RealReal Soars After Michael Burry’s Hedge Fund Discloses Stake (Seeking Alpha)
RealReal (NASDAQ:REAL) broke higher in afternoon trading on Monday after Scion Asset Management disclosed a new position of just over 684K shares as of March 31. RealReal was one of just 21 stocks held by Michael Burry‘s firm at the end of Q1. Shares of RealReal (REAL) were up 16.95% as of 1:01 p.m. to $1.31 vs. the 52-week trading range of $1.00 to $4.07. Volume was above normal activity at over 5.5M shares.
These Hedge Funds Show How Broken the Market Is Today (Money Morning)
Dear Reader, Mid-May is always an important time for me – and the markets. It’s when we get a look at the 13F filings among the big hedge funds. This is historically an opportunity for some of the best stock pickers to display their grit, prove their mettle. I remember first hearing about Bill Ackman‘s big bet on Chipotle Mexican Grill Inc. (CMG) a few years ago through a 13F. He took his stake with a big bet on steak burritos. And the company, through innovation and great leadership, created an incredible brand and grew solid fundamentals that built sustainable business success.
Risk-Parity Trade Is Ready for Rebound as ‘Teflon’ Stocks Ignore Trouble, AQR Says (Bloomberg)
One year after the inflation shock wreaked havoc for diversification strategies on Wall Street, AQR Capital Management sees brighter days ahead for a popular quant trade that spreads money across assets. According to the Greenwich, Connecticut-based systematic manager, so-called risk parity investing — which allocates to everything from stocks and debt to commodities based on their volatility — is ready for a revival as bonds re-establish their traditional role as a portfolio diversifier.
Scandinavian Credit Fund I Open for Business Once Again (Hedge Nordic)
Stockholm (HedgeNordic) – Direct lending vehicle Scandinavian Credit Fund I temporarily suspended deposits and withdrawals in December to address the challenge posed by the illiquid nature of its investments and the influx of redemption requests received during November and December. By repaying the requested redemptions after the repayment of underlying loans in the first quarter, Scandinavian Credit Fund I has been reopened for deposits and withdrawals as of May 12.
Monday 5/15 Insider Buying Report: CPE, TLS (Nasdaq.com)
At Callon Petroleum, a filing with the SEC revealed that on Thursday, Director Steven A. Webster purchased 50,000 shares of CPE, for a cost of $30.97 each, for a total investment of $1.55M. Callon Petroleum is trading up about 1.5% on the day Monday. And on Friday, CEO John B. Wood bought $906,000 worth of Telos, buying 400,000 shares at a cost of $2.27 each. Before this latest buy, Wood made one other buy in the past year, purchasing $730,000 shares at a cost of $3.65 a piece. Telos is trading up about 10.8% on the day Monday. So far Wood is in the green, up about 19.2% on their buy based on today’s trading high of $2.70.
Over $65M Bet On This Healthcare Stock? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Pulse Biosciences: The Trade: Pulse Biosciences, Inc. (PLSE) Director Robert W Duggan acquired a total 10,022,937 shares an average price of $6.51. To acquire these shares, it cost around $65.25 million. Reneo Pharmaceuticals: The Trade: Reneo Pharmaceuticals, Inc. (RPHM) Director Niall Odonnell acquired a total of 125,000 shares at an average price of $8.00. To acquire these shares, it cost around $1 million.
