Warren Buffett’s Apple Stake has Surged in Value to $128 Billion. It would be Worth $146 Billion if the Investor Hadn’t Slashed It. (Business Insider)
Warren Buffett‘s Apple bet jumped in value to $128 billion on Wednesday, thanks to the iPhone maker’s stock price closing at a record high. The investor has more than tripled his money on Apple in the past three years- but he would have quadrupled it if he didn’t sell a chunk of the holding. Buffett’s Berkshire Hathaway conglomerate spent $36 billion between 2016 and mid-2018 to amass the equivalent of 1 billion Apple shares, which would be worth $146 billion today. However, Buffett has cashed in about 12% of that stake in recent years.
Stormy June for CTAs (Hedge Nordic)
Stockholm (HedgeNordic) – The market environment was not very fruitful for many Nordic CTAs during the month of June, with the group incurring an average decline of 1.4 percent for the month. Some CTAs managed to do well nonetheless. The entire fund family of Finnish systematic asset manager Estlander & Partners, Mandatum’s managed futures fund and Danish trend-following commodity fund Calculo Evolution Fund all managed to book gains for the month. Lynx Asset Management’s machine learning-assisted Lynx Constellation incurred a monthly loss of 7.3 percent in June to end the first half of 2021 down 9.6 percent.
Tiger Cub Lone Pine Killed It in the Second Quarter (Institutional Investor)
The legendary hedge fund firm founded by Stephen Mandel, Jr. surged back into the black after a bad start to the year. What a difference a quarter made for Lone Pine Capital. The Tiger Cub founded by Stephen Mandel, Jr. posted roughly 14 percent gains in both its long-short and long-only funds in the second quarter, moving both solidly into the black for the year, according to an investor.
Preqin Quarterly Update: Private Equity & Venture Capital, Q2 2021 (Preqin)
Private equity & venture capital (PEVC) continues to hit records numbers, largely driven by outsized monetary and fiscal stimulus responses in the US and the larger proportion of technology companies in the overall deal flow. Buyout deals doubled to 1,042 compared to Q1 2021 and a record 5,284 PEVC funds are in market at the start of Q3, targeting $899bn in total. Read our latest private equity & venture capital industry update for a detailed look at fundraising, funds in market, investors, buyout and venture capital deals & exits, performance & dry powder, and secondaries in the second quarter of the year.
What Did This CEO Just Do with Personal Shares of Adtalem Global Education (NYSE: ATGE)? (Analyst Ratings)
Yesterday, the COB, Pres & CEO of Adtalem Global Education (ATGE), Lisa Wardell, sold shares of ATGE for $13.94M. Following Lisa Wardell’s last ATGE Sell transaction on June 23, 2021, the stock climbed by 2.7%. Based on Adtalem Global Education’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $281 million and quarterly net profit of $24.65 million.
The Most Influential Investor You Never Heard of is Betting on Outbrain (CalcalisTech)
“The most influential and successful investor you have ever heard of,” is how Seth Klarman (64) has often been described in the American media. The nickname “The Oracle from Boston”, inspired by Warren Buffett‘s nickname “The Oracle from Omaha”, has also been given to the CEO and chief investment officer of the Baupost Group, which manages around $31 billion. In his only book, Margin of Safety from 1991, Klarman explains his concept of investment management. The self-published book had only 5,000 copies, but a sort of cult of investors was formed around it.
A Major Shareholder at OneSpan (NASDAQ: OSPN) is Selling Shares (Analyst Ratings)
Yesterday, a Major Shareholder at OneSpan (OSPN), Kendall Hunt, sold shares of OSPN for $1.18M. The company has a one-year high of $33.33 and a one-year low of $17.85. OSPN’s market cap is $1.02 billion and the company has a P/E ratio of -70.60. Currently, OneSpan has an average volume of 118.69K.
TRENDSETTER Why is ‘Nancy Pelosi Insider Trading’ Trending? (The Sun)
Why is ‘Nancy Pelosi insider trading’ trending? On June 11, the House Judiciary Committee kicked off a series of bills to limit the powers of tech giants including Apple, Amazon, and Google. On July 6, 2021, Fox Business wrote that Nancy’s “husband placed a bet of up to $6million on Apple, Amazon and Google-parent company Alphabet ahead of a powerful House committee moving forward with bills aimed at reining in the powers of Big Tech.
