European Shorting
Number of Stocks: 6
Number of New Stocks: 0
Total Value: $182 Mil
Q/Q Turnover: 23%
David Nierenberg has been successfully added into your Personalized Guru List.
David Nierenberg has been removed from your Personalized Guru List.
David Nierenberg has been successfully added into Guru Email Alerts list.
David Nierenberg has been removed from Guru Email Alerts list.
As of Nov. 28, David Nierenberg of micro-cap-focused investment company, D3Family Funds, has reported to eliminating 1.75 million shares off his top holding, Move Inc., according to GuruFocus Real Time Picks. Selling the shares at an average price of $7.40, the reduction totaled 33.79 percent of his shareholding, leaving a 5.93 percent impact to his overall portfolio.
David Nierenberg, founder of D3 Family of Funds, has sold 500 shares of Asset Acceptance Capital Corp. (AACC), out of his current holding of more than 5 million shares, reported Oct. 5 on GuruFocus Real Time Picks. As a 10-percent owner of Asset Acceptance, Nierenberg sold at an average price of $10 per share. The company has a current market price of $7.45 per share, with a market cap of $244.6 million, a P/E (ttm) ratio of 14.7 and a P/S ratio of 1.1.
Our continuing review of the quarter-end portfolios of the Investment Gurus brings us to David Nierenberg of D3Family Funds, a less well-known investment manager amount the heavy-weights such as Warren Buffett, George Soros, John Paulson. However, we found his investment approach interesting. In short, D3 team are long term, actively engaged investors in a concentrated portfolio of public, growth-at-the-right-price (GARP), micro-cap companies. They may manage hedge funds so if you have half a million dollars to invest, you may give them a call.Continue Reading »
Feedback
My Portfolios
Browse Gurus
Bookmark
Add to Personalized Guru List
Email Alerts
RSS Update
RSS