According to the last Barron’s report we focus today on the 5th most performing hedge fund of 2016, that was Okumus Opportunistic Value Ltd., with $524mil of assets and a 3-year compound return of 25.86% a year. The funds’ top 5 largest holdings are Web.com Group Inc (WEB), Valeant Pharmaceuticals International Inc. (VRX), Endurance International Group Holdings Inc. (EIGI), Carlyle Group L.p. (CG), Ascent Capital Group Inc. (ASCMA)
Web.com
It is a provider of web services catering to small and medium-sized businesses and the fund holds 9,562,833 shares with a value of $164 mil.
that is a stake of 36.94% of its portfolio. The current stake was slightly increased by 1% compared to the third quarter of 2016. The stock has a performance of +28% over the last 12 months and according to 11 analysts, the stock is set to continue its positive momentum: 6 of them recommend a “strong buy."
Valeant Pharmaceuticals International Inc.
It is a multi-national specialty pharmaceutical company and the fund holds 4,098,817 shares with a total value of $100 mil. that counts 22.59% of the fund’s total assets. The current stake was reduced by 4% compared to the third quarter of 2016. The stock has a 12-month performance of -80% and according to 14 analysts, the stock is set to continue its negative momentum: while 9 of them recommend to “hold” the stock, 3 of them suggest to sell.
Endurance International Group Holdings Inc.
It is a web hosting company and the fund holds 6,989,412 shares with a total value of $61 mil. that is 13.73% of the portfolio. The current stake was boosted by 601% compared to the third quarter of 2016. The stock has a 1-year performance of -14% and according to 7 analysts, the stock is set to continue its positive momentum: while 4 of them recommend to “hold” the stock, 3 of them suggest a “strong buy."
Carlyle Group L.p.
It is an American multi-national private equity, alternative asset management, and financial services corporation, and the fund holds 3,882,837 shares with a total value of $60 mil.
that is 13.57% of the portfolio. The current stake was reduced by 23% compared to the third quarter of 2016. The stock has a 1-year performance of +31% and according to 9 analysts, the stock is still a good place to put your money. 3 of them suggest a “strong buy," 5 of them to “hold” shares of the company.
Ascent Capital Group Inc.
It is a public holding company that through its subsidiary provides security alarm monitoring services to residential and commercial customers in USA, Canada and Puerto Rico. The hedge fund holds 1,289,727 shares with a total value of nearly $30 mil. that is 6.7% of the portfolio. The current stake as reported on the latest 13-F filling was not changed during the last quarter. The stock has a 1-year performance of +48% and according to 4 analysts, the future of the stock is not clear enough: 3 of them suggest to “hold,” and just 1 suggest a “strong buy."
