Monday, October 27, 2014

Which Stocks Hurt Billionaire Portfolios the Most in 2014?

NEW YORK (TheStreet) -- Nobody is infallible, not even superstar investors like Warren Buffettaand Carl Icahn. They make bad bets from time to time that investorsacan learn from.a Take, for instance, Delia's and Enzymotec , which have hurt the portfolios of investor billionairesaChase Colemanaand John Paulson. Coleman ownsa3.4 million shares of direct marketing and retail company Delia's, which has lost about 85% of its value in 2014, according to data provided by iBillionaire, a start-up that tracks the portfolios of billionaires who have made their fortunes through investing. A share of Delia's now costs just pennies. Meanwhile,anutritional and medical food ingredients manufactureraEnzymotec, a company Paulsonaholds nearly 4.3 million shares of, shed about 75% of its share price this year.a Sometimes, however, the stars align and some of the most successful investors exceed their reputations. This year, billionaire Bill Ackman's portfolio has no money-losing stocks. His poorest performing ticker is real estate company The Howard Hughes Corporation , which is up about 8% this year.a Click through this slideshow to see the worstainvestments by 19 billionaires in 2014 -- and which billionaire hasn't had any investments lose money this year.a Bill Ackman --aThe Howard Hughes Corporation Ackman, founder and CEO of Pershing Square Capital, owns 3,568,017ashares of real estate companyaThe Howard Hughes Corporation, which has increased in value 8.36% this year. Ackman is the only billionaire on the list not to see any losses across his entire portfolio.a Must Read: The Curious Case of Bill Ackmana Bruce Berkowitz --aFederal Home Loan Mortgage Corporation Berkowitz, founder of Fairholme Capital Management, owns 19,110,900 shares of residential mortgage company Federal Home Loan Mortgage Corporation (Freddie Mac), which has decreased in value 30.34% this year.a Related: Billionaire Investors' Top Stocks: Biggest Gainers in 2014 Warren Buffett --aChicago Bridge & Iron Company Buffett, CEOaof Berkshire Hathaway, owns 10,701,110ashares of energy infrastructure firmaChicago Bridge & Iron Company, which has decreasedain value 44.72% this year. Must Read: 12 Stocks Warren Buffett Loves in 2014 Richard Chilton --aDryShips Inc. Chilton, chairmain, CEO and chief investment officer of Chilton Investment Company, owns 2,211,828ashares of ocean transport company DryShips Inc., which has decreased in value 66.17% this year.a Chase Coleman --aDelia's Coleman, managing partner of hedge fund Tiger Global Management, owns 3.4 millionashares of direct marketing and retail company Delia's, which has decreased in value 85.53% this year.a Leon Cooperman --aCaesars Entertainment Corporation Cooperman, chairman and CEO of investment firm Omega Advisors, owns 6,991,033ashares of casino companyaCaesars Entertainment Corporation, which has decreased in value 53.39% this year.a Ray Dalio --aCree, Inc. Dalio, founder of investment company Bridgewater Associates, owns 8,966ashares of LED light manufacturer Cree, Inc., which has decreased in value 47.28% this year.a David Einhorn --aMcDermott International Einhorn, founder of Greenlight Capital, owns 10,771,864ashares of oil and gas engineering companyaMcDermott International, which has decreased in value 57.21% this year.a Carl Icahn -- Voltari Corporation Icahn, head of Icahn Enterprises, owns 678,203ashares of mobile advertising company Voltari Corporation,awhich has decreased in value 58.31% this year. Must Read: 10 Stocks Carl Icahn Loves in 2014 Edward Lampert --aSears Hometown and Outlet Stores Lampert, chairman and CEO of Sears Holdings and founder, chairman, and CEO of ESL Investments, owns 5,786,416ashares of retaileraSears Hometown and Outlet Stores, which has decreased in value 41.76% this year. a Jorge Lemann --aGNC Holdings Lemann, a Brazilian banker and investor, owns 644,628ashares of health and exercise supplement retailer GNC Holdings, which has decreased in value 36.7% this year.a Daniel Loeb -- Sotheby's Loeb, founder and CEO of hedge fund Third Point LLC, owns 6,650,000ashares of fine artaauction company Sotheby's, which has decreased in value 31.99% this year.a Steve Mandel --aLumber Liquidators Holdings Mandel, founder of hedge fundaLone Pine Capital, owns 2,619,839ashares of hardwood flooring companyaLumber Liquidators Holdings, which has decreased in value 43.79% this year.a John Paulson --aEnzymotec Paulson, founder of Paulson & Co., owns 4,271,230ashares of nutritional and medical food ingredients manufacturer Enzymotec, which has decreased in value 74.94% this year.a Must Read: 10 Stocks Billionaire John Paulson Loves in 2014 Julian Robertson --aApplied Micro Circuits Corporation Robertson, former hedge fund manager known for founding Tiger Management, owns 41,400ashares of microchip companyaApplied Micro Circuits Corporation, which has decreased in value 48.1% this year.a Wilbur Ross --aE2open, Inc. Ross, founder of investment firmaWL Ross & Co., owns 686,123 of cloud software companyaE2open, Inc., which has decreased in value 74.11% this year.a George Soros --aTowerstream Corporation Soros, chairman of Soros Fund Management, owns 488,800ashares of wireless communications service provideraTowerstream Corporation, which has decreased in value 61.49% this year.a Must Read: 10 Stocks George Soros Is Buying Thomas Steyer --aSunesis Pharmaceuticals Steyer, founder of hedge fund Farallon Capital Management, owns 670,000ashares of cancer-drug focused biopharmaceutical companyaSunesis Pharmaceuticals, which has decreased in value 73.84% this year.a David Tepper --aPly Gem Holdings Tepper, founder of hedge fund Appaloosa Management, owns 422,988ashares of building supplies manufactureraPly Gem Holdings, which has decreased in value 45.7% this year. Must Read: Billionaire Investors' Top Stocks: Biggest Gainers in 2014


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