Thursday, May 22, 2014

See What Top Hedge Funds Have Been Buying: New Q1 Issue Released Today

The brand new Q1 2014 issue of our premium publication, Hedge Fund Wisdom, was just released today.  Subscribers please login at to download it.

Inside The New Issue

- The latest portfolios of 25 top hedge funds:  See the latest positions from David Tepper, Steve Mandel, Seth Klarman, John Paulson, and many more.

- In-depth equity analysis of 2 stocks:  Hedge funds bet big on these 2 stocks recently. Play catch-up quickly with detailed bull and bear case analysis.

- New consensus buy/sell section: Top 5 new buys, top 5 sells, top 5 additions, top 5 reductions.  Each list shows the most popular stocks among top managers.

- Expert commentary on each fund's moves:  We've been tracking these funds for over 6 years and explain the quick thesis behind some more of their trades.

- 1 convenient document (93 pages):  All the latest hedge fund data aggregated in one place to save you time. Search the PDF for your favorite manager or stocks with ease.

To Read The New Issue, Sign Up Below

1 Year Subscription (4 issues, save 20% with this option): $299.99 per year

Quarterly Subscription: $89.99 per quarter

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Capitalize For Kids Investors Conference in Toronto: Ainslie, Lasry, Robbins, Dinan & More

Today we're proud to introduce the Capitalize for Kids Investors Conference that will take place October 23-24 at Arcadian Court in Toronto, Canada.  This is the first major conference of its kind in Canada so it's a great opportunity for those of you based there.

Their goal is to annually raise over $1 million for the Hospital for Sick Children.  This year they'll be raising capital for the Centre for Brain and Mental Health.  To learn more about the conference, head to the Capitalize for Kids website.

Speakers List

- Lee Ainslie, Maverick Capital
- Marc Lasry, Avenue Capital
- Larry Robbins, Glenview Capital
- Jamie Dinan, York Capital
- Jeff Smith, Starboard Value
- Steve Shapiro, GoldenTree Asset Management
- Jody LaNasa, Serengeti Asset Management
- Jacob Doft, Highline Capital
- Michael Thompson, BHR Capital
- Brian Zied, Charter Bridge Capital
- Frank Brosens, Taconic Capital
- Evan Vanderveer, Vanshap Capital
- Jeff Hales, Alignvest Capital
- Scott Ferguson, Sachem Head Capital
- Chuck Akre, Akre Capital
- Guy Gottfried, Rational Capital
- Sahm Adrangi, Kerrisdale Capital
- John Thiessen, Vertex One

As you can see, this event is absolutely loaded with quality speakers in order to benefit the Hospital.  In addition to the conference, if you join the cause you will also receive actionable investment ideas from several research partners throughout the year.  They include Horizon Kinetics, Veritas Investment Research, Voyant Advisors and many more.

Embedded below is the flyer for the event:

To hear investment ideas from these hedge fund managers, register for the event by clicking here. It should be a great conference benefiting a great cause.

NYU Stern Evaluation Investment Newsletter: Marc Lasry Interview

NYU Stern's student-run investment newsletter Evaluation is out with its second issue.  This time around, they focus on distressed investing with interviews with Avenue Capital's Marc Lasry, as well as bankruptcy expert Dr. Ed Altman, among others.

Also featured are investment pitches from the Stern Investment Idea contest.  Ideas include long Urban Outfitters (URBN), short Ulta Salon (ULTA), long Apple (AAPL), long Bonanza Creek Energy (BCEI), long Wisdom Tree (WETF), long Amerco (UHAL), and long FTI Consulting (FCN).

Embedded below is the second edition of NYU Stern's Evaluation investment newsletter:

If you missed it, we posted NYU Stern's inaugural issue here as well.

Marcato Capital Files 13D on Life Time Fitness

Mick McGuire's hedge fund firm Marcato Capital Management has filed a 13D with the SEC on Life Time Fitness (LTM).  This is a brand new position for the hedge fund and they now own 7.2% of the company with over 2.9 million shares.

The filing was made due to activity on May 12th.  The activist investor included the typical boilerplate in the 13D and didn't outline any specific plans at this time.

Marcato's position is comprised of various stock options as they have calls referencing an aggregate of over 1.7 million shares with an exercise price of $30 and expire in July 2014.  They also sold put options for the same underlying amount of shares with the same strike and expiration date.  They've also entered into swaps.

Their trading activity log shows they were buying stock at the end of March around $47.80, the end of April around $47.74 and in the middle of may around $48.45.

Per Google Finance, Life Time Fitness is "operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment."

For more on this hedge fund, check out Marcato's presentation on Sotheby's & Dillards.