Top US Hedge Funds’ Equity Assets Jump

September 21st, 2009
| More
Paulson & Co, Adage Capital Partners, D.E. Shaw & Co and ESL Investments all saw their US equity assets jump by over $1 billion over the 2nd Quarter of 2009. The biggest gainer, John Paulson’s Paulson & Co, saw its US equity assets increase by $7,763mm to a reach a total of $17,127mm. A significant portion of the hedge fund manager’s increase can be attributed to brand new investments in Bank of America (BAC): $2,217mm / 167,990,464 shares, and Sun Microsystems Inc (JAVA): $682mm / 74,000,000 shares, Goldman Sachs Group Inc (GS): $294mm / 2,000,000 shares, and Pepsi Bottling Group Inc (PBG) $283mm / 8,371,800 shares.

The next biggest gainer was Boston-based Adage Capital Partners, which saw its assets jump by $2,949mm to end the quarter at $15,353mm. The firm was founded by Harvard Management Co veterans Robert Atchinson and Phil Gross. Like, Paulson & Co, Adage Capital did a lot of buying over the second quarter. The hedge fund’s top buys included: Wyeth (WYE): $209mm / 4,615,700 shares, United Technologies Corp (UTX) $165mm / 3,177,864 shares, General Electric Co (GE): $141mm / 12,099,703 shares, and Schering Plough Corp (SGP): $92mm / 3,680,300 shares.

David Shaw’s New York-based hedge fund, D.E. Shaw & Co, saw its assets rise by $2,239mm to $19,223mm. D.E. Shaw’s approach is highly quantitative and it uses a suite of proprietary models designed to exploit several independent sources of market inefficiency. The firm’s top buys were Target Corp (TGT): $125mm / 3,179,498 shares, Banco Bradesco S.A. (BBD) $117mm / 7,962,390 shares, and Burlington Northern Santa Fe (BNI): $97mm / 1,329,745 shares.

Rounding out the top five US Hedge Funds are Eddie Lampert’s ESL Investments and Jim Simons’ Renaissance Technologies Corporation. Despite recent criticisms (please see earlier article) , Greenwich-based ESL Investments saw its assets rise by $1,007mm to $9,709mm. While Renaissance Technologies captured the top spot as the largest US Equity of hedge fund manager, the quant-shop was the only manager out of the top five to see its assets fall. At the end of Q2 2009, Renaissance’s assets stood at $24,265mm, down by $570mm.

For more information on other top hedge funds and portfolio managers, please visit, HedgeTracker’s Complete Hedge Fund Directory
For Detailed Investor Profiles on these Investors, click below:
Adage Capital Partners
D.E. Shaw & Co
ESL Investments
Paulson & Co.
Renaissance Technologies Corporation
Related People: Andrew Hoine; Anne Dinning; David E. Shaw; Eddie Lampert; Eric Wepsic; Jim Simons; John Paulson; Julius Gaudio; Louis Salkind; Max Stone; Mena Gerowin; Mike Barr; Phil Gross; Richard Rainwater*; Robert Atchinson; Stuart Merzer; Stuart Steckler; William C. Crowley
Related Entities: Adage Capital Advisors LLC; Adage Capital Partners LP; D. E. Shaw Oculus Portfolios, LLC; D. E. Shaw Valence Portfolios; D.E. Shaw Group; D.E. Shaw Investment Management; DE Shaw Heliant Fund; ESL Institutional Partners; ESL Investments Inc; Harvard Management; Kmart Holding Corp*; Medallion; Nova; Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI; RBS Partners; Renaissance Institutional Equities Funds; Renaissance Institutional Management LLC; Renaissance Technologies LLC; Rentec; Sears Holdings (NASDAQ: SHLD)
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Top Hedge Fund Portfolio Reports


More Recent Headlines

HIM Capital launches financial focused HIM Income Fund

Nexar Capital Group launched by Societe Generale Veterans

Citadel Investment’s Griffin moves away from Convertibles

C12 Capital Management Launches to Manage Barclays’s Troubled Mortgage Assets

Yahoo CEO Bartz Has a Lot of Explaining to Do

Wells Fargo’s Commercial Portfolio set to Explode?

Hedgeable.com Launches with Search for America's Worst Investor

Elliott Management, WestSpring Advisors, Marshall Wace and Scout make New Hires

CEOs, Boards and Management: Welcome to Club Crony

Fortress Investment Group’s Adam Levinson defends $300mm Bonus