Alan Fournier's Bet on EchoStar Corp Amidst Major Portfolio Changes

GuruFocus.com02-15

Insight into Fournier's Q4 Moves: DISH Network Exit and EchoStar Corp Addition Alan Fournier (Trades, Portfolio), the seasoned investor behind the transformation of his firm into a family office, has ...

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Alan Fournier , the seasoned investor behind the transformation of his firm into a family office, has revealed his latest investment maneuvers with the 13F filing for the fourth quarter of 2023. Fournier, who has built a reputation for his unique investment strategy combining growth and value investing, without formal finance or accounting education, has made significant changes to his portfolio. His approach, which includes a mix of hedging, leverage, and short-selling, reflects his diverse experience from his tenure at firms like Appaloosa Management L.P. and Sanford C. Bernstein.GuruFocus has detected 8 Warning Signs with AMZN.EchoStar Corp , with 2,153,209 shares, making up 7.79% of the portfolio and valued at $35.68 million.Altimmune Inc , comprising 109,800 shares, which is about 0.27% of the portfolio, with a total value of $1.24 million.Perimeter Solutions SA , adding 700,000 shares to bring the tot","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4561":"索罗斯持仓","BK4097":"系统软件","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","SQQQ":"纳指三倍做空ETF","PRM":"Perimeter Solutions, SA",".IXIC":"NASDAQ Composite","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","DISH":"Dish Network","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","SATS":"回声星通信","FGEN":"FibroGen, Inc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","QID":"纳指两倍做空ETF","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4528":"SaaS概念","LU0056508442.USD":"贝莱德世界科技基金A2","BK4532":"文艺复兴科技持仓","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","GOOGL":"谷歌A","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4567":"ESG概念","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4507":"流媒体概念","BK4585":"ETF&股票定投概念","LU0171293334.USD":"贝莱德英国基金A2","TDG":"TransDigm","PSQ":"纳指反向ETF","BK4100":"有线和卫星","QLD":"纳指两倍做多ETF","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4566":"资本集团","BK4587":"ChatGPT概念","QQQ":"纳指100ETF","MSFT":"微软","BK4220":"综合零售","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4538":"云计算","BK4559":"巴菲特持仓","TQQQ":"纳指三倍做多ETF","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4550":"红杉资本持仓","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","AMZN":"亚马逊","ALT":"Altimmune, Inc."},"translate_title":"Alan Fournier在投资组合发生重大变化时押注EchoStar Corp","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALT":1,"FGEN":1,"DISH":1,"MSFT":1,"PRM":1,"GOOGL":1,"SATS":1,"TDG":1,"AMZN":1,".IXIC":0.9,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Insight into Fournier's Q4 Moves: DISH Network Exit and EchoStar Corp Addition\nAlan Fournier (Trades, Portfolio), the seasoned investor behind the transformation of his firm into a family office, has revealed his latest investment maneuvers with the 13F filing for the fourth quarter of 2023. Fournier, who has built a reputation for his unique investment strategy combining growth and value investing, without formal finance or accounting education, has made significant changes to his portfolio. His approach, which includes a mix of hedging, leverage, and short-selling, reflects his diverse experience from his tenure at firms like Appaloosa Management L.P. and Sanford C. Bernstein.\n\nWarning! GuruFocus has detected 8 Warning Signs with AMZN.\n\n\nSummary of New Buys\nAlan Fournier (Trades, Portfolio)'s portfolio welcomed a total of 31 new stocks in the last quarter. Noteworthy additions include:\n\nEchoStar Corp (NASDAQ:SATS), with 2,153,209 shares, making up 7.79% of the portfolio and valued at $35.68 million.\nAltimmune Inc (NASDAQ:ALT), comprising 109,800 shares, which is about 0.27% of the portfolio, with a total value of $1.24 million.\nFibroGen Inc (NASDAQ:FGEN), with 768,400 shares, accounting for 0.15% of the portfolio and a total value of $681,030.\n\nKey Position Increases\nAlan Fournier (Trades, Portfolio) has also raised his stakes in existing investments, with a significant increase in:\n\nPerimeter Solutions SA (NYSE:PRM), adding 700,000 shares to bring the total to 2,300,000 shares. This represents a 43.75% increase in share count, impacting the current portfolio by 0.7%, and a total value of $10.58 million.\n\nSummary of Sold Out Positions\nIn a strategic move, Alan Fournier (Trades, Portfolio) has completely divested from certain holdings in the fourth quarter of 2023:\n\nDISH Network Corp (DISH): Fournier sold all 4,150,000 shares, which had an -8.78% impact on the portfolio.\n\nPortfolio Overview\nAs of the fourth quarter of 2023, Alan Fournier (Trades, Portfolio)'s portfolio is composed of 44 stocks. The top holdings are 11.54% in Amazon.com Inc (NASDAQ:AMZN), 11.44% in Alphabet Inc (NASDAQ:GOOGL), 10.59% in Microsoft Corp (NASDAQ:MSFT), 9.28% in TransDigm Group Inc (NYSE:TDG), and 7.79% in EchoStar Corp (NASDAQ:SATS). The investments are primarily concentrated across seven industries: Technology, Consumer Cyclical, Communication Services, Industrials, Energy, Healthcare, and Basic Materials.\n\n\nAlan Fournier (Trades, Portfolio)'s latest 13F filing indicates a strategic shift in his investment portfolio, with a notable exit from DISH Network Corp and a significant new position in EchoStar Corp. These moves reflect Fournier's dynamic investment philosophy and his ability to adapt to the evolving market landscape. Investors and followers of Fournier's investment strategies will be watching closely to see how these changes play out in the performance of his portfolio.\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2411581065"}