GLG Partners Gets Aggressive On Its Top 5 Stock Picks

#3 Shanda Games Limited (ADR) (NASDAQ:GAME)

– Shares held (as of September 30): 8.04 million

– Total Value (as of September 30): $53.89 million

GLG Partners upped its position in Chinese game developer Shanda Games Limited (ADR) (NASDAQ:GAME) by 10% during the third quarter. Shanda Games Limited (ADR) (NASDAQ:GAME) recently completed its merger with Capitalhold Limited, and become a direct wholly owned subsidiary of Capitalhold. Under the merger agreement, Shanda Games was offered $3.55 per ordinary share and $7.10 per American depositary share. As a result of this merger, Shanda Games’ shares will no longer be listed on the NASDAQ. At the end of the third quarter, Shanda Games Limited (ADR) (NASDAQ:GAME) was held in the portfolios of seven hedge funds tracked by Insider Monkey, including Matthew Hulsizer’s Peak6 Capital Management, which owned 429,262 shares.

#2 Cheniere Energy Inc. (NYSEMKT:LNG)

– Shares held (as of September 30): 1.40 million

– Total Value (as of September 30): $67.77 million

GLG Partners seems to be a big fan of Cheniere Energy Inc. (NYSEMKT:LNG), as the fund increased its position by 355,713 shares during the third quarter. Houston-based Cheniere Energy is set to export the first cargo of liquefied natural gas (LNG) from the lower 48 U.S states in early 2016, The Globe and Mail reported, citing Tarek Souki, vice-president of finance for Cheniere. The company plans to start the LNG production at the Sabine Pass terminal in Louisiana in January. Cheniere will face competition from Australian terminals, and increased supply from the U.S and Australia is likely to create pressure on LNG pricing. Cheniere Energy Inc. (NYSEMKT:LNG)’s stock has lost 29.4% of its value year-to-date. Among investors that we track, Carl Icahn’s Icahn Capital LP is the largest shareholder of Cheniere Energy Inc. (NYSEMKT:LNG), with ownership of 28.55 million shares.

#1 CIGNA Corporation (NYSE:CI)

– Shares held (as of September 30): 597,602

– Total Value (as of September 30): $80.69 million

GLG Partners’ top holding is represented by Cigna Corporation (NYSE:CI), in which the fund increased its position by over 65% during the quarter. The company posted strong financial results for the third quarter, with profit increasing to $547 million, or $2.10 per share, versus $534 million, or $2.01 per share, a year earlier. The company’s revenues in the quarter rose by 7% year-over-year to $9.4 billion. Cigna’s stock is trading up by 30.46% year-to-date. At the end of the third quarter, a total of 76 hedge funds among those we track were holding Cigna Corporation (NYSE:CI) in their portfolio, compared to 78 funds at the end of the second quarter. The aggregate value of these investments fell to $3.2 billion compared to $3.6 billion during that time. Among the company’s largest investors is Larry Robbins’ Glenview Capital, which held 4.60 million shares of the company at the end of September.

Disclosure: None