Seminole Management, an employee owned hedge fund, filed a new 13G disclosing ownership of 189,022 shares of YELP as of May 9th.  This gives Seminole a 2.3% stake in the company and is a decrease of 791,288 shares from what they reported on their previous 13G on 4/11.

From Yahoo! Finance, Yelp “operates Yelp.com, an online urban city guide that helps people find places to eat, shot, drink, relax, and play based on the informed opinions of a community of locals in the know.”

Dell Inc. (DELL) is down around 18% today after reporting weaker than expected earnings and providing a disappointing 2nd quarter revenue outlook.  Below are just a few notable funds that held shares in Dell on March 31st.  Go here to get complete listings of all funds that bought or sold Dell this past quarter.

A few notable losers

Greenlight Capital despite selling 2 million shares during Q1 still held 11,964,405 shares on March 31st representing 3.58% of their total 13f portfolio.

Seminole Management started a position in Dell during Q1 2012 and held 2,781,911 shares on March 31st.

Abrams Bison Investments held 6,000,000 shares on March 31st, good for 10.4% of their 13f portfolio.

Dell made up 8.34% of Dalton Investments 13F portfolio on March 31st.

T2 Partners held 767,706 shares on March 31st good for 3.82% of their 13f portfolio.

Any Winners?

D.E. Shaw sold the vast majority of its stake in Dell during Q1 2012 and held only 18,810 shares as of March 31st, down 2,610,123 shares from December 31st.

Financial advisory firm Whale Rock Capital sold its entire position in Dell during Q1 2012. On 12/31/2012 Dell was 3.75% of their entire 13F portfolio.

Lone Pine Capital, a hedge fund run by Stephen F. Madel Jr., filed a new 13G disclosing ownership of 3,498,638 shares of Ulta Salon, Cosmetics & Fragrance, Inc (ULTA) as of May 10th.  This gives Lone Pine a 5.6% stake in the company and is an increase of 2,168,372 shares over what they reported on their 3/31/2012 13F.

From Yahoo! Finance, Ulta Salon, Cosmetics & Fragrance, Inc operates as a beauty retailer that provides prestige, mass, and salon products; and salon services in the United States.

This is a followup to last quarter’s Guru Insights.

Finding consensus stock picks among hedge funds is one of the Primary reasons for analyzing 13f filings.  The Guru Report was built to quickly assist in doing just that.  You can find stocks with a high conviction among selected funds to use as a guide for your own portfolio.

Not a whole lot changed from Q4 2011.  Baidu dipped slightly out of the top 5 into a 5-way tie for 6th.  SPDR Gold shares inched up into that same 5-way tie for 6th.  Mastercard vaulted into the list and competitor Visa ticked up a few notches as well.

Read more on “Guru Insights from Q1 2012” »

Initial results for the Q1 2012 Heat Map are now in.  You can see the full results at http://whalewisdom.com/report/heat_map.  106 active filers were used for the calculation.  The average PE of the top 100 stocks is 21 and the average dividend yield is 1.85%.