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Fundville » Arthur B Cohen

This is the first of our series “Ignore Fundville at Your Own Peril“.

Look at this fundville table that we released in February 2010:

3. Top 20 Holdings (Value) of This Quarter

No. Security Put/Call Stock Shares Value(x$1000) Activity(Shr) % Port.
1.) LIFE TECHNOLOGIES CORPORATION LIFE 6,200,000 $323,764 Cut -4.62% 8.46%
2.) HOLOGIC, INC. HOLX 17,800,000 $258,100 Cut -3.78% 6.74%
3.) GILEAD SCIENCES, INC. GILD 5,500,000 $237,985 Added 150.00% 6.22%
4.) VALEANT PHARMACEUTICALS INTERNATIONAL VRX 7,000,000 $222,530 Cut -30.00% 5.81%
5.) COVIDIEN PLC COV 3,000,000 $143,670 Cut -28.57% 3.75%
6.) MAGELLAN HEALTH SERVICES, INC. MGLN 3,425,000 $139,500 Unchanged 3.64%
7.) MEDIVATION, INC. PUT MDVN 3,500,000 $131,775 Added 250.00% 3.44%
8.) ST. JUDE MEDICAL, INC. STJ 3,500,000 $128,730 Added 89.19% 3.36%
9.) BIOGEN IDEC INC BIIB 2,277,500 $121,846 Cut -48.24% 3.18%
10.) HILL-ROM HOLDINGS, INC. HRC 4,900,000 $117,551 Unchanged 3.07%
11.) DAVITA INC. DVA 1,775,000 $104,263 Added 255.00% 2.72%
12.) CVS CAREMARK CORPORATION CVS 2,850,000 $91,799 Added 128.00% 2.40%
13.) AMERISOURCEBERGEN CORP. ABC 3,500,000 $91,245 Added 159.26% 2.38%
14.) SERVICE CORP. INTERNATIONAL SCI 11,000,000 $90,090 Added 25.00% 2.35%
15.) ALIGN TECHNOLOGY, INC. ALGN 5,000,000 $89,100 Unchanged 2.33%
16.) BIOMARIN PHARMACEUTICAL INC. BMRN 4,700,000 $88,407 Cut -4.08% 2.31%
17.) BAXTER INTERNATIONAL INC. BAX 1,500,000 $88,020 New 2.30%
18.) PERKINELMER, INC. PKI 4,200,000 $86,478 Cut -2.33% 2.26%
19.) ILLUMINA, INC. ILMN 2,800,000 $85,904 New 2.24%
20.) NEKTAR THERAPEUTICS NKTR 9,100,000 $84,812 Added 0.55% 2.22%

The first observation is that somebody was shorting MDVN, “a biopharmaceutical company, focuses on the development of small molecule drugs for the treatment of Alzheimer’s disease” (Yahoo Finance), with extremely high conviction!

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Julian Robertson’s Tigers, under the “rigorous” training of Wall Street with fear and greed, have lost wildness and become typical civilized Americans. They love “Apple” (AAPL), like to “Google” (GOOG), drink “Pepsi” (PEP) all the time, eat “Monsanto” (MON) gene modified pop corns, watch TV from “DirecTV” (DTV) and enjoy shopping with credit cards from “Visa” (V) and “MasterCard” (MA). They all live in big houses (IYR) and bank at the Chase (JPM). Once in a while, they bid expensive stuff from EBay (EBAY). Well, that’s basically the 10 most popular stocks held by 38 Tiger Club members, all are acclaimed successful hedge fund managers.

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Julian Robertson at U. of Virginia

Julian Robertson at U. of Virginia

From Wikipedia:

Julian H. Robertson Jr., KNZM (Hon) (born 1932) is an American former hedge fund manager. Now retired, Robertson invests directly in other hedge funds, most run by former employees of Robertson’s defunct hedge fund company.

He was born in Salisbury, North Carolina in the United States. Robertson founded the investment firm Tiger Management Corp., one of the earliest hedge funds. Robertson is credited with turning $8 million in start-up capital in 1980 into over $22 billion in the late 1990s, though that was followed by a fast downward spiral of investor withdrawals that ended with the fund closing in 2000.

In 1993, his compensation and share of Tiger’s gain exceeded $300 million. His 2003 estimated net worth was over $400 million, and in September 2009 it was estimated by Forbes at $2.2 billion, a substantial increase from the $1.3 billion estimated the previous year. Robertson said in 2008 that he shorted subprime securities and made money through credit default swaps.The following year, according to Forbes, Robertson’s return on his $200-million personal trading account was 150 percent.

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