Dan Loeb's Top Position At May 31: Gold

Third point, which was down 0.4% in May, yet up 9.7% YTD, has ignored the noise of what other asset managers did as of March 31, and as per its most recently released monthly holdings report, has kept gold its top position (no three month delay here: this is as of May 31). We wonder how many other hedge funds took advantage of the herd of 13F chasers who offloaded precious metals in imitation of what Soros did some time in February and March, only to load up at lower prices.

Full report:

2011-05 May Monthly Report Prospect