StreetofWalls: 1Q 2012 Hedge Fund Intelligence Report Update

StreetofWalls.com (SOW) has released its "Hedge Fund Intelligence" report update for 1Q 2012 on the individual portfolio holdings of the top 22 Hedge Funds. As in the previous SOW reports posted on this blog, the basic inputs for the current update were drawn from SEC form 13-F filings.

Here's SOW's Quick Takeaways from the current report:

• The most crowded new ideas during the quarter were AAPL, GOOG, WYNN, and HCA. Other new positions shared among hedge funds but with less overlap were PCLN, DTV, LBTYA, SHW, ANV, NFLX, VRSN, SHW, TRIP, and SIRI;
• Excluding large allocation from Hayman, Financials saw a -2.0% decline in sector exposures. Low rates and mortgage related put-back problems in Financials may have led managers to trim and exit positions within the space throughout 2011 and into 2012;
• A majority of hedge funds largest positions were shared amongst the hedge funds in our universe. AAPL was by far the most crowded position in the top 12 holdings for hedge funds: Greenlight, Lone Pine, Appaloosa, Maverick, Passport, Blue Ridge, Coatue, and Tiger all have AAPL as one of the largest position in their holdings. Other large crowded positions include GOOG, ESRX, DLPH, QCOM, and C; and
• On average the funds listed below bought companies with a 2012 forward price to earnings ratio of 17.5x vs 18.6x last quarter. Appaloosa and Viking bought into the higher valuation stocks at 47.4x and 27.9x respectively while Glenview and Hayman bought into much lower valuations at 12.4x and 11.8x, respectively.

You can download the full FREE report here.

Resource: Free Downloadable Business eBooks

How many eBook publishers do you know that focus 100% on free books? Two days ago, I stumbled upon  the first book publishing company in the world to have done just that. Bookboon.com, which was originally established in Denmark in 1988 and now headquartered in London, has made it its mission to support students and business professionals by giving them access to free education.

Towards this end, they offer a range of over 250 free business books along with 500 textbooks for students and 250 travel guides, in seven languages, on their website. Bookboon.com is constantly expanding its book collection to new countries and languages.  Just to give you a flavor of the titles available from its website, here are just some of them:

Finance Books:  "Portfolio Theory and Investment Analysis"; "Corporate Finance: Part I"; "Corporate Finance: Part II"; "Enterprise Risk Analysis"; "Break-Even Analysis."

Economics Books: "Econometrics"; "The Stochastic Growth Model"; "Business Cycles and Financial Crises."

I enjoin you to check out their huge eBook collection here and download the books that you want or need (in PDF format) for free without registration. Good Luck! 

More Finance/Investment Books

If you're not a finance or business major but would like to cram on things about the investment banking business or get an intimate account of life on The Street, I invite you to check out the list of recommended books at the Wall Street Oasis (WSO) forum discussions on this matter at this link:  

http://www.wallstreetoasis.com/forums/favoritemost-interesting-finance-books

In my opinion, if you had time enough to read just one book, it would be best spent on  John Rolfe's and Peter Troob's "Monkey Business." It's downright funny and entertaining. I liked it a lot.

StreetofWalls: 4Q 2011 Hedge Fund Intelligence Report Update

StreetofWalls.com's (SOW) "Hedge Fund Intelligence" report update for 4Q 2011 on the individual portfolio holdings of the top 23 Hedge Funds was released recently. As in the previous SOW reports posted on this blog, the basic inputs for the current update were drawn from SEC form 13-F filings.

Here's SOW's Quick Takeaways from the current report:

• The most crowded new ideas during the quarter were DLPH, LMCA, and GLD. Other new positions shared among hedge funds but with less overlap were ORCL, VRUS, QCOM, YHOO, URI, TXN, WFC, and GOOG.
• Fund managers are adding exposure back into Financials and Healthcare after huge declines the last several quarters. Government reimbursement risks associated with the Healthcare sector and low rates and mortgage related put-back problems in Financials may have led managers to trim and exit positions within the space over 2Q11 and 3Q11 and re-enter under attractive valuations in 4Q11.
• A majority of hedge funds largest positions were shared amongst the hedge funds in our universe. AAPL was by far the most crowded position in the top 8 holdings for hedge funds: Greenlight, Lone Pine, Blue Ridge, Coatue, and Tiger all have AAPL as the largest position in their holdings. Other large crowded positions include GOOG, QCOM, LMCA, and AMT.
• On average, the funds listed below bought companies with a 2011 forward price to earnings ratio of 18.6x. Appaloosa and Baupost bought into the higher valuation stocks at 47.4x and 28.6x respectively while Glenview and Greenlight bought into much lower valuations at 13.4x and 14.1x respectively.

If you want more details, you can read and/or download the FREE REPORT here.