Greenlight Capital (David Einhorn ) discloses updated portfolio positions in 13F filing: New BHF ESV JCP positions
Highlights from 2017 Q4 filing as compared to 2017 Q3 filing:
- New positions in: BHF (~11 mln shares), ESV (~9.7 mln), JCP (~6.4 mln), TWTR (~2.79 mln), MDCO (~1 mln), TWX (~0.67 mln), UAA (~0.45 mln), SEAS (~0.14 mln)
- Maintained positions in: GRBK (~24.12 mln shares), MYL (~10.18 mln shares), VOYA (~5.7 mln shares), PRGO (~2.84 mln shares), AAPL (~2.19 mln shares)
- Closed positions in: RAD (from ~15.28 mln shares), GDX (from ~7.94 mln), HPE (from ~7.81 mln), TGNA (from ~2.4 mln), FRED (from ~1.4 mln), CARS (from ~0.55 mln), MON (from ~0.38 mln), KR (from ~0.36 mln), QHC (from ~0.21 mln), TECD (from ~0.09 mln)
- Decreased positions in: GM (to ~25.86 mln shares from ~34.56 mln shares), AER (to ~9.77 mln from ~12.36 mln), AABA (to ~2.22 mln from ~4.28 mln), CNDT (to ~4.34 mln from ~5.96 mln), MU (to ~3.4 mln from ~5.02 mln), TPX (to ~2.82 mln from ~4 mln), DDS (to ~0.81 mln from ~1.5 mln)
Jana Partners (Barry Rosenstein) discloses updated portfolio positions in 13F filing: New BLMN TEVA CMCSA positions
Highlights from 2017 Q4 filing as compared to 2017 Q3 filing:
- New positions in: BLMN (~7.93 mln shares), TEVA (~3.58 mln), CMCSA (~2.13 mln), EVHC (~1.66 mln), PTC (~1.42 mln), SYNH (~1.32 mln), GM (~1.31 mln), IQV (~0.83 mln), FB (~0.47 mln), NOC (~0.28 mln)
- Increased positions in: FDC (to ~13.3 mln shares from ~10.07 mln shares), DHI (to ~1.08 mln from ~0.14 mln), PF (to ~1.42 mln from ~1.15 mln)
- Maintained positions in: HDS (~9.09 mln shares
- Closed positions in: DXC (from ~2.09 mln shares), UHS (from ~1.89 mln), AABA (from ~1.54 mln), SEM (from ~0.94 mln), CRM (from ~0.94 mln), NUVA (from ~0.77 mln), AXTA (from ~0.76 mln)
- Decreased positions in: P (to ~8.56 mln shares from ~16.32 mln shares), LBRDK (to ~1.02 mln from ~4.39 mln), ZAYO (to ~2.27 mln from ~4.18 mln), DWDP (to ~1.15 mln from ~2.9 mln), MOH (to ~0.89 mln from ~2.13 mln), FWONK (to ~2.38 mln from ~3.45 mln), ZBH (to ~3.85 mln from ~4.66 mln), JACK (to ~1.09 mln from ~1.32 mln) EQT (to ~9.55 mln from ~10.26 mln)
Soros Fund Management (George Soros) discloses updated portfolio positions in 13F filing: New AMLP KW OSTK positions
Highlights from 2017 Q4 filing as compared to 2017 Q3 filing:
- New positions in: AMLP (~8.02 mln shares), KW (~6.16 mln), OSTK (~2.47 mln), XLF (~1.05 mln), GPS (~1 mln), ZAYO (~0.83 mln), OAS (~0.8 mln), XOP (~0.69 mln), HAL (~0.64 mln)
- Increased positions in: CZR (to ~34.5 mln shares from ~2.96 mln shares), DNR (to ~6.98 mln from ~2 mln), AEO (to ~1.28 mln from ~0.02 mln), URBN (to ~1.02 mln from ~0.01 mln), CTL (to ~1.1 mln from ~0.54 mln), GM (to ~0.6 mln from ~0.19 mln), SEDG (to ~1.01 mln from ~0.7 mln) LGF.A (to ~0.4 mln from ~0.23 mln), COL (to ~0.21 mln from ~0.04 mln), NXPI (to ~0.52 mln from ~0.36 mln)
- Maintained positions in: LBRDK (~7.74 mln shares), AABA (~2.58 mln)
- Closed positions in: CNDT (from ~2.3 mln shares), MDLZ (from ~1.75 mln), CARS (from ~0.81 mln), CPN (from ~0.75 mln), ZTS (from ~0.69 mln), KHC (from ~0.68 mln), PACB (from ~0.67 mln), MMYT (from ~0.58 mln), CPB (from ~0.57 mln), SYNA (from ~0.48 mln)
- Decreased positions in: VIAV (to ~0.44 mln shares from ~5.13 mln shares), MODN (to ~0.39 mln from ~2.16 mln), GSUM (to ~0.15 mln from ~1.84 mln), TIVO (to ~3.85 mln from ~5.14 mln), TWX (to ~0.36 mln from ~1.02 mln), EPC (to ~0.07 mln from ~0.66 mln), ATGE (to ~0.12 mln from ~0.63 mln), ATVI (to ~0.01 mln from ~0.12 mln), NOMD (to ~0.92 mln from ~1.02 mln), CHDN (to ~0.12 mln from ~0.21 mln)
Appaloosa (David Tepper) discloses updated portfolio positions in 13F filing: New CMCSA CZR TMUS positions, Closed out KMI PNC CHK
Highlights from 2017 Q4 filing as compared to 2017 Q3 filing:
- New positions in: EEM (~9.1 mln shares), CZR (~5.86 mln), TMUS (~3.86 mln), MGM (~2.33 mln), CMCSA (~1.99 mln), PCG (~1.13 mln), VST (~0.96 mln), LNG (~0.18 mln), CSX (~0.18 mln)
- Increased positions in: BAC (to ~17.15 mln shares from ~6.33 mln shares), MU (to ~27.5 mln from ~17.05 mln), QQQ (to ~5.8 mln from ~1.43 mln), AABA (to ~8.87 mln from ~4.68 mln), AAPL (to ~4.59 mln from ~1.36 mln) FB (to ~5.53 mln from ~3.3 mln), XPO (to ~2.2 mln from ~0.06 mln) AGN (to ~3.47 mln from ~1.89 mln), NRG (to ~9.76 mln from ~8.44 mln),
- Closed positions in: KMI (from ~3.41 mln shares), PNC (from ~0.92 mln), CHK (from ~0.77 mln), HAIN (from ~0.76 mln), WHR (from ~0.37 mln), AMAT (from ~0.25 mln), GM (from ~0.25 mln)
- Decreased positions in: TERP (to ~4.65 mln shares from ~8.55 mln shares), ETP (to ~8.18 mln from ~11.95 mln), WPZ (to ~3.72 mln from ~7.44 mln), HUN (to ~2.63 mln from ~5.14 mln), WDC (to ~0.6 mln from ~2.58 mln), OC (to ~0.99 mln from ~2.13 mln), AY (to ~3.54 mln from ~4.68 mln), ALL (to ~0.76 mln from ~1.47 mln), LUV (to ~0.07 mln from ~0.77 mln), GOOG (to ~0.36 mln from ~0.57 mln)
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Portfolio Ticker Matches: INSID
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Canyon Capital discloses updated portfolio positions in 13F filing: New NAVI, ARNC, GNC, positions... Closed TGNA, RAD, AMC
Highlights from 2017 Q4 filing as compared to 2017 Q3 filing:
- New positions in: NAVI (~15.25 mln shares), ARNC (~3.75 mln), GNC (~2.27 mln), MON (~1.26 mln), IPOA (~0.99 mln), NXPI (~0.91 mln), C (~0.8 mln), GLF (~0.6 mln), L (~0.2 mln), HIG (~0.18 mln)
- Increased positions in: CZR (to ~42.57 mln shares from ~2.2 mln shares), GPK (to ~13.33 mln from ~7.2 mln), TWX (to ~9.05 mln from ~5.66 mln), FG (to ~5.52 mln from ~3.91 mln), EQT (to ~2.34 mln from ~0.83 mln) BAC (to ~1.89 mln from ~1 mln), AGN (to ~0.5 mln from ~0.14 mln)
- Maintained positions in: MGM (~19.37 mln shares), ORIG (~6.72 mln shares), BERY (~5.79 mln shares)
- Closed positions in: TGNA (from ~5.66 mln shares), IPOA.U (from ~2.33 mln), RAD (from ~2 mln), CSTM (from ~1.85 mln), AMC (from ~1.68 mln), GOGL (from ~0.59 mln), TDW (from ~0.07 mln)
- Decreased positions in: AABA (to ~29.43 mln shares from ~51.11 mln shares), KR (to ~2.23 mln from ~5.3 mln), ALLY (to ~5.65 mln from ~8.56 mln), KAAC.U (to ~0.95 mln from ~2 mln), CCO (to ~2.16 mln from ~3.04 mln), SC (to ~1.9 mln from ~2.78 mln), CJ (to ~0.64 mln from ~1.23 mln), DVMT (to ~0.38 mln from ~0.58 mln)
TPG Group discloses updated portfolio positions in 13F filing: New CZR TV SCG positions
Highlights from 2017 Q4 filing as compared to 2017 Q3 filing:
- New positions in: CZR (~54.2 mln shares), TV (~2.29 mln), SCG (~1.9 mln), TCAP (~1.38 mln), WP (~1.14 mln), TAL (~0.08 mln)
- Increased positions in: SYMC (to ~2.82 mln shares from ~2.09 mln shares), CTSH (to ~1.61 mln from ~1.11 mln), PEGA (to ~1.73 mln from ~1.27 mln), PHG (to ~0.88 mln from ~0.66 mln), AMC (to ~0.37 mln from ~0.22 mln) APD (to ~0.56 mln from ~0.46 mln), AVGO (to ~0.42 mln from ~0.37 mln)
- Maintained positions in: SABR (~45.86 mln shares), NXEO (~31.13 mln shares), ENDP (~22.15 mln shares), ELF (~13.51 mln shares)
- Closed positions in: NGVT (from ~1 mln shares), LW (from ~0.99 mln), HCC (from ~0.77 mln), CDNA (from ~0.17 mln), SQ (from ~0.14 mln), GOLF (from ~0.14 mln)
- Decreased positions in: IQV (to ~22.87 mln shares from ~28.29 mln shares), MPC (to ~0.33 mln from ~1.68 mln), IBKR (to ~1.54 mln from ~2.18 mln), FNF (to ~1.09 mln from ~1.62 mln), HLNE (to ~1.03 mln from ~1.35 mln), AGN (to ~0.06 mln from ~0.13 mln)
Elliott Management (Paul Singer) discloses updated portfolio positions in 13F filing: New QEP UNIT CZR positions
Highlights from 2017 Q4 filing as compared to 2017 Q3 filing:
- New positions in: QEP (~10.5 mln shares), UNIT (~6.88 mln), CZR (~4.85 mln), CVG (~4.52 mln), MD (~2.48 mln), AKAM (~2 mln), WIT (~1.86 mln), TDW (~0.69 mln)
- Increased positions in: TCO (to ~2.92 mln shares from ~2.32 mln shares)
- Maintained positions in: ARNC (~51.1 mln shares), BTU (~21.19 mln shares), HES (~21.12 mln shares), ORIG (~18.49 mln shares), NXPI (~16.44 mln shares), CDK (~8.11 mln shares), CTXS (~7.09 mln shares), DVMT (~5.64 mln shares)
- Closed positions in: ECA (from ~37.5 mln shares), MPC (from ~4.96 mln), NOG (from ~4.58 mln), ADNT (from ~1.38 mln), ACAD (from ~1.06 mln), RYAA.Y (from ~1 mln), WYN (from ~0.8 mln), GNTX (from ~0.52 mln), IRS (from ~0.52 mln), MON (from ~0.44 mln)
- Decreased positions in: AA (to ~2.9 mln shares from ~8.33 mln shares), NRG (to ~10 mln from ~14 mln), MITL (to ~8.38 mln from ~11.18 mln), SAH (to ~0.31 mln from ~0.89 mln), GPI (to ~0.05 mln from ~0.31 mln)
Closing Market Summary: Wall Street Takes Inflation Data In Stride; Advances for Fourth Session in a RowU.S. equities advanced for a fourth consecutive session on Wednesday, overcoming a hotter-than-expected January CPI reading. The Nasdaq Composite led the rally, adding 1.9%, followed by the S&P 500 (+1.3%) and the Dow Jones Industrial Average (+1.0%), both of which returned to positive territory for the year. The Russell 2000 added 1.8%.
The S&P 500 futures were up modestly in overnight trading, but dove more than 1.0% below fair value following the release of the Consumer Price Index for January, which prompted fears that inflation is picking up: total CPI increased 0.5% month over month (Briefing.com consensus +0.4%), while core CPI, which excludes food and energy, rose 0.3% (Briefing.com consensus +0.2%).
However, the market bounced back after investors had time to further digest the report, which, on a year-over-year basis, wasn't all that alarming: total CPI and core CPI are up 2.1% and 1.8% year over year, respectively, which is in line with where they've been for months.
The major stock indices opened with losses between 0.2% and 0.6%, but quickly bounced into positive territory. Stocks really started taking off at around noon ET and never looked back, with the Nasdaq, the S&P 500, and the Dow each closing near their best marks of the day.
Cyclical sectors like financials (+2.3%), technology (+2.0%), consumer discretionary (+1.6%), industrials (+1.2%), energy (+1.4%), and materials (+1.3%) led the charge, indicating that investors grew more comfortable with the inflation data, which is ultimately consistent with a growing economy and increased corporate earnings.
The countercyclical health care space (+1.1%) also outperformed, but the consumer staples (-0.1%), utilities (-1.2%), telecom services (-0.7%), and real estate (-0.6%) groups lagged.
In the bond market, U.S. Treasuries were weak ahead of the release of Wednesday's economic data--which also included a disappointing Retail Sales report for January (-0.3% actual vs +0.2% Briefing.com consensus)--and extended their losses in the aftermath, pushing yields higher across the curve. The benchmark 10-yr yield climbed eight basis points to 2.91%, which marks its highest level in more than four years.
Meanwhile, the U.S. Dollar Index declined 0.8% to 88.88 as the greenback gave up ground against the euro (1.2459), the British pound (1.4007), and the Japanese yen (106.97). The dollar/yen pair fell 0.8%, hitting its lowest level since November 2016.
Dollar weakness helped commodities, including crude oil; West Texas Intermediate crude futures climbed 2.3% to $60.57 per barrel. On a related note, the Department of Energy reported that U.S. crude inventories rose by 1.8 million barrels last week, which was roughly in line with estimates.
Looking ahead, investors will receive a big batch of economic data on Thursday. The Producer Price Index for January (consensus +0.4%), Industrial Production for January (consensus +0.2%), and Capacity Utilization for January (consensus 78.0%) are the most notable reports on the docket, but see Briefing.com's Economic Calendar for a full list.
- Nasdaq Composite: +3.5% YTD
- S&P 500: +0.9% YTD
- Dow Jones Industrial Average: +0.7% YTD
- Russell 2000: -0.9% YTD
Mangrove Partners discloses updated portfolio positions in 13F filing: New AXAS GPRE CPRX positions
Highlights from 2017 Q4 filing as compared to 2017 Q3 filing:
- New positions in: AXAS (~3.34 mln shares), GPRE (~0.94 mln), CPRX (~0.92 mln), PDCE (~0.9 mln), METC (~0.29 mln), ALDX (~0.16 mln), FOX (~0.15 mln)
- Increased positions in: EQC (to ~2.34 mln shares from ~1.9 mln shares), INSW (to ~0.78 mln from ~0.4 mln), BCEI (to ~1.99 mln from ~1.7 mln), AER (to ~0.22 mln from ~0.12 mln), MYL (to ~0.91 mln from ~0.81 mln) BPT (to ~0.09 mln from ~0.07 mln),
- Maintained positions in: AT (~11.47 mln shares), CECO (~2.53 mln shares), SATS (~1.48 mln shares), PVAC (~1.44 mln shares), BTU (~0.96 mln shares), ANIP (~0.38 mln shares)
- Closed positions in: DRRX (from ~1.27 mln shares), HCC (from ~0.58 mln), EZPW (from ~0.34 mln), ALLY (from ~0.17 mln), QURE (from ~0.11 mln), ABG (from ~0.05 mln)
- Decreased positions in: SXC (to ~3.12 mln shares from ~6.36 mln shares)
Engaged Capital (Glenn Welling) discloses updated portfolio positions in 13F filing: New BW positions
Highlights from 2017 Q4 filing as compared to 2017 Q3 filing:
- New positions in: BW (~1.97 mln shares)
- Increased positions in: CLS (to ~1.82 mln shares from ~0.36 mln shares), NCR (to ~0.35 mln from ~0.11 mln), BHE (to ~0.95 mln from ~0.77 mln), IWM (to ~0.03 mln from ~0.01 mln)
- Maintained positions in: HAIN (~10.35 mln shares), RCII (~8.98 mln shares), STKL (~6.76 mln shares), JMBA (~2.83 mln shares), TIVO (~2.53 mln shares)
- Closed positions in: THC (from ~0.5 mln shares), FNSR (from ~0.23 mln), DBD (from ~0.18 mln)
- Decreased positions in: MED (to ~0.26 mln shares from ~0.79 mln shares), CCRN (to ~0.49 mln from ~0.57 mln)