Kenneth Heebner Adds Herbalife Shares, Buys AIG and Sells Google, who ranked as America’s No. 1 stock picker before losing his touch, added to his stake in Herbalife Ltd., while taking a new position in American International Group Inc. and selling out of Google Inc.
http://finance.yahoo.com/q/op?s=HLF&m=2013-03 Heebner’s Capital Growth Management LP purchased 980,000 shares of Herbalife during the fourth quarter, even as the marketer of nutritional supplements tumbled 31 percent, based on a filing with the Securities and Exchange Commission. The money manager bought 710,000 shares of insurer AIG and sold $123.7 million of Google stock.
Heebner, whose CGM Focus Fund topped all diversified U.S. stock mutual funds in the decade through 2007, has returned 11.3 percent this year and is ranked in the 99th percentile versus peers, according to data compiled by Bloomberg. The Boston-based fund’s assets plunged to $1.5 billion at the end of October from the June 2008 peak of $10.3 billion, as it lost an annual 7.8 percent in the past five years, Bloomberg data show. http://www.bloomberg.com/news/2013-02-14/kenneth-heebner-adds-herbalife-shares-buys-aig-and-sells-google.html?cmpid=yhoo
My post is for my entertainment, do your own DD before pushing your buy/sell buttons