Last year was an awful year for many of you favorite billionaire hedge fund managers. With markets down the drain in 2016, let’s have a glance at some of the largest holdings at some of these prestigious denizens of capital management.
Pershing Sq.
VRX -12%
APD -9%
CP -16%
Ballpark overall fund performance: -11.1%
Greenlight Capital
AAPL -5.3%
GM -11%
KORS -10%
Ballpark overall fund performance: -11%
Appaloosa Management
GM -11%
HCA -4%
DAL -11%
Ballpark overall fund performance: -10.6%
Trian
MDLZ -7.3%
PEP -4%
SYY -1%
Ballpark overall fund performance: -9.98%
Valueact
MSFT -4.3%
VRX -12%
HAL -7%
Ballpark overall fund performance: -7.3%
Paulson
AGN -4.7%
VRX -12%
TWC -2%
Ballpark overall fund performance: -12%
Icahn
IEP -5.1%
AAPL -5.3%
CVI -7.6%
Ballpark overall fund performance: -12.3%
Baker Brothers
INCY -26%
SGEN -17%
ALXN -13%
Ballpark overall fund performance: -18.7%
Baupost
LNG -12%
VSAT +0.8%
AA -26%
Ballpark overall fund performance: -10.2%
Thirdpoint
BAX -7.5%
AMGN -5.5%
AGN -4.7%
Ballpark overall fund performance: -7.3%
Tiger Global
NFLX -7%
JD -13%
FLT -16%
Ballpark overall fund performance: -12.6%
Citadel
LRCX -9.3%
EW -2.7%
APC -28%
Ballpark overall fund performance: -13%
Jana
QCOM -4.5%
CAG -5%
WBA -3.7%
Ballpark overall fund performance: -7.5%
Eminence
ADSK -14%
GMCR +0.5%
G -6.4%
Ballpark overall fund performance: -10.4%
Glenview
MON -6%
TMO -4.3%
HUM -6.6%
Ballpark overall fund performance: -9.9%
Most of these funds got smoked the fuck out in their 2nd and third tier positions. I didn’t bother listing them, since there is a remote possibility they pared them down and/or sold them out before they collapsed.
Hopefully, for the sake of the accredited investors in these funds, their managers hedged.
Data provided by Exodus
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All performing like world class zebras.
I feel like your favorite billionaire hedge fund manager minus the billions.
These hedge funds seem to forget their namesake directive.
There are more hedge funds than Taco Bells. Let’s call that a reversion trade.
http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx
I wonder, however, how a certain Mr. Cohen is fairing at his “family” shop…