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GLG Partners LP is an investment advisory and hedge fund management firm. It is a subsidiary of GLG Partners Inc., which in turn is the subsidiary of Man Group, Ltd. The fund manages a total of over $20 billion in assets (both equity and fixed income).

Investment Strategy: GLG Partners LP utilizes a combination of multi-strategy and long-only investment strategies, seeking to achieve consistent and superior absolute returns with low volatility and low correlations to both the equity and fixed income markets. The firm combines in-house research with independent research ideas contributed by investment banks, brokerage firms, and the sub-manager's original investment ideas. GLG Partners' investment process makes use of top-down and bottom-up analysis applied with a macro-overlay, and fundamental analysis, using a quantitative valuation approach. The firm uses leverage and the risk is spread through diversification by manager and by the strategy.

The following is a list of its top position increases and new buys in the last quarter, as released in its most recent 13F filing with the SEC.

Top Position Increases

Company Name

Ticker

MV Change (USD $)

Current Position

Change
In Position

Teradata Corp

TDC

5746775

128349

89299

Graftech International Ltd

GTI

4573682

327414

227414

Seadrill Ltd

SDRL

4556373

1014924

148549

NVIDIA Corp

NVDA

4283389

317525

275468

Top New Buys

Company Name

Ticker

MV Change (USD $)

Current Position

Change
In Position

Netflix Inc

NFLX

7266268

27661

27661

Yandex NV

YNDX

6763164

190458

190458

Baidu Inc

BIDU

5926098

42290

42290

I like Yandex and Baidu among above stocks. Yandex is Russia’s largest internet search company and has 65% traffic share and 70% revenue share. The company has an established track record of profitable expansion. I don’t think the stock is expensive at 35x forward earnings when its EPS is expected to grow at 50% YoY for next several years. Baidu appears equally good Chinese story with 35x forward PE and expected EPS growth of 50%. Both Russia and China are 5-8 years behind US when we compare total online advertising spend to GDP. Thus, there is a secular tailwind for leading search companies in these markets as the normalization occurs. These companies are like to continue posting high EPS growth for next several years and it make sense to buy these growth stories.

For other stocks in the above lists, here are some of the specifics about these companies, including a brief description of their businesses, growth expectations (top line and bottom line):<

Teradata Corporation is a provider of enterprise data warehousing, including enterprise analytic technologies and services. Teradata's EPS forecast for the current year is $2.26 and next year is $2.60. According to consensus estimates, its top line is expected to grow 19.20% in the current year and 11.90% next year.

GrafTech International Ltd. manufactures a range of graphite electrodes, products for the production of electric arc furnace steel and various other ferrous and nonferrous metals. GTI operates in two segments: Industrial Materials and Engineered Solutions. GTI's EPS forecast for the current year is $0.97 and next year is $1.77. According to consensus estimates, its top line is expected to grow 30.70% in the current year and 24.90% next year.

SeaDrill Limited is a Bermuda-based company active in the oil and gas industry. The Company operates a fleet of 60 units comprising drillships, jack-up rigs, semi-submersible rigs and tender rigs for operations in shallow to ultra-deepwater areas. SeaDrill's EPS forecast for the current year is $2.97 and next year is $3.31. According to consensus estimates, its top line is expected to grow 4.70% in the current year and 8.70% next year.

NVIDIA Corporation is a provider of visual computing technologies and the inventor of the graphics processing unit. NVIDIA's EPS forecast for the current year is $1.02 and next year is $1.20. According to consensus estimates, its top line is expected to grow 15.20% in the current year and 8.30% next year.

Netflix, Inc. is an Internet subscription service streaming television shows and movies. Netflix's EPS forecast for the current year is $4.67 and next year is $6.95. According to consensus estimates, its top line is expected to grow 52.10% in the current year and 38.30% next year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Top Buys of GLG Partners