On March 25th, Cramer invited Polypore’s (PPO) CEO to his show. Cramer has been bullish about PPO for a very long time. The stock doubled since August. Jim Cramer also recommended Alcoa (AA), Universal Displays (PANL), Celgene (CELG) [instead of Pfizer (PFE)], and healthcare REIT (HCN) in his lightning round. He also prefers Jabil Circuit (JBL) and UPS (UPS) instead of Siliconware Precision Industries (SPIL) and Airport Transport Services Group (ATSG). Here are hedge funds’ positions in these companies:
Polypore International (PPO): PPO returned 38.3% so far in 2011. Jim Simons had a $7 million position in this stock, probably acquiring it because of its momentum.
Alcoa (AA): Alcoa returned 11.3% since the end of last year. John Paulson has a $263 million position in AA bonds. Steve Cohen also has an $88 million worth of Alcoa bonds.
Universal Displays (PANL): Universal Displays returned 64.1% since the end of 2010. Roberto Mignone’s Bridger Management had PANL in its portfolio at the end of 2010.
Celgene (CELG): Celgene lost 6.6% so far in 2011. It is one of the 40 stocks Wall Street analysts expect to increase the most. The average target price for CELG is $68.1. The stock closed at $55.06 on Friday. Jim Simons has a $38 million position in CELG. Steve Cohen and Ken Fisher also have small investments in CELG.
Pfizer (PFE): Jim Cramer expects Pfizer to go higher but he still prefers Celgene over Pfizer. Pfizer returned more than 17% so far in 2011. There are several hedge funds with PFE positions. Lee Ainslie’s Maverick, David Einhorn’s Greenlight, David Tepper’s Appaloosa, John Paulson’s Paulson & Co, David Dreman’s Dreman Value Management, Bill Miller’s Legg Mason, and George Soros are among the prominent investors with PFE positions.
Healthcare REIT (HCN): Cramer said any core portfolio should have HCN in it. HCN returned 9.2% so far in 2011. Jim Simons has a $24 million position in this stock.
Siliconware Precision Industries (SPIL): Cramer likes SPIL but considers it as a speculative play. SPIL is one of 35 growing stocks with low PE ratios. Its dividend yield is around 6.7% and it returned 4% this year. Ken Fisher had a $43 million SPIL position at the end of December.
Jabil Circuit (JBL): Cramer prefers JBL over SPIL. JBL returned 6.3% so far in 2011. David Dreman and Bill Miller are among prominent mutual fund managers with JBL positions.
UPS (UPS): UPS is pretty much unchanged this year. Warren Buffett had a $104 million UPS position at the end of December.
Airport Transport Services Group (ATSG): ATSG returned only 0.1% so far in 2011. Mohnish Pabrai had a $17 million position in ATSG at the end of 2010. Joel Greenblatt also had a small position in ATSG. It could be one of his magic formula stocks.
