Tuesday, November 22, 2016

New Issue Of Our Quarterly Newsletter Just Released: See What Top Hedge Funds Are Buying & Selling

The brand new Q3 issue of our Hedge Fund Wisdom newsletter was just released and summarizes the latest 13F filings of 25 top hedge funds.  Subscribers: please login at www.hedgefundwisdom.com to download.

Featured In The Brand New Issue

- Investment Thesis Summaries of 2 stocks hedge funds have been active in: Find out which stocks and why.  The 2 stocks that were featured in our August issue are up 30% and 4.5% versus 0.6% for the S&P 500.

- Consensus Buy / Sell Lists: See what the most popular stocks are

- Reveals Portfolios of 25 Top Investors (With New Funds This Issue): The newsletter now also includes Glenn Greenberg's Brave Warrior Advisors & John Scully's SPO Advisory, along with 23 others (full list here)

- Commentary On Each Fund's Moves: Including short positions in European markets

To see what the newsletter looks like, check out a free full past issue here. 

To Read The New Issue Immediately, Subscribe Below

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

Quarterly Subscription: $89.99 per issue

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Monday, November 21, 2016

Last Chance: Next Week's Family Office Super Summit

We’re coming down to the wire for the Family Office Super Summit taking place in Miami next week. If you did plan to attend be sure to take advantage of the amazing offer that Market Folly has negotiated with the Family Office Club. Market Folly readers can attend this 2-day conference for just $299 (compared to $699 standard price). To save big, use promo code “Save400” on the form at the bottom of this page: http://FamilyOffices.com/Super  

This is an exceptional opportunity to connect face-to-face with the wealth managers that oversee  billions of dollars for some of the most successful and affluent families in the world. Family office-led panel discussions and presentations will cover a range of topics including allocation trends, fund manager selection, co-investing, and more. To see the agenda, speaker lineup, and everything that is included with your admission visit http://FamilyOffices.com/Super  

Remember: as a Market Folly reader you can attend this world-class event for just $299 so register today using the promo code “Save400” at http://FamilyOffices.com/Super or sign up over the phone by calling Sophia Akom at the Family Office Club at (305) 503-9077.  See you next week in South Florida.

PointState Capital Discloses Comstock Resources Stake

Zach Schreiber's hedge fund firm PointState Capital has filed a 13G with the SEC on shares of Comstock Resources (CRK).  Per the filing, PointState now owns 9.99% of the company with 1.49 million shares.

This is a newly disclosed equity position for the firm and the filing was made due to activity on November 8th.

Per Google Finance, Comstock Resources is "an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company's oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Company's properties in the East Texas/North Louisiana region include approximately 80,660 acres in the Haynesville or Bossier shale formations. The Company's Eagleville field includes approximately 30,220 acres located in the oil window of the Eagle Ford shale in South Texas. The Company owns interests in over 1,575 producing oil and natural gas wells, and operates over 950 of these wells. The Company owns interests in over 20 wells in the Rosita field, located in Duval County, Texas."

Stone House Capital Reduces USA Truck & A.M. Castle Positions

Mark Cohen's investment firm Stone House Capital has submitted two filings to the SEC regarding its positions.

Reduces USA Truck (USAK) Stake

First, in a 13G with the SEC regarding shares of USA Truck (USAK), Stone House disclosed it now owns 7.1% of USAK with 588,961 shares.

This is a reduction of 246,039 shares since the end of the second quarter when they previously owned 835,000 shares.  The filing was made due to activity on November 15th.

Per Google Finance, USA Truck is "a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services. The SCS segment consists of freight brokerage and rail intermodal services. The Company transports full dry van trailer loads of freight from origin to destination without intermediate stops or handling. The Company offers a range of truckload and logistics services to a customer base that spans a range of industries. The Company's fleet of approximately 1,832 tractors consists of 1,568 company tractors and 264 independent contractor tractors. The Company owns approximately 6,200 trailers. The Company also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo, Texas."

Also Trims A.M. Castle (CAS) Position

Second, Stone House also filed an amended 13D with the SEC regarding its stake in A.M. Castle (CAS).  Per that filing, Stone House now owns 10.9% of CAS with 3.55 million shares.

This is also a reduction of 448,065 shares since the end of the second quarter when it owned 4 million shares previously. 

The filing indicates they were selling on November 9th, 201th, 11th, and 14th at prices of between $0.4962 and $0.5313.

Per Google Finance, A.M. Castle is "a specialty metals distribution company. The Company operates through two segments: Metal and Plastics. In its Metals segment, the Company focuses on distributing engineered specialty grades and alloys of metals, as well as providing specialized processing services. Its products include alloy, aluminum, nickel, stainless steel, carbon and titanium. Inventories of these products assume various forms, such as plate, sheet, extrusions, round bar, hexagon bar, square and flat bar, tubing and coil. The Company's Plastics segment includes its subsidiary, Total Plastics, Inc. (TPI). The Plastics segment stocks and distributes a range of plastics in forms that include plate, rod, tube, clear sheet, tape, gaskets and fittings. Processing activities within this segment include cut-to-length, cut-to-shape, bending and forming according to customer specifications. The Company distributes and performs processing on both metals and plastics."