Market Folly

Harbinger's Big Bet on Calpine

thanks for pointing that out reader. It is Consol Energy (CNX), the ticker was just wrong. We apologize for that and have contacted the SA editors.

Calpine: Still Harbinger Capital's Largest Holding in Q408

Ames, your guess would be as good as ours. Keep in mind that these filings are merely portfolio "snapshots" on that given day... in this case, December 31st, 2008.

They could have been just trading it or using it as a hedge... no way to really know unless you're inside their walls.

Hedge Fund Tracking: Harbinger Capital (Philip Falcone)

oh yea of course. they're a lagging indicator and are mainly just a tool to get a sense as to what companies they're going long in a particular sector. i've mentioned in my preface posts that the short side is "invisible" to us and that technically is the most important side of funds' books since its so secretive/protected.

i still think its interesting to track though just because you can tend to see how various funds work with their strategies over time in accumulating a position versus trading in/out of one. plus, in times like these, its a great tool to have to see exactly where these funds are hurting from poor performance. especially, say in Atticus Capital's case. Their top holdings have been murdered. The redemption/liquidation... trade is still very much on.

mainly just providing the resource for people who are interested in it.