GLG Partners, founded by Noam Gottesman has filed its 13F for the reporting period of March 31, with the fund holding an equity portfolio valued at just under $3.0 billion as of the reporting period. The fund was launched in 1995, working as a sub-division of Lehman Brothers International (Europe) at the time, and is now a part of Man Group and managed by Teun Johnston and Mark Jones. The fund holds a diversified portfolio with the technology, energy, finance, and healthcare sectors all having nearly equal weight in its portfolio. The fund’s portfolio is also well-balanced, with its top ten stock holdings accounting for just 16.35% of the portfolio’s overall value. Actavis plc (NYSE:ACT), Apple Inc. (NASDAQ:AAPL) and Cheniere Energy, Inc. (NYSEMKT:LNG) are among the primary stockholdings of GLG Partners, which we’ll examine in this article.
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With 266,903 shares valued at $79.44 million, Actavis plc (NYSE:ACT) is the largest stock holding of GLG Partners, though the fund’s position in the pharmaceutical company was trimmed by 7% during the reporting period. Shares of Actavis plc (NYSE:ACT) have grown 16.1% year-to-date and it has a market cap of $118.26 billion. Actavis was recently crowned as the most popular stock among the funds tracked by Insider Monkey, with 157 hedge funds holding the pharmaceutical company in their portfolios, replacing Apple as the number one choice of investment managers. Viking Global, Paulson & Co and OZ Management are among some of those 157 stockholders of Actavis plc (NYSE:ACT) which we track.
Apple Inc. (NASDAQ:AAPL) comes in at number two in the equity portfolio of GLG Partners, which owns 467,291 shares valued at $58.15 million. The investment firm reduced its position in the iPhone-maker by 19% during the first quarter. Shares of Apple, which owns one of the most profitable businesses ever have improved 17.79% year-to-date, lifting its market cap to $763.57 billion. Apple Inc. is planning to launch a live streaming service and is in touch with different local broadcast networks for possible partnerships. This might be excellent news for the investors of Apple, but it will delay the launch of the much-awaited Apple TV. GLG’s top two mimic’s the hedge funds in our database, as Apple Inc. (NASDAQ:AAPL) is also the second favorite stock of hedge funds with 150 holding positions in the company as of March 31. Carl Icahn‘s Icahn Capital LP, Fisher Asset Management, and Adage Capital Management are among some of those investors of the iPad manufacturer.
GLG Partners’ current position in Cheniere Energy, Inc. (NYSEMKT:LNG) includes 700,468 shares with a market value of $54.24 million. GLG has reduced its holdings in each of its top three stocks, including a 17% cut to his position in Cheniere Energy, Inc. Shares of the energy company have grown 5.77% year-to-date and it has market cap of $17.79 billion. Cheniere Energy, Inc. (NYSEMKT:LNG) reported weaker financial results for the first quarter of 2015 with a net loss of $267.7 million against a net loss of $97.8 million in the year-ago quarter. The energy company has attracted investments from large-scale investment managers including Viking Global and Baupost Group.
Family Dollar Stores, Inc. (NYSE:FDO) is the fourth-largest stock holding of GLG. The fund’s current position in the retailer includes 610,373 shares with a market value of $48.37 million, which represents an increase of 78% from the previous quarter. According to a recent update from Dollar Tree, Inc. (NASDAQ:DLTR), Family Dollar it is likely to sell up to 330 stores for the sake of getting regulatory approval from the Federal Trade Commission for its $8.5 billion acquisition of its smaller rival. Family Dollar Stores, Inc. (NYSE:FDO) has a market cap of $8.95 billion with shares currently trading at $78.17. Elliott Management, Pentwater Capital Management, and Canyon Capital Advisors hold large stock positions in the discount retailer.
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