Below is a spreadsheet that highlights the changes to Richard C. Blum's Blum Capital Partners US long stock portfolio as of Q4
2013. Please check out our previous update to have an idea on how the portfolio is progressing:
Blum Capital Partners runs a heavily concentrated portfolio with over 60% allocated to a single long position in CBRE Group (CBG). Blum Capital has ownership of just under 5% of CBRE Group's and just under 5% of Career Education's outstanding shares. This quarter saw a 30% stake reduction in ITT Eductional Services (ESI) to a 12.05% of the US long portfolio position, and a ~10% stake reduction in SEI Investments (SEIC) to a 4.85% of the US long portfolio position.
To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.
Blum Capital Partners runs a heavily concentrated portfolio with over 60% allocated to a single long position in CBRE Group (CBG). Blum Capital has ownership of just under 5% of CBRE Group's and just under 5% of Career Education's outstanding shares. This quarter saw a 30% stake reduction in ITT Eductional Services (ESI) to a 12.05% of the US long portfolio position, and a ~10% stake reduction in SEI Investments (SEIC) to a 4.85% of the US long portfolio position.
To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.
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