Scott Burneys BLUEFIN TRADING Is The Latest 13F Q3 2015 Filler

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Bluefin Trading Llc 13F Stocks

Scott Burney’s Bluefin Trading Llc just filed its Q3 2015 13F. Dated 25/12/2015, the filing shows the hedge fund has a portfolio value of $1.64 billion, representing a decrease of $3.84 million from the previous quarter when it was $1.64 billion. Note: This filling reprents only assets that which are listed in the US.

Portfolio Q32015
Market Value:$1,637,776,000
Previous Mkt Value:$1,641,618,000
Chg Mkt Value %:-0.23 %
Sentiment:
Turnover %:57.10 %
Stocks Activity
New Purchases:157
Additional Purchases:164
Sold out:123
Reduced:145
Top 10 Holdings %:46.08%

New Holdings

In this quarter, Scott Burney’s Bluefin Trading Llc new positions included Ishares Tr (CSJ) for $17.33 million, Ishares (EWY) for $10.99 million, Mens Wearhouse Inc (MW) for $9.30 million, Citrix Sys Inc (CTXS) for $8.34 million and Gnc Hldgs Inc (GNC) for $5.68 million. These were the 5 biggest new positions. In total the hedge fund bought 157 new stocks.

Portfolio New Buys

Top 5 New Buys
Ishares Tr1.06%
Ishares0.67%
Mens Wearhouse Inc0.57%
Citrix Sys Inc0.51%
Gnc Hldgs Inc0.35%
13F Sector Allocation
Materials27 %
Finance22 %
Information Technology21 %
Consumer Discretionary11 %
Health Care4 %

Increased Positions

As shown in this filing the hedge fund lifted its stakes in Sprott Physical Gold Trust (PHYS) by 32% to $14.35 million, Melco Crown Entmt Ltd (MPEL) by 91% to $34.69 million, Time Warner Cable Inc (Call) (TWC) by 63% to $13.18 million, Sunedison Inc (Call) (SUNE) by 73% to $237,000 and Ishares Tr (CIU) by 29% to $9.18 million. Bluefin Trading Llc also acquired smaller stakes in Ishares (LEMB) by 18.03% to $6.47 million, Xilinx Inc (XLNX) by 7.25% to $37.43 million and Las Vegas Sands Corp (LVS) by 54.08% to $5.72 million. Building positions gradually is normal investment practice for many investors.

Fund Sells

Scott Burney’s fund got rid of its stakes in Baxter Intl Inc (BAX), Danaher Corp Del (Put) (DHR), Medivation Inc (Prn), Golar Lng Ltd Bermuda (GLNG) and Babcock & Wilcox Co New (BWC). These securities constituted 2.22 %, 2.04 %, 1.27 %, 1.21 % and 0.86 % of the portfolio, respectively. We can only speculate about the reasons for the dumping but we believe it has to do with either value, momentum or a better place for Bluefin Trading Llc’s capital.

Portfolio Sold All

Reduced Positions

The fund also decreased its postitons in Ishares Tr (EEM) by -86.65%, Ishares Tr (CRED) by -85.11%, 3 (DDD) by -80.77%, 3 (DDD) by -0.74% and Pimco Etf Tr (HYS) by -16.44%.

Top 3 Positions

Dow Chem Co (DOW), Apple Inc (AAPL) and Yahoo Inc (YHOO) made up the majority of Bluefin Trading Llc’s total US long portfolio in Q3 2015. These securities were top 3 and constitute 32.42% of Bluefin Trading Llc’s US-listed securities. The top 10 securities make approximately 46.08% of the fund’s value.

Portfolio Top Holdings

It seems Scott Burney ‘s Bluefin Trading Llc holds concentrated portfolio. We wonder do they believe, same as many legendary traders, that diversification is losing strategy? The chart above provides an overview of Bluefin Trading Llc’s top 10 US-listed stock positions in Q3 2015.

Sector Holdings

Materials Sector Bluefin Trading Llc - Scott BurneyBluefin Trading Llc lifted the materials sector from 3 % to 27 %. According to the filing, the investment manager also has securities for 21 % in the information technology sector. The consumer discretionary sector is 11 % of Bluefin Trading Llc’s 13F portfolio. The fund decreased the Finance, Industrials and Health Care sector positions by 22 %, 25 % and 29 %, respectively.

So these are Q3 2015 fund’s sector weights now: materials 27 % for $442.20 million, finance 22 % for $360.31 million, information technology 21 % for $343.93 million, consumer discretionary 11 % for $180.16 million, health care 4 % for $65.51 million, industrials 3 % for $49.13 million, transports 3 % for $49.13 million, energy 3 % for $49.13 million, consumer staples 2 % for $32.76 million and utilities & telecommunications 1 % for $16.38 million.

Important Position Changes

Top 10 Q3 2015 New Positions: Ishares Tr (CSJ), Ishares (EWY), Mens Wearhouse Inc (MW), Citrix Sys Inc (CTXS), Gnc Hldgs Inc (GNC), Starbucks Corp (SBUX), Mplx Lp (MPLX), Ishares (EWT), Qlik Technologies Inc (QLIK) and United Rentals Inc (URI).

Top 10 Q3 2015 Sold Out Completely: Baxter Intl Inc (BAX), Danaher Corp Del (Put) (DHR), Medivation Inc (Prn), Golar Lng Ltd Bermuda (GLNG), Babcock & Wilcox Co New (BWC), Mylan N V (MYL), Nisource Inc (NI), Ishares Tr (AGG), Vanguard Bd Index Fd Inc (BND) and Vanguard Bd Index Fd Inc (BIV).

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Download the full 13F form in CSV: Q3-2015-Bluefin-Trading-Llc-Scott-Burney-13F-Portfolio-Stock-Holdings.csv

Research more New York hedge funds in our free database. Read ‘What is a Hedge Fund’ at our Hedge Funds resource page.

13F Filing Link: 000108514615002435

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