The Baupost Group just released a new Schedule 13G disclosing no shares held in Targacept (TRGT).  The transaction occurred on March 31st.  They previously released a 13G showing ownership of 6,000,000 shares back on February 10.

Steven Cohen’s SAC Capital Advisors just released a new Schedule 13G disclosing ownership of 806,000 shares in Annies Inc. (BNNY) giving them a 4.8% stake.  The transaction occurred on March 28th.

According to their website, Annies is a rapidly growing natural and organic food company with a widely recognized brand, offering consumers great-tasting products in large packaged food categories.

Passport Capital Sees “Major Retrenchment in Risk Assets” [marketfolly.com]

Eight Investment Lessons From Bruce Berkowitz [businessinsider.com]

Analyzing Bruce Berkowitz’s Top 5 Holdings [seekingalpha.com]

Speculating on AIG’s 2012 Performance [wallstcheatsheet.com]

Marc Faber discusses inflation and wealth destruction [businessinsider.com]

IBM’s Performance in 2012 and who has benefited.  [wallstcheatsheet.com]

Amylin’s Battle with Carl Icahn [seekingalpha.com]

Forcasting a new round of housing woes. [zerohedge.com]

Reuters discusses Paulson’s 1st quarter hedge fund performance [reuters.com]

Pershing Square’s Bill Ackman pushing for change at Canadian Pacific Railway [bloomberg.com]

Hedge Funds who killed it in Q1 [businessinsider.com]

Pershing Square’s investment in Burger King [thestreet.com]

A look at Seth Klarman’s Baupost Group Top Holdings [seekingalpha.com]

Transcript of Leon Cooperman’s discussion about investment strategy [bloomberg.com]

According to a newly released Schedule 13G, Baillie Gifford has exited its position in FLSR as of March 31st.  BG had owned FSLR since at least 2007 according to 13F filings.  They held 6,468,876 shares of FSLR as recently as December 31st, 2011.

First Solar Inc designs and manufactures solar modules using a proprietary thin film semiconductor technology.

Baillie Gifford is an independent investment management firm based in Edinburgh, Scotland.

Read more on “Baillie Gifford exits First Solar” »

Reading this Crossing Wall Street article had me wondering what the average yield of  the Active vs Stable funds discussed previously is.  Whalewisdom has recently started collecting dividend yield info in its database and I thought this would be a good use for it.

The total weighted average portfolio yield of the stable funds was just over 2%.  The active funds was 1.21%.  If we just take the top 20 most concentrated holdings from each then the results become 2.31% for the stable funds and 1.47% for the active funds.  An equal weighting for the top 20 most concentrated holdings would be 2.27% for the stable funds and 2.17% for the active funds.

Overall not a major difference which isn’t surprising.  The more active funds still tend to weigh their portfolios with established large cap names. Next quarter with the news that Apple will starting issuing a dividend the results will probably be even closer.