Wednesday November 21, 2012
by Jim Fink, editor Investing Daily
Institutional money managers with assets of at least $100 million provide quarterly updates to the SEC on their stock holdings via Schedule 13F. These reports are a gold mine of information as to what the smartest investors are buying and selling.
With that in mind, I thought I would vet the most recent November quarterly SEC filings to see if there are any hidden gems. Here are some I personally find noteworthy.
David Einhorn has increased his position in Computer Sciences (CSC) by 89.6%, buying at an average price per share of $28.42.
The information-technology service provider beats analyst estimates in third quarter and raised guidance for remainder of the year.
Einhorn also established a new position in Yahoo! (YHOO) at an average price of $15.60. The Internet portal is coming back to life under new CEO Marissa Mayer.
Julian Robertson bought a new position in Charter Communications (CHTR) at an average price of $76.31. New CEO Thomas Rutledge is turning things around. Charter is the fourth-largest cable TV operator in the U.S.
It has big growth opportunity expanding into Internet and telephone services. Its service area is less penetrated than those of competitors.
Robertson has also established a new position in Priceline.com (PCLN) at $631.72. The online travel website beat third-quarter earnings estimates and is buying growth with its acquisition of comparison-shopping website Kayak Software.
Hedge fund manager Dan Loeb has increased his position in American International Group (AIG) by 944%, buying at an average price of $32.65.
With the U.S. government no longer in control of AIG, Loeb thinks the insurer can now shine. Trading at only half of book value, the stock is cheap. AIG beat analyst estimates in the third quarter.
Loeb also bought a new position in Murphy Oil (MUR) at an average price of $52.80. The spinoff of its refinery operations could unlock value similar to what happened with ConocoPhillips and Marathon Oil.
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