Some Hedge Fund Winners and Losers From Today’s Action in CHRS and CHK
Posted on May 2nd, 2012 by whalewisdom
As of 11:00 a.m. EDT Charming Shoppes (CHRS) was up 24%. The company agreed to be bought by Ascena Retail Group Inc for $7.93 a share. Chesapeake Energy Corp (CHK) was down 13%. The company was downgraded to neutral by Robert W. Baird and Chesapeake also disclosed in a regulatory filing that it had ended certain arrangements with CEO Aubrey McClendon.
Obvious winners in CHRS are Leon Cooperman and Crescendo Partner’s Eric Rosenfeld. A notable loser in CHK today would be T. Boone Picken’s BP Capital
|
Filer
|
Market Value
|
% of Portfolio
|
Ranking
|
||
|---|---|---|---|---|---|
| CRESCENDO PARTNERS II LP | 4,128,207 | $ 20,228,215 | 50.15% | 1 | 1,827,920 |
| ROSENFELD ERIC | 332,079 | $ 1,627,187 | 30.94% | 1 | No Change |
| COOPER CREEK PARTNERS MANAGEMENT LLC | 1,320,419 | $ 6,470,053 | 8.37% | 1 | 564,648 |
| MCCLAIN VALUE MANAGEMENT LLC | 3,488,378 | $ 17,093,053 | 6.03% | 2 | 206,824 |
| TOWLE & CO | 3,088,612 | $ 15,134,199 | 4.98% | 1 | 12,250 |
| ICM ASSET MANAGEMENT INC/WA | 488,760 | $ 2,394,924 | 2.64% | 3 | 23,215 |
| CAPITAL TACTICS ADVISORS, LLC | 521,632 | $ 2,555,997 | 2.38% | 14 | 521,632 |
| BUCKINGHAM CAPITAL MANAGEMENT INC/FL | 3,414,500 | $ 16,731,050 | 1.83% | 14 | 575,000 |
| MANALAPAN ORACLE CAPITAL MANAGEMENT LLC | 333,617 | $ 1,634,723 | 1.79% | 27 | 333,617 |
| COOPERMAN LEON G | 12,084,264 | $ 59,212,895 | 1.49% | 29 | 3,860,920 |
| FNY MANAGED ACCOUNTS LLC | 150,000 | $ 735,000 | 1.49% | 13 | 28,500 |
| LOEB ARBITRAGE MANAGEMENT LP | 510,000 | $ 2,499,000 | 1.14% | 23 | 510,000 |
| GERRY FARBER, LLC | 240,000 | $ 1,176,000 | 1.13% | 35 | 20,000 |
| PRICE MICHAEL F | 1,335,841 | $ 6,545,621 | 1.06% | 31 | 430,944 |
|
Filer
|
Market Value
|
% of Portfolio
|
Ranking
|
||
|---|---|---|---|---|---|
| DYNAMIS ADVISORS, LLC | 175,527 | $ 3,912,497 | 10.72% | 3 | 191,600 |
| KARAMAAN GROUP, LLC | 276,200 | $ 6,156,498 | 10.07% | 5 | 140,000 |
| BP CAPITAL MANAGEMENT L P | 570,055 | $ 12,706,526 | 9.05% | 3 | No Change |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | 87,390,524 | $ 1,947,934,860 | 8.80% | 2 | 685,900 |
| BIJOU CAPITAL MANAGEMENT LP | 13,766 | $ 306,844 | 6.29% | 6 | 13,766 |
| TPH ASSET MANAGEMENT, LLC | 290,000 | $ 6,464,100 | 5.50% | 6 | 290,000 |
| WESTEND CAPITAL MANAGEMENT LLC | 44,759 | $ 997,678 | 5.00% | 7 | 44,759 |
| GUINNESS ASSET MANAGEMENT LTD | 432,900 | $ 9,649,341 | 4.73% | 15 | 61,600 |
| TBP INVESTMENTS MANAGEMENT, LLC | 15,381 | $ 342,843 | 4.59% | 8 | No Change |
| STUYVESANT CAPITAL MANAGEMENT | 111,750 | $ 2,490,908 | 4.50% | 10 | 9,500 |
| SECTOR OMEGA AS | 20,500 | $ 456,945 | 3.36% | 16 | 5,300 |
| VALUEWORKS LLC | 199,659 | $ 4,450,399 | 3.27% | 16 | 984 |
| GUINNESS ATKINSON ASSET MANAGEMENT INC | 207,600 | $ 4,627,404 | 3.24% | 16 | 36,800 |
| MANALAPAN ORACLE CAPITAL MANAGEMENT LLC | 128,698 | $ 2,868,679 | 3.14% | 11 | 83,417 |
| COVE STREET CAPITAL, LLC | 306,348 | $ 6,828,497 | 2.91% | 12 | 84,860 |
| LUCAS CAPITAL MANAGEMENT | 334,805 | $ 7,462,804 | 2.75% | 10 | 55,340 |
| NEEDELMAN ASSET MANAGEMENT INC | 25,655 | $ 571,850 | 2.74% | 23 | 2,575 |
| CAI CAPITAL MANAGEMENT, INC. | 63,073 | $ 1,405,897 | 2.59% | 1 | 63,073 |
| MUHLENKAMP & CO INC | 550,525 | $ 12,271,203 | 2.54% | 17 | 17,090 |
| BEDELL INVESTMENT COUNSELLING | 166,155 | $ 3,703,595 | 2.54% | 16 | 52,305 |
| SNOW CAPITAL MANAGEMENT LP | 2,217,110 | $ 49,419,384 | 2.42% | 25 | 58,224 |
| LMM LLC /MD/ | 1,051,420 | $ 23,436,153 | 2.24% | 17 | 233,500 |
| JASINKIEWICZ CAPITAL MANAGEMENT, LLC | 16,718 | $ 372,644 | 2.14% | 18 | 39,866 |
| WALL STREET ACCESS ASSET MANAGEMENT, LLC | 115,000 | $ 2,563,350 | 2.11% | 16 | 1,400 |
| EAGLE FINANCIAL MANAGEMENT SERVICES, LLC | 11,846 | $ 264,047 | 2.06% | 8 | 11,846 |
| ICC CAPITAL MANAGEMENT INC/ | 2,386,460 | $ 53,194,196 | 2.01% | 18 | 72,950 |
| WELLESLEY INVESTMENT ADVISORS(PRN) | 16,219 | $ 15,446 | 1.99% | 24 | 16,219 |
| KEN ROBERTS INVESTMENT MANAGEMENT INC | 163,700 | $ 3,648,873 | 1.97% | 22 | 30,540 |
| SHIKIAR ASSET MANAGEMENT INC | 126,030 | $ 2,809,209 | 1.91% | 14 | 9,820 |
| MCGLINN CAPITAL MANAGEMENT INC | 54,900 | $ 1,223,721 | 1.86% | 25 | 44,900 |
| ZWEIG ADVISERS LLC | 399,000 | $ 8,893,710 | 1.80% | 31 | 85,000 |
| MENORA MIVTACHIM HOLDINGS LTD. | 562,207 | $ 12,531,595 | 1.72% | 31 | 7,970 |
| BRANDES INVESTMENT PARTNERS, LP | 8,379,282 | $ 186,774,203 | 1.72% | 18 | 767,834 |
| KINGS POINT CAPITAL MANAGEMENT | 126,807 | $ 2,826,528 | 1.71% | 20 | 2,098 |
| COUNTRY FUND MANAGEMENT | 175,700 | $ 3,916,353 | 1.67% | 15 | 46,400 |
| SMITH, SALLEY & ASSOCIATES | 85,085 | $ 1,896,545 | 1.66% | 23 | 2,040 |
| TRADITION CAPITAL MANAGEMENT LLC | 189,029 | $ 4,213,457 | 1.61% | 25 | 12,341 |
| IVORY INVESTMENT MANAGEMENT. L.P. | 1,450,682 | $ 32,335,703 | 1.60% | 29 | 1,320,030 |
| ALPHABET MANAGEMENT, LLC | 1,973,921 | $ 43,998,701 | 1.59% | 8 | 442,173 |
| CKENZIE FINANCIAL CORP | 14,914,154 | $ 332,436,506 | 1.49% | 14 | 1,924,610 |
| MARCO INVESTMENT MANAGEMENT LLC | 326,714 | $ 7,282,455 | 1.47% | 19 | 232,057 |
| ZAZOVE ASSOCIATES LLC(PRN) | 65,071,000 | $ 57,669,000 | 1.45% | 46 | 895,000 |
| SVENSON SCOTT | 316,554 | $ 7,055,989 | 1.43% | 19 | 316,496 |
| CAYMUS CAPITAL PARTNERS, L.P. | 103,280 | $ 2,302,111 | 1.41% | 17 | 103,280 |
| PARSONS CAPITAL MANAGEMENT INC/RI | 305,445 | $ 6,808,369 | 1.37% | 11 | 1,725 |
| ROUNDVIEW CAPITAL LLC | 75,215 | $ 1,676,542 | 1.37% | 20 | 75,215 |
| FIRST DALLAS SECURITIES INC. | 77,260 | $ 1,722,125 | 1.30% | 23 | 10,248 |
| J.P. MARVEL INVESTMENT ADVISORS, LLC | 119,720 | $ 2,668,559 | 1.29% | 29 | No Change |
| GALAXY CAPITAL TRADING LTD | 77,900 | $ 1,736,391 | 1.23% | 20 | 7,400 |
| BOYER & CORPORON WEALTH MANAGEMENT, LLC | 62,286 | $ 1,388,355 | 1.23% | 35 | 62,286 |
| POLAR SECURITIES INC.(PRN) | 15,000,000 | $ 14,728,000 | 1.22% | 91 | No Change |
| STEWARD CAPITAL MANAGEMENT/ | 50,000 | $ 1,114,500 | 1.21% | 33 | 3,000 |
| HUNTER ASSOCIATES INC. | 138,426 | $ 3,085,516 | 1.20% | 23 | 3,079 |
| ARIEL INVESTMENTS, LLC | 2,320,840 | $ 51,731,526 | 1.19% | 39 | 473,040 |
| OPTIMUM GROWTH ADVISORS, LLC | 52,550 | $ 1,171,340 | 1.18% | 36 | 7,590 |
| RWC ASSET MANAGEMENT LLP(PRN) | 7,500,000 | $ 6,709,350 | 1.16% | 75 | 1,500,000 |
| ALTA ADVISERS LTD | 362,313 | $ 8,075,957 | 1.14% | 48 | 362,313 |
| ADVENT CAPITAL MANAGEMENT /DE/(PRN) | 51,489,000 | $ 46,375,000 | 1.11% | 63 | 39,270,000 |
| SOLARIS ASSET MANAGEMENT LLC | 50,950 | $ 1,135,676 | 1.05% | 31 | 38,025 |
| SILVER BRIDGE CAPITAL MANAGEMENT LLC | 285,060 | $ 6,353,988 | 1.02% | 20 | 29,165 |
| IKOS CIF LTD | 10,127 | $ 225,731 | 1.01% | 17 | 5,923 |
| INVESTMENT MANAGEMENT OF VIRGINIA LLC | 148,829 | $ 3,317,399 | 1.00% | 29 | 8,667 |