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Archive for the “Hedge Fund News” Category

Hedge Funds Join the JD.com Movement

Posted on May 26th, 2020 by daniel

JD.com, Inc. (JD) has seen a reasonably upward trend in performance over the past six months, seemingly riding out the storm that the global coronavirus pandemic has brought upon the stock market. The China-based online direct sales company reported better than expected results on May 23, 2020, and now leads the S&P 500 with a staggering gain of approximately 41.6% versus a decline of 8.5%. 

Top Hedge Funds Pile Into Adobe Ahead of First Quarter Results

Posted on March 9th, 2020 by daniel

Adobe, Inc.’s (ADBE) stock has been rising in recent months but has hit a rough patch recently during a period of stock market turmoil. It has resulted in the shares falling by 12% from its recently set high on February 19. Still, Adobe has outperformed the S&P 500, rising by approximately 31.8% in comparison to the S&P 500’s gain of about 8.2% over the past year. 

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Hedge Funds Jump on The Salesforce Band Wagon

Posted on January 27th, 2020 by daniel

Salesforce.com Inc.’s (CRM) stock had a strong finish to 2019, and it has continued into 2020. The shares have steadily outperformed the S&P 500 over the past two months, rising by approximately 28% in comparison to the S&P 500’s gain of about 10%. 

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Point72 Significantly Increases its Stake in Crowd Strike

Posted on January 13th, 2020 by daniel

The shares of Crowd Strike Holdings, Inc. (CRWD) have plunged by more than 42% from the highs that followed their initial public offering [IPO] in June. However, the steep decline in the stock has caught the attention of the investing firm Point72 Asset Management, L.P., which is run by Steven A. Cohen, the famous hedge fund manager.  According to an SEC filing on January 8, Point72 substantiality increased its stake in the equity, bringing its total ownership to over 5%.

Bill Ackman and Pershing Square’s Big Plunge into Howard Hughes Corp.

Posted on December 23rd, 2019 by daniel

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.

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