For what it’s worth, here’s a quick look at Galleon‘s top ten holdings. I’d imagine that the phones are ringing off the hook with redemption requests as we speak. These are almost all mega-caps, so I wouldn’t expect a great deal of impact should the fund have to unwind these positions quickly.
NAME STOCK SYMBOL MARKET VALUE SHARES HELD
EBay Inc EBAY $116.1 mln 4.74 mln
Apple Inc APPL $78.3 mln 416,491
Google Inc GOOG $77.4 mln 140,800
OSI Pharma OSIP $52.6 mln 1.65 mln
Bank of America BAC $42.9 mln 2.48 mln
JPMorgan Chase JPM $41.9 mln 909,845
Cisco Systems Inc CSCO $38.6 mln 1.61 mln
SPDR Trust SPY $34.4 mln 316,000
Dell Inc DELL $31.8 mln 2.08 mln
EMC Corp EMC $29.6 mln 1.65 mln
Fortune Magazine also gave us a look at 8 of the trades that Galleon made that were fishy, including Hilton Hotels, AMD and Google. Check it out:
Galleon Insider Trading h/t FundMojo
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