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Friday, November 30, 2007

Investing guru Tim Barakett and the Atticus Capital hedge fund

What is Tim Barakett's Atticus Captial hedgefund returns? They are stunning. Last year, its main fund was up 40% (even after deducting for his juicy fees). He buys a lot of call options on his stock holdings as well to increase his returns.

Top Holdings (June and Sept comparisons)

BROOKFIELD ASSET MGMT INC (reduced)
June: 7,991,443
Sept: 6,540,112 ($251 million)

BURLINGTON NORTHN SANTA FE (increased)
June: 6,279,004
Sept: 7,177,404 ($582 million)

CANADIAN NAT RES LTD (reduced)
June: 7,070,817
Sept: 6,070,874 ($459 million)

CITIGROUP INC (new)
Sept: 5,539,900 ($258 million)

CME GROUP INC (new)
Sept: 378,564 ($222 million)

CONOCOPHILLIPS (reduced)
June: 25,392,559
Sept: 15,046,359 ($1.32 billion)


CROWN CASTLE INTL CORP (new)
Sept: 9,192,002 ($373 million)

CSX CORP (reduced)
June: 12,558,952
Sept: 7,669,019 ($327 million)

DIAMOND OFFSHORE DRILLING INC (increased)
June: 2,245,929
Sept: 2,607,329 ($295 million)

ENTERGY CORP NEW (reduced)
June: 2,106,500
Sept: 1,902,274 ($205 million)

FREEPORT-MCMORAN COPPER & GOLD (increased)
June: 12,774,473
Sept: 16,332,173 ($1.71 billion)

GRUPO AEROPORTUARIO DEL PAC (increased)
June: 4,539,337
Sept: 4,693,337 ($256 million)

INVERNESS MED INNOVATIONS INC (increased)
June: 3,203,197
Sept: 4,134,097 ($228 million)

MASTERCARD INC (increased)
June: 3,728,013
Sept: 3,922,236 ($580 miilion)

MOODYS CORP (reduced)
June: 5,876,899
Sept: 3,896,353 ($196 million)

NORFOLK SOUTHERN CORP (reduced)
June: 7,818,180
Sept: 5,502,980 ($285 million)

NYSE EURONEXT (increased)
June: 14,989,209
Sept: 15,049,852 ($1.19 billion)

SCHLUMBERGER LTD (reduced)
June: 2,533,094
Sept: 2,521,400 ($264 million)

TRANSOCEAN INC (reduced)
June: 4,589,175
Sept: 2,057,509 ($232 million)

UNION PAC CORP (increased)
June: 6,853,191
Sept: 7,428,548 ($839 million)

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