David Tepper's Appaloosa Management disclosed in an SEC filing its holdings as of December 31, 2018. Appaloosa's three new buys during the third quarter were, by size of position, Alerian MLP ETF (AMLP), Allstate (ALL), and Wells Fargo (WFC). Appaloosa exited 17 positions during the quarter, including by size of previous position, Alibaba (BABA), Lam Research (LRCX), XPO Logistics (XPO), State Street (STT), and Centene (CNC). Appaloosa increased its stake in three holdings, including by size of previous position, Energy Transfer (EP), Vistra Energy (VST), and PG&E (PCG). Appaloosa reduced its stake in 16 holdings, including by size of previous position, Micron (MU), Facebook (FB), Allergan (AGN), T-Mobile (TMUS), Bank of America (BAC), and Alphabet (GOOG). Appaloosa's top holdings as of December 31, 2018, in order of size, were Micron, Facebook, Allergan, PG&E, and Alphabet.
Stephen Mandel's Lone Pine Capital disclosed in an SEC filing its holdings as of December 31, 2018. The fund's six new buys during the fourth quarter included, by size of position, Booking (BKNG), Mastercard (MA), Tiffany (TIF), Autodesk (ADSK), and Salesforce (CRM). Lone Pine exited six positions in the quarter, including by size of previous position Alphabet (GOOG), Electronic Arts (EA), Nvidia (NVDA), First Data (FDC), Union Pacific (UNP), and FleetCor (FLT). The fund increased its stake in six holdings, including by size of previous position Amazon (AMZN), Facebook (FB), UnitedHealth (UNH), CSX (CSX), Constellation Brands (STZ), and TransUnion (TRU). Lone Pine reduced its stake in 10 positions, including by size of previous position Alibaba (BABA), Activision Blizzard (ATVI), Microsoft (MSFT), MercadoLibre (MELI), and Adobe (ADBE). The fund's top holdings as of December 31, in order of size, were Adobe, Amazon, Microsoft, Iqvia (IQV), and UnitedHealth.
George Soros' Soros Fund Management disclosed in an SEC filing its holdings as of December 31, 2018. The fund's 36 new buys in the fourth quarter included, by size of position, Financial Select Sector SPDR Fund (XLF), IShares Russell 1000 ETF (AMCA), Philip Morris (PM), Verizon (VZ), Red Hat (RHT), Conagra (CAG), Energizer (ENR), Bunge (BG), ServiceNow (NOW), and IAC/InterActiveCorp (IAC). The fund exited 54 positions during the quarter, including by size of previous position Microsoft (MSFT), IShares MSCI Emerging Markets ETF (EEM), Spotify (SPOT), Devon Energy (DVN), Micron (MU), Apple (AAPL), IDT (IDTI), and Alibaba (BABA). Soros Fund increased its stake in 17 holdings, including by size of previous position T-Mobile (TMUS), Mondelez (MDLZ), McCormick (MKC), NRG Energy (NRG), and UnitedHealth (UNH). The fund reduced its stake in 71 holdings, including by size of previous position Caesars (CZR), VICI Properties (VICI), Intelsat (I), Tribune Media (TRCO), and AT&T (T). The fund's top holdings as of December 31, in order of size, were Liberty Broadband (LBRDK), VICI Properties, Caesars, Mondelez, and Financial Select Sector SPDR Fund.
Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of December 31, 2018. Tiger's four new buys during the fourth quarter included, by size of position, StoneCo (STNE), Elastic NV (ESTC), and SolarWinds (SWI). Tiger exited six positions during the quarter, including by size of previous position, Apple (AAPL), Twitter (TWTR), Twilio (TWLO), and MongoDB (MDB). Tiger increased its stake in thirteen holdings, including by size of previous position, Eventbrite (EB), Adobe (ADBE), FleetCor (FLT), and TransDigm (TDG). Tiger reduced its stake in 22 holdings, including by size of previous position, Amazon (AMZN), Booking Holdings (BKNG), Alibaba (BABA), and Netflix (NFLX). Tiger's top holdings as of December 31, 2018, in order of size, were Spotify (SPOT), Microsoft (MSFT), JD.com (JD), Amazon, and Apollo Global (APO).
In a regulatory filing released before the market open, Alibaba (BABA) disclosed a 10.8% passive stake in Bilibili (BILI). The stake represents over 23.6M shares. The filing with the SEC does not allow for activism.
Barry Rosenstein's Jana Partners disclosed in a regulatory filing its holdings as of December 31, 2018. Jana made eight new buys during the fourth quarter, including, by size of position, Centene (CNC), Synopsys (SNPS), Salesforce (CRM), Worldpay (WP) and MasterCard (MA). Jana exited 23 positions during the quarter, including by size of previous position, Electronic Arts (EA), Keurig Dr Pepper (KDP), Alibaba (BABA), Agilent (A) and Hain Celestial (HAIN). Jana increased its stake in nine holdings, including by size, Conagra Brands (CAG), New Oriental Education (EDU), Microsoft (MSFT), Carvana (CVNA), Tiffany (TIF) and Adobe (ADBE). The fund reduced its stake in 12 holdings, including by size Zimmer Biomet (ZBH), HD Supply (HDS), Apple (AAPL), Exact Sciences (EXAS), Falcon Minerals (FLMN) and First Data (FDC). Jana's top holdings as of December 31, in order of size, were Conagra, Zimmer Biomet, HD Supply, Tiffany and Jack in the BOX (JACK).
Ant Financial, an affiliate of Alibaba (BABA), has agreed to purchase UK-based currency exchange WorldFirst, a move which comes after the company's plan to acquire MoneyGram (MGI) was blocked by U.S. regulators over national security concerns, Reuters' Josh Horwitz and Brenda Goh report, citing a spokeswoman and a WorldFirst client letter. WorldFirst CEO Jonathan Quin in the letter that the company "will continue to operate as a UK-headquartered and regulated business with global operations" while becoming a wholly-owned division of Ant Financial. Reference Link
EA's (EA) latest game "Apex Legends" is posing a real online threat to Epic Games' "Fortnite," particularly on Amazon's (AMZN) Twitch streaming platform, Jane Lanhee Lee of Reuters reports. After impressing investors with its enormous launch, "Apex Legends" fell briefly to the second spot on Twitch before retaking first place, Lee notes. "Apex" has made a strong showing on Twitch, reaching 688,000 peak live viewers, the reporter says. "Apex Legends had a massive first week on Twitch. It generated more hours watched than any other game during its launch week in our history," Michael Aragon, Twitch's senior vice president of content, said in an email. Investors in Epic Games include Tencent (TCEHY), Disney (DIS), and KKR (KKR). Reference Link
