Paul Singer

Last Update: 2014-03-12

Number of Stocks: 43
Number of New Stocks: 8

Total Value: $4,408 Mil
Q/Q Turnover: 11%

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

Paul Singer Watch

  • Elliott Management's Paul Singer Reports Activist Position, 5 Other New Buys

    Paul Singer (Trades, Portfolio) is the founder of Elliott Management, a $24 billion New York-based hedge fund. The money manager is known for being zealous regarding conservative fiscal causes and highly critical of fiscal stimulus and other actions of the Fed. In 2014, he has entered the activist investment space with positions in Juniper and Riverbed, where he is pushing for change.

    The long portfolio of Elliott Management followed by GuruFocus contains 42 positions with a value of $4.4 billion. It is 33.7% weighted in the energy sector, followed by technology at 23.5% and ETF, options and preferred at 22.5%.  


  • What Happened to Tesco?

    The British grocer Tesco (TSCDY) has certainly seen better days. The year 2013 seemed to be the nadir for the company until 2014 rolled around. Last year the company saw declines in its business globally. Its South Korean business was squeezed as the government enacted reduced operating hours for supermarkets. Thailand sales saw declines resulting from the extensive flooding. The company left the U.S. with a massive write-down, and the company’s mere presence in Eastern Europe — well, that needs no explanation. Add on top of that that its UK core which the company has been tending to is showing no improvement.


    Today the company was showered with more bad news. The German grocer Aldi grew its market share to 4.3% from 3.3% in a year-on-year comparison for the past three months. Tesco nearly shed a full percentage point to 28.7% for the period. The UK supermarket industry which has traditionally had some of the highest margins in the Western world is seeing those good fortunes crumble.

      


  • Selling Giants - Paul Singer’s Elliott Management Update

    With a background in law, Guru Paul Singer is good at slaying giants, like his recent legal victory over Argentina, and now he is selling a few giants.

    In the second quarter of 2013, Paul Singer, founder of Elliott Management, sold out five companies and reduced Delphi Automotive PLC (DLPH), which averaged gains of 92% for him across seven quarters and is up 83% over 12 months. Another theme of Singer’s recent sells was unloading two large positions in the giants of software infrastructure and computing, Microsoft Corporation (MSFT) and Oracle Corporation (ORCL).  


  • Market Bear Paul Singer’s Top Third Quarter Stock Picks

    Paul Singer is the founder and CEO of Elliott Management, a hedge fund with $17 billion in assets under management, which focuses primarily on distressed debt and has returned an average of 14% a year since its founding in 1997. Elliott’s portfolio was recently added for tracking at GuruFocus. As a current market bear, Singer wrote a scathing letter earlier in August 2011 denouncing the Federal Reserve for artificially low rates and quantitative easing that distorted prices.

    He declared in the letter: “We should demand that the Fed start commenting — in their beautiful prose — on the value of the dollar. They also need to start normalizing interest rates carefully, while developing intelligent policies to deal with the possible resultant decline in many asset prices (possibly balanced by optimism in the increased probability of sound money policies in the future). Until interest rates are normalized, capital will continue to be misallocated throughout the economy, real investment ‘risk’ will be almost impossible to determine and a firm foundation for solid growth in the American economy cannot be created.”  


  • Paul Singer Bids to Buy Another Tech Company, Compuware Corp

    Paul Singer, the founder and CEO of $20 billion hedge fund Elliott Management Corp., has offered to buy the public software company Compuware Corp. (CPWR). Singer bid $11 per share for all of its outstanding shares. Compuware’s shares had traded for between $7.35 and $9.53 in the past 52 weeks before the offer was made. Shares then jumped 17% to as high as $11.16 on news of the offer Monday and are priced at $10.76 in Tuesday trading.

    Compuware Corp. is focused on optimizing technology for other businesses, ensuring that the world’s most important technologies perform at their peak. Its clients include 46 of the top 50 Fortune 500 companies and the majority of the most-visited U.S. web sites.  


  • Paul Singer Buys Reed Elesvier

    Paul Singer of Elliott Management has taken on few new positions according to his recent filings.

    Most interesting was a new position of 4.4 million shares in Reed Elesvier (ENL). The $10.5 billion market cap publishing company has moved up from $20 per share to $28 per share since May 2012.  


  • Newest GuruFocus Investor - Paul Singer of Elliott Management

    Paul Singer, founder of $17 billion hedge fund Elliott Management, is the newest investor GuruFocus has chosen to track. Singer has a background in law that set the stage for his formidable distressed debt tactics he has used to profit from bankrupt companies and sue sovereign nations. From 1977, the year he founded his firm (making it one of the oldest hedge funds), to November 2010, he had an annualized net return of 14.4%. As one of the few to foresee and warn of the pending housing crisis in 2008, his fund was only down 3.08% in 2008, compared to the S&P 500 which was down 37% the same year.

    Singer graduated from the University of Rutgers with a B.S. in psychology and then obtained a J.D. from Harvard Law School. He practiced law for four years after graduation at corporate law firms and Donaldson, Lufkin & Jenrette, an investment bank.  


Add Notes, Comments or Ask Questions

User Comments

No comment yet



Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide