Copyright (c) 2006 Stockpickr. All rights reserved. http://www.stockpickr.com/ en-us Enter a portfolio, get recommendations automatically from hedge funds, mutual funds, super investors. http://www.stockpickr.com/images/stockpickr.jpg http://www.stockpickr.com/ 144 17 http://www.stockpickr.com/port/TPG-Axon-Capital/ Top new positions: MS, STLD, RS, CMC, PCAR, CE TPG-Axon Capital is a leading global investment firm with over $11 billion of capital invested in public and private markets around the world. TPG-Axon spun out of buyout firm Texas Pacific Group. TPG-Axon is led by the former head of Goldman Sachs' Principal Strategies Department, Dinakar Singh. Through offices in New York City, Hong Kong and Tokyo, TPG-Axon Capital has invested across a broad range of industries in more than 20 different countries, including investments in healthcare, pharmaceuticals, financial services, technology, energy and basic materials and retail. Tue, 08 Jul 2008 22:28:47 CDT http://www.stockpickr.com/port/Blackrock-Equity-Dividend-I-MADVX/ This fund has a Morningstar rating of 5 stars and is run by Robert Shearer. Shearer has been managing director of the Investment Adviser since 2000. BlackRock Equity Dividend Fund is an open-end fund incorporated in the USA. The Fund's main goal to seek long-term total return and current income. The Fund invests primarily in a portfolio of equity securities. The Fund will invest at least 80% of its assets in dividend-paying securities. Current Returns: 1-Year: -2.88% 3-Year: 11.20% 5-Year: 13.93% Tue, 08 Jul 2008 22:27:15 CDT http://www.stockpickr.com/port/Allianz-NFJ-Dividend-Value-Instl-NFJEX/ This fund has a Morningstar rating of five stars and is run by Ben Fisher. Fischer is managing director and has over 39 years of experience in portfolio management, investment analysis and research. Prior to founding NFJ in 1989,he was chief investment officer (institutional and fixed income),senior vice president and senior portfolio manager at NationsBank which he joined in 1971. Fischer holds the Chartered Financial Analyst designation. Allianz NFJ Dividend Value Fund is an open-end fund incorporated in the USA. The Fund's objective is current income and, as a secondary objective, long-term growth of capital. The Fund invests at least 80% of its assets in income-producing common stocks of companies with market capitalizations of mo... Tue, 08 Jul 2008 22:26:02 CDT http://www.stockpickr.com/port/Pequot-Capital-Managment/ Pequot Capital Management, Inc. is a U.S. registered investment adviser founded in 1998 by Arthur J. Samberg, Chairman and Chief Executive Officer, to manage the Pequot Family of Funds, which began trading in 1986. Currently, the firm manages approximately $7.4 billion in assets in multiple strategies across the capital structure. Mon, 07 Jul 2008 18:44:15 CDT http://www.stockpickr.com/port/Blum-Capital-Partners/ Blum Capital is a $2 billion dollar investment firm based in San Francisco. The firm "only makes new investments in a small number of the companies it monitors each year. We expect to build a substantial position in each business, either through the acquisition of Strategic Blocks of common shares in the public market or in a privately negotiated transaction. Blum Capital takes a substantial position in order to establish a productive “seat at the table.” We generally strive to be one of the largest shareholders and, on a friendly basis, seek Board representation, if we feel that it will enhance our ability to create value. Our team of investment professionals monitors hundreds of companies in the publicly he... Mon, 07 Jul 2008 18:42:56 CDT http://www.stockpickr.com/port/Wallace-Weitz/ Weitz is a mutual fund family based in Omaha, Nebraska. Often considered the "other Oracle of Omaha", Wally Weitz favors the value-disciplined approach of Ben Graham while also having "a conviction that qualitative factors that allow a company to have some control over its destiny can be more important than statistical measurements, such as historical book value or reported earnings" On January 2, 2007, Weitz Funds issued its quarterly letter to shareholders. In it, he went over his central belief that although cheap stocks do go up in the long run, it's very difficult to time things exactly, and how he sees 2007 to be another good year for their holdings. He does not believe their holdings are very cheap, but at the ... Mon, 07 Jul 2008 18:41:38 CDT http://www.stockpickr.com/port/Warren-Buffett/ As of 3-31-08 filing: Increased Positions: WFC, BNI, KFT, USB Reduced Positions: TT, IRM Sold Out: AMP From the Wikipedia entry on Buffett: Buffett employed a three-pronged approach: 1. Generals: undervalued securities that possess margin of safety and meet expected return-to-risk characteristics ([8]) 2. Arbitrages: company events that are not related to broader market changes, such as mergers and acquisitions, liquidation, etc. 3. Controls: build sizeable holdings, ally with other shareholders or employ proxies to effect changes in companies In 1962 Buffett Partnerships began purchasing shares of Berkshire Hathaway, a large manufacturing company in the declining textile industry that was selling below its workin... Sun, 06 Jul 2008 10:50:24 CDT http://www.stockpickr.com/port/Carl-Icahn/ As of 3-31-08 filing New position: YHOO (has 3.5% stake in company) Carl Icahn, raised in Queens, New York City, earned a reputation as a corporate raider after his hostile takeover of TWA in 1985. He was educated at Princeton University (A.B., Philosophy, 1957) and New York University School of Medicine, where he dropped out before graduation. Carl Icahn, like many others in the 1980s, made his billionaire fortune in large part because of financier Michael Milken's junk bonds. Icahn is a director of Blockbuster Inc, and the chairman of Imclone, American Real Estate Partners LP, XO Communications Inc, WestPoint Home Inc. and American Railcar. Also he is a beneficial owner of Adventrx Pharmaceuticals Inc, Hollywood Entertainment, ... Sun, 06 Jul 2008 10:42:09 CDT http://www.stockpickr.com/port/Edward-Lampert/ Edward Lampert is the founder, chairman, and CEO of ESL Investments, a $10 billion dollar investment fund which has reportedly returned close to 30% annually since inception. Many consider “Eddie” to be the next Warren Buffett. He is well known recently for taking over Sears Holdings Corporation of which he is now Chairman. After leaving Yale University, he worked at Goldman Sachs in the firm's risk arbitrage department from March 1985 to February 1988. He left the bank to form ESL Investments, based in Greenwich, Connecticut, in April 1988. Mr. Lampert's investment style can best be described as "concentrated value", often focusing on the retail sector. He has, in large part, been credited for forming a... Sun, 06 Jul 2008 10:34:29 CDT http://www.stockpickr.com/port/Spencer-Capital/ Spencer Capital is a New York-based hedge fund advisor that specialises in deep value investing through investment tools including equities. Spencer Capital is headed by Dr. Kenneth H. Shubin Stein, MD, CFA. Dr. Shubin Stein, 35, previously co-founded Compo Asset Management, LLC, a US-based value investment partnership that later merged into Promethean Investment Group. Wed, 02 Jul 2008 18:29:33 CDT http://www.stockpickr.com/port/Basso-Capital/ Basso Capital is a $1.1 billion investment firm that has been managing money since 1994. Basso Capital is an SEC-registered investment adviser that, among other things, seeks to partner with and provide capital to public and private companies it believes possess unique business characteristics and potential for growth and/or operational improvement. Basso is headquartered in Stamford, CT with an office in London. Hari Ramanan is the Portfolio Manager at Basso Capital responsible for the firm’s equity investments in Europe and Emerging Markets. Wed, 02 Jul 2008 18:25:21 CDT http://www.stockpickr.com/port/Ruane-Cunniff/ As of 3-31-08 filing Ruane, Cunniff & Goldfarb is the investment firm founded in 1969 by William J. Ruane and Richard T. Cunniff. The firm manages its trademark Sequoia Fund, which has one of the best long-term performance records on Wall Street. The firm manages over $14 billion in assets. From the Sequoia Fund’s (SEQUX) inception in 1970 through June 2006, its average annual total return has been 15.68%. The fund has been closed to new investment since 1982. Warren Buffett suggested long ago that The Sequoia fund be established so his partners and investors would have the opportunity to stay invested in the equity markets after he closed his investment partnership. Its investment objective is: "to achieve long-te... Wed, 02 Jul 2008 18:18:39 CDT http://www.stockpickr.com/port/Viking-Global-Investors/ Viking Global Investors is a $3 billion dollar NY based long-short equity fund that primarily invests in the U.S. and Europe and employs a ''bottom-up'' fundamental stock-picking strategy. It focuses on financials, telecommunications, media, technology, and consumer stocks. The fund's analysts meet with some 1,000 companies a year. ''Their core strength is that they're fantastic business analysts. They can really determine good companies from bad,'' says an investor. Viking's principals learned their stock-picking skills as principals of Julian Robertson's Tiger Management Corp. Tue, 01 Jul 2008 19:13:51 CDT http://www.stockpickr.com/port/Pzena-Investment-Management-LLC/ Pzena Investment Management is an $18 billion "classic value investment manager. We use a disciplined, research-driven process to invest in deeply undervalued stocks. To assess the viability of each investment, we are focused on one overriding question: are the problems that currently cause a stock to be cheap temporary or permanent? Because of the natural tendency of investors to overreact to present conditions, bad news today is often projected indefinitely into the future regardless of a company's sustainable fundamental strength. We seek to benefit from such overreactions. Our investment team screens stocks that are in the most undervalued or "deep" value portion of their universe based on normal earnings. Normal earni... Mon, 30 Jun 2008 19:18:18 CDT http://www.stockpickr.com/port/JPMorgan-Intrepid-Val-Sel-JPIVX/ This fund has a Morningstar rating of 5 stars and is run by Silvio Tarca. Tarca is a vice president of JPMIM. He has been with JPMorgan Chase or its affiliates (or one of its predecessors) since 2000. Tarca holds the Chartered Financial Analyst designation. JPMorgan Intrepid Value Fund is an open-end fund incorporated in the USA. The Fund's objective is to provide long-term capital appreciation. The Fund invests at least 80% of its assets in equity investments of large- and mid-capitalization companies. It defines large- and mid-capitalization companies as those with market capitalization greater than $1 billion. Current Returns: 1-Year: -2.06% 3-Year: 10.71% Mon, 30 Jun 2008 19:16:08 CDT http://www.stockpickr.com/port/Clough-Capital/ $1.8 billion dollar Boston based hedge fund. New positions: X, ETR As of 3-31-08 filing. Mon, 30 Jun 2008 19:14:01 CDT http://www.stockpickr.com/port/Steel-Partners/ As of 3-31-08 filing. New positions: KEG, UIS, CHRS, TCW, EGY, EBSB, FIG, OZM Steel Partners is a $2 billion dollar activist hedge fund based in San Francisco. It is run by Warren Lichtenstein. The fund invests in all layers of the capital structure with a long-term shareholder mentality and prefers to buy a business, or a piece of a business, at an attractive valuation (i.e., a discount to intrinsic value). The fund strives to be either the largest or one of the largest, stakeholders in a company allowing us to influence its direction. The fund needs a built-in margin of safety to protect its downside and be able to invest with a long-term orientation. The fund’s first objective has been and always will be the preservati... Sun, 29 Jun 2008 21:10:28 CDT http://www.stockpickr.com/port/Third-Point-LLC/ As of 3-31-08 filing. New positions: MSFT, LEAP, AEO, PNX, MPG, SWY, PHH, YHOO Third Point, LLC is a $3.2 billion dollar hedge fund with a focus on activist investing. It was founded in 1995 by Daniel Loeb with $3.3 million from family and friends. Loeb is well known in the hedge fund world for his attacks on what he views as greedy executives who also happen to be depressing shareholder value. Third Point has posted an average annual return of 28.9 percent since Loeb founded the firm in 1995, he says. That’s more than double the 12.5 percent gain logged by similar hedge funds during that period, according to Credit Suisse First Boston Tremont Index LLC. Loeb often refers to what he does as “the moral-indignati... Sun, 29 Jun 2008 21:08:36 CDT http://www.stockpickr.com/port/Ritchie-Capital/ Ritchie Capital is a global alternative asset management firm that seeks to provide superior risk adjusted absolute returns by combining deep industry expertise and a culture that passionately pursues innovative thinking with a proven investment process. Founded in 1997 by Thane Ritchie, the firm has built its reputation on an ability to be early in identifying emerging alpha generating opportunities from an uncommonly broad investment universe. Much of Mr. Ritchie’s life has been dedicated to trading and the financial markets and his passion for trading emerged early. At the young age of 12, Mr. Ritchie was invited to apprentice full time in a trading pit by his father Joe Ritchie, founder of Chicago Research and Trading, and... Thu, 26 Jun 2008 22:54:22 CDT http://www.stockpickr.com/port/Michael-Price/ Michael Price is a legendary value investor and fund manager based in New Jersey. He was a protégé of Max Heine and quickly gained a reputation for painstaking analysis and for shaking up management. He sold Heine Securities to Franklin Resources for $670 million and a 5-year employment contract in 1996. Price now manages his private firm, MFP Investors, with approximately $1.6 billion under management, much of it his own money. As of 3-31-08 filing. Thu, 26 Jun 2008 22:48:21 CDT http://www.stockpickr.com/port/Fairholme-FAIRX/ As of 3-31-08 filing New positions: WLP, BMY, SATS, MYL, ACF, GSK, URI, HNT Fairholme is run by value investment guru Bruce Berkowitz. They take an extremely focused approach. The Fund's objective is long-term growth of capital. The Fund invests in companies that exhibit growth potential over the long term and which can be purchased at a significant discount to their perceived value. It normally invests at least 75% of its total assets in US common stocks without regard to market capitalization. The fund enjoys a 5 star rating from Morningstar. From Barron's 5-7-07 Fairholme Fund (ticker: FAIRX), a $4.6 billion multi-cap growth fund poised to outperform even in difficult markets. "We are very focused on not losing money,&q... Thu, 26 Jun 2008 22:45:17 CDT http://www.stockpickr.com/port/Standard-Pacific-Capital/ $3 billion dollar San Francisco based hedge fund. Wed, 25 Jun 2008 18:55:11 CDT http://www.stockpickr.com/port/David-J-Greene-and-Company/ As of 3-31-08 filing. David J. Greene and Company was started in 1938 and currently manages approximately $2 billion. From website: "Value investing has been a passion of David J. Greene and Company since our inception in 1938. We have consistently employed original research and a unique perspective to uncover stocks we believe are priced significantly below their worth, where a catalyst is likely to move the stock’s price in the direction of its intrinsic value. We find investment opportunities by researching situations intensively and seeing the facts in ways others do not. The ability to discern hidden possibilities was David J. Greene's gift, which has evolved into the investment philosophy and process that character... Wed, 25 Jun 2008 18:52:46 CDT http://www.stockpickr.com/port/T-Boone-Pickens-BP-Capital/ As of 3-31-08 filing. New positions: HAL, XTO, SD, MMR Sold out of: XOM, APC 3/1/07: At a Forbes conference in Doha, Oilman T. Boon Pickens has picked the current global oil production capacity of 85-million barrels a day as the peak of petroleum production. "The world has been looked at," Pickens told Forbes. "There's still oil to be found, but not in the quantities we've seen in the past. The big fields have been found, and the smaller fields, well, there's not enough of them to replenish the base." Pickens predicted oil prices would rise this year to an annual average of around $70 per barrel. 1/17: New interview with Pickens in the WSJ: With the declining price of oil (as of 1/17/07 oil is down 16% ... Tue, 24 Jun 2008 19:16:12 CDT http://www.stockpickr.com/port/Barington-Capital/ Barington Capital Group is a NY based activist fund run by James Mitarotonda. “Our objective is to be long-term investors and value added to managers of these companies,” explains Mitarotonda. As of 3-31-08 filing. Tue, 24 Jun 2008 19:13:11 CDT http://www.stockpickr.com/port/David-Dreman/ As of 3-31-08 filing. Mr. Dreman is the founder, and Chairman of Dreman Value Management, L.L.C. and also the firm’s Chief Investment Officer. Dreman Value Management, L.L.C. focuses on the assets of mutual funds, pension, foundation and endowment funds, as well as high net-worth individuals. Archive of Dreman's articles in Forbes. From dreman.com: “Dreman Value Management is one of the pioneers of Contrarian value investing. Our investment philosophy is based on a disciplined, low P/E approach to stock selection. 1. We invest in undervalued companies that exhibit strong fundamentals, above-market dividend yields and historic earnings growth, which our analysis indicates will persist. 2. Our strateg... Tue, 24 Jun 2008 19:06:39 CDT http://www.stockpickr.com/port/Clarium-Capital/ As of 3-31-08 filing. New positions: PG, BNI, LOW, RCL, FWLT, NWS, SGP, ZMH, OXY Clarium Capital Management LLC is a global macro hedge fund company managing over $1 billion. It was founded by managing member Peter Thiel. Prior to starting Clarium, in 2002, Thiel sold PayPal to eBay for $1.5 billion. His 3.7% stake in PayPal was worth approximately $55 million at the time of the acquisition. In 2005, Clarium was honored as the global macro fund of the year by both MarHedge and Absolute Return, two hedge fund trade magazines. Mon, 23 Jun 2008 19:00:33 CDT http://www.stockpickr.com/port/Alpine-Dynamic-Dividend-ADVDX/ Alpine Dynamic Dividend Fund is an open-end fund incorporated in the USA. The Fund seeks high current income in a tax optimized manner with dividend income as an important component of that return and long-term growth of capital. The Fund invests at least 80% of net assets in the equity securities of certain domestic and foreign corporations that pay Quality Dividend Income. The fund also concentrates on companies about to issue special dividends and that are lightly covered, if at all, by analysts. The fund enjoys a 5 star rating from Morningstar and is run by Jill Evans. Fron a recent Barron's interview (1-8-07): ""We had about 30% of our holdings in international, and so participated in overseas growth, as well as the rec... Mon, 23 Jun 2008 18:56:22 CDT http://www.stockpickr.com/port/Traxis-Partners-LLC-Barton-Biggs/ Traxis Partners is managed by veteran strategist and recent author Barton Biggs. Biggs was global strategist at Morgan Stanley for 30 years, and left the firm in 2003 to start Greenwich, CT based Traxis Partners with over $1.5 Billion in assets. Traxis employs a global macro strategy, trading stocks, bonds and commodities throughout the world. The same year that Biggs launched his fund he published the top selling book “Hedge Hogging,” recounting his experiences and ups and down after over 30 years on Wall Street. Wikipedia entry. As of 3-31-08 filing. Mon, 23 Jun 2008 18:54:27 CDT http://www.stockpickr.com/port/Pershing-Square-Capital-Management/ As of 3-31-08 filing. New positions: WEN Pershing Square Capital Management is a $2.4 billion+ activist hedge fund managed by Bill Ackman that has had 40%+ returns over the past 2 years. Ackman cut his teeth in the real estate business, working for his father at commercial real estate mortgage brokerage firm Ackman Brothers & Singer. In 1993, he launched Gotham Partners, eventually growing the hedge fund to over $300 million in assets. Gotham imploded in 2002 amid a series of lawsuits related to a failed merger between one of the firm's holdings (a court had blocked the merger, but a higher court later overturned the ruling) and investigations by the New York State Attorney General and the Securities and Exchange Commission ... Sun, 22 Jun 2008 13:29:22 CDT http://www.stockpickr.com/port/Kinetics-Medical-MEDRX/ “Kinetics Medical Fund seeks long-term growth of capital. The Fund normally invests at least 80% of its total assets in common stocks, convertible securities, warrants and other securities such as ADRs and IDRs of U.S. and foreign companies engaged in the medical research, generally, with an emphasis toward companies engaged in cancer research and drug development. It may also invest up to 20% of its total assets in convertible and nonconvertible debt securities below investment grade, or unrated securities, which the investment adviser has determined to be of comparable quality. The Fund is non-diversified.” Official Website Current Returns: 1-Year: -1.61% 3-Year: 10.81% 5-Year: 6.79% Sun, 22 Jun 2008 13:26:40 CDT http://www.stockpickr.com/port/Renaissance-Technologies/ As of 3-31-08 filing. Renaissance Technologies is a NY-based hedge fund started by Jim Simons in 1982. Its $5 billion Medallion Fund has averaged 38% annual returns, after fees, since 1989, and is considered in the industry to be the most successful hedge fund, yielding returns ten percentage points higher than legendary investors Bruce Kovner, George Soros, or Paul Tudor Jones. Because it is so successful, it charges a 5% management fee and a 44% incentive fee. Simons only hires PhDs and the fund mainly employs computer based models to predict price changes in easily-traded financial instruments. The fund is highly secretive and we are putting in some of their top holdings and some of their more speculative holdings. Thu, 19 Jun 2008 18:44:30 CDT http://www.stockpickr.com/port/AIM-Energy-A-IENAX/ This fund has a Morningstar rating of 4 stars and is run by John Segner. Segner is a senior portfolio manager with AIM Advisors, his employer since February 1997. Previously, from 1990 to 1997, he served as managing director and principal for The Mitchell Group. Segner has held engineering responsibilities with Texaco and financial and marketing positions with First Tennessee National Corporation. AIM Energy Fund is an open-end fund incorporated in the USA. The Fund's objective is capital growth. The Fund invests at least 80% of its net assets in the equity securities and equity-related instruments of companies within the energy sector. These companies include, but are not limited to, oil and gas exploration, pipeline, refinery, and i... Thu, 19 Jun 2008 18:40:57 CDT http://www.stockpickr.com/port/Hancock-Horizon-Value-Tr-HHGTX/ This fund has a Morningstar rating of 5 stars and is run by David Lundgren. Lundgren is director of equities and research and portfolio manager with Hancock Bank, his employer since 1998. He has more than 15 years of investment experience and is a Chartered Financial Analyst. Hancock Horizon Value Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term capital appreciation with a secondary goal of current income. The Fund invests at least 80% of its assets in common stocks of undervalued US companies that have medium to large capitalizations. Current Returns: 1-Year: 21.05% 3-Year: 17.28% 5-Year: 18.35% Thu, 19 Jun 2008 18:39:26 CDT http://www.stockpickr.com/port/James-Small-Cap-JASCX/ This fund has a Morningstar rating of 5 stars and is run by Frank James. James is the founder and chairman of the adviser and team leader of the investment committee. Dr. James was formerly in charge of the Graduate Management Program and a professor of Management and Statistics at the Air Force Institute of Technology. His current responsibilities include overseeing the company's investment management and research. The James Small Cap Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term capital appreciation. The Fund invests primarily in common stocks of small capitalization companies, defined by the Adviser as those companies with market capitalizations of $1.5 billion or less at the time of purchase. C... Wed, 18 Jun 2008 22:55:08 CDT http://www.stockpickr.com/port/Eton-Park-Capital/ Eton Park Capital Management was started in 2004 by former hot-shot Goldman Sachs proprietary trader Eric Mindich. The fund made a giant splash raising roughly $3 billion at its inception and now manages over $5 billion. Mindich gained fame when at 27 he became the youngest partner at Goldman. Eton Park invests mostly in traditional long/short equity strategies. But given just how much money is now in equity hedge funds, Mr. Mindich has assured his investors that he will range wide to produce big returns, including Latin American, Eastern European and South African markets. As of 3-31-08 filing Tue, 17 Jun 2008 19:38:51 CDT http://www.stockpickr.com/port/QVT-Financial-LP/ As of 3-31-08 filing. QVT Financial LP is a New York-based multi-strategy hedge fund manager with approximately $6 billion in assets under management. Originally a highly successful proprietary trading group at Deutsche Bank, QVT was launched in 2003. The fund invests globally across multiple strategies, including various relative value-driven equity strategies such as risk arbitrage, fundamental relative value, statistical trades and other special situations. Unlike most other funds with comparable capital bases, QVT has elected to employ a small number of highly talented generalists as opposed to a larger number of sector specialists. Members of the core investment team have elite academic backgrounds in fields ranging from physics an... Tue, 17 Jun 2008 19:37:59 CDT http://www.stockpickr.com/port/Blue-Harbour-Group/ $1.1 billion dollar Greenwich, CT based investment firm. As of 3-31-08 filing. Tue, 17 Jun 2008 19:36:10 CDT http://www.stockpickr.com/port/Level-Global-Investors/ The fund's focus is long/short equity with the balance varying according to the managers' views ofpotential opportunities. Its principals, David Ganek and Anthony Chiasson, came out of SAC Capital Advisors. It has a minimum investment of $5 million, and since opening its doors in August 2003 has accumulated assets approaching $1.7 billion. As of 3-31-08 filing. Mon, 16 Jun 2008 18:55:25 CDT http://www.stockpickr.com/port/Seth-Klarman-Baupost-Group/ As of 3-31-08 filing Seth Klarman is a well known value investor who has run The Baupost Group since the early 1980s. The Baupost Group manages around $5 billion and has posted stellar annualized returns of nearly 20% per year since inception. New positions: WLP, THRX, IP, BGP, LIA In the plast, Klarman has been quoted as saying “The Baupost Group seeks situations triggered by urgent, panicked, or mindless selling.” Klarman also tends to emphasize the importance of risk management in value investing, and as a result will often times opt for doing nothing as opposed to putting his clients capital at risk. Klarman started Baupost shortly after receiving his MBA from Harvard in 1982 with $27 Million in investment... Mon, 16 Jun 2008 18:46:21 CDT http://www.stockpickr.com/port/Perry-Corp/ Texas based hedge fund with $5 billion under management that is known for its activist ways. Top new positions: HUM, NMX, GYI, BFAM, BK, COST As of 3-31-08 filing. Mon, 16 Jun 2008 18:40:21 CDT http://www.stockpickr.com/port/Mohnish-Pabrai/ As of 3-31-08 filing. New positions: LEA Monish Pabrai is a deep value investor noted for the similarity of his approach to that of his mentor Warren Buffet and his superior returns. Pabrai manages over $300 Million in his Pabrai Fund and according to his latest marketing documents has returned an annualized 26.2% since inception in 1999. His funds are structured similar to that of the original Warren Buffet Hedge Fund, in that he does not charge any fee for the first 6% in returns in any given year and then charges a 25% incentive fee on anything above 6%. Pabrai was interviewed in the April 5, 2006 issue of Barron’s and in it he described how he looks for “hated, distressed, thrown away businesses that are mis... Sun, 15 Jun 2008 00:24:55 CDT http://www.stockpickr.com/port/Jana-Partners/ New positions: OCR, ORCL, NOV, CPWR, MSFT, WYE, CMC, RAI, HNT Jana Partners is a $5 billion dollar activist fund based in San Francisco. The fund, run by Barry Rosenstein, has a value-oriented and research-intensive approach to special situation public securities, capitalizing on the transactional legal and finance backgrounds of the prinicpals. It has core long and short positions in companies in which it constantly reviews strategic alternatives. It also invests in underfollowed orphan equities and other event-driven strategies. Returns: 2003: +45% 2004: +26% 2005: +12% 2006: +16% In a 2004 article about leadership in BizNewOrleans.com, Rosenstein talks about the Martha Stewart case and his own views on stress and manag... Thu, 12 Jun 2008 20:02:51 CDT http://www.stockpickr.com/port/Citadel-Investment-Group/ As of 3-31-08 filing. Citadel Investment Group is a $20 billion dollar Chicago-based hedge fund founded by billionaire trader Kenneth C. Griffin, and is one of the world's largest hedge funds. The firm is known for its daily trading volume, which amounts to 1-2% of daily trading activity in New York and Tokyo. From inception through 2006, Citadel Investment Group had achieved an annualized net return of approximately 25%, making it one of the best performing hedge funds within that period. From website: "Since its founding in 1990, Citadel has grown into one of the world's most sophisticated alternative investment institutions. Our team of professionals allocates investment capital across a highly diversified set of propriet... Thu, 12 Jun 2008 19:52:46 CDT http://www.stockpickr.com/port/DE-Shaw-amp-Co/ As of 3-31-08 filing. The D. E. Shaw group is a global investment firm. Since its organization in 1988, the firm has earned an international reputation for financial innovation and an extraordinarily distinguished staff. The D. E. Shaw group encompasses a number of closely related entities with more than 1,000 employees, approximately $50 billion in aggregate investment capital, and offices in New York, London, Silicon Valley, Houston, Kansas City, San Francisco, Washington, D.C., Bermuda, and Hyderabad and Gurgaon, India. The firm has a significant presence in many of the world's capital markets, investing in a wide range of companies and financial instruments within both the major industrialized nations and a number of emerging mar... Wed, 11 Jun 2008 20:14:58 CDT http://www.stockpickr.com/port/UMB-Scout-Small-Cap-UMBHX/ This fund has a Morningstar rating of 5 stars and is run by Adrianne Valkar. Valkar is a portfolio manager for UMB. Valkar joined UMB Bank in 1994 and the Scout Investment Advisors, Inc. in 2001. She is a member of the American Business Women’s Association. UMB Scout Small Cap Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term growth of capital. The Fund invests at least 80% of its net assets in equity securities of smaller companies located anywhere in the United States, seeking out undervalued companies that show promise of long-term growth of capital and dividend income. Current Returns: 1-Year: 15.25% 3-Year: 14.72% 5-Year: 18.27% Wed, 11 Jun 2008 20:13:26 CDT http://www.stockpickr.com/port/SAC-Capital/ As of 3-31-08 filing. New positions: PBR Sold out of: MAR, PAR, BNCL SAC Capital Partners is a $12 billion dollar group of hedge funds founded by Steven A. Cohen in 1992. While SAC closely guards its returns, published reports and people who have seen the fund's letters to its investors say that SAC had a gross return, before its fees, of at least 40 percent in every year since inception, making it astoundingly successful. While most hedge funds charge a fee of 20% to 30% percent of the annual returns, SAC keeps 50% percent. According to Traders Monthly magazine, "Stevie" Cohen, was the second-highest paid hedge fund manager in the U.S in 2005, personally earning in excess of $1 billion. Cohen is regarded by many a... Sat, 07 Jun 2008 18:56:46 CDT http://www.stockpickr.com/port/Shamrock-Activist-Value-Fund/ Shamrock has utilized its activist strategy to invest over $825 million of investment capital in 30 companies and currently has $925 million of committed capital. Shamrock's activist investment philosophy relies on finding "deep value" companies to invest in and then buying influential equity stakes that permit "responsible activism." As of 3-31-08 filing Sat, 07 Jun 2008 18:52:47 CDT http://www.stockpickr.com/port/Nierenberg-Investment-Management/ Nierenberg Investment Management is run by David Nierenberg, a former management consultant and venture capitalist. NIM is the general partner of The D3 Family Funds, a group of private investment partnerships. Nierenberg has posted average annual returns of 20%+ over the last 10 year period. "The D3 Family Funds are growth-at-the-right-price (GARP) investors in micro-cap stocks, which it defines as companies with equity market capitalizations up to one billion dollars. D3 focuses on micro-caps for many reasons including "micro-caps remain an island of informational imperfection where insightful stock picking can produce sustained superior performance. This is possible because most micro-caps are not well followed by ... Sat, 07 Jun 2008 18:45:11 CDT http://www.stockpickr.com/port/Deltec-Asset-Management-LLC/ Deltec Asset Management is an $450 million dollar hedge fund based in New York City. Spun out of Kidder Peabody, Deltec is run by John Gordon and Arthur Byrnes. Gordon’s father, Al Gordon, started Kidder in 1931, started Deltec in 1985, and still occasionally comments on the markets. From a recent profile of him in Bloomberg: When it comes to investing, Gordon looks for companies that will grow for years, says Arthur Byrnes, who is co-head of Deltec Asset Management with Gordon's son John. "Despite the fact that he's an old man, he buys things not for a quick trade,'' Byrnes says. "Al is a long-term investor, if you can believe that someone who's 105 years old can be a long-term investor.'' Gordon favors countri... Thu, 05 Jun 2008 19:18:30 CDT http://www.stockpickr.com/port/Angelo-Gordon-amp-Co/ Angelo, Gordon & Co. is a privately-held registered investment advisor dedicated to alternative investing. The firm was founded in 1988 and currently manages approximately $1 billion. It seeks to generate absolute returns with low volatility by exploiting inefficiencies in selected markets and capitalizing on situations that are not in the mainstream of investment opportunities. As of 3-31-08 filing. Thu, 05 Jun 2008 19:15:15 CDT http://www.stockpickr.com/port/Tygh-Capital-Management/ From the Firm Website: "Tygh Capital Management, Inc. is an independent, employee-owned investment firm that specializes in small cap and small-mid cap growth investing for institutions. The firm was founded in July 2004 by Richard J. Johnson and Jeff B. Curtis, former senior executives of a large investment management firm in Portland, Oregon. Tygh Capital offers both separately managed accounts and an institutional mutual fund that invests in small cap growth stocks. The small cap growth strategy seeks to outperform the Russell 2000 Growth Index by investing in stocks of companies with market capitalizations generally between $100 million and $2 billion. We believe that stock prices follow earnings over the long term. The ... Wed, 04 Jun 2008 21:21:41 CDT http://www.stockpickr.com/port/Highbridge-Capital-Management-LLC/ Highbridge Capital Management, LLC, founded in 1992, is a multi-strategy global hedge fund with over $17 billion in current assets under management and 160 employees. The fund specializes in non-traditional investment management strategies with offices in New York, London, and Hong Kong. Highbridge has expertise across a range of arbitrage and absolute return investment strategies in the global equity markets. JPMorgan Asset Management formed a strategic partnership with Highbridge by purchasing a majority interest in the firm in December, 2004. As of 3-31-08 filing. Tue, 03 Jun 2008 18:41:08 CDT http://www.stockpickr.com/port/Defiance-Asset-Management/ Defiance Asset Management is a Pennsylvania based hedge fund founded by Robert Marcin. "I have noticed it and I frequently buy stocks when they have sells on them," says Robert Marcin, who runs a hedge fund called Defiance Asset Management in Conshohocken, Pa. "By the time analysts get around to putting sells on stocks, the stocks are probably primed to perform well." As of 3-31-08 filing. Tue, 03 Jun 2008 18:34:22 CDT http://www.stockpickr.com/port/LSV-Value-Equity-LSVEX/ This fund has a Morningstar rating of 5 stars and is run by Josef Lakonishok. Lakonishok has served as chief executive officer, partner for LSV Asset Management since its founding in 1994. He serves as a William G. Karnes professor of finance at the University of Illinois at Urbana-Champaign. He has more than 25 years of investment research experience. LSV Value Equity Fund is an open-end fund incorporated in the USA. The Fund's objective is to seek long-term growth of capital. The Fund invests primarily in common stocks of large and medium U.S companies which, in the Adviser's opinion, are out of favor (undervalued) in the marketplace at the time of purchase and have potential for near-term appreciation. Current Returns: 1-Yea... Mon, 02 Jun 2008 19:20:12 CDT http://www.stockpickr.com/port/Navellier-amp-Associates/ Navellier & Associates is a $3.8 billion fund run by Louis Navellier who has been dedicated to finding and exploiting inefficiencies in the stock market since 1980. Navellier's disciplined process is designed to identify stocks that should contribute significantly to overall portfolio outperformance against relative benchmarks. Here are its top holdings. As of 3-31-08 filing. Mon, 02 Jun 2008 19:15:46 CDT http://www.stockpickr.com/port/Dodge-amp-Cox/ Dodge & Cox is a $100 billion+ investment fund founded in San Francisco in 1930. The firm provides investment management services to individuals, retirement funds and tax exempt institutions. According to its website, 3 factors distinguish Dodge & Cox from other investment managers: “independence, longevity, and a clearly defined, consistently applied investment philosophy.” The firm has a long term focus and employs a rigorous price discipline. The firm’s Stock Fund has posted an annual average return of 14.47% over the past 10 years and 14.9% over the the past 20 years, easily outperforming the SP500. As of 3-31-08 filing Sun, 01 Jun 2008 16:11:16 CDT http://www.stockpickr.com/port/Janus-Adviser-Forty-A-JDCAX/ Janus Adviser Forty Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term growth of capital. The Fund invests in common stocks selected for their growth potential. The Fund may invest in companies of any size, from larger, well-established companies to smaller, emerging growth companies. This fund is currently run by Ron Sachs. Current Returns: 1-Year: 30.63% 3-Year: 20.84% As of 3-31-08 Fri, 30 May 2008 08:23:23 CDT http://www.stockpickr.com/port/Ramius-Capital-Group-LLC/ Ramius Capital Group, LLC is an investment management firm that pursues low-volatility absolute returns that are also “non-market-directional” in nature. The firm’s expertise lies in the allocation and management of a diverse series of strategies within various programs that seek to provide net annualized returns of 5 - 10% above the “risk-free” rate of the 91-day U.S. Treasury Bills (or 3 month USD LIBOR) over a complete market cycle, minimal volatility when compared to the historical return pattern of traditional asset classes such as equities and bonds, and low correlation of returns when compared to the historical return pattern of traditional asset classes. The firm’s goal is to provide ... Wed, 28 May 2008 18:19:24 CDT http://www.stockpickr.com/port/John-Keeley/ John L. Keeley, Jr., is President and Chief Investment Officer at Keeley Asset Management Corp., a registered investment adviser started in 1982 with $3.5 billion currently under management. Keeley is well known as a small cap investor but also manages both a mid-cap and all-cap value fund. Keeley Funds As of 3-31-08 filing. Wed, 28 May 2008 18:14:21 CDT http://www.stockpickr.com/port/Leucadia/ Often called the min-Berkshire, Leucadia is a diversified holding company that makes value investments and often takes controlling positions in companies. As of 3-31-08 filing. Wed, 28 May 2008 18:10:55 CDT http://www.stockpickr.com/port/Maverick-Capital/ As of 3-31-08 filing. New positions: SBUX, JPM, WYE, CG Maverick Capital is a $10 billion hedge fund with offices in Dallas and New York. It has long been known as one of the largest and most consistently successful hedge funds. It was started in 1993 with $38M in capital by Lee S. Ainslie III, who was a protégé of the legendary investor Julian Robertson at Tiger Management, one of the most successful hedge funds in history. Maverick is a little different than many of today’s hedge funds as it relies on old fashioned stock picking for its returns. In a recent interview with McKinsey Quarterly, Ainslie said “Maverick is more of a traditional hedged fund, investing only in equities and m... Tue, 27 May 2008 19:08:53 CDT http://www.stockpickr.com/port/Vinik-Asset-Management/ As of 3-31-08 filing. $9.5 billion dollar fund founded by former Fidelity legend Jeffrey Vinik. Mon, 26 May 2008 16:12:19 CDT http://www.stockpickr.com/port/George-Soros/ As of 3-31-08 filing. New positions: ANR, JOYG, IJH, TLM, FWLT George Soros, the founder of the Quantum Fund, is one of the most successful hedge fund investors ever. A $100,000 investment in his fund when he started in 1969 would've been worth $150mm by 1994. Soros's most famous investment was when he "broke the bank" in England by betting billions against the British pound on "Black Wednesday" in 1992. Forbes has Soros ranked at 27 in its "richest in America" list with a net worth tipping the scales at $8.5bb. Soros has always fashioned himself as more of a philosopher than an investor and that his skill as an investor is simply the successful application of his philosophy that he dubbed "R... Thu, 22 May 2008 23:32:40 CDT http://www.stockpickr.com/port/Okumus-Capital-LLC/ As of 3-31-08 filing. New Positions: CDNS, CA, QSFT Sold Out: BBBY, CMCSA, URI, MCO Ahmet Okumus founded Okumus Capital in 1997 and has served as President and Portfolio Manager since its formation. He heads the research and trading team and also provides leadership and strategic direction for the firm. Ahmet is a staunch disciple of the Graham and Dodd style of value investing. Ahmet, over the last 17 years, has applied the principles of deep value investing in his research, security analysis and stock selection. His track record has consistently been at the very top of all US equity managers. He set up his first hedge fund, Okumus Opportunity Fund, in 1997. This fund has compounded at nearly 35% net per year since inception. ... Wed, 21 May 2008 19:10:30 CDT http://www.stockpickr.com/port/Chapman-Capital/ New positions: TONE, MPG Chapman Capital is a $300 million dollar L.A. based activist fund run by Bob Chapman. Chapman is the colorful founder of the “13-D filing” that most activist hedge funds use today. Over the past 10 years, Chapman Capital has agitated successfully for the restructuring or sale of over 20 publicly-traded companies. He has been in the game since the late 1980s but following a surfing accident in October 2003, Chapman returned money to his investors in Chap-Cap, a fund that produced a 20% annual performance from 1996 to 2003, and embarked on a 49-nation travel odyssey. He continued to manage an activist side pocket during his sabbatical with a net return of 55% and 61.9% in 2004 and 2005, respect... Wed, 21 May 2008 19:00:49 CDT http://www.stockpickr.com/port/Ken-Fisher/ As of 3-31-08 filing. Ken Fisher, son of famous value investor and Buffett inspiration, Phil Fisher, is an investing legend now in his own right. He runs the $30bb Fisher Asset Management and CXOAdvisory.com ranks him as the number one market pundit out there and has tracked all his market timing calls. Additionally, he writes a column for Forbes magazine. The Fisher Investments website, www.fi.com, gives the following description for the investment management company: “Three decades ago, Kenneth L. Fisher, son of legendary investor Philip A. Fisher, began managing discretionary assets based on a fundamental belief in capitalism and how free capital markets function. Since it was first founded in 1979, and later incorporate... Wed, 21 May 2008 18:54:46 CDT http://www.stockpickr.com/port/Pirate-Capital/ As of 3-31-08 filing. Pirate Capital is a $150 million dollar activist hedge fund led by Tom Hudson. The fund will generally seek to employ an activist approach by obtaining positions in companies that provide the fund the opportunity to influence management and boards of directors to adopt strategies the Investment Manager believes will maximize shareholder value. Mon, 19 May 2008 20:10:27 CDT http://www.stockpickr.com/port/Bruce-Sherman-Private-Capital/ As of 3-31-08 filing. Bruce S. Sherman is Chief Executive Officer and Chief Investment Officer of Private Capital Management. He has led investment research and portfolio management activities since founding the firm in 1986. Sherman has been featured in the book Investment Gurus by Peter Tanous. Sherman's investment philosophy and money management approach are rooted in a basic value approach to buying stocks. It has worked out well as he has returned an astounding 20% annually since starting his fund. Mon, 19 May 2008 19:50:14 CDT http://www.stockpickr.com/port/AMG-Essex-Small-Micro-Cap-Growth-Fund-MBRSX/ Nancy Prial is the manager of the Managers AMG Essex Small/Micro Cap Growth Fund (MBRSX), which garners five stars from Morningstar and has annualized returns exceeding 16 percent. Though admittedly “battered and bruised” by today’s market climate, Prial continues to find emerging growth companies whose businesses are still improving. Prial looks for companies at an inflection point where a company’s revenue and earnings growth are not yet fully reflected in its share price. Right now, she’s focused on the biotech tool sector, including companies such as Illumina, whose pharmaceutical customers are investing heavily in new drug development. She also favors equipment suppliers to the alternative en... Thu, 15 May 2008 21:05:18 CDT http://www.stockpickr.com/port/Moore-Capital/ As of 12-31-07 filing. New positions: XLE, TDC, CA Moore Capital is a group of hedge funds with over $10 Billion in assets under management and is run by famed trader and fund manager Louis Bacon. Based out of Westport, CT, the group’s signature Moore Global Investments fund has returned an average of 24% per year since 1990, making Bacon one of the top fund managers of his generation. Bacon is a discretionary trader with a global-macro approach to trading. He is a graduate of Middlebury College and has an MBA from Columbia Business School. He started his career at Shearson Lehman and traded for several years at the famed Commodities Corp, where fellow superstar fund managers Paul Tudor Jones and Bruce Kovner also made a ... Thu, 15 May 2008 20:49:44 CDT http://www.stockpickr.com/port/Buffalo-Small-Cap-BUFSX/ This fund has a Morningstar rating of 4 stars and is run by Kent Gasaway. Gasaway is senior vice president and partner with Kornitzer Capital Management, his employer since 1991. Previously, Gasaway spent 10 years with Waddell & Reed Mutual Funds Group. Gasaway holds Chartered Financial Analyst designation. Buffalo Small Cap Fund is an open-end fund incorporated in the USA. The Fund invests at least 80% of its assets in equity securities issued by small capitalization companies. The Fund targets a mix of value and growth companies with average market caps of $1 billion or less. Current Returns: 1-Year: 10.96% 3-Year: 13.92% 5-Year: 21.44% Wed, 14 May 2008 19:01:26 CDT http://www.stockpickr.com/port/Grantham-Mayo-Van-Otterloo-amp-Co-GMO/ Grantham, Mayo, Van Otterloo & Co. (GMO), founded in 1977, is a privately held global investment management firm servicing clients in the corporate, public, endowment, and foundation marketplaces. The firm manages $127 billion (85% equities) in client assets using a blend of traditional judgments with innovative quantitative methods to find undervalued securities and markets. Jeremy Grantham serves as GMO's Chairman of the Board and oversees quantitative products and investment strategies. As of 12-31-07 filing. Tue, 13 May 2008 18:53:54 CDT http://www.stockpickr.com/port/Al-Frank-Asset-Management-VALUX/ As of 12-31-07 filing. Al Frank Asset Management is an $280 million deep value mutual fund. Their flagship fund, VALUX, the Al Frank Fund, has returned 16% annually since it started in 1998. They also write the Prudent Speculator newsletter, which has enjoyed a 20.61% annual return. The fund is managed by John Buckingham. Recently profiled in the April 9 Barrons. In the profile, Buckingham expressed confidence that the market is still cheap: "If you look at the big three equity benchmarks from Standard & Poor's, the large-cap S&P 500 now shows a 2007 forward price-earnings [P/E] ratio of 17.3, the mid-cap S&P 400 sports a forward P/E ratio of 17.4 and the small-cap S&P 600 boasts a forward P/E ratio of 18... Mon, 12 May 2008 18:02:09 CDT http://www.stockpickr.com/port/Fortress-Investment-Group/ Fortress Investment Group LLC is a leading global alternative asset manager with approximately $29.7 billion in assets under management, of which almost $10 billion is invested via its hedge fund. Fortress is headquartered in New York and has affiliates with offices in Dallas, San Diego, Toronto, London, Rome, Frankfurt and Sydney. Fortress was founded in 1998 as an asset-based investment management firm with a fundamental philosophy premised on alignment of interests with the investors in its funds. Fortress’s managed funds primarily employ absolute return strategies. Investment performance is Fortress’s cornerstone – as an investment manager, the firm earns more if its investors earn more. In keeping with the ... Mon, 12 May 2008 17:59:16 CDT http://www.stockpickr.com/port/Jennison-20-20-Focus-A-PTWAX/ This fund has a Morningstar rating of 3 stars and is run by Spiros Segalas. Segalas is the founding director and chief investment officer of Jennison Associates Capital Corporation. He began his investment career as a research analyst with Bankers Trust Company in 1960. Jennison 20/20 Focus Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term growth of capital. The Fund will invest at least 80% of its total assets in up to 40 equity-related securities of U.S. companies that are believed to have strong capital appreciation potential. The Fund may invest up to 20% of its assets in foreign securities. Current Returns: 1-Year: 20.30% 3-Year: 20.00% 5-Year: 19.30% Mon, 12 May 2008 17:56:50 CDT http://www.stockpickr.com/port/Greenlight-Capital-David-Einhorn/ As of 12-31-07 filing. Managed by David Einhorn, the Fund boasts annualized returns of 27% going back 10 years, and according to Barron’s was up 23% year-to-date at the end of November. The fund specializes in spinoff situations, and at one point had Motorola spinoff Freescale Semi as its biggest holding. When the stock was bought out in early December in the biggest LBO ever for the tech sector, the fund coined a year-to-date return of 58% on the 30% of its capital that it had committed to the position. In the March 2005 of issue of Value Investor Inight, Einhorn was quoted as saying: “We take the traditional value investor’s process and just flip it around a little bit. The traditional value investor asks &a... Wed, 07 May 2008 19:04:48 CDT http://www.stockpickr.com/port/Ave-Maria-Catholic-Values-Fund-AVEMX/ Socially responsible fund. Finished in top half of it Morningstar category for one, three, and five years. "The fund invests at least 80% of net assets in securities of companies believed by the sub-adviser to offer above-average potential for growth in revenues, profits or cash flow." The Fund invests in equity investments in companies that do not violate the core values and teachings of the Roman Catholic Church. The Fund intends to hold the stocks for three years or more. Current Returns: 1-Year: 7.02% 3-Year: 11.22% 5-Year: 15.17% Wed, 07 May 2008 19:02:06 CDT http://www.stockpickr.com/port/Columbia-Technology-A-CTCAX/ This fund has a Morningstar rating of 5 stars and is run by Wayne Collette. Collette is a portfolio manager and vice president for Columbia Advisors. He has been associated with Columbia Advisorsor its predecessors in 2001. Prior to that, Collette was an associate portfolio manager of Neuberger Berman from 1999 to 2001. Collette holds the Chartered Financial Analyst designation. Columbia Technology Fund is an open-end fund incorporated in the USA. The Fund's objective is capital appreciation. The Fund invests at least 80% of its total assets in stocks of technology companies that may benefit from technological improvements, advancements or developments. The Fund will invest in companies of all sizes. Current Returns: 1-Year: 30.05% ... Wed, 07 May 2008 19:00:32 CDT http://www.stockpickr.com/port/DKR-Capital/ $1.1 billion dollar Connecticut based hedge fund. Tue, 06 May 2008 19:33:55 CDT http://www.stockpickr.com/port/Caxton-Associates-Bruce-Kovner/ New positions: GRP, HPQ, UST, TPC, AVP Caxton Associates, L.L.C., is a $20 billion dollar New York-based trading and investment firm formed as the successor to Caxton Corporation, which was founded in 1983 by legendary billionaire macro trader Bruce Kovner. New York Magazine recently had a great profile on Kovner titled, “George Soros’s right wing twin. Caxton Associates' primary business is to manage client and proprietary capital through global macro hedge fund strategies as well as other alternative investment disciplines. Caxton Associates has been ranked one of the top 10 of the largest hedge funds in the world. Bruce Kovner was famously profiled in the book, “Market Wizards”by Jack Schwag... Mon, 05 May 2008 17:56:16 CDT http://www.stockpickr.com/port/BlackRock-Health-Sciences-Instl-SHSSX/ From the BlackRock Website: “The fund seeks to provide long-term growth of capital. Under normal market conditions, the fund invests at least 80% of total assets primarily in securities of global companies in health sciences and related industries, in all capitalization ranges.” Morningstar gives the fund 5 stars. The fund is managed by Thomas Callan. Morningstar has the following biography for him: Callan is a managing director and senior portfolio manager. Before becoming part of BlackRock,Callan had been with the PNC Asset Management Group, which he joined in 1992. He began his career at PNC Bank as a personal trust portfolio manager in 1988 and became a research analyst in 1992. Callan holds the Chartered Finan... Mon, 05 May 2008 17:54:58 CDT http://www.stockpickr.com/port/CGM-Focus-CGMFX/ As of 12-31-07 filing This fund has a Morningstar rating of 5 stars and is run by Kenneth Heebner. Heebner is general partner and portfolio manager with Capital Growth Management, instrumental in helping launch the firm in 1990. Previously, he spent 12 years as the head of the portfolio management group for Loomis Sayles & Company. Heebner also served as vice president with Scudder Stevens and Clark from 1971 to 1976. He began his career in 1965 as an economist with A & H Kroeger. Heebner holds the Chartered Financial Analyst designation. CGM Focus Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term growth of capital. The Fund is non-diversified and intends to invest in a smaller number of co... Mon, 05 May 2008 17:53:24 CDT http://www.stockpickr.com/port/Blackstone-Kailix-Advisors-LLC/ As of 12-31-07 filing. Blackstone Kailix Advisors LLC is the hedge fund arm of The Blackstone Group. New positions: MIR, MF, ROC, ATI, JBHT, NVT, SD, ZMH, FED, RTI, AMR, IBKR Sun, 04 May 2008 12:16:39 CDT http://www.stockpickr.com/port/Mazama-Capital-Management-Inc/ At the heart of Mazama's investment philosophy is the belief that exceptional investment returns can be achieved by investing in a diversified portfolio of quality companies that have made recent investments in people, products, plant and/or services and are now positioned to outperform expectations. Buying these quality, timely companies at a good valuation relative to their expected ROE and EPS growth rates enhances the opportunity for attractive gains and minimizes risk of downside price movements. Our fundamental, bottom-up approach to security selection includes detailed analysis of financials, discussions with company executives & employees, and timely visits to evaluate company operations. We compare notes between vendors, su... Sun, 04 May 2008 12:15:22 CDT http://www.stockpickr.com/port/Leon-Cooperman/ Leon G. Cooperman founded Omega Advisors, Inc., a $4.5 billion hedge fund based in New York City. Prior to starting Omega, Mr. Cooperman spent 25 years at Goldman, Sachs & Co., where he was a General Partner, and Chairman & Chief Executive Officer of Goldman's Asset Management division. Mr. Cooperman received his MBA from Columbia University and his undergraduate degree from Hunter College. As of 12-31-07 filing. Thu, 01 May 2008 19:02:30 CDT http://www.stockpickr.com/port/Heartland-Value-HRTVX/ Heartland Value Fund is an open-end fund incorporated in the USA. The Fund invests in common stocks of companies with market capitalizations of less than $1.5 billion selected on a value basis. From Barron's (1-8-07): "Heartland Value (HRTVX), with $2 billion in assets, though the survivor of a nasty six-year-old scandal involving municipal funds, still produces top-grade long-range performance in the equity arena. William J. Nasgovitz, 62, its portfolio chief, says the fund has produced an average annual return of 15.7% over its 22-year history. The secret? Heavy doses of micro-caps, stocks with market values of $300 million or less. That, Nasgovitz asserts, is "where the best capital appreciation can occur." Current ... Thu, 01 May 2008 19:00:27 CDT http://www.stockpickr.com/port/Optimum-Growth-Advisors-LLC/ Optimum Growth Advisors is an investment firm whose primary philosophy is to buy and hold the "BEST companies; those that are in the process of defining their industries and leading them into the future." The firm's goal is to "double in value every 5 to 6 years, which produces a 15% compounded annualized return." Thu, 01 May 2008 18:54:21 CDT http://www.stockpickr.com/port/Cascade-Investments/ Cascade Investments is Bill Gates' investment vehicle. New positions: FMX, KOF As of 12-31-07 filing. Wed, 30 Apr 2008 22:29:36 CDT http://www.stockpickr.com/port/Columbia-Acorn-Select-Z-ACTWX/ Columbia Acorn Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term growth of capital. They are long-term holders of stocks. From a recent interview with Charles McQuaid he said, "We're not going to sell a stock just because it hits some arbitrary price or market cap limit. We certainly have some large-cap stocks but they have done very well for us, and we have no reason to sell them." Because of their value focus, many of the companies they invest in become targets for acquirers. In 2006, 25 of the companies they invested in were bought, often at significant premiums to where they were trading. The Fund invests primarily in the stocks of small- and medium-sized companies. The Fund generally... Wed, 30 Apr 2008 22:24:52 CDT http://www.stockpickr.com/port/Royce-MicroCap-RYOTX/ The Royce MicroCap fund has a Morningstar rating of 4 stars ans is runn by Whitney George. George is a managing director and senior portfolio manager of Royce & Associates, LLC and a vice president of The Royce Funds, his employer since 1991. Prior to joining Royce, George held positions with Dominick & Dominick, Inc., WR Lazard & Laidlaw, Inc., Adams & Peck and Oppenheimer & Co. Inc. George has 24 years of investment management experience. Royce Micro-Cap Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term growth of capital. The Fund invests its assets primarily in a broadly diversified portfolio of equity securities issued by micro-cap companies, those with stock market capitalizations... Tue, 29 Apr 2008 19:13:10 CDT http://www.stockpickr.com/port/Vanguard-Health-Care-Adm-VGHAX/ This fund has a Morningstar rating of 5 stars and is run by Edward Owens. Owens is a senior vice president at Wellington Management Company, his employer since 1974. From 1968 to 1972, he was a nuclear engineer and submarine officer in the U.S. Navy. Owens holds the Chartered Financial Analyst designation. Vanguard Health Care Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term capital appreciation. The Fund invests at least 80% of its assets in the stocks of companies principally engaged in the development, production, or distribution of products and services related to the health care industry. Current Returns: 1-Year: 8.47% 3-Year: 15.52% 5-Year: 13.48% Tue, 29 Apr 2008 19:10:52 CDT http://www.stockpickr.com/port/Morgan-Stanley-Real-Estate-A-REFAX/ This fund has a Morningstar rating of 3 stars and is run by Theodore Bigman. Bigman is a managing director of Van Kampen, his employer since 1995. Between 1987 and 1995, he served as a portfolio manager with CS First Boston, where he established and managed the company's real-estate effort. Bigman is a member of both the National Association of Real Estate Investment Trusts and the International Council of Shopping Centers. Morgan Stanley Real Estate Fund is an open-end fund incorporated in the USA. The Fund's objective is high current income and long-term capital appreciation. The Fund invests at least 80% of its assets in equity securities of companies that are principally engaged in the U.S. real estate industry, including real estate ... Mon, 28 Apr 2008 18:26:47 CDT http://www.stockpickr.com/port/Stratton-Small-Cap-Value-STSCX/ This fund has a Morningstar rating of 4 stars and is run by Gerald Van Horn. Van Horn has served as a portfolio manager of Stratton Management from 2000 to the present. He joined Stratton Management Company as an equity research analyst in April of 1998. Van Horn holds the Chartered Financial Analyst designation. Stratton Small-Cap Value Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term capital appreciation. The Fund invests at least 80% of its net assets in common stock and securities convertible into common stock of small capitalization companies. These common stocks are of well-established U.S. companies that the advisor believes are undervalued. Current Returns: 1-Year: 6.30% 3-Year: 15.09... Sun, 27 Apr 2008 12:50:03 CDT http://www.stockpickr.com/port/Fifth-Third-Disciplined-LgCpVal-Instl-FEINX/ This fund has a Morningstar rating of 5 stars and is run by James Kirk. Kirk is a portfolio manager with Fifth Third Asset Management, Inc. his employer since August 2002. Previously, he was chief investment strategist and chief investment officer with National City Investment Management Co. Fifth Third Disciplined Large Cap Value Fund is an open-end fund incorporated in the USA. The Fund's objective is long-term capital appreciation with current income as a secondary objective. The Fund invests 80% of its total assets in equity securities of large capitalization companies. This consists of companies with at least $5 billion in market capitalization. Current Returns: 1-Year: 16.72% 3-Year: 13.68% 5-Year: 17.90% Sun, 27 Apr 2008 12:48:46 CDT http://www.stockpickr.com/port/Yale-University/ As of 12-31-07 filing. New Buys: AIG, BEN, RNOW, INFN The Yale University endowment, which totals about $18 billion, has been managed by David Swensen since 1985. Realizing an annual return of more than 17.2 percent on his investments over the last ten years, Swensen has added more than $12 billion to Yale's coffers, and his consistent track record has attracted the notice of Wall Street portfolio managers. Prior to becoming the manager at Yale, Swensen was a 6 year veteran of Wall Street at Lehman Brothers and at Solomon Brothers, focusing on complicated swap transactions and development of new technologies related to finance. When he joined the Yale Endowment as Portfolio Manager at the age of 31, he was an unconventional choi... Wed, 23 Apr 2008 19:34:15 CDT http://www.stockpickr.com/port/Eminence-Capital/ Eminence Capital is a $5 billion dollar NY based hedge fund. As of 12-31-07 filing. Sun, 20 Apr 2008 19:21:36 CDT http://www.stockpickr.com/port/Tudor-Investment-Corp/ As of 12-31-07 filing. New positions: OEF, GOOG, BIIB, MOS, MSFT, ETR, BRCD, MA, TDC The Tudor Group, which consists of Tudor Investment Corporation and its affiliates, is involved in active trading, investing and research in the global equity, debt, currency and commodity markets. Founded in 1980 by Paul Tudor Jones II, the firm currently manages $15.4 billion. The firm's investment strategies include global macro trading, fundamental equity investing in the U.S. and Europe, emerging markets, venture capital, commodities, event driven strategies and technical trading systems. Wed, 16 Apr 2008 18:39:37 CDT http://www.stockpickr.com/port/Turner-Emerging-Growth-TMCGX/ This fund has a Morningstar rating of 5 stars and is run by Frank Sustersic. Sustersic is a senior portfolio manager with Turner Investment Partners, his employer since 1994. Sustersic holds the Chartered Financial Analyst designation. Turner Emerging Growth Fund is an open-end fund incorporated in the USA. The Fund's objective is to provide capital appreciation. The Fund invests at least 80% of its assets in common stocks and other equity securities of U.S. companies with very small market capitalizations under $500 million that are believed to have strong earnings growth potential. Current Returns: 1-Year: 25.72% 3-Year: 18.53% 5-Year: 21.35% Tue, 15 Apr 2008 21:00:35 CDT http://www.stockpickr.com/port/Al-Gore-Generation-Investment-Management/ Al Gore, along with ex-Goldman Sach exec, David Blood, has founded Generation Investment Management. They currently have over $1bb under management and claim that returns are well above their benchmarks. As of 12-31-07 filing. Sun, 13 Apr 2008 14:11:25 CDT