When one of the largest shareholders in a company increases its position in a stock, it is best to pay attention. Baillie Gifford & Co. recently filed its 13F for the second quarter, and through that filing, we learn that the investment firm upped its holding in Tesla Inc (TSLA).
Goldman Sachs Group (GS) was one of the hottest stocks in the first quarter among Hedge Funds. However, shares of the investment bank haven’t fared well overall in 2018 with the stock down by over 5 percent on the year, and almost 18 percent off its highs.
Despite all the negative headlines, one group of investors took advantages of the fears of others, stepping in and buying shares of Facebook, in what now looks like a genius move.
That’s how it is with most of the famous hedge fund managers – their reputations as wealth creators are based on returns which occurred when their funds were new and small. With some exceptions, the recent performance of the big-name hedge fund managers has been mediocre.
Qualcomm Inc. (QCOM) has been in the news a lot lately, but not for good reasons. In late 2017 Qualcomm was targeted by Broadcom Ltd. (AVGO) in a takeover attempt, which was later blocked by the US Government. Lately, its stock has become a barometer tied to the trade tensions between the US and China. […]