Where Is The Smartest “Smart Money” Going?

TipRanks’ No.1 Hedge Fund Manager Bets on These Key Stocks

Tracking hedge funds is a popular investing strategy- especially as investors may assume that hedge fund managers carry out extremely detailed and careful analysis before investing in a particular stock. But while some hedge funds are driving impressive returns, other big-name fund managers have struggled in recent years to post returns that come in even above the S&P 500. Only recently, Eric Mindich announced the closure of his $7 billion Eton Park Capital Management, referring to industry headwinds and a difficult market environment. In these difficult times, how can investors find the top fund managers to follow?

That’s where TipRanks comes in. TipRanks tracks and ranks over 200 fund managers based on the fund’s trades, as revealed by 13F forms filed with the SEC. The Top 25 hedge fund managers page shows that the top performing hedge fund managers are not always the most well-known (think George Soros and Ray Dalio for example) but instead includes some perhaps less familiar names, such as the number 1 fund manager Brad Gerstner.

Gerstner manages the $1.95 billion Altimeter Capital Management fund, which generated an impressive return last year of 21.23%. This figure rises to a whopping 48.7% when calculated on a three-year annualized basis. The conclusion: if we want to know where the smartest money is going, Gerstner is definitely the one to track. In fact this services-focused fund has a measured performance over time of 242% vs just 82% for the S&P 500 and 48% for the average hedge fund portfolio.

So, bearing all this in mind, which top stocks is Gerstner bullish on? We compiled this list of five stocks based on his most recent trades.

Priceline (PCLN)- in Q4 Gerstner ramped up the fund’s holding in online travel booking company Priceline by 199% to 123,000 shares with a reported value of $180 million. In fact, since the last filing the holding (the third biggest in Altimeter’s portfolio) has already shot up in value by over 20%. Indeed, it’s not just Gerstner that is bullish on the stock- PCLN has a strong buy analyst consensus rating on TipRanks with no hold or sell ratings published on the stock in the last three months.

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