(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund 13F filings.)
Next up is Philip Falcone's hedge fund Harbinger Capital Partners. Falcone runs his $6 billion hedge fund with a focus both on distressed and equity plays and often takes concentrated positions in companies. And, that last reason is exactly why we track Harbinger. Even though we can't see the fund's distressed plays (Harbinger isn't required to disclose them), we can track the equity...
Recently, Philip Falcone's hedge fund Harbinger Capital Partners filed an amended 13D on shares of Zapata (ZAP). The fund now shows a 51.6% ownership stake in Zapata with 9,950,061 shares. The filing was made due to activity on November 3rd, 2009 and Harbinger ever so slightly boosted its stake by acquiring 61,377 more shares since its last disclosure back in June when we covered Harbinger's initial 13D filing on Zapata.
The most recent 13D also notes that the merger with the newly formed Harbinger Group is in full swing. Those interested...
This is the second quarter 2009 edition of our ongoing hedge fund portfolio tracking series. Before reading this update, make sure you check out our series preface on hedge fund 13F filings.
Next up is Philip Falcone's Harbinger Capital Partners. Harbinger is a $6 billion hedge fund that started back in 2000 with $25 million in seed capital from Harbert Management. Recently, Falcone bought out Harbert to gain ownership of Harbinger. And, he is 'commemorating' his purchase by returning to his roots and launching a new Harbinger hedge fund focused on distressed assets. Harbinger...
Philip Falcone's hedge fund Harbinger Capital Partners has made 4 filings of note with the SEC recently that are all related. Firstly, Harbinger filed a 13D on Zap.com Corp (ZPCM.OB) where it now shows a 99.5% ownership stake in the company with 49,730,165 shares. The filing was made due to activity on July 9th, 2009. What's interesting about this filing is that Harbinger only directly owns 757,907 shares of ZPCM. However, you'll remember that Harbinger also has a large position in Zapata (ZAP). Well, Zapata holds 97.9%...
In a 13G filing just filed with the SEC late yesterday, Philip Falcone's hedge fund Harbinger Capital Partners has disclosed an 8% ownership stake in Morgans Hotel Group (MHGC). The filing was made due to activity on June 24th, 2009 and it now owns 2,584,726 shares. This is a brand new position for the fund, as it previously did not hold it when we last looked at Harbinger's portfolio.
Today we've got two SEC filings to cover regarding Harbinger Capital Partners' stake in Solutia (SOA). But, both filings were essentially made for the same reason (just at different times). Firstly, Philip Falcone's hedge fund Harbinger Capital Partners filed an amended 13D on their SOA position back on June 18th to reflect the selling they've done. At that time, they had a 14.1% stake in the company with 16,813,411 shares. But, more recently, they've also filed an SEC Form 4 which shows that Philip Falcone's hedge fund sold even more shares of...
This is the 1st Quarter 2009 edition of our ongoing hedge fund portfolio tracking series. Before reading this update, make sure you check out the Hedge Fund 13F filings series preface.
Harbinger Capital Partners is a $6 billion firm ran by Philip Falcone. Harbinger was started in 2000 with seed capital from Harbert Management ($25 million). We've learned that Falcone is buying out Harbert to be the owner of the firm. Falcone made a name for himself in 2007 when he started shorting subprime mortgages and returned 117%. He focuses on intensive credit research, on bankruptcies...
In a 13D filing with the SEC, Harbinger Capital Partners has revealed a new position in Zapata Corporation (ZAP) due to activity on June 17th, 2009. This is a brand new position for the hedge fund and it now shows a 51.3% ownership stake with 9,888,684 shares.
Admittedly, it's still a bit boring these days in the land of companies
trading below their net current asset value. Dr. Bernanke did not help
yesterday when he and his band of merry men lowered the Fed Fund Rate
(and discount rate) 50bps. (I, for one, was surprised it was
50bps)
Still, the markets move forward, basking in the glow of
the rate cut, and the list of net/nets grows stale. Chock full of
"acquisition" companies that have no real businesses, or companies that
have sold off good businesses, and have no real plans for the
proceeds(we mean you, Zapata)and the primary assets are...
Michael K. Dawson submits:The government?s big ethanol push is driving up the prices of everything including a night at the movies. I just heard on the news that the price of popcorn has increased due to higher corn prices as more corn is being used to produce ethanol. It is time to think like an investor and put a hedge in place to offset rising prices at the grocery store as well as the movie theater. Purchase a few of these agriculture stocks and...
We'd all love to find a way to find that +1,000% gainer. To capture this kind of upside, investors will have to take their chances on companies that may have a great future but little to show for ...
July 23, 2010 /India PRwire/ -- Harbinger Knowledge Products today took another leap towards meeting the needs of its international user base with Elicitus Express - Chinese Edition. Elicitus ...
By HOTSPUR (JA McGrath) As Sir Michael Stoute toasted Harbinger's stunning victory in Saturday's King George VI and Queen Elizabeth Stakes, the elation must inevitably have been tempered by the ...
Harbinger Group has net current asset value of $6.96 per share, compared to the current share price of $6.49 and tangible book value of $7.43 per share. An investment in Harbinger is an ...
PRLog (Press Release) ? Jul 22, 2010 ? Harbinger Knowledge Products today took another leap towards meeting the needs of its international user base with Elicitus Express - Chinese Edition ...
Harbinger Knowledge Products, a global leader in interactive eLearning and presentation software, announced today that it has released a new online Audience Response System (ARS) to support face ...
PRLog (Press Release) ? Jul 21, 2010 ? Harbinger Knowledge Products has released an online Audience Response System for YawnBuster, the path-breaking software for adding high-impact group ...
Harris & Harris Group, Inc. (TINY) [Chart - Analysis - News] established a new 52-week low yesterday at $3.93. Clearly investors are not enthusiastic about the firm's prospects. The decline was ...
Wunderlich gave the Diversified Investments industry some good news as it announced it has initiated coverage on one of its stocks. Two Harbors Investment Corp. (TWO) [Chart - Analysis - News] was ...
Today, 144 companies' share prices reached a new 52-week low. Of these companies, these are the ones that look interesting based on my initial research: Alliant Techsystems is a supplier of ...
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