Pershing Square Capital Management, L.P., which is run by the famous investor Bill Ackman and known for taking concentrated bets, recently increased its stake in The Howard Hughes Corp. (HHC). A recent 13D filing revealed that Ackman significantly increased his stake in the stock on December 13. Howard Hughes is a specialized real estate development company.
Starbucks Corp. (SBUX) has been one of the better performing stocks of 2019, with shares racing higher by over 37%. It is easily better than the S&P 500’a gain of about 26% over the same period. However, investors do not appear to be optimistic for the future, with sellers outpacing buyers by approximately 2-to-1 during the third quarter.
Berkshire Hathaway Inc.’s latest 13F filing for the third quarter didn’t reveal many surprises, except for one. The firm is run by legendary investor Warren Buffett, who is known for taking big stakes in companies like Apple Inc. (AAPL), Bank of America Corp. (BAC), and Coca-Cola Co. (KO). However, the latest filing reveals a new surprise showing the purchase of RH (RH).
Microsoft Corp. (MSFT), Facebook Inc. (FB), and Amazon.com Inc. (AMZN) all have one thing in common, that they are the three largest holdings among the Tiger Cubs in aggregate. The Tiger Cubs are a group of investment firms that can trace their origins back to famed money manager Julian Robertson and Tiger Global Management LLC. According to data compiled by WhaleWisdom, the Tiger Cubs own more than 5% of each of the three companies in their respective portfolios.
One has to think that Baker Brothers Advisors have put together one heck of a year. Two of their top three holdings are up by 80% or more in 2019, helping to make their top three holdings worth a combined $7.9 billion. It represents nearly 45.8% of the firm’s total assets under management, according to data compiled by WhaleWisdom.