Shares of specialty jeweler Tiffany & Co. (NYSE:TIF) have lost 1.5% today, and over the longer term, they’ve been flat over the past month.
Although there are over 8,000 hedge funds in existence today, we look at around 525 funds in total, the cream of the crop, if you will. By using this technique, our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).
With this in mind, it’s crucial to take a look at what names every stock’s hedge fund sentiment is composed of. Here’s the data for Tiffany & Co.
The largest investor in Tiffany & Co. (NYSE:TIF) is Harris Associates managed by Natixis Global Asset Management. The stake of Harris Associates in Tiffany contains about 5.5 million shares valued at $399.7 million. Aside from the fact that Harris Associates is the largest investor, we should also mention that the Tiffany stake was acquired by the hedge fund during the second quarter.
Dan Loeb‘s Third Point is the hedge fund that disclosed the second-largest position in Tiffany & Co. (NYSE:TIF) The hedge fund reported ownership of about 1.7 million shares, the value of the stake amounting to about $120.2 million. During the second quarter of the year, Third Point’s stake in Tiffany declined by 39%.
With a $55.4 million stake, Chilton Investment Company managed by Richard Chilton is the next on the list. The money manager owns about 761,100 shares as of the end of the second quarter, up by over 27,300 shares in comparison with the January-March period.
Another prominent investor that disclosed ownership of Tiffany shares is Chuck Royce‘s Royce & Associates. The hedge fund’s position in the company involves 479,800 shares, worth almost $35 million. During the second quarter Chuck Royce’s stake in Tiffany declined by 6% or around 28,000 shares.
In the equity portfolio of Columbus Circle Investors, managed by Donald Chiboucis, Tiffany is represented via a $31.2 million stake, which contains 428,400 shares. The stake represents a new addition to the 13F portfolio of Donald Chiboucis’ find.
Next on the list is Alexander Mitchell‘s Scopus Asset Management. In the latest round of 13F filings, Scopus reported a $23 million stake in Tiffany & Co. (NYSE:TIF), which contains 315,000 shares. This is a new position.
AlphaBet Management, a hedge fund managed by Jason Adler, boosted its stake in Tiffany by almost 2,700%. As of the end of the second quarter, the hedge fund disclosed ownership of almost 436,600 shares of the company, valued at around $22 million.
In its most recent 13F, Citadel Investment Group, managed by billionaire Ken Griffin disclosed a new position, which involves 297,700 shares, worth $21.7 million.
At the same time, in the latest round of 13F filings with the SEC, Tiffany could be found in the equity portfolio of John W. Rogers‘ hedge fund, Ariel Investments. Ariel Investments disclosed a $18.7 million stake in Tiffany & Co. (NYSE:TIF), which contains 256,700 shares, down by 22% over the quarter.
And the last but not the least, with a $18.2 million stake, Davidson Kempner, managed by Thomas Lenox Kempner is the 10th largest shareholder of Tiffany & Co. (NYSE:TIF). The fund disclosed a position involving 250,000 shares, which also represents a new addition to its equity portfolio.
Disclosure: none
