Stockpickr: Trade Stocks Like an Activist

• Third Point, the fund with probably the highest returns on this list. It was most recently active in independent oil and gas company Pogo Producing(PPP Quote).
• Steel Partners, a $4 billion activist fund based in San Francisco. It is run by Warren Lichtenstein.
• Pershing Square, which has been active recently in Barnes & Noble(BKS Quote) and McDonald's.
• Newcastle Partners, a $585 million Dallas-based hedge fund founded by Mark Schwarz in 1993.
• Fine Capital, the largest shareholder of specialty retailer RedEnvelope(REDE Quote)

So how can you piggyback these funds? Simply go to their Stockpickr pages and bookmark them by clicking on the stars above their name to rate them. These portfolios are updated whenever the funds file a new 13D or become active in a position. Once you bookmark a portfolio, you will receive an email each time there's a new position or update.

In addition to activist funds, I also like piggybacking the top value-oriented investors, a topic I plan to discuss in a future column.