This is the 4th Quarter 2008 edition of our ongoing hedge fund portfolio tracking series. Before reading this update, make sure you check out the Hedge Fund 13F filings preface.
Next up is Alyeska Investment Group ran by Anand Parekh. This is the first time we're tracking them in our portfolio series due to the fact that they're a newer fund on the scene. Before starting Alyeska, Anand Parekh was Citadel's head of equities, and was essentially who we were tracking at Citadel when we would examine its equity holdings. Originally, Parekh's new firm was set to be named Highliner Investment Group which had raised $1.5 billion, as we noted when we started tracking spin-off and newer funds. But, somewhere along the line, the name was switched. David Stemerman's Conatus Capital was another newer fund that we mentioned back then, and we have already covered their portfolio. This is Alyeska's first 13F filing and is our first look into their portfolio. There are no prior positions to compare with, so we're just going to present Alyeska's 13F filing in its entirety as we familiarize ourselves with their new portfolio.
Do note the second column from the left on the 13F tables below, as you want to make sure you identify the type of asset they are holding. The majority are equity holdings, but there are a few notes, options, etc mixed in there. (Options are noted in the column 4th from the right).
(Click to enlarge)
Their top four holdings are: Puget Energy (PSD), Entergy (ETR), Merrill Lynch (MER), and Wachovia (WB). Other top holdings include Honeywell (HON), Grainger (GWW), Nationwide Financial (inactive), National City (NCC), Pfizer (PFE), and Regal Beloit (RBC). Keep in mind that these filings were as of December 31st, 2008. On their inaugural 13F filing they are showing assets invested on the long side to be $831 million. We'll be following Alyeska from here on out and will be able to track their portfolio movement once we get another 13F to compare things with. This is just one of many funds in our hedge fund portfolio tracking series in which we're tracking 35+ prominent funds. We've already covered Paulson & Co (John Paulson), Carl Icahn, Warren Buffett, Stephen Mandel's Lone Pine Capital, George Soros, Bill Ackman's Pershing Square, Andreas Halvorsen's Viking Global, Timothy Barakett's Atticus Capital, David Einhorn's Greenlight Capital, Seth Klarman's Baupost Group, Peter Thiel's Clarium Capital, Bret Barakett's Tremblant Capital, David Stemerman's Conatus Capital, James Pallotta's Raptor Capital Management, Lee Ainslie's Maverick Capital, John Griffin's Blue Ridge Capital, Bruce Kovner's Caxton Associates, Paul Tudor Jones' Tudor Investment Corp, and Louis Bacon's Moore Capital Management.