DISQUS

keith · 1 year ago

This is really old data. The 13F came out in Aug!

marketfolly · 1 year ago

yep, i mentioned in the article the holdings were as of june 30th. just giving people perspective as to what names hedge funds will be selling off in the deleveraging/redemption process.

the next filings are not until november and since they only file quarterly, this is the most recent data there is

TraderMark · 1 year ago

Slowpoke!

lol

Dude you can tell from the stock performance they were not buying any dip - they're puking, and hard

when did you write this? you wrote CLF 48
today CLF 37!!!!!!!!! down 21%

AKS down 17% to $20!

puke puke puke

The Deal Sleuth · 1 year ago

You should not interpret 13F filings too much. They only report long positions. You don't know the short side of the trade. For a fund like Harbinger, the short makes all the difference. CPO, for example, is likely to be merger arb play and will have an offsetting short in BG. So what if they added to CPO at 50+? They probably shorted BG at 110 and locked in the spread.

marketfolly · 1 year ago

oh yea of course. they're a lagging indicator and are mainly just a tool to get a sense as to what companies they're going long in a particular sector. i've mentioned in my preface posts that the short side is "invisible" to us and that technically is the most important side of funds' books since its so secretive/protected.

i still think its interesting to track though just because you can tend to see how various funds work with their strategies over time in accumulating a position versus trading in/out of one. plus, in times like these, its a great tool to have to see exactly where these funds are hurting from poor performance. especially, say in Atticus Capital's case. Their top holdings have been murdered. The redemption/liquidation/front-running trade is still very much on.

TraderMark · 1 year ago

See the post I just put up on my blog

Maverick was murdered in September, along with the whole industry

as I wrote in the above post - they have not 'sidestepped' - they are indeed the ones doing this forced selling - they are puking.