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) -- We are do-it-yourself investors. Our favorite |
| Bruce Berkowitz |
"We are basically long-short global stockpickers with a value bias, and we also pay close attention to the big macro picture. On the long side, we go for what we think are deeply undervalued stocks with lots of upside that we can buy at liquidation values or less. On the short side, we go for highly priced stocks with poor fundamentals that the market hasn't focused on yet," Katz told to Barron's. So how did Katz do since the beginning of this year? Katz's 13 stock picks in large cap stocks gained 30.6% this year. His best performing picks were Cobalt International Energy ( CIE), SunTrust Banks ( STI), Citigroup ( C) and Morgan Stanley ( MS). CIE gained 97% whereas financial stocks returned between 25% and 30%. 4. John Hurley - Cavalry Asset Management: John Hurley knows how to fire artillery. He fought during the first Gulf War as an officer of the First Cavalry Division. He also knows how to pick stocks. He founded Cavalry Asset Management in 2003 and manages more than $1 billion. His 16 technology picks had an average return of 29.4% this year. His top stock picks are Apple ( AAPL), Microsoft ( MSFT), Qualcomm ( QCOM), eBay ( EBAY), Seagate ( STX), and Priceline ( PCLN). All of these stocks outperformed the market this year. His focus in tech stocks makes sense. John Hurley is a lecturer at Stanford's Graduate School of Business. 5. Martin Hughes Toscafund Asset Management : Martin Hughes had a very concentrated portfolio of financial stocks. His five stock picks returned more than 27% this year. His top position was Citigroup. 6. Litespeed Management : Jamie Zimmerman was on Bloomberg last week having lunch with Jim Chanos and two other hedge fund guys. She likes distressed investing and thinks that buying companies that are in bankruptcy offers the best risk-return combination because there is more information about these companies than regular stocks. Well, she knows how to pick regular stocks, too. Her six stock picks returned 26.3% since the end of 2011. The best performing stock picks were Seagate, Lyondellbasell ( LYB) and General Motors ( GM). Wait a second, David Einhorn loves these stocks too, how did he do? Actually Einhorn sold out LYB but his top picks were Apple, Microsoft, GM. Seagate was his eighth largest position. Greenlight Capital's 22 stock picks gained 20.8% this year.
We will post these rankings on our hedge fund page later this week. Here's a list of list of the performances of other well-known fund managers here: 9. Marc Lasry : eight picks returned 25.1% 19. John Thaler JAT Capital: 29 picks returned 21.7% 26. Stephen Mandel : 40 picks returned 20.2% 30. Chase Coleman : 20 picks returned 19.2% 33. John Griffin : 39 picks returned 18.6%; 43. Passport Capital : 51 picks returned 18.2% 54. Whitney Tilson : 28 picks returned 17.7% 186. George Soros : 62 picks returned 11.3% 194. John Paulson : 41 picks returned 11.1% 287. Warren Buffett : 32 picks returned 6.4% The actual performance of these hedge fund managers may be substantially different from the the numbers we calculated. We only took into account their large-cap picks and gave equal weights to each position. We also excluded options, warrants, and other securities in each fund manager's portfolio. Hedge fund managers also don't report their short positions which may reduce or increase their overall returns. If you are interested in value-weighted returns of a particular hedge fund or some other customized report, just send us an email.
