We added one new name to
the Fund during the quarter: General Electric (GE), the global producer of industrial, household and medical goods.
We added two new securities to
the Fund during the quarter: China ZhengTong Auto Services, one of the five largest auto dealerships in China with 70 full - service dealerships and additional showrooms across the country, and Outotec, a Finland - based supplier of processing plants to the metals and minerals sector.
Take their barometric reading: Fenwick & West's Venture Capital Barometer — the measurement of change in share price of Silicon Valley companies
funded during the quarter compared with their previous financing round — was up 64 percent.
Not exact matches
Of nearly a dozen
fund managers contacted by Reuters, three -
quarters expressed concern about the way companies are allocating capital
during a period of relatively healthy cashflow.
Third Point: The hedge
fund run by Daniel Loeb disclosed Thursday that it bought more than 45 million shares of Ally Financial (ALLY)
during the second
quarter, giving Third Point a 9.5 % stake in the auto lender.
The hedge
fund giant decided «to take another drive» in GM
during the first
quarter of 2015.
During a conference call to discuss first -
quarter results for his hedge
fund firm Pershing Square Capital Management, Ackman described an «intensive» process over the past few weeks as he and a handful of his employees have worked with the embattled drugmaker in its search for a new leader.
Regional startups took the lion's share of VC
funding for the fintech sector
during the second
quarter of 2017.
During the fourth
quarter performance really turns around and the
Fund returns +4.0 %.
Some big names took stakes in Snap
during the first
quarter, including billionaire George Soros» hedge
fund, activist hedge
fund Jana Partners, Daniel Loeb's Third Point and Daniel Och's Och - Ziff Capital Management.
Combined with the first
quarter, the publication said that total ICO
funds raised
during the first half of the year came in at $ 1.13 billion.
Additionally, the $ 21B we saw invested this
quarter is a record high, just the second time we've reached this
funding level
during the last 15 years, and Artificial Intelligence saw its biggest
funding quarter ever (over $ 1.8 B).
Fellow Partners, GrizzlyRock Institutional Value Partners, LP and GrizzlyRock Value Partners, LP (together «GrizzlyRock» or the «
Fund») decreased 7.52 % net of expenses
during the first
quarter of 2018.
Transaction Activity
During the
quarter, the
Fund initiated two new equity positions while eliminating three.
We purchased several new names
during the
quarter, including Glencore as well as some previous holdings of the
Fund, such as Bureau Veritas (France), Nomura (Japan), Omron (Japan) and Swatch Group (Switzerland), that we were able to repurchase due to fundamental changes or price volatility.
Latin America Equity
Fund allocations to Brazil and Mexico, which hit their highest level since mid-3Q13 and lowest since 4Q13, respectively, coming in March, rolled over
during the final month of the first
quarter with the latter seeing a small gain in its average weighting.
During the
quarter, we sold our Western Union shares to
fund a purchase of MasterCard.
But in their most recent policy meeting, Fed officials stated they could raise the federal
funds benchmark sometime this year, possibly
during the second
quarter.
During the
quarter, the
Fund sold positions in Black Knight (received into the portfolio as a distribution from Fidelity National Financial), Manitowoc and Principal Financial.
Customers invested $ 8.8 billion in net cash into Price
funds and other portfolios
during the first
quarter, compared with $ 12 billion pulled out through all of last year.
The Oakmark
Fund declined 8 %
during the past
quarter, bringing the decline to 5 % for the fiscal year ended September 30.
During the
quarter we added an agricultural company and an automobile manufacturer to the
Fund.
During the
quarter we added two new positions to the
Fund: a business - oriented social networking service and a well - known motorcycle manufacturer.
Although we modestly reduced our weighting in Page
during the
quarter due to the share price appreciation, it still remains a significant holding of the
Fund.
Transaction Activity The
Fund initiated five new equity holdings
during the
quarter and eliminated three.
We feel the financials and energy sectors remain undervalued, and the Oakmark
Fund added to several positions in these sectors
during the
quarter.
During the first
quarter of this year, custody and
fund administration fees increased by 3 %, to $ 286.4 million, from the same
quarter in 2015.
Transaction Activity
During the
quarter, the
Fund's equity allocation continued to decline, ending the
quarter at 64 %, compared to 65 % last
quarter and 73 % at the beginning of the last fiscal year.
During the
quarter, the
Fund sold out of Harley - Davidson (NYSE: HOG) and trimmed down some other positions — including South32 (ASX: S32), EL.EN.
Fixed Income Challenges
During the
quarter, our team continued to work to shift the
Fund's fixed - income allocation in a yield - enhancing direction while remaining cognizant of risk.
Transaction Activity
During the
quarter, we added a few small positions to the
Fund, while exiting five holdings.
The International Monetary
Fund said Thursday it has trimmed down its expected global growth for 2015 to 3.3 percent, citing weaker - than - expected economic activity in North America
during the first
quarter.
It is based on data collected
during the second and third
quarters of 2017 about donor - advised
funds and the charities that operate them in fiscal year 2016.
Following the 48 % percent market decline in 1973 - 1974, investors made withdrawals from their holdings of equity mutual
funds during 24 consecutive quarters, from the second quarter of 1975 through the first quarter in 1981 (From Jack Bogle's Common Sense on Mutual Fu
funds during 24 consecutive
quarters, from the second
quarter of 1975 through the first
quarter in 1981 (From Jack Bogle's Common Sense on Mutual
FundsFunds).
The
Fund owns a number of other European staffing companies, including Randstad (Netherlands), Brunel (Netherlands) and Sthree (U.K.), all of which were also strong contributors
during the
quarter.
The Oakmark
Fund hit another all - time high price
during the third calendar
quarter.
According to the World Gold Council's (WGC's) industry benchmark publication «Gold Demand Trends», the third
quarter saw a 9 percent annual decline in gold demand from the same period in 2016; and while demand for gold - backed exchange - traded
funds grew by 18.9 tonnes
during the
quarter, this paled in comparison to the 144.3 tonne inflow in 2016's third
quarter.
The
fund owned 109,676 shares of the financial services provider's stock after selling 3,467 shares
during the
quarter.
During the March
quarter, the
Fund was fortunate to have 5 % of its holdings (two issues, actually) attract takeover offers.
Crowdcube is reporting a record breaking
quarter for the first three months of the year · According to the crowdfunding platform, 49 businesses successfully
funded with # 22.8 million
during Q1 — more than any other previous
quarter.
Assuming the club reaps, say, a
quarter of that sum
during the summer then that's approximately # 35m of
funds available to finance the initial payments and associated fees for incomings.
The report highlights the State's progress in the disbursement of American Recovery and Reinvestment Act (ARRA)
funds during the third
quarter of 2010, which ended September 30.
Hanna is partially self -
funding his congressional bid, but also managed to out - raise Arcuri by about $ 150,000
during the first
quarter of 2010.
Twenty - two State agencies receiving American Recovery and Reinvestment Act (ARRA)
funds reported 41,582 jobs
funded in New York State
during the 3rd
quarter of 2010 (July 1 — September 30).
Amid a challenging market place that includes economic uncertainty here at home and overseas, the state pension
fund made modest gains
during the first
quarter of the state fiscal year.
Embattled Democratic Sen. Robert Menendez paid his chief of staff thousands of dollars from his campaign
funds for «consulting» work
during the third
quarter, Federal Election Commission records shows.
Since taking office in 2009, Borough President Diaz has provided $ 60,226,000 in capital
funding to 388 school projects, nearly a
quarter of his office's total capital allocations
during the time period.
(hh) If the unencumbered amount of cumulative surplus revenue from tuition held by a charter school at the end of a fiscal year, less (i) the amount of the fourth
quarter tuition payment, (ii) the amount held in reserve for the purchase or renovation of an academic facility pursuant to a capital plan, and (iii) any reserve
funds held as security for bank loans, exceeds 20 per cent of its operating budget and its budgeted capital costs for the succeeding fiscal year as is reported in a capital plan to be submitted in the school's most recent annual report, the amount in excess of said 20 per cent shall be returned by the charter school to the sending district or districts and the state in proportion to their share of tuition paid
during the fiscal year.
One reason that several of the
Fund's illiquid common stocks fell
during the
quarter is that many value managers, who might hold similar stocks, saw the opportunity to «upgrade» their portfolios
during mid-late September.
I designate my after - tax 401k contributions to a money market
fund to ensure no pesky gains
during the
quarter that the money is sitting there.