Seeking Alpha

John Vincent

 
View as an RSS Feed
View John Vincent's Articles BY TICKER:
  • Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q3 2014 Update
    Yesterday, 3:06 AM AAPL, ABBV, ACAD 1 Comment

    Summary

    • Halvorsen's 13F portfolio increased ~9% this quarter from $22.91B to $24.90B. The number of positions decreased from 62 to 59.
    • Viking Global added stakes in Alibaba Group Holdings and Citigroup Inc. while dropping Walgreen Company.
    • The top-three positions are Illumina Inc. (5.69%), Pioneer Natural Resources (5.37%), and Valeant Pharmaceuticals (5.25%) which together is at around 16% of the portfolio.
  • Tracking Dan Loeb's Third Point Portfolio - Q3 2014 Update
    Mon, Nov. 24 AAL, ABBV, ACT 1 Comment

    Summary

    • Loeb's 13F portfolio increased ~7% this quarter from $8.13B to $8.71B. The number of positions remained steady at 41.
    • Third Point established a large position in Alibaba Group and medium-sized stakes in eBay Inc. and Bed Bath & Beyond. American International Group and T-Mobile US were eliminated as well.
    • The top-three positions are Dow Chemical (17.60%), Ally Financial (11.13%), and Actavis plc (7.96%) which together is at almost 37% of the entire portfolio.
  • Tracking David Tepper's Appaloosa Management Portfolio - Q3 2014 Update
    Fri, Nov. 21 AAL, AAPL, ABBV 1 Comment

    Summary

    • David Tepper’s US long equity portfolio decreased 5% from $7.15B to $6.79B this quarter.
    • Several small positions were eliminated and a large position in American Airlines was reduced by over one-third in the quarter.
    • Appaloosa added a medium-sized stake in NXP Semiconductors and significantly increased positions in Whirlpool Corporation, CBS Corporation, General Motors, Priceline Group, and Delta Airlines.
  • Tracking Carl Icahn's Portfolio - Q3 2014 Update
    Fri, Nov. 21 IEP 2 Comments

    Summary

    • Carl Icahn’s US long portfolio increased marginally from $32.53B to $33.63B this quarter.
    • Icahn’s eBay stake increased to 45.8M shares (~3.7% of business). Also, a significant stake (8.5% of the business) in Hertz was established as well.
    • Carl Icahn is continuing to harvest long-term gains from Netflix.
  • Tracking David Einhorn's Portfolio - Q3 2014 Update
    Thu, Nov. 20 GLRE Comment!

    Summary

    • David Einhorn's US long portfolio decreased marginally from $7.18B to $6.93B this quarter.
    • Greenlight's long/short ratio is at 114% long and 75% short compared to 115% long and 71% short last quarter.
    • Greenlight substantially increased medium-sized stakes in IAC/InterActive and National Oilwell Varco while reducing the large positions in Micron Technology, Marvell Technology, and Cigna Corporation.
  • Tracking John Paulson's Paulson & Company Portfolio - Q3 2014 Update
    Thu, Nov. 20 ABBV, ACT, AEM 3 Comments

    Summary

    • John Paulson’s U.S. long portfolio increased from $23B to $24B this quarter.
    • Paulson & Company's largest three positions are Shire plc, SPDR Gold ETF, and Extended Stay America.
    • Paulson & Co. added AbbVie Inc. and increased Shire plc, Covidien plc, Time Warner Cable, and Mallinckrodt plc stakes this quarter.
  • Tracking George Soros's Portfolio - Q3 2014 Update
    Wed, Nov. 19 AAL, AAPL, ABBV 4 Comments

    Summary

    • Soros's 13F portfolio increased ~1% from $13.27B to $13.40B this quarter. The number of positions decreased from 363 to 266.
    • The huge SPY PUTS stake was reduced by ~25% this quarter to a still very large ~13% of the 13F portfolio.
    • Alibaba and Yahoo stakes were added this quarter. YPF SA is still the largest individual stock position at 3.68%.
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q3 2014 Update
    Wed, Nov. 19 BRK.A, BRK.B 19 Comments

    Summary

    • Warren Buffett's US long stock portfolio increased marginally from $107.58B to $107.79B this quarter.
    • Berkshire Hathaway's largest three holdings are at over half the entire portfolio.
    • Berkshire Hathaway significantly increased Charter Communications, DIRECTV, and General Motors this quarter.
  • Tracking David Winters' Wintergreen Advisers Portfolio - Q3 2014 Update
    Tue, Nov. 18 WGRNX 2 Comments

    Summary

    • David Winters’ US long portfolio decreased marginally from $779M to $772M this quarter.
    • Wintergreen Fund's largest three positions are Swatch Group AG, British American Tobacco PLC, and CIE Financiere Richemont SA.
    • The major changes this quarter included a ~50% increase in Union Pacific Corporation and a one-third reduction in MasterCard Inc.
  • Tracking Bruce Berkowitz's Fairholme Portfolio - Q3 2014 Update
    Tue, Nov. 18 FAIRX 1 Comment

    Summary

    • Bruce Berkowitz’s US stock portfolio decreased 27% this quarter from $9.94B to $7.26B as the firm chose not to disclose the large Fannie/Freddie position starting this quarter.
    • Fairholme's largest three stakes continue to be American International Group, Bank of America, and Sears Holdings. They together account for around 86% of the portfolio.
    • The large American International Group position was reduced and the small Lands’ End stake was almost eliminated this quarter.
  • Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q3 2014 Update
    Tue, Nov. 18 FRFHF 2 Comments

    Summary

    • Prem Watsa’s US long portfolio increased marginally from $1.46B to $1.48B this quarter.
    • Fairfax Financial’s largest five positions are BlackBerry, Resolute Forest Products, International Business Machines, Sandridge Energy, & Exco Resources. They together account for 89% of the US long assets.
    • Watsa established a large ~14% position in International Business Machines this quarter.
  • Tracking Seth Klarman's Baupost Group Holdings - Q3 2014 Update
    Mon, Nov. 17 AIG, ALDW, AOI 4 Comments

    Summary

    • Seth Klarman’s US long portfolio decreased from $6.14B to $5.74B this quarter.
    • Baupost Group significantly increased Cheniere Energy, eBay Inc., Keryx Biopharma, and PBF Energy.
    • The US long equity holdings continue to be heavily concentrated with the top-three positions accounting for 58% of the entire US long portfolio.
  • Tracking Bill Ackman's Pershing Square Portfolio - Q3 2014 Update
    Mon, Nov. 17 ACT, AGN, APD 4 Comments

    Summary

    • Ackman’s US long portfolio increased from $12.6B to $13.4B this quarter.
    • Pershing Square’s largest stake is Allergan which is at a whopping ~38% of the US long portfolio.
    • Pershing Square established a large position in Zoetis Inc. this quarter.
  • Tracking Lou Simpson's SQ Advisors Portfolio - Q3 2014 Update
    Sun, Nov. 16 BAM, BRK.A, BRK.B 2 Comments

    Summary

    • Lou Simpson’s US long portfolio increased from $2.45B to $2.59B this quarter.
    • A medium-sized position in Liberty Global was added while eliminating TE Connectivity.
    • SQ Advisors has just twelve positions. The top-three holdings are Berkshire Hathaway, Wells Fargo, and Oracle Corporation and they together account for over one-third of the entire portfolio.
  • Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q3 2014 Update
    Sat, Nov. 15 BAC, CMCSA, EPB Comment!

    Summary

    • Glenn Greenberg’s US long portfolio increased $2.48B to $2.70B this quarter.
    • Valeant Pharmaceuticals continues to be Brave Warrior’s largest holding by far at 32.02% of the US long portfolio.
    • They added a large new stake in JPMorgan Chase, increased VistaPrint & Equinix, and eliminated Oracle this quarter.
  • Tracking Tweedy Browne Portfolio - Q3 2014 Update
    Thu, Nov. 13 ANAT, AXP, BAX Comment!

    Summary

    • Tweedy Browne’s US long portfolio decreased from $4.68B to $4.34B this quarter.
    • The largest five individual stock positions are Johnson & Johnson, Halliburton, Berkshire Hathaway, Devon Energy, and Wells Fargo and they account for around 38% of the US long portfolio.
    • A large ~9% position in Banco Santander Brazil was reduced by over 40% this quarter.
  • Tracking Mohnish Pabrai's Portfolio - Q3 2014
    Thu, Nov. 13 BAC, BRK.B, C 1 Comment

    Summary

    • Mohnish Pabrai’s US long portfolio decreased from $480M to $414M this quarter.
    • His largest three positions are Horsehead Holding, GM Warrants, and Bank of America and they together account for around 65% of the entire portfolio.
    • Pabrai Funds eliminated medium-sized positions in Chesapeake Energy and Goldman Sachs this quarter.
  • Tracking William Von Mueffling's Cantillon Capital Management Portfolio - Q3 2014 Update
    Thu, Nov. 13 ABEV, ADI, ALTR Comment!

    Summary

    • William Von Mueffling's U.S. long portfolio increased this quarter from $4.31B to $4.43B.
    • Mueffling substantially increased positions in Solera Holdings & Willis Group while establishing significant new stakes in Sensata Technologies & Bitauto Holding.
    • The portfolio continues to be very concentrated with the top-five positions accounting for ~50% of the US long portfolio.
  • Tracking Kahn Brothers Portfolio - Q3 2014 Update
    Fri, Nov. 7 BBRY, BP, C 5 Comments

    Summary

    • Kahn Brothers Group's US long portfolio decreased around 11% this quarter.
    • Patterson-UTI Energy was reduced by around 30% and that was the only major change.
    • The portfolio continues to be very concentrated with the top-five positions accounting for around 48% of the 13F holdings.
  • Tracking Yacktman Asset Management Portfolio - Q3 2014 Update
    Wed, Nov. 5 AVP, BCR, BDX 3 Comments

    Summary

    • Yacktman's US long equity portfolio decreased marginally from $24.59B to $23.95B this quarter.
    • Yacktman Asset Management substantially increased Oracle Corporation while reducing Clorox Company, Comcast Corporation, Microsoft Corporation, Sigma-Aldrich Corporation, and Wells Fargo.
    • Yacktman’s largest five positions are at around 45% of the US long portfolio.
  • Sears Holdings Corporation: 2019 Unsecured Debt And Warrant Rights Offering, And Its Impact On Share Price
    Thu, Oct. 30 SHLD 21 Comments

    Summary

    • Sears Holdings' 2019 unsecured debt and warrant rights are expected to start trading on 10/31/2014.
    • At that time, the common stock price will get reduced by the prorated value of the rights.
    • The expected reduction is estimated by doing a fair value estimate of the rights and adjusting the common stock price.
    • An analysis of how the warrant price and the associated leverage will vary as the stock price varies is conducted.
  • Tracking Ken Fisher's Fisher Asset Management Portfolio - Q3 2014 Update
    Tue, Oct. 21 AAPL, AMZN, AXP 6 Comments

    Summary

    • Fisher’s US long portfolio value decreased from $47.56B to $46.91B in Q3 2014.
    • American Express, Apple Inc., Johnson & Johnson, Pfizer, and Wells Fargo are the largest five individual stock positions.
    • Fisher has substantial stakes in several ETFs/ETNs and hundreds of very small positions. They together account for more than one-third of the 13F portfolio.
  • Performance At Expiry Of Financial Crisis Era Warrants Vs. Common Stock - Comparative Analysis
    Mon, Oct. 20 AIG, BAC, C 1 Comment

    Summary

    • Warrants that expire in the 2016 to 2021 time-frame were issued by a number of businesses during the financial crisis.
    • These securities offer leverage and their performance at expiry is related to both the nominal leverage and the cost-of-leverage.
    • Price sensitivity of the warrants compared to the common stock is analyzed by identifying the price at expiry of the common stock that will match the return of the warrant.
  • Indirect Routes To Alibaba: Yahoo Vs. Softbank
    Mon, Sep. 8 SFTBY, YHOO, BABA 15 Comments

    Summary

    • Yahoo Inc. and Softbank Corporation shares offer indirect ways to participate in Alibaba’s post-IPO market performance.
    • The expected sensitivity of Yahoo and Softbank share prices to Alibaba’s stock price performance is comparable.
    • Going long Softbank ADR prior to Alibaba IPO is the more defensive option.
  • Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q2 2014 Update
    Sat, Aug. 23 AAL, AAPL, ACAD 10 Comments

    Summary

    • Halvorsen's 13F portfolio decreased 4% this quarter from $23.84B to $22.91B. The number of positions increased from 60 to 62.
    • Viking Global significantly increased Pioneer Natural Resources & Regeneron Pharmaceuticals stakes this quarter while reducing Time Warner and Twenty-First Century Fox.
    • The top-three positions are Walgreen Company (6.52%), Valeant Pharmaceuticals (6.51%), and Illumina Inc. (6.23%) which together is at almost 20% of the portfolio.
  • Tracking Dan Loeb's Third Point Portfolio - Q2 2014 Update
    Fri, Aug. 22 ACT, AIG, ALLY 5 Comments

    Summary

    • Loeb's 13F portfolio increased 19% this quarter from $6.8B to $8.1B. The number of positions decreased from 47 to 41.
    • Third Point established a huge new 13.39% of the US long portfolio position in Ally Financial as a result of their IPO in April.
    • The top-three positions are Dow Chemical (13.92%), Ally Financial (13.39%), and Actavis plc (6.86%) which together are at just over one-third of the portfolio.
  • Tracking George Soros' Portfolio - Q2 2014 Update
    Thu, Aug. 21 AAL, AAPL, ABX 17 Comments

    Summary

    • Soros's 13F portfolio increased this quarter from $10.12B to $13.27B. The number of positions increased from 305 to 363.
    • The SPY PUTS were increased by six times this quarter, and the short bet is at 16.65% of the 13F portfolio.
    • YPF SA is the largest equity long position, at 3.39%. The large 5.38% Teva position as of last quarter was reduced by 30% this quarter.
  • Tracking David Tepper's Appaloosa Management Portfolio - Q2 2014 Update
    Wed, Aug. 20 AAL, AAPL, AIG 11 Comments

    Summary

    • David Tepper's US long equity portfolio decreased 21%, from $9.06B to $7.15B, this quarter.
    • The huge 36% combined position in SPDR S&P 500 Index ETF and PowerShares QQQ ETF was reduced to just 7.85% of the portfolio.
    • Appaloosa significantly increased positions in American Airlines, CBS Corporation, Facebook Inc., General Motors, Masco Corporation, and Priceline Group.
  • Tracking Carl Icahn's Portfolio - Q2 2014 Update
    Tue, Aug. 19 IEP 11 Comments

    Summary

    • Carl Icahn’s US long portfolio decreased marginally from $32.93B to $32.53B this quarter.
    • Icahn’s eBay stake increased to 30.8M shares (~2.5% of business) this quarter. Also, a significant stake (6.6% of the business) in Gannett was established as well.
    • Carl Icahn is continuing to harvest long-term gains from Netflix.
  • Tracking John Paulson's Paulson & Company Portfolio - Q2 2014 Update
    Mon, Aug. 18 AAL, ABBV, ACT 6 Comments

    Summary

    • John Paulson’s U.S. long portfolio increased from $20.43B to $23.08B this quarter.
    • Paulson & Company's largest three positions are SPDR Gold ETF, Extended Stay America, and Allergan.
    • Paulson & Co. added Covidien plc and increased Cobalt International Energy & Shire plc stakes this quarter. The fund also eliminated American Airlines.
  • Tracking Bruce Berkowitz's Fairholme Portfolio - Q2 2014 Update
    Mon, Aug. 18 AIG, BAC, BRK.A 5 Comments

    Summary

    • Bruce Berkowitz’s US stock portfolio increased marginally this quarter from around $9.90B to $9.94B.
    • Fairholme's largest three positions continue to be American International Group, Bank of America, and Sears Holdings. They together account for 67.26% of the portfolio.
    • The combined position size in Fannie & Freddie (and preferreds) remained almost steady this quarter at 15.88% of the entire portfolio.
  • Tracking David Winters' Wintergreen Advisers Portfolio - Q2 2014 Update
    Sun, Aug. 17 BEN, BRK.B, CNQ 7 Comments

    Summary

    • David Winters’ US long portfolio decreased around 9% from $855M to $779M this quarter.
    • Wintergreen Fund's largest three positions are Jardine Matheson Holdings, Swatch Group, and Canadian Natural Resources.
    • Berkshire Hathaway, the largest US allocation as of last quarter was eliminated this quarter.