·
Dinakar Singh’s 13F portfolio value decreased
from $106M to $78M this quarter.
·
TPG-Axon dropped Time Warner and decreased
Facebook, Allergan, Centene, and Alphabet during the quarter.
·
The largest three individual stock positions are
Allergan, Centene, and The Stars Group and they add up to ~41% of the
portfolio.
Dinakar Singh’s 13F portfolio value decreased ~27% from $106M
to $78M this quarter. The portfolio is very concentrated with recent 13F
reports showing just a handful of positions. The top five positions are
Allergan plc, Centene, The Stars Group, Playa Hotels, and McKesson. They add up
to ~64% of the 13F portfolio.
Below is a summary:
Allergan plc (AGN):
AGN is currently the largest individual stock position at ~14% of the entire
13F assets. The stake was established in Q3 2015 at prices between $279 and
$331. Q2 2016 saw a ~38% increase at prices between $202 and $278 and that was
followed with another ~20% increase the following quarter at prices between
$231 and $260. Q4 2016 saw an about turn: ~85% reduction at prices between $189
and $243. The stock currently trades at $183. There was a ~17% trimming in Q2
2017 while the following quarter saw a one-third increase at prices between $202
and $256. There was a ~40% selling in Q4 2017 at prices between $164 and $211
while last quarter saw a ~21% increase. This quarter saw a ~37% reduction at
prices between $151 and $191.
Below is a spreadsheet that shows the changes to Dinakar
Singh's TPG-Axon US long portfolio holdings as of Q2 2018. For a look at how the
portfolio has progressed, see our previous update:
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