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 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....MOREHere's the March 31, 2014 13F via NASDAQ:
RIMA SENVEST MANAGEMENT, L.L.C
110 EAST 55TH STREET, NEW YORK, New York, 10022, (514) 281-8082
Report Date: 03/31/2014
Position Statistics
Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.
| 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% |
| Conglomerates | |
| 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% |
...MORE