For hedge-fund followers, it’s a bit of a strange time. The first quarter has come to an end, but until 13Fs come out in May, there’s a bit of a lull in terms of gauging where institutional investment managers are piling their money.
What’s one to do? Look to their bigger, more recent transactions that, because of their size, require disclosure on tighter timelines.
Looking for billionaire-inspired investment ideas? Here are four.
Larry Robbins Likes Manitowoc, Brookdale Senior Living
A multi-industry capital goods manufacturer, Manitowoc operates in two industries – cranes and related products, and food service equipment. The company dates back to 1902 as a shipbuilding and ship repair firm in Manitowoc, Wisconsin.
Manitowoc’s stock has struggled in recent months, declining about -27% over the past year and remaining relatively flat year-to-date. Lackluster performance or not, Larry Robbins isn’t the only billionaire betting on the company – Carl Icahn has a MTW stake as well.
Brookdale Senior Living’s performance has been quite the opposite. Its stock has climbed nearly +20% in the last year and is up about +3% in 2015. Having begun building his stake in the second quarter of 2014, Robbins has enjoyed the benefits of the stock’s gains.
Soros Ups Exposure in Exa Corporation
Exa Corporation develops, sells and supports simulation software and services used by vehicle manufacturers. Founded in 1991, it went public in 2012 and trades on the NASDAQ.
Earnings-wise, Exa has been a bit of a mixed bag in recent quarters. It posted a $0.08 loss in March, below the anticipated consensus loss of $0.05. In December, however, it exceeded expectations, posting $0.02 in EPS (it was expected to post a loss). Its stock has underperformed in 2015, declining about -6% YTD.
Voltari Gets the Icahn Lift
Think the effects of the Icahn lift may be waning? Not so. Case in point: Voltari Corp. (NASDAQ:VLTC). Since the billionaire disclosed an increased stake in the company at the end of March, its price has popped more than +850% – the Icahn lift and then some.
On March 30th, Carl Icahn upped his position in Voltari to 4.74 million shares. He now owns 52.3% of the company, which provides mobile advertising, marketing, merchandising and analytics solutions.
Prior to Icahn’s buy, Voltari had been having a rough go of things. Is price declined about -80% in 2014. Since his investment, however, the stock has soared. It reached market close Tuesday priced at $7.93, leaps and bounds above its 52-week low of $0.63.