Friday, March 24, 2017

Hedge Fund Links ~ 3/24/17

Eton Park hedge fund to shut down [NYTimes]

The 34-year old hedge fund manager who bet everything on a stock that tanked [Forbes]

Top 25 highest earning hedge fund managers [Forbes]

What it's like to be a woman in the hedge fund business [Business Insider]

How a $26 billion hedge fund lures the beautiful minds [Bloomberg]

Simon Lack on hedge funds [Ritholtz]

Hedge funds' top secret social network is... Yahoo? [fnLondon]

Preet Bharara: a prosecutor who knew how to drain a swamp [NYTimes]

Viking Global Adds To Gulfport Energy Stake

Andreas Halvorsen's hedge fund firm Viking Global has filed a 13G with the SEC regarding its position in Gulfport Energy (GPOR).  Per the filing, Viking now owns 5.8% of the company with over 9.13 million shares.

They've boosted their position size by over 2.83 million shares since the end of 2016 when they owned 6.29 million shares.  The filing was made due to activity on March 10th.

We've highlighted other recent portfolio activity from Viking Global here.

Per Google Finance, Gulfport Energy is "an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company's properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields. The Company also has an interest in producing properties in Northwestern Colorado in the Niobrara Formation and in Western North Dakota in the Bakken Formation. The Company also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC and an interest in an entity that operates in the Phu Horm gas field in Thailand. The Company also owns interests in various fields, which includes Deer Island, Fay South, Crest, Squaw Cheek, Green River Basin and Watonga Chickasha Trend."

Eminence Capital Trims Autodesk Position

Ricky Sandler's hedge fund firm Eminence Capital has filed an amended 13D with the SEC regarding its stake in Autodesk (ADSK).  Per the filing, Eminence now owns 3.6% of Autodesk with 8.01 million shares.

Per the filing, Eminence sold 3.47 million shares on March 16th at $88.08.

It notes they sold "solely for portfolio management reasons.  Due to the significant price appreciation of the Shares since their original investment the Reporting Persons’ position in the Shares had significantly increased as a percentage of total assets under management. The Reporting Persons’ position in the Shares remains the largest position owned by the Reporting Persons. The Reporting Persons are pleased with the progress that has been made in both the Issuer’s business model transition and operating fundamentals and remain confident in the Issuer’s ability to continue to create value for shareholders."

We've highlighted other recent portfolio activity from Eminence Capital here.

Per Google Finance, Autodesk is "a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. It operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to professionals, post-production facilities and broadcasters for a range of applications. Its software products enable its customers to experience their ideas before they are real by allowing them to imagine, design and create their ideas and to visualize, simulate and analyze real-world performance in the design process by creating digital prototypes."