|Mel Karmazin, CEO of Sirius XM|
Hedge Fund: UBS O'Connor is based in Chicago and reported 709 asset holdings at the end of the fourth quarter, which carried a value of $6.1 billion. By comparison, the fund ended the third quarter with 585 reported holdings worth $5.3 billion. Shares of Sirius XM Purchased in Fourth Quarter: 376,595 worth $618,000. UBS O'Connor last disclosed ownership of Sirius XM shares in the first quarter of 2005. Top Buys in Quarter: UBS O'Connor's buy of Sirius XM is small compared to the 3 million shares of Citigroup ( SIRI) the fund bought during the quarter. UBS O'Connor also bought more than 2 million shares each of McAfee ( MFE), Qwest ( Q), Newell Rubbermaid ( NWL) and AirTran ( AAI) Top Sales in Quarter: The fund unloaded 2.6 million shares of Lowe's ( LOW), 2.1 million shares of Staples ( SPLS) and 1.9 million shares of CVS Caremark ( CVS).
Hedge Fund: Craig Drill Capital is based in New York and last reported 30 holdings worth $586 million. In the third quarter, the fund had only 24 holdings with a value of $33 million, according to SEC filings. Shares of Sirius XM Purchased in Fourth Quarter: 702,900. This is the first purchase of Sirius XM for Craig Drill Capital. Top Buys in Quarter: Sirius XM was Craig Drill's largest acquisition on a share-count basis. The fund also added 574,000 shares of American Water Works ( AWK), 394,000 shares of Cynosure ( CYNO) and 228,000 shares of Merge Healthcare ( MRGE). Top Sales in Quarter: The fund had a relatively small amount of share sales in the quarter. Craig Drill dumped 407,000 shares of Cepheid ( CPHD), 246,000 shares of Calpine ( CPN) and 184,000 shares of Astoria Financial ( AF).
Hedge Fund: Mark Asset Management is based in New York and reported 135 holdings worth $290 million as of Dec. 31. At the end of the third quarter, the fund had 129 holdings with a value of $243 million. Shares of Sirius XM Purchased in Fourth Quarter: 1.22 million worth about $2.1 million. Mark Asset Management is no stranger to Sirius XM, though. The fund owned shares in the first and second quarters of 2007, and again held shares from the third quarter of 2008 through the second quarter of 2009. Top Buys in Quarter: Sirius XM was the fund's largest buy on a share-count basis in the fourth quarter, followed closely by a purchase of 1.1 million shares of Citigroup ( C). Mark Asset also bought 299,000 shares of Lennar ( LEN) and 288,000 shares of Host Hotels & Resorts ( HST). Top Sales in Quarter: Mark Asset unloaded 320,000 shares of Las Vegas Sands ( LVS) last quarter, as well as 243,000 shares of General Growth Properties ( GGP) and 190,000 shares of PulteGroup ( PHM).
Hedge Fund: TCS Capital Management is based in New York and reported 32 holdings valued at $162 million at the end of the fourth quarter. That compares with 35 holdings worth $238 million at the end of the third quarter. Shares of Sirius XM Purchased in Fourth Quarter: 1.71 million worth nearly $2.8 million. TCS Capital was previously a fan of Sirius XM, owning at least 3 million shares of the satellite-radio company from the first quarter of 2004 through the second quarter of 2006. The fund bought and quickly sold 3 million shares of Sirius XM in late 2009, according to the fund's third-quarter and fourth-quarter filings in 2009. Top Buys in Quarter: Sirius XM was the fund's largest purchase based on share count in the quarter. TCS Capital also bought shares of Atmel ( ATML), Interval Leisure Group ( IILG), and Entropic Communications ( ENTR). Top Sales in Quarter: TCS Capital shed 3.5 million shares of Move ( MOVE), 2.1 million shares of Information Services Group ( III) and 1 million shares of Vonage ( VG).
Hedge Fund: Shumway Capital Partners is a Greenwich, Conn.-based fund started by Chris Shumway in 2002. Shumway said early this month he would return all of its external capital to investors by the end of the first quarter, after the fund was hit hard with redemptions after he announced in November he would step down as chief investment officer. Shares of Sirius XM Purchased in Fourth Quarter: 69.7 million. This was not Shumway's first ownership stake in Sirius XM, as the fund owned more than 31 million shares of the company at the end of the second quarter 2010, as well as 76,000 shares in the first quarter 2006. Top Buys in Quarter: Shumway bought 40 million shares of Citigroup ( C) in the quarter, as well as 18 million shares of MGM Resorts ( MGM). Top Sales in Quarter: The fund dumped nearly 10 million shares of Las Vegas Sands ( LVS), 4.6 million shares of Live Nation ( LYV) and 2.7 million shares of CVS Caremark ( CVS). >>View Shumway Capital's Portfolio -- Written by Robert Holmes in Boston. >To contact the writer of this article, click here: Robert Holmes. >To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: firstname.lastname@example.org.