Paul Singer

Last Update: 08-27-2015

Number of Stocks: 53
Number of New Stocks: 11

Total Value: $7,084 Mil
Q/Q Turnover: 9%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Paul Singer Watch

  • The Delivering Alpha Unfiltered Interview With Paul Singer

    Paul Singer (Trades, Portfolio) is the founder and chief of hedge fund Elliot Management which manages more than $25 billion for investors.


    He is known well for taking activist positions and agitating for positive change at companies. He also has done well investing in and betting against sovereign debt.

      


  • Paul Singer Reduces His Position in Juniper

    Paul Singer (Trades, Portfolio) of Elliott Management recently reduced his position in Juniper Networks, Inc. (NYSE:JNPR). Singer is the founder of Elliott Management which currently manages approximately $6.8 billion in equity assets.


    On July 24 Singer sold 27,519,345 shares of Juniper from his portfolio reducing his stake to 11,721,655 shares or 4.72% of his portfolio. After the sell his weighting in technology was reduced to 26.41% with his largest technology holding in EMC Corporation (NYSE:EMC).

      


  • Paul Singer Sells More Than One-Third of Stake in Fortress Biotech

    Guru Paul Singer (Trades, Portfolio), who founded Elliot Management in 1977, sold more than one-third of his stake in Fortess Biotech Inc (NASDAQ:FBIO), a biopharmaceutical company with offices in New York and Massachusetts, on July 17. That was the day the company announced that its subsidiary, Altamira Bio, attained a license to develop the treatment of hyposialylation disorders.


    The transaction had a -0.05% impact on Singer's portfolio.

      


  • Tocqueville Gold Strategy Investor Letter - Q2 2015

    What is required to restore investor interest in gold? In our opinion, a prolonged bout of financial-market adversity would suffice. After all, the cornerstone of coordinated central-bank policy since 2008 has been the levitation of financial assets via Zero Interest-Rate Policy (ZIRP) and Quantitative Easing (QE) by forcing investors into risky assets. We believe that nothing would serve better to undermine confidence in central bankers than a bear market in bonds and equities. The roof above the dollar gold price has been built brick by brick from confidence in central bankers.


    In our Q12015 Gold Strategy letter, we stated:

      


  • Paul Singer: Government Action Has Made Valuation Efforts Futile

    Global quantitative easing has led to all kinds of implications. One of these is how to go about correctly valuing assets around the world. How do you value something when it is very hard to have any confidence in the paper currency that it earns? And what discount rate do you apply in a zero interest rate world?


    Paul Singer thinks we are in an unprecedented place in 2015.

      


  • Paul Singer's undervalued stocks trading with low P/E ratio

    Paul Singer (Trades, Portfolio) founded Elliot Management in 1977 and now it manages more than $8,000 million in assets with about 60 stocks. Singer is well-known for taking an activist investor stance in underperforming companies, and for buying sovereign debt at a discount, including countries such as Peru, Democratic Republic of the Congo, and Argentina.


    These are the companies in his portfolio that are trading with a very low P/E ratio and even look undervalued according to the GuruFocus’ DCF calculator.

      


  • Paul Singer Sells Stake in Family Dollar Stores

    Guru Paul Singer (Trades, Portfolio) sold his stake in Family Dollar Stores Inc (NYSE:FDO), a North Carolina-based variety store chain, earlier this week, selling 8,236,775 shares for an average price of $79.39 per share. The transaction had a -8.09% impact on Singer’s portfolio.


    The day after Singer’s stock sale was announced, the merger of Dollar Tree Stores Inc’s (NASDAQ:DLTR) $8.5 billion purchase of Family Dollar Stores was completed, ending Dollar Tree’s year-long quest to acquire its competitor and creating the largest dollar store chain in the continental U.S. and Canada. Annual revenue is expected to be around $19 billion.

      


  • Buffett Burgers and the Halleujah Chorus – CMG Capital

    “People are habitually guided by the rear-view mirror and, for the most part, by the vistas immediately behind them.” – Warren Buffett (Trades, Portfolio)


    I was the keynote speaker last night at a large advisor client event in suburban D.C. The title of my presentation was “Buffett Burgers.” With five boys in the house, we find ourselves often grilling Bubba Burgers; thus the incredible inspiration for my presentation. I know, cliché – but I think it went well.

      


  • Paul Singer Adds CTXS To His Portfolio

    Paul Singer (Trades, Portfolio) of Elliot Management added Citrix Systems Inc (NASDAQ:CTXS) to his portfolio on June 1. Singer's portfolio consists of 60 stocks, valued at $8.08 billion and has an 8% quarter-over-quarter turnover.


    The most heavily weighted sector in Singer's portfolio is technology, which consists of 31.7% of his portfolio. The second most heavily weighted sector is energy, which makes up 21.2% of the portfolio and the third is ETF, options, preferred, which is 15.4% of the portfolio.

      


  • Singer Takes Activist Stake in Citrix Systems

    Paul Singer (Trades, Portfolio), the activist investor and founder of Elliott Management, on Thursday disclosed a stake in IT solutions company Citrix Systems Inc. (NASDAQ:CTXS), where he is pushing for change.


    Singer’s Citrix stake reported to the SEC consisted of 3,612,300 shares in his Elliott International entity, or 2.3% of the company. Collectively, three of his entities have “combined economic exposure and voting power” of approximately 7.1% of the company’s shares outstanding. The stake includes call options that expire on June 20 and July 18 of this year.

      


  • Distressed Debt Investor Paul Singer Buys Citrix Systems

    Founder of Elliott Management Paul Singer (Trades, Portfolio) initiated a new position in Citrix Systems (NASDAQ:CTXS) by purchasing 3,612,300 shares on June 1, as reported by GuruFocus Real Time Picks.

    Singer picked up the shares for $65.77 per share; the new holding has a 2.94% portfolio weighting. Citrix is engaged in virtualization, networking, and cloud infrastructure. Its products help IT and service providers to manage secure virtual and mobile workspaces.  


  • Shine Your Light Bright – CMG Capital Management

    “We fail to comprehend how owners of claims on money (that is, bondholders) can continue to ignore the fact that the goal of generating more inflation is aimed precisely at reducing the value of their capital. The opportunity, then, is to short bonds.”


    Paul Singer (Trades, Portfolio)

      


  • Paul Singer Bets On CDK Global Inc.

    Paul Singer (Trades, Portfolio) is the founder of Elliot Management, a hedge fund composed of 73 stocks with a total value of $9,592 million. Singer is well known for taking an activist investor stance in underperforming companies, and for buying sovereign debt at a discount, including countries such as Peru, Democratic Republic of the Congo and Argentina.


    On April 30, he bought 4,197,001 shares of CDK Global Inc (CDK) at an average price of $47.92 and with an impact of 2.11% on his portfolio. With this buy he is now holding 2.62% of shares outstanding of CDK, and he became the second Guru that holds the company. Just a few months before him, the other Guru Eric Mindich bought a big stake of CDK, and he became the main holder: now he holds 2.7% of outstanding shares.

      


  • Paul Singer Sells Two-Thirds of Stake in National Bank Holdings

    Stocks in financial services are low on the priority list for guru Paul Singer (Trades, Portfolio), founder and CEO of multibillion-dollar hedge fund Elliott Management – they have a 3.2% weighting in his portfolio; energy and technology stocks are his preferences – so it wasn’t surprising when he decided to part with a portion of his stake in National Bank Holdings Corp (NYSE:NBHC), a holding company that serves its clients through a network of 97 banking centers, many of them in Colorado and Kansas City, last week.


    What was surprising was how much he sold.

      


  • Insiders recently bought OAS and HTWO

    The  All-In-One Guru Screener, can be used to find the most insider buys over the past week by clicking on the insiders tab and changing the settings for All Insider Buying to "1,000,000+ shares at $5,000,000" and Duration to "over the past 7 days."


     Oasis Petroleum Inc (OAS) and HF2 Financial Management Inc. (HTWO) were the two companies with the heaviest buys over the pas week that met the criteria.

      


  • Paul Singer's Latest Portfolio Increases and Reduction

    Paul Singer of Elliott Management recently upped his stakes in two positions and reduced stakes in one position. Singer's portfolio currently has 83 stocks, valued at $9.59 billion with a quarter over quarter turnover rate of 15%.


    Here's a look at Singer's most recent changes in his portfolio:

      


  • Paul Singer Adds to Family Dollar Stores Stake in Fourth Quarter

    The fourth quarter of 2014 was a low-key one for guru Paul Singer (Trades, Portfolio), founder and CEO of $20 billion New York-based hedge fund Elliott Management Corporation – at least when compared to previous quarters. Singer hasn’t had so few transactions since the second quarter of 2013, when he had none.


    Singer added to only one existing stake in the fourth quarter – his stake in Family Dollar Stores Inc (NYSE:FDO), in which he initially invested in the third quarter of 2014. It is the 16th-largest stake in his portfolio. Singer paid an average price of $79.42 per share. The transaction had a 1.63% impact on his portfolio.

      


  • Paul Singer – Founder And CEO Of Hedge Fund Elliot Management Questions The 1% Oil Over-Supply Causing A Price Decline

    Big time hedge fund manager Paul Singer (Trades, Portfolio) notes that the biggest investors in stocks and bonds in the world today are the major world governments through their central banks.


    Singer also implies that something is amiss in the oil market, saying at a Davos panel:

      


  • Paul Singer: The Price of Instability At Davos

    Paul Singer (Trades, Portfolio) at the World Economic Forum or Davos discuss price instability.


      


  • Tocqueville Investor Letter - Year End 2014

    It is a little-known fact that gold outperformed all currencies in 2014, except for the US dollar. In dollar terms gold declined 1.7 percent, but as the table below shows, it posted solid gains against all other currencies. While the dollar price of gold was essentially flat in 2014, highly negative media coverage created the impression that gold was a disaster. Negative sentiment weighed heavily on the performance of gold-mining shares, with our benchmark XAU index down 17.3 percent. Meanwhile, dollar bulls appear dangerously overcommitted to the greenback, with open interest at an all-time high. The dollar’s strength relative to other currencies has camouflaged the strength of gold. Both dollar and gold strength in our opinion portend trouble ahead for financial assets (click here). It seems to us that with financial assets at all-time highs and red flags proliferating, this is an opportune moment to acquire cheap wealth insurance in the form of physical metal and precious-metal mining shares.


      


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