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Hedge Fund Trade Of The Week: Williams Companies

Thursday, 10 Mar 2011 | 8:01 PM ET

Hedge fund billionaire Leon Cooperman of Omega Advisors. Michael Karsch of Karsch Capital Management. Phillip Gross of Adage Capital. Daniel Loeb of Third Point Management.

These are some of the prominent hedge fund mangers, who own shares of Williams Companies . For that reason, the Tulsa, Okla.-based oil and gas company is Anthony Scaramucci's "Hedge Fund Trade of the Week."

Hedge Fund Trade of the Week
A look at the Williams Company, with Anthony Scaramucci, SkyBridge Capital.

Although trading around $29 a share, Scaramucci thinks it's worth $37 to $47 a share. Scaramucci thinks the company will unleash value through its E&P spin-off. He also likes its 1.6 percent dividend yield.

To learn more about this trade, watch the video!

Click here to check out other Hedge Fund Trade Of The Week posts

* Anthony Scaramucci runs SkyBridge Capital, a leading alternative asset manager with more than $7 billion under management. Every week on Fast Money, Scaramucci, aka 'The Hedge', takes you behind the hedges, giving you an unprecedented look at the names getting the most chatter amongst the hedge fund community.

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Trader disclosure: On Mar. 10, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova Owns (VRTS), (C), (GS), (PNC), (USB), (JPM), (UPL), (ABT), (MS), (PBR), (BAX), (TEVA), (CVI), (RSX), (SU) and (CNQ). Guy Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE) and (BTU). Pete Najarian Owns (AAPL) and (TCK).

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JOE TERRANOVA
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
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Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (DOM)

KAREN FINERMAN
Finerman's Firm Is Short (IWM)
Finerman's Firm Is Short (MDY)
Finerman's Firm Is Short (SPY)
Finerman's Firm Is Short (XRT)
Finerman's Firm Is Long S&P 500 Puts
Finerman's Firm Is Long Russell 2000 Puts
Finerman's Firm And Finerman Own (AAPL)
Finerman Owns (GOOG)
Finerman's Firm And Finerman Own (MSFT)
Finerman Owns (USO)
Finemran's Firm Owns (JPM), (JPM) Leap
Finerman Owns (JPM)
Finerman's Firm Owns (FDO)

ZACHARY KARABELL
Karabell And River Twice Capital Own (AAPL)
Karabell And River Twice Capital Own (CSCO)
Karabell And River Twice Capital Own (BRCM)
Karabell And River Twice Capital Own (GOOG)
Karabell And River Twice Capital Own (FXI)
Karabell And River Twice Capital Own (FCX)
Karabell And River Twice Capital Own (VALE)
River Twice Capital Owns (VALE)
River Twice Capital Owns (BRCM)
River Twice Capital Owns (SBUX)
River Twice Capital Owns (QCOM)
River Twice Capital Is Short (SPY)
River Twice Capital Is Short (QQQQ)
River Twice Capital Is Short (SMH)

ANTHONY SCARAMUCCI
SkyBridge Is A Fund Of Funds Manager
Funds Held May Or May Not Own The Recommended Securities

SOT/TIM SEYMOUR 2/15/11
***NO DISCLOSURES ON GMCR

SOT/PETE NAJARIAN 1/3/11
***NO DISCLOSURES ON HPQ

SOT/ANTHONY SCARAMUCCI 3/3/11
***NO ADDITIONAL DISCLOSURE NECESSARY

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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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