Names That Entice This Hedge Fund

We regularly analyze 13F filings from hedge funds and other notable investors, which folks can also use to find out the stocks top managers have added to their portfolio during any given quarter. Investors can treat these names as free recommendations -- and, while it's not usually a good idea to blindly follow anybody, it's useful to take a closer look. Billionaire Dan Loeb's Third Point is one fund that recently filed its 13F for the fourth quarter so let's go over the fund's five largest new positions by market value.

Loeb and his team bought 7 million shares of News Corp (NWSA), which is in the process of breaking into two separate companies. The breakup has attracted the attention of many investors -- this is very similar to a spinout, which is generally thought to provide potential efficiencies from improved management. Interestingly, News Corp's earnings multiples are in the teens currently, so the valuation is actually not pricing in much of an improvement there. The breakup is certainly complicated, but it could be worth further research....382 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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