Hedge Funds https://www.benzinga.com/views/taxonomy/term/44 en Tesla, Nio Significantly Cut From Baillie Gifford Portfolio, Here's What The Firm Bought Instead In Q1 https://www.benzinga.com/trading-ideas/long-ideas/21/05/21006676/tesla-nio-significantly-cut-from-baillie-gifford-portfolio-heres-what-the-firm-bought-in <p>Investment management firm Baillie Gifford shed significant stake in electric carmakers <strong>Tesla Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and <strong>Nio Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) in the first quarter and bought shares in vaccine maker <strong>Moderna Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrna#NASDAQ">MRNA</a>), regulatory filings reveal.</p> <p><strong>What Happened:&nbsp;</strong>Baillie Gifford, a 110-year-old asset management firm and an early investor in Tesla, sold 11.1 million shares, or 1.15% of the Elon Musk-led company&rsquo;s total shares outstanding, reducing the fund&rsquo;s holding by 40% in the EV maker from the previous quarter.</p> <p>The Scottish firm has been lowering its stake in the company for a while and now owns about 1.7% of Tesla&#39;s outstanding shares at 16.22 million; in ...</p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/21/05/21006676/tesla-nio-significantly-cut-from-baillie-gifford-portfolio-heres-what-the-firm-bought-in alt=Tesla, Nio Significantly Cut From Baillie Gifford Portfolio, Here&#039;s What The Firm Bought Instead In Q1>Full story available on Benzinga.com</a></p> AMZN Baillie Gifford CLOV Covid-19 vaccines electric vehicles EVs FB GOOG GOOGL ILMN LI Long Ideas MRNA NIO SHOP SNAP SPOT TSLA Short Ideas Hedge Funds Trading Ideas General AMZN US0231351067 GOOG US38259P7069 ILMN US4523271090 TSLA US88160R1014 FB GOOGL US38259P5089 SHOP LI SNAP SPOT NIO MRNA US56804Q1022 CLOV Long Ideas Short Ideas Hedge Funds Trading Ideas General Benzinga Fri, 07 May 2021 05:43:52 +0000 Rachit Vats 21006676 at https://www.benzinga.com How Did Archegos Capital Collapse? https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20872226/how-did-archegos-capital-collapse <p><strong>Credit Suisse</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cs#NYSE">CS</a>) reported a $4.8-billion loss in the first quarter from its exposure to U.S. hedge fund Archegos Capital. But many investors had never heard of Archegos until the fund blew up, severely impacting Credit Suisse, Nomura and a handful of media and tech stocks..</p> <p><strong>What Is Archegos?</strong> Archegos is technically a family office created to manage the wealth of Bill Hwang, a hedge fund manager who&nbsp;paid a $44-million settlement with the SEC back in 2012 related to charges of insider trading. Following the charges by the SEC, Hwang changed his hedge fund, which manages other people&rsquo;s money, into a family office, an entity that manages only his own wealth.</p> <p>For years, Hwang was very successful with his family office until he began to overutilize leverage, or borrowed money, to chase higher returns in the market. The problem with this strategy comes when investments start to lose money and the banks lending the investor money start to get nervous.</p> <p>At a certain point, Archegos&rsquo; lenders got so uncomfortable with the firm&rsquo;s losses that they issued a margin call, which is similar to a foreclosure on a home. During a margin call, lenders begin selling off a firm&rsquo;s assets against the borrower&rsquo;s will when ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20872226/how-did-archegos-capital-collapse alt=How Did Archegos Capital Collapse?>Full story available on Benzinga.com</a></p> Analyst Color Archegos Capital Bill Hwang Brad mcMillan Commonwealth Financial Network CS DISCA Mike Edwards VIAC Weiss Multi-Strategy Advisers Education Hedge Funds Top Stories Analyst Ratings General DISCA US25470F1049 CS US2254011081 VIAC Analyst Color Education Hedge Funds Top Stories Analyst Ratings General Benzinga Fri, 30 Apr 2021 19:22:24 +0000 Wayne Duggan 20872226 at https://www.benzinga.com 84% Of Warren Buffett's Portfolio In 2021 Is In These 3 Categories https://www.benzinga.com/news/21/04/20623852/84-of-warren-buffetts-portfolio-in-2021-is-in-these-3-categories <p>The legendary value investor and Berkshire Hathaway chairman Warren Buffett has an unmatched track record of market-beating returns for more than half a century. The 90 year&rsquo;s old billionaire, who held $279 billion in stocks says, &quot;The stock market is a device for transferring money from the impatient to the patient.&quot;</p> <p>&nbsp;He adds further that investing is very simple.</p> <p>&ldquo;You don&rsquo;t need to be a rocket scientist. Investing is not a game where the guy with a 160 IQ always beats the guy with a 130 IQ. Rationality is essential. You need a stable personality&rdquo;</p> <p>He used a basic value investing strategy to generate a 20.0% average annual return since Berkshire&rsquo;s inception in 1965, almost double compared to the S&amp;P 500 returns of 10.2%.</p> <p>Buffett, who is worth nearly $100 billion according to Forbes, Portfolio Insider &amp; Bloomberg, has been using a concentrated portfolio strategy instead of diversification.</p> <p>The legendary investor held 84.29% of the stake in three sectors and his top ten holdings weighted around 88% of the <strong>Berkshire Hathaway Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-b#NYSE">BRK-B</a>) portfolio. These three sectors include information technology, finance, and consumer staples.</p> <p>What&rsquo;s more, Buffett&rsquo;s concentrated portfolio strategy worked even in the most volatile and unpredictable year. His investment holding earned $26.7 billion in net unrealized gains from its existing stock positions during the pandemic year while realized gains came in at $4.5 billion.</p> <p>&ldquo;In aggregate, we expect our share of the huge pile of earnings retained by Berkshire&rsquo;s non-controlled businesses (what ...</p><p><a href=https://www.benzinga.com/news/21/04/20623852/84-of-warren-buffetts-portfolio-in-2021-is-in-these-3-categories alt=84% Of Warren Buffett&#039;s Portfolio In 2021 Is In These 3 Categories>Full story available on Benzinga.com</a></p> AAPL AXP BRK-B KHC KO MCO News SNOW USB Warren Buffett Hedge Funds Movers & Shakers Markets Tech General AAPL US0378331005 AXP US0258161092 KO US1912161007 MCO US6153691059 USB US9029733048 BRK-B US0846707026 SNOW KHC News Hedge Funds Movers & Shakers Markets Tech General Benzinga Wed, 14 Apr 2021 15:59:32 +0000 Portfolio Insider 20623852 at https://www.benzinga.com What's It Like To Hold GameStop Stock For Years And Still Miss Out On Millions In Gains? Ask Bill Miller https://www.benzinga.com/news/21/04/20572211/whats-it-like-to-hold-gamestop-stock-for-years-and-still-miss-out-on-millions-in-gains-ask-bill-mill <p>Legendary investor Bill Miller&rsquo;s investment management firm missed out on a potential $800 million windfall after having sold almost its entire holding in <strong>GameStop Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>) before the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/01/19313384/can-gamestop-short-squeeze-bring-down-the-market-what-the-experts-are-saying">January short squeeze</a>, according to a <a href="https://markets.businessinsider.com/news/stocks/bill-miller-sold-gamestop-stock-missed-short-squeeze-windfall-2021-4-1030290629">report</a> by Business Insider.</p> <p><strong>What Happened</strong>: Miller Value Partners LLC initially bought 1.2 million shares in GameStop in early 2014 and boosted its stake in the videogame retailer to almost 1.7 million shares by the end of 2015, according to the report, citing regulatory filings.</p> <p>The stake would have been worth about $808 million when GameStop&rsquo;s shares surged to a 52-week high of $483 on January 28 this year. Based on the current stock price of about $160, the stake would have been valued at about $270 million.</p> <p><em>See also:&nbsp;</em><a href="https://www.benzinga.com/money/how-to-buy-gme-stock/"><em>How&zwnj; ...</em></a></p><p><a href=https://www.benzinga.com/news/21/04/20572211/whats-it-like-to-hold-gamestop-stock-for-years-and-still-miss-out-on-millions-in-gains-ask-bill-mill alt=What&#039;s It Like To Hold GameStop Stock For Years And Still Miss Out On Millions In Gains? Ask Bill Miller>Full story available on Benzinga.com</a></p> AMC Bill Miller CHWY GME Meme Stocks News Reddit Retail Investors RKT wallstreetbets Hedge Funds Media General GME US36467W1099 RKT AMC CHWY News Hedge Funds Media General Benzinga Mon, 12 Apr 2021 08:52:07 +0000 Madhukumar Warrier 20572211 at https://www.benzinga.com Opinion: Hey Banks... Welcome To The Crypto Market! https://www.benzinga.com/markets/cryptocurrency/21/04/20555925/opinion-hey-banks-welcome-to-the-crypto-market <p><em>This column does not necessarily reflect the opinion of the editorial board of Benzinga.</em></p> <p>The crypto industry is maturing rapidly as more and more players from traditional finance enter the space.&nbsp;</p> <p>Now, with the recent surge in crypto markets pushing Bitcoin&rsquo;s price quickly from $20k, $30k, $40k to $50k and even breaking the $60k mark, there is no single hedge fund manager or institutional investor who hasn&rsquo;t already had a conversation about diversifying into digital assets.</p> <p>The crypto industry is maturing from its days of memes and unicorns and is instead faced with a true test of maturity: welcoming traditional finance and, in particular, banks as important participants in the ecosystem.&nbsp;</p> <p><strong>Banks Don&rsquo;t Innovate; They Recognize Innovation.</strong></p> <p>Banks have a long history of following trends rather than starting them.&nbsp;</p> <p>In fact, the earliest banking institutions were created to provide loans to the public.</p> <p>From there, uncertainties in the markets caused a rush on banks, creating the need for the&nbsp;<a href="https://www.fdic.gov/about/history/3-12-33transcript.html" target="_blank">FDIC</a>. Bond markets, mortgages, and car loans would become some of the innovations that banks integrated into their systems over the years.</p> <p>Banks meet the moment, but they do not make the moment. When it comes to crypto, the trend is no different.</p> <p>Just recently, banks have reached a tipping point where they are no longer actively blocking crypto but instead pivoting to find ways to ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/21/04/20555925/opinion-hey-banks-welcome-to-the-crypto-market alt=Opinion: Hey Banks... Welcome To The Crypto Market!>Full story available on Benzinga.com</a></p> $BTC banks Bitcoin cryptocurrencies Cryptocurrency Fintech Jamie Dimon News Hedge Funds Management Treasuries Opinion Markets General $BTC News Cryptocurrency Fintech Hedge Funds Management Treasuries Opinion Markets General Benzinga Fri, 09 Apr 2021 13:15:15 +0000 contributor 20555925 at https://www.benzinga.com