Monday we published a new fund group called AlphaClone Activist Masters. The group clones the collective intelligence of fifteen renowned activist investors such as Carl Icahn, Relational Investors, Steel Partners, ValueAct Holdings, Pershing Square Capital Management and ten others.
The group’s Top 2 Holdings clone, an equal weighted basket of 30 stocks made up of each manager's largest two holdings and rebalanced quarterly, beats the S&P 500 by a whopping 8 percentage points annualized since 2000 and has returned 40% in the past twelve months versus 25% for S&P 500TR index (as of 2/7/2010).
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What’s the clone hold today? We’ll rebalance all our clone portfolios on the evening of 2/19 to reflect the latest public disclosure filings as of 12/31/2009, but for now, here’s what the portfolio currently holds ranked highest to lowest by disclosed market value:
1 GLD SPDR Gold 16 FLS FLOWSERVE CORP 2 IEP Icahn Entpr LP 17 TXI TEXAS INDS INC 3 BAC BANK OF AMERICA C... 18 ARRS ARRIS GROUP INC 4 TGT TARGET CORP 19 RDC ROWAN COS INC 5 EMC E M C CORP MASS 20 PHH PHH CORP 6 HD HOME DEPOT INC 21 NYX NYSE EURONEXT 7 FDML FEDERAL MOGUL CORP 22 CVG CONVERGYS CORP 8 BAX BAXTER INTL INC 23 CF CF INDS HLDGS INC 9 EBR+B CENTRAIS ELETRICA... 24 BLUD IMMUCOR INC 10 PFE PFIZER INC 25 EPIC EPICOR SOFTWARE 11 VRX VALEANT PHARMACEU.. 26 VLO VALERO ENERGY 12 CVC CABLEVISION SYS CORP 27 ADPT ADAPTEC INC 13 SLE SARA LEE CORP 28 MBI MBIA INC 14 WEN WENDYS ARBYS GROU... 29 ELGX ENDOLOGIX INC 15 TIF TIFFANY & CO NEW 30 CSTR COINSTAR INC