Paul Singer

Last Update: 2014-12-11

Number of Stocks: 74
Number of New Stocks: 11

Total Value: $8,794 Mil
Q/Q Turnover: 23%

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

Paul Singer Watch

  • Paul Singer Boosts Family Dollar Stake Ahead of Dollar Tree Merger

    Paul Singer (Trades, Portfolio) is the manager of $25 billion hedge fund Elliott Management, widely known for his investing in distressed debt and bonds of foreign countries, and taking activist positions in several companies.

    On Dec. 1 Singer reported increasing his sizable position in discount retailer Family Dollar (FDO) by 54.5% to 5,096,867 shares. At the close of business on Dec. 10, the position represented 4.47% of the company’s shares outstanding.


  • Paul Singer hidden gem – how to profit from forced Fondul Propriretatea tender offer

    Fondul Proprietatea, the largest closed-end fund in the world, has been under pressure from its activist investors. The largest shareholder in this Romanian energy fund is Paul Singer (Trades, Portfolio)´s Elliot Associates, who has 15.2% stake in the fund valued at USD 550 mil. It is Paul Singer (Trades, Portfolio)´s third largest position.

    In September shareholders passed a resolution based on which the Franklin Templeton faces termination of the management contract if the NAV discount does not decrease to 15% (from current 25%) in two thirds of trading sessions between October 1, 2014 and June 30, 2015. To comply with this the Fondul share price needs to rice another 13% to 1.07 Ron per share.


  • Hidden Gem in Paul Singer Portfolio

    Elliot Associates´ third-largest investment remains off radar screens for most investors who follow what Paul Singer (Trades, Portfolio) does. The reason is that the investment is outside the U.S. The 550 mln USD position yielded him 54% in the last 12 months. Anybody who likes what Paul Singer (Trades, Portfolio) does should not neglect Fondul Proprietatea.

    Fondul Proprietatea is a Romanian restitution fund that was created by the Romanian state to reimburse Romanian citizens for the assets that were taken from them by the communist regime. Since 2010 the fund is managed by Franklin Templeton and since 2011 the fund is listed on Bucharest Stock Exchange.


  • Paul Singer Buys Stake in Interpublic Group, Calls Shares 'Undervalued'

    Paul Singer (Trades, Portfolio), founder of New York hedge fund Elliott Management Corp, purchased a 2.45% stake in Interpublic Group Companies, according to GuruFocus Real Time Picks.

    In total Singer purchased 10,367,502 shares of the company on July 14, when its price closed at $19.41 per share. The stock price then hit a 10-year high of $20.64 on July 29, before falling back to close at $19.71 on Friday. Overall Interpublic is up 24% for the past year.  

  • 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.  

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