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Todd Walker
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Todd Walker is the Executive Director and Chief Strategist at HedgeTracker, where he is responsible for overseeing research, analytics and business development. He has particular expertise in investments that are popular among elite hedge fund managers, shareholder activists and... More
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  • Top Small-Cap Focused Hedge Fund Rankings: Deerfield, RiverNorth Capital & Basswood Capital Claim Top Spots

    The Top 50 Small-Cap focused hedge funds now manage $27.7 billion in small-cap assets, according to the most recent rankings. Overall, the top Small-Cap hedge funds oversee $43.1 billion in equities, dedicating nearly 65% of their portfolios to companies with market capitalizations that are less than $2 billion.

    The Top Small-Cap Hedge fund list is once again led by James Flynn's Deerfield Management. The healthcare focused include #3 hedge fund's top small-cap bets include $88mm in NxStage Medical (NASDAQ:NXTM), $88mm in Array Biopharma (NASDAQ:ARRY) and $85mm in Avalanche Biotechnologies (NASDAQ:AAVL).

    Claiming the #2 spot on the list is Brian Schmucker and Patrick Galley's RiverNorth Capital Management. The Chicago-based hedge fund reported $1.3 billion in small-cap assets.

    Rounding out the top 3 is Matthew Lindenbaum and Bennett Lindenbaum's financials focused Basswood Capital with $1.1 billion in small-cap assets. The Lindenbaum brothers top small-cap bets include $53mm in CenterState Banks (NASDAQ:CSFL), $47mm in Cardinal Financial (NASDAQ:CFNL) and $39mm in Metro Bancorp (NASDAQ:METR).

    Not surprisingly, New York State is home to 20 of the top 50 Small-Cap hedge funds. While the Empire State is king, Connecticut, California and Massachusetts are also well represented on the list.

    Ranking Methodology: The Top 50 Small-Cap Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms' overall U.S. equity assets under management. The Small-Cap list includes the top hedge funds that have more than 50% of their U.S. equity assets invested in U.S. listed small-cap companies, which have market capitalizations that are less than $2 billion. To view the Top Small-Cap Hedge Fund list in its entirety, please visit HedgeTracker's Hedge Fund Portal.

    Jul 19 9:49 PM | Link | Comment!
  • Healthcare & Biotech Hedge Funds Surpass $165 Mark For The First Time, As Long/Short Equity Giants Bet On Sector

    The most recent Top Healthcare, Pharma and Biotech Focused Hedge Fund list has been released, revealing that the top funds now manage $168 billion in assets. The assets for the top 50 surged by $72 billion, as a number of the largest long/short equity hedge fund increased their healthcare and biotech bets, surpassing the 35% portfolio allocation threshold.

    Leading this quarter's list are Andreas Halvorsen's Viking Global, Larry Robbins' Glenview Capital and new entrant John Paulson's Paulson & Co.

    Viking Global reclaimed the top spot on the Top Healthcare, Pharma and Biotech Hedge Fund List from Glenview Capital, as the Greenwich-based hedge fund increased its healthcare and biotech portfolio allocation to 37%, from just 24% during the third quarter. Viking's top positions include Illumina (NASDAQ:ILMN), Valeant Pharmaceuticals (NYSE:VRX), Thermo Fisher Scientific (NYSE:TMO) and Allergan Inc (NYSE:AGN).

    Meanwhile, Glenview Capital's sector favorites include Thermo Fisher Scientific , Tenet Healthcare Corp (NYSE:THC), and Community Health Systems Inc (NYSE:CYH). Notably, over the quarter, Glenview purchased 4.1M shares of VCA Antech Inc (NASDAQ:WOOF) and 1.2M shares of Endo Health Solutions (NASDAQ:ENDP), increasing its stakes to $280M and $108M, respectively.

    Renowned investor John Paulson's hedge fund firm grabbed the number three spot on the list, having joined the list for the very first time. Paulson's top sector include: Shire Plc (SHPG,) Allergan Inc , Covidien plc (COV) and Mylan Inc (NASDAQ:MYL)

    Ranking Methodology: The Top Healthcare, Pharma and Biotech Focused Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms' overall U.S. equity assets under management. The list includes the top hedge funds that have more than 35% of their U.S. equity assets invested in U.S. listed Healthcare, Pharma & Biotech companies. To view the Top Healthcare, Pharma & Biotech Hedge Fund list in its entirety, please visit HedgeTracker's Hedge Fund Portal.

    Apr 28 10:14 PM | Link | Comment!
  • Energy Spotlight: Top Hedge Funds Retain Strong Allocations To Energy Sector: Citadel And Icahn Named Largest Energy Sector Investors

    The Top Energy Hedge Funds list has been released, revealing that the largest hedge fund investors in Energy companies manage more than $130 billion in energy assets.

    This quarter's list is led by Citadel Investment Group which reported $7.9B in energy assets, representing more than 16% of its equity assets under management. Citadel is well diversified within the energy sector, holding positions in 265 companies. Its top holdings include Baker Hughes Inc (BHI, $415M), Cimarex Energy Co (XEC, $393M), Anadarko Petroleum Corp (APC, $373M), Antero Resources Corp (AR, $345M), and Devon Energy Corp (DVN, $332M). It is also worth noting that Citadel reaffirmed its commitment to its top 5 energy holdings by meaningfully increasing its holdings in each.

    Icahn Associates holds the 2nd spot on the top Energy hedge fund list with six heavily concentrated positions in the energy sector - a stark contrast to Citadel's highly diversified approach. Icahn's $6.3B energy assets are spread across the following companies: CVR Energy Inc (CVI, $3.2B), Chesapeake Energy Corp (CHK, $1.5B), Transocean Inc (RIG, $686M), Talisman Energy Inc (TLM, $658M), CVR Refining, LP (CVRR, $140M), and Seventy Seven Energy Inc (SSE, $113M). Interestingly, Icahn held steady positions in its top 4 holdings, all of which declined in value over the quarter, while CVRR and SSE are completely new positions.

    The remaining hedge funds rounding out the top 5 are: Millennium Management ($6.3B in energy assets, 18% of portfolio); Harvest Fund Advisors LLC ($6B, 95%) and D.E. Shaw & Co. ($5.9B, 12%). Harvest Fund Advisors LLC is an Energy-focused hedge fund based in Wayne, PA. Harvest holds positions in 126 energy companies and its top five energy holdings are: Enterprise Products Partners LP (EPD, $809M), Energy Transfer Equity LP (ETE, $523M), Energy Transfer Partners LP (ETP, $443M), Plains All American Pipeline LP (PAA, $395M) and Magellan Midstream Partners LP (MMP, $320M). Harvest doubled its position in its...

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    Jan 28 12:25 AM | Link | Comment!
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