>>>viking Global (Andreas Halvorsen) discloses updated portfolio positions in 13

Viking Global (Andreas Halvorsen) discloses updated portfolio positions in 13F filing: New XP AMLX OTIS MA MET positions, Exited FIGS COUP PTON

Highlights from 2022 Q1 filing as compared to Q4 2021:
  • New positions in: XP (~9.44 mln shares), AMLX (~7.17 mln), OTIS (~3.54 mln), PRGO (~2.53 mln), MA (~1.79 mln), MET (~1.36 mln), UNM (~1.14 mln), PGR (~1.04 mln), BX (~0.51 mln), BA (~0.31 mln)
  • Increased positions in: BEKE (to ~13.44 mln shares from ~2.92 mln shares), FTV (to ~12.03 mln from ~8.48 mln), IFF (to ~3.8 mln from ~0.51 mln), HDB (to ~7.07 mln from ~4.85 mln), LI (to ~6 mln from ~4.49 mln), CLDX (to ~1.85 mln from ~0.76 mln), MMC (to ~2.25 mln from ~1.26 mln) NTLA (to ~2.47 mln from ~1.58 mln), BMRN (to ~3.75 mln from ~2.87 mln), MTCH (to ~2.74 mln from ~1.9 mln)
  • Maintained positions in: ROIV (~88.24 mln shares), APG (~33.46 mln shares), ADPT (~29.99 mln shares), BBIO (~26.62 mln shares), CMCSA (~14.08 mln shares), TMUS (~13.42 mln shares), UBER (~10.44 mln shares)
  • Closed positions in: FIGS (from ~14.74 mln shares), COUP (from ~4.17 mln), PTON (from ~3.95 mln), AHCO (from ~3.95 mln), RUN (from ~3.82 mln), TWLO (from ~2.98 mln), AIG (from ~2.9 mln), HUM (from ~2.66 mln), AIZ (from ~1.72 mln), XPEV (from ~1.46 mln)
  • Decreased positions in: DNA (to ~51.06 mln shares from ~311.97 mln shares), BSX (to ~12.84 mln from ~18.96 mln), AVTR (to ~3.46 mln from ~8.79 mln), GE (to ~12.81 mln from ~18.04 mln), FTCH (to ~2.82 mln from ~5.95 mln), VTEX (to ~0.03 mln from ~3.02 mln), JD (to ~1.75 mln from ~3.77 mln), V (to ~2.6 mln from ~3.97 mln), PRCT (to ~3.66 mln from ~4.91 mln), THC (to ~2.23 mln from ~3.21 mln)

>>> US After Hours Summary: UAL +3.2% gets more bullish on Q2 outlook; SSYS +3.7

After Hours Summary: UAL +3.2% gets more bullish on Q2 outlook; SSYS +3.7%, TTWO +3.5% higher on earnings; GLBE -27% falls on earnings;

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: FXLV +8.7%, SHLS +7.2%, NU +6.6%, GAN +6%, RKLB +5.2% (also CAPSTONE spacecraft preps for launch to lunar orbit), IONQ +4.3%, SSYS +3.7%, TTWO +3.5%, UAL +3.2% (sees higher unit revenue outlook for Q2, demand continues to improve), TME +2.6%, MVST +2.1%, CCSI +1.8%

Companies trading higher in after hours in reaction to news: UGI +2.9% (receives funding for RNG projects), IMPL +2.8% (files for $200 mln mixed securities shelf offering), FFIE +0.8% (provides update on status of SEC filings), ABT +0.3% (enters into consent decree with FDA related to infant formula plant, could restart plant within two weeks; also confirms FY22 EPS guidance), LXU +0.1% (authorizes new $50 mln share repurchase program), BRO +0.1% (acquires assets of Claim Tech)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: GLBE -27%, BZFD -10.6%, HPK -7.9%, ALBO -7.8%, DAC -3.2%

Companies trading lower in after hours in reaction to news: NLY -3.1% ($100 mln stock offering), IREN -2.7% (names new CFO), ESEA -1.4% (signs contract for construction of additional fuel efficient containerships), GILD -0.4% (FDA lifts hold on IND for lenacapavir for HIV), EAT -0.2% (CEO Wyman Roberts to retire, Kevin Hochman named successor), AGCO -0.1% (provides update on ransomware attack)

>>> Greenlight Capital (David Einhorn) discloses updated portfolio positions in

Greenlight Capital (David Einhorn) discloses updated portfolio positions in 13F filing: Confirms new SWN INSW SNX WFRD positions, Exited SONO FREY TWTR

Highlights from 2022 Q1 filing as compared to Q4 2021:
  • New positions in: SWN (~4.13 mln shares), INSW (~1.02 mln), WFRD (~0.7 mln), SNX (~0.17 mln), FCG (34K), XLE (14.7K) 
  • Increased positions in: KD (to ~2.42 mln shares from ~0.92 mln shares), TLIS (to ~2.24 mln from ~1.57 mln), PLBY (to ~0.82 mln from ~0.41 mln), CC (to ~2.14 mln from ~1.74 mln), REZI (to ~1.51 mln from ~1.17 mln), CIVI (to ~0.28 mln from ~0.12 mln), CHNG (to ~3.75 mln from ~3.64 mln) LIVN (to ~0.44 mln from ~0.34 mln), GLD (to ~0.18 mln from ~0.12 mln), AAWW (to ~0.85 mln from ~0.82 mln)
  • Nearly maintained positions in: GRBK (~17.04 mln shares), SLV (~1.56 mln shares), ODP (~1.41 mln shares), GPK (~0.83 mln shares), GPN (~0.51 mln shares), INTC (~0.31 mln shares)
  • Closed positions in: SONO (from ~0.44 mln shares), FREY (from ~0.35 mln), TWTR (from ~0.24 mln), JACK (from ~0.21 mln), SATS (from ~0.08 mln), CNXC (from ~0.05 mln), SAVA (from ~0.04 mln)
  • Decreased positions in: TECK (to ~2.98 mln shares from ~3.4 mln shares), CEIX (to ~1.47 mln from ~1.88 mln), GPRO (to ~2.7 mln from ~2.93 mln), BHF (to ~3.64 mln from ~3.79 mln), ASTS (to ~0.43 mln from ~0.57 mln), CPRI (to ~0.78 mln from ~0.88 mln), GLPG (to ~0.16 mln from ~0.19 mln), ME (to ~0.07 mln from ~0.1 mln), VSCO (to ~0.44 mln from ~0.45 mln)

>>> ValueAct (Jeffrey Ubben and Bradley Singer) discloses updated portfolio posi

ValueAct (Jeffrey Ubben and Bradley Singer) discloses updated portfolio positions in 13F filing: New BLD position, Affirms increased NSIT holding

Highlights from 2022 Q1 filing as compared to Q4 2021:
  • New positions in: BLD (~0.21 mln shares)
  • Increased positions in: NSIT (to ~3.54 mln shares from ~3.32 mln shares)
  • Maintained positions in: KKR (~22.61 mln shares), LKQ (~17.55 mln shares), C (~13.85 mln shares), FISV (~13.04 mln shares), CBRE (~9.23 mln shares)
  • Decreased positions in: TRN (confirms lowered holding to ~0.09 mln shares from ~3.87 mln shares), STX (confirms lowered holding to ~13.44 mln from ~15.49 mln), BHC (to ~14.43 mln from ~15.62 mln), SLM (confirms lowered holding to ~13.9 mln from ~14.6 mln)

>>> Paulson & Co (John Paulson) discloses updated portfolio positions in 13F fil

Paulson & Co (John Paulson) discloses updated portfolio positions in 13F filing: New AEM GLD positions, Exited BP CERN

Highlights from 2022 Q1 filing as compared to Q4 2021:
  • New positions in: AEM (~1.03 mln shares), GLD (~1 mln)
  • Increased positions in: DIDI (to ~33.15 mln shares from ~11.9 mln shares), KWEB (to ~3.31 mln from ~0.5 mln), TELL (to ~7 mln from ~5 mln), BABA (to ~0.05 mln from ~0.02 mln)
  • Maintained positions in: THM (~61.93 mln shares), BHC (~25.84 mln shares), NG (~22.23 mln shares), ENDP (~17.33 mln shares), BSIG (~8.95 mln shares), AU (~5.97 mln shares), GOLD (~4.55 mln shares), SSRM (~3.12 mln shares), APA (~3 mln shares),
  • Closed positions in: BP (from ~1 mln shares),  CERN (from ~0.47 mln), TTE (from ~0.46 mln)
  • Decreased positions in: TIMB (to ~0.96 mln shares from ~3.9 mln shares), PCRX (to ~0.5 mln from ~1.7 mln), NMRK (to ~1.4 mln from ~2.32 mln), OXY (to ~3.1 mln from ~3.75 mln), HZNP (to ~5.61 mln from ~6 mln), XOM (to ~1 mln from ~1.13 mln)

>>> Jana Partners (Barry Rosenstein) discloses updated portfolio positions in 13

Jana Partners (Barry Rosenstein) discloses updated portfolio positions in 13F filing: Exited M LPSN, Affirmed increased ZEN holding

Jana Partners (Barry Rosenstein) discloses updated portfolio positions in 13F filing: New positions Highlights from 2022 Q1 filing as compared to Q4 2021:
  • Increased positions in: ZEN (to ~3.1 mln shares from ~2.39 mln shares)
  • Maintained positions in: CAG (~8.05 mln shares), THS (~5.13 mln shares), EHC (~2.83 mln shares), LH (~0.45 mln shares)
  • Closed positions in: M (from ~0.76 mln shares), LPSN (from ~0.46 mln)
  • Decreased positions in: MRCY (to ~3.24 mln shares from ~3.56 mln shares), SPY (to ~0.31 mln from ~0.33 mln)

>>> Third Point (Dan Loeb) discloses updated portfolio positions in 13F filing:

Third Point (Dan Loeb) discloses updated portfolio positions in 13F filing: New CSX SU AA OVV positions, Exited GRAB ALIT AES CSGP

Highlights from 2022 Q1 filing as compared to Q4 2021:
  • New positions in: CSX (~7.39 mln shares), SU (~3.5 mln), AA (~2.38 mln), OVV (~2.25 mln), CVE (~2 mln), IR (~1.53 mln), MOS (~1.28 mln), ADGI (~0.99 mln), WDC (~0.15 mln)
  • Increased positions in: EQT (to ~8.95 mln shares from ~4.98 mln shares), HTZ (to ~6.62 mln from ~6 mln), ZEN (to ~1.9 mln from ~1.3 mln)
  • Maintained positions in: S (~26.31 mln shares), DD (~3.36 mln)
  • Closed positions in: GRAB (from ~12.41 mln shares), ALIT (from ~8.37 mln), AES (from ~5.75 mln), CSGP (from ~5.69 mln), UPST (from ~4 mln), OPEN (from ~3.78 mln), CMCSA (from ~2 mln), DIS (from ~2 mln), CF (from ~1.24 mln), EXPE (from ~1.31 mln)
  • Decreased positions in: LESL (to ~3 mln shares from ~5.95 mln shares), AVTR (to ~8.36 mln from ~10.8 mln), DELL (to ~2.03 mln from ~3.6 mln), MSFT (to ~0.5 mln from ~1.6 mln), RIVN (to ~3.05 mln from ~4.05 mln), CTLT (to ~1.35 mln from ~1.93 mln), INTU (to ~0.73 mln from ~1.15 mln), DHR (to ~2.49 mln from ~2.9 mln), LFG (to ~4.18 mln from ~4.45 mln), PRM (to ~6.19 mln from ~6.45 mln)

>>> Elliott Management (Paul Singer) discloses updated portfolio positions in 13

Elliott Management (Paul Singer) discloses updated portfolio positions in 13F filing: New SU DO positions

Highlights from 2022 Q1 filing as compared to Q4 2021:
  • New positions in: SU (~10 mln shares), DO (~0.33 mln)
  • Increased positions in: MPC (to ~11.07 mln shares from ~10.57 mln shares), ETWO (to ~16.17 mln from ~15.7 mln)
  • Maintained positions in: HWM (~41.07 mln shares), BTU (~25.86 mln shares), UNIT (~20.48 mln shares), NLSN (~16.6 mln shares), TWTR (~10 mln shares), SWCH (~5.79 mln shares), T (~5 mln shares), APA (~2.75 mln shares), NE (~2.6 mln shares)
  • Closed positions in: DELL (from ~9.48 mln shares), HTA (from ~3.33 mln), DUK (from ~1 mln), ARNC (from ~0.55 mln)
  • Decreased positions in: EVRG (to ~2.24 mln shares from ~9.42 mln shares), VAL (to ~1.9 mln from ~2.23 mln)

>>> US Close Dow +0,08% S&P -0,39% Nasdaq -1,20% Russell -0,52%

Closing Stock Market Summary

The S&P 500 lost 0.4% on Monday amid continued weakness in the large growth stocks, which were largely responsible for the underperformance of the Nasdaq Composite (-1.2%). The Russell 2000 (-0.5%) performed comparably to the benchmark index, while the Dow Jones Industrial Average (+0.1%) eked out a gain. 

The consumer discretionary sector (-2.1%) was the weakest performer with a 2% decline, as heavyweights Amazon.com (AMZN 2216.21, -44.89, -2.0%) and Tesla (TSLA 724.37, -45.22, -5.9%) continued to struggle. The information technology sector (-0.9%) was another key laggard without the leadership of Apple (AAPL 145.54, -1.57, -1.1%). 

Growth stocks in general remained out of favor, evident by the 1.1% decline in the Russell 3000 Growth Index, versus the 0.1% gain for the Russell 3000 Value Index. Energy stocks contributed to the outperformance of the value index and, more directly, the S&P 500 energy sector (+2.6%) as oil prices ($113.80/bbl, +3.48, +3.2%) continued to appreciate. 

The increase in oil prices was linked to news that Shanghai was planning to phase in business re-openings, thereby increasing demand expectations out of China. Despite the reopening news, risk sentiment was still pressured by ongoing growth concerns stirred by a host of developments. 

Namely, weaker-than-expected Chinese data for April, a negative print (-11.6) for the May Empire State Manufacturing Survey, a downwardly revised 2022 eurozone growth forecast from the European Commission, and a temporary ban on wheat exports from India that drove wheat futures higher ($1247.50/bu, +70.00, +5.4%).

The Treasury market, like last week, continued to manifest these growth concerns through a decline in the 10-yr yield, which fell six basis points to 2.88%. The 2-yr yield decreased one basis point to 2.58%. The U.S. Dollar Index fell 0.3% to 104.24. 

Overall, there just wasn't a ton of conviction today, but at least the CBOE Volatility Index (27.47, -1.40, -4.9%) dipped further below 30.00 in a move reflecting decreased hedging interest. There might have been a wait-and-see mindset for the retail sales report and a speech from Fed Chair Powell tomorrow. 

In corporate news, shares of Spirit Airlines (SAVE 19.27, +2.29, +13.5%) rallied 13.5% after JetBlue (JBLU 9.45, -0.61, -6.1%) officially commenced a hostile takeover bid for the company. Wix.com (WIX 66.68, -4.51, -6.3%) and Warby Parker (WRBY 16.51, -0.93, -5.3%) provided disappointing earnings news. 

Monday's economic data was limited to the Empire State Manufacturing Survey for May, which dropped to -11.6 (Briefing.com consensus 15.0) from 24.6 in April. Looking ahead, investors will receive Retail Sales for April, Industrial Production and Capacity Utilization for April, the NAHB Housing Market Index for May, and Business Inventories for March on Tuesday.

  • Dow Jones Industrial Average -11.3% YTD
  • S&P 500 -15.9% YTD
  • Russell 2000 -20.6% YTD
  • Nasdaq Composite -25.5% YTD

>>> Soros Capital (George Soros) discloses updated portfolio positions in 13F fi

Soros Capital (George Soros) discloses updated portfolio positions in 13F filing: New PBR SU EQT positions

Highlights from 2022 Q1 filing as compared to Q4 2021:
  • New positions in: PBR (~1.08 mln shares), SU (~0.77 mln), EQT (~0.35 mln), DVN (~0.3 mln), MOS (~0.27 mln), FCX (~0.26 mln), NOV (~0.26 mln), XOP (~0.21 mln)
  • Increased positions in: EQRX (to ~2.4 mln shares from ~0.48 mln shares), WAB (to ~0.13 mln from ~0.03 mln), PHYS (to ~0.07 mln from ~0.02 mln), PDBC (to ~0.02 mln from ~0.02 mln), TJX (to ~0.03 mln from ~0.02 mln) FIS (to ~0.03 mln from ~0.02 mln), CHTR (to ~0.03 mln from ~0.03 mln)
  • Maintained positions in: PACK (~4.63 mln shares), RBLX (~0.17 mln shares), FISV (~0.05 mln shares), ORLY (~0.02 mln shares)
  • Closed positions in: AAPL (from ~0.13 mln shares), KO (from ~0.02 mln), GOOGL (from ~0.01 mln), FTCH (from ~0.01 mln)
  • Decreased positions in: AMKR (to ~0.07 mln shares from ~0.12 mln shares), CYXT (to ~0.11 mln from ~0.15 mln), CDK (to ~0.1 mln from ~0.13 mln), MSFT (to ~0.05 mln from ~0.07 mln), GDDY (to ~0.06 mln from ~0.07 mln), BKNG (to ~0 mln from ~0.01 mln), TMUS (to ~0.03 mln from ~0.04 mln)