Tracking Edward Lampert’s RBS Partners Portfolio - Q1 2017 Update

• Edward Lampert’s 13F portfolio value increased from $653M to $662M this quarter.
• RBS Partners increased Seritage Growth Properties.
• The largest three individual stock positions are Sears Holdings, AutoNation, and Lands End and they add up to ~89% of the portfolio.

Edward Lampert’s 13F portfolio value increased marginally from $653M to $662M this quarter. The portfolio is very concentrated with recent 13F reports showing just ~8 stakes. The top five positions are Sears Holdings (SHLD), AutoNation (AN), Lands’ End (LE), Sears Canada (SRSC), and Seritage Growth Properties (SRG) and they add up to ~98% of the 13F portfolio.

Below is a spreadsheet that shows the changes to Edward Lampert's RBS Partners US long portfolio holdings as of Q1 2017. For a look at how the portfolio has progressed, see our previous update:

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

Tracking Jim Chanos’ Kynikos Portfolio - Q1 2017 Update

• Jim Chanos’ 13F portfolio value increased from $420M to $427M this quarter.
• Kynikos decreased SPDR S&P Midcap 400 & SPDR S&P 500 ETFs while increasing Powershares QQQ.

Jim Chanos’ 13F portfolio increased marginally from $420M to $427M this quarter. Recent 13F reports show around 45 positions. As Kynikos is focused on short-selling, his long positions covered in the 13F are probably hedged. For an introduction to short-selling, check-out the book "Short Stories from the Stock Market: Uncovering Common Themes Behind Falling Stocks to Find Uncommon Short Ideas".

Below is a spreadsheet that shows the changes to Jim Chanos' Kynikos US long portfolio holdings as of Q1 2017. To have an idea of how the holdings have progressed click on our previous update:

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

Tracking Dinakar Singh’s TPG-Axon Portfolio - Q1 2017 Update

• Dinakar Singh’s 13F portfolio value decreased from $167M to $100M this quarter.
• TPG-Axon reduced Amaya and dropped Adeptus Health and Sabre Corp.
• The largest three individual stock positions are Allergan plc, Amaya Inc., and McKesson Corp. and they add up to ~60% of the portfolio.

Dinakar Singh’s 13F portfolio value decreased around 40% from $167M to $100M this quarter. The portfolio is very concentrated with recent 13F reports showing just a handful of positions. The top three positions are Allergan plc, Amaya Inc., McKesson Corp., Centene Corp. (CNC), and Tyson Foods and they add up to ~74% of the 13F portfolio.

Below is a summary:

Amaya Inc. (AYA): AYA is the second-largest stake at ~16% of the portfolio. The position was purchased over the four quarters thru Q1 2016 at prices between $10.50 and $28. Last quarter saw a ~26% reduction at prices between $13 and $17.50 and that was followed with a ~85% selling this quarter at around the same price-range. The stock is currently at $17.80.

Adeptus Health (ADPTQ): ADPTQ was a top-five holding first purchased in Q3 2015 at prices between $76 and $116. Q2 2016 saw a huge ~150% increase at prices between $45 and $72. There was a ~28% selling last quarter at prices between $7.50 and $43 and the remaining position was disposed this quarter at prices between $1.50 and $8.84. The stock is now at $1.73. TPG-Axon realized losses.

Allergan plc (AGN): AGN is currently the largest individual stock position at ~32% 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. Last quarter saw an about turn: ~85% reduction at prices between $189 and $243. The stock currently trades at $247.

Below is a spreadsheet that shows the changes to Dinakar Singh's TPG-Axon US long portfolio holdings as of Q1 2017. For a look at how the portfolio has progressed, see our previous update:

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .