Thursday, May 27, 2010

"Phil Falcone's Harbinger Capital Shows Massive New Citigroup Position: 13F Filing" (C)

From Market Folly:
Next up is Philip Falcone's hedge fund Harbinger Capital Partners. Harbinger is a multi-billion dollar hedge fund firm with a focus on both distressed assets and equity plays. They often take highly concentrated positions and so they're an easier fund to track. After horrible performance in 2008, Harbinger rebounded in 2009 and finished up 46.5% as noted in our hedge fund performances post....
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Brand New Positions
Citigroup (C)
NRG Energy (NRG)
Bunge (BG)
Seagate (STX)
Trina Solar (TSL)
Consol Energy (CNX)
VIX Short-term Futures (VXX)
Harbinger Group (HRG)
Vantage Drilling (VTG)
Clearwire (CLWR)
Pioneer Drilling (PDC)
Calpine (CPN) CallsTop 15 Holdings (by percentage of assets reported on 13F filing)

1. Citigroup (C): 15.2%
2. Sprint (S): 10.1%

3. New York Times (NYT): 10%

4. NRG Energy (NRG): 8.5%

5. SPDR Gold (GLD): 7.2%
...MORE