Wednesday, July 23, 2014

Who the Hell Is Rima Senvest Management LLC? Up 11% in the First Half After an 80% Return In 2013

Make everyone else look bad...
From ValueWalk:

Senvest also explains the rationale behind adding YRC Worldwide as a core position in its latest letter
Richard Mashaal and Brian Gonick’s Rima Senvest Management LLC beat the market in June, gaining 3.7% against the S&P 500 (INDEXSP:.INX)’s 2.1%, putting it up 10.6% through June versus 7.1% for the S&P 500 over the same period. The hedge fund’s June gains made up for its losses the previous month and put it back on track to maintain its 20.7% annualized returns since inception in 1997. The star Canadian hedge fund returned a whopping 80% in 2013.
senvest partners june earnings 0714
Senvest explains its investment in YRC Worldwide
In this month’s investor letter Mashaal and Gonick gave a more detailed explanation of why they added less-than-truckload (LTL) trucking company YRC Worldwide, Inc. (NASDAQ:YRCW) as a new core holding. They initially took a short-term position on YRCW at the beginning of the year because a combination of labor union negotiations and debt refinancing were depressing its stock price....MORE
Here's the March 31, 2014 13F via NASDAQ: 

110 EAST 55TH STREET, NEW YORK, New York, 10022, (514) 281-8082
Report Date: 03/31/2014
Position Statistics
Total Positions 104
New Positions 18
Increased Positions 59
Decreased Positions 32
Positions with Activity 91
Sold Out Positions 9
Total Mkt Value (in $ millions) 1,162

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.
Sector Weighting
Basic Materials
Capital Goods 0.16%
Consumer Cyclical 1.82%
Consumer/Non-Cyclical 2.63%
Energy 7.44%
Financial 7.19%
Healthcare 13.56%
Services 20.34%
Technology 35.51%
Transportation 5.01%
Utilities 0.33%