 Halliburton Co HAL 295,900 Com 3.27 +487.4 7 Goodyear Tire & Rubr Co GT 294,775 Com 3.25 +1.7 8 Hca Holdings Inc HCA 279,661 Com 3.09 +14.9 9 General Mtrs Co GM 271,371 Com 3.00 +33.7 10 Priceline Com Inc PCLN 218,383 Com New 2.41 New 11 United Contl Hldgs Inc UAL 207,462 Com 2.29 -9.3 12 Delta Air Lines Inc Del DAL 206,850 Com New 2.28 +33.6 13 Huntsman Corp HUN 178,641 Com 1.97 -5.0 14 Whirlpool Corp WHR 151,978 Com 1.68 +117.2 15 Apple Inc AAPL 134,388 Com 1.48 +11.2 16 Owens Corning New OC 131,514 Com 1.45 +7.2 17 Ford Mtr Co Del F 113,674 Com Par $0.01 1.25 +1.1 18 Disney Walt Co DIS 110,216 Com Disney 1.22 +427.5 19 Chicago Bridge & Iron Co N V CBI 107,030 N Y Registry Sh 1.18 +3.7 20 Eastman Chem Co EMN 99,176 Com 1.09 +104.4 21 Mgm Resorts International MGM 93,064 Com 1.03 -38.4 22 Qualcomm Inc QCOM 77,955 Com 0.86 -5.7 23 Cbs Corp New CBS 77,882 Cl B 0.86 +149.9 24 Celanese Corp Del CE 75,286 Com Ser A 0.83 +.4 25 Jpmorgan Chase & Co JPM 72,403 Com 0.80 +3.8 26 Du Pont E I De Nemours & Co DD 71,391 Com 0.79 +249.3 27 Masco Corp MAS 70,556 Com 0.78 +5.7 28 Kbr Inc KBR 68,034 Com 0.75 -16.3 29 Prudential Finl Inc PRU 63,972 Com 0.71 -50.7 30 Axiall Corp AXLL 63,710 Com 0.70 -20.2 31 American Intl Group Inc AIG 61,255 Com New 0.68 -52.5 32 Triumph Group Inc New TGI 60,116 Com 0.66 +1017.0 33 Metlife Inc MET 58,801 Com 0.65 -54.8 34 Schlumberger Ltd SLB 58,344 Com 0.64 +92.2 35 Terex Corp New TEX 56,091 Com 0.62 -34.8 36 Broadcom Corp BRCM 53,306 Cl A 0.59 +4.6 37 Expedia Inc Del EXPE 50,448 Com New 0.56 New 38 Trinity Inds Inc TRN 50,121 Com 0.55 -23.6 39 Asml Holding N V ASML 49,040 N Y Registry Shs 0.54 +221.1 40 Ingredion Inc INGR 48,942 Com 0.54 +13.7 41 Delphi Automotive Plc DLPH 48,405 Shs 0.53 +12.9 42 Comcast Corp New CMCSA 45,162 Cl A 0.50 +122.3 43 Hess Corp HES 34,128 Com 0.38 -.1 44 Hartford Finl Svcs Group Inc HIGWS 34,004 *w Exp 06/26/201 0.38 -3.2 45 Valmont Inds Inc VMI 33,569 Com 0.37 +337.1 46 Baidu Inc BIDU 31,343 Spon Adr Rep A 0.35 -14.3 47 Ingersoll-rand Plc IR 29,117 Shs 0.32 +188.0 48 Berry Plastics Group Inc BERY 28,991 Com 0.32 -2.7 49 Facebook Inc FB 28,825 Cl A 0.32 New 50 Mueller Wtr Prods Inc MWA 28,799 Com Ser A 0.32 -22.1 51 Hd Supply Hldgs Inc HDS 26,402 Com 0.29 +437.1 52 Omnicom Group Inc OMC 25,707 Com 0.28 +45.4 53 Ply Gem Hldgs Inc PGEM 5,342 Com 0.06 -13.9 54 Beazer Homes Usa Inc BZH 5,086 Com New 0.06 -82.5 55 General Mtrs Co GMWSA 4,592 *w Exp 07/10/201 0.05 -20.3 56 General Mtrs Co GMWSB 3,219 *w Exp 07/10/201 0.04 -24.7 45 twitter @chensj Sold Positions: FLR, BYD, HIG, Du Pont E I De Nemours & Co - CALL, IPG, CIM, VZ, FWLT, CCL, FCX, EMC, CYT, PNR, CYH, Spdr S&p 500 Etf Tr - CALL, Omnicom Group Inc - CALL, RIG New Positions: PCLN, EXPE, FB Top Increases: TGI, HAL, HDS Top Decreases: BZH, MET, AIG Fund Background: David Tepper started Appaloosa in 1993 with Jack Walton with $57 million in assets. He has generated gross annualized returns of 36 percent in the 20 years since.
46 twitter @chensj Baker Bros. Advisors Total Value: $7,867,925,000 Positions: 108 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Seattle Genetics, Inc. SGEN 944,887 Com 12.01 +14.2 2 Synageva Biopharma Corp. GEVA 883,480 Com 11.23 +32.9 3 Pharmacyclics Inc. PCYC 875,711 Com 11.13 -5.1 4 Incyte Corp. INCY 793,999 Com 10.09 +5.9 5 Acadia Pharmaceuticals Inc. ACAD 498,313 Com 6.33 -.1 6 Salix 2.75% 5/15/15 491,957 Conv Bonds 6.25 +13.9 7 Genomic Health Inc. GHDX 359,650 Com 4.57 -10.0 8 Incyte Genomics Notes 1.25% 350,417 Conv Bonds 4.45 +5.2 11/15/2020 144a 9 Incyte Genomics Notes 0.375% 326,745 Conv Bonds 4.15 +5.4 11/15/2018 144a 10 Incyte Genomics Notes 4.75% 245,887 Conv Bonds 3.13 New 10/1/2015 144a 11 Intermune Inc. ITMN 144,752 Com 1.84 +6449.9 12 Auxilium 1.5% 7/15/2018 128,796 Conv Bonds 1.64 +33.7 13 Biomarin Pharmaceuticals BMRN 128,455 Com 1.63 -5.9 14 Xoma Corp. XOMA 120,130 Com 1.53 -22.5 15 Intermune Inc Notes 2.5% 12/15/17 107,856 Conv Bonds 1.37 +92.1 16 Intercept Pharmaceuticals, Inc. ICPT 84,550 Com 1.07 +241.3 17 Biomarin Pharmaceuticals Notes 77,127 Conv Bonds 0.98 -2.8 1.875% 4/23/2017 18 Halozyme Therapeutics Inc. HALO 72,366 Com 0.92 -23.3 19 Vanda Pharmaceuticals, Inc. VNDA 72,243 Com 0.92 +21.5 20 Gilead 1.625% 5/1/16 66,903 Conv Bonds 0.85 -5.7 21 Biocryst Pharmaceuticals Inc. BCRX 62,073 Com 0.79 +21.9 22 Anacor Pharmaceuticals ANAC 61,937 Com 0.79 +47.6 23 Medivation 2.625% 4/1/17 56,288 Conv Bonds 0.72 -2.6 24 Repros Therapeutics RPRX 49,293 Com 0.63 -3.1 25 Questcor Pharmaceuticals, Inc. QCOR 46,603 Com 0.59 +10.3 26 Mirati Therapeutics Inc. MRTX 45,388 Com 0.58 +14.7 27 Derma Sciences DSCI 44,851 Com 0.57 +62.0 28 Cerus CERS 40,585 Com 0.52 -25.6 29 Gilead Sciences Inc. GILD 39,406 Com 0.50 -5.6 30 Acorda Therapeutics, Inc. ACOR 37,910 Com 0.48 New 31 Chelsea Therapeutics CHTP 37,317 Com 0.47 +45.2 32 Clovis Oncology CLVS 36,712 Com 0.47 +14.8 33 Intermune Inc Notes 5% 3/1/15 30,590 Conv Bonds 0.39 +56.7 34 Heron Therapeutics, Inc. HRTX 30,153 Com 0.38 New 35 Salix 1.5% 3/15/19 25,289 Conv Bonds 0.32 +13.1 36 Aegerion Pharmaceuticals AEGR 23,702 Com 0.30 -33.2 37 Dyax Corp. DYAX 22,735 Com 0.29 +48.9 38 Avanir Pharmaceuticals AVNR 21,250 Com Class A 0.27 +16.5 39 Xenoport XNPT 20,856 Com 0.27 +250.8 40 Progenics Pharmaceuticals, Inc. PGNX 18,200 Com 0.23 -18.7 41 Aquinox Pharmaceuticals, Inc. AQXP 15,427 Com 0.20 New 42 Tg Therapeutics TGTX 14,911 Com 0.19 +73.8 43 Biomarin Pharmaceuticals Notes 0.75% 13,699 Conv Bonds 0.17 +3.3 10/15/2018 44 Kythera Biopharmaceuticals KYTH 12,375 Com 0.16 +5.8 45 Arrowhead Research Corp. ARWR 12,020 Com 0.15 -64.1 46 Insmed Inc. INSM 10,549 Com 0.13 -22.1 47 Tekmire Pharmaceuticals Corp. 10,405 Com 0.13 +161.1 48 Sangamo Biosceiences, Inc. SGMO 9,452 Com 0.12 +60.4 49 Synergy Pharmaceuticals SGYP 9,336 Com 0.12 -36.4 50 Omeros Corp. OMER 9,098 Com 0.12 +32.5 51 Prothena Corp. Plc PRTA 8,817 Shs 0.11 -1.3 52 Threshold Pharma THLD 8,693 Com 0.11 +.5 47 twitter @chensj Baker Bros. Advisors Total Value: $7,867,925,000 Positions: 108 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 53 Qlt Inc. QLTI 8,539 Com 0.11 -.2 54 Discovery Laboratories Inc. DSCO 7,852 Com 0.10 -6.2 55 Agios Pharmaceuticals AGIO 7,826 Com 0.10 +58.8 56 Galectin Therapeutics Inc. GALT 7,655 Com 0.10 +841.6 57 Infinity Pharmaceuticals Inc. INFI 7,420 Com 0.09 New 58 Neurocrine Biosciences, Inc. NBIX 7,211 Com 0.09 New 59 Stemline Therapeutics Inc. STML 6,895 Com 0.09 -47.9 60 Ambit Biosciences Corp. AMBI 6,821 Com 0.09 -5.4 61 Biota Pharmaceuticals BOTA 6,763 Com 0.09 +42.8 62 Array Biopharma Inc. ARRY 6,739 Com 0.09 -10.3 63 Zogenix, Inc. ZGNX 6,687 Com 0.08 -29.3 64 Idera Pharmaceuticals Inc. IDRA 6,581 Com 0.08 -55.2 65 Xencor XNCR 6,362 Com 0.08 +26.6 66 Aerie Pharmaceuticals AERI 6,343 Com 0.08 +17.7 67 Novavax Inc. NVAX 5,542 Com 0.07 -15.9 68 Ironwood Pharmaceuticals IRWD 5,497 Com 0.07 -13.3 69 Regado RGDO 5,008 Com 0.06 New 70 Ligand Pharmaceuticals LGND 4,937 Class B 0.06 New 71 Ultragenyx Pharmaceuticals RARE 4,889 Com 0.06 New 72 Epizyme Inc. EPZM 4,873 Com 0.06 +6.5 73 Osiris Therapeutics Inc. OSIR 4,747 Com 0.06 -21.3 74 Ignyta RXDX 4,739 Com 0.06 New 75 Portola Pharmaceuticals, Inc. PTLA 4,729 Com 0.06 -18.2 76 Cytrx Corp. CYTR 4,712 Com 0.06 New 77 Bluebird Bio Inc. BLUE 4,508 Com 0.06 +87.8 78 Celsus Therapeutics CLTX 4,374 Com 0.06 New 79 Retrophin Inc. RTRX 4,194 Com 0.05 New 80 Isis Pharmaceuticals, Inc. ISIS 4,161 Com 0.05 -57.7 81 Biodelivery Sciences Intl. Inc. BDSI 3,553 Com 0.05 -28.7 82 Furiex Pharmaceuticals, Inc. FURX 3,507 Com 0.04 New 83 Enanta Pharmaceuticals ENTA 3,237 Com 0.04 +8.8 84 Macrogenics, Inc. MGNX 2,676 Com 0.03 -2.4 85 La Jolla Pharmaceuticals, Inc. LJPC 2,394 Com 0.03 New 86 Synta Pharmaceuticals SNTA 2,155 Com 0.03 -17.7 87 Mast Therapeutics, Inc. MSTX 2,040 Com 0.03 New 88 Rigel Pharmaceuticals RIGL 1,870 Com 0.02 +31.2 89 Orasure Technologies Inc. OSUR 1,870 Com 0.02 +22.1 90 Karyopharm Therapeutics KPTI 1,825 Com 0.02 +29.8 91 Auxilium Pharmaceuticals, Inc. AUXL 1,591 Com 0.02 New 92 Achaogen Inc. AKAO 1,546 Com 0.02 New 93 Achillion ACHN 1,442 Com 0.02 -4.5 94 Ophthotech Corp. OPHT 1,314 Com 0.02 -60.6 95 Catalyst Pharmaceuticals, Inc. CPRX 1,288 Com 0.02 New 96 Ziopharm Oncology Inc. ZIOP 1,120 Com 0.01 +1.5 97 Receptos Inc. RCPT 1,002 Com 0.01 -65.4 98 Amicus Therapeutics FOLD 997 Com 0.01 -17.6 99 Acceleron Pharma Inc. XLRN 992 Com 0.01 -16.5 100 Tesaro Inc. TSRO 920 Com 0.01 +4.3 101 Geron Corp. GERN 837 Com 0.01 -56.1 102 Alnylam Pharmaceuticals, Inc. ALNY 779 Com 0.01 New 103 Ventrus Biosciences, Inc. VTUS 535 Com 0.01 -88.5 104 Uniquere B.v. QURE 477 Com 0.01 New 105 Five Prime Therapeutics Inc. FPRX 390 Com 0.00 +17.1 106 Salix Pharmaceuticals SLXP 375 Com 0.00 +15.0 107 Chemocentryx Inc. CCXI 332 Com 0.00 +14.5
48 twitter @chensj Baker Bros. Advisors Total Value: $7,867,925,000 Positions: 108 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 108 Cyclacel Pharmaceuticals Pfd. Conv. Ex CYCCP 113 Pfd Conv Ex 0.00 -41.5 6%
Sold Positions: PBYI, UTHR, GWPH, MDVN, FMI, Incyte Genomics Notes 4.75% 10/1/2015 144a - CONV BONDS, Ligand Pharmaceuticals Inc. - CLASS B, Infinity Pharmaceuticals Inc. New Positions: Incyte Genomics Notes 4.75% 10/1/2015 144a - CONV BONDS, ACOR, HRTX, AQXP, INFI, NBIX, RGDO, LGND, RARE, RXDX, CYTR, CLTX, RTRX, FURX, LJPC, MSTX, AUXL, AKAO, CPRX, ALNY, QURE Top Increases: ITMN, GALT, XNPT Top Decreases: VTUS, RCPT, ARWR Fund Background: Baker Bros is a closely watched health care fund with $7 billion under management.
49 twitter @chensj Red Mountain Capital Partners Total Value: $314,952,000 Positions: 10 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Air Transport Services Grp I ATSG 87,547 Com 27.80 -3.0 2 Encore Cap Group Inc ECPG 60,874 Com 19.33 -9.1 3 Destination Xl Group Inc DXLG 42,426 Com 13.47 +33.5 4 Natures Sunshine Products In NATR 33,566 Com 10.66 -20.4 5 Marlin Business Svcs Corp MRLN 26,462 Com 8.40 -17.4 6 Bravo Brio Restaurant Group BBRG 26,009 Com 8.26 -13.3 7 Fresh Mkt Inc TFM 16,195 Com 5.14 New 8 Hawaiian Telcom Holdco Inc HCOM 14,332 Com 4.55 +371.4 9 Popeyes La Kitchen Inc PLKI 4,267 Com 1.35 New 10 Green Dot Corp GDOT 3,274 Cl A 1.04 New
Sold Positions: NGS, ANDE, RDNT, STRI, QLTY, GCA New Positions: TFM, PLKI, GDOT Top Increases: HCOM, DXLG Top Decreases: NATR, MRLN, BBRG Fund Background: Red Mountain invests in small cap public companies with a private equity approach, and partners with their management teams and boards to increase their market values.
50 twitter @chensj Mittleman Brothers Total Value: $172,329,000 Positions: 8 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Revlon Inccl A Com New REV 48,492 Com 28.14 +15.5 2 Harbinger Group Inccom HRG 38,335 Com 22.25 +1.0 3 Carmike Cinemas Inccom CKEC 33,134 Com 19.23 -17.3 4 Kb Finl Group Incsponsored Adr KB 16,674 Adr 9.68 +38.6 Repstg1 Com Shisin#us48241a1051 5 Kt Corp Spon Adr KT 16,364 Adr 9.50 +5.6 6 Blackstone Mtg Trinc Com Cl A BXMT 8,647 Com 5.02 -1.9 7 Leapfrog Enterprisesinc Cl A LF 7,776 Com 4.51 +14.1 8 Gsi Group Inc Cdanew Com GSIG 2,907 Com 1.69 -29.4 Newisin#ca36191c2058
Sold Positions: PVA, UIS New Positions: None Top Increases: KB, REV, LF Top Decreases: GSIG, CKEC, BXMT Fund Background: Mittleman Brothers is a value-oriented investment advisory firm, managing concentrated, global equity portfolios for high net worth and institutional investors. Mittleman Brothers invests its clients’ capital in a portfolio of 10 to 20 businesses that the firm believes to be proven franchises with durable economic advantages.
51 twitter @chensj Glenview Capital Management Total Value: $15,265,492,000 Positions: 65 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Thermo Fisher Scientific Inc TMO 1,149,602 Com 7.53 +21.0 2 Monsanto Co New MON 872,212 Com 5.71 +50.5 3 Hca Holdings Inc HCA 674,190 Com 4.42 +10.0 4 Crown Castle Intl Corp CCI 622,614 Com 4.08 +8.4 5 Tenet Healthcare Corp THC 591,327 Com New 3.87 +1.6 6 Humana Inc HUM 578,500 Com 3.79 +67.8 7 Flextronics Intl Ltd FLEX 556,072 Ord 3.64 +18.9 8 American Intl Group Inc AIG 492,758 Com New 3.23 +12.0 9 Community Health Sys Inc New CYH 473,714 Com 3.10 +27.3 10 Pvh Corp PVH 442,086 Com 2.90 +25.6 11 Mckesson Corp MCK 425,278 Com 2.79 -13.6 12 Wellpoint Inc WLP 421,291 Com 2.76 New 13 Aetna Inc New AET 402,305 Com 2.64 +223.1 14 Time Warner Cable Inc TWC 383,454 Com 2.51 -6.4 15 Walgreen Co WAG 375,772 Com 2.46 +9.9 16 Dollar Gen Corp New DG 361,958 Com 2.37 +103.6 17 Hertz Global Holdings Inc HTZ 353,339 Com 2.31 New 18 Computer Sciences Corp CSC 319,557 Com 2.09 +6.9 19 Ebay Inc EBAY 297,958 Com 1.95 New 20 T-mobile Us Inc TMUS 279,055 Com 1.83 +67.2 21 Fossil Group Inc FOSL 270,872 Com 1.77 +172.0 22 Citigroup Inc C 246,634 Com New 1.62 +29.9 23 Lifepoint Hospitals Inc LPNT 233,509 Com 1.53 -3.5 24 Applied Matls Inc AMAT 225,363 Com 1.48 New 25 Cbs Corp New CBS 191,503 Cl B 1.25 -32.5 26 Phillips 66 PSX 187,447 Com 1.23 -.1 27 Fidelity Natl Information Sv FIS 184,979 Com 1.21 -30.8 28 Babcock & Wilcox Co New BWC 183,284 Com 1.20 -3.0 29 Cigna Corporation CI 172,485 Com 1.13 -26.8 30 General Mtrs Co GM 170,127 Com 1.11 -34.4 31 Aon Plc AON 164,889 Shs Cl A 1.08 -19.3 32 The Adt Corporation ADT 162,530 Com 1.06 -21.1 33 American Tower Corp New AMT 145,951 Com 0.96 +2.6 34 Electronic Arts Inc EA 139,715 Com 0.92 -23.5 35 Unitedhealth Group Inc UNH 138,779 Com 0.91 New 36 Advance Auto Parts Inc AAP 135,773 Com 0.89 -47.1 37 Endo Intl Plc ENDP 134,842 Shs 0.88 New 38 Fidelity National Financial FNF 126,548 Cl A 0.83 -4.7 39 Carter Inc CRI 120,655 Com 0.79 +59.5 40 Meritor Inc MTOR 119,289 Com 0.78 +17.4 41 Pentair Ltd PNR 114,415 Shs 0.75 -62.2 42 Quest Diagnostics Inc DGX 113,019 Com 0.74 New 43 Sprint Corp S 112,199 Com Ser 1 0.73 New 44 Family Dlr Stores Inc FDO 110,706 Com 0.73 New 45 Laboratory Corp Amer Hldgs LH 105,396 Com New 0.69 New 46 Avis Budget Group CAR 104,975 Com 0.69 New 47 Evertec Inc EVTC 104,096 Com 0.68 -4.4 48 Global Pmts Inc GPN 103,129 Com 0.68 +18.1 49 Microsoft Corp MSFT 101,982 Com 0.67 -48.2 50 Nxp Semiconductors N V NXPI 82,512 Com 0.54 -16.7 51 Penney J C Inc JCP 80,774 Com 0.53 -28.6 52 Phh Corp PHH 72,509 Com New 0.47 +6.1 53 Charter Communications Inc D CHTR 71,706 Cl A New 0.47 +50.9 54 Capital One Finl Corp COF 69,814 Com 0.46 +8.6 55 Canadian Pac Ry Ltd CP 53,447 Com 0.35 -40.9 56 Cemex Sab De Cv CX 52,763 Spon Adr New 0.35 New 52 twitter @chensj Glenview Capital Management Total Value: $15,265,492,000 Positions: 65 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Dresser-rand Group Inc DRC 52,026 Com 0.34 New 58 Allegion Pub Ltd Co ALLE 50,219 Ord Shs 0.33 New 59 Vca Antech Inc WOOF 49,565 Com 0.32 New 60 Seaworld Entmt Inc SEAS 44,734 Com 0.29 New 61 Comcast Corp New CMCSA 34,291 Cl A 0.22 -75.6 62 Urs Corp New URS 23,530 Com 0.15 -84.5 63 Scorpio Tankers Inc STNG 22,460 Shs 0.15 -15.4 64 Citigroup Inc CWSA 5,496 *w Exp 01/04/201 0.04 -1.2 65 Community Health Sys Inc New CYHHZ 1,513 Right 01/27/2016 0.01 New
Sold Positions: UPIP, JBL, CIM, RTN, CPN, MMM, LAMR, XRX, HMA, NRG, LMT, NOC, RVBD, LIFE, PAY, RLGY New Positions: WLP, HTZ, EBAY, AMAT, UNH, ENDP, DGX, S, FDO, LH, CAR, CX, DRC, ALLE, WOOF, SEAS, CYHHZ Top Increases: AET, FOSL, DG Top Decreases: URS, CMCSA, PNR Fund Background: Larry Robbins founded Glenview in 2001. He was previously with Omega Advisors.
53 twitter @chensj Palo Alto Investors Total Value: $1,208,816,000 Positions: 35 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Intermune Inc ITMN 147,893 Com 12.23 +162.9 2 Auxilium Pharmaceuticals Inc AUXL 131,606 Com 10.89 +30.0 3 Cyberonics Inc CYBX 111,701 Com 9.24 -12.5 4 United Therapeutics Corp Del UTHR 103,530 Com 8.56 -16.4 5 Cubist Pharmaceuticals Inc CBST 100,158 Com 8.29 +8.8 6 Questcor Pharmaceuticals Inc QCOR 62,949 Com 5.21 +19.9 7 Abiomed Inc ABMD 57,348 Com 4.74 -20.2 8 Vanda Pharmaceuticals Inc VNDA 52,251 Com 4.32 +30.0 9 Biomarin Pharmaceutical Inc BMRN 50,863 Com 4.21 -2.4 10 Staar Surgical Co STAA 48,761 Com Par $0.01 4.03 -6.3 11 Kythera Biopharmaceuticals I KYTH 35,993 Com 2.98 +7.0 12 Anacor Pharmaceuticals Inc ANAC 31,457 Com 2.60 +16.9 13 Amag Pharmaceuticals Inc AMAG 31,241 Com 2.58 -26.9 14 Alimera Sciences Inc ALIM 28,680 Com 2.37 +67.9 15 Ariad Pharmaceuticals Inc ARIA 27,877 Com 2.31 +18.8 16 Sequenom Inc SQNM 23,982 Com New 1.98 +9.1 17 Prothena Corp Plc PRTA 20,416 Shs 1.69 +43.3 18 Rigel Pharmaceuticals Inc RIGL 20,057 Com New 1.66 +34.9 19 Celladon Corp CLDN 17,779 Com 1.47 New 20 Momenta Pharmaceuticals Inc MNTA 15,319 Com 1.27 -25.1 21 Nps Pharmaceuticals Inc NPSP 13,026 Com 1.08 -2.3 22 Clovis Oncology Inc CLVS 12,947 Com 1.07 +14.9 23 Qlt Inc QLTI 11,348 Com 0.94 -.8 24 Exact Sciences Corp EXAS 11,020 Com 0.91 +19.4 25 Orexigen Therapeutics Inc OREX 10,849 Com 0.90 New 26 Amicus Therapeutics Inc FOLD 8,221 Com 0.68 -12.7 27 Insmed Inc INSM 6,030 Com Par $.01 0.50 +21.4 28 Spectrum Pharmaceuticals Inc SPPI 3,154 Com 0.26 -11.4 29 Revance Therapeutics Inc RVNC 2,888 Com 0.24 New 30 Cytokinetics Inc CYTK 2,348 Com New 0.19 +55.2 31 Aveo Pharmaceuticals Inc AVEO 2,137 Com 0.18 -18.3 32 Hyperion Therapeutics Inc HPTX 1,618 Com 0.13 +27.6 33 Xoma Corp Del XOMA 1,334 Com 0.11 -22.6 34 Geron Corp GERN 1,060 Com 0.09 New 35 Sophiris Bio Inc SPHS 975 Com New 0.08 -10.1
Sold Positions: CELG, VPHM, Align Technology, Inc. New Positions: CLDN, OREX, RVNC, GERN Top Increases: ITMN, ALIM, CYTK Top Decreases: AMAG, MNTA, XOMA Fund Background: Palo Alto Investors was formed in 1989 and has $1 billion under management. It focuses on the health care sector and mainly invests in micro cap and small cap US equities.
54 twitter @chensj TPG-Axon Management Total Value: $2,083,962,000 Positions: 18 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Sandridge Energy Inc SD 222,366 Com 10.67 +1.2 2 Macys Inc M 183,759 Com 8.82 +8.8 3 Gnc Hldgs Inc GNC 177,054 Com Cl A 8.50 +141.4 4 Equinix Inc EQIX 160,523 Com New 7.70 +4.2 5 Huntsman Corp HUN 159,856 Com 7.67 +6.9 6 Halliburton Co HAL 154,738 Com 7.43 -74.7 7 Community Health Sys Inc New CYH 142,011 Com 6.81 +15.7 8 Kar Auction Svcs Inc KAR 130,959 Com 6.28 +59.3 9 Time Warner Inc TWX 123,330 Com New 5.92 New 10 Vantiv Inc VNTV 109,860 Cl A 5.27 New 11 F M C Corp FMC 106,893 Com New 5.13 +19.5 12 Cabelas Inc CAB 101,864 Com 4.89 New 13 Spirit Aerosystems Hldgs Inc SPR 98,072 Com Cl A 4.71 +18.7 14 Citigroup Inc C 90,715 Com New 4.35 New 15 Dillards Inc DDS 79,400 Cl A 3.81 -24.9 16 Agilent Technologies Inc A 20,179 Com 0.97 -78.3 17 Hca Holdings Inc HCA 11,845 Com 0.57 +10.0 18 Superior Energy Svcs Inc SPN 10,538 Com 0.51 New
Sold Positions: OUTR, EXPE, SRC, HTZ, WYN New Positions: TWX, VNTV, CAB, C, SPN Top Increases: GNC, KAR, FMC Top Decreases: A, HAL, DDS Fund Background: Mr. Dinakar Singh is a Managing Partner and Chief Executive Officer at TPG-Axon Capital Management and its Co-Founder since 2005. He is the Founder and Chairman of the Spinal Muscular Atrophy Foundation. Mr. Singh served as a Co-Head of Principal Strategies Department at Goldman Sachs until early 2004. He became a Partner at Goldman Sachs in 1998. Prior to this, Mr. Singh spent four years in Hong Kong, establishing the proprietary investing effort in Asia.
55 twitter @chensj Aegis Financial Corp Total Value: $323,469,000 Positions: 66 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Wpx Energy Inc. WPX 20,136 Com 6.23 -11.5 2 Alliance One International Inc. AOI 15,332 Com 4.74 +6.8 3 Tecumseh Products Company - Class A TECUA 13,009 Cl A 4.02 +6.7 4 Photronics Inc. PLAB 12,858 Com 3.98 -5.5 5 Resolute Forest Products Inc. RFP 12,193 Com 3.77 +25.4 6 Air Castle Ltd. AYR 12,153 Com 3.76 -14.6 7 Mcdermott International Inc. MDR 11,088 Com 3.43 -14.6 8 Coeur D Alene Mines Corp. CDE 9,931 Com New 3.07 -14.4 9 Patterson-uti Energy Inc. PTEN 9,641 Com 2.98 -23.7 10 Magnum Hunter Resources MHR 9,134 Com 2.82 -35.3 11 Delta Apparel Inc. DLA 9,045 Com 2.80 -5.0 12 Nevsun Resources Ltd. NSU 8,719 Com 2.70 +1.5 13 Epl Oil & Gas Inc. EPL 8,642 Com 2.67 +48.9 14 Ingram Micro Inc. IM 8,581 Cl A 2.65 +4.4 15 Stone Energy Corporation SGY 8,440 Com 2.61 +21.3 16 Ruby Tuesday RT 7,995 Com 2.47 -6.1 17 Universal Stainless & Alloy Products Inc. USAP 7,795 Com 2.41 -6.3 18 Cal Dive International Inc. DVR 7,782 Com 2.41 -15.4 19 Sanmina-sci Corp SANM 7,177 Com 2.22 +4.5 20 Mercer International Inc. MERC 7,031 Com 2.17 -15.8 21 Comstock Resources Inc. CRK 6,901 Com New 2.13 New 22 Peabody Energy Corp. BTU 6,487 Com 2.01 -16.3 23 Commonwealth Reit CWH 6,446 Com Sh Ben Int 1.99 +12.8 24 Auric Gold Inc. AUQ 6,148 Com 1.90 +18.8 25 Aspen Insurance Holdings Ltd. AHL 5,392 Shs 1.67 -3.9 26 Olympic Steel Inc. ZEUS 5,193 Com 1.61 -1.0 27 Tecumseh Products Company - Class B TECUB 5,097 Cl B 1.58 -3.4 28 White Mountains Insurance Group WTM 4,901 Com 1.52 -6.8 29 Hardinge Inc. HDNG 4,842 Com 1.50 -.5 30 Brt Realty Trust BRT 4,508 Sh Ben Int New 1.39 +.9 31 Jetblue Airways JBLU 4,450 Com 1.38 +1.8 32 Superior Industries International Inc. SUP 4,240 Com 1.31 -.7 33 American International Group Inc. AIGWS 3,801 *w Exp 01/19/202 1.18 +.9 Warrant 34 Bassett Furniture Industries BSET 3,652 Com 1.13 -18.4 35 California First National Bank Corp. CFNB 3,442 Com 1.06 +1.7 36 Alco Stores Inc. ALCS 3,364 Com 1.04 +8.1 37 Sypris Solutions Inc. SYPR 3,274 Com 1.01 -9.5 38 Tower Group Inc.5.000% Due 09-15-14 2,835 Note 5.000% 09- 0.88 +11.6 15-14 39 Mitcham Industies, Inc. MIND 2,697 Com 0.83 -21.3 40 Lake Shore Gold Corp. LSG 2,551 Com 0.79 +42.0 41 Citi Trends Inc. CTRN 2,545 Com 0.79 -12.7 42 Frequency Electronics, Inc. FEIM 2,449 Com 0.76 -7.4 43 Avino Silver & Gold Mines ASM 2,398 Com 0.74 New 44 Lubys. Inc. LUB 1,943 Com 0.60 -20.3 45 Hercules Offshore, Inc. HERO 1,874 Com 0.58 New 46 Startek, Inc. SRT 1,787 Com 0.55 -59.1 47 Globus Maritime GLBS 1,464 Com 0.45 +9.9 48 Zaza Energy Corp. ZAZA 1,278 Com 0.40 -21.3 49 Natuzzi S.p.a. NTZ 1,250 Adr 0.39 +21.2 50 Baltic Trading Limited BALT 1,191 Com 0.37 -2.0 51 Mcewen Mining Inc. MUX 1,093 Com 0.34 +20.9 52 U.s. Global Investors GROW 978 Cl A 0.30 +26.4 53 Versar Inc. VSR 946 Com 0.29 -17.2 54 Integrated Electrical Services, Inc. IESC 899 Com 0.28 +15.3 55 Emerson Radio Corp. MSN 782 Com New 0.24 New 56 twitter @chensj Aegis Financial Corp Total Value: $323,469,000 Positions: 66 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 56 Frisch's Restaurants, Inc. FRS 618 Com 0.19 -7.6 57 Endeavour International END 551 Com New 0.17 -38.1 58 Pmc Commercial Trust PCC 499 Sh Ben Int 0.15 -46.6 59 Ballantyne Strong Inc. BTN 405 Com 0.13 +1.2 60 Ultra Petrol Bahamas ULTR 388 Com 0.12 -17.1 61 Ltx-credence Corporation LTXC 371 Com New 0.11 +11.4 62 Spartan Stores Inc. SPTN 262 Com 0.08 -93.0 63 Bowl America Inc. - Class A BWLA 251 Com 0.08 +8.2 64 First Federal Northern Michigan FFNM 178 Com 0.06 -7.3 Bancorp. 65 Brandywine Realty Trust BDN 150 Sh Ben Int New 0.05 +2.0 66 Tandy Brands Accessories Inc. TBAC 16 Com 0.00 -73.8
Sold Positions: CNTY, THM, SWS, SFY, ZINC New Positions: CRK, ASM, HERO, MSN Top Increases: EPL, LSG, GROW Top Decreases: SPTN, TBAC, SRT Fund Background: Aegis Financial Corporation serves as the investment advisor to the Aegis Value Fund and Aegis High Yield Fund, and offers institutional and private client wealth management services through separately managed accounts.
57 twitter @chensj Centaur Capital Partners Total Value: $61,966,000 Positions: 26 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 E M C Corp Mass EMC 6,578 Com 10.62 -29.3 2 Alleghany Corp Del Y 5,703 Com 9.20 +42.6 3 Kulicke & Soffa Inds Inc KLIC 4,414 Com 7.12 New 4 Dillards Inc DDS 3,927 Cl A 6.34 -20.0 5 Voxx Intl Corp VOXX 3,605 Cl A 5.82 New 6 Coach Inc COH 3,476 Com 5.61 -22.6 7 Tetra Tech Inc New TTEK 3,441 Com 5.55 -41.4 8 Bravo Brio Restaurant Group BBRG 3,386 Com 5.46 -13.3 9 Target Corp TGT 3,237 Com 5.22 New 10 Berkshire Hathaway Inc Del BRKB 3,124 Cl B New 5.04 +163.4 11 Cott Corp Que COT 2,964 Com 4.78 -31.3 12 Jpmorgan Chase & Co JPMWS 2,929 *w Exp 10/28/201 4.73 +80.0 13 Interdigital Inc IDCC 1,987 Com 3.21 -50.1 14 Ishares Silver Trust SLV 1,904 Ishares 3.07 -7.5 15 International Game Technolog IGT 1,547 Com 2.50 New 16 Quantum Corp QTM 1,464 Com Dssg 2.36 -9.6 17 Idt Corp IDT 1,416 Cl B New 2.29 +216.8 18 Harvard Bioscience Inc HBIO 1,351 Com 2.18 +10.6 19 Fifth Street Finance Corp FSC 1,041 Com 1.68 -25.0 20 Aware Inc Mass AWRE 899 Com 1.45 -45.5 21 Titan Intl Inc Ill TWI 866 Com 1.40 -80.4 22 Vector Group Ltd VGR 862 Com 1.39 New 23 Viad Corp VVI 805 Com New 1.30 New 24 Senomyx Inc SNMX 480 Com 0.77 New 25 Mind C T I Ltd MNDO 420 Ord 0.68 New 26 Mitcham Inds Inc MIND 139 Com 0.22 -60.7
Sold Positions: RST, AIG, BCOR, ACN, INGR, LNN, ARO, RHP, MIL New Positions: KLIC, VOXX, TGT, IGT, VGR, VVI, SNMX, MNDO Top Increases: IDT, BRKB, JPMWS Top Decreases: TWI, MIND, IDCC Fund Background: Zeke Ashton is the founder and managing partner of Centaur Capital Partners. Founded in 2002, Centaur Capital Partners specializes in value-oriented investment strategies. Prior to launching Centaur Capital, Mr. Ashton served as an investment analyst and featured writer for The Motley Fool.
58 twitter @chensj Oldfield Partners Total Value: $2,091,469,000 Positions: 24 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Hewlett-packard Co HPQ 313,348 Stk 14.98 +13.0 2 Lukoil LUKOY 308,718 Adr 14.76 +51.6 3 Microsoft Corp MSFT 264,199 Stk 12.63 +15.9 4 Citigroup Inc C 249,206 Stk 11.92 -4.0 5 Barrick Gold Corp ABX 207,335 Stk 9.91 +28.4 6 Chesapeake Energy Corp CHK 187,482 Stk 8.96 -1.4 7 General Motors Co GM 167,040 Stk 7.99 -10.0 8 Embraer Sa ERJ 62,682 Adr 3.00 +8.1 9 Petroleo Brasileiro Sa PBRA 52,592 Adr 2.51 +22.2 10 Sk Telecom Co Ltd SKM 50,680 Adr 2.42 +12.5 11 Telekomunikasi Indonesia TLK 49,648 Adr 2.37 -25.3 12 Infosys Ltd INFY 48,632 Adr 2.33 -11.4 13 Ternium Sa TX 47,780 Adr 2.28 -13.7 14 Turkcell Iletisim Hizmetleri As TKC 46,180 Adr 2.21 +30.0 15 Cia De Minas Buenaventura BVN 29,569 Adr 1.41 +47.3 16 Pfizer Inc PFE 2,192 Stk 0.10 +73.7 17 Johnson & Johnson JNJ 1,788 Stk 0.09 +77.7 18 Verizon Communications Inc VZ 1,059 Stk 0.05 New 19 Newfield Expl. Corp. NFX 635 Stk 0.03 +27.3 20 Lexmark International Inc LXK 273 Stk 0.01 -28.9 21 Guess? Inc GES 252 Stk 0.01 -11.0 22 Staples Inc SPLS 87 Stk 0.00 -10.3 23 Caterpillar Inc CAT 50 Stk 0.00 New 24 Teva Pharmaceutical Ind Ltd TEVA 42 Adr 0.00 +16.7
Sold Positions: None New Positions: VZ, CAT Top Increases: JNJ, PFE, LUKOY Top Decreases: LXK, TLK, TX Fund Background: Oldfield Partners began operations in 2005, and has over $6 billion under management.
59 twitter @chensj RA Capital Management Total Value: $1,394,409,000 Positions: 31 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Sangamo Biosciences Inc SGMO 202,895 Com 14.55 +77.5 2 Gilead Sciences Inc GILD 170,064 Com 12.20 New 3 Acadia Pharmaceuticals Inc ACAD 133,816 Com 9.60 -16.6 4 Achillion Pharmaceuticals In ACHN 86,744 Com 6.22 -.9 5 Dyax Corp DYAX 71,270 Com 5.11 +346.2 6 Dicerna Pharmaceuticals Inc DRNA 68,607 Com 4.92 New 7 Therapeuticsmd Inc TXMD 62,081 Com 4.45 +2.2 8 Ophthotech Corp OPHT 61,998 Com 4.45 +19.7 9 Enanta Pharmaceuticals Inc ENTA 61,628 Com 4.42 New 10 Prothena Corp Plc PRTA 59,569 Shs 4.27 +36.9 11 Arrowhead Resh Corp ARWR 48,306 Com New 3.46 +117.3 12 Biocryst Pharmaceuticals BCRX 45,996 Com 3.30 +39.2 13 Novavax Inc NVAX 45,020 Com 3.23 -18.7 14 Dynavax Technologies Corp DVAX 32,331 Com 2.32 -7.8 15 Sunesis Pharmaceuticals Inc SNSS 32,186 Com New 2.31 +39.5 16 Xencor Inc XNCR 31,964 Com 2.29 +28.3 17 Ptc Therapeutics Inc PTCT 25,663 Com 1.84 +101.0 18 Repros Therapeutics Inc RPRX 25,529 Com New 1.83 New 19 Tesaro Inc TSRO 20,636 Com 1.48 +4.4 20 Neurocrine Biosciences Inc NBIX 18,822 Com 1.35 New 21 Derma Sciences Inc DSCI 16,979 Com Par $.01 1.22 -21.3 22 Mirati Therapeutics Inc MRTX 12,525 Com 0.90 +14.7 23 Bluebird Bio Inc BLUE 10,629 Com 0.76 +8.4 24 Psivida Corp PSDV 10,478 Com 0.75 +122.2 25 Intermune Inc ITMN 10,068 Com 0.72 New 26 Flexion Therapeutics Inc FLXN 7,403 Com 0.53 New 27 Ocera Therapeutics Inc OCRX 5,568 Com 0.40 -35.2 28 Macrogenics Inc MGNX 5,549 Com 0.40 +1.5 29 Alimera Sciences Inc ALIM 5,260 Com 0.38 New 30 Mei Pharma Inc MEIP 4,545 Com New 0.33 +38.9 31 Prana Biotechnology Ltd PRAN 280 Sponsored Adr 0.02 New
Sold Positions: RMTI, CNDO, NLNK, ENZ, CHTP New Positions: GILD, DRNA, ENTA, RPRX, NBIX, ITMN, FLXN, ALIM, PRAN Top Increases: DYAX, PSDV, ARWR Top Decreases: OCRX, DSCI, NVAX Fund Background: RA Capital Management is an investment advisor based in Boston specializing in the life-sciences and drug development sectors.
60 twitter @chensj Baker Street Capital Management Total Value: $529,985,000 Positions: 6 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Sears Hldgs Corp SHLD 429,840 Com 81.10 -42.6 2 Walter Invt Mgmt Corp WAC 43,446 Com 8.20 New 3 Usa Truck Inc USAK 20,593 Com 3.89 +9.9 4 Outerwall Inc OUTR 17,110 Com 3.23 New 5 Cash Amer Intl Inc CSH 14,015 Com 2.64 New 6 Hollywood Media Corp HOLL 4,981 Com 0.94 +3.6
Sold Positions: XRTX New Positions: WAC, OUTR, CSH Top Increases: USAK, HOLL Top Decreases: SHLD Fund Background: Baker Street Capital Management is a value-focused investment firm based in Los Angeles.
61 twitter @chensj Luxor Capital Group Total Value: $5,077,757,000 Positions: 38 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Spdr S&p 500 Etf Tr SPY 1,235,401 Tr Unit 24.33 -54.5 2 Ing U S Inc VOYA 453,168 Com 8.92 +53.5 3 Madison Square Garden Co MSG 314,828 Cl A 6.20 +9.5 4 Altisource Asset Mgmt Corp AAMC 249,673 Com 4.92 +108.7 5 Altisource Portfolio Solns S ASPS 243,754 Reg Shs 4.80 +25.0 6 Twenty First Centy Fox Inc FOXA 234,603 Cl A 4.62 New 7 Lamar Advertising Co LAMR 210,193 Cl A 4.14 +65.6 8 Verizon Communications Inc VZ 204,968 Com 4.04 New 9 Lyon William Homes WLH 173,799 Cl A New 3.42 -8.7 10 Hertz Global Holdings Inc HTZ 148,010 Com 2.91 New 11 Conns Inc CONN 135,955 Com 2.68 New 12 Seaworld Entmt Inc SEAS 129,234 Com 2.55 +34.6 13 At&t Inc T 113,978 Com 2.24 -60.2 14 Ocwen Finl Corp OCN 113,514 Com New 2.24 New 15 Resmed Inc RMD 111,670 Com 2.20 +116.6 16 Nexstar Broadcasting Group I NXST 109,664 Cl A 2.16 New 17 Bjs Restaurants Inc BJRI 104,774 Com 2.06 New 18 Spectrum Brands Hldgs Inc SPB 94,585 Com 1.86 -37.6 19 Ishares IWM 85,840 Russell 2000 Etf 1.69 New 20 American Rlty Cap Pptys Inc ARCP 81,803 Com 1.61 New 21 Amc Networks Inc AMCX 81,373 Cl A 1.60 -62.9 22 Hemisphere Media Group Inc HMTV 64,564 Cl A 1.27 +14.6 23 Northstar Rlty Fin Corp NRF 63,817 Com 1.26 -75.7 24 Myriad Genetics Inc MYGN 62,067 Com 1.22 -10.3 25 Amc Entmt Hldgs Inc AMC 48,339 Cl A Com 0.95 New 26 Alliancebernstein Income Fun ACG 46,400 Com 0.91 New 27 Ishares IVV 46,273 Core S&p500 Etf 0.91 New 28 Baidu Inc BIDU 43,330 Spon Adr Rep A 0.85 New 29 National Gen Hldgs Corp NGHC 26,734 Com 0.53 New 30 Twenty First Centy Fox Inc FOX 15,249 Cl B 0.30 New 31 Harbinger Group Inc HRG 7,950 Com 0.16 +3.2 32 Mack Cali Rlty Corp CLI 6,292 Com 0.12 New 33 Gramercy Ppty Tr Inc GPT 5,160 Com 0.10 -8.3 34 Cliffs Nat Res Inc CLF 5,115 Com 0.10 -21.9 35 Tower Group Intl Ltd TWGP 2,810 Com 0.06 -20.1 36 Journal Communications Inc JRN 1,757 Cl A 0.03 -86.6 37 Desarrolladora Homex S A De HXM 763 Sponsored Adr 0.02 +20.5 38 Chegg Inc CHGG 350 Com 0.01 -17.8
Sold Positions: JOSB, ETFC, TMUS, NDZ, STWD, IACI, IYR, COLE, STAY, MW, American Rlty Cap Pptys Inc - NOTE 3.750%12/1 New Positions: FOXA, VZ, HTZ, CONN, OCN, NXST, BJRI, IWM, ARCP, AMC, ACG, IVV, BIDU, NGHC, FOX, CLI Top Increases: RMD, AAMC, LAMR Top Decreases: JRN, NRF, AMCX Fund Background: Christian Leone heads up the low-profile, opportunistic, event-oriented credit firm, Luxor Capital Group. Before launching Luxor, Leone worked as part of a credit team managed by Silver Point's Mule and O'Shea, as well as Redwood's Kolatch and Larry Buchalter, president of Luxor.
62 twitter @chensj Mount Kellett Capital Management Total Value: $943,721,000 Positions: 11 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Masonite Intl Corp New DOOR 244,347 Com 25.89 -5.8 2 Sandridge Energy Inc SD 154,880 Com 16.41 +1.2 3 Energy Xxi Bermuda Ltd EXXI 139,609 Usd Unrs Shs 14.79 -12.9 4 Cf Inds Hldgs Inc CF 102,953 Com 10.91 +11.8 5 General Mtrs Co GM 80,433 Com 8.52 -15.8 6 Wpx Energy Inc WPX 57,369 Com 6.08 +119.9 7 General Mtrs Co GMWSA 45,762 *w Exp 07/10/201 4.85 -20.3 8 Mcdermott Intl Inc MDR 35,167 Com 3.73 New 9 General Mtrs Co GMWSB 32,074 *w Exp 07/10/201 3.40 -24.7 10 Quicksilver Resources Inc KWK 28,150 Com 2.98 +25.3 11 Bank Of America Corporation BACWS 22,977 *w Exp 01/16/201 2.43 +27.0 A
Sold Positions: None New Positions: MDR Top Increases: WPX, BACWSA, KWK Top Decreases: GMWSB, GMWSA, GM Fund Background: Mount Kellett Capital Management was founded by two former Goldman Sachs executives. It focuses on global distressed, special situations, and opportunistic investing.
63 twitter @chensj Orbimed Advisors Total Value: $8,131,588,000 Positions: 126 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Intercept Pharmaceuticals In ICPT 572,164 Com 7.04 +383.0 2 Gilead Sciences Inc GILD 381,922 Com 4.70 +1.9 3 Bristol Myers Squibb Co BMY 348,917 Com 4.29 +9.1 4 Biogen Idec Inc BIIB 324,436 Com 3.99 +6.0 5 Allergan Inc AGN 306,527 Com 3.77 +256.0 6 Relypsa Inc RLYP 296,358 Com 3.64 +19.2 7 Amgen Inc AMGN 285,643 Com 3.51 -.5 8 Abbvie Inc ABBV 259,251 Com 3.19 +22.4 9 Hca Holdings Inc HCA 221,288 Com 2.72 +23.4 10 Illumina Inc ILMN 202,252 Com 2.49 +7.8 11 Mylan Inc MYL 200,472 Com 2.47 +9.6 12 Intermune Inc ITMN 199,213 Com 2.45 +75.7 13 Celgene Corp CELG 191,447 Com 2.35 -35.5 14 Medivation Inc MDVN 175,350 Com 2.16 -12.0 15 Perrigo Co Plc PRGO 171,178 Shs 2.11 New 16 Agilent Technologies Inc A 170,142 Com 2.09 -1.4 17 Thermo Fisher Scientific Inc TMO 167,518 Com 2.06 -1.9 18 Incyte Corp INCY 167,196 Com 2.06 -20.2 19 Regeneron Pharmaceuticals REGN 161,851 Com 1.99 -20.4 20 Express Scripts Hldg Co ESRX 157,464 Com 1.94 +74.2 21 Intuitive Surgical Inc ISRG 147,296 Com New 1.81 +414.8 22 Merck & Co Inc New MRK 144,593 Com 1.78 +13.4 23 Impax Laboratories Inc IPXL 141,231 Com 1.74 +32.6 24 Pfizer Inc PFE 117,591 Com 1.45 +8.1 25 Mckesson Corp MCK 102,234 Com 1.26 +78.4 26 Actavis Plc ACT 101,896 Shs 1.25 -14.9 27 Biomarin Pharmaceutical Inc BMRN 101,838 Com 1.25 +2.4 28 Insulet Corp PODD 91,687 Com 1.13 -14.4 29 Carefusion Corp CFN 90,978 Com 1.12 +5.2 30 Neurocrine Biosciences Inc NBIX 87,761 Com 1.08 +257.1 31 Shire Plc SHPG 87,187 Sponsored Adr 1.07 -14.8 32 Health Net Inc HNT 87,066 Com 1.07 +87.9 33 Molina Healthcare Inc MOH 84,623 Com 1.04 +18.0 34 Fluidigm Corp Del FLDM 75,187 Com 0.92 +35.8 35 St Jude Med Inc STJ 74,976 Com 0.92 +45.2 36 Spdr S&p 500 Etf Tr SPY 74,804 Tr Unit 0.92 +20117.3 37 Prothena Corp Plc PRTA 72,368 Shs 0.89 +127.0 38 Zimmer Hldgs Inc ZMH 67,738 Com 0.83 -13.0 39 Acceleron Pharma Inc XLRN 64,439 Com 0.79 -23.2 40 Arrowhead Resh Corp ARWR 64,202 Com New 0.79 +177.9 41 Johnson & Johnson JNJ 58,643 Com 0.72 +2.3 42 Infinity Pharmaceuticals Inc INFI 56,322 Com 0.69 -14.9 43 Stryker Corp SYK 51,057 Com 0.63 -5.2 44 Affymetrix Inc AFFX 47,721 Com 0.59 -18.2 45 Orasure Technologies Inc OSUR 42,815 Com 0.53 +36.5 46 Celldex Therapeutics Inc New CLDX 41,482 Com 0.51 +30.7 47 Alexion Pharmaceuticals Inc ALXN 40,619 Com 0.50 +31.2 48 Lilly Eli & Co LLY 31,961 Com 0.39 New 49 Tornier N V TRNX 31,302 Shs 0.38 New 50 Array Biopharma Inc ARRY 29,596 Com 0.36 +10.9 51 Xenoport Inc XNPT 28,673 Com 0.35 +8.6 52 Exact Sciences Corp EXAS 28,241 Com 0.35 -52.6 53 Nxstage Medical Inc NXTM 26,920 Com 0.33 +.5 54 Tesaro Inc TSRO 24,993 Com 0.31 New 55 Incyte Corp 24,975 Note 4.750%10/0 0.31 -12.2 56 Portola Pharmaceuticals Inc PTLA 24,804 Com 0.31 +.6 64 twitter @chensj Orbimed Advisors Total Value: $8,131,588,000 Positions: 126 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Mirati Therapeutics Inc MRTX 24,302 Com 0.30 +14.7 58 Durata Therapeutics Inc DRTX 24,046 Com 0.30 +5.3 59 Ishares IBB 23,640 Nasdq Biotec Etf 0.29 New 60 Cerus Corp CERS 22,742 Com 0.28 +4.5 61 Ptc Therapeutics Inc PTCT 21,699 Com 0.27 New 62 Mei Pharma Inc MEIP 21,420 Com New 0.26 +34.4 63 Five Prime Therapeutics Inc FPRX 21,142 Com 0.26 New 64 Medtronic Inc MDT 19,877 Com 0.24 +7.2 65 Fluidigm Corp Del 19,395 Note 2.750% 2/0 0.24 New 66 Cardinal Health Inc CAH 18,685 Com 0.23 +21.4 67 Aegerion Pharmaceuticals Inc AEGR 18,472 Com 0.23 New 68 Vertex Pharmaceuticals Inc VRTX 18,182 Com 0.22 -4.0 69 Valeant Pharmaceuticals Intl VRX 17,533 Com 0.22 -4.9 70 Ironwood Pharmaceuticals Inc IRWD 17,027 Com Cl A 0.21 New 71 Agenus Inc AGEN 16,009 Com New 0.20 New 72 Jazz Pharmaceuticals Plc JAZZ 15,948 Shs Usd 0.20 +9.6 73 Volcano Corporation 14,887 Note 1.750%12/0 0.18 New 74 Macrogenics Inc MGNX 13,689 Com 0.17 +1.5 75 Ambit Biosciences Corp AMBI 13,596 Com 0.17 -5.4 76 Inovio Pharmaceuticals Inc INO 13,277 Com 0.16 New 77 Astrazeneca Plc AZN 12,976 Sponsored Adr 0.16 New 78 Xoma Corp Del XOMA 12,697 Com 0.16 -33.3 79 Nuvasive Inc NUVA 12,138 Com 0.15 New 80 Alimera Sciences Inc ALIM 11,835 Com 0.15 New 81 Sinovac Biotech Ltd SVA 11,790 Shs 0.14 +17.6 82 Pernix Therapeutics Hldgs In PTX 11,762 Com 0.14 +101.1 83 Arqule Inc ARQL 11,689 Com 0.14 -4.6 84 Merge Healthcare Inc MRGE 11,294 Com 0.14 +5.2 85 Antares Pharma Inc ATRS 11,249 Com 0.14 -45.2 86 Inspiremd Inc NSPR 10,355 Com New 0.13 +24.0 87 Exelixis Inc EXEL 10,224 Com 0.13 -82.2 88 Davita Healthcare Partners I DVA 9,846 Com 0.12 +8.7 89 Xencor Inc XNCR 9,404 Com 0.12 +46.4 90 Synageva Biopharma Corp GEVA 9,218 Com 0.11 +9.6 91 Redhill Biopharma Ltd RDHL 8,899 Sponsored Ads 0.11 New 92 Forest Labs Inc FRX 8,673 Com 0.11 -50.0 93 Questcor Pharmaceuticals Inc QCOR 8,441 Com 0.10 -6.0 94 Unitedhealth Group Inc UNH 8,363 Com 0.10 -86.0 95 Sunesis Pharmaceuticals Inc SNSS 7,932 Com New 0.10 New 96 Vanda Pharmaceuticals Inc VNDA 7,514 Com 0.09 -38.8 97 Vocera Communications Inc VCRA 7,308 Com 0.09 +4.6 98 Fate Therapeutics Inc FATE 6,749 Com 0.08 +53.1 99 Abbott Labs ABT 6,701 Com 0.08 -42.7 100 Cubist Pharmaceuticals Inc CBST 6,584 Com 0.08 +6.2 101 Bluebird Bio Inc BLUE 6,572 Com 0.08 New 102 Covance Inc CVD 6,546 Com 0.08 +26.0 103 Zoetis Inc ZTS 6,396 Cl A 0.08 -29.9 104 Raptor Pharmaceutical Corp RPTP 6,000 Com 0.07 New 105 Gw Pharmaceuticals Plc GWPH 5,670 Ads 0.07 -57.4 106 Curis Inc CRIS 5,499 Com 0.07 +.0 107 Supernus Pharmaceuticals Inc SUPN 5,185 Com 0.06 +18.6 108 Uroplasty Inc UPI 4,950 Com New 0.06 +25.6 109 Mimedx Group Inc MDXG 4,876 Com 0.06 -20.3 110 Aetna Inc New AET 4,723 Com 0.06 -94.1 111 Catalyst Pharm Partners Inc CPRX 4,283 Com 0.05 +15.9 112 Bacterin Intl Hldgs Inc BONE 3,994 Com 0.05 +145.5 65 twitter @chensj Orbimed Advisors Total Value: $8,131,588,000 Positions: 126 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 113 Derma Sciences Inc DSCI 3,804 Com Par $.01 0.05 New 114 Boston Scientific Corp BSX 3,673 Com 0.05 New 115 Angiodynamics Inc ANGO 3,150 Com 0.04 New 116 Anthera Pharmaceuticals Inc ANTH 3,125 Com New 0.04 +9.1 117 Horizon Pharma Inc HZNP 2,964 Com 0.04 New 118 Biolinerx Ltd BLRX 2,531 Sponsored Adr 0.03 -20.6 119 Qlt Inc QLTI 1,668 Com 0.02 -33.5 120 Mannkind Corp MNKD 1,608 Com 0.02 New 121 Biodel Inc BIOD 1,092 Com New 0.01 -12.5 122 Endologix Inc 964 Note 2.250%12/1 0.01 -5.1 123 Zogenix Inc ZGNX 875 Com 0.01 New 124 Amarin Corp Plc AMRN 724 Spons Adr New 0.01 -38.7 125 Biomarin Pharmaceutical Inc 553 Note 1.500%10/1 0.01 +2.8 126 Biomarin Pharmaceutical Inc 546 Note 0.750%10/1 0.01 +1.7
Sold Positions: TECH, ACAD, CHDX, UTHR, TEVA, HSP, QGEN, PRGO, BAX, WLP, Orexigen Therapeutics Inc - NOTE 2.750%12/0, OPHT New Positions: PRGO, LLY, TRNX, TSRO, IBB, PTCT, FPRX, Fluidigm Corp Del - NOTE 2.750% 2/0, AEGR, IRWD, AGEN, Volcano Corporation - NOTE 1.750%12/0, INO, AZN, NUVA, ALIM, RDHL, SNSS, BLUE, RPTP, DSCI, BSX, ANGO, HZNP, MNKD, ZGNX Top Increases: SPY, ISRG, ICPT Top Decreases: AET, UNH, EXEL Fund Background: Orbimed is a healthcare-dedicated investment firm, with approximately $5 billion in assets under management.
66 twitter @chensj Sandell Asset Management Corp Total Value: $615,280,000 Positions: 29 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Compuware Corp CPWR 74,163 Com 12.05 +37.3 2 Bob Evans Farms Inc BOBE 72,025 Com 11.71 +23.2 3 Spdr S&p 500 Etf Tr SPY 66,875 Tr Unit 10.87 New 4 Visteon Corp VC 38,043 Com New 6.18 +8.0 5 Beam Inc BEAM 34,722 Com 5.64 New 6 Equinix Inc EQIX 33,773 Com New 5.49 +4.2 7 Meritor Inc MTOR 31,867 Com 5.18 +118.6 8 Oil Sts Intl Inc OIS 25,082 Com 4.08 +30.8 9 Hertz Global Holdings Inc HTZ 23,375 Com 3.80 -6.9 10 Hologic Inc HOLX 21,107 Com 3.43 New 11 General Mtrs Co GM 20,462 Com 3.33 -15.8 12 Qep Res Inc QEP 19,306 Com 3.14 +195.0 13 Berry Plastics Group Inc BERY 18,959 Com 3.08 -22.2 14 Mens Wearhouse Inc MW 18,519 Com 3.01 New 15 Aarons Inc AAN 15,188 Com Par $0.50 2.47 New 16 Fidelity National Financial FNF 14,387 Cl A 2.34 New 17 Timken Co TKR 14,058 Com 2.28 -34.2 18 Ashford Hospitality Prime In AHP 12,909 Com 2.10 New 19 Iron Mtn Inc IRM 11,685 Com 1.90 +48.8 20 Hudson City Bancorp HCBK 10,171 Com 1.65 +4.2 21 Sears Hldgs Corp SHLD 9,325 Com 1.52 New 22 Accelrys Inc ACCL 8,706 Com 1.41 New 23 Myers Inds Inc MYE 8,459 Com 1.37 -49.5 24 Ashland Inc New ASH 7,888 Com 1.28 +2.5 25 Schlumberger Ltd SLB 2,702 Com 0.44 +8.2 26 Halliburton Co HAL 949 Com 0.15 +16.0 27 National Oilwell Varco Inc NOV 401 Com 0.07 -2.0 28 American Rlty Cap Pptys Inc ARCP 158 Com 0.03 -97.5 29 Coeur Mng Inc CDEWS 16 *w Exp 04/16/201 0.00 +14.3
Sold Positions: URI, AAL, HES, LIFE, LAMR, LPS, PSX New Positions: SPY, BEAM, HOLX, MW, AAN, FNF, AHP, SHLD, ACCL Top Increases: QEP, MTOR, IRM Top Decreases: ARCP, MYE, TKR Fund Background: Thomas Sandell founded Sandell Asset Management in 1998 after spending the previous eight years at Bear Stearns, where he was hired to establish and run a proprietary international arbitrage business and ultimately co-headed the department.
67 twitter @chensj Eton Park Capital Management Total Value: $5,880,229,000 Positions: 42 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Comcast Corp New CMCSA 697,170 Cl A 11.86 +570.8 2 Ebay Inc EBAY 537,761 Com 9.15 -34.4 3 Barclays Bk Plc VXX 537,413 Ipath S&p500 Vix 9.14 +106.2 4 Marathon Pete Corp MPC 471,798 Com 8.02 -15.0 5 Cheniere Energy Inc LNG 389,111 Com New 6.62 +67.7 6 Williams Cos Inc Del WMB 264,101 Com 4.49 +531.1 7 Cbs Corp New CBS 246,706 Cl B 4.20 +3.2 8 Spirit Aerosystems Hldgs Inc SPR 218,473 Com Cl A 3.72 -14.5 9 Equinix Inc EQIX 203,324 Com New 3.46 +57.8 10 Constellation Brands Inc STZ 190,418 Cl A 3.24 +20.7 11 Liberty Interactive Corp LVNTA 173,244 Lbt Vent Com A 2.95 +6.3 12 Sandisk Corp SNDK 173,097 Com 2.94 New 13 Teekay Corporation TK 169,370 Com 2.88 +17.1 14 Moodys Corp MCO 158,640 Com 2.70 +1.1 15 American Rlty Cap Pptys Inc ARCP 104,656 Com 1.78 New 16 Mead Johnson Nutrition Co MJN 104,515 Com 1.78 +12.8 17 Actavis Plc ACT 102,925 Shs 1.75 +22.5 18 Comcast Corp New CMCSK 88,743 Cl A Spl 1.51 -45.9 19 Allegion Pub Ltd Co ALLE 88,689 Ord Shs 1.51 +5.6 20 Powershares Qqq Trust QQQ 87,680 Unit Ser 1 1.49 New 21 Bre Properties Inc BRE 76,837 Cl A 1.31 -9.5 22 Seadrill Limited SDRL 73,836 Shs 1.26 New 23 Sothebys BID 69,349 Com 1.18 -40.9 24 Walgreen Co WAG 66,030 Com 1.12 +15.0 25 Brookfield Ppty Partners L P BPY 61,810 Unit Ltd Partn 1.05 New 26 Family Dlr Stores Inc FDO 58,010 Com 0.99 -73.6 27 Air Prods & Chems Inc APD 57,857 Com 0.98 -56.4 28 Nu Skin Enterprises Inc NUS 55,683 Cl A 0.95 New 29 Autonavi Hldgs Ltd AMAP 50,100 Sponsored Adr 0.85 New 30 Tesla Mtrs Inc TSLA 41,690 Com 0.71 New 31 Vodafone Group Plc New VOD 36,623 Spnsr Adr No Par 0.62 New 32 Sirius Xm Hldgs Inc SIRI 35,984 Com 0.61 New 33 Scripps Networks Interact In SNI 30,364 Cl A Com 0.52 New 34 Lorillard Inc LO 27,407 Com 0.47 New 35 Talisman Energy Inc TLM 24,950 Com 0.42 New 36 Reynolds American Inc RAI 24,039 Com 0.41 New 37 Citigroup Inc C 23,800 Com New 0.40 New 38 Dish Network Corp DISH 19,845 Cl A 0.34 New 39 Wisdomtree Tr EPI 18,960 India Erngs Fd 0.32 New 40 Commonwealth Reit CWH 9,450 Com Sh Ben Int 0.16 New 41 Cliffs Nat Res Inc CLF 8,184 Com 0.14 New 42 Citigroup Inc CWSB 1,587 *w Exp 10/28/201 0.03 -25.7
Sold Positions: GME, TRI, FOXA, ATVI, PACD, MNK, INTC, VOD, CQH, SPLS, AAP, COLE, GM, BEAM, PRGO, ROC, NWSA, SPY, AZO New Positions: SNDK, ARCP, QQQ, SDRL, BPY, NUS, AMAP, TSLA, VOD, SIRI, SNI, LO, TLM, RAI, C, DISH, EPI, CWH, CLF Top Increases: CMCSA, WMB, VXX Top Decreases: FDO, APD, CMCSK Fund Background: Eric Mindich was the youngest partner ever to make partner at Goldman Sachs in 1994 at the age of 27.He launched Eton Park in
68 twitter @chensj 2004 and raised a record $3.5 billion despite insisting on a stringent lockup.
69 twitter @chensj Michael F. Price Total Value: $821,159,000 Positions: 92 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Hess Corporation HES 66,304 Com 8.07 +14.5 2 Intel Corp. INTC 47,756 Com 5.82 -.5 3 Columbia Banking System, Inc. COLB 37,929 Com 4.62 +91.6 4 Alleghany Corp. Y 30,350 Com 3.70 +1.9 5 Boston Scientific Corp. BSX 27,040 Com 3.29 +12.5 6 Du Pont E I De Nemours & Co DD 25,834 Com 3.15 +24.3 7 Fxcm Inc FXCM 24,826 Com Cl A 3.02 -17.2 8 Dolby Laboratories Inc. DLB 24,800 Com 3.02 +53.1 9 Cit Group Inc. CIT 22,304 Com New 2.72 +19.7 10 Kaiser Aluminum Corp. KALU 21,712 Com Par $0.01 2.64 +1.7 11 Symetra Financial Corp. SYA 21,505 Com 2.62 -7.4 12 Teva Pharmaceutical Inds Ltd. TEVA 20,523 Adr 2.50 +28.0 13 Becton, Dickinson & Co. BDX 20,489 Com 2.50 -7.3 14 Oneok Inc. OKE 17,775 Com 2.16 -4.7 15 Tejon Ranch Co. TRC 17,592 Com 2.14 -8.0 16 Hospira Inc. HSP 17,300 Com 2.11 +4.8 17 Forest City Enterprises Inc. FCEA 17,095 Cl A 2.08 +.0 18 Ruths Hospitality Group Inc. RUTH 16,977 Com 2.07 -14.9 19 Gulfmark Offshore, Inc. GLF 14,516 Cl A New 1.77 -10.7 20 Franklin Financial Corp Va FRNK 13,962 Com 1.70 -1.1 21 Gencorp Inc. GY 13,955 Com 1.70 +1.4 22 First Security Group Inc. 12,646 Com New 1.54 -9.6 23 Omniamerican Bancorp Inc OABC 12,598 Com 1.53 +6.6 24 Cache, Inc. CACH 12,458 Com New 1.52 -39.4 25 Qep Resources Inc. QEP 11,776 Com 1.43 New 26 Pfizer Inc. PFE 11,149 Com 1.36 +4.9 27 Harris Corp Del HRS 10,811 Com 1.32 -52.3 28 Barnes & Noble Inc. BKS 10,450 Com 1.27 +2.8 29 Vornado Realty Trust VNO 9,856 Sh Ben Int 1.20 +11.0 30 Resolute Forest Products Inc. RFP 9,710 Com 1.18 +25.4 31 Heritage Oaks Bancorp HEOP 9,426 Com 1.15 +7.7 32 Aegerion Pharmaceuticals, Inc. AEGR 9,236 Com 1.12 New 33 Northfield Bancorp Inc 9,002 Com 1.10 -2.6 34 Allscripts Healthcare Solutn MDRX 8,609 Com 1.05 +16.6 35 Castle A M & Co. CAS 8,337 Com 1.02 -.5 36 Waterstone Financial Inc. Md WSBF 8,312 Com 1.01 New 37 National Presto Industries, Inc. NPK 7,648 Com 0.93 -3.1 38 Blount International, Inc. BLT 7,387 Com 0.90 -11.2 39 Farmer Bros Co. FARM 7,251 Com 0.88 -15.3 40 News Corp NWSA 6,888 Cl A 0.84 -4.4 41 Yadkin Valley Financial Corp YAVY 6,333 Com 0.77 +4.1 42 Getty Realty Corp. GTY 5,961 Com 0.73 +52.4 43 Heritage Commerce Corp. HTBK 5,221 Com 0.64 -2.2 44 Ftd Companies, Inc. FTD 4,772 Com 0.58 +95.3 45 Popular, Inc. BPOP 4,763 Com New 0.58 New 46 Hometrust Bancshares, Inc. HTBI 4,734 Com 0.58 -1.3 47 The Bancorp Bank 4,703 Com 0.57 -16.6 48 Demand Media, Inc. DMD 4,416 Com 0.54 +22.5 49 Hardinge, Inc. HDNG 4,248 Com 0.52 -.5 50 Big 5 Sporting Goods Corp. BGFV 3,772 Com 0.46 -8.3 51 General Motors Co. GMWSB 3,482 W Exp 7/10/2019 0.42 +201.2 52 Johnson & Johnson JNJ 3,438 Com 0.42 +7.2 53 Northeast Bancorp NBN 3,153 Com New 0.38 +14.7 54 Cape Bancorp Inc. CBNJ 2,851 Com 0.35 +8.3 55 Universal Stainless & Alloy Inc. USAP 2,800 Com 0.34 -6.4 56 Alco Stores Inc. ALCS 2,705 Com 0.33 +8.1 70 twitter @chensj Michael F. Price Total Value: $821,159,000 Positions: 92 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Boeing Co. BA 2,510 Com 0.31 -8.1 58 Ashland Inc New ASH 2,487 Com 0.30 New 59 Liberty Interactive Corp LINTA 2,382 Int Com Ser A 0.29 +224.5 60 American River Bankshares AMRB 2,354 Com 0.29 -2.3 61 Clifton Savings Bancorp, Inc. CSBK 2,317 Com 0.28 -8.5 62 Penny Jc Inc. JCP 2,282 Com 0.28 -31.6 63 Donegal Group Inc. DGICA 2,187 Com Cl A 0.27 -8.3 64 Loews Corporation L 2,167 Com 0.26 New 65 Si Financial Group Inc Md SIFI 2,012 Com 0.25 +220.4 66 Seacoast Banking Corp Of Florida SBCF 1,959 Com New 0.24 -42.5 67 Symantec Corp SYMC 1,697 Com 0.21 New 68 Gamco Investors Inc. GBL 1,693 Com 0.21 -12.3 69 Sanofi GCVRZ 1,635 Right 12/31/2020 0.20 -9.3 70 Titan International, Inc Ill. TWI 1,538 Com 0.19 New 71 Sandridge Energy, Inc. SD 1,535 Com 0.19 +1.1 72 Wright Medical Group Inc. WMGI 1,529 Com 0.19 -1.4 73 Quanex Building Products NX 1,497 Com 0.18 +.2 74 United Financial Bancorp, Inc. UBNK 1,477 Com 0.18 -2.6 75 Crocs, Inc. CROX 1,404 Com 0.17 -2.0 76 Orient Express Hotels Ltd OEH 1,369 Com Cl A 0.17 -4.6 77 General Electric Co. GE 1,295 Com 0.16 -7.6 78 Prudential Bancorp Inc. Pa PBIP 1,292 Com 0.16 +33.2 79 Brt Realty Trust BRT 1,200 Sh Ben Int New 0.15 +.8 80 Exxon Mobil Corp. XOM 1,172 Com 0.14 -3.5 81 Royal Dutch Shell Plc RDSA 1,094 Spon Adr A 0.13 +2.4 82 Bank Of America Corporation BAC 860 Com 0.10 +10.4 83 Callon Pete Co Del CPE 837 Com 0.10 New 84 Plains All American Pipeline PAA 792 Unit Ltd Partn 0.10 +8.0 85 Enzon Pharmaceuticals Inc. ENZN 771 Com 0.09 -11.2 86 Charter Financial Corporation Md CHFN 494 Com 0.06 +.4 87 Boise Cascade Corp. Del BCC 394 Com 0.05 New 88 Kemper Corp. Del KMPR 392 Com 0.05 -4.2 89 Old Republic Intl Corp. ORI 346 Com 0.04 -4.9 90 Hugoton Rty Tr Tex HGT 282 Unit Ben Int 0.03 +7.2 91 Tejon Ranch Co. TRCWS 280 W Exp 8/31/2016 0.03 -33.6 92 Novagold Resources Inc. NG 181 Com New 0.02 -28.7
Sold Positions: PENX, VPHM, AXLL, CLW, MVC, GFLB, GYRO New Positions: QEP, AEGR, WSBF, BPOP, ASH, L, SYMC, TWI, CPE, BCC Top Increases: LINTA, SIFI, GMWSB Top Decreases: HRS, SBCF, CACH Fund Background: Michael F. Price has managed money since 1974 when he joined Mutual Series under Max Heine. Price became partner in 1982 and took over Mutual Series after Heine's passing in 1988. He amassed a market-beating track record, significantly growing the firm and selling it to Franklin Templeton in 1996. Price now manages a family office.
71 twitter @chensj Robert Robotti Total Value: $262,004,000 Positions: 61 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Panhandle Oil And Gas Inc PHX 30,589 Cl A 11.68 +29.2 2 Builders Firstsource Inc BLDR 29,536 Com 11.27 +11.7 3 Leucadia Natl Corp LUK 17,359 Com 6.63 -.9 4 Lsb Inds Inc LXU 15,801 Com 6.03 +10.3 5 Cavco Inds Inc Del CVCO 15,383 Com 5.87 +13.9 6 Omnova Solutions Inc OMN 14,525 Com 5.54 +13.9 7 Atwood Oceanics Inc ATW 13,602 Com 5.19 -4.7 8 Canadian Nat Res Ltd CNQ 11,017 Com 4.20 +12.8 9 Helmerich & Payne Inc HP 8,966 Com 3.42 +24.4 10 Skechers U S A Inc SKX 7,887 Cl A 3.01 +8.1 11 Advanced Energy Inds AEIS 7,817 Com 2.98 -25.0 12 Lincoln Elec Hldgs Inc LECO 7,234 Com 2.76 +.9 13 Cal Maine Foods Inc CALM 6,741 Com New 2.57 +3.7 14 U M H Properties Inc UMH 6,676 Com 2.55 +5.0 15 Seacor Holdings Inc CKH 5,963 Com 2.28 -2.4 16 Gibraltar Inds Inc ROCK 5,731 Com 2.19 -10.1 17 Amrep Corp New AXR 4,436 Com 1.69 -10.6 18 Seneca Foods Corp New SENEA 4,034 Cl A 1.54 -2.6 19 Graftech Intl Ltd GTI 3,998 Com 1.53 -1.9 20 Vistaprint N V VPRT 3,599 Shs 1.37 -16.8 21 Pico Hldgs Inc PICO 3,437 Com New 1.31 +12.5 22 Joy Global Inc JOY 3,217 Com 1.23 -.3 23 Cpi Aerostructures Inc CVU 2,806 Com New 1.07 -13.8 24 Drew Inds Inc DW 2,774 Com New 1.06 +4.1 25 Stealthgas Inc GASS 2,369 Shs 0.90 +16.2 26 Starr Bulk Carriers Corp SBLK 2,238 Shs New 0.85 -18.8 27 Pricesmart Inc PSMT 2,221 Com 0.85 -16.3 28 Coty Inc COTY 1,723 Com Cl A 0.66 New 29 Era Group Inc ERA 1,622 Com 0.62 -7.7 30 Coast Distr Sys CRV 1,582 Com 0.60 +15.1 31 Mobile Mini Inc MINI 1,339 Com 0.51 +.4 32 Westlake Shem Corp WLK 1,324 Com 0.51 +8.4 33 Wpx Energy Inc WPX 1,280 Com 0.49 -15.0 34 Cgg CGG 1,210 Spons Adr 0.46 -8.6 35 Bpz Resources Inc BPZ 1,196 Com 0.46 +53.5 36 Berkshire Hathaway Inc Del BRKB 1,092 Cl B New 0.42 +5.3 37 Global Power Equipment Grp Inc GLPW 1,038 Com Par $0.01 0.40 +.9 38 Stock Bldg Supply Hldgs Inc STCK 709 Com 0.27 +23.7 39 Phi Inc PHII 632 Com Vtg 0.24 +4.8 40 Ifm Invts Ltd CTC 609 Ads Cl A New 0.23 -21.9 41 Skyline Corp SKY 600 Com 0.23 +20.2 42 Hallador Energy Company HNRG 569 Com 0.22 +12.9 43 Baldwin & Lyons Inc BWINA 564 Cl A 0.22 -.7 44 National Westn Life Ins Co NWLI 517 Cl A 0.20 +9.3 45 Timken Co TKR 474 Com 0.18 +6.8 46 Apple Inc AAPL 440 Com 0.17 -4.3 47 Talisman Energy Inc TLM 403 Com 0.15 -17.9 48 Tal Intl Group Inc TAL 368 Com 0.14 -25.2 49 Steel Partners Hldgs L P SPLP 339 Ltd Prtrship U 0.13 -2.3 50 Bluelinx Hldgs Inc BXC 307 Com 0.12 -33.5 51 Devon Energy Corp New DVN 305 Com 0.12 +8.2 52 Radnet Inc RDNT 300 Com 0.11 +70.5 53 Pioneer Nat Res Co PXD 262 Com 0.10 +1.6 54 Ruby Tuesday Inc RT 239 Com 0.09 New 55 Merck & Co Inc New MRK 227 Com 0.09 +13.5 56 American Eagle Outfitters Ne AEO 216 Com 0.08 New 72 twitter @chensj Robert Robotti Total Value: $262,004,000 Positions: 61 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Tgc Inds Inc TGE 192 Com New 0.07 -18.3 58 Turquoise Hill Res Ltd TRQ 167 Com 0.06 +26.5 59 Intergrated Electrical Svc 124 Com 0.05 +14.8 60 Spartan Mtrs Inc SPAR 59 Com 0.02 -22.4 61 Manhattan Bridge Capital Inc LOAN 20 Com 0.01 +17.6
Sold Positions: TRQRT, LMNR, EJ New Positions: COTY, RT, AEO Top Increases: RDNT, BPZ, PHX Top Decreases: BXC, TAL, AEIS Fund Background: Robert Robotti is the President of Robotti & Company. Prior to forming Robotti & Company in 1983, he was a VP of Gabelli & Company.
73 twitter @chensj Blue Harbour Group Total Value: $1,849,299,000 Positions: 21 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Akamai Technologies Inc AKAM 213,846 Com 11.56 +23.4 2 Caci Intl Inc CACI 182,095 Cl A 9.85 +.8 3 Progressive Waste Solutions BIN 181,541 Com 9.82 +4.4 4 Babcock & Wilcox Co New BWC 173,066 Com 9.36 +360.9 5 Globe Specialty Metals Inc GSM 150,322 Com 8.13 +20.0 6 Chicos Fas Inc CHS 147,612 Com 7.98 -14.9 7 Nabors Industries Ltd NBR 146,561 Shs 7.93 +45.1 8 Allscripts Healthcare Solutn MDRX 142,057 Com 7.68 +16.6 9 Devry Ed Group Inc DV 110,188 Com 5.96 +19.4 10 Conversant Inc CNVR 80,957 Com 4.38 New 11 Ishares IWM 61,369 Russell 2000 Etf 3.32 +134.5 12 Interxion Holding N.v INXN 59,901 Shs 3.24 +2091.8 13 Dominion Diamond Corp DDC 43,602 Com 2.36 +31.7 14 Rowan Companies Plc RDC 28,323 Shs Cl A 1.53 New 15 Entegris Inc ENTG 27,529 Com 1.49 +1.8 16 Urban Outfitters Inc URBN 27,242 Com 1.47 New 17 Brocade Communications Sys I BRCD 23,676 Com New 1.28 -81.6 18 Celestica Inc CLS 17,211 Sub Vtg Shs 0.93 New 19 Investors Bancorp Inc ISBC 14,067 Com 0.76 New 20 Employers Holdings Inc EIG 10,179 Com 0.55 +61.0 21 Telephone & Data Sys Inc TDS 7,955 Com New 0.43 New
Sold Positions: DHX, VCLK, HTSI, URS New Positions: CNVR, RDC, URBN, CLS, ISBC, TDS Top Increases: INXN, BWC, IWM Top Decreases: BRCD, CHS Fund Background: Blue Harbour is an activist fund that manages $1.7 billion. It was founded by Cliff Robbins in 2004. Robbins worked at KKR & Co and decided to then try what he describes as a private-equity approach to investing: Buy in and then help management make changes.
74 twitter @chensj 12 West Capital Management Total Value: $625,697,000 Positions: 17 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Fleetcor Technologies Inc FLT 185,747 Com 29.69 -1.8 2 Masonite Intl Corp New DOOR 86,424 Com 13.81 -5.1 3 Uti Worldwide Inc UTIW 53,296 Ord 8.52 -39.7 4 Ascent Cap Group Inc ASCMA 42,850 Com Ser A 6.85 -11.7 5 Blount Intl Inc New BLT 41,588 Com 6.65 -17.8 6 Shenandoah Telecommunication SHEN 34,949 Com 5.59 +18.4 7 Allegion Pub Ltd Co ALLE 33,128 Ord Shs 5.29 New 8 Castle A M & Co CAS 31,326 Com 5.01 -5.7 9 Aegean Marine Petroleum Netw ANW 25,722 Shs 4.11 -10.9 10 Libbey Inc LBY 21,945 Com 3.51 +43.2 11 Casella Waste Sys Inc CWST 18,881 Cl A 3.02 -11.9 12 Diana Shipping Inc DSX 17,454 Com 2.79 +28.1 13 Euroseas Ltd ESEA 13,961 Com New 2.23 New 14 Idenix Pharmaceuticals Inc IDIX 10,746 Com 1.72 +.8 15 Ari Network Svcs Inc ARIS 4,586 Com New 0.73 -2.8 16 Response Genetics Inc RGDX 2,913 Com 0.47 +2.6 17 Global Geophysical Svcs Inc GGS 180 Com 0.03 New
Sold Positions: None New Positions: ALLE, ESEA, GGS Top Increases: LBY, DSX, SHEN Top Decreases: UTIW, BLT, CWST Fund Background: Joel Ramin started 12 West Capital in 2011 after leaving Bridger Capital, where he was an analyst. He previously also worked at Blackstone Group in the private equity division.
75 twitter @chensj Boyar Asset Management Total Value: $122,683,000 Positions: 68 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Pfizer Inc PFE 5,604 Cs 4.57 +2.6 2 Microsoft Corp MSFT 4,915 Cs 4.01 +7.3 3 Travelers Companies Inc TRV 4,778 Cs 3.89 New 4 Home Depot Inc HD 4,683 Cs 3.82 -5.0 5 Jpmorgan Chase & Co JPM 4,667 Cs 3.80 New 6 Ameriprise Financial Inc AMP 4,379 Cs 3.57 New 7 Time Warner Inc TWX 3,690 Cs 3.01 -7.1 8 Madison Square Garden Inc MSG 3,319 Cl A 2.71 New 9 Comcast Corp CMCSK 3,270 Cl A Spl 2.67 New 10 Bank Of New York Mellon Corp BK 3,121 Cs 2.54 +.9 11 Bank Of America Corporation BAC 3,092 Cs 2.52 +12.1 12 Mondelez Intl Inc MDLZ 3,092 Cl A 2.52 -2.1 13 Disney Walt Co Disney DIS 3,066 Com Disney 2.50 +4.8 14 Bristol-myers Squibb Co BMY 3,042 Cs 2.48 -4.5 15 Wendys Co WEN 2,838 Cs 2.31 New 16 Meredith Corp MDP 2,802 Cs 2.28 -13.4 17 Hanesbrands Inc HBI 2,789 Cs 2.27 +7.9 18 United Parcel Service Inc UPS 2,720 Cl A 2.22 -9.0 19 Clorox Co CLX 2,706 Cs 2.21 -5.4 20 Energizer Holdings Inc ENR 2,645 Cs 2.16 New 21 Kohls Corp KSS 2,617 Cs 2.13 -.5 22 Johnson & Johnson JNJ 2,589 Cs 2.11 +7.2 23 Molson Coors Brewing Co TAP 2,518 Cl B 2.05 New 24 Bed Bath & Beyond Inc BBBY 2,317 Cs 1.89 New 25 General Electric Co GE 2,288 Cs 1.86 -8.7 26 Staples Inc SPLS 2,200 Cs 1.79 +18.4 27 Scotts Miracle-gro Co SMG 2,197 Cl A 1.79 +.8 28 Intel Corp INTC 2,142 Cs 1.75 -.6 29 Marriott Intl Inc MAR 1,862 Cl A 1.52 +13.2 30 Kraft Foods Group Inc KRFT 1,844 Cs 1.50 New 31 Sysco Corp SYY 1,752 Cs 1.43 +3.4 32 Citigroup Inc C 1,678 Cs 1.37 -8.7 33 Campbell Soup Co CPB 1,576 Cs 1.28 +3.8 34 Ishares Tr S&p 500 Index IVV 1,485 Etf 1.21 +40.5 35 Cisco Systems Inc CSCO 1,481 Cs 1.21 New 36 Western Union Co WU 1,472 Cs 1.20 -.5 37 Carnival Corp CCL 1,421 Cs 1.16 -7.5 38 Interval Leisure Group Inc IILG 1,246 Cs 1.02 New 39 Yahoo Inc YHOO 1,232 Cs 1.00 -12.8 40 Ishares Tr S&p Mid Cap 400 IJH 1,154 Etf 0.94 +45.5 41 Ishares Tr S&p Small Cap 600 IJR 1,152 Etf 0.94 +43.6 42 Cvs Caremark Corporation CVS 935 Cs 0.76 +4.6 43 Weight Watchers Intl Inc WTW 928 Cs 0.76 -37.8 44 Amc Networks Inc AMCX 891 Cl A 0.73 New 45 Mgm Resorts International MGM 855 Cs 0.70 +9.9 46 Ishares Tr S&p Euro Plus IEV 855 Etf 0.70 +48.2 47 Cablevision Systems Corp CVC 844 Cl A 0.69 New 48 International Speedway Corp ISCA 696 Cl A 0.57 +.0 49 American Express Co AXP 692 Cs 0.56 -3.2 50 Verizon Communications Inc VZ 618 Cs 0.50 New 51 Laboratory Corp America Holdin LH 616 Cs 0.50 New 52 Diebold Inc DBD 615 Cs 0.50 +11.4 53 Waste Management Inc WM 605 Cs 0.49 New 54 Nasdaq Omx Group Inc NDAQ 544 Cs 0.44 -17.8 55 Broadridge Financial Solutions BR 532 Cs 0.43 New 56 Reis Inc REIS 507 Cs 0.41 New 76 twitter @chensj Boyar Asset Management Total Value: $122,683,000 Positions: 68 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Kimberly Clark Corp KMB 452 Cs 0.37 +5.6 58 Devon Energy Corp DVN 300 Cs 0.24 New 59 Liberty Interactive Corporatio LINTA 255 Cs 0.21 New 60 International Business Machine IBM 239 Cs 0.19 -3.6 61 Altria Group Inc MO 222 Cs 0.18 New 62 Legg Mason Inc LM 216 Cs 0.18 New 63 Schwab Charles Corp SCHW 205 Cs 0.17 New 64 Callaway Golf Co ELY 203 Cs 0.17 +38.1 65 Whistler Blackcomb Holdings In 151 Cs 0.12 New 66 Xo Group Inc XOXO 133 Cs 0.11 -31.8 67 Trinity Pl Holdings Inc TPHS 121 Cs 0.10 New 68 Viggle Inc VGGL 12 Cs 0.01 New
Sold Positions: CMCSK, TRV, VGGL, LH, CVC, CSCO, TAP, VZ, KRFT, BR, REIS, MSG, ENR, JPM, WEN, WM, IILG, MO, TPHS, AMP, AMCX, DVN New Positions: TRV, JPM, AMP, MSG, CMCSK, WEN, ENR, TAP, BBBY, KRFT, CSCO, IILG, AMCX, CVC, VZ, LH, WM, BR, REIS, DVN, LINTA, MO, LM, SCHW, Whistler Blackcomb Holdings In - CS, TPHS, VGGL Top Increases: IEV, IJH, IJR Top Decreases: WTW, XOXO, NDAQ Fund Background: In 1975, Mark Boyar began publishing independent equity research on intrinsically undervalued companies. This led in 1983 to the establishment of Boyar Asset Management.
77 twitter @chensj Lone Pine Capital Total Value: $23,001,722,000 Positions: 49 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Cognizant Technology Solutio CTSH 1,453,351 Cl A 6.32 +34.0 2 Microsoft Corp MSFT 1,233,213 Com 5.36 +21.5 3 Baidu Inc BIDU 1,189,736 Spon Adr Rep A 5.17 +24.0 4 Valeant Pharmaceuticals Intl VRX 1,162,306 Com 5.05 +27.6 5 Liberty Global Plc LBTYK 865,525 Shs Cl C 3.76 +98.0 6 Michael Kors Hldgs Ltd KORS 843,527 Shs 3.67 +70.0 7 Mcgraw Hill Finl Inc MHFI 839,203 Com 3.65 +97.9 8 Sba Communications Corp SBAC 813,532 Com 3.54 +66.0 9 Gap Inc Del GPS 798,163 Com 3.47 -.7 10 Intercontinentalexchange Gro ICE 668,414 Com 2.91 +31.5 11 Crown Castle Intl Corp CCI 668,058 Com 2.90 -12.2 12 Monsanto Co New MON 656,195 Com 2.85 -3.4 13 Qualcomm Inc QCOM 650,826 Com 2.83 -30.5 14 Twenty First Centy Fox Inc FOXA 639,615 Cl A 2.78 -10.9 15 Fleetcor Technologies Inc FLT 626,437 Com 2.72 +22.7 16 Dollar Gen Corp New DG 573,697 Com 2.49 -49.7 17 Realogy Hldgs Corp RLGY 560,514 Com 2.44 -8.8 18 Mastercard Inc MA 544,923 Cl A 2.37 -31.4 19 Ulta Salon Cosmetcs & Frag I ULTA 506,942 Com 2.20 +9.2 20 Actavis Plc ACT 489,575 Shs 2.13 New 21 Lpl Finl Hldgs Inc LPLA 447,555 Com 1.95 New 22 Adobe Sys Inc ADBE 433,906 Com 1.89 New 23 Barclays Bk Plc VXX 421,079 Ipath S&p500 Vix 1.83 -.9 24 Equinix Inc EQIX 416,758 Com New 1.81 New 25 Wyndham Worldwide Corp WYN 357,269 Com 1.55 -22.8 26 Priceline Com Inc PCLN 345,734 Com New 1.50 -66.4 27 Jazz Pharmaceuticals Plc JAZZ 325,133 Shs Usd 1.41 New 28 Soufun Hldgs Ltd SFUN 302,857 Adr 1.32 +8067.7 29 B/e Aerospace Inc BEAV 295,489 Com 1.28 -23.2 30 Liberty Global Plc LBTYA 290,468 Shs Cl A 1.26 -26.8 31 Endo Intl Plc ENDP 286,868 Shs 1.25 New 32 Solarwinds Inc SWI 277,794 Com 1.21 +9.6 33 Oceaneering Intl Inc OII 273,779 Com 1.19 +11.0 34 Workday Inc WDAY 273,015 Cl A 1.19 +6.4 35 Wynn Resorts Ltd WYNN 263,221 Com 1.14 New 36 Davita Healthcare Partners I DVA 251,698 Com 1.09 -53.1 37 Icici Bk Ltd IBN 251,031 Adr 1.09 New 38 Dsw Inc DSW 249,343 Cl A 1.08 -15.0 39 Lumber Liquidators Hldgs Inc LL 245,741 Com 1.07 +382.6 40 Tiffany & Co New TIF 228,043 Com 0.99 New 41 Autonation Inc AN 212,481 Com 0.92 New 42 Transdigm Group Inc TDG 191,482 Com 0.83 -57.0 43 Asml Holding N V ASML 126,617 N Y Registry Shs 0.55 +12.4 44 Facebook Inc FB 120,480 Cl A 0.52 -26.5 45 Sears Hldgs Corp SHLD 100,013 Com 0.43 -10.3 46 Coach Inc COH 77,948 Com 0.34 -78.6 47 Seaworld Entmt Inc SEAS 63,910 Com 0.28 -27.4 48 Ctrip Com Intl Ltd CTRP 58,432 American Dep Shs 0.25 New 49 Yandex N V YNDX 29,826 Shs Class A 0.13 New
Sold Positions: CME, TW, UNG, CHTR, KMIWS, AXP, LOW, SEMG, MJN, VRSN, LMCA, ENDP, DLTR New Positions: ACT, LPLA, ADBE, EQIX, JAZZ, ENDP, WYNN, IBN, TIF, AN, CTRP, YNDX Top Increases: 78 twitter @chensj SFUN, LL, LBTYK Top Decreases: COH, PCLN, TDG Fund Background: Steve Mandel is the founder of Lone Pine Capital, a global long/short and long-only equity money manager which he started in 1997. Prior to founding Lone Pine, Mr. Mandel was managing director and consumer analyst at Tiger Management Corporation (1990-1997), mass-market retailing analyst at Goldman Sachs (1984-1990) and consultant at Mars and Company (1982-1984).
79 twitter @chensj Blue Ridge Capital Total Value: $9,043,144,000 Positions: 51 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Endo Intl Plc ENDP 595,649 Shs 6.59 New 2 Colfax Corp CFX 383,042 Com 4.24 +12.0 3 Priceline Com Inc PCLN 358,759 Com New 3.97 +2.5 4 Actavis Plc ACT 357,150 Shs 3.95 +62.3 5 American Intl Group Inc AIG 356,471 Com New 3.94 -4.7 6 Thermo Fisher Scientific Inc TMO 351,702 Com 3.89 -7.8 7 Charter Communications Inc D CHTR 348,656 Cl A New 3.86 -10.1 8 Monsanto Co New MON 346,999 Com 3.84 -2.4 9 Avis Budget Group CAR 323,855 Com 3.58 +20.5 10 Citigroup Inc C 305,830 Com New 3.38 -8.7 11 Grace W R & Co Del New GRA 297,510 Com 3.29 +.3 12 Sensata Technologies Hldg Bv ST 280,784 Shs 3.10 +10.0 13 Amazon Com Inc AMZN 272,456 Com 3.01 -14.6 14 Google Inc GOOG 255,223 Cl A 2.82 -17.5 15 Marathon Pete Corp MPC 242,842 Com 2.69 -5.1 16 Gap Inc Del GPS 237,956 Com 2.63 +2.5 17 Allegion Pub Ltd Co ALLE 230,591 Ord Shs 2.55 New 18 Walgreen Co WAG 226,813 Com 2.51 New 19 Cheniere Energy Inc LNG 221,954 Com New 2.45 +28.4 20 E Trade Financial Corp ETFC 215,071 Com New 2.38 +17.2 21 Coach Inc COH 215,028 Com 2.38 +58.3 22 Sandisk Corp SNDK 205,411 Com 2.27 +15.1 23 Ihs Inc IHS 204,120 Cl A 2.26 +1.5 24 Apple Inc AAPL 171,757 Com 1.90 -4.3 25 Sally Beauty Hldgs Inc SBH 170,428 Com 1.88 -9.4 26 Platform Specialty Prods Cor PAH 152,400 Com 1.69 New 27 Hollyfrontier Corp HFC 146,309 Com 1.62 -4.2 28 American Homes 4 Rent AMH 145,377 Cl A 1.61 +3.1 29 Ulta Salon Cosmetcs & Frag I ULTA 143,363 Com 1.59 +1.0 30 Biomarin Pharmaceutical Inc BMRN 140,513 Com 1.55 -3.0 31 Mgic Invt Corp Wis MTG 126,953 Com 1.40 +.9 32 Sirius Xm Hldgs Inc SIRI 120,880 Com 1.34 -8.3 33 Workday Inc WDAY 117,305 Cl A 1.30 +9.9 34 Liberty Global Plc LBTYA 107,328 Shs Cl A 1.19 -71.0 35 Liberty Global Plc LBTYK 105,032 Shs Cl C 1.16 New 36 Pbf Energy Inc PBF 81,528 Cl A 0.90 -18.0 37 Barrick Gold Corp ABX 80,592 Com 0.89 +1.1 38 Grupo Financiero Santander-m BSMX 77,120 Spon Adr Shs B 0.85 -9.9 39 Post Hldgs Inc POST 66,420 Com 0.73 +45.0 40 Twitter Inc TWTR 46,670 Com 0.52 -26.7 41 Linkedin Corp LNKD 46,235 Com Cl A 0.51 -14.7 42 Myriad Genetics Inc MYGN 34,190 Com 0.38 New 43 Macrogenics Inc MGNX 25,047 Com 0.28 +1.5 44 American Intl Group Inc AIGWS 23,506 *w Exp 01/19/202 0.26 +.9 45 Nu Skin Enterprises Inc NUS 22,784 Cl A 0.25 New 46 Jpmorgan Chase & Co JPMWS 18,847 *w Exp 10/28/201 0.21 +4.2 47 Molycorp Inc Del MCP 13,435 Com 0.15 -16.6 48 Blackberry Ltd BBRY 9,474 Com 0.10 -45.7 49 Zulily Inc ZU 6,776 Cl A 0.07 -79.6 50 Castlight Health Inc CSLT 5,305 Cl B 0.06 New 51 Coupons Com Inc COUP 3,698 Com 0.04 New
Sold Positions: HCA, CLF, TWX, GILD, WYN, FOXA, CBS, TSLA, HDB, ENDP, DLTR, NWSA New Positions:
80 twitter @chensj ENDP, ALLE, WAG, PAH, LBTYK, MYGN, NUS, CSLT, COUP Top Increases: ACT, COH, POST Top Decreases: ZU, LBTYA, BBRY Fund Background: Blue Ridge Capital was founded by John Griffin in 1996 in New York City. Mr. Griffin is one of the more prominent Tiger Cubs. Prior to working at Tiger Management, Mr. Griffin earned his undergraduate degree from the University of Virginia and an MBA from Stanford Graduate School of Business. He launched his investment career as an analyst at Morgan Stanley in the Merchant Banking group.
81 twitter @chensj Maverick Capital Total Value: $7,149,348,000 Positions: 50 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Ralph Lauren Corp RL 324,262 Cl A 4.54 +75.1 2 Valeant Pharmaceuticals Intl VRX 319,263 Com 4.47 +66.4 3 Transdigm Group Inc TDG 311,221 Com 4.35 +8.5 4 Liberty Global Plc LBTYK 308,409 Shs Cl C 4.31 New 5 Palo Alto Networks Inc PANW 293,428 Com 4.10 +14.5 6 Home Depot Inc HD 282,685 Com 3.95 -5.0 7 Crown Castle Intl Corp CCI 278,256 Com 3.89 +185.7 8 Solarwinds Inc SWI 274,879 Com 3.84 -.2 9 Hca Holdings Inc HCA 256,018 Com 3.58 +5.4 10 Capital One Finl Corp COF 251,176 Com 3.51 +14.4 11 Baidu Inc BIDU 242,191 Spon Adr Rep A 3.39 +95.8 12 Adobe Sys Inc ADBE 236,220 Com 3.30 +26.9 13 Calpine Corp CPN 234,715 Com New 3.28 +27.7 14 Catamaran Corp CTRX 226,660 Com 3.17 +19.1 15 Citrix Sys Inc CTXS 226,522 Com 3.17 -26.3 16 Ashland Inc New ASH 220,724 Com 3.09 New 17 Fortinet Inc FTNT 193,780 Com 2.71 -6.7 18 Avago Technologies Ltd AVGO 180,388 Shs 2.52 +44.6 19 Monsanto Co New MON 169,768 Com 2.37 +228.4 20 Radian Group Inc RDN 168,435 Com 2.36 +35.7 21 Qualcomm Inc QCOM 153,453 Com 2.15 -36.9 22 Qlik Technologies Inc QLIK 143,823 Com 2.01 -37.9 23 Mgic Invt Corp Wis MTG 140,580 Com 1.97 +61.5 24 Yandex N V YNDX 132,759 Shs Class A 1.86 -5.6 25 National Oilwell Varco Inc NOV 132,718 Com 1.86 -37.6 26 Twenty First Centy Fox Inc FOXA 129,308 Cl A 1.81 New 27 Cubist Pharmaceuticals Inc CBST 127,268 Com 1.78 New 28 Ctrip Com Intl Ltd CTRP 122,356 American Dep Shs 1.71 New 29 Ambev Sa ABEV 117,615 Sponsored Adr 1.65 +11.4 30 Santander Consumer Usa Hdg I SC 110,840 Com 1.55 New 31 Aercap Holdings Nv AER 104,955 Shs 1.47 New 32 Columbia Ppty Tr Inc CXP 103,204 Com New 1.44 New 33 Textron Inc TXT 100,316 Com 1.40 New 34 Community Health Sys Inc New CYH 98,126 Com 1.37 -55.0 35 Allscripts Healthcare Solutn MDRX 94,753 Com 1.33 New 36 Fomento Economico Mexicano S FMX 80,564 Spon Adr Units 1.13 -27.3 37 Anheuser Busch Inbev Sa/nv BUD 39,059 Sponsored Adr 0.55 -64.3 38 Liberty Global Plc LBTYA 37,412 Shs Cl A 0.52 -72.9 39 Pacific Biosciences Calif In PACB 34,560 Com 0.48 +2.3 40 Carmax Inc KMX 34,531 Com 0.48 New 41 Novartis A G NVS 29,891 Sponsored Adr 0.42 +39.1 42 Soufun Hldgs Ltd SFUN 28,400 Adr 0.40 New 43 Radian Group Inc 22,252 Note 3.000%11/1 0.31 New 44 Castlight Health Inc CSLT 8,684 Cl B 0.12 New 45 Burger King Worldwide Inc BKW 8,292 Com 0.12 New 46 Fleetcor Technologies Inc FLT 7,245 Com 0.10 New 47 Capital One Finl Corp COFWS 5,299 *w Exp 11/14/201 0.07 -.2 48 Royal Bk Scotland Group Plc RBSPRS 1,106 Sp Adr Pref S 0.02 +7.4 49 Royal Bk Scotland Group Plc RBSPR 754 Adr Pref Shs Q 0.01 +9.0 Q 50 Royal Bk Scotland Group Plc RBSPRP 225 Adr Pfd Ser P 0.00 -62.9
Sold Positions: ESNT, RBSPRL, ADSK, TWC, FIS, NVR, CQH, FB, ASML, PNRA, RBSPRM, CHTR, HUM, YHOO, EBAY, DG, C, TMH, PCLN, CBS, FNF, COMM, ISRG, MET, RBSPRN, ULTA, CI, FFIV, CAM, ZTS
82 twitter @chensj New Positions: LBTYK, ASH, FOXA, CBST, CTRP, SC, AER, CXP, TXT, MDRX, KMX, SFUN, Radian Group Inc - NOTE 3.000%11/1, CSLT, BKW, FLT Top Increases: MON, CCI, BIDU Top Decreases: LBTYA, BUD, RBSPRP Fund Background: Lee Ainslie founded Maverick Capital in 1993 with $38 million in seed capital from Texas entrepreneur Sam Wyly. Ainslie previously workedat Tiger Management. He graduated from the University of Virginia and received his MBA from the University of North Carolina.
83 twitter @chensj Highfields Capital Management Total Value: $11,935,045,000 Positions: 71 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Canadian Nat Res Ltd CNQ 818,995 Com 6.86 -8.9 2 Franklin Res Inc BEN 771,163 Com 6.46 +7.9 3 Intercontinentalexchange Gro ICE 692,044 Com 5.80 +34.0 4 Mcgraw Hill Finl Inc MHFI 663,730 Com 5.56 -23.9 5 Directv DTV 597,478 Com 5.01 +10.6 6 Monsanto Co New MON 463,158 Com 3.88 New 7 Spdr S&p 500 Etf Tr SPY 448,327 Tr Unit 3.76 +511.6 8 Time Warner Cable Inc TWC 350,995 Com 2.94 +1.2 9 Air Prods & Chems Inc APD 337,193 Com 2.83 +64.6 10 Microsoft Corp MSFT 325,778 Com 2.73 -46.6 11 American Intl Group Inc AIG 322,565 Com New 2.70 +15.9 12 Teva Pharmaceutical Inds Ltd TEVA 317,040 Adr 2.66 New 13 Iron Mtn Inc IRM 315,084 Com 2.64 +17.6 14 Ebay Inc EBAY 276,200 Com 2.31 New 15 Ashland Inc New ASH 268,038 Com 2.25 +6.6 16 Applied Matls Inc AMAT 259,060 Com 2.17 +20.6 17 Bp Plc BP 244,253 Sponsored Adr 2.05 -6.7 18 Anadarko Pete Corp APC 227,137 Com 1.90 -21.6 19 Fidelity National Financial FNF 226,368 Cl A 1.90 -3.1 20 Royal Dutch Shell Plc RDSA 219,748 Spons Adr A 1.84 +29.7 21 Qualcomm Inc QCOM 207,008 Com 1.73 +6.2 22 Broadcom Corp BRCM 200,075 Cl A 1.68 +6.2 23 Exxon Mobil Corp XOM 199,804 Com 1.67 New 24 Allergan Inc AGN 188,012 Com 1.58 +33.1 25 Mondelez Intl Inc MDLZ 179,126 Cl A 1.50 -38.4 26 Metlife Inc MET 173,822 Com 1.46 -18.3 27 Barclays Bk Plc VXX 168,600 Ipath S&p500 Vix 1.41 New 28 Nordstrom Inc JWN 164,961 Com 1.38 +1.1 29 Tw Telecom Inc TWTC 150,879 Com 1.26 +2.6 30 Citigroup Inc C 146,632 Com New 1.23 +1003.5 31 Tesla Mtrs Inc TSLA 144,789 Com 1.21 +140.7 32 Barrick Gold Corp ABX 130,425 Com 1.09 -66.8 33 Dollar Tree Inc DLTR 127,876 Com 1.07 +.5 34 Tim Hortons Inc THI 126,903 Com 1.06 -5.1 35 Ypf Sociedad Anonima YPF 125,826 Spon Adr Cl D 1.05 -48.2 36 Liberty Interactive Corp LVNTA 124,778 Lbt Vent Com A 1.05 +6.3 37 Ishares IWO 114,290 Rus 2000 Grw Etf 0.96 +.4 38 Vodafone Group Plc New VOD 104,477 Spnsr Adr No Par 0.88 New 39 Dish Network Corp DISH 93,315 Cl A 0.78 -35.6 40 Slm Corp SLM 91,491 Com 0.77 -52.7 41 Fossil Group Inc FOSL 87,458 Com 0.73 +191.7 42 News Corp New NWSA 75,657 Cl A 0.63 -4.4 43 Compuware Corp CPWR 73,354 Com 0.61 -6.3 44 Family Dlr Stores Inc FDO 56,156 Com 0.47 -31.0 45 Sandridge Energy Inc SD 49,120 Com 0.41 +1.2 46 Ocwen Finl Corp OCN 40,943 Com New 0.34 New 47 Spdr Series Trust KBE 38,057 S&p Bk Etf 0.32 +2.6 48 Seaworld Entmt Inc SEAS 35,414 Com 0.30 +5.1 49 Vanguard Intl Equity Index F VWO 34,087 Ftse Emr Mkt Etf 0.29 -1.4 50 Wendys Co WEN 32,308 Com 0.27 +4.6 51 Penney J C Inc JCP 28,015 Com 0.23 -5.8 52 Liberty Interactive Corp LINTA 26,734 Int Com Ser A 0.22 +23.8 53 Ralph Lauren Corp RL 25,105 Cl A 0.21 New 54 Unitedhealth Group Inc UNH 24,593 Com 0.21 +8.9 55 Market Vectors Etf Tr RSX 23,443 Russia Etf 0.20 New 56 Cerner Corp CERN 19,315 Com 0.16 +3.5 84 twitter @chensj Highfields Capital Management Total Value: $11,935,045,000 Positions: 71 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Enbridge Inc ENB 18,955 Com 0.16 New 58 Aramark Hldgs Corp ARMK 15,939 Com 0.13 -62.0 59 Hyatt Hotels Corp H 15,401 Com Cl A 0.13 -55.8 60 Mgm Resorts International 14,581 Note 4.250% 4/1 0.12 +5.9 61 Beam Inc BEAM 13,411 Com 0.11 +22.4 62 Grupo Televisa Sa TV 12,151 Spon Adr Rep Ord 0.10 +46.0 63 Pennymac Mtg Invt Tr PMT 11,950 Com 0.10 +4.1 64 Pacwest Bancorp Del PACW 11,389 Com 0.10 -8.2 65 Autonation Inc AN 11,178 Com 0.09 New 66 Suncor Energy Inc New SU 10,669 Com 0.09 New 67 Meadwestvaco Corp MWV 7,716 Com 0.06 New 68 Micron Technology Inc MU 6,625 Com 0.06 -74.7 69 Goldcorp Inc New GG 4,896 Com 0.04 New 70 Northeast Bancorp NBN 2,970 Com New 0.02 -2.3 71 Community Health Sys Inc New CYHHZ 12 Right 01/27/2016 0.00 New
Sold Positions: BERY, TRQRT, HCA, UPS, WYNN, VOD, CSE, HTH, GDXJ, JPM, CWH, BNCL, TRQ, ABT, HBOS, FCX, COF, WYN, CF, FOXA, HMA, ODP, VRSN, VC, GD, LIFE, BPO, CCE, FDX New Positions: MON, TEVA, EBAY, XOM, VXX, VOD, OCN, RL, RSX, ENB, AN, SU, MWV, GG, CYHHZ Top Increases: C, SPY, FOSL Top Decreases: MU, ABX, ARMK Fund Background: Jonathon Jacobson founded Highfields in 1998. He previously spent eight years as a senior equity portfolio manager at Harvard Management Co. He has also held positions at Lehman Brothers and Merrill Lynch Capital Markets. Jacobson received an MBA from Harvard Business School.
85 twitter @chensj Viking Global Investors Total Value: $23,839,370,000 Positions: 60 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Walgreen Co WAG 1,591,709 Com 6.68 +138.8 2 Time Warner Inc TWX 1,414,365 Com New 5.93 +51.1 3 Illumina Inc ILMN 1,318,056 Com 5.53 +602.3 4 Valeant Pharmaceuticals Intl VRX 1,225,511 Com 5.14 +25.3 5 Twenty First Centy Fox Inc FOXA 1,212,745 Cl A 5.09 +14.6 6 Thermo Fisher Scientific Inc TMO 1,162,557 Com 4.88 +.6 7 Lyondellbasell Industries N LYB 1,143,680 Shs - A - 4.80 +78.7 8 Lowes Cos Inc LOW 885,705 Com 3.72 +.5 9 Capital One Finl Corp COF 841,076 Com 3.53 -13.1 10 Baidu Inc BIDU 645,466 Spon Adr Rep A 2.71 +140.0 11 Valero Energy Corp New VLO 644,202 Com 2.70 -19.8 12 Michael Kors Hldgs Ltd KORS 622,012 Shs 2.61 -8.2 13 Canadian Pac Ry Ltd CP 605,187 Com 2.54 -1.3 14 Constellation Brands Inc STZ 595,991 Cl A 2.50 +54.3 15 Visa Inc V 592,676 Com Cl A 2.49 +3.9 16 Mastercard Inc MA 577,642 Cl A 2.42 +7.7 17 Facebook Inc FB 531,408 Cl A 2.23 -46.9 18 Mondelez Intl Inc MDLZ 529,053 Cl A 2.22 +190.1 19 Block H & R Inc HRB 514,858 Com 2.16 +.9 20 Micron Technology Inc MU 488,996 Com 2.05 -20.2 21 Cameron International Corp CAM 482,499 Com 2.02 +118.4 22 Monsanto Co New MON 352,406 Com 1.48 -12.7 23 Mohawk Inds Inc MHK 341,703 Com 1.43 +252.5 24 American Intl Group Inc AIG 316,231 Com New 1.33 +620.3 25 Regeneron Pharmaceuticals REGN 315,835 Com 1.32 New 26 Concho Res Inc CXO 312,071 Com 1.31 +62.1 27 Pioneer Nat Res Co PXD 306,448 Com 1.29 New 28 Workday Inc WDAY 285,586 Cl A 1.20 New 29 Autodesk Inc ADSK 281,882 Com 1.18 New 30 Alexion Pharmaceuticals Inc ALXN 279,411 Com 1.17 -26.9 31 Triumph Group Inc New TGI 239,669 Com 1.01 -11.6 32 Universal Hlth Svcs Inc UHS 226,497 Cl B 0.95 -7.4 33 Actavis Plc ACT 224,694 Shs 0.94 -54.4 34 Verizon Communications Inc VZ 210,290 Com 0.88 +220.8 35 Crown Castle Intl Corp CCI 189,669 Com 0.80 +18.1 36 Kansas City Southern KSU 187,548 Com New 0.79 New 37 Adobe Sys Inc ADBE 162,597 Com 0.68 -12.7 38 Salix Pharmaceuticals Inc SLXP 160,778 Com 0.67 New 39 Bank Of America Corporation BAC 151,148 Com 0.63 -71.8 40 Intercept Pharmaceuticals In ICPT 150,027 Com 0.63 New 41 Us Bancorp Del USB 148,681 Com New 0.62 New 42 Davita Healthcare Partners I DVA 131,993 Com 0.55 +32.6 43 St Jude Med Inc STJ 124,355 Com 0.52 +35.0 44 Zynga Inc ZNGA 122,346 Cl A 0.51 New 45 Priceline Com Inc PCLN 120,762 Com New 0.51 New 46 Biogen Idec Inc BIIB 118,953 Com 0.50 New 47 Yahoo Inc YHOO 108,206 Com 0.45 New 48 Acadia Pharmaceuticals Inc ACAD 87,549 Com 0.37 +33.2 49 Mylan Inc MYL 86,727 Com 0.36 New 50 Ing U S Inc VOYA 66,508 Com 0.28 New 51 Shire Plc SHPG 59,388 Sponsored Adr 0.25 -65.6 52 Northstar Rlty Fin Corp NRF 58,339 Com 0.24 New 53 Nxp Semiconductors N V NXPI 52,529 Com 0.22 New 54 Metlife Inc MET 45,751 Com 0.19 -79.9 55 Cme Group Inc CME 41,325 Com 0.17 New 56 State Str Corp STT 40,088 Com 0.17 New 86 twitter @chensj Viking Global Investors Total Value: $23,839,370,000 Positions: 60 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Helmerich & Payne Inc HP 32,171 Com 0.13 New 58 Qihoo 360 Technology Co Ltd QIHU 32,055 Ads 0.13 New 59 Blackberry Ltd BBRY 31,421 Com 0.13 -42.0 60 Citrix Sys Inc CTXS 10,339 Com 0.04 New
Sold Positions: MCK, HCA, CBST, WYNN, YOKU, AGN, TSO, NUS, HUM, AEGR, SWN, CTSH, DHR, EL, C, SINA, NOK, CX, DFS, DIS, MHFI, MPEL, STAY, EMN, ORLY, SIRI New Positions: REGN, PXD, WDAY, ADSK, KSU, SLXP, ICPT, USB, ZNGA, PCLN, BIIB, YHOO, MYL, VOYA, NRF, NXPI, CME, STT, HP, QIHU, CTXS Top Increases: AIG, ILMN, MHK Top Decreases: MET, BAC, SHPG Fund Background: Andreas Halvorsen co-founded Viking Global in 1999. Prior to this, he was a Senior Managing Director and Director of Equities at Tiger Management Corp. Mr. Halvorsen was an Investment Banker in the corporate finance and merger departments at Morgan Stanley. Prior to moving to the United States, he graduated from the Norwegian Naval Academy and served as a Platoon Commander on the Norwegian Seal team. Mr. Halvorsen received his M.B.A. from the Stanford Graduate School of Business in 1990 and graduated from Williams College in 1986.
87 twitter @chensj Pennant Capital Management Total Value: $5,878,159,000 Positions: 45 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Transdigm Group Inc TDG 421,165 Com 7.16 +15.0 2 Priceline Com Inc PCLN 347,840 Com New 5.92 +1.8 3 Nvr Inc NVR 281,935 Com 4.80 +11.8 4 Wabco Hldgs Inc WBC 272,764 Com 4.64 +.5 5 Constellation Brands Inc STZ 271,018 Cl A 4.61 +20.7 6 Davita Healthcare Partners I DVA 250,469 Com 4.26 +8.6 7 Carter Inc CRI 247,269 Com 4.21 +18.8 8 Huntington Ingalls Inds Inc HII 236,436 Com 4.02 -10.6 9 Marathon Pete Corp MPC 219,619 Com 3.74 +40.0 10 Terex Corp New TEX 211,137 Com 3.59 -7.7 11 Workday Inc WDAY 204,518 Cl A 3.48 +28.7 12 Team Health Holdings Inc TMH 200,594 Com 3.41 +11.3 13 Cheniere Energy Inc LNG 196,541 Com New 3.34 +1.3 14 Ocwen Finl Corp OCN 169,519 Com New 2.88 -2.8 15 Bright Horizons Fam Sol In D BFAM 167,422 Com 2.85 +50.4 16 Sensata Technologies Hldg Bv ST 162,797 Shs 2.77 +1.6 17 Cognizant Technology Solutio CTSH 161,151 Cl A 2.74 -17.8 18 Signet Jewelers Limited SIG 157,603 Shs 2.68 New 19 Owens Corning New OC 146,653 Com 2.49 +13.7 20 American Intl Group Inc AIG 135,683 Com New 2.31 -15.2 21 Ascena Retail Group Inc ASNA 134,468 Com 2.29 -18.3 22 Wesco Intl Inc WCC 133,993 Com 2.28 -30.0 23 Mrc Global Inc MRC 132,945 Com 2.26 -30.4 24 Sally Beauty Hldgs Inc SBH 128,786 Com 2.19 -9.4 25 Range Res Corp RRC 123,876 Com 2.11 -8.9 26 Tripadvisor Inc TRIP 111,739 Com 1.90 -46.1 27 Dollar Gen Corp New DG 89,885 Com 1.53 -45.1 28 Epam Sys Inc EPAM 73,766 Com 1.25 -11.3 29 Mattress Firm Hldg Corp MFRM 69,581 Com 1.18 +27.8 30 Taylor Morrison Home Corp TMHC 58,995 Cl A 1.00 +25.2 31 Gaming & Leisure Pptys Inc GLPI 50,192 Com 0.85 -14.2 32 Middleby Corp MIDD 48,693 Com 0.83 -4.5 33 Universal Stainless & Alloy USAP 38,600 Com 0.66 -6.3 34 Canadian Nat Res Ltd CNQ 35,684 Com 0.61 +21.5 35 Forum Energy Technologies In FET 34,105 Com 0.58 +1.8 36 Fluor Corp New FLR 32,258 Com 0.55 +13.3 37 Broadcom Corp BRCM 24,861 Cl A 0.42 +35.3 38 Devon Energy Corp New DVN 23,426 Com 0.40 -15.7 39 Amgen Inc AMGN 18,501 Com 0.31 +131.7 40 Cheniere Energy Ptnrs Lp Hld CQH 16,801 Com Rep Llc In 0.29 New 41 Citrix Sys Inc CTXS 12,350 Com 0.21 +191.4 42 Petroleo Brasileiro Sa Petro PBRA 8,322 Sp Adr Non Vtg 0.14 -25.9 43 Mcdermott Intl Inc MDR 8,055 Com 0.14 +71.7 44 Vivus Inc VVUS 3,505 Com 0.06 -32.4 45 Teva Pharmaceutical Inds Ltd TEVA 2,642 Adr 0.04 -49.3
Sold Positions: CAR, ARX, FWLT, DGX, BIOS New Positions: SIG, CQH Top Increases: CTXS, AMGN, MDR Top Decreases: TEVA, TRIP, DG
88 twitter @chensj Fund Background: Alan Fournier founded Pennant Capital in 2001. Prior to this, Mr. Fournier was a Partner at Appaloosa Management where he was responsible for global equity investments. He was also a Portfolio Manager at Hagler, Mastrovita and Hewitt and Pzena Investment Management. He started his investment career at Sanford C. Bernstein in 1988 and became a partner in 1990. Fournier holds an Honors degree in Engineering from Wentworth Institute of Technology.
89 twitter @chensj Coatue Management Total Value: $5,655,106,000 Positions: 39 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Netflix Inc NFLX 543,611 Com 9.61 +38.4 2 Baidu Inc BIDU 434,543 Spon Adr Rep A 7.68 -13.0 3 Cbs Corp New CBS 417,673 Cl B 7.39 -51.3 4 Facebook Inc FB 380,524 Cl A 6.73 -17.4 5 Time Warner Inc TWX 306,848 Com New 5.43 -56.6 6 Micron Technology Inc MU 281,870 Com 4.98 New 7 Linkedin Corp LNKD 274,021 Com Cl A 4.85 +19.0 8 American Tower Corp New AMT 222,640 Com 3.94 -40.3 9 Hain Celestial Group Inc HAIN 200,162 Com 3.54 +.5 10 Avago Technologies Ltd AVGO 196,998 Shs 3.48 New 11 Keurig Green Mtn Inc GMCR 192,621 Com 3.41 New 12 Ctrip Com Intl Ltd CTRP 182,284 American Dep Shs 3.22 New 13 Priceline Com Inc PCLN 179,649 Com New 3.18 -51.6 14 Charter Communications Inc D CHTR 170,067 Cl A New 3.01 -51.6 15 Liberty Global Plc LBTYK 168,252 Shs Cl C 2.98 New 16 Twenty First Centy Fox Inc FOXA 160,983 Cl A 2.85 -53.7 17 Whole Foods Mkt Inc WFM 151,237 Com 2.67 -43.3 18 Youku Tudou Inc YOKU 149,864 Sponsored Adr 2.65 +126.1 19 Pandora Media Inc P 132,152 Com 2.34 -13.0 20 Google Inc GOOG 122,909 Cl A 2.17 -73.0 21 Apple Inc AAPL 121,942 Com 2.16 -85.6 22 Yy Inc YY 114,340 Ads Repcom Cla 2.02 New 23 Liberty Global Plc LBTYA 106,458 Shs Cl A 1.88 -75.4 24 Amazon Com Inc AMZN 97,006 Com 1.72 -83.2 25 Adobe Sys Inc ADBE 87,537 Com 1.55 New 26 Yelp Inc YELP 76,164 Cl A 1.35 +964.9 27 Tripadvisor Inc TRIP 70,438 Com 1.25 -79.1 28 Sirius Xm Hldgs Inc SIRI 35,978 Com 0.64 -74.6 29 Joy Global Inc JOY 23,200 Com 0.41 +475.7 30 Nutri Sys Inc New NTRI 9,568 Com 0.17 +98.6 31 Nuance Communications Inc NUAN 7,984 Com 0.14 -71.5 32 Supervalu Inc SVU 7,191 Com 0.13 -86.8 33 Kate Spade & Co KATE 6,707 Com 0.12 New 34 Atmel Corp ATML 5,551 Com 0.10 -76.2 35 Fusion-io Inc FIO 5,365 Com 0.09 -20.2 36 Molycorp Inc Del MCP 5,229 Com 0.09 +98.5 37 Workday Inc WDAY 4,380 Cl A 0.08 -49.5 38 Nii Hldgs Inc NIHD 855 Cl B New 0.02 -86.1 39 Quinstreet Inc QNST 302 Com 0.01 -93.4
Sold Positions: GPS, CCI, TWC, BBRY, VRSN, LOGI, PLCM, GMCR, TSLA, RRD, BBY, LB, LVLT, MLNX, YNDX, NWSA, RAX New Positions: MU, AVGO, GMCR, CTRP, LBTYK, YY, ADBE, KATE Top Increases: YELP, JOY, YOKU Top Decreases: QNST, SVU, NIHD Fund Background: Philippe Laffont left Tiger Management in 1999 to form Coatue Management. The fund focuses particularly on technology stocks.
90 twitter @chensj T2 Partners Management Total Value: $63,809,000 Positions: 22 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Howard Hughes Corp HHC 8,308 Com 13.02 +14.1 2 Berkshire Hathaway Inc. Class B BRKB 4,778 Cl B New 7.49 -17.4 3 Boeing Company BA 4,609 Com 7.22 -10.0 4 Platform Specialty Prods Corp. PAH 4,332 Com 6.79 New 5 Avis Budget Corp CAR 3,784 Com 5.93 +15.7 6 Air Products & Chemicals Inc. APD 3,719 Com 5.83 +2.4 7 American Intl Group, Inc. Cmn AIG 3,685 Com New 5.78 -34.5 8 Hertz Global Holdings Inc. HTZ 3,451 Com 5.41 -10.5 9 Magicjack Vocaltec Ltd. CALL 3,449 Shs 5.41 +75.5 10 Sodastream International Ltd. SODA 3,219 Usd Shs 5.04 New 11 Delta Air Lines Inc. DAL 2,938 Com 4.60 +42.6 12 Micron Technology Inc. MU 2,676 Com 4.19 +23.0 13 Goldman Sachs Group Inc GS 2,640 Com 4.14 -11.2 14 Citigroup Inc C 2,543 Com New 3.99 -12.3 15 Promotora De Informaciones S PRISB 2,490 Adr Cl B Conv 3.90 -22.6 16 Spark Networks Inc. LOV 2,308 Com 3.62 -3.4 17 Netflix Inc. NFLX 1,776 Com 2.78 -26.2 18 Interoil Corp. IOC 1,146 Com 1.80 New 19 American Airlines Group Inc. AAL 988 Com New 1.55 +44.9 20 United Contl Hldgs Inc. UAL 714 Com 1.12 New 21 Plug Power Inc. PLUG 131 Com New 0.21 New 22 Ballard Power Systems Inc. BLDP 125 Com 0.20 New
Sold Positions: DECK, PRIS, IRDM New Positions: PAH, SODA, IOC, UAL, PLUG, BLDP Top Increases: CALL, AAL, DAL Top Decreases: AIG, NFLX, PRISB Fund Background: Whitney Tilson is the founder and Managing Partner of Kase Capital Management, which manages three value-oriented hedge funds. Tilson is the co-founder of the Value Investor Insight investment newsletter and the Value Investing Congress investnent conference.
91 twitter @chensj York Capital Management Global Advisors Total Value: $8,298,398,000 Positions: 97 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Ishares IWM 835,519 Russell 2000 Etf 10.07 New 2 Mgic Invt Corp Wis 422,289 Note 2.000% 4/0 5.09 +2.7 3 T-mobile Us Inc TMUS 380,271 Com 4.58 +54.2 4 General Mtrs Co GM 344,266 Com 4.15 -11.7 5 Hertz Global Holdings Inc HTZ 316,152 Com 3.81 -8.4 6 Grace W R & Co Del New GRA 296,734 Com 3.58 -16.2 7 Air Prods & Chems Inc APD 294,738 Com 3.55 +19.8 8 Nxp Semiconductors N V NXPI 234,382 Com 2.82 +20.9 9 Dish Network Corp DISH 226,075 Cl A 2.72 +30.5 10 Petrologistics Lp PDH 216,738 Unit Ltd Pth Int 2.61 +12.4 11 Actavis Plc ACT 197,831 Shs 2.38 +139.9 12 Pfizer Inc PFE 178,805 Com 2.15 New 13 Cheniere Energy Inc LNG 178,055 Com New 2.15 +39.6 14 Cbre Group Inc CBG 166,699 Cl A 2.01 -13.0 15 American Airls Group Inc AAL 165,301 Com 1.99 -23.3 16 Mylan Inc MYL 150,023 Com 1.81 +69.0 17 Mens Wearhouse Inc MW 148,185 Com 1.79 +229.4 18 Tim Participacoes S A TSU 136,795 Sponsored Adr 1.65 New 19 Hd Supply Hldgs Inc HDS 134,863 Com 1.63 -5.1 20 Northstar Rlty Fin Corp NRF 134,688 Com 1.62 +14.0 21 Iac Interactivecorp IACI 126,242 Com Par $.001 1.52 New 22 Time Warner Inc TWX 123,399 Com New 1.49 +42.5 23 Hubbell Inc HUBB 121,477 Cl B 1.46 New 24 Anheuser Busch Inbev Sa/nv BUD 120,070 Sponsored Adr 1.45 New 25 Sothebys BID 112,706 Com 1.36 -30.4 26 Yrc Worldwide Inc 111,352 Note 10.000% 3/3 1.34 +4.4 27 Manitowoc Inc MTW 103,212 Com 1.24 +23.8 28 Scorpio Tankers Inc STNG 101,547 Shs 1.22 -17.3 29 Teva Pharmaceutical Inds Ltd TEVA 98,899 Adr 1.19 New 30 Adobe Sys Inc ADBE 97,415 Com 1.17 -18.4 31 Towers Watson & Co TW 94,734 Cl A 1.14 New 32 Elbit Imaging Ltd EMITF 89,781 Ord Shs 1.08 New 33 Armstrong World Inds Inc New AWI 81,879 Com 0.99 +77.1 34 Tyco International Ltd TYC 77,236 Shs 0.93 -3.5 35 Martin Marietta Matls Inc MLM 77,010 Com 0.93 New 36 Liberty Interactive Corp LVNTA 73,003 Lbt Vent Com A 0.88 +55.6 37 Digitalglobe Inc DGI 72,199 Com New 0.87 -17.5 38 Constellium Nv CSTM 67,222 Cl A 0.81 New 39 Cheniere Energy Ptnrs Lp Hld CQH 64,014 Com Rep Llc In 0.77 -.9 40 Brookdale Sr Living Inc BKD 61,720 Com 0.74 -55.5 41 Visteon Corp VC 61,646 Com New 0.74 +5.3 42 Reynolds American Inc RAI 60,097 Com 0.72 New 43 Norwegian Cruise Line Hldgs NCLH 59,364 Shs 0.72 +26.8 44 Shutterfly Inc SFLY 53,347 Com 0.64 New 45 Liberty Global Plc LBTYK 53,204 Shs Cl C 0.64 +82.7 46 Sirius Xm Hldgs Inc SIRI 53,141 Com 0.64 +44.6 47 Valeant Pharmaceuticals Intl VRX 52,112 Com 0.63 New 48 Compuware Corp CPWR 51,076 Com 0.62 +4.0 49 Comcast Corp New CMCSA 49,283 Cl A 0.59 +848.3 50 Sunedison Inc SUNE 47,100 Com 0.57 +44.4 51 Himax Technologies Inc HIMX 39,220 Sponsored Adr 0.47 New 52 Royal Caribbean Cruises Ltd RCL 38,122 Com 0.46 +13.1 53 Ambac Finl Group Inc AMBC 37,236 Com New 0.45 +506.4 54 Altisource Residential Corp RESI 33,457 Cl B 0.40 New 55 Costamare Inc CMRE 32,250 Shs 0.39 +17.7 56 Walgreen Co WAG 31,926 Com 0.38 +248.5 92 twitter @chensj York Capital Management Global Advisors Total Value: $8,298,398,000 Positions: 97 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Berry Plastics Group Inc BERY 31,475 Com 0.38 New 58 Realogy Hldgs Corp RLGY 31,416 Com 0.38 -5.9 59 Tw Telecom Inc TWTC 31,150 Com 0.38 +484.2 60 Gilat Satellite Networks Ltd GILT 29,717 Shs New 0.36 -21.7 61 Burger King Worldwide Inc BKW 26,647 Com 0.32 New 62 Liberty Global Plc LBTYA 24,336 Shs Cl A 0.29 -48.9 63 Sony Corp SNE 23,900 Adr New 0.29 -10.6 64 Commercial Veh Group Inc CVGI 23,204 Com 0.28 +22.5 65 Tsakos Energy Navigation Ltd TNP 22,627 Shs 0.27 New 66 Radian Group Inc RDN 22,342 Com 0.27 +104.1 67 Chemtura Corp CHMT 20,067 Com New 0.24 -88.6 68 Altisource Asset Mgmt Corp AAMC 18,806 Com 0.23 New 69 Stealthgas Inc GASS 17,055 Shs 0.21 +11.6 70 Triquint Semiconductor Inc TQNT 13,772 Com 0.17 New 71 Turquoise Hill Res Ltd TRQ 13,232 Com 0.16 +115.4 72 Avis Budget Group CAR 13,149 Com 0.16 New 73 Yongye Intl Inc YONG 12,816 Com 0.15 New 74 Radware Ltd RDWR 12,706 Ord 0.15 -14.2 75 Crown Castle Intl Corp CCI 11,941 Com 0.14 -83.5 76 Macquarie Infrastr Co Llc MIC 11,454 Membership Int 0.14 +5.2 77 American Tower Corp New AMT 10,564 Com 0.13 -60.4 78 Spansion Inc CODE 9,201 Com Cl A New 0.11 New 79 American Airls Group Inc AALCP 7,862 Pfd A Mand Cv 0.09 New 80 Avago Technologies Ltd AVGO 7,791 Shs 0.09 -12.0 81 Teekay Corporation TK 7,188 Com 0.09 +14.3 82 Sba Communications Corp SBAC 7,173 Com 0.09 -75.0 83 Atmel Corp ATML 7,106 Com 0.09 +29.6 84 Kinder Morgan Inc Del KMIWS 6,095 *w Exp 05/25/201 0.07 New 85 Kkr Finl Hldgs Llc KFN 5,866 Com 0.07 -92.8 86 Shanda Games Ltd GAME 4,836 Sp Adr Reptg A 0.06 New 87 Caesars Entmt Corp CZR 4,393 Com 0.05 -65.1 88 Giant Interactive Group Inc GA 4,066 Adr 0.05 New 89 Sprint Corp S 3,702 Com Ser 1 0.04 -97.6 90 Accuride Corp New ACW 3,322 Com New 0.04 +18.7 91 Saexploration Hldgs Inc SAEX 2,413 Com 0.03 +213.4 92 Monolithic Pwr Sys Inc MPWR 2,326 Com 0.03 New 93 Noranda Alum Hldg Corp NOR 2,055 Com 0.02 New 94 General Mtrs Co GMWSA 1,615 *w Exp 07/10/201 0.02 -70.1 95 Verso Paper Corp VRS 1,194 Com 0.01 New 96 General Mtrs Co GMWSB 1,132 *w Exp 07/10/201 0.01 -71.8 97 Lyondellbasell Industries N LYB 579 Shs - A - 0.01 +10.7
Sold Positions: TRQRT, TWC, HES, Comcast Corp New - CL A, CIT, UAL, VOD, FWLT, CWH, IDTI, ETN, HSH, JOSB, XLE, MDLZ, CCK, DAL, BEAM, MHK, THI New Positions: IWM, PFE, TSU, IACI, HUBB, BUD, TEVA, TW, EMITF, MLM, CSTM, RAI, SFLY, VRX, HIMX, RESI, BERY, BKW, TNP, AAMC, TQNT, CAR, YONG, CODE, AALCP, KMIWS, GAME, GA, MPWR, NOR, VRS Top Increases: CMCSA, AMBC, TWTC Top Decreases: S, KFN, CHMT Fund Background:
93 twitter @chensj James Dinan founded York Capital Management in 1991. Dinan was a General Partner of Kellner Capital from 1985 to 1991 and was responsible for investing in risk arbitrage and special situation investments. He received an M.B.A. from Harvard Business School and a B.S. in Economics from the Wharton School, University of Pennsylvania.
94 twitter @chensj Brookside Capital Management Total Value: $3,755,539,000 Positions: 50 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Monsanto Co New MON 284,840 Com 7.58 +7.0 2 Broadcom Corp BRCM 263,574 Cl A 7.02 +4.5 3 Dollar Gen Corp New DG 193,959 Com 5.16 +73.0 4 Vmware Inc VMW 182,728 Cl A Com 4.87 +13.2 5 Air Prods & Chems Inc APD 180,310 Com 4.80 New 6 Advance Auto Parts Inc AAP 142,528 Com 3.80 +38.7 7 Ulta Salon Cosmetcs & Frag I ULTA 131,414 Com 3.50 -13.4 8 Delphi Automotive Plc DLPH 124,177 Com 3.31 +44.8 9 New Oriental Ed & Tech Grp I EDU 116,989 Spon Adr 3.12 -38.3 10 Youku Tudou Inc YOKU 113,583 Sponsored Adr 3.02 -7.5 11 Precision Castparts Corp PCP 104,281 Com 2.78 -53.0 12 Mead Johnson Nutrition Co MJN 104,257 Com 2.78 -.7 13 Sensata Technologies Hldg Bv ST 103,478 Shs 2.76 +10.0 14 Raytheon Co RTN 101,197 Com New 2.69 New 15 Medivation Inc MDVN 91,250 Com 2.43 +.1 16 Ctrip Com Intl Ltd CTRP 88,870 American Dep Shs 2.37 New 17 Hertz Global Holdings Inc HTZ 86,208 Com 2.30 +70.0 18 Grupo Televisa Sa TV 80,322 Spon Adr Rep Ord 2.14 +235.2 19 Slm Corp SLM 78,507 Com 2.09 New 20 Amazon Com Inc AMZN 76,355 Com 2.03 New 21 Tripadvisor Inc TRIP 74,920 Com 1.99 -21.9 22 Ptc Therapeutics Inc PTCT 74,813 Com 1.99 +82.4 23 Seaworld Entmt Inc SEAS 71,095 Com 1.89 +46.6 24 Hca Holdings Inc HCA 67,201 Com 1.79 +10.0 25 Xylem Inc XYL 63,435 Com 1.69 -18.4 26 Quintiles Transnatio Hldgs I Q 61,120 Com 1.63 -10.5 27 Idenix Pharmaceuticals Inc IDIX 54,296 Com 1.45 -30.8 28 Pandora Media Inc P 53,217 Com 1.42 -37.7 29 Aetna Inc Com AET 51,115 Com 1.36 New 30 Mcgraw Hill Finl Inc MHFI 50,701 Com 1.35 -46.5 31 Palo Alto Networks Inc PANW 47,142 Com 1.26 -46.1 32 Amc Networks Inc AMCX 46,344 Cl A 1.23 -37.0 33 Home Inns & Hotels Mgmt Inc HMIN 44,586 Spon Adr 1.19 -16.4 34 Dicerna Pharmaceuticals Inc DRNA 42,754 Com 1.14 New 35 Express Scripts Hldg Co ESRX 41,262 Com 1.10 New 36 Nokia Corp NOK 41,003 Sponsored Adr 1.09 New 37 Ruckus Wireless Inc RKUS 27,110 Com 0.72 -14.4 38 Ringcentral Inc RNG 26,877 Cl A 0.72 New 39 Wix Com Ltd WIX 25,909 Shs 0.69 -18.6 40 Sally Beauty Hldgs Inc SBH 24,800 Com 0.66 New 41 Francescas Hldgs Corp FRAN 22,934 Com 0.61 New 42 Yandex N V YNDX 16,771 Shs Class A 0.45 New 43 Concert Pharmaceuticals Inc CNCE 15,438 Com 0.41 New 44 Dynavax Technologies Corp DVAX 12,924 Com 0.34 -17.6 45 Arrowhead Resh Corp ARWR 11,781 Com New 0.31 New 46 Telefonica Brasil Sa VIV 11,074 Sponsored Adr 0.29 -20.1 47 Agios Pharmaceuticals Inc AGIO 8,139 Com 0.22 -34.9 48 Cytokinetics Inc CYTK 6,529 Com New 0.17 New 49 Trevena Inc TRVN 6,288 Com 0.17 New 50 A10 Networks Inc ATEN 5,135 Com 0.14 New
Sold Positions: STZ, INFI, NMBL, NRF, CYNI, Autodesk Inc, SFUN, PTLA, PBYI, S, KORS, KMIWS, GILD New Positions: APD, RTN, CTRP, SLM, AMZN, AET, DRNA, ESRX, NOK, RNG, SBH, FRAN, YNDX, CNCE, ARWR, CYTK, TRVN, ATEN
95 twitter @chensj Top Increases: TV, PTCT, DG Top Decreases: PCP, MHFI, PANW Fund Background: Founded in 1996, Brookside Capital is a leading global long/short hedge fund and is part of Bain Capital.
96 twitter @chensj Eminence Capital Total Value: $6,175,671,000 Positions: 63 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 National Oilwell Varco Inc NOV 567,646 Com 9.19 +115.8 2 Autodesk Inc ADSK 254,786 Com 4.13 -10.6 3 Mens Wearhouse Inc MW 229,393 Com 3.71 -4.1 4 Fossil Group Inc FOSL 215,801 Com 3.49 +18.5 5 Qualcomm Inc QCOM 211,312 Com 3.42 -13.5 6 Ebay Inc EBAY 210,874 Com 3.41 +.6 7 Genpact Limited G 175,453 Shs 2.84 -6.5 8 Kar Auction Svcs Inc KAR 162,033 Com 2.62 +37.5 9 Vca Antech Inc WOOF 157,206 Com 2.55 +2.5 10 Allscripts Healthcare Solutn MDRX 150,719 Com 2.44 +14.9 11 Cadence Design System Inc CDNS 132,957 Com 2.15 New 12 American Intl Group Inc AIG 126,216 Com New 2.04 +.6 13 Asbury Automotive Group Inc ABG 118,729 Com 1.92 +21.2 14 Group 1 Automotive Inc GPI 118,375 Com 1.92 +11.2 15 Humana Inc HUM 116,515 Com 1.89 +5.0 16 Fiserv Inc FISV 113,197 Com 1.83 -13.9 17 Sirona Dental Systems Inc SIRO 107,272 Com 1.74 +11.3 18 Mcgraw Hill Finl Inc MHFI 103,414 Com 1.67 +1070.2 19 Microstrategy Inc MSTR 101,255 Cl A New 1.64 -7.6 20 Fedex Corp FDX 100,854 Com 1.63 -33.6 21 Valmont Inds Inc VMI 100,779 Com 1.63 +20.4 22 Lennar Corp LEN 98,388 Cl A 1.59 +.4 23 Mcdonalds Corp MCD 97,540 Com 1.58 New 24 Dollar Gen Corp New DG 92,370 Com 1.50 +33.4 25 Restoration Hardware Hldgs I RH 92,196 Com 1.49 New 26 Interxion Holding N.v INXN 85,981 Shs 1.39 +13.4 27 Franklin Res Inc BEN 83,357 Com 1.35 +.4 28 Charter Communications Inc D CHTR 78,954 Cl A New 1.28 +10.9 29 Pvh Corp PVH 78,815 Com 1.28 +454.2 30 Sonic Automotive Inc SAH 76,338 Cl A 1.24 +9.6 31 Ralph Lauren Corp RL 74,876 Cl A 1.21 New 32 Autonation Inc AN 73,992 Com 1.20 +12.3 33 United Technologies Corp UTX 72,612 Com 1.18 -15.5 34 Fortinet Inc FTNT 72,465 Com 1.17 +10.8 35 Copart Inc CPRT 71,470 Com 1.16 -1.0 36 Cognizant Technology Solutio CTSH 71,199 Cl A 1.15 -29.2 37 Allergan Inc AGN 71,175 Com 1.15 -10.5 38 Fidelity Natl Information Sv FIS 71,123 Com 1.15 -.7 39 Equinix Inc EQIX 70,856 Com New 1.15 -47.5 40 Tibco Software Inc TIBX 70,010 Com 1.13 New 41 Fidelity National Financial FNF 69,346 Cl A 1.12 -11.6 42 B/e Aerospace Inc BEAV 69,344 Com 1.12 -.5 43 Equifax Inc EFX 68,539 Com 1.11 -1.8 44 Illinois Tool Wks Inc ITW 68,064 Com 1.10 -3.5 45 Google Inc GOOG 67,928 Cl A 1.10 -10.4 46 Zebra Technologies Corp ZBRA 67,884 Cl A 1.10 -30.9 47 Carefusion Corp CFN 67,718 Com 1.10 +.8 48 Carnival Corp CCL 64,071 Paired Ctf 1.04 -14.2 49 Gap Inc Del GPS 61,584 Com 1.00 New 50 Cme Group Inc CME 61,472 Com 1.00 -5.9 51 Zynga Inc ZNGA 60,390 Cl A 0.98 +28.8 52 Hillshire Brands Co HSH 50,349 Com 0.82 +11.1 53 Sprint Corp S 47,235 Com Ser 1 0.76 +21.1 54 Agilent Technologies Inc A 47,085 Com 0.76 New 55 Urban Outfitters Inc URBN 46,550 Com 0.75 New 56 Solarwinds Inc SWI 43,571 Com 0.71 +12.4 97 twitter @chensj Eminence Capital Total Value: $6,175,671,000 Positions: 63 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Laboratory Corp Amer Hldgs LH 42,122 Com New 0.68 -25.7 58 Dril-quip Inc DRQ 27,532 Com 0.45 New 59 T-mobile Us Inc TMUS 19,785 Com 0.32 +172.3 60 Signet Jewelers Limited SIG 16,091 Shs 0.26 New 61 Zeltiq Aesthetics Inc ZLTQ 14,570 Com 0.24 New 62 Gaming & Leisure Pptys Inc GLPI 8,386 Com 0.14 New 63 Armstrong World Inds Inc New AWI 7,552 Com 0.12 New
Sold Positions: ARO, VOD, OC, ARMK, SCHW, JOSB, AAP, FDO, MNST New Positions: CDNS, MCD, RH, RL, TIBX, GPS, A, URBN, DRQ, SIG, ZLTQ, GLPI, AWI Top Increases: MHFI, PVH, TMUS Top Decreases: EQIX, FDX, ZBRA Fund Background: Ricky Sandler founded Eminence Capital in December of 1998 in New York City. Since inception it has achieved close to a 13% net annual compounded return. Sandler's father worked for Goldman Sachs and operates his own hedge fund. Sandler graduated from the University of Virginia and worked as a research analyst for Mark Asset Management. He founded Fusion Partners in 1994, starting with $28 million and closed it in 1998 with $350 million.
98 twitter @chensj Kynikos Associates Total Value: $307,883,000 Positions: 25 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Sandisk Corp SNDK 20,071 Com 6.52 +14.3 2 Eog Res Inc EOG 18,481 Com 6.00 +11.2 3 Vanguard Intl Equity Index F VGK 17,032 Ftse Europe Etf 5.53 -11.8 4 Noble Energy Inc NBL 16,115 Com 5.23 +16.7 5 Apple Inc AAPL 14,280 Com 4.64 -6.2 6 Spdr S&p Midcap 400 Etf Tr MDY 14,177 Utser1 S&pdcrp 4.60 -16.1 7 Morgan Stanley MS 13,765 Com New 4.47 -4.6 8 Citigroup Inc C 13,758 Com New 4.47 -27.9 9 Starbucks Corp SBUX 13,241 Com 4.30 -8.6 10 Spdr S&p 500 Etf Tr SPY 13,033 Tr Unit 4.23 -6.7 11 Mastercard Inc MA 12,433 Cl A 4.04 +1.4 12 Ishares IWM 12,339 Russell 2000 Etf 4.01 -21.6 13 Cognizant Technology Solutio CTSH 12,148 Cl A 3.95 -2.6 14 Electronic Arts Inc EA 11,025 Com 3.58 -10.8 15 Visa Inc V 10,937 Com Cl A 3.55 -18.7 16 Tata Mtrs Ltd TTM 10,524 Sponsored Adr 3.42 +16.5 17 Arch Coal Inc ACI 10,083 Com 3.27 -9.3 18 Workday Inc WDAY 10,077 Cl A 3.27 -8.5 19 Ishares EEM 10,070 Msci Emg Mkt Etf 3.27 -29.2 20 Ebay Inc EBAY 10,049 Com 3.26 New 21 Huntington Ingalls Inds Inc HII 9,943 Com 3.23 -20.3 22 Schwab Charles Corp New SCHW 9,927 Com 3.22 -22.0 23 Cloud Peak Energy Inc CLD 8,920 Com 2.90 New 24 Fireeye Inc FEYE 8,854 Com 2.88 +10.3 25 Ishares FXI 6,601 China Lg-cap Etf 2.14 -52.2
Sold Positions: None New Positions: EBAY, CLD Top Increases: NBL, TTM, SNDK Top Decreases: FXI, EEM, C Fund Background: Jim Chanos started Kynikos Associates in 1985. It is the largest exclusive short selling investment firm. Chanos began his career as an analyst with Paine Webber,Gilford Securites and Deutsche Bank.
99 twitter @chensj Senator Investment Group Total Value: $8,402,401,000 Positions: 56 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Intercontinentalexchange Gro ICE 346,202 Com 4.12 +119.9 2 Comcast Corp New CMCSA 300,240 Cl A 3.57 -11.1 3 Danaher Corp Del DHR 300,000 Com 3.57 +3.6 4 Air Prods & Chems Inc APD 297,600 Com 3.54 +6.5 5 Anheuser Busch Inbev Sa/nv BUD 289,575 Sponsored Adr 3.45 +20.9 6 Dollar Gen Corp New DG 277,400 Com 3.30 +84.0 7 Time Warner Cable Inc TWC 274,360 Com 3.27 New 8 Williams Cos Inc Del WMB 263,770 Com 3.14 +36.8 9 Citigroup Inc C 261,800 Com New 3.12 +234.9 10 Actavis Plc ACT 257,312 Shs 3.06 -44.2 11 Tyco International Ltd TYC 245,920 Shs 2.93 +41.0 12 Delphi Automotive Plc DLPH 217,394 Shs 2.59 -6.1 13 Lowes Cos Inc LOW 211,492 Com 2.52 +326.8 14 Huntsman Corp HUN 195,360 Com 2.33 +22.2 15 Eqt Corp EQT 193,940 Com 2.31 New 16 Hca Holdings Inc HCA 191,625 Com 2.28 New 17 Metlife Inc MET 184,800 Com 2.20 -31.2 18 Jarden Corp JAH 179,490 Com 2.14 -19.8 19 Brookdale Sr Living Inc BKD 179,278 Com 2.13 New 20 Centerpoint Energy Inc CNP 177,675 Com 2.11 New 21 Grace W R & Co Del New GRA 173,548 Com 2.07 +30.0 22 American Tower Corp New AMT 163,740 Com 1.95 +57.8 23 Liberty Media Corp Delaware LMCA 163,412 Cl A 1.94 +11.7 24 Macquarie Infrastr Co Llc MIC 157,492 Membership Int 1.87 -19.1 25 Realogy Hldgs Corp RLGY 156,420 Com 1.86 -21.0 26 Pvh Corp PVH 149,724 Com 1.78 +.1 27 United Contl Hldgs Inc UAL 149,510 Com 1.78 +9.8 28 Twenty First Centy Fox Inc FOXA 143,865 Cl A 1.71 New 29 Mckesson Corp MCK 141,256 Com 1.68 +59.1 30 Block H & R Inc HRB 140,384 Com 1.67 New 31 Delta Air Lines Inc Del DAL 138,600 Com New 1.65 -8.3 32 Cheniere Energy Inc LNG 130,072 Com New 1.55 -13.8 33 Mondelez Intl Inc MDLZ 127,835 Cl A 1.52 +11.4 34 Starwood Ppty Tr Inc STWD 117,950 Com 1.40 -29.0 35 Halliburton Co HAL 117,780 Com 1.40 +3.1 36 Nxp Semiconductors N V NXPI 117,620 Com 1.40 New 37 Perrigo Co Plc PRGO 108,262 Shs 1.29 New 38 Agilent Technologies Inc A 106,248 Com 1.26 -69.0 39 Boeing Co BA 100,392 Com 1.19 -11.8 40 Charter Communications Inc D CHTR 92,400 Cl A New 1.10 -27.1 41 Gulfport Energy Corp GPOR 88,975 Com New 1.06 -29.5 42 Ulta Salon Cosmetcs & Frag I ULTA 82,824 Com 0.99 New 43 Triumph Group Inc New TGI 82,340 Com 0.98 -43.0 44 Hubbell Inc HUBB 82,111 Cl B 0.98 New 45 Baidu Inc BIDU 79,942 Spon Adr Rep A 0.95 New 46 Trade Str Residential Inc TSRE 70,616 Com New 0.84 New 47 Cadence Design System Inc CDNS 66,045 Com 0.79 New 48 Taminco Corp TAM 63,030 Com 0.75 +4.0 49 Armstrong World Inds Inc New AWI 58,575 Com 0.70 New 50 Dresser-rand Group Inc DRC 58,410 Com 0.70 New 51 Ingersoll-rand Plc IR 51,516 Shs 0.61 -24.0 52 Bruker Corp BRKR 45,580 Com 0.54 +130.6 53 Phh Corp 10,104 Note 6.000% 6/1 0.12 -2.5 54 Diamond Resorts Intl Inc DRII 9,323 Com 0.11 -82.0 55 Essex Rent Corp ESSX 5,913 Com 0.07 -9.5 56 Healthcare Tr Amer Inc HTA 5,353 Cl A 0.06 New 100 twitter @chensj Sold Positions: SFXE, WAG, MSFT, CPRT, CVS, VOD, OC, PHH, ARCP, GOOG, GM, VLO, IP, SHPG, STZ, BIO, VAL, BAH, PAGP, PRGO, ATNY, HTZ, THI New Positions: TWC, EQT, HCA, BKD, CNP, FOXA, HRB, NXPI, PRGO, ULTA, HUBB, BIDU, TSRE, CDNS, AWI, DRC, HTA Top Increases: LOW, C, BRKR Top Decreases: DRII, A, ACT Fund Background: Senator is an event driven fund that seeks to profit from events such as restructurings, mergers, and share sales. The Senator Global Opportunity fund has returned 20 percent annually since inception. Senator has over $6 billion under management. In Feburary 2014, Blackstone bought a minority stake in Senator.
101 twitter @chensj Blum Capital Partners Total Value: $622,700,000 Positions: 6 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Cbre Group, Inc. CBG 412,661 Com 66.27 +4.3 2 Itt Educational Services Inc. ESI 59,709 Com 9.59 -22.6 3 Career Education Corp. CECO 49,236 Com 7.91 +30.9 4 Avid Technology Inc. AVID 43,473 Com 6.98 -25.2 5 Moneygram International Inc. MGI 34,302 Com 5.51 -15.1 6 Sei Investments Company SEIC 23,319 Com 3.74 -24.9
Sold Positions: None New Positions: None Top Increases: CECO, CBG Top Decreases: AVID, SEIC, ESI Fund Background: At 23, Richard Blum went to work at the San Francisco brokerage firm Sutro & Co., where he became a partner before age 30. While still at Sutro, Blum proved that he had an eye for fixer-upper properties when he led a partnership that acquired the struggling Ringling Bros. and Barnum & Bailey Circus for $8 million -- then sold it to Mattel Inc. four years later for $40 million. Blum struck out on his own in 1975, forming what is now called Blum Capital Partners. Blum is married to Senator Dianne Feinstein.
102 twitter @chensj Hoplite Capital Management Total Value: $3,624,992,000 Positions: 35 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Sunedison Inc SUNE 301,637 Com 8.32 New 2 Actavis Plc ACT 181,886 Shs 5.02 -25.7 3 Block H & R Inc HRB 171,330 Com 4.73 -12.9 4 Lowes Cos Inc LOW 149,580 Com 4.13 -16.7 5 Mohawk Inds Inc MHK 144,459 Com 3.99 +6.5 6 Citrix Sys Inc CTXS 141,725 Com 3.91 New 7 Walgreen Co WAG 141,400 Com 3.90 +141.9 8 Zynga Inc ZNGA 139,734 Cl A 3.85 +75.9 9 Kar Auction Svcs Inc KAR 138,489 Com 3.82 +2.7 10 Pitney Bowes Inc PBI 122,503 Com 3.38 +31.2 11 Baidu Inc BIDU 120,476 Spon Adr Rep A 3.32 +87.8 12 Endo Intl Plc ENDP 118,632 Shs 3.27 New 13 Dsw Inc DSW 117,371 Cl A 3.24 +83.4 14 Northstar Rlty Fin Corp NRF 116,633 Com 3.22 New 15 Valeant Pharmaceuticals Intl VRX 115,035 Com 3.17 -29.5 16 Keurig Green Mtn Inc GMCR 106,161 Com 2.93 New 17 Jazz Pharmaceuticals Plc JAZZ 104,434 Shs Usd 2.88 -23.9 18 Micron Technology Inc MU 101,712 Com 2.81 New 19 Cemex Sab De Cv CX 97,468 Spon Adr New 2.69 New 20 Autodesk Inc ADSK 94,427 Com 2.60 +20.0 21 Dollar Tree Inc DLTR 92,690 Com 2.56 +6.4 22 Lauder Estee Cos Inc EL 87,681 Cl A 2.42 -15.2 23 Solarwinds Inc SWI 87,633 Com 2.42 New 24 Seaworld Entmt Inc SEAS 84,891 Com 2.34 +5.1 25 Adobe Sys Inc ADBE 79,724 Com 2.20 -17.9 26 Eagle Materials Inc EXP 76,362 Com 2.11 -2.6 27 Pandora Media Inc P 64,377 Com 1.78 New 28 Penney J C Inc JCP 63,050 Com 1.74 New 29 Monster Beverage Corp MNST 59,033 Com 1.63 -62.9 30 Forest Labs Inc FRX 55,937 Com 1.54 New 31 Fortinet Inc FTNT 52,949 Com 1.46 -13.6 32 Interxion Holding N.v INXN 47,513 Shs 1.31 +1.6 33 Danaher Corp Del DHR 46,484 Com 1.28 -2.8 34 Armstrong World Inds Inc New AWI 1,203 Com 0.03 -98.3 35 Berkshire Hathaway Inc Del BRKA 375 Cl A 0.01 +5.3
Sold Positions: ARG, HLF, LPX, CCK, SCTY, VOD, EQIX, BUD, TMO, CRI, RLGY, ENDP, KORS, YNDX, DG New Positions: SUNE, CTXS, ENDP, NRF, GMCR, MU, CX, SWI, P, JCP, FRX Top Increases: WAG, BIDU, DSW Top Decreases: AWI, MNST, VRX Fund Background: Former Tiger Management analyst John Lykouretzos started Hoplite in 2003. He previously worked for Viking Global from 1999 to 2003, serving as an industrials analyst and financial services analyst and portfolio manager.
103 twitter @chensj Bocage Capital Total Value: $259,574,000 Positions: 18 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Ishares FXI 21,468 China Lg-cap Etf 8.27 New 2 Ishares EEM 20,495 Msci Emg Mkt Etf 7.90 New 3 Cf Inds Hldgs Inc CF 19,794 Com 7.63 -36.4 4 Marathon Pete Corp MPC 19,744 Com 7.61 -23.7 5 Tesoro Corp TSO 18,898 Com 7.28 +127.2 6 Sibanye Gold Ltd SBGL 18,767 Sponsored Adr 7.23 +86.9 7 Cabot Oil & Gas Corp COG 18,678 Com 7.20 +70.0 8 Encana Corp ECA 18,601 Com 7.17 New 9 Rock-tenn Co RKT 17,996 Cl A 6.93 +41.7 10 Chesapeake Energy Corp CHK 17,165 Com 6.61 New 11 Freeport-mcmoran Copper & Go FCX 15,980 Com 6.16 New 12 Nrg Energy Inc NRG 13,609 Com New 5.24 +60.6 13 Lyondellbasell Industries N LYB 12,827 Shs - A - 4.94 -21.7 14 Cloud Peak Energy Inc CLD 8,458 Com 3.26 New 15 Gran Tierra Energy Inc GTE 6,701 Com 2.58 -23.3 16 Occidental Pete Corp Del OXY 3,823 Com 1.47 New 17 Navigator Holdings Ltd NVGS 3,419 Shs 1.32 New 18 Graphic Packaging Hldg Co GPK 3,151 Com 1.21 -29.4
Sold Positions: EMN New Positions: FXI, EEM, ECA, CHK, FCX, CLD, OXY, NVGS Top Increases: TSO, SBGL, COG Top Decreases: CF, GPK, MPC Fund Background: Bocage Capital was founded by Kurt Billick in 2010 and is based in San Francisco. Billick is a former employee of Bruce Covner's Caxton Associates.
104 twitter @chensj Deccan Value Investors Total Value: $343,963,000 Positions: 7 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Twenty First Centy Fox Inc FOXA 73,624 Cl A 21.40 +10.4 2 Coca Cola Enterprises Inc Ne CCE 49,713 Com 14.45 +22.9 3 Tyco International Ltd TYC 49,205 Shs 14.31 +9.5 4 Cst Brands Inc CST 47,857 Com 13.91 +4.1 5 Engility Hldgs Inc EGL 47,796 Com 13.90 -6.3 6 Visa Inc V 47,101 Com Cl A 13.69 +10.1 7 Higher One Hldgs Inc ONE 28,667 Com 8.33 -18.9
Sold Positions: None New Positions: None Top Increases: CCE, FOXA, V Top Decreases: ONE, EGL Fund Background: Vinit Bodas was a co-founder of Deccan Value Advisors, which closed in 2009. Bodas founded Deccan Value Investors in 2010 and is known for having a concentrated portfolio.
105 twitter @chensj Locust Wood Capital Advisers Total Value: $614,936,000 Positions: 43 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Northstar Rlty Fin Corp NRF 38,926 Com 6.33 +137.2 2 Hess Corp HES 37,839 Com 6.15 +23.5 3 Liberty Interactive Corp LINTA 34,388 Int Com Ser A 5.59 -3.2 4 Wyndham Worldwide Corp WYN 27,667 Com 4.50 +1062.5 5 Jpmorgan Chase & Co JPM 25,251 Com 4.11 -1.4 6 Thermo Fisher Scientific Inc TMO 24,552 Com 3.99 -6.5 7 Microsoft Corp MSFT 23,896 Com 3.89 +26.4 8 Macquarie Infrastr Co Llc MIC 23,811 Membership Int 3.87 +24.4 9 Howard Hughes Corp HHC 23,753 Com 3.86 -31.6 10 Charter Communications Inc D CHTR 22,386 Cl A New 3.64 New 11 Davita Healthcare Partners I DVA 21,026 Com 3.42 +34.7 12 Apple Inc AAPL 20,137 Com 3.27 -35.8 13 American Intl Group Inc AIGWS 19,547 *w Exp 01/19/202 3.18 +26.2 14 Pepsico Inc PEP 19,271 Com 3.13 New 15 Eastman Chem Co EMN 19,005 Com 3.09 -15.3 16 Berkshire Hathaway Inc Del BRKB 18,079 Cl B New 2.94 +27.2 17 Comcast Corp New CMCSA 16,903 Cl A 2.75 -48.6 18 Morgan Stanley MS 16,512 Com New 2.69 -22.5 19 American Airls Group Inc AAL 15,705 Com 2.55 +253.0 20 Berkshire Hathaway Inc Del BRKA 15,550 Cl A 2.53 +5.3 21 Agilent Technologies Inc A 15,287 Com 2.49 +60.0 22 Mckesson Corp MCK 15,130 Com 2.46 +333.8 23 Starwood Waypoint Residentl SWAY 14,309 Com Shs 2.33 New 24 Allison Transmission Hldgs I ALSN 13,968 Com 2.27 +64.9 25 Grace W R & Co Del New GRA 13,543 Com 2.20 -.7 26 General Mtrs Co GM 11,094 Com 1.80 -50.8 27 Time Warner Cable Inc TWC 7,339 Com 1.19 New 28 Twenty First Centy Fox Inc FOXA 6,370 Cl A 1.04 -39.8 29 Mcdonalds Corp MCD 6,295 Com 1.02 New 30 Yahoo Inc YHOO 5,760 Com 0.94 -24.0 31 Liberty Media Corp Delaware LMCA 5,638 Cl A 0.92 -45.2 32 Kapstone Paper & Packaging C KS 5,443 Com 0.89 +3.9 33 Johnson & Johnson JNJ 5,276 Com 0.86 -28.8 34 Baxter Intl Inc BAX 4,724 Com 0.77 New 35 Kkr & Co L P Del KKR 4,689 Com Units 0.76 -21.6 36 Twenty First Centy Fox Inc FOX 4,119 Cl B 0.67 New 37 Travelers Companies Inc TRV 3,645 Com 0.59 -25.9 38 Star Gas Partners L P SGU 3,169 Unit Ltd Partnr 0.52 +9.1 39 Exxon Mobil Corp XOM 1,892 Com 0.31 -3.6 40 Wells Fargo & Co New WFCWS 1,019 *w Exp 10/28/201 0.17 +17.1 41 Choice Hotels Intl Inc CHH 920 Com 0.15 New 42 Kinder Morgan Inc Del KMIWS 657 *w Exp 05/25/201 0.11 -74.4 43 Oaktree Cap Group Llc OAK 446 Unit 99/99/9999 0.07 -67.8
Sold Positions: GLPI, STRZA, AIG, AAMC, PENN, STWD, KMI, RESI, TWX, CNX, LYB, THI New Positions: CHTR, PEP, SWAY, TWC, MCD, BAX, FOX, CHH Top Increases: WYN, MCK, AAL Top Decreases: KMIWS, OAK, GM Fund Background:
106 twitter @chensj Stephen John Errico founded Locust Wood Capital Advisers. Prior to this, he was an Advisor at Morgan Stanley on an asset base of several hundred million. Errico has also worked as an Advisor at Lehman, Paine Webber. He is a graduate from Colgate University.
107 twitter @chensj Osmium Partners Total Value: $155,491,000 Positions: 20 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Rosetta Stone Inc RST 24,841 Com 15.98 +5.1 2 Vitacost.com Inc VITC 19,547 Com 12.57 +22.6 3 Spark Networks Inc LOV 17,655 Com 11.35 -20.9 4 Tucows Inc-class A TCX 13,636 Com New 8.77 -7.6 5 Travelzoo Inc TZOO 11,690 Com New 7.52 New 6 Eplus Inc PLUS 11,474 Com 7.38 -20.1 7 Franklin Covey Co FC 11,128 Com 7.16 -25.9 8 Av Homes Inc AVHI 9,983 Com 6.42 +78.8 9 Ziprealty Inc ZIPR 9,687 Com 6.23 -41.4 10 Intersections Inc INTX 8,894 Com 5.72 -2.5 11 Exa Corp EXA 5,787 Com 3.72 -11.9 12 Amrep Corp AXR 4,175 Com 2.69 -10.4 13 Image Sensing Systems Inc ISNS 1,512 Com 0.97 -36.5 14 Martha Stewart Living-a MSO 1,388 Cl A 0.89 -66.8 15 Diversicare Healthcare Servi DVCR 1,164 Com 0.75 +263.8 16 Onvia Inc ONVI 1,110 Com New 0.71 -34.3 17 Cra International Inc CRAI 946 Com 0.61 New 18 Hooper Holmes Inc HH 863 Com 0.56 +11.4 19 Internet Patents Corp PTNT 8 Com 0.01 -99.8 20 Egain Corp EGAN 4 Com New 0.00 New
Sold Positions: HPOL, DRCO, TZOO, AFH New Positions: TZOO, CRAI, EGAN Top Increases: DVCR, AVHI, VITC Top Decreases: PTNT, MSO, ZIPR Fund Background: John Lewis founded Osmium Partners in 2002. His career in investing began as an Analyst at the Heartland Funds, a multi-billion dollar mutual fund family specializing in fundamental value investing in small cap companies. During his years at Heartland, Lewis covered nine different market sectors. Lewis holds a B.A. from the University of Maryland and an M.B.A. from the University of San Francisco.
108 twitter @chensj Revelation Capital Management Total Value: $13,079,000 Positions: 8 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 United Microelectronics Corp UMC 3,425 Spon Adr New 26.19 -53.7 2 Uni Pixel Inc UNXL 3,164 Com New 24.19 New 3 Verizon Communications Inc VZ 1,665 Com 12.73 New 4 Bhp Billiton Plc BBL 1,623 Sponsored Adr 12.41 -53.2 5 Rio Tinto Plc RIO 1,016 Sponsored Adr 7.77 New 6 Nephrogenex Inc NRX 792 Com 6.06 New 7 Mobile Telesystems Ojsc MBT 760 Sponsored Adr 5.81 -78.1 8 Imprimis Pharmaceuticals Inc IMMY 634 Com New 4.85 -6.2
Sold Positions: TSM, CEF, WYNN, IPWR New Positions: UNXL, VZ, RIO, NRX Top Increases: None Top Decreases: MBT, UMC, BBL Fund Background: Chris Kuchanny is the CEO of Revelation. Revelation is a global event-driven fund.
109 twitter @chensj Arlington Value Capital Total Value: $389,109,000 Positions: 11 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Berkshire Hathaway Inc Cl B BRKB 125,085 Cl B New 32.15 +8.2 2 Vistaprint Nv VPRT 60,134 Shs 15.45 -.6 3 Bank Of America Corp BAC 58,667 Com 15.08 -2.7 4 C.h. Robinson Worldwide Inc CHRW 45,812 Com New 11.77 +85.9 5 Alleghany Corp Y 29,909 Com 7.69 New 6 Intl Business Machines Corp IBM 28,979 Com 7.45 +20.2 7 Berkshire Hathaway Inc Cl A BRKA 25,667 Cl A 6.60 +3.1 8 Copart Inc CPRT 6,585 Com 1.69 New 9 Barry (r.g.) DFZ 4,034 Com 1.04 +18.2 10 Leucadia National Corp LUK 4,028 Com 1.04 +16.0 11 Deswell Industries Inc DSWL 209 Com 0.05 -7.5
Sold Positions: XPO, INWK, RBA New Positions: Y, CPRT Top Increases: CHRW, IBM, DFZ Top Decreases: DSWL, BAC, VPRT Fund Background: Allan Mecham is the founder of Arlington Value Capital. He was profiled in Smart Money as the "400% Man". http://www.marketwatch.com/story/the-400-man-1328818316857#printMode
110 twitter @chensj Towle and Co Total Value: $527,790,000 Positions: 34 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Hawaiian Holdings Inc HA 29,654 Com 5.62 +44.6 2 Goodyear Tire & Rubber Co GT 27,021 Com 5.12 +8.4 3 Atlas Air Worldwide Holdings I AAWW 25,765 Com 4.88 +22.2 4 Valero Energy Corp VLO 23,800 Com 4.51 +5.1 5 Unisys Corporation UIS 22,773 Com 4.31 -10.1 6 Meritor Inc MTOR 22,591 Com 4.28 -9.5 7 Tesoro Corporation TSO 20,134 Com 3.81 -14.4 8 Flextronics International Ltd FLEX 18,921 Com 3.58 +18.3 9 General Cable Corporation BGC 18,458 Com 3.50 +2.4 10 Ingram Micro Inc IM 18,231 Com 3.45 +25.7 11 Aegean Marine Petroleum Inc ANW 18,095 Com 3.43 -13.0 12 Chiquita Brands Intl Inc CQB 17,729 Com 3.36 +5.8 13 Peabody Energy Corporation BTU 17,415 Com 3.30 -1.8 14 Sanmina Corporation SANM 17,094 Com 3.24 +4.0 15 Cloud Peak Energy Inc CLD 16,938 Com 3.21 +17.1 16 Swift Energy Co SFY 16,717 Com 3.17 +20.1 17 Cna Financial Corp CNA 16,343 Com 3.10 -1.3 18 Phh Corporation PHH 16,311 Com 3.09 -14.7 19 Arkansas Best Corp ABFS 16,297 Com 3.09 -27.1 20 Titan Machinery Inc TITN 15,968 Com 3.03 -11.8 21 Air Transport Services Group I ATSG 15,027 Com 2.85 -3.2 22 Argo Group Intl Holdings Ltd AGII 13,779 Com 2.61 -1.7 23 Pbf Energy Inc PBF 13,649 Com 2.59 -18.0 24 Commercial Vehicle Group Inc CVGI 12,196 Com 2.31 +25.2 25 The Hanover Insurance Group In THG 11,656 Com 2.21 +2.7 26 Navistar Intl Corp NAV 11,351 Com 2.15 -11.1 27 Renewable Energy Group Inc REGI 9,847 Com 1.87 +175.1 28 Jones Group Inc JNY 9,666 Com 1.83 New 29 Cal Dive International Inc DVR 9,648 Com 1.83 -15.3 30 Supervalu Inc SVU 9,502 Com 1.80 +92.2 31 Steel Dynamics Inc STLD 7,448 Com 1.41 -9.1 32 Star Bulk Carriers Corp SBLK 4,322 Com 0.82 +5.4 33 Ameriserv Financial Inc ASRV 2,623 Com 0.50 +24.5 34 Virco Mfg Corp VIRC 821 Com 0.16 -4.9
Sold Positions: PTEN, JNY New Positions: JNY Top Increases: REGI, SVU, HA Top Decreases: ABFS, PBF, DVR Fund Background: Towle & Co. is a deep-value fund started by J. Ellwood (Woody) Towle in 1981. Profile: http://www.towleco.com/about- overview.html
111 twitter @chensj Grandmaster Capital Management Total Value: $230,947,000 Positions: 19 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Wells Fargo & Co (new) Cmn WFC 22,542 Common Stock 9.76 +8.7 2 Microsoft Corporation Cmn MSFT 21,020 Common Stock 9.10 +118.3 3 American Express Co. Cmn AXP 20,410 Common Stock 8.84 -7.3 4 The Howard Hughes Corp Cmn HHC 20,176 Common Stock 8.74 -3.2 5 N V R Inc Cmn NVR 16,528 Common Stock 7.16 +18.3 6 Cbs Corporation Cmn Class B CBS 16,489 Common Stock 7.14 -1.0 7 Marriott International, Inc. Cmn Class A MAR 16,137 Common Stock 6.99 +2.9 8 Twenty-first Century Fox, Inc. Cmn FOXA 14,435 Common Stock 6.25 +2.2 Class A 9 Dollar General Corporation Cmn DG 12,512 Common Stock 5.42 +52.5 10 Intuit Inc Cmn INTU 11,973 Common Stock 5.18 +1.1 11 Discovery Communications, Inc. Cmn DISCA 11,626 Common Stock 5.03 New Series A 12 Kraft Foods Group, Inc. Cmn KRFT 11,314 Common Stock 4.90 +3.3 13 Sirius Xm Holdings Inc Cmn SIRI 10,402 Common Stock 4.50 +7.7 14 Willis Group Holdings Plc Cmn WSH 9,929 Common Stock 4.30 +36.9 15 Cabela's Incorporated Cmn Class A CAB 5,096 Common Stock 2.21 -47.1 16 Cbs Outdoor Americas Inc. Cmn 3,655 Common Stock 1.58 New 17 Visa Inc. Cmn Class A V 3,203 Common Stock 1.39 New 18 Mastercard Incorporated Cmn Class A MA 3,133 Common Stock 1.36 -49.6 19 Krispy Kreme Doughnuts Inc Cmn KKD 367 Common Stock 0.16 -8.9
Sold Positions: MSI, USB, VVUS, GHC New Positions: DISCA, Cbs Outdoor Americas Inc. Cmn - Common Stock, V Top Increases: MSFT, DG, WSH Top Decreases: MA, CAB, KKD Fund Background: Patrick Wolff runs Grandmaster Capital, which is based in SF and manges over $230 million. Wolff is a two time US Chess champion. Barrons profile: http://online.barrons.com/news/articles/SB50001424053111904148504579409064275126346
112 twitter @chensj Valinor Management Total Value: $3,258,887,000 Positions: 47 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Fleetcor Technologies Inc FLT 210,025 Com 6.44 +20.0 2 Popular Inc BPOP 152,493 Com New 4.68 -6.6 3 Cheniere Energy Inc LNG 147,294 Com New 4.52 +.2 4 Hertz Global Holdings Inc HTZ 138,040 Com 4.24 -21.7 5 Autodesk Inc ADSK 128,001 Com 3.93 +8.4 6 Pentair Ltd PNR 121,500 Shs 3.73 -14.0 7 Owens Corning New OC 118,848 Com 3.65 -15.5 8 Check Point Software Tech Lt CHKP 114,649 Ord 3.52 +17.2 9 Allegion Pub Ltd Co ALLE 110,344 Ord Shs 3.39 New 10 Liberty Global Plc LBTYK 107,617 Shs Cl C 3.30 -2.1 11 Johnson Ctls Inc JCI 107,340 Com 3.29 New 12 Nxp Semiconductors N V NXPI 104,621 Com 3.21 New 13 Wyndham Worldwide Corp WYN 100,866 Com 3.10 -11.6 14 Realogy Hldgs Corp RLGY 93,615 Com 2.87 +9.0 15 Apple Inc AAPL 92,555 Com 2.84 +13.6 16 Charter Communications Inc D CHTR 88,355 Cl A New 2.71 +7.3 17 Micron Technology Inc MU 86,898 Com 2.67 New 18 Ericsson ERIC 74,014 Adr B Sek 10 2.27 -12.9 19 American Airls Group Inc AAL 70,839 Com 2.17 New 20 Istar Finl Inc STAR 70,662 Com 2.17 -6.2 21 China Mobile Limited CHL 70,023 Sponsored Adr 2.15 -9.2 22 Thermo Fisher Scientific Inc TMO 67,390 Com 2.07 +10.2 23 Berry Plastics Group Inc BERY 66,455 Com 2.04 +262.3 24 Kar Auction Svcs Inc KAR 64,407 Com 1.98 +3.4 25 Google Inc GOOG 64,156 Cl A 1.97 +78.5 26 Signet Jewelers Limited SIG 62,329 Shs 1.91 -5.3 27 Madison Square Garden Co MSG 62,207 Cl A 1.91 -9.6 28 Delphi Automotive Plc DLPH 61,929 Shs 1.90 -34.9 29 American Intl Group Inc AIG 59,768 Com New 1.83 +.9 30 Cott Corp Que COT 59,642 Com 1.83 +5.1 31 Chemtura Corp CHMT 58,858 Com New 1.81 +41.0 32 Amazon Com Inc AMZN 55,496 Com 1.70 New 33 Mens Wearhouse Inc MW 54,538 Com 1.67 -16.3 34 Time Warner Cable Inc TWC 38,686 Com 1.19 +2755.1 35 Deluxe Corp DLX 38,644 Com 1.19 +.5 36 Mondelez Intl Inc MDLZ 29,812 Cl A 0.91 -18.9 37 Canadian Pac Ry Ltd CP 17,776 Com 0.55 -18.7 38 Lindsay Corp LNN 15,725 Com 0.48 New 39 Ipg Photonics Corp IPGP 14,366 Com 0.44 -8.4 40 Sturm Ruger & Co Inc RGR 12,106 Com 0.37 +122.7 41 Mindray Medical Intl Ltd MR 9,385 Spon Adr 0.29 +1014.6 42 Gogo Inc GOGO 9,096 Com 0.28 New 43 Gamestop Corp New GME 8,881 Cl A 0.27 -77.0 44 Bio-reference Labs Inc BRLI 7,397 Com $.01 New 0.23 -10.2 45 Delia's Inc New DLIA 5,520 Com 0.17 -4.5 46 Ambarella Inc AMBA 3,339 Shs 0.10 New 47 Hillshire Brands Co HSH 2,380 Com 0.07 -90.7
Sold Positions: NFG, NE, MS, GDP, QCOM, BID, WU, LEA, THI New Positions: ALLE, JCI, NXPI, MU, AAL, AMZN, LNN, GOGO, AMBA Top Increases: TWC, MR, BERY
113 twitter @chensj Top Decreases: HSH, GME, DLPH Fund Background: David Gallo is the Founder at Valinor Management. Prior to this, he was a Partner and Senior Analyst at Bridger Capital, where he was responsible for long and short public equity investments and private equity and debt investments. From 2000 to 2002, Mr. Gallo was a Vice President at Francisco Partners Management.
114 twitter @chensj Makaira Partners Total Value: $558,033,000 Positions: 10 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Wesco Aircraft Hldg Inc WAIR 97,895 Com 17.54 +.4 2 Cdw Corp CDW 90,963 Com 16.30 +17.5 3 Liberty Interactive Corp LINTA 83,959 Int Com Ser A 15.05 -1.6 4 Covanta Holding Corp CVA 60,747 Com 10.89 +2.0 5 Verisign Inc VRSN 59,778 Com 10.71 +23.6 6 Iron Mtn Inc IRM 55,541 Com 9.95 -9.2 7 Corrections Corp CXW 40,673 Com New 7.29 -2.3 8 Capella Education Co CPLA 29,987 Com 5.37 -33.9 9 Time Warner Cable Inc TWC 23,606 Com 4.23 +1.2 10 Valmont Industries Inc VMI 14,884 Com 2.67 New
Sold Positions: None New Positions: VMI Top Increases: VRSN, CDW, CVA Top Decreases: CPLA, IRM, CXW Fund Background: Thomas Bancroft is the managing partner at Makaira Partners. He was previously a Portfolio Manager at GEICO, a division of Berkshire Hathaway. His investment style is described as being similar to Lou Simpson, who he worked with for 13 years at GEICO.
115 twitter @chensj Hawkeye Capital Management Total Value: $356,912,000 Positions: 13 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Kapstone Paper & Packaging C KS 62,287 Com 17.45 -5.7 2 Bp Plc BP 55,796 Sponsored Adr 15.63 -1.0 3 Cf Inds Hldgs Inc CF 48,218 Com 13.51 +11.8 4 Micron Technology Inc MU 44,362 Com 12.43 -19.3 5 Suncoke Energy Inc SXC 41,288 Com 11.57 +16.2 6 Aircastle Ltd AYR 29,135 Com 8.16 New 7 Anadarko Pete Corp APC 21,191 Com 5.94 +50.9 8 Avis Budget Group CAR 17,859 Com 5.00 New 9 Wabash Natl Corp WNC 17,734 Com 4.97 +24.0 10 Graphic Packaging Hldg Co GPK 8,497 Com 2.38 New 11 Semgroup Corp SEMG 6,027 Cl A 1.69 +.7 12 Town Sports Intl Hldgs Inc CLUB 4,410 Com 1.24 -42.5 13 Collabrium Japan Acquisitn C JACQW 108 *w Exp 99/99/999 0.03 New
Sold Positions: JACQU, HMTV, SSI New Positions: AYR, CAR, GPK, JACQW Top Increases: APC, WNC, SXC Top Decreases: CLUB, MU, KS Fund Background: Richard Rubin is the Managing Member at Hawkeye Capital Management. He founded the firm in 1999. Previously, Mr. Rubin served as a Principal at MHR Advisors LLC from January 1997 to July 1998. He has been a Director of Arch Wireless and a Director of Signature Group Holdings. He graduated with a degree in Economics and a B.A. in Accounting in 1986 from Brooklyn College.
116 twitter @chensj Silver Point Total Value: $1,153,019,000 Positions: 30 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 American Intl Group Inc AIG 360,118 Com New 31.23 -3.9 2 Cooper Std Hldgs Inc CPS 333,125 Com 28.89 +43.9 3 E Trade Financial Corp ETFC 58,701 Com New 5.09 -3.6 4 Houghton Mifflin Harcourt Co HMHC 58,352 Com 5.06 +19.9 5 Masonite Intl Corp New DOOR 40,299 Com 3.50 -18.0 6 General Mtrs Co GM 31,357 Com 2.72 -15.8 7 Enpro Inds Inc NPO 29,431 Com 2.55 New 8 American Airls Group Inc AAL 28,773 Com 2.50 New 9 American Intl Group Inc AIGWS 22,634 *w Exp 01/19/202 1.96 +1.0 10 Standard Register Co SR 16,519 Com 1.43 +17.3 11 Delta Air Lines Inc Del DAL 15,593 Com New 1.35 +62.2 12 Citigroup Inc C 15,018 Com New 1.30 -8.7 13 Nortek Inc NTK 14,416 Com New 1.25 New 14 Jpmorgan Chase & Co JPMWS 12,896 *w Exp 10/28/201 1.12 +4.8 15 Jpmorgan Chase & Co JPM 12,142 Com 1.05 +3.8 16 Bank Of America Corporation BAC 11,610 Com 1.01 +35.6 17 Lee Enterprises Inc LEE 11,004 Com 0.95 New 18 Meadowbrook Ins Group Inc MIG 10,607 Com 0.92 +100.5 19 American Airls Group Inc AALCP 9,746 Pfd A Mand Cv 0.85 New 20 Capital One Finl Corp COFWS 8,845 *w Exp 11/14/201 0.77 -.2 21 Gray Television Inc GTN 7,570 Com 0.66 -3.1 22 General Mtrs Co GMWSB 7,421 *w Exp 07/10/201 0.64 -24.5 23 Sprouts Fmrs Mkt Inc SFM 7,206 Com 0.62 New 24 Dana Hldg Corp DAN 6,612 Com 0.57 +19.2 25 Ishares IWM 5,817 Russell 2000 Etf 0.50 -56.1 26 Dex Media Inc New DXM 5,318 Com 0.46 +35.7 27 Genco Shipping & Trading Ltd 4,676 Note 5.000% 8/1 0.41 +60.0 28 Wci Cmntys Inc WCIC 4,167 Com Par $0.01 0.36 +3.5 29 New Media Invt Group Inc NEWM 2,972 Com 0.26 New 30 Blackrock Debt Strat Fd Inc DSU 74 Com 0.01 +2.8
Sold Positions: SSI, VC, Spdr S&p 500 Etf Tr - CALL, AMBCW, VG, DLPH, CM, SXC, NWSA New Positions: NPO, AAL, NTK, LEE, AALCP, SFM, NEWM Top Increases: MIG, DAL, Genco Shipping & Trading Ltd - NOTE 5.000% 8/1 Top Decreases: IWM, GMWSB, DOOR Fund Background: Silver Point Capital is a registered investment adviser focused on credit and special situations investments. The firm is based in Greenwich, CT and was founded in 2002 by Edward A. Mulé and Robert J. O'Shea.
117 twitter @chensj Miura Global Management Total Value: $1,049,428,000 Positions: 31 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Kate Spade & Co KATE 148,360 Com 14.14 New 2 Restoration Hardware Hldgs I RH 126,884 Com 12.09 +16.9 3 Vipshop Hldgs Ltd VIPS 67,932 Sponsored Adr 6.47 -18.0 4 Fleetcor Technologies Inc FLT 67,334 Com 6.42 -6.6 5 Charter Communications Inc D CHTR 61,600 Cl A New 5.87 +23.4 6 Liberty Global Plc LBTYK 55,569 Shs Cl C 5.30 +33.1 7 Twenty First Centy Fox Inc FOXA 54,509 Cl A 5.19 -22.5 8 Linkedin Corp LNKD 48,084 Com Cl A 4.58 New 9 Liberty Global Plc LBTYA 47,216 Shs Cl A 4.50 +26.3 10 Liberty Media Corp Delaware LMCA 40,919 Cl A 3.90 -3.5 11 Liberty Interactive Corp LVNTA 39,099 Lbt Vent Com A 3.73 -25.8 12 Facebook Inc FB 32,228 Cl A 3.07 -9.3 13 Netflix Inc NFLX 29,923 Com 2.85 New 14 Solarcity Corp SCTY 29,745 Com 2.83 +10.2 15 Priceline Com Inc PCLN 28,009 Com New 2.67 -26.3 16 Qihoo 360 Technology Co Ltd QIHU 20,912 Ads 1.99 -31.1 17 T-mobile Us Inc TMUS 20,644 Com 1.97 New 18 Soufun Hldgs Ltd SFUN 20,526 Adr 1.96 New 19 Six Flags Entmt Corp New SIX 19,674 Com 1.87 -2.8 20 Workday Inc WDAY 17,372 Cl A 1.66 New 21 Servicenow Inc NOW 14,980 Com 1.43 New 22 Endo Intl Plc ENDP 12,357 Shs 1.18 New 23 Splunk Inc SPLK 10,724 Com 1.02 New 24 Shire Plc SHPG 8,021 Sponsored Adr 0.76 +18.3 25 Incyte Corp INCY 6,958 Com 0.66 New 26 Theravance Inc THRX 5,569 Com 0.53 New 27 Alkermes Plc ALKS 5,291 Shs 0.50 New 28 Frontier Communications Corp FTR 4,701 Com 0.45 +22.7 29 Quad / Graphics Inc QUAD 1,806 Com Cl A 0.17 -13.9 30 Radioshack Corp RSH 1,590 Com 0.15 -18.5 31 Outerwall Inc OUTR 892 Com 0.08 +7.9
Sold Positions: KAR, HIMX, MA, FNP, SIRI New Positions: KATE, LNKD, NFLX, TMUS, SFUN, WDAY, NOW, ENDP, SPLK, INCY, THRX, ALKS Top Increases: LBTYK, LBTYA, CHTR Top Decreases: QIHU, PCLN, LVNTA Fund Background: Miura Global Management was founded by Pasco Alfaro and Richard Tumure in 2004. Alfaro previously worked at Tiger Management.
118 twitter @chensj Argonaut Capital Management Total Value: $147,605,000 Positions: 18 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Spdr S&p 500 Etf Tr SPY 126,998 Tr Unit 86.04 -28.0 2 Delta Air Lines Inc Del DAL 2,495 Com New 1.69 +26.1 3 Melco Crown Entmt Ltd MPEL 1,933 Adr 1.31 +64.2 4 Blackstone Group L P BX 1,762 Com Unit Ltd 1.19 +5.5 5 Apple Inc AAPL 1,633 Com 1.11 -4.3 6 American Airls Group Inc AAL 1,464 Com 0.99 +45.0 7 United Rentals Inc URI 1,424 Com 0.96 +21.7 8 Cheniere Energy Inc LNG 1,219 Com New 0.83 +28.7 9 Google Inc GOOG 1,115 Cl A 0.76 -.5 10 Priceline Com Inc PCLN 1,073 Com New 0.73 +2.6 11 Gilead Sciences Inc GILD 992 Com 0.67 New 12 Magnum Hunter Res Corp Del MHR 962 Com 0.65 +16.3 13 Jpmorgan Chase & Co JPM 935 Com 0.63 +3.8 14 Transdigm Group Inc TDG 926 Com 0.63 New 15 Mastercard Inc MA 896 Cl A 0.61 New 16 Emerald Oil Inc EOX 709 Com New 0.48 -12.1 17 American Intl Group Inc AIG 658 Com New 0.45 -34.6 18 Gamestop Corp New GME 411 Cl A 0.28 New
Sold Positions: PM, C, JCP, MO, FOXA, HES, MS, TWTR New Positions: GILD, TDG, MA, GME Top Increases: MPEL, AAL, LNG Top Decreases: AIG, SPY, EOX Fund Background: David Gerstenhaber is the hedge fund manager for Argonaut Capital. Gerstenhaber was one of the earliest Tiger Cubs. Gerstenhaber is an economist and follows a global macro investing approach.
119 twitter @chensj Tiger Veda Management Total Value: $293,017,000 Positions: 18 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Visteon Corp VC 47,533 Com New 16.22 +64.1 2 Royal Caribbean Cruises Ltd RCL 28,688 Com 9.79 +6.5 3 Air Lease Corp AL 28,040 Cl A 9.57 +20.0 4 Avis Budget Group CAR 26,965 Com 9.20 +13.7 5 American Airls Group Inc AAL 19,032 Com 6.50 -.0 6 Macquire Infrstrctr Co Llc MIC 18,207 Membership Int 6.21 -12.8 7 Hertz Global Holdings Inc HTZ 17,419 Com 5.94 -6.9 8 3-d Sys Corp Del DDD 15,562 Com New 5.31 +49.1 9 Gencorp Inc GY 15,259 Com 5.21 -22.1 10 Aercap Holdings Nv AER 13,895 Shs 4.74 -32.5 11 Diana Shipping Inc DSX 13,799 Com 4.71 -9.8 12 Scripps E W Co Ohio SSP 11,405 Cl A New 3.89 +133.4 13 U S Silica Hldgs Inc SLCA 11,069 Com 3.78 +11.9 14 Cliffs Nat Res Inc CLF 8,603 Com 2.94 -21.9 15 American Axle & Mfg Hldgs In AXL 8,514 Com 2.91 -36.4 16 Gnc Hldgs Inc GNC 5,186 Com Cl A 1.77 -71.3 17 Nexstar Broadcasting Group I NXST 2,120 Cl A 0.72 New 18 Evryware Global Inc 1,721 Com 0.59 -44.9
Sold Positions: GRA, MEG, KAR, VIPS New Positions: NXST Top Increases: SSP, VC, DDD Top Decreases: GNC, Evryware Global Inc, AXL Fund Background: Manish Chopra founded Tiger Veda in 2006. He previously worked for Tiger Management.
120 twitter @chensj Tiger Consumer Management Total Value: $2,181,342,000 Positions: 28 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Ralph Lauren Corp RL 114,898 Cl A 5.27 +32.9 2 Ebay Inc EBAY 101,613 Com 4.66 New 3 Linkedin Corp LNKD 96,514 Com Cl A 4.42 New 4 News Corp New NWSA 90,382 Cl A 4.14 -6.9 5 Facebook Inc FB 89,462 Cl A 4.10 +18.2 6 T-mobile Us Inc TMUS 89,309 Com 4.09 -20.3 7 Priceline Com Inc PCLN 89,279 Com New 4.09 +32.9 8 Amazon Com Inc AMZN 88,593 Com 4.06 New 9 Michael Kors Hldgs Ltd KORS 88,590 Shs 4.06 +16.8 10 Ulta Salon Cosmetcs & Frag I ULTA 88,249 Com 4.05 -17.4 11 Liberty Global Plc LBTYK 87,941 Shs Cl C 4.03 +67.4 12 Starwood Hotels&resorts Wrld HOT 87,679 Com 4.02 -15.5 13 Mens Wearhouse Inc MW 86,602 Com 3.97 +13.1 14 Deckers Outdoor Corp DECK 86,087 Com 3.95 +12.5 15 Tesla Mtrs Inc TSLA 83,995 Com 3.85 +61.8 16 Urban Outfitters Inc URBN 82,708 Com 3.79 +10.6 17 Catamaran Corp CTRX 80,638 Com 3.70 -40.9 18 Carmax Inc KMX 79,414 Com 3.64 New 19 Fortune Brands Home & Sec In FBHS 79,128 Com 3.63 +3.8 20 Penney J C Inc JCP 77,986 Com 3.58 +165.8 21 Keurig Green Mtn Inc GMCR 76,923 Com 3.53 New 22 Home Depot Inc HD 68,067 Com 3.12 New 23 Whole Foods Mkt Inc WFM 67,134 Com 3.08 New 24 Dollar Tree Inc DLTR 66,546 Com 3.05 New 25 Dollar Gen Corp New DG 45,201 Com 2.07 -29.7 26 Aeropostale ARO 35,255 Com 1.62 -39.8 27 Liberty Global Plc LBTYA 32,538 Shs Cl A 1.49 -63.5 28 Arcos Dorados Holdings Inc ARCO 20,614 Shs Class -a - 0.95 -16.8
Sold Positions: HLF, DTV, P, JOSB, DRI, ZUMZ, RH, GMCR, FL, ZNGA, FOSL, LULU, LAMR, THI New Positions: EBAY, LNKD, AMZN, KMX, GMCR, HD, WFM, DLTR Top Increases: JCP, LBTYK, TSLA Top Decreases: LBTYA, CTRX, ARO Fund Background: Tiger Consumer Management is a New York-based hedge fund founded by Patrick McCormack. McCormack was a former manager at Tiger Management.
121 twitter @chensj Intrepid Capital Management Total Value: $471,227,000 Positions: 43 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Newfield Expl Co Com NFX 40,696 Cs 8.64 +13.8 2 Amdocs Ltd Shs DOX 37,883 Cs 8.04 +11.1 3 Bio Rad Labs Inc Cl A BIO 36,852 Cs 7.82 +1.3 4 Aarons Inc Com Par $0.50 AAN 32,580 Cs 6.91 +22.0 5 Ingram Micro Inc Cl A IM 27,490 Cs 5.83 -10.0 6 Fti Consulting Inc Com FCN 21,926 Cs 4.65 -29.9 7 Big Lots Inc Com BIG 21,413 Cs 4.54 -9.8 8 Bank New York Mellon Corp Com BK 18,551 Cs 3.94 +2.8 9 Tetra Tech Inc New Com TTEK 17,536 Cs 3.72 +5.8 10 Berkshire Hathaway Inc Del Cl BRKB 16,351 Cs 3.47 +5.4 11 Royal Gold Inc Com RGLD 15,479 Cs 3.28 +34.1 12 Aspen Insurance Holdings Ltd S AHL 14,996 Cs 3.18 -3.9 13 Coach Inc Com COH 13,520 Cs 2.87 +52.2 14 Western Un Co Com WU 13,309 Cs 2.82 +2.1 15 Telephone & Data Sys Inc Com N TDS 11,967 Cs 2.54 +1.7 16 Intuitive Surgical Inc Com New ISRG 11,587 Cs 2.46 New 17 Mattel Inc Com MAT 11,094 Cs 2.35 New 18 Staples Inc Com SPLS 10,877 Cs 2.31 New 19 Barrett Bill Corp Com BBG 10,388 Cs 2.20 -4.7 20 American Eagle Outfitters New AEO 9,023 Cs 1.91 -7.7 21 Cisco Sys Inc Com CSCO 8,812 Cs 1.87 +827.6 22 Microsoft Corp Com MSFT 8,193 Cs 1.74 +9.6 23 Tech Data Corp Com TECD 7,847 Cs 1.67 -29.0 24 Global Pmts Inc Com GPN 7,759 Cs 1.65 -66.5 25 Oaktree Cap Group Llc Unit Cl OAK 7,396 Cs 1.57 New 26 Csg Sys Intl Inc Com CSGS 6,527 Cs 1.39 -64.3 27 Check Point Software Tech Ltd CHKP 5,737 Cs 1.22 -26.0 28 Aurico Gold Inc Com AUQ 4,648 Cs 0.99 +18.9 29 Pan American Silver Corp Com PAAS 4,620 Cs 0.98 +10.0 30 Speedway Motorsports Inc Com TRK 2,935 Cs 0.62 -64.2 31 Apple Inc Com AAPL 2,038 Cs 0.43 New 32 Warren Res Inc Com WRES 1,613 Cs 0.34 -47.6 33 Laboratory Corp Amer Hldgs Com LH 1,450 Cs 0.31 +22.9 34 Quest Diagnostics Inc Com DGX 1,351 Cs 0.29 New 35 Northern Tr Corp Com NTRS 1,280 Cs 0.27 +160.2 36 Energizer Hldgs Inc Com ENR 1,004 Cs 0.21 New 37 Newmont Mining Corp Com NEM 955 Cs 0.20 New 38 Northern Oil & Gas Inc Nev Com NOG 885 Cs 0.19 +45.1 39 Patriot Transn Hldg Inc Com PATR 883 Cs 0.19 -13.2 40 Baldwin & Lyons Inc Cl B BWINB 625 Cs 0.13 New 41 Pep Boys Manny Moe & Jack Com PBY 420 Cs 0.09 +4.7 42 Hawkins Inc Com HWKN 381 Cs 0.08 New 43 Rayonier Inc Com RYN 350 Cs 0.07 +9.0
Sold Positions: WWE, SFY, CROX, GENC, MANT New Positions: ISRG, MAT, SPLS, OAK, AAPL, DGX, ENR, NEM, BWINB, HWKN Top Increases: CSCO, NTRS, COH Top Decreases: GPN, CSGS, TRK Fund Background:
122 twitter @chensj Steve Shapiro runs Intrepid Capital. He was previously with Tiger Management.
123 twitter @chensj Touradji Capital Management Total Value: $13,657,000 Positions: 35 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Barrick Gold Stk ABX 2,066 Com 15.13 -40.2 2 Beam Inc (nys) 1,416 Com 10.37 New 3 Forest Laboratories Inc FRX 738 Com 5.40 New 4 Hudson City Bancorp Inc HCBK 737 Com 5.40 +4.2 5 Time Warner Cable Inc TWC 617 Com 4.52 +82.0 6 Pacer International Inc ( (acq) PACR 515 Com 3.77 New 7 Capitalsource Inc (acq) CSE 511 Com 3.74 +18.6 8 Sterling Finl Corp/spokane(nas) STSA 500 Com 3.66 -2.2 9 Foster Wheeler Ag (nsm) FWLT 454 Com 3.32 New 10 Lsi Corp LSI 443 Com 3.24 +33.8 11 Supertex Inc (acq) SUPX 412 Com 3.02 New 12 Teche Holding Co TSH 395 Com 2.89 New 13 Jos A Bank Clothiers Inc JOSB 386 Com 2.83 New 14 Nicholas Financial Inc NICK 346 New 2.53 +37.3 15 Atmi Inc ATMI 340 Com 2.49 New 16 Texas Industries Inc TXI 314 Com 2.30 New 17 Twenty-first Century Fox - B FOX 311 L B 2.28 New 18 Jones Group Inc/the (acq) JNY 292 Com 2.14 +15.0 19 Jefferson Bancshares Inc/tn JFBI 272 Com 1.99 New 20 Hi-tech Pharmacal Co Inc HITK 260 Com 1.90 +.0 21 Tower Financial Corp TOFC 248 Com 1.82 -.4 22 Kkr Financial Holdings Llc KFN 237 Com 1.74 New 23 Genpact Ltd (nys) G 235 Shs 1.72 New 24 Amcol International Corp ACO 229 Com 1.68 New 25 Liberty Global Plc-series C LBTYK 204 L C 1.49 -67.7 26 Autonavi Holding Ltd-adr(nsm) AMAP 200 Adr 1.46 New 27 Lca-vision Inc (nsm) LCAV 188 Com 1.38 New 28 Augusta Resource Corp(ase) 185 Com 1.35 New 29 Accelrys Inc ACCL 125 Com 0.92 New 30 Tower Group International Lt TWGP 108 Com 0.79 New 31 Trunkbow International Holdi-nms TBOW 104 Com 0.76 +31.6 32 Sws Group Inc SWS 97 Com 0.71 New 33 Nts Inc (ase) NTS 86 Com 0.63 +26.5 34 Sirius Xm Holdings Inc SIRI 80 Com 0.59 New 35 Time Warner Cable-a C @ 140.0 Apr 6 Call 0.04 New 14
Sold Positions: Blue Note Mining Inc - Common Stock, Coastal Energy Co(tse) - Common Stock, EQU, SNTS, CMCSK, Syms Corp (pnk)(del) - Common Stock, SCUEF, LEAP, BRD, PTIX, EVAC, Lexington Resources Inc - Common Stock, VPHM, CAFI, TSPT, HPOL, MKTG, TBET, BRE, VRNG, LPS, ASIA, LNCO, VCBI, MCBI, FLOW, CCIX, SYNM, CPWR, WMGIZ, Gerber Scientific Inc Escrow - Common Stock, EORIF, HMA, YONG, CGX, PLDLF, Katanga Mining Ltd - Common Stock, QLTI, VTNC, HTSI, MTLQU, UTSI, PACT, GA, CBSTZ, RDA, ISS, ICH, Admiral Bay Resources Inc - Common Stock, CRTX, COLE, LIFE, Gobimin Inc - Common Stock, Anaren Inc - Common Stock, MHGC, GENT, S, STEL, BPO, ATX, PVR, CSSV, PNG, Constellation Copper Corp - Common Stock New Positions: Beam Inc (nys), FRX, PACR, FWLT, SUPX, TSH, JOSB, ATMI, TXI, FOX, JFBI, KFN, G, ACO, AMAP, LCAV, Augusta Resource Corp(ase), ACCL, TWGP, SWS, SIRI, Time Warner Cable-a C @ 140.0 Apr 14 - CALL Top Increases: TWC, NICK, LSI Top Decreases: LBTYK, ABX, STSA
124 twitter @chensj Fund Background: Touradji Capital Management was founded by Paul Touradji in 2005 after his previous venture, Catequil Asset Management, was closed amid a legal dispute. Touradji previously worked for Tiger Management.
125 twitter @chensj Healthcor Management Total Value: $1,662,534,000 Positions: 55 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Allscripts Healthcare Solutn MDRX 151,452 Com 9.11 -2.0 2 Merck & Co Inc New MRK 107,864 Com 6.49 +1788.7 3 Mylan Inc MYL 100,102 Com 6.02 +125.0 4 Wright Med Group Inc WMGI 96,317 Com 5.79 +2.8 5 Ehealth Inc EHTH 82,550 Com 4.97 +4.5 6 Salix Pharmaceuticals Inc SLXP 67,347 Com 4.05 +87.2 7 Medivation Inc MDVN 64,370 Com 3.87 New 8 Mallinckrodt Pub Ltd Co MNK 63,410 Shs 3.81 New 9 Mckesson Corp MCK 61,800 Com 3.72 -36.2 10 Gilead Sciences Inc GILD 60,974 Com 3.67 +363.9 11 Cubist Pharmaceuticals Inc CBST 53,034 Com 3.19 -45.0 12 Intuitive Surgical Inc ISRG 52,559 Com New 3.16 +171.2 13 Endo Intl Plc ENDP 52,181 Shs 3.14 New 14 Webmd Health Corp WBMD 51,750 Com 3.11 +13.9 15 Tesaro Inc TSRO 41,272 Com 2.48 New 16 Carefusion Corp CFN 40,220 Com 2.42 New 17 Agilent Technologies Inc A 39,144 Com 2.35 +9.5 18 Nuvasive Inc NUVA 38,410 Com 2.31 +53.3 19 Clovis Oncology Inc CLVS 32,903 Com 1.98 +453.9 20 Myriad Genetics Inc MYGN 29,229 Com 1.76 +114.3 21 Catamaran Corp CTRX 27,975 Com 1.68 New 22 Nuance Communications Inc NUAN 24,897 Com 1.50 New 23 Incyte Corp INCY 24,084 Com 1.45 New 24 Seattle Genetics Inc SGEN 22,780 Com 1.37 New 25 Icon Plc ICLR 20,656 Shs 1.24 New 26 Acadia Pharmaceuticals Inc ACAD 17,031 Com 1.02 New 27 Brookdale Sr Living Inc BKD 16,755 Com 1.01 New 28 Albany Molecular Resh Inc AMRI 16,731 Com 1.01 New 29 Pharmacyclics Inc PCYC 15,033 Com 0.90 New 30 Aegerion Pharmaceuticals Inc AEGR 14,999 Com 0.90 -75.1 31 Regulus Therapeutics Inc RGLS 14,207 Com 0.85 +9.9 32 Centene Corp Del CNC 14,006 Com 0.84 New 33 Alnylam Pharmaceuticals Inc ALNY 13,428 Com 0.81 New 34 Actavis Plc ACT 12,495 Shs 0.75 +176.5 35 Infinity Pharmaceuticals Inc INFI 12,485 Com 0.75 New 36 Pfizer Inc PFE 9,636 Com 0.58 New 37 Dynavax Technologies Corp DVAX 8,667 Com 0.52 -77.9 38 Oxygen Biotherapeutics Inc OXBT 8,325 Com Par $0.0001 0.50 New 39 Five Prime Therapeutics Inc FPRX 8,197 Com 0.49 -59.3 40 Exelixis Inc EXEL 7,965 Com 0.48 -58.1 41 Arrowhead Resh Corp ARWR 7,389 Com New 0.44 New 42 Biota Pharmaceutials Inc BOTA 7,027 Com 0.42 New 43 Express Scripts Hldg Co ESRX 6,908 Com 0.42 New 44 Becton Dickinson & Co BDX 6,299 Com 0.38 New 45 Allergan Inc AGN 6,019 Com 0.36 -93.4 46 Sangamo Biosciences Inc SGMO 5,424 Com 0.33 New 47 Novavax Inc NVAX 5,057 Com 0.30 -78.5 48 Sunesis Pharmaceuticals Inc SNSS 4,561 Com New 0.27 New 49 Abbott Labs ABT 3,812 Com 0.23 -91.1 50 Derma Sciences Inc DSCI 3,804 Com Par $.01 0.23 New 51 Cardiovascular Sys Inc Del CSII 2,639 Com 0.16 +53.9 52 Alexion Pharmaceuticals Inc ALXN 2,632 Com 0.16 -95.6 53 Syneron Medical Ltd ELOS 1,513 Ord Shs 0.09 New 54 Rockwell Med Inc RMTI 1,396 Com 0.08 New 55 Galmed Pharmaceuticals Ltd GLMD 814 Shs 0.05 New
126 twitter @chensj Sold Positions: SHPG, RLYP, HMA, HCA, MJN, IDRA, THRX, MON, ZMH, ACOR, TMO, THC, CYNO, TEVA, BEAM, WWAV, MOH, ARTC, BIIB, EL New Positions: MDVN, MNK, ENDP, TSRO, CFN, CTRX, NUAN, INCY, SGEN, ICLR, ACAD, BKD, AMRI, PCYC, CNC, ALNY, INFI, PFE, OXBT, ARWR, BOTA, ESRX, BDX, SGMO, SNSS, DSCI, ELOS, RMTI, GLMD Top Increases: MRK, CLVS, GILD Top Decreases: ALXN, AGN, ABT Fund Background: HealthCor Management was founded in 2005 by Arthur Cohen and Joseph Healey, who previously worked at SAC Capital. The majority of its assets are invested in the healthcare sector.
127 twitter @chensj Deerfield Management Total Value: $2,449,410,000 Positions: 119 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Humana Inc HUM 144,282 Com 5.89 +101.2 2 Dendreon Corp 133,789 Note 2.875% 1/1 5.46 +15.0 3 Questcor Pharmaceuticals Inc QCOR 116,216 Com 4.74 +6.4 4 Intermune Inc ITMN 86,485 Com 3.53 New 5 Auxilium Pharmaceuticals Inc AUXL 76,558 Com 3.13 -10.2 6 Flamel Technologies Sa FLML 70,464 Sponsored Adr 2.88 +102.0 7 Laboratory Corp Amer Hldgs LH 69,699 Com 2.85 New 8 Dicerna Pharmaceuticals Inc DRNA 68,607 Com 2.80 New 9 Auspex Pharmaceuticals Inc ASPX 61,181 Com 2.50 New 10 Volcano Corporation 59,767 Note 1.750%12/0 2.44 +.0 11 Array Biopharma Inc ARRY 57,367 Com 2.34 +1.9 12 Infinity Pharmaceuticals Inc INFI 52,839 Com 2.16 -8.5 13 Abbvie Inc ABBV 52,685 Com 2.15 New 14 Intermune Inc 51,373 Note 2.500% 9/1 2.10 +38.2 15 Nxstage Medical Inc NXTM 48,427 Com 1.98 -13.1 16 Integra Lifesciences Hldgs C 43,698 Note 1.625%12/1 1.78 -1.8 17 Allergan Inc AGN 39,170 Com 1.60 +132.0 18 Insmed Inc INSM 38,387 Com Par $.01 1.57 +114.6 19 Hologic Inc 38,347 Debt 2.000% 3/0 1.57 +.0 20 Amag Pharmaceuticals Inc 34,986 Note 2.500% 2/1 1.43 New 21 Dyax Corp DYAX 34,003 Com 1.39 +34.4 22 Biodelivery Sciences Intl In BDSI 33,648 Com 1.37 +224.4 23 Antares Pharma Inc ATRS 33,210 Com 1.36 -26.8 24 Tornier N V TRNX 32,977 Shs 1.35 +16.2 25 Universal Amern Corp New UAM 32,529 Com 1.33 -3.1 26 Accuray Inc 30,767 Note 3.750% 8/0 1.26 +29.7 27 Air Methods Corp AIRM 29,522 Com Par $.06 1.21 +36.8 28 Pacific Biosciences Calif In PACB 28,923 Com 1.18 +27.1 29 Mckesson Corp MCK 28,781 Com 1.18 New 30 Medtronic Inc MDT 28,555 Com 1.17 New 31 Merck & Co Inc New MRK 27,091 Com 1.11 -25.3 32 Array Biopharma Inc 26,665 Note 3.000% 6/0 1.09 +11.2 33 Synageva Biopharma Corp GEVA 26,358 Com 1.08 New 34 Quest Diagnostics Inc DGX 25,502 Com 1.04 New 35 Davita Healthcare Partners I DVA 23,961 Com 0.98 -22.0 36 Keryx Biopharmaceuticals Inc KERX 23,909 Com 0.98 +24.5 37 Xenoport Inc XNPT 22,669 Com 0.93 +6.0 38 Alnylam Pharmaceuticals Inc ALNY 20,276 Com 0.83 New 39 Portola Pharmaceuticals Inc PTLA 19,939 Com 0.81 -6.2 40 Horizon Pharma Inc HZNP 19,821 Com 0.81 -43.9 41 Intermune Inc 19,618 Note 2.500%12/1 0.80 +90.7 42 Prosensa Hldg N V RNA 18,080 Shs Usd 0.74 +24.1 43 Orthofix Intl N V OFIX 17,832 Com 0.73 New 44 Zogenix Inc ZGNX 17,567 Com 0.72 +98.7 45 Molina Healthcare Inc MOH 16,954 Com 0.69 -24.4 46 Ovascience Inc OVAS 14,953 Com 0.61 +170.2 47 Aratana Therapeutics Inc PETX 14,642 Com 0.60 New 48 Zoetis Inc ZTS 14,470 Cl A 0.59 New 49 Dendreon Corp 14,308 Note 4.750% 6/1 0.58 +.9 50 Ehealth Inc EHTH 13,767 Com 0.56 New 51 Mei Pharma Inc MEIP 12,962 Com New 0.53 +29.0 52 Genocea Biosciences Inc GNCA 12,005 Com 0.49 New 53 Aerie Pharmaceuticals Inc AERI 11,976 Com 0.49 +122.3 54 Endologix Inc 11,930 Note 2.250%12/1 0.49 New 55 Ani Pharmaceuticals Inc ANIP 11,649 Com 0.48 New 56 Foundation Medicine Inc FMI 11,100 Com 0.45 +34.7 128 twitter @chensj Deerfield Management Total Value: $2,449,410,000 Positions: 119 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Immunomedics Inc IMMU 11,068 Com 0.45 New 58 Amag Pharmaceuticals Inc AMAG 10,351 Com 0.42 New 59 Alimera Sciences Inc ALIM 10,346 Com 0.42 New 60 Spectrum Pharmaceuticals Inc SPPI 9,921 Com 0.41 -52.5 61 Biocryst Pharmaceuticals BCRX 9,606 Com 0.39 +45.5 62 Accuray Inc 9,546 Note 3.500% 2/0 0.39 New 63 Zeltiq Aesthetics Inc ZLTQ 9,482 Com 0.39 New 64 Integra Lifesciences Hldgs C IART 9,480 Com New 0.39 -27.0 65 Bluebird Bio Inc BLUE 9,425 Com 0.38 +6.1 66 Endologix Inc ELGX 8,796 Com 0.36 New 67 Concert Pharmaceuticals Inc CNCE 8,307 Com 0.34 New 68 Ptc Therapeutics Inc PTCT 8,300 Com 0.34 -10.3 69 Vanda Pharmaceuticals Inc VNDA 8,153 Com 0.33 +4.1 70 Nanostring Technologies Inc NSTG 8,076 Com 0.33 -25.0 71 Capital Sr Living Corp CSU 8,007 Com 0.33 -76.5 72 Discovery Laboratories Inc N DSCO 7,868 Com New 0.32 -4.4 73 Centene Corp Del CNC 7,768 Com 0.32 -57.9 74 Arena Pharmaceuticals Inc ARNA 7,664 Com 0.31 +7.7 75 Kalobios Pharmaceuticals Inc KBIO 7,552 Com 0.31 New 76 Sequenom Inc 7,466 Note 5.000%10/0 0.30 -48.5 77 Cas Med Sys Inc CASM 6,944 Com Par $0.004 0.28 +27.6 78 Amedisys Inc AMED 6,537 Com 0.27 New 79 Alere Inc 6,278 Note 3.000% 5/1 0.26 -2.5 80 Baxter Intl Inc BAX 6,254 Com 0.26 -12.3 81 Alphatec Holdings Inc ATEC 5,974 Com 0.24 -25.4 82 Inogen Inc INGN 5,899 Com 0.24 New 83 Streamline Health Solutions STRM 5,735 Com 0.23 +152.8 84 Anthera Pharmaceuticals Inc ANTH 5,668 Com New 0.23 +9.1 85 Vertex Pharmaceuticals Inc VRTX 5,552 Com 0.23 New 86 Uniqure Nv QURE 5,453 Shs 0.22 New 87 Xoma Corp Del XOMA 5,210 Com 0.21 -79.7 88 Cancer Genetics Inc CGIX 4,799 Com 0.20 -1.7 89 Liposcience Inc LPDX 4,410 Com 0.18 -24.9 90 Nanosphere Inc NSPH 4,300 Com 0.18 -60.4 91 Mannkind Corp MNKD 4,020 Com 0.16 New 92 Rigel Pharmaceuticals Inc RIGL 3,986 Com New 0.16 +83.2 93 Derma Sciences Inc DSCI 3,804 Com Par $.01 0.16 New 94 Revance Therapeutics Inc RVNC 3,676 Com 0.15 New 95 Eagle Pharmaceuticals Inc EGRX 3,629 Com 0.15 New 96 Biogen Idec Inc BIIB 3,594 Com 0.15 New 97 Auxilium Pharmaceuticals Inc 3,278 Note 1.500% 7/1 0.13 +18.3 98 Exelixis Inc EXEL 3,186 Com 0.13 New 99 Intra Cellular Therapies Inc ITCI 3,117 Com 0.13 New 100 Oxygen Biotherapeutics Inc OXBT 3,053 Com Par $0.0001 0.12 New 101 Sunesis Pharmaceuticals Inc SNSS 3,012 Com New 0.12 +154.2 102 Targacept Inc TRGT 2,931 Com 0.12 +14.4 103 Ocera Therapeutics Inc OCRX 2,755 Com 0.11 +.5 104 Illumina Inc ILMN 2,631 Com 0.11 New 105 Tonix Pharmaceuticals Hldg C TNXP 2,545 Com New 0.10 New 106 Palatin Technologies Inc PTN 2,460 Com Par $ .01 0.10 +67.6 107 Therapeuticsmd Inc TXMD 2,373 Com 0.10 New 108 Merge Healthcare Inc MRGE 2,341 Com 0.10 New 109 Regeneron Pharmaceuticals REGN 1,441 Com 0.06 New 110 Agilent Technologies Inc A 1,398 Com 0.06 New 111 Neurocrine Biosciences Inc NBIX 1,256 Com 0.05 New 112 Furiex Pharmaceuticals Inc FURX 1,161 Com 0.05 New 129 twitter @chensj Deerfield Management Total Value: $2,449,410,000 Positions: 119 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 113 Hologic Inc HOLX 914 Com 0.04 New 114 Mylan Inc MYL 855 Com 0.03 -96.3 115 Medivation Inc MDVN 805 Com 0.03 New 116 Aquinox Pharmaceuticals Inc AQXP 794 Com 0.03 New 117 Syneron Medical Ltd ELOS 430 Ord Shs 0.02 New 118 Achillion Pharmaceuticals In ACHN 305 Com 0.01 New 119 Novadaq Technologies Inc NVDQ 223 Com 0.01 -88.7
Sold Positions: Accuray Inc - NOTE 3.500% 2/0, CBST, BEAT, KIN, TEVA, BONE, MSTX, Albany Molecular Resh Inc - NOTE 2.250%11/1, OREX, SEM, ECYT, PRTA, HMSY, DEPO, CEMP, IMRS, GERN, GMED, AMGN, HCA, AET, BIND, Brookdale Sr Living Inc - NOTE 2.750% 6/1, BIOS, ARTC, ARWR, LCAV, Exelixis Inc - NOTE 4.250% 8/1, SSH, Nuvasive Inc - NOTE 2.750% 7/0, MNTA New Positions: ITMN, LH, DRNA, ASPX, ABBV, Amag Pharmaceuticals Inc - NOTE 2.500% 2/1, MCK, MDT, GEVA, DGX, ALNY, OFIX, PETX, ZTS, EHTH, GNCA, Endologix Inc - NOTE 2.250%12/1, ANIP, IMMU, AMAG, ALIM, Accuray Inc - NOTE 3.500% 2/0, ZLTQ, ELGX, CNCE, KBIO, AMED, INGN, VRTX, QURE, MNKD, DSCI, RVNC, EGRX, BIIB, EXEL, ITCI, OXBT, ILMN, TNXP, TXMD, MRGE, REGN, A, NBIX, FURX, HOLX, MDVN, AQXP, ELOS, ACHN Top Increases: BDSI, OVAS, SNSS Top Decreases: MYL, NVDQ, XOMA Fund Background: Deerfield invests in the healthcare market, including biotechnology, pharmaceuticals, medical devices, healthcare services,and animal health.
130 twitter @chensj White Elm Capital Total Value: $1,155,972,000 Positions: 28 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Ocwen Finl Corp OCN 110,808 Com New 9.59 +24.5 2 Altisource Portfolio Solns S ASPS 80,699 Reg Shs 6.98 +23.7 3 Charter Communications Inc D CHTR 76,512 Cl A New 6.62 +18.3 4 Crown Castle Intl Corp CCI 70,733 Com 6.12 +28.2 5 Altisource Asset Mgmt Corp AAMC 69,372 Com 6.00 +4.5 6 Sba Communications Corp SBAC 63,533 Com 5.50 -8.6 7 Facebook Inc FB 55,477 Cl A 4.80 +1.5 8 Liberty Global Plc LBTYK 54,372 Shs Cl C 4.70 +20.4 9 Liberty Interactive Corp LINTA 52,037 Int Com Ser A 4.50 +6.3 10 Carter Inc CRI 51,097 Com 4.42 -8.1 11 Transdigm Group Inc TDG 50,040 Com 4.33 -16.0 12 Zynga Inc ZNGA 48,483 Cl A 4.19 +152.5 13 Salesforce Com Inc CRM 39,506 Com 3.42 +114.9 14 Guidewire Software Inc GWRE 37,878 Com 3.28 -.0 15 Discovery Communicatns New DISCK 37,836 Com Ser C 3.27 New 16 Dollar Tree Inc DLTR 28,153 Com 2.44 +3.9 17 Golar Lng Ltd Bermuda GLNG 25,476 Shs 2.20 -31.5 18 Mastercard Inc MA 24,249 Cl A 2.10 -10.6 19 Amtrust Finl Svcs Inc AFSI 22,956 Com 1.99 New 20 Homeaway Inc AWAY 21,558 Com 1.86 New 21 Pandora Media Inc P 21,509 Com 1.86 New 22 Priceline Com Inc PCLN 21,454 Com New 1.86 -19.1 23 Visa Inc V 20,723 Com Cl A 1.79 -39.1 24 Dominos Pizza Inc DPZ 20,310 Com 1.76 +10.5 25 Applied Micro Circuits Corp AMCC 14,649 Com New 1.27 -9.9 26 Hsn Inc HSNI 14,645 Com 1.27 New 27 Liberty Global Plc LBTYA 11,015 Shs Cl A 0.95 -45.9 28 First Cash Finl Svcs Inc FCFS 10,892 Com 0.94 -18.4
Sold Positions: SAP, VRSN, ASML, SIRI New Positions: DISCK, AFSI, AWAY, P, HSNI Top Increases: ZNGA, CRM, CCI Top Decreases: LBTYA, V, GLNG Fund Background: Matt Iorio is the founder of White Elm. Previously, Iorio spent six years at Lone Pine Capital. Iorio graduated from the University of Virginia in 1993 received his MBA from Dartmouth's Tuck School of Business.
131 twitter @chensj Shah Capital Management Total Value: $124,718,000 Positions: 14 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 China Yuchai Intl Ltd CYD 49,551 Com 39.73 +3.1 2 Utstarcom Inc 20,260 Com 16.24 +.0 3 Chiquita Brands Intl Inc CQB 15,382 Com 12.33 +6.5 4 Corinthian Colleges Inc COCO 8,244 Com 6.61 +41.8 5 Canadiansolar Inc CSIQ 7,154 Com 5.74 -48.2 6 Trina Solar Ltd-spon Adr 6,602 Adr 5.29 -1.6 7 China Xiniya Fashion Ltd XNY 5,195 Adr 4.17 -6.2 8 Molycorp Inc MCPPR 3,335 Com 2.67 -16.4 A 9 Coeur Mining Inc CDE 2,890 Com 2.32 +38.7 10 Petroleo Brasileiro Sa PBR 1,643 Ads 1.32 New 11 Arcelormittal Ny MT 1,432 Adr 1.15 New 12 Yingli Green Energy Holding YGE 1,352 Com 1.08 -64.6 13 Anglogold Ashanti Ltd 1,036 Adr 0.83 +48.0 14 Renesola Ltd SOL 642 Adr 0.51 +19.8
Sold Positions: JCP, Arch Coal Inc., Arcelormittal Ny - ADR, Aegon Nv New Positions: PBR, MT Top Increases: Anglogold Ashanti Ltd - ADR, COCO, CDE Top Decreases: YGE, CSIQ, MCPPRA Fund Background: Shah Capital Management is a RIA based in Raleigh
132 twitter @chensj Joseph Stilwell Total Value: $160,852,000 Positions: 50 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 First Finl Northwest Inc FFNW 13,480 Common 8.38 -1.8 2 Kingsway Finl Svcs Inc KFS 12,240 Common 7.61 +4.4 3 Provident Finl Hldgs Inc PROV 10,331 Common 6.42 +3.7 4 Northeast Cmnty Bancorp Inc NECB 8,736 Common 5.43 -2.7 5 Hopfed Bancorp Inc HFBC 8,165 Common 5.08 +1.8 6 Asb Bancorp Inc Nc ASBB 7,861 Common 4.89 +2.9 7 Malvern Bancorp Inc MLVF 6,609 Common 4.11 -6.9 8 If Bancorp Inc IROQ 6,441 Common 4.00 +1.9 9 United Cmnty Bancorp Ind UCBA 5,443 Common 3.38 +3.1 10 Naugatuck Vy Finl Corp Md NVSL 5,119 Common 3.18 +5.6 11 Tf Finl Corp THRD 4,998 Common 3.11 +5.8 12 Anchor Bancorp Wa ANCB 4,720 Common 2.93 +2.1 13 Wolverine Bancorp Inc WBKC 4,675 Common 2.91 +1.4 14 Hamilton Bancorp Inc Md HBK 4,663 Common 2.90 -1.4 15 Poage Bankshares Inc PBSK 4,593 Common 2.86 +1.2 16 Waterstone Finl Inc Md WSBF 4,241 Common 2.64 New 17 Sound Finl Bancorp Inc SFBC 4,146 Common 2.58 -1.1 18 Fedfirst Finl Corp New FFCO 4,054 Common 2.52 -6.5 19 Colonial Finl Svcs Inc COBK 3,978 Common 2.47 -16.8 20 Jacksonville Bancorp Inc Md JXSB 3,138 Common 1.95 +6.8 21 Wayne Svgs Bancshares Inc Ne WAYN 3,068 Common 1.91 +5.0 22 Polonia Bancorp Inc Md PBCP 3,027 Common 1.88 -1.7 23 Sp Bancorp Inc SPBC 2,944 Common 1.83 +1.1 24 Westbury Bancorp Inc WBB 2,299 Common 1.43 +7.9 25 Georgetown Bancorp Inc Md GTWN 2,072 Common 1.29 -7.0 26 Fs Bancorp Inc FSBW 1,962 Common 1.22 -4.7 27 Hometrust Bancshares Inc HTBI 1,894 Common 1.18 -1.3 28 Oconee Fed Finl Corp OFED 1,876 Common 1.17 -1.4 29 Franklin Finl Corp Va FRNK 1,565 Common 0.97 +.9 30 Wellesley Bancorp Inc WEBK 1,433 Common 0.89 -2.3 31 Kingstone Cos Inc KINS 1,385 Common 0.86 -36.5 32 Home Fed Bancorp Inc HFBL 1,382 Common 0.86 +10.3 33 Citizens Cmnty Bancorp Inc Md CZWI 1,336 Common 0.83 +8.4 34 Jefferson Bancshares Inc Ten JFBI 1,201 Common 0.75 -59.2 35 Prudential Bancorp Inc New PBIP 1,075 Common 0.67 -50.4 36 Lake Shore Bancorp Inc LSBK 916 Common 0.57 +6.4 37 Cheviot Finl Corp New CHEV 826 Common 0.51 +.2 38 First Svgs Finl Group Inc FSFG 470 Common 0.29 +2.8 39 Msb Financial Corporation MSBF 441 Common 0.27 -.9 40 Essa Bancorp Inc ESSA 380 Common 0.24 -6.2 41 Psb Hldgs Inc PSBH 371 Common 0.23 +12.4 42 Wvs Finl Corp WVFC 352 Common 0.22 -5.6 43 Hampden Bancorp Inc HBNK 315 Common 0.20 -3.7 44 Oneida Finl Corp Md ONFC 307 Common 0.19 -3.2 45 Coastway Bancorp Inc CWAY 206 Common 0.13 New 46 Laporte Bancorp Inc Md LPSB 52 Common 0.03 -3.7 47 Magyar Bancorp Inc MGYR 35 Common 0.02 +6.1 48 Principal Finl Group Inc PFG 25 Common 0.02 -7.4 49 Metlife Inc MET 3 Common 0.00 +.0 50 Shore Bancshares Inc SHBI 3 Common 0.00 +.0
Sold Positions: CSBK, PEBK, ALLB, SMPL, WSBF New Positions: WSBF, CWAY
133 twitter @chensj Top Increases: PSBH, HFBL, CZWI Top Decreases: JFBI, PBIP, KINS Fund Background: Joseph Stilwell is an activist investor noted for investments in banks.
134 twitter @chensj SQ Advisors Total Value: $2,297,982,000 Positions: 13 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Wells Fargo & Co New WFC 269,164 Com 11.71 +23.5 2 Oracle Corp ORCL 263,718 Com 11.48 +17.1 3 Berkshire Hathaway Inc Del BRKB 258,406 Cl B New 11.24 +24.2 4 United Parcel Service Inc UPS 249,985 Cl B 10.88 +.0 5 Valeant Pharmaceuticals Intl VRX 212,826 Com 9.26 +9.3 6 Us Bancorp Del USB 192,349 Com New 8.37 +22.3 7 Schwab Charles Corp New SCHW 165,847 Com 7.22 -15.2 8 Crown Holdings Inc CCK 159,074 Com 6.92 +16.0 9 Brookfield Asset Mgmt Inc BAM 146,749 Cl A Ltd Vt Sh 6.39 +20.4 10 Te Connectivity Ltd TEL 128,117 Reg Shs 5.58 +8.3 11 Directv DTV 125,750 Com 5.47 +9.4 12 Moodys Corp MCO 119,815 Com 5.21 -24.0 13 Berkshire Hathaway Inc Del BRKA 6,182 Cl A 0.27 +65.5
Sold Positions: None New Positions: None Top Increases: BRKA, BRKB, WFC Top Decreases: MCO, SCHW Fund Background: Lou Simpson is a noted value investor who was a portfolio manager for 31 years at Berkshire Hathaway subsidiary GEICO. He stepped down in 2011 and started SQ Advisors. He was profiled in Bloomberg in 2011: http://www.bloomberg.com/news/2011- 01-21/buffett-stock-picker-simpson-opens-florida-firm-after-retiring-from-geico.html
135 twitter @chensj Cannell Capital Total Value: $280,128,000 Positions: 69 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Gtt Communications Inc GTT 32,164 Com 11.48 New 2 Build A Bear Workshop BBW 13,787 Com 4.92 +49.1 3 Global Eagle Entmt Inc ENT 12,871 Com 4.59 +18.6 4 North Amern Energy Partners NOA 11,908 Com 4.25 +31.3 5 Cavco Inds Inc Del CVCO 11,683 Com 4.17 +18.4 6 Valuevision Media Inc VVTV 11,327 Cl A 4.04 -26.4 7 Ziprealty Inc ZIPR 10,425 Com 3.72 +31.1 8 New York & Co Inc NWY 8,247 Com 2.94 +15.2 9 Telecommunication Sys Inc TSYS 7,885 Cl A 2.81 +7.9 10 Thestreet Inc TST 7,789 Com 2.78 +22.1 11 Intralinks Hldgs Inc IL 7,706 Com 2.75 -30.8 12 Covanta Holding Corp Cmn CVA 7,091 Com 2.53 +24.6 13 Points Intl Ltd PCOM 6,788 Com New 2.42 +1164.1 14 Sandridge Energy Inc SD 6,530 Com 2.33 +20.2 15 Lemaitre Vascular Inc LMAT 6,511 Com 2.32 +16.0 16 Hooper Holmes Inc HH 6,330 Com 2.26 +11.8 17 United Online Inc UNTD 6,319 Com New 2.26 New 18 Skilled Healthcare Group Inc SKH 6,178 Cl A 2.21 +219.1 19 Uranerz Energy Corp URZ 5,924 Com 2.11 +35.9 20 Vitesse Semiconductor Corp VTSS 5,900 Com New 2.11 +14.7 21 Blount Intl Inc New BLT 5,750 Com 2.05 +8.8 22 Callon Pete Co Del CPE 5,137 Com 1.83 New 23 Spark Networks Inc LOV 4,913 Com 1.75 +11.8 24 Pmfg Inc PMFG 4,835 Com 1.73 -4.5 25 Resolute Energy Corp REN 4,708 Com 1.68 -9.3 26 Biotelemetry Inc BEAT 4,564 Com 1.63 +168.5 27 Destination Xl Group Inc DXLG 4,549 Com 1.62 +26.7 28 Berkshire Hathaway Inc Del BRKA 3,934 Cl A 1.40 +5.3 29 Prgx Global Inc PRGX 3,903 Com New 1.39 -36.0 30 Speed Comm Inc SPDC 3,637 Com 1.30 -41.4 31 Acorn Energy Inc ACFN 3,499 Com 1.25 -16.7 32 Digirad Corp DRAD 2,735 Com 0.98 New 33 Av Homes Inc AVHI 2,687 Com 0.96 -28.4 34 Envivio Inc ENVI 2,651 Com 0.95 -7.6 35 Sears Hometown & Outlet Stor SHOS 2,573 Com 0.92 New 36 Demand Media Inc DMD 2,414 Com 0.86 New 37 Limoneira Co LMNR 2,406 Com 0.86 -14.7 38 Pulse Electronics Corp PULS 2,306 Com New 0.82 New 39 Blackberry Ltd BBRY 2,102 Com 0.75 New 40 Global Ship Lease Inc New GSL 1,703 Shs A 0.61 -22.4 41 Berkshire Hathaway Inc Del BRKB 1,453 Cl B 0.52 +5.4 42 Crown Media Hldgs Inc CRWN 1,238 Cl A 0.44 New 43 Solazyme Inc SZYM 1,155 Com 0.41 New 44 W P Carey Inc WPC 919 Com 0.33 -2.1 45 Hf2 Finl Mgmt Inc HTWO 675 Cl A 0.24 +32.4 46 Sws Group Inc SWS 659 Com 0.24 New 47 Forestar Group Inc FOR 627 Com 0.22 +10.6 48 Bsb Bancorp Inc Md BLMT 606 Com 0.22 +13.9 49 Fedfirst Finl Corp New FFCO 601 Com 0.21 +2.6 50 Selectica Inc SLTC 588 Com New 0.21 New 51 Oaktree Cap Group Llc OAK 562 Unit Cl A 0.20 -1.1 52 Maxlinear Inc MXL 562 Cl A 0.20 -28.1 53 Oppenheimer Hldgs Inc OPY 540 Cl A Non Vtg 0.19 -16.0 54 Brookfield Infrast Partners BIP 519 Lp Int Unit 0.19 +.6 55 Hospitality Pptys Tr HPT 515 Com Sh Ben Int 0.18 +6.2 56 Westfield Financial Inc New WFD 450 Com 0.16 -.2 136 twitter @chensj Cannell Capital Total Value: $280,128,000 Positions: 69 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Oneida Finl Corp Md ONFC 444 Com 0.16 -3.3 58 Eagle Bancorp Mont Inc EBMT 401 Com 0.14 +2.0 59 Usa Compression Partners Lp USAC 391 Comunit Ltdpar 0.14 -50.8 60 Retractable Technologies Inc RVP 378 Com 0.13 +23.1 61 Jacksonville Bancorp Inc Md JXSB 373 Com 0.13 +9.7 62 Essa Bancorp Inc ESSA 352 Com 0.13 -5.9 63 San Juan Basin Rty Tr SJT 350 Unit Ben Int 0.12 +5.4 64 Crumbs Bake Shop Inc CRMB 305 Com 0.11 -57.8 65 Zions Bancorporation ZIONZ 282 *w Exp 11/14/201 0.10 New 66 Two Hbrs Invt Corp TWO 267 Com 0.10 +10.8 67 Geeknet Inc GKNT 230 Com New 0.08 New 68 General Moly Inc GMO 173 Com 0.06 -91.0 69 Ship Finance International L SFL 144 Shs A 0.05 +9.9
Sold Positions: USCR, TROX, IEP, MOCO, GTT, ADNC, AFCE, IDSY, MVC, Pulse Electronics Corp - NOTE 7.000%12/1 New Positions: GTT, UNTD, CPE, DRAD, SHOS, DMD, PULS, BBRY, CRWN, SZYM, SWS, SLTC, ZIONZ, GKNT Top Increases: PCOM, SKH, BEAT Top Decreases: GMO, CRMB, USAC Fund Background: J. Carlo Cannell started Cannell Capital in 1992 with $600,000 as a sole partnership. Starting in 2004, he has returned $488 million back to investors over a period of several years. Cannell is a graduate of Princeton and is a third generation investment manager.
137 twitter @chensj Lane Five Capital Management Total Value: $79,003,000 Positions: 22 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Markel Corp MKL 7,188 Common 9.10 +1.5 2 Intralinks Holdings, Inc. IL 6,687 Common 8.46 -17.1 3 Reald Inc. RLD 6,007 Common 7.60 +177.7 4 Quicksilver Inc. ZQK 5,255 Common 6.65 -16.1 5 Atlas Financial Holdings Inc. AFH 4,720 Common 5.97 -10.6 6 Ambassadors Group Inc. EPAX 4,518 Common 5.72 -18.3 7 American International Group AIG 4,492 Common 5.69 -2.3 8 Bed, Bath & Beyond Inc. BBBY 4,342 Common 5.50 +61.7 9 Directv 4,126 Common 5.22 +9.6 10 Viacom Inc. - Class B VIAB 3,652 Common 4.62 -3.0 11 National American University Holdings NAUH 3,255 Common 4.12 +21.0 12 Ebay Inc. EBAY 3,234 Common 4.09 +.6 13 Apple Computer Inc. AAPL 3,221 Common 4.08 -4.3 14 Carpetright Plc 2,607 Foreign 3.30 +17.8 15 News Corp / New Class A NWSA 2,555 Common 3.23 -5.5 16 Corinthian Colleges Inc. COCO 2,523 Common 3.19 -23.0 17 American Public Education, Inc. APEI 2,228 Common 2.82 -19.7 18 Mastercard Inc. MA 2,218 Common 2.81 -12.4 19 Capitol Fed Financing Inc. CFFN 1,853 Common 2.35 +2.7 20 Learning Tree International Inc. LTRE 1,572 Common 1.99 +3.5 21 Berkshire Hills Bancorp Inc BHLB 1,427 Common 1.81 -7.0 22 Body Central Corp BODY 1,323 Common 1.67 -55.1
Sold Positions: None New Positions: None Top Increases: RLD, BBBY, NAUH Top Decreases: BODY, COCO, APEI Fund Background: Lisa Rapuano is the Founder of Lane Five Capital Management. Rapuano was Co-Chief Investment Officer of Matador Capital Management Corp. Ms. Rapuano spent over ten years at Legg Mason Capital Management. She served as the Director of Research and Manager of Legg Mason Special Investment Trust.
138 twitter @chensj Akanthos Capital Management Total Value: $26,888,000 Positions: 19 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Cubist Pharmaceuticals Inc CBST 3,694 Com 13.74 New 2 Sandridge Energy Inc SD 3,684 Com 13.70 +21.4 3 Career Education Corp CECO 3,282 Com 12.21 +4.7 4 Radioshack Corp RSH 2,319 Com 8.62 -.9 5 Volcano Corporation VOLC 1,801 Com 6.70 +20.3 6 Doubleline Income Solutions DSL 1,591 Com 5.92 +50.8 7 Lam Research Corp LRCX 1,590 Com 5.91 +34.0 8 Pimco Dynamic Cr Income Fd PCI 1,130 Com Shs 4.20 +101.1 9 Str Hldgs Inc STRI 1,034 Com 3.85 +1.3 10 Nuveen Quality Income Mun Fd NQU 997 Com 3.71 +62.6 11 American Apparel Inc APP 939 Com 3.49 -28.5 12 Blackrock Munihldngs Cali Ql MUC 849 Com 3.16 +28.4 13 Nuveen Ca Div Adv Muni Fd 3 NZH 794 Com Sh Ben Int 2.95 +7.0 14 Blackrock Corpor Hi Yld Fd V HYT 751 Com 2.79 +.8 15 American Rlty Cap Pptys Inc ARCP 701 Com 2.61 New 16 Putnam Managed Mun Incom Tr PMM 696 Com 2.59 +4.8 17 Eaton Vance Calif Mun Bd Fd EVM 543 Com 2.02 +6.3 18 Spdr Gold Trust GLD 338 Gold Shs 1.26 -25.7 19 Sanofi GCVRZ 155 Right 12/31/2020 0.58 -8.8
Sold Positions: TWO, GMWSB, VTA, VVUS, TCPC, Solarfun Power Holdings Co L - NOTE 3.500% 1/1 New Positions: CBST, ARCP Top Increases: PCI, NQU, DSL Top Decreases: APP, GLD, GCVRZ Fund Background: Michael Kao founded Akanthos Capital in 2002 after running the relative value/event-driven business at Canyon Partners from 1997 to 2002. Akanthos specializes in a capital structure long/short strategy with an event-bias.
139 twitter @chensj PL Capital Advisers Total Value: $196,299,000 Positions: 53 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Enterprise Financial Services Corp EFSC 19,200 Common 9.78 -1.4 2 Metro Bancorp Inc METR 18,043 Common 9.19 +34.4 3 Bankfinancial Corp BFIN 14,028 Common 7.15 +12.3 4 Horizon Bancorp/in HBNC 11,959 Common 6.09 +1.5 5 First Merchants Corp FRME 11,762 Common 5.99 -14.8 6 Intervest Bancshares Corp IBCA 11,667 Common 5.94 +.2 7 Mutualfirst Financial Inc MFSF 11,212 Common 5.71 +10.9 8 Orrstown Financial Services Inc ORRF 7,558 Common 3.85 +.8 9 Hf Financial Corp HFFC 7,429 Common 3.78 +3.2 10 Malvern Federal Bancorp Inc MLVF 6,526 Common 3.32 -6.9 11 Alliance Bancorp Inc Of Pennsylvania ALLB 5,826 Common 2.97 -11.8 12 Old Point Financial Corp OPOF 4,551 Common 2.32 +31.6 13 Citigroup Inc C 4,525 Common 2.31 -8.7 14 Magyar Bancorp Inc MGYR 4,431 Common 2.26 +9.9 15 Charter Financial Corp/ga CHFN 4,086 Common 2.08 +.4 16 Ameriana Bancorp ASBI 4,023 Common 2.05 +2.5 17 Fox Chase Bancorp Inc FXCB 3,500 Common 1.78 -31.7 18 Capital One Financial Corp COFWS 3,493 *w Exp 11/14/201 1.78 -.2 19 Hopfed Bancorp Inc HFBC 3,401 Common 1.73 +2.5 20 Jpmorgan Chase & Co JPM 3,370 Common 1.72 -5.2 21 Msb Financial Corp MSBF 3,365 Common 1.71 +.2 22 Polonia Bancorp PBCP 2,754 Common 1.40 -20.8 23 Investors Bancorp Inc ISBC 2,605 Common 1.33 +8.0 24 Westbury Bancorp Inc WBB 2,270 Common 1.16 New 25 Jpmorgan Chase & Co JPMWS 2,232 *w Exp 10/28/201 1.14 +4.2 26 First Business Financial Services Inc FBIZ 1,840 Common 0.94 +25.3 27 Pnc Financial Services Group Inc PNCWS 1,500 *w Exp 12/31/201 0.76 +33.0 28 Eagle Bancorp Montana Inc EBMT 1,338 Common 0.68 -2.2 29 Standard Financial Corp STND 1,256 Common 0.64 -.2 30 Prudential Bancorp Inc. PBIP 1,243 Common 0.63 -1.3 31 Community Financial Corp/md TCFC 1,105 Common 0.56 +2.6 32 Northeast Community Bancorp Inc NECB 1,090 Common 0.56 -2.8 33 Bank Of America Corp BAC 1,084 Common 0.55 -7.2 34 Codorus Valley Bancorp Inc CVLY 952 Common 0.48 +1.2 35 Tf Financial Corp THRD 943 Common 0.48 +6.0 36 Naugatuck Valley Financial Corp NVSL 935 Common 0.48 +1.5 37 Sussex Bancorp SBBX 893 Common 0.45 +10.9 38 Bcb Bancorp Inc BCBP 842 Common 0.43 +133.9 39 Mid Penn Bancorp Inc MPB 835 Common 0.43 +3.3 40 Capital One Financial Corp COF 796 Common 0.41 -28.4 41 Fnb Corp/pa FNB 691 Common 0.35 New 42 Bsb Bancorp Inc/ma BLMT 591 Common 0.30 -62.2 43 First Niagara Financial Group Inc FNFG 561 Common 0.29 -33.0 44 Beneficial Mutual Bancorp Inc BNCL 528 Common 0.27 +20.8 45 Colonial Financial Services Inc COBK 497 Common 0.25 -30.0 46 Wells Fargo & Co WFC 482 Common 0.25 -33.6 47 Cheviot Financial Corp CHEV 464 Common 0.24 +90.9 48 Poage Bankshares Inc PBSK 435 Common 0.22 +1.4 49 Oneida Financial Corp ONFC 386 Common 0.20 -6.3 50 Anworth Mortgage Asset Corp ANH 345 Common 0.18 -68.3 51 Proshares Ultrashort 20+ Year Treasury TBT 338 Pshs Ultsh 20yrs 0.17 -14.6 52 Coastway Bancorp Inc. CWAY 303 Common 0.15 New 53 Wintrust Financial Corp WTFCW 210 *w Exp 12/19/201 0.11 New
Sold Positions:
140 twitter @chensj HBAN, LSBI, OLBK, BCSB, NFBK, BRKL, KEY, PNC, CMAWS New Positions: WBB, FNB, CWAY, WTFCW Top Increases: BCBP, CHEV, METR Top Decreases: ANH, BLMT, WFC Fund Background: John Palmer is the principal and co-founder of Naperville-based PL Capital. PL Capital specializes in investing in small and midsized banks and then agitating for changes like management overhauls or sales.
141 twitter @chensj Second Curve Capital Total Value: $430,198,000 Positions: 25 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Newstar Financial Inc NEWS 68,482 Com 15.92 -22.0 2 Bank Of America Corporation BACWS 55,384 *w Exp 01/16/201 12.87 -3.4 A 3 Bancorp Inc Del TBBK 47,685 Com 11.08 -3.6 4 Lyon William Homes WLH 36,252 Com 8.43 +27.8 5 Ocwen Finl Corp OCN 29,213 Com 6.79 -.9 6 Regional Mgmt Corp RM 26,780 Com 6.23 -16.9 7 Tree Com Inc TREE 22,532 Com 5.24 -26.8 8 Ofg Bancorp OFG 20,766 Com 4.83 +4.8 9 Citigroup Inc C 15,292 Com 3.55 +6.2 10 Seacoast Bkg Corp Fla SBCF 15,275 Com 3.55 New 11 Beazer Homes Usa Inc BZH 14,214 Com 3.30 +30.8 12 Meta Finl Group Inc CASH 14,177 Com 3.30 +134.4 13 First Bancorp P R FBP 9,493 Com 2.21 -2.0 14 Springleaf Hldgs Inc LEAF 8,048 Com 1.87 +6.1 15 Consumer Portfolio Svcs Inc CPSS 7,343 Com 1.71 -3.4 16 First Marblehead Corp FMD 6,784 Com 1.58 New 17 Altisource Residential Corp RESI 6,501 Com 1.51 +47.9 18 Zions Bancorporation ZIONW 5,160 *w Exp 05/22/202 1.20 +4.5 19 First Acceptance Corp FAC 5,065 Com 1.18 +62.0 20 Svb Finl Group SIVB 4,507 Com 1.05 -28.4 21 First Sec Group Inc FSGI 3,650 Com 0.85 -9.6 22 Jpmorgan Chase & Co JPMWS 3,535 *w Exp 10/28/201 0.82 New 23 First Utd Corp FUNC 2,136 Com 0.50 +1.9 24 Meritage Homes Corp MTH 1,256 Com 0.29 New 25 Bank Of America Corporation BACWS 668 *w Exp 10/28/201 0.16 +17.0 B
Sold Positions: GNW, SBCF, PRAA, SNBC, EVER, EVTC, CCBG, FMD New Positions: SBCF, FMD, JPMWS, MTH Top Increases: CASH, FAC, RESI Top Decreases: SIVB, TREE, NEWS Fund Background: Tom Brown is a noted analyst of financial services stocks. He formed Second Curve in 2000. He was previously with Smith Barney and DLJ.
142 twitter @chensj Forest Hill Capital Total Value: $1,000,085,000 Positions: 61 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Pnc Finl Svcs Group Inc PNC 50,151 Com 5.01 New 2 Regions Finl Corp New RF 45,514 Com 4.55 -1.4 3 Sandy Spring Bancorp Inc SASR 44,797 Com 4.48 -6.0 4 Umb Finl Corp UMBF 43,505 Com 4.35 +.7 5 Columbia Bkg Sys Inc COLB 42,807 Com 4.28 +3.7 6 Iberiabank Corp IBKC 42,624 Com 4.26 +1.0 7 Comerica Inc CMA 41,617 Com 4.16 +2.6 8 Banner Corp BANR 41,519 Com New 4.15 +8.4 9 First Finl Hldgs Inc New SCBT 40,511 Com 4.05 -20.5 10 Eagle Bancorp Inc Md EGBN 37,360 Com 3.74 +14.5 11 Hancock Hldg Co HBHC 36,583 Com 3.66 +.4 12 Bankunited Inc BKU 34,038 Com 3.40 -14.8 13 Bancorpsouth Inc BXS 33,621 Com 3.36 -17.2 14 Sterling Finl Corp Wash STSA 31,455 Com New 3.15 -2.2 15 National Bk Hldgs Corp NBHC 30,721 Cl A 3.07 +1157.0 16 Suntrust Bks Inc STI 29,197 Com 2.92 -32.7 17 Union First Mkt Banksh Cp UBSH 28,526 Com 2.85 New 18 Old Natl Bancorp Ind ONB 26,376 Com 2.64 -36.4 19 Cardinal Finl Corp CFNL 25,830 Com 2.58 -29.0 20 Home Bancshares Inc HOMB 24,921 Com 2.49 +3.8 21 Centerstate Banks Inc CSFL 24,832 Com 2.48 +7.6 22 Glacier Bancorp Inc New GBCI 24,661 Com 2.47 -2.4 23 Washington Bkg Co Oak Hbr Wa WBCO 23,918 Com 2.39 -9.1 24 Bancfirst Corp BANF 17,428 Com 1.74 +.6 25 Heritage Finl Corp Wash HFWA 16,942 Com 1.69 -11.8 26 State Bk Finl Corp STBZ 16,539 Com 1.65 +15.8 27 1st United Bancorp Inc Fla FUBC 16,413 Com 1.64 -6.1 28 First Conn Bancorp Inc Md FBNK 16,049 Com 1.60 -5.9 29 Fidelity Southern Corp New LION 13,420 Com 1.34 +4.6 30 Tristate Cap Hldgs Inc TSC 13,008 Com 1.30 +51.2 31 First Sec Group Inc FSGI 9,170 Com New 0.92 -9.6 32 Pinnacle Finl Partners Inc PNFP 8,582 Com 0.86 -19.8 33 Midsouth Bancorp Inc MSL 7,871 Com 0.79 -5.8 34 Name 6,030 Com 0.60 New 35 Knowles Corp KN 5,709 Com 0.57 New 36 Suncor Energy Inc New SU 5,308 Com 0.53 +1.1 37 Macquarie Infrastr Co Llc MIC 4,810 Membership Int 0.48 +7.8 38 Tronox Ltd TROX 3,920 Shs Cl A 0.39 +3.0 39 Susser Pete Partners Lp SUSP 3,556 Com U Rep Lp 0.36 +6.2 40 Pinnacle Foods Inc Del PF 3,298 Com 0.33 -10.8 41 Denbury Res Inc DNR 3,222 Com New 0.32 +292.0 42 Libbey Inc LBY 2,747 Com 0.27 +64.5 43 Johnson & Johnson JNJ 2,048 Com 0.20 +7.2 44 Procter & Gamble Co PG 1,899 Com 0.19 -1.0 45 Team Inc TISI 1,680 Com 0.17 +1.2 46 Callaway Golf Co ELY 1,635 Com 0.16 New 47 Waste Mgmt Inc Del WM 1,600 Com 0.16 -6.2 48 Infinity Ppty & Cas Corp IPCC 1,561 Com 0.16 New 49 Shoe Carnival Inc SCVL 1,555 Com 0.16 New 50 United Parcel Service Inc UPS 1,372 Cl B 0.14 -7.4 51 General Mls Inc GIS 1,339 Com 0.13 +3.8 52 Plum Creek Timber Co Inc PCL 1,095 Com 0.11 -9.6 53 Powershares Etf Trust PID 1,003 Intl Div Achv 0.10 -1.0 54 Ishares DVY 917 Select Divid Etf 0.09 +2.8 55 United Cmnty Bancorp Ind UCBA 842 Com 0.08 +5.6 56 Ishares EFA 604 Msci Eafe Etf 0.06 +.0 143 twitter @chensj Forest Hill Capital Total Value: $1,000,085,000 Positions: 61 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Clicksoftware Technologies L CKSW 603 Ord 0.06 New 58 Gencorp Inc GY 450 Com 0.04 -83.2 59 Fidelity National Financial FNF 342 Cl A 0.03 -3.1 60 Vanguard World Fds VGT 220 Inf Tech Etf 0.02 +2.3 61 Tortoise Mlp Fd Inc NTG 214 Com 0.02 -34.8
Sold Positions: RRMS, MDR, STEL New Positions: PNC, UBSH, Name, KN, ELY, IPCC, SCVL, CKSW Top Increases: NBHC, DNR, LBY Top Decreases: GY, ONB, NTG Fund Background: Forest Hill Capital is a financial investment advisory firm headquartered in Little Rock.
144 twitter @chensj EJF Capital Total Value: $1,672,177,000 Positions: 132 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 American Homes 4 Rent AMH 205,654 Cl A 12.30 +8.4 2 Colony Finl Inc CLNY 191,154 Com 11.43 +119.5 3 Starwood Ppty Tr Inc STWD 122,571 Com 7.33 +2.0 4 Phh Corp PHH 108,163 Com New 6.47 -10.5 5 Encore Cap Group Inc ECPG 84,872 Com 5.08 +173.7 6 American Cap Ltd ACAS 56,358 Com 3.37 +323.9 7 Home Ln Servicing Solutions HLSS 55,735 Ord Shs 3.33 New 8 First Bancorp P R FBP 54,672 Com New 3.27 -12.1 9 Arbor Rlty Tr Inc ABR 28,913 Com 1.73 -1.7 10 Resource Cap Corp RSO 27,638 Com 1.65 -48.6 11 Royal Bk Scotland Group Plc RBSPR 25,741 Adr Pref Shs Q 1.54 +11.2 Q 12 Regional Mgmt Corp RM 25,035 Com 1.50 -13.2 13 Silver Bay Rlty Tr Corp SBY 23,280 Com 1.39 -55.0 14 Tfs Finl Corp TFSL 18,992 Com 1.14 +2.6 15 Colony Finl Inc 18,602 Note 3.875% 1/1 1.11 New 16 Citigroup Inc C 17,850 Com New 1.07 +14.2 17 Bank New York Mellon Corp BK 17,645 Com 1.06 New 18 Cit Group Inc CIT 17,157 Com New 1.03 +64.6 19 Royal Bk Scotland Group Plc RBSPRR 16,344 Adr Pref Shs R 0.98 +13.2 20 Synovus Finl Corp SNV 15,629 Com 0.93 +1.0 21 Investors Bancorp Inc ISBC 15,359 Com 0.92 +9.5 22 Central Pac Finl Corp CPF 15,267 Com New 0.91 -51.0 23 Beneficial Mutual Bancorp In BNCL 15,257 Com 0.91 +20.8 24 Air Lease Corp AL 14,916 Cl A 0.89 New 25 Consumer Portfolio Svcs Inc CPSS 14,628 Com 0.87 -27.2 26 Meridian Interstat Bancorp I EBSB 14,259 Com 0.85 +13.2 27 Kearny Finl Corp KRNY 13,582 Com 0.81 +27.1 28 Royal Bk Scotland Group Plc RBSPRN 13,517 Adr Pref Ser N 0.81 +10.4 29 Genworth Finl Inc GNW 13,298 Com Cl A 0.80 New 30 Independent Bank Corp Mich IBCP 13,281 Com New 0.79 +8.2 31 Hometrust Bancshares Inc HTBI 13,253 Com 0.79 -1.3 32 Connectone Bancorp Inc CNOB 11,901 Com 0.71 +23.5 33 Charter Finl Corp Md CHFN 11,665 Com 0.70 +.4 34 Royal Bk Scotland Group Plc RBSPRP 11,492 Adr Pfd Ser P 0.69 +14.8 35 Rockville Finl Inc New RCKB 10,872 Com 0.65 +6.4 36 Apollo Global Mgmt Llc APO 10,653 Cl A Shs 0.64 +22.4 37 Banner Corp BANR 10,458 Com New 0.63 +31.0 38 Radian Group Inc RDN 10,145 Com 0.61 -15.5 39 Suffolk Bancorp SUBK 9,995 Com 0.60 +7.2 40 Sunedison Inc SUNE 9,994 Com 0.60 +1551.9 41 Barclays Plc BCS 9,495 Adr 0.57 New 42 Carlyle Group L P CG 9,488 Com Uts Ltd Ptn 0.57 New 43 United Cmnty Finl Corp Ohio UCFC 9,466 Com 0.57 +9.8 44 Morgan Stanley MS 9,351 Com New 0.56 -25.5 45 Vantagesouth Bancshares Inc VSB 8,837 Com 0.53 +32.5 46 Fidelity Southern Corp New LION 8,754 Com 0.52 -15.6 47 Si Finl Group Inc Md SIFI 8,719 Com 0.52 +1.4 48 Clifton Svgs Bancorp Inc CSBK 8,161 Com 0.49 -6.5 49 Heritage Finl Group Inc HBOS 7,474 Com 0.45 +2.1 50 Waterstone Finl Inc Md WSBF 7,041 Com 0.42 New 51 National Gen Hldgs Corp NGHC 7,000 Com 0.42 New 52 Bankunited Inc BKU 6,954 Com 0.42 -29.6 53 Territorial Bancorp Inc TBNK 6,929 Com 0.41 -11.0 54 First Sec Group Inc FSGI 6,880 Com New 0.41 -31.9 55 Omniamerican Bancorp Inc OABC 6,837 Com 0.41 +6.6 145 twitter @chensj EJF Capital Total Value: $1,672,177,000 Positions: 132 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 56 Preferred Apt Cmntys Inc APTS 6,711 Com 0.40 +.2 57 Cape Bancorp Inc CBNJ 6,600 Com 0.39 -11.5 58 Southern First Bancshares In SFST 6,588 Com 0.39 New 59 First Ctzns Banc Corp FCZAP 6,585 6.50% Pfd Ser B 0.39 New 60 Prudential Bancorp Inc New PBIP 5,964 Com 0.36 +20.2 61 Seacoast Bkg Corp Fla SBCF 5,500 Com New 0.33 -9.8 62 Kinder Morgan Inc Del KMIWS 5,198 *w Exp 05/25/201 0.31 New 63 Cabot Oil & Gas Corp COG 4,743 Com 0.28 New 64 Community Finl Corp Md TCFC 4,715 Com 0.28 +1.4 65 Community Bankers Tr Corp ESXB 4,261 Com 0.25 +6.9 66 Yy Inc YY 4,215 Ads Repcom Cla 0.25 +125.4 67 Standard Pac Corp New SPF 4,155 Com 0.25 New 68 Hertz Global Holdings Inc HTZ 3,996 Com 0.24 New 69 Lennar Corp LEN 3,962 Cl A 0.24 New 70 First Marblehead Corp FMD 3,754 Com New 0.22 -26.3 71 Sws Group Inc SWS 3,740 Com 0.22 New 72 Newbridge Bancorp NBBC 3,655 Cl A No Par 0.22 -3.8 73 Eastern Va Bankshares Inc EVBS 3,237 Com 0.19 -7.9 74 Talmer Bancorp Inc TLMR 3,072 Com 0.18 New 75 Qihoo 360 Technology Co Ltd QIHU 2,987 Ads 0.18 +263.8 76 Vipshop Hldgs Ltd VIPS 2,986 Sponsored Adr 0.18 New 77 Guaranty Fed Bancshares Inc GFED 2,961 Com 0.18 New 78 Sky-mobi Ltd MOBI 2,728 Sponsored Ads 0.16 New 79 58 Com Inc WUBA 2,706 Spon Adr Rep A 0.16 +41.2 80 Northstar Realty Fin Corp NRF 2,639 Com 0.16 -50.1 81 Peapack-gladstone Finl Corp PGC 2,588 Com 0.15 +15.2 82 Yahoo Inc YHOO 2,502 Com 0.15 -11.2 83 Slm Corp SLM 2,448 Com 0.15 -76.7 84 Perfect World Co Ltd PWRD 2,285 Spon Adr Rep B 0.14 +16.3 85 Hamilton Bancorp Inc Md HBK 2,202 Com 0.13 -1.3 86 Soufun Hldgs Ltd SFUN 2,053 Adr 0.12 -16.9 87 Cvr Refng Lp CVRR 1,979 Comunit Rep Lt 0.12 +9.3 88 Northern Tier Energy Lp NTI 1,929 Com Un Repr Part 0.12 +12.0 89 Intervest Bancshares Corp IBCA 1,788 Com 0.11 +117.3 90 First Bancshares Inc Ms FBMS 1,768 Com 0.11 +3.4 91 Rentech Inc RTK 1,681 Com 0.10 +15.1 92 Las Vegas Sands Corp LVS 1,616 Com 0.10 +2.5 93 Baidu Inc BIDU 1,523 Spon Adr Rep A 0.09 New 94 Timberland Bancorp Inc TSBK 1,499 Com 0.09 +10.9 95 Yongye Intl Inc YONG 1,472 Com 0.09 +6.4 96 Cheniere Energy Inc LNG 1,456 Com New 0.09 +28.4 97 Ellington Financial Llc EFC 1,429 Com 0.09 -28.1 98 Suncoke Energy Partners L P SXCP 1,337 Comunit Rep Lt 0.08 -1.3 99 Sound Finl Bancorp Inc SFBC 1,298 Com 0.08 +2.4 100 Peoples Bancorp N C Inc PEBK 1,250 Com 0.07 New 101 Murphy Usa Inc MUSA 1,218 Com 0.07 -2.3 102 Cheniere Energy Partners Lp CQP 1,200 Com Unit 0.07 +4.7 103 Lennar Corp LENB 1,159 Cl B 0.07 +12.7 104 Hollysys Automation Technolo HOLI 1,077 Shs 0.06 New 105 Orrstown Finl Svcs Inc ORRF 997 Com 0.06 +5.2 106 Felcor Lodging Tr Inc FCHPRA 994 Pfd Cv A $1.95 0.06 -34.9 107 Isoftstone Hldgs Ltd ISS 984 Sponsored Ads 0.06 -1.1 108 Central Fed Corp CFBK 930 Com New 0.06 +16.4 109 Sonus Networks Inc SONS 910 Com 0.05 New 110 Ford Mtr Co Del F 858 Com Par $0.01 0.05 New 111 Loral Space & Communicatns I LORL 849 Com 0.05 -12.7 146 twitter @chensj EJF Capital Total Value: $1,672,177,000 Positions: 132 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 112 Youku Tudou Inc YOKU 822 Sponsored Adr 0.05 New 113 Oil Sts Intl Inc OIS 789 Com 0.05 New 114 Summit Hotel Pptys INN 742 Com 0.04 -14.1 115 Chesapeake Lodging Tr CHSP 720 Sh Ben Int 0.04 New 116 Ashford Hospitality Tr Inc AHT 676 Com Shs 0.04 +482.8 117 Markwest Energy Partners L P MWE 653 Unit Ltd Partn 0.04 New 118 First Cmnty Corp S C FCCO 638 Com 0.04 +22.7 119 Bona Film Group Ltd BONA 627 Sponsored Ads 0.04 New 120 Ares Cap Corp ARCC 617 Com 0.04 -82.6 121 Noah Hldgs Ltd NOAH 613 Sponsored Ads 0.04 -19.9 122 Helen Of Troy Corp Ltd HELE 519 Com 0.03 New 123 Morgan Stanley Em Mkts Dm De EDD 499 Com 0.03 New 124 American Rlty Cap Pptys Inc ARCP 435 Com 0.03 New 125 Exact Sciences Corp EXAS 425 Com 0.03 New 126 Essex Ppty Tr Inc ESS 340 Com 0.02 New 127 Splunk Inc SPLK 286 Com 0.02 New 128 Valero Energy Partners Lp VLP 207 Com Unt Rep Lp 0.01 -80.0 129 Le Gaga Hldgs Ltd GAGA 183 Sponsored Adr 0.01 +13.0 130 Taylor Morrison Home Corp TMHC 176 Cl A 0.01 New 131 Vestin Realty Mortgage I Inc VRTA 85 Com 0.01 -11.5 132 Fieldpoint Petroleum Corp FPPWS 5 *w Exp 03/23/201 0.00 +66.7
Sold Positions: ARPI, NCT, CROX, BPOP, SPG, VLO, SWN, CYD, NUE, FITB, MDR, WNRL, ARI, STI, WPX, PACT, GA, YDKN, WBAI, PXD, RJET, SPN, EJ, NOV, OXY, VRTB, ATHM, ADC, JPM, BALT, Starwood Ppty Tr Inc - NOTE 4.000% 1/1, MCBI, FENG, TWO, RF, AIG, WPT, HFC, XLE, BAC, KMI, MBI, ITUB, NFBK, MET, GTAT, LEAF, IMH, ARCX, KEY, EDU, DF, FSLR New Positions: HLSS, Colony Finl Inc - NOTE 3.875% 1/1, BK, AL, GNW, BCS, CG, WSBF, NGHC, SFST, FCZAP, KMIWS, COG, SPF, HTZ, LEN, SWS, TLMR, VIPS, GFED, MOBI, BIDU, PEBK, HOLI, SONS, F, YOKU, OIS, CHSP, MWE, BONA, HELE, EDD, ARCP, EXAS, ESS, SPLK, TMHC Top Increases: SUNE, AHT, ACAS Top Decreases: ARCC, VLP, SLM Fund Background: EJF Capital was founded in 2005 and has more than $4 billion under management. Emmanuel Freidman was one founder of Freidman Billings Ramsey, a broker-dealer and asset manager. Friedman partnered with the former head of Friedman Billings' alternative-investment and wealth-management divisions, Neal Wilson, to start EJF.
147 twitter @chensj Arbiter Partners Total Value: $893,711,000 Positions: 103 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Tesla Motors Inc TSLA 72,958 Com 8.16 New 2 Devon Energy Corp DVN 59,453 Com 6.65 +9.4 3 Express Scripts Holding Co ESRX 52,938 Com 5.92 -6.0 4 Equinix Inc EQIX 52,180 Com 5.84 +40.5 5 Greif Inc GEFB 49,628 Com 5.55 +38.0 6 Citigroup Inc C 43,173 Com 4.83 +65.7 7 Capital Senior Living Corp CSU 41,977 Com 4.70 +11.6 8 Exxon Mobil Corp XOM 36,044 Com 4.03 -1.9 9 Assured Guaranty Ltd AGO 35,771 Com 4.00 +17.0 10 Xerox Corp XRX 35,602 Com 3.98 -3.9 11 Netflix Inc NFLX 34,781 Com 3.89 New 12 Hartford Financial Services Gr HIG 34,543 Com 3.87 +51.5 13 Liberty Interactive Corp LINTA 22,770 Com 2.55 +30.5 14 Forest City Enterprises B FCEA 18,416 Com 2.06 +8.5 15 Ambac Financial Group Inc AMBC 17,161 Com 1.92 -9.3 16 Proshares Short Vix Short-term SVXY 16,868 Com 1.89 +27.0 17 Capital One Financial Corp COF 15,043 Com 1.68 +7.3 18 Texas Pacific Land Trust TPL 14,840 Com 1.66 +111.9 19 Cowen Group Inc COWN 14,511 Com 1.62 +23.0 20 National Western Life Insuranc NWLI 14,322 Com 1.60 +18.3 21 Athenahealth Inc ATHN 13,268 Com 1.48 New 22 Apache Corp APA 11,614 Com 1.30 -3.5 23 Groupon Inc GRPN 10,462 Com 1.17 -33.4 24 Dow Chemical Co/the DOW 9,718 Com 1.09 New 25 Mtr Gaming Group Inc MNTG 8,712 Com 0.97 +.0 26 Anadarko Petroleum Corp APC 8,476 Com 0.95 +6.9 27 American Realty Capital Proper ARCP 8,450 Com 0.95 New 28 Symantec Corp SYMC 7,988 Com 0.89 New 29 General Electric Co GE 7,768 Com 0.87 New 30 Ishares Iboxx $ High Yield Cor HYG 7,193 Com 0.80 New 31 Micron Technology Inc MU 7,098 Com 0.79 +8.8 32 Loral Space & Communications I LORL 6,762 Com 0.76 +913.8 33 Newmont Mining Corp NEM 6,474 Com 0.72 -23.3 34 Lennar Corp B LENB 6,263 Com 0.70 -2.6 35 Western Union Co/the WU 5,726 Com 0.64 +32.8 36 Ingersoll-rand Plc IR 5,724 Com 0.64 New 37 Salesforce.com Inc CRM 5,709 Com 0.64 New 38 Sears Holdings Corp SHLD 5,031 Com 0.56 New 39 Clear Channel Outdoor Holdings CCO 5,017 Com 0.56 -5.0 40 Wpx Energy Inc WPX 4,688 Com 0.52 +.4 41 Amkor Technology Inc AMKR 4,443 Com 0.50 +45.6 42 Powershares Buyback Achievers PKW 4,352 Com 0.49 New 43 Intelsat Sa I 3,714 Com 0.42 New 44 Sealed Air Corp SEE 3,637 Com 0.41 -21.4 45 Goldman Sachs Group Inc/the GS 3,441 Com 0.39 -11.8 46 Atlantic Coast Financial Corp ACFC 3,368 Com 0.38 +3.7 47 Intervest Bancshares Corp IBCA 2,716 Com 0.30 +4.2 48 Lake Shore Bancorp Inc LSBK 2,378 Com 0.27 +1.7 49 Herbalife Ltd HLF 2,004 Com 0.22 New 50 Oppenheimer Holdings Inc OPY 1,952 Com 0.22 +13.2 51 Powersecure International Inc POWR 1,678 Com 0.19 +65.2 52 Stonegate Mortgage Corp SGM 1,651 Com 0.18 -10.1 53 Charter Financial Corp/md CHFN 1,623 Com 0.18 +.4 54 Wright Medical Group Inc WMGIZ 1,523 Com 0.17 +257.5 55 Leapfrog Enterprises Inc LF 1,500 Com 0.17 +88.9 56 Public Storage PSA 1,062 Com 0.12 New 148 twitter @chensj Arbiter Partners Total Value: $893,711,000 Positions: 103 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Liberty Ventures LVNTA 932 Com 0.10 -50.6 58 Rosetta Resources Inc ROSE 838 Com 0.09 -3.1 59 Apollo Global Management Llc APO 795 Com 0.09 +.6 60 Oconee Federal Financial Corp OFED 732 Com 0.08 +105.0 61 Emeritus Corp ESC 698 Com 0.08 -23.5 62 Blackstone Group Lp BX 665 Com 0.07 +5.6 63 Tivo Inc TIVO 662 Com 0.07 +.9 64 Independent Bank Corp/mi IBCP 662 Com 0.07 +8.2 65 Limoneira Co LMNR 628 Com 0.07 -13.0 66 Ambac Financial Group-cw23 AMBCW 596 Wts 0.07 +36.7 67 Microsoft Corp MSFT 574 Com 0.06 -41.0 68 Asb Bancorp Inc ASBB 573 Com 0.06 +4.2 69 Ipath S&p 500 Vix Short-term F VXX 561 Com 0.06 New 70 Kentucky First Federal Bancorp KFFB 500 Com 0.06 +18.5 71 Psb Holdings Inc/ct PSBH 483 Com 0.05 +19.0 72 Hopfed Bancorp Inc HFBC 462 Com 0.05 +13.5 73 Salem Communications Corp SALM 461 Com 0.05 +15.0 74 Trimtabs Float Shrink Etf TTFS 447 Com 0.05 -49.8 75 Aercap Holdings Nv AER 422 Com 0.05 +9.9 76 Straight Path Communications I STRP 412 Com 0.05 -10.2 77 Peoples Bancorp Of North Carol PEBK 402 Com 0.04 +9.8 78 United Bancshares Inc/oh UBOH 372 Com 0.04 +9.7 79 Amrep Corp AXR 360 Com 0.04 -9.5 80 Forest City Enterprises Inc FCEB 329 Com 0.04 +13.4 81 Eastern Virginia Bankshares In EVBS 311 Com 0.03 -7.7 82 Wolverine Bancorp Inc WBKC 301 Com 0.03 +6.0 83 Seneca Foods A SENEA 291 Com 0.03 New 84 Imperial Oil Ltd IMO 279 Com 0.03 New 85 Spark Networks Inc LOV 275 Com 0.03 -.4 86 Mdc Partners Inc MDCA 245 Com 0.03 -10.6 87 Seneca Foods Corp SENEB 241 Com 0.03 New 88 Greenlight Capital Re Ltd GLRE 230 Com 0.03 New 89 Armour Residential Reit Inc ARR 206 Com 0.02 -48.6 90 Ameriana Bancorp ASBI 206 Com 0.02 +2.5 91 Luxfer Holdings Plc LXFR 196 Com 0.02 -6.2 92 Premier Financial Bancorp Inc PFBI 177 Com 0.02 +1.7 93 Apollo Commercial Real Estate ARI 166 Com 0.02 +1.8 94 Laporte Bancorp Inc LPSB 162 Com 0.02 -3.0 95 Us Global Investors Inc GROW 132 Com 0.01 +26.9 96 Dex Media Inc DXM 112 Com 0.01 +34.9 97 Annaly Capital Management Inc NLY 110 Com 0.01 -55.8 98 Royce Focus Trust Inc FUND 94 Com 0.01 +4.4 99 Eldorado Gold Corp EGO 85 Com 0.01 -2.3 100 Escalera Resources Co 57 Com 0.01 New 101 Active Power Inc ACPW 56 Com 0.01 New 102 Cosi Inc COSI 28 Com 0.00 -30.0 103 Zaza Energy Corp ZAZA 26 Com 0.00 -21.2
Sold Positions: ADT, HES, FOE, DBLE, IRM, WDC, Ut/100 Ingersoll-rand Plc Ut/33 Allegion, CLF, CTB, IBM, MVG, STX, Ut/25 Ipath S&p 500 Vix Short- Term Futur, NFBK, LVLT, WSBF New Positions: TSLA, NFLX, ATHN, DOW, ARCP, SYMC, GE, HYG, IR, CRM, SHLD, PKW, I, HLF, PSA, VXX, SENEA, IMO, SENEB, GLRE, Escalera Resources Co, ACPW
149 twitter @chensj Top Increases: LORL, WMGIZ, TPL Top Decreases: NLY, LVNTA, TTFS Fund Background: Paul Isaac started Arbiter Partners in 2001 and has achieved a 22 percent net annualized return. Isaac was exposed to investing at a young age; he is the nephew of Walter Schloss and his father is a successful investor who had Max Heine as a frequent dinner guest.
150 twitter @chensj Cascabel Management LP Total Value: $147,887,000 Positions: 23 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Ishares EEM 20,505 Msci Emg Mkt Etf 13.87 New 2 Soufun Hldgs Ltd SFUN 18,473 Adr 12.49 -32.1 3 Youku Tudou Inc YOKU 14,721 Sponsored Adr 9.95 -37.7 4 Time Warner Inc TWX 13,066 Com New 8.84 +56.2 5 Select Sector Spdr Tr XLK 10,905 Technology 7.37 +1.7 6 Giant Interactive Group Inc GA 5,785 Adr 3.91 -48.5 7 Quiksilver Inc ZQK 5,535 Com 3.74 -24.4 8 Time Warner Cable Inc TWC 5,487 Com 3.71 -55.0 9 Bitauto Hldgs Ltd BITA 5,376 Sponsored Ads 3.64 New 10 Ambev Sa ABEV 5,187 Sponsored Adr 3.51 +.8 11 Restoration Hardware Hldgs I RH 5,151 Com 3.48 New 12 Mercadolibre Inc MELI 4,756 Com 3.22 -52.0 13 Masonite Intl Corp New DOOR 4,522 Com 3.06 -5.8 14 Atmel Corp ATML 4,356 Com 2.95 New 15 Disney Walt Co DIS 4,004 Com Disney 2.71 +4.8 16 Ebay Inc EBAY 3,867 Com 2.61 -29.5 17 Concho Res Inc CXO 3,675 Com 2.49 New 18 Columbia Ppty Tr Inc CXP 3,270 Com New 2.21 New 19 Morgan Stanley MS 3,117 Com New 2.11 -66.9 20 Ctrip Com Intl Ltd CTRP 2,017 American Dep Shs 1.36 New 21 Baidu Inc BIDU 1,523 Spon Adr Rep A 1.03 -82.9 22 Kinder Morgan Inc Del KMIWS 1,320 *w Exp 05/25/201 0.89 New 23 E House China Hldgs Ltd EJ 1,269 Adr 0.86 New
Sold Positions: RDC, WUBA, YY, ASCMA, ATHM, QCOR, VNCE, GOOG, JPM, TBT, VIPS, ULTA, XRT, LNKD, FXI New Positions: EEM, BITA, RH, ATML, CXO, CXP, CTRP, KMIWS, EJ Top Increases: TWX, DIS, XLK Top Decreases: BIDU, MS, TWC Fund Background: Cascabel was started in 2008 by Tiger Management veteran Scott Sinclair and former Avenue Capital Management portfolio manager Laurence Chang. Tiger founder Julian Robertson provided seed capital for the firm.
151 twitter @chensj Long Oar Global Investors Total Value: $105,156,000 Positions: 17 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Hertz Global Holdings Inc HTZ 10,470 Com 9.96 +28.4 2 Cheniere Energy Inc LNG 9,742 Com New 9.26 +29.8 3 Dow Chem Co DOW 7,823 Com 7.44 +72.7 4 Post Hldgs Inc POST 7,011 Com 6.67 New 5 Halliburton Co HAL 6,831 Com 6.50 New 6 Dish Network Corp DISH 6,607 Cl A 6.28 -22.0 7 Cemex Sab De Cv CX 6,378 Spon Adr New 6.07 New 8 Navistar Intl Corp New NAV 6,158 Com 5.86 +7.6 9 Susser Hldgs Corp SUSS 6,122 Com 5.82 +35.5 10 Cf Inds Hldgs Inc CF 5,995 Com 5.70 New 11 U S Silica Hldgs Inc SLCA 5,994 Com 5.70 New 12 United Rentals Inc URI 5,981 Com 5.69 -26.9 13 Monsanto Co New MON 5,461 Com 5.19 -21.9 14 Taminco Corp TAM 4,391 Com 4.18 -14.8 15 American Airls Group Inc AAL 4,136 Com 3.93 New 16 Phillips 66 PSX 3,853 Com 3.66 New 17 Emerge Energy Svcs Lp 2,203 Com Rep Partn 2.09 New
Sold Positions: RESI, GM, RDC, LAD, S, MEOH, EJ, GILD, APC New Positions: POST, HAL, CX, CF, SLCA, AAL, PSX, Emerge Energy Svcs Lp - COM REP PARTN Top Increases: DOW, SUSS, LNG Top Decreases: URI, DISH, MON Fund Background: Long Oar Global Partners was launched in 2009 by James Davidson and specializes in industrials and cyclicals. It was seeded by Tiger Management.
152 twitter @chensj Tiger Eye Capital Total Value: $674,069,000 Positions: 41 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Altisource Ass AAMC 126,556 Com 18.77 -2.3 2 Eqt Corp EQT 40,569 Com 6.02 +48.9 3 Northstar Rlty NRF 39,198 Com 5.82 +19.2 4 Valeant Pharma VRX 33,419 Com 4.96 +1.7 5 Liberty Intera LVNTA 33,273 Com 4.94 +5.9 6 Grace W R & Co GRA 28,671 Com 4.25 +378.5 7 Actavis Plc Cmn ACT 27,144 Com 4.03 New 8 Fleetcor Techn FLT 25,805 Com 3.83 +24.2 9 Liberty Global LBTYK 23,893 Com 3.54 +65.0 10 Canadian Pac R CP 20,173 Com 2.99 -27.1 11 Endo Intl Plc ENDP 20,011 Com 2.97 New 12 Cbs Corp New CBS 18,623 Com 2.76 -40.9 13 Esterline Tech ESL 18,421 Com 2.73 +268.7 14 Time Warner In TWX 17,522 Com 2.60 -36.2 15 Williams Cos I WMB 15,063 Com 2.23 New 16 Transdigm Grou TDG 14,594 Com 2.17 -17.8 17 Halliburton Co HAL 14,063 Com 2.09 New 18 Cheniere Energ LNG 13,339 Com 1.98 New 19 Comcast Corp N CMCSA 12,949 Com 1.92 -63.8 20 Autozone Inc AZO 12,729 Com 1.89 New 21 Google Inc GOOG 12,371 Com 1.84 +7.2 22 Altisource Res RESI 9,883 Com 1.47 +70.0 23 Dish Network C DISH 9,288 Com 1.38 -43.8 24 Ladder Cap Cor LADR 7,935 Com 1.18 New 25 Priceline Com PCLN 7,895 Com 1.17 -61.7 26 Diamondback En FANG 7,680 Com 1.14 +702.5 27 Howard Hughes HHC 7,575 Com 1.12 -13.7 28 Sealed Air Cor SEE 6,837 Com 1.01 New 29 Watsco Inc WSO 6,734 Com 1.00 New 30 Circor Intl In CIR 6,724 Com 1.00 -65.4 31 Liberty Global LBTYA 6,211 Com 0.92 -44.9 32 Liberty Intera LINTA 5,947 Com 0.88 -83.8 33 Cabot Oil & Ga COG 4,861 Com 0.72 -60.3 34 Quiksilver Inc ZQK 4,681 Com 0.69 -43.8 35 Adobe Sys Inc ADBE 3,875 Com 0.57 New 36 Allison Transm ALSN 3,446 Com 0.51 New 37 Block H & R In HRB 3,144 Com 0.47 New 38 Tjx Cos Inc Ne TJX 1,570 Com 0.23 -4.8 39 Semgroup Corp SEMG 657 Com 0.10 New 40 Constellium Nv CSTM 440 Com 0.07 New 41 Quinpario Acqu QPACW 300 Wts 0.04 New
Sold Positions: OCN, SSP, CCI, ASPS, QPACU, TWC, SIX, AR, MPC, NXST, V, Autozone Inc, TWTR, TTI, WNRL, FRX, American Intl Group Inc - COM NEW, HLT, DK, LMCA, Athlon Energy Inc, OKE, PXD, MA, STAY New Positions: ACT, ENDP, WMB, HAL, LNG, AZO, LADR, SEE, WSO, ADBE, ALSN, HRB, SEMG, CSTM, QPACW Top Increases: FANG, GRA, ESL Top Decreases: LINTA, CIR, CMCSA Fund Background: Tiger Eye was launched in 2009 by Benjamin Gambill. It focuses on natural resources, financials, and industrials. It was seeded
153 twitter @chensj by Tiger Management.
154 twitter @chensj Kahn Brothers Total Value: $698,354,596,000 Positions: 42 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Ny Times Cl A NYT 81,644,613 Com 11.66 +20.7 2 Pfizer PFE 67,863,753 Com 9.69 +16.6 3 Merck 64,060,112 Com 9.14 +111.5 4 New York Community NYCB 60,721,477 Com 8.67 +10.2 5 Citigroup 58,684,802 Com 8.38 +4.8 6 Old Republic ORI 44,762,824 Com 6.39 +5.3 7 Patterson Energy PTEN 41,772,995 Com 5.96 +17.2 8 Bp Plc 41,359,026 Com 5.90 +63.4 9 Mbia MBI 35,551,934 Com 5.08 +39.4 10 Hologic HOLX 33,475,049 Com 4.78 +11.0 11 Seaboard Corp SEB 30,180,754 Com 4.31 +20.2 12 Voxx International VOXX 28,499,462 Com 4.07 +1.6 13 Slm Corp 22,747,672 Com 3.25 -11.6 14 Nam Tai Elect NTE 22,240,066 Com 3.17 +13.4 15 Sterling Bancorp STL 16,918,323 Com 2.42 +11.7 16 Idt Corp Cl B 11,157,052 Com 1.59 +28.5 17 Trinity Place Holdings TPHS 7,497,269 Com 1.07 +9.1 18 Genie Electric 6,581,277 Com 0.94 +35.5 19 Blackberry BBRY 3,636,000 Com 0.52 +144.0 20 Novartis Adr NVS 2,386,341 Com 0.34 +8.5 21 Straight Path Comm STRP 2,150,758 Com 0.31 +7.6 22 Exxon Mobile XOM 1,778,948 Com 0.25 -2.0 23 Bristol Myers Squibb BMY 1,540,318 Com 0.22 +4.8 24 Landmark Savings Bank 1,413,269 Com 0.20 +104.4 25 First Niagara Financial FNFG 1,381,487 Com 0.20 -12.9 26 Phi Inc Non-voting 1,251,107 Com 0.18 +343.5 27 Comcast Cl A CMCSA 1,225,687 Com 0.17 -3.1 28 Monsanto 1,012,331 Com 0.14 -2.4 29 Bank Of America 980,761 Com 0.14 +10.5 30 Chevrontexaco CVX 807,161 Com 0.12 -8.8 31 Ctm Media Cl A 799,488 Com 0.11 +60.4 32 Ibm IBM 631,945 Com 0.09 +2.6 33 Usg Inc USG 621,680 Com 0.09 +9.5 34 American Tel & Tel 603,675 Com 0.09 +5.4 35 Astec Indus 526,920 Com 0.08 -31.8 36 Newmarket Group NEU 390,780 Com 0.06 +16.9 37 General Electric GE 388,350 Com 0.06 -7.6 38 Questar Corp STR 379,291 Com 0.05 +3.4 39 Keycorp New KEY 264,423 Com 0.04 -10.4 40 Astoria Financial 244,407 Com 0.03 -.1 41 Flushing Financial FFIC 213,207 Com 0.03 -7.4 42 Volvo VOLVY 158,560 Com 0.02 +20.6
Sold Positions: None New Positions: None Top Increases: Phi Inc Non-voting, BBRY, Merck Top Decreases: Astec Indus, FNFG, Slm Corp Fund Background: Irving Kahn founded Kahn Brothers in 1978. Profile from 2011
155 twitter @chensj Jabre Capital Partners Total Value: $1,045,911,000 Positions: 101 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Transocean Ltd RIG 69,191 Reg Shs 6.62 -41.7 2 Potash Corp Sask Inc POT 39,118 Com 3.74 New 3 Market Vectors Etf Tr RSX 35,985 Russia Etf 3.44 New 4 Cobalt Intl Energy Inc CIE 23,809 Com 2.28 New 5 Google Inc GOOG 23,404 Cl A 2.24 +60.7 6 Michael Kors Hldgs Ltd KORS 23,318 Shs 2.23 New 7 Yandex N V YNDX 23,125 Shs Class A 2.21 New 8 Anadarko Pete Corp APC 22,090 Com 2.11 -19.2 9 Ebay Inc EBAY 20,436 Com 1.95 +344.5 10 Sina Corp SINA 19,956 Ord 1.91 +258.9 11 Intuitive Surgical Inc ISRG 19,710 Com New 1.88 +4175.5 12 Vipshop Hldgs Ltd VIPS 19,284 Sponsored Adr 1.84 New 13 Wynn Resorts Ltd WYNN 18,810 Com 1.80 -61.3 14 General Electric Co GE 18,710 Com 1.79 +107.2 15 Spdr S&p 500 Etf Tr SPY 18,701 Tr Unit 1.79 -49.4 16 Amazon Com Inc AMZN 17,910 Com 1.71 New 17 Teleflex Inc 17,905 Note 3.875% 8/0 1.71 +12.3 18 Cemex Sab De Cv CX 17,191 Spon Adr New 1.64 -40.8 19 Jos A Bank Clothiers Inc JOSB 17,074 Com 1.63 +289.2 20 Biomarin Pharmaceutical Inc BMRN 16,929 Com 1.62 New 21 Ishares EEM 16,404 Msci Emg Mkt Etf 1.57 New 22 International Game Technolog IGT 16,310 Com 1.56 New 23 Yandex N V 15,802 Debt 1.125%12/1 1.51 +90.4 24 Micron Technology Inc 15,499 Note 1.625% 2/1 1.48 New 25 Wells Fargo & Co New WFCWS 15,304 *w Exp 10/28/201 1.46 -18.3 26 Mgm Resorts International 15,078 Note 4.250% 4/1 1.44 -4.0 27 Time Warner Cable Inc TWC 14,747 Com 1.41 +144.6 28 Omnicare Inc 14,404 Note 3.500% 2/1 1.38 -18.8 29 Tesla Mtrs Inc 14,404 Note 1.500% 6/0 1.38 +30.0 30 Tesla Mtrs Inc 13,655 Note 1.250% 3/0 1.31 New 31 Cubist Pharmaceuticals Inc 12,896 Note 2.500%11/0 1.23 +6.0 32 Suntrust Bks Inc STIWSB 12,600 *w Exp 11/14/201 1.20 +9.4 33 Marvell Technology Group Ltd MRVL 12,591 Ord 1.20 +59.4 34 Sina Corp 12,516 Debt 1.000%12/0 1.20 +29.4 35 Xilinx Inc 12,242 Note 2.625% 6/1 1.17 +17.4 36 Stanley Black & Decker Inc SWH 11,855 Unit 99/99/9999 1.13 +44.0 37 Salix Pharmaceuticals Inc 11,848 Note 1.500% 3/1 1.13 +12.5 38 Take-two Interactive Softwar 11,789 Note 1.000% 7/0 1.13 +14.8 39 Mgm Resorts International MGM 11,300 Com 1.08 New 40 Microsoft Corp MSFT 11,236 Com 1.07 New 41 Youku Tudou Inc YOKU 10,419 Sponsored Adr 1.00 New 42 Jpmorgan Chase & Co JPM 10,286 Com 0.98 +51.1 43 Rovi Corp ROVI 10,251 Com 0.98 New 44 Abercrombie & Fitch Co ANF 10,194 Cl A 0.97 +69.6 45 Vipshop Hldgs Ltd 10,174 Note 1.500% 3/1 0.97 New 46 Terex Corp New 9,621 Note 4.000% 6/0 0.92 +4.7 47 Bank Of America Corporation BACWS 8,965 *w Exp 01/16/201 0.86 +27.0 A 48 Biomarin Pharmaceutical Inc 8,837 Note 1.500%10/1 0.84 +25.6 49 Caci Intl Inc 8,422 Note 2.125% 5/0 0.81 +2.6 50 Seacor Holdings Inc 8,408 Note 2.500%12/1 0.80 -2.4 51 Freeport-mcmoran Copper & Go FCX 8,268 Com 0.79 New 52 Lam Research Corp 8,124 Note 0.500% 5/1 0.78 +2.2 53 Lorillard Inc LO 7,955 Com 0.76 New 54 Ciena Corp CIEN 7,851 Com New 0.75 New 55 Ishares EWW 7,354 Msci Mex Cap Etf 0.70 -49.7 156 twitter @chensj Jabre Capital Partners Total Value: $1,045,911,000 Positions: 101 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 56 International Game Technolog 7,175 Note 3.250% 5/0 0.69 -5.1 57 Webster Finl Corp Conn WBSWS 7,164 *w Exp 11/21/201 0.68 -3.3 58 Petroleo Brasileiro Sa Petro PBR 6,575 Sponsored Adr 0.63 New 59 Jarden Corp 6,260 Note 1.875% 9/1 0.60 -2.6 60 Electronic Arts Inc 5,822 Note 0.750% 7/1 0.56 +8.8 61 Bre Properties Inc BRE 5,650 Cl A 0.54 +14.7 62 Tcf Finl Corp TCBWS 5,366 *w Exp 11/14/201 0.51 -2.7 63 Carlyle Group L P CG 5,316 Com Uts Ltd Ptn 0.51 New 64 Fortinet Inc FTNT 4,975 Com 0.48 -30.7 65 Ishares EWY 4,921 Msci Sth Kor Etf 0.47 -71.3 66 Teradata Corp Del TDC 4,919 Com 0.47 -82.3 67 Amcol Intl Corp ACO 4,741 Com 0.45 New 68 Ishares EWZ 4,504 Msci Brz Cap Etf 0.43 New 69 Wright Med Group Inc 4,068 Note 2.000% 8/1 0.39 +.8 70 Linear Technology Corp 3,987 Note 3.000% 5/0 0.38 +5.2 71 Zions Bancorporation ZIONW 3,870 *w Exp 05/22/202 0.37 +2.5 72 Biomarin Pharmaceutical Inc 3,838 Note 0.750%10/1 0.37 -44.7 73 Autonavi Hldgs Ltd AMAP 3,808 Sponsored Adr 0.36 New 74 Hudson City Bancorp HCBK 3,717 Com 0.36 +4.3 75 Starbucks Corp SBUX 3,669 Com 0.35 New 76 Comcast Corp New CMCSA 3,503 Cl A 0.33 New 77 Shutterfly Inc SFLY 3,414 Com 0.33 New 78 Bank Of America Corporation BACWS 3,298 *w Exp 10/28/201 0.32 +18.2 B 79 Boston Private Finl Hldgs In BPFHW 3,198 *w Exp 11/21/201 0.31 +17.2 80 Suntrust Bks Inc STIWSA 3,029 *w Exp 12/31/201 0.29 +10.1 81 General Mtrs Co GMWSC 2,820 *w Exp 12/31/201 0.27 -53.4 82 Cemex Sab De Cv 2,766 Note 4.875% 3/1 0.26 -53.9 83 Wellpoint Inc 2,721 Note 2.750%10/1 0.26 -.1 84 Giant Interactive Group Inc GA 2,695 Adr 0.26 +17.4 85 Mellanox Technologies Ltd MLNX 2,602 Shs 0.25 New 86 Nike Inc NKE 2,585 Cl B 0.25 New 87 Celldex Therapeutics Inc New CLDX 2,120 Com 0.20 New 88 Lululemon Athletica Inc LULU 2,104 Com 0.20 New 89 Volcano Corporation 1,987 Note 1.750%12/0 0.19 +.3 90 Cbs Corp New CBS 1,854 Cl B 0.18 New 91 Tesla Mtrs Inc 1,849 Note 0.250% 3/0 0.18 New 92 Rda Microelectronics Inc RDA 1,838 Sponsored Adr 0.18 +.3 93 Zoetis Inc ZTS 1,736 Cl A 0.17 New 94 Washington Fed Inc WAFDW 1,730 *w Exp 11/14/201 0.17 -11.1 95 Vivus Inc VVUS 1,591 Com 0.15 -11.5 96 Ncr Corp New NCR 1,462 Com 0.14 New 97 Martin Marietta Matls Inc MLM 1,284 Com 0.12 New 98 Ypf Sociedad Anonima YPF 1,246 Spon Adr Cl D 0.12 New 99 Citigroup Inc CWSB 786 *w Exp 10/28/201 0.08 -20.2 100 Nokia Corp NOK 734 Sponsored Adr 0.07 New 101 Herbalife Ltd HLF 349 Com Usd Shs 0.03 New
Sold Positions: ST, TMUS, UPS, VPHM, Web Com Group Inc - NOTE 1.000% 8/1, GOGO, CCL, NQ, NEM, DXJ, DLPH, ASIA, RL, XLF, IPGP, HCP, C, JCP, DB, TGT, MS, Gt Advanced Technologies Inc - NOTE 3.000%12/1, KO, WBAI, BRCM, SWK, EW, MNST, PRGO, AMD, WFM, BIDU, CLF, MBT, CTXS, TROW, DE, ALTR, Stone Energy Corp - NOTE 1.750% 3/0, FB, AGN, BTU, PG, ITB, LLY, FE, GRPN, SNE, AIG, AAPL, IBB, BAC, Orexigen Therapeutics Inc - NOTE 2.750%12/0, IVZ, LIFE, EXPE New Positions:
157 twitter @chensj POT, RSX, CIE, KORS, YNDX, VIPS, AMZN, BMRN, EEM, IGT, Micron Technology Inc - NOTE 1.625% 2/1, Tesla Mtrs Inc - NOTE 1.250% 3/0, MGM, MSFT, YOKU, ROVI, Vipshop Hldgs Ltd - NOTE 1.500% 3/1, FCX, LO, CIEN, PBR, CG, ACO, EWZ, AMAP, SBUX, CMCSA, SFLY, MLNX, NKE, CLDX, LULU, CBS, Tesla Mtrs Inc - NOTE 0.250% 3/0, ZTS, NCR, MLM, YPF, NOK, HLF Top Increases: ISRG, EBAY, JOSB Top Decreases: TDC, EWY, WYNN Fund Background: Phillippe Jabre has been a convertible bonds specialist for over 30 years. While at GLG Partners from 1997 to 2006, he managed five funds with combined assets of $7 billion.
158 twitter @chensj Weitz Investment Management Total Value: $3,131,394,000 Positions: 63 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 1 Valeant Pharmaceuticals Intl VRX 210,604 Com 6.73 -3.0 2 Liberty Global Plc LBTYK 159,524 Shs Cl C 5.09 +9.8 3 Directv DTV 155,294 Com 4.96 +10.5 4 Berkshire Hathaway Inc Del BRKB 153,594 Cl B New 4.90 +15.8 5 Liberty Interactive Corp LINTA 146,098 Int Com Ser A 4.67 +1.1 6 Liberty Media Corp Delaware LMCA 143,153 Cl A 4.57 +68.6 7 Wells Fargo & Co New WFC 122,115 Com 3.90 +8.3 8 Redwood Tr Inc RWT 120,028 Com 3.83 +1.2 9 Transdigm Group Inc TDG 111,533 Com 3.56 +17.0 10 Texas Instrs Inc TXN 106,903 Com 3.41 +1.0 11 Martin Marietta Matls Inc MLM 102,238 Com 3.26 +16.4 12 Laboratory Corp Amer Hldgs LH 97,991 Com New 3.13 +18.8 13 Iconix Brand Group Inc ICON 94,798 Com 3.03 -7.3 14 Express Scripts Hldg Co ESRX 90,927 Com 2.90 +9.3 15 Apache Corp APA 89,092 Com 2.85 -3.4 16 The Adt Corporation ADT 87,221 Com 2.79 +474.7 17 Oracle Corp ORCL 82,444 Com 2.63 +23.0 18 Microsoft Corp MSFT 74,142 Com 2.37 +7.8 19 Flir Sys Inc FLIR 73,173 Com 2.34 -6.5 20 Range Res Corp RRC 64,603 Com 2.06 -12.1 21 Interval Leisure Group Inc IILG 64,315 Com 2.05 -17.1 22 Google Inc GOOG 63,393 Cl A 2.02 -22.5 23 Aon Plc AON 60,236 Shs Cl A 1.92 -21.8 24 Live Nation Entertainment In LYV 59,237 Com 1.89 +4.8 25 Target Corp TGT 49,390 Com 1.58 -4.4 26 Endo Intl Plc ENDP 34,388 Shs 1.10 New 27 Brown & Brown Inc BRO 32,048 Com 1.02 +93.8 28 Avon Prods Inc AVP 30,656 Com 0.98 +143.9 29 Liberty Interactive Corp LVNTA 30,628 Lbt Vent Com A 0.98 -22.6 30 Fidelity Natl Information Sv FIS 30,000 Com 0.96 -1.9 31 Disney Walt Co DIS 28,949 Com Disney 0.92 +4.8 32 Xo Group Inc XOXO 28,462 Com 0.91 -27.8 33 National Cinemedia Inc NCMI 27,681 Com 0.88 -22.2 34 Caci Intl Inc CACI 23,203 Cl A 0.74 +.8 35 Cumulus Media Inc CMLS 22,803 Cl A 0.73 -10.6 36 United Parcel Service Inc UPS 22,802 Cl B 0.73 -7.3 37 World Fuel Svcs Corp INT 22,050 Com 0.70 +2.2 38 Accenture Plc Ireland ACN 18,367 Shs Class A 0.59 -1.3 39 Redwood Tr Inc 18,190 Note 4.625% 4/1 0.58 +2.6 40 Omnicom Group Inc OMC 17,729 Com 0.57 -2.4 41 Praxair Inc PX 16,463 Com 0.53 +.7 42 Diageo P L C DEO 16,402 Spon Adr New 0.52 -2.4 43 Proshares Tr TBF 15,792 Shrt 20+yr Tre 0.50 -4.0 44 Pioneer Nat Res Co PXD 13,543 Com 0.43 New 45 Berkshire Hathaway Inc Del BRKA 12,927 Cl A 0.41 +5.3 46 Ebay Inc EBAY 11,109 Com 0.35 New 47 Fti Consulting Inc FCN 10,630 Com 0.34 -13.9 48 Cna Finl Corp CNA 9,826 Com 0.31 -.4 49 Sapient Corp SAPE 9,383 Com 0.30 -1.7 50 Aci Worldwide Inc ACIW 8,938 Com 0.29 -8.9 51 Liquidity Services Inc LQDT 8,857 Com 0.28 +15.0 52 Willis Group Holdings Public WSH 5,516 Shs 0.18 +23.1 53 Ascent Cap Group Inc ASCMA 5,289 Com Ser A 0.17 +3.0 54 Wesco Aircraft Hldgs Inc WAIR 5,045 Com 0.16 New 55 Intelligent Sys Corp New INS 3,814 Com 0.12 +3.7 56 Prestige Brands Hldgs Inc PBH 3,406 Com 0.11 -36.6 159 twitter @chensj Weitz Investment Management Total Value: $3,131,394,000 Positions: 63 # Issue Symbol Value (X1000) Title of Class Percent Percent Of Total Change 57 Anheuser Busch Inbev Sa/nv BUD 1,369 Sponsored Adr 0.04 -1.1 58 Itt Educational Services Inc ESI 688 Com 0.02 +18.0 59 Us Bancorp Del USB 643 Com New 0.02 +6.1 60 Outerwall Inc OUTR 453 Com 0.01 -69.1 61 Allison Transmission Hldgs I ALSN 449 Com 0.01 New 62 Apple Inc AAPL 429 Com 0.01 -4.5 63 Hewlett Packard Co HPQ 421 Com 0.01 -98.6
Sold Positions: CVS, SWN, CMP, ENDP New Positions: ENDP, PXD, EBAY, WAIR, ALSN Top Increases: ADT, AVP, BRO Top Decreases: HPQ, OUTR, PBH Fund Background: n/a
160 twitter @chensj