This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tiger Consumer's Top 10 Grew 18% This Year

Stocks in this article: ESRX SBUX PCLN HLF

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.

NEW YORK ( Insider Monkey) -- Patrick McCormack's Tiger Consumer Management is one of the many from Tiger Management. Like its brethren, the fund is housed at 101 Park Avenue in Midtown Manhattan.

Founded in 2006, Tiger Consumer does not change its net exposure based on a market or economic view. Instead, it concentrates on two governing factors to its growth -- liquidity and research capacity -- according to McMormack's letter to investors in 2010.

In late January, we found that McCormack's top 10 positions at the end of September returned 19% since then. The large positions in McMormack's portfolio continue similarly decent performance this year. Since the beginning of 2012, the top 10 positions at the end of December returned 18%, vs. 11% for the S&P 500 index in the same period.

The top three positions in McCormack's portfolio were Kraft (KFT), Dollar General (DG) and McKesson (MCK). Dollar General returned 13% and McKesson delivered an 18% return since the beginning of this year. Kraft is the third-worst-performing position in our list, gaining only 4%.

Follow TheStreet on Twitter and become a fan on Facebook.

The best performing among the stocks in McMormack's portfolio is (PCLN). The stock is up 53% since the beginning of this year, beating the market by 42 percentage points. McCormack increased his Priceline stakes by 16% during the fourth quarter of 2011 -- a rather well-timed bet by the looks of it.

At the end of last year, Tiger Consumer reported to own $58 million worth of Priceline shares. Many other Tiger Cubs were bullish about Priceline. Stephen Mandel, Chase Coleman, Andreas Halvorsen and John Griffin were all among the top five hedge fund managers most bullish about Priceline. Coleman had $570 million invested in this position.

Express Scripts (ESRX) is also generating a strong return this year. To date, the stock is up 32%, outperforming the market by over 20 percentage points. Express Scripts is a new position in McMormack's portfolio. During the fourth quarter, Tiger Consumer initiated a brand new $53 million investment in Express Scripts. Stephen Mandel was in favor of Express Scripts as well. His Lone Pine Capital had over $600 million invested in this position at the end of 2011. Christopher James' Partner Fund Management also had nearly $600 million invested in Express Scripts.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs