Galleon Group's 50 Largest Holdings

The founders of the Galleon Group, a hedge fund started in 1997 and which has a technology and healthcare focus, have been charged with insider trading. Galleon is one of the 250 hedge and institutional investment funds that are available on AlphaClone. The fund's Top 10 Holding Clone, which invests quarterly in the the fund's ten largest holdings at the time they are disclosed, is up 48.2% so far this year but has not performed very well over time returning a negative 3.9% annualized over five years and a dismal negative 18% annualized since 2000 (all returns as of 10/15/09 close). We thought we'd list the fund's 50 largest holdings below (as of 6/30/09). Now that the fund will almost certainly wind down, perhaps there are some good short opportunities.

	Name	Ticker
1	EBAY INC	EBAY
2	GOOGLE INC	GOOG
3	APPLE INC	AAPL
4	OSI PHARMACEUTICALS...	OSIP
5	BANK OF AMERICA COR...	BAC
6	JP MORGAN CHASE & CO	JPM
7	CISCO SYS INC	CSCO
8	SPDR S&P 500	SPY
9	DELL INC	DELL
10	NVIDIA CORP	NVDA
11	E M C CORP MASS	EMC
12	WYETH	WYE
13	PEPSI BOTTLING GROU...	PBG
14	MEMC ELECTR MATLS INC	WFR
15	First Solar Inc	FSLR
16	VERISIGN INC	VRSN
17	YAHOO INC	YHOO
18	ELECTRONIC ARTS INC	ERTS
19	SPDR Gold	GLD
20	INTEL CORP	INTC
21	QUALCOMM INC	QCOM
22	COGNIZANT TECHNOLOG...	CTSH
23	FORD MTR CO DEL	F
24	NATIONAL SEMICONDUC...	NSM
25	NETEASE COM INC	NTES
26	SUNTRUST BKS INC	STI
27	TYCO INTERNATIONAL LTD	TYC
28	TERADYNE INC	TER
29	RESEARCH IN MOTION LTD	RIMM
30	ALCON INC	ACL
31	HEWLETT PACKARD CO	HPQ
32	VISA INC	V
33	AMAZON COM INC	AMZN
34	BIOGEN IDEC INC	BIIB
35	NOVELLUS SYS INC	NVLS
36	ANADARKO PETE CORP	APC
37	COMMSCOPE INC	CTV
38	FTI CONSULTING INC	FCN
39	PEPSICO INC	PEP
40	ABERCROMBIE & FITCH CO	ANF
41	F5 NETWORKS INC	FFIV
42	LAM RESEARCH CORP	LRCX
43	LEXMARK INTL NEW	LXK
44	GAP INC DEL	GPS
45	Seagate Tech	STX
46	YINGLI GREEN ENERGY...	YGE
47	RADIOSHACK CORP	RSH
48	KLA-TENCOR CORP	KLAC
49	FIDELITY NATIONAL F...	FNF
50	ALLERGAN INC	AGN

Comments

[redbaron:]

Short eBay, perhaps? I have done so successfully a couple of times in the past, but have no position currently. They report earnings next week, or so I just read; perhaps we won't have long to wait to see how this one plays out.

I need a good short in my portfolio now, given my overall long positions, so may have to give this some more thought. Better think quickly!

Oct 18 10:46 AM

[PelicanBill:]

Interesting list of stocks - I don't see IBM? Also, since it is a hedge fund, which are longs and which are shorts, or better yet, where are the shorts? Would those shorts be considered good "long" opportunities?

Oct 18 10:57 AM

[dell_stk:]

The list is based on June 30th '09, it's more than 3 months old list. The current list could have changed, not sure if this list helps other investors.

Oct 18 11:48 AM

[davidbdc:]

If you could let us know what they bought last Wednesday, Thursday and Friday that would be great - because big news on those stocks are probably coming out this week!

Oct 18 02:17 PM

[phoneranger:]

The top names aren't as interesting as the smaller names where Galleon has a +2% share of the company. Here is the list.
frscalls.blogspot.com/...

Oct 19 08:22 AM

[Chad Brown:]

SEC rules require disclosue of longs, but not of shorts. Also, the rules are limited to US stocks. Foreign holdings exempt. That is why you don't see shorts included in the holdings. Abnd of course the holdings could have changed since the reporting date.


On Oct 18 10:57 AM PelicanBill wrote:

> Interesting list of stocks - I don't see IBM? Also, since it is a
> hedge fund, which are longs and which are shorts, or better yet,
> where are the shorts? Would those shorts be considered good "long"
> opportunities?

Oct 19 05:51 PM

[Stone Fox C...:]

the list would be better if it was based on the % of ownership. Apple is clearly not a short based on this. Also, not so sure you can't count on a massive wind down as a large % of the money is Raj's and i don't see him being forced to cash out much.

Oct 20 11:31 AM

[TiNo the Ar...:]

aLPHA cLONE...

sOUNDS LIKE A GREAT IDEA...nOT

iNVESTING IN THE TOP TEN HOLDINGS OF A FUND WITH AN ANNUALIZED PORTFOLIO TURNOVER RATIO OF 377% WHICH IS NOT UNCOMMON, MAKES ZERO SENSE..

aLSO FUNDS WINDOW DRESS...

rEALLY STUPID IDEA IF YOU ASK ME.

Oct 20 04:40 PM

[Wisdom vs. ...:]

dont know about shorts, but my comm small caps with galleon exposure got hammered , then popped right back, i enjoyed the fire sale and hope to take even better advantage of ones in the future

Oct 20 08:14 PM

[PelicanBill:]

That's what I kind of suspected - since I don't do shorts are there any good technical hedge funds out there?


On Oct 19 05:51 PM Chad Brown wrote:

> SEC rules require disclosue of longs, but not of shorts.

Oct 21 11:56 AM