This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Hedge Funds' Top Stocks Soar After 2011 Rout (Update 2)

Although T2 Partners Fund gained 12.6% in January, the $275 million hedge fund helmed by Whitney Tilson and Glenn Tongue lost 25% in 2011.

In a letter to investors Jan. 31, the partners mostly focused on its January performance, but noted that "our portfolio today is nearly identical to the one that did so poorly last year," adding that "time will tell whether we were wrong or just early on many of our favorite stocks."

Among its winners in January, the partners said, were on-demand video provider Netflix (NFLX - Get Report), Pep Boys (PBY), Goldman Sachs (GS) and JCPenney (JCP - Get Report).

The partners' letter claims that Ron Johnson, JCPenney's new CEO, is "the best retail CEO in the world, bar none," hence their continued long position in the stock.

The $7 billion hedge fund Harbinger Capital Partners, headed by Phil Falcone, has been snapping up shares of the consumer products conglomerate Spectrum Brands Holdings (SPB - Get Report) and now owns almost 56%. The fund first started buying shares in August, 2009 after it emerged from Chapter 11 bankruptcy. Its shares are up 13.3% over the past three months.
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
6 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DELL $0.00 0.00%
AAPL $94.26 -0.77%
FSLR $64.41 -3.10%
GMCR $89.97 0.54%
JCP $7.50 1.50%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs