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Charles Clough co-founded Clough Capital Partners in 2000, with Eric A. Brock and James E. Canty, after spending 13 years as a Chief Investment Strategist at Merrill Lynch. At Merrill Lynch, Clough oversaw global investment strategy research, and the experience served him well. Not only has he been elected to the Institutional Investor All-America Research Team for 12 consecutive years, he has also earned recognition as one of the top strategists in the US.

Clough’s experience has also served him well in the management of Clough Capital. His top positions have lost 6.8% since the end of last quarter, vs. an 8% loss for the SPY.

Company

Ticker

Value (x1,000)

Return Since June

LIBERTY MEDIA CORP NEW

(NASDAQ:LINTA)

30667

-4%

C B S CORP NEW

(NYSE:CBS)

19717

-16%

EXXON MOBIL CORP

(NYSE:XOM)

7723

-8%

TENARIS S A

(NYSE:TS)

8838

-32%

EDISON INTERNATIONAL

(NYSE:EIX)

6775

-4%

NORTHEAST UTILITIES

(NYSE:NU)

15169

-1%

APPLE INC

(NASDAQ:AAPL)

62514

17%

AMERICAN CAPITAL AGENCY

(NASDAQ:AGNC)

20559

3%

ONEOK INC NEW

(NYSE:OKE)

22535

-7%

VIACOM INC NEW

(NASDAQ:VIA)

20056

-1%

CENOVUS ENERGY INC

(NYSE:CVE)

13196

-8%

P P L CORP

(NYSE:PPL)

9148

4%

HALLIBURTON COMPANY

(NYSE:HAL)

30429

-21%

U S AIRWAYS GROUP

(LCC)

32607

-34%

HELMERICH & PAYNE INC

(NYSE:HP)

31870

-18%

TIME WARNER INC NEW

(NYSE:TWX)

31253

-14%

UNITED CONTINENTAL

(NYSE:UAL)

30798

-10%

DRESSER RAND GROUP INC

(NYSE:DRC)

23329

-15%

SINA CORP

(NASDAQ:SINA)

21401

6%

TIDEWATER INC

(NYSE:TDW)

20464

1%

SANOFI AVENTIS

(NYSE:SNY)

20307

-16%

DELTA AIR LINES INC

(NYSE:DAL)

17726

-8%

NABORS INDUSTRIES LTD

(NYSE:NBR)

17709

-25%

BAIDU INC

(NASDAQ:BIDU)

16731

5%

NIKE INC

(NYSE:NKE)

16202

-2%

COMPLETE PRODUCTION SERV

(NYSE:CPX)

15123

-19%

SOHU COM INC

(NASDAQ:SOHU)

14219

-0%

D T E ENERGY CO

(NYSE:DTE)

14001

1%

DOMINION RESOURCES

(NYSE:D)

13849

3%

EL PASO CORP

(EP)

13332

-3%

CENTERPOINT ENERGY INC

(NYSE:CNP)

13257

4%

Clough’s negative return so far this quarter is largely owed to the poor performance of some of his most bullish bets. For instance, he lost 34% via his US Airways (LCC) position, but so did a lot of other funds. US Airways has been one of the top stocks in 2011 (see the whole list). David Tepper of Appaloosa Management is also bullish about the airline (check out Tepper’s top picks).

Clough also lost 32% on his position in Tenaris S A (TS). Luckily, Clough’s stake in Tenaris is relatively small (just $8.8 million) compared to the value of his other, more profitable, bullish bets, like his $62.5 million position in Apple (AAPL). He gained 17% on Apple since the end of last June. Apple’s performance has made a large chunk of equity hedge fund managers happy because Apple was the most popular stock among 300+ hedge funds we are tracking.

Several of Clough’s most bullish picks have outperformed the market since the end of June and, of course, his performance overall has been consistently strong. His other best-performing bullish stock picks were SINA, BIDU, CNP, D, DTE, PPL, AGNC, TDW and SOHU. We like Clough and believe that investors can gather some intelligence by focusing on his top bullish stock picks.

Source: Clough Capital Partners' New Bullish Bets