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Top related persons:
Seth Klarman's Baupost - 4 Klarman - 2 Bill Ackman - 1 Ackman - 1 Michael Burry - 1 Ole Andreas Halvorsen zeroed - 1 David Tepper's - 1 Chase - 1
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Europe Coatue Warren New York Berkshire LSXMA LSXMK Omaha
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Nasdaq - 2 Pershing - 1 USA - 1 Wall Street Journal - 1 Bloomberg News - 1 Bloomberg - 1 Technology - 1 Nvidia - 1

Search resuls for: "Klarman's Baupost"


7 mentions found


☆ Bill Ackman seeking to raise $2 billion in Pershing Square fund IPO, lower than original expectations
  + stars: | 2024-07-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +1 min
Hedge fund manager Bill Ackman is looking to raise $2 billion in the initial public offering of Pershing Square USA, with 40 million shares priced at $50. The Pershing Square USA IPO will be in the form of a closed-end fund, and is expected to hold many of the same positions as Ackman's other vehicles. Pershing Square also has a closed-end fund in Europe, which trades at a discount to its net asset value. At one point, Pershing Square was looking to raise as much as $25 billion, according to the Wall Street Journal and Bloomberg News. (In an unusual circumstance, Pershing Square USA then disclosed the letter in a filing and officially disclaimed it.)
Persons: Bill Ackman, Ackman, Seth Klarman's Baupost Organizations: Pershing, USA, Wall Street Journal, Bloomberg News, Bloomberg Locations: Europe
☆ Trim Alphabet, buy Microsoft: How major hedge funds invested in tech during the first quarter
  + stars: | 2024-05-18 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Hedge funds took a diversified approach to technology investing in the first quarter as the sector built on its 2024 rally. Both Appaloosa and Coatue trimmed stakes in Nvidia during the period, with the latter shrinking his stake by 68% to $1.25 billion. Stanley Druckenmiller told CNBC last month that he cut his Nvidia stake in late March and called AI a "little overhyped" in the short run. Apple caught renewed attention from Viking Global and cuts from Coatue and Warren Buffett's Berkshire Hathaway. Coatue, Third Point, Viking Global and Tiger Global upped their Amazon stakes, while Appaloosa and D1 Capital trimmed their holdings.
Persons: Michael Burry, Ole Andreas Halvorsen zeroed, David Tepper's, Chase, Seth Klarman's Baupost, Dan Sundheim's, Phillippe Laffont's Coatue, Dan Loeb's, Halvorsen, Tepper, Sundheim, Laffont, Brad Gerstner, Stanley Druckenmiller, Warren Buffett's Berkshire, Coatue Organizations: Technology, Nasdaq, Nvidia, Meta, Capital, Microsoft, Street's, CNBC, Apple, Viking Global, Warren Buffett's Berkshire Hathaway, Tiger Global Locations: Coatue, Warren
☆ Warren Buffett's Berkshire Hathaway keeps buying Liberty's SiriusXM tracking shares. Here's why
  + stars: | 2024-01-28 | by ( Yun Li | ) www.cnbc.com   time to read: +4 min
Berkshire Hathaway continued to buy Liberty Media's tracking stock for New York-based satellite radio company SiriusXM in a likely merger arbitrage play. Billionaire John Malone's media conglomerate currently owns 84% of Sirius XM and has two tracking stocks that represent that stake in the streaming satellite music service — Liberty Media Corp. Series A shares, or LSXMA , and Liberty Media Corp. Series C shares, or LSXMK . Under the terms of the deal, expected to close early in the third quarter, each Liberty Media Sirius tracking share will be exchanged for 8.4 "new" SIRI shares, while "old" SIRI shareholders would receive new shares in a one-for-one exchange. Berkshire loading up In the past week, Warren Buffett's conglomerate added 438,945 shares of LSXMA and 1 million shares of LSXMK for nearly $45 million combined, according to regulatory filings . Berkshire first bought LSXMK in 2016 and now owns almost 22% of the tracking stock, according to FactSet.
Persons: Berkshire Hathaway, John, SIRI, Warren, Buffett, Ted Weschler, Todd Combs, Seth Klarman's Baupost, SIRI overvalued, Wells, Steven Cahall, Cahall, Jason Bazinet, Charlie Munger, Charlie, hasn't Organizations: Berkshire, Liberty, Sirius XM, — Liberty Media Corp, Liberty Media Corp, Nasdaq, Liberty Media, Liberty Media Sirius, Sirius XM Holdings, Sirius, Citigroup, Activision Blizzard, British Columbia Power, Monsanto, Bayer AG, IBM Locations: New York, Berkshire, LSXMA, LSXMK, Omaha
☆ Seth Klarman's Baupost bought 23 million shares of this data analytics stock last quarter
  + stars: | 2023-11-14 | by ( Alex Harring | ) www.cnbc.com   time to read: +1 min
Seth Klarman's Baupost Group snapped up millions of shares in a little-known data analytics stock in the third quarter, according to the latest regulatory fillings. The value-oriented, Boston-based hedge fund opened a 22.5-million share position in Clarivate Plc worth some $151 million in the third quarter, according to Baupost's 13F filing to the Securities and Exchange Commission. CLVT YTD mountain Clarivate shares this year Klarman picked up the stock as London-based Clarivate tumbled nearly 30% in the third quarter. Still, it's a relatively small position for Baupost, failing to crack the fund's top 10 holdings by dollar value, according to InsiderScore. The loss would be worse, but since the start of the fourth quarter, Dollar General is almost 15% higher.
Persons: Seth Klarman's Baupost, Klarman, Baupost, Willis, Watson Organizations: Securities and Exchange Commission, Jacobs Solutions, Semiconductor, Fidelity National, Viasat . Holdings, Amazon and Union Pacific Locations: Boston, Clarivate, London, Qorvo, Amazon
☆ Seth Klarman explains why he avoids crypto yet has a Coinbase investment
  + stars: | 2023-06-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +1 min
Veteran hedge fund manager Seth Klarman said Tuesday that his firm's investment in a key player in the crypto industry was a bet on cash, not the future of digital currency. Klarman's Baupost Group reported a $29 million stake in Coinbase at the end of the first quarter , but Klarman said on " Squawk Box " that it was a convertible debt investment and should not be seen as a bullish bet on Coinbase or crypto more broadly. "Our team is focused in the sector because there's been so much trouble in the sector, so we actually are invested in convertible bonds of Coinbase. Coinbase reported $5 billion in cash and cash equivalents at the end of the first quarter , compared with $3.4 billion of long-term debt. Klarman said he struggles to see the long-term case for crypto and has decided to stay on the sidelines, other than the debt investment.
Persons: Seth Klarman, Klarman, there's, Coinbase, I've, I'm Organizations: Klarman's Baupost, U.S . Securities, Exchange Locations: Coinbase
☆ Hedge funds bought the dip in Chinese stocks — here are their favorite ADRs
  + stars: | 2022-11-27 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Hedge funds bought the dip in Chinese stocks last quarter after many technology names sold off amid political uncertainty, according to Goldman Sachs. U.S. hedge fund ownership of Chinese ADRs increased modestly during the third quarter after declining for four straight quarters, according to Goldman. At the start of the fourth quarter, 20% of equity hedge funds had a long position in at least one Chinese stock, the firm said. Alibaba remained the most popular China ADR among U.S. hedge funds, and it's the only Chinese stock to be included in Goldman's Hedge Fund VIP list . Brad Gerstner's hedge fund Altimeter Capital bought $69 million worth of Pinduoduo last quarter, according to a filing.
☆ This ETF topped $1 billion in assets this week as investors flock to managed futures strategies
  + stars: | 2022-10-14 | by ( Jesse Pound | ) www.cnbc.com   time to read: +2 min
One of the best performing categories of the exchange-traded fund industry in 2022 eclipsed a key milestone this week, as the iMGP DBi Managed Futures Strategy ETF (DBMF) topped $1 billion in assets under management Managed futures strategies , which go short and long various contracts to make large macro bets, are one of the best performing sectors of funds in 2022. The fund is by far the largest managed futures ETF, according to VettaFi. It uses performance data from hedge funds to derive the positions likely held by large funds in key futures contracts, such as stocks, gold and oil. Before this year, the ETF's hedge fund-like strategy and small size made it difficult to attract new investors, Beer said. You want the space," Beer said.
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