been a darling of the investment community for delivering a string of strong returns at a time many hedge funds were up only low single digits. Industry legend Julian Robertson gave the fund its start.
Tiger Global also opened a new 1 million-share stake in First Solar, which was one of January's biggest losers, down 8.75 percent.
But JAT Capital slashed its stake in First Solar during the fourth quarter to about 790,000 shares, from about 1.6 million shares.
Activist investor Daniel Loeb's Third Point LLC accumulated a $148.2 million stake in Morgan Stanley, buying 7.8 million shares of the securities company. The disclosure is the first public acknowledgement of the size of the hedge fund's position, which was mentioned in an investor letter last month.
Greenlight's Einhorn unloaded his entire 658,700 stake in Genworth Financial Inc during the fourth quarter. John Paulson's Paulson & Co and credit-focused trader Boaz Weinstein of Saba Capital Management may have had better timing.
Paulson took a 3.9 million-share position and Saba added roughly 2.3 million shares in Genworth during the fourth quarter. The stock was one of January's best performers with a gain of 22 percent.
Eton Park sold its entire 148,000-share stake in US lender CIT Group Inc and Bruce Berkowitz's Fairholme Funds cut a its exposure to 3.2 million shares from 11.1 million shares.
CIT held preliminary talks over the past year and a half to sell itself to banks, including Toronto-Dominion Bank and Wells Fargo & Co, but nothing came of the conversations, according to three people familiar with the specialty finance company.