Donald Sussman was Selwyn Titan Industrial Corporation’s vice president and chief financial officer. Paloma Partners, a hedge fund for institutional investors, was formed by him in 1981. Trust Asset Management and New China Capital Management LLC are both founded by him. Paloma’s fixed-income relative value bets had significant gains in October, resulting in a 1.5 percent return. The $4.2 billion multi-strategy fund has gained more than 10% this year. Apple Inc. is owned by the fund in the amount of 135,198 shares. Paloma Partners, led by Donald Sussman, is positive on Amazon. In the second quarter, the fund grew its stake in Amazon by 21%. Ivan Feinseth, a Tigress Financial analyst, boosted his price objective on Amazon to $4,460 while maintaining a “Buy” rating.
Here is Insider Monkey’s list of top 10 stock picks of Donald Sussman’s Paloma Partners. With 651,087 shares worth more than $102.60 million, Fisher Asset Management is a major shareholder in Global Payments Inc. The firm issued a quarterly dividend of $0.25 per share in keeping with recent quarters. Donald Sussman’s hedge fund owns around 91,180 shares in the firm, valued at approximately $19.84 million. Caterpillar was raised from “Neutral” to “Buy” by UBS, with a price objective of $235, up from $232. Microchip Technology Incorporated stock has up 31.15 percent in the last year. At the conclusion of the second quarter, 50 hedge funds reported owning shares in the company, indicating that it is attracting the attention of the smart money. The company’s revenue was $857 million, which was $353 million less than expected. In the last year, the company’s stock has dropped by 29%. It’s one of Paloma Partners’ top ten stock recommendations, according to Donald Sussman. Donald Sussman’s Paloma Partners has Norfolk Southern as one of its top ten stock recommendations. The company reported an EPS of $3.06 in the third quarter, exceeding the estimate by $0.14, and 58 of the 873 funds tracked by Insider Monkey had positions in the company, up from 46 a quarter earlier. For more details, click Top 10 Stock Picks of Donald Sussman’s Paloma Partners.
