Falcone’s Harbinger Makes New Bets On General Moly (GMO) and RIM (RIMM), Exits Gold ETF (GLD) and UltraShort S&P 500 ETF (SDS)

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Philip Falcone Harbinger Capital hedge fund released its 13F for the quarter ended June 30, 2011 on 8/15.

Notably, the firm showed a new stake in General Moly (NYSE: GMO) and RIM (Nasdaq: RIMM) and raised his stake in Spectrum Brands Holdings (NYSE: SPB).

Falcone also finally liquidated his entire stake in New York Times (NYSE: NYT), sold his entire positions in ETFs SPDR Gold Trust (NYSE: GLD) and ProShares UltraShort S&P500 (NYSE: SDS).

New Stakes
CVR Energy (NYSE: CVI) new 150,000 share position
General Moly (NYSE: GMO) new 1,398,475 share position
Research In Motion Ltd (NASDAQ: RIMM) new 300,000 share position
Southern Union Co. (NYSE: SUG) new 250,000 share position
Trina Solar Ltd. (NYSE: TSL) new 100,000 share position

Raised Stakes
Constellation Energy Group, Inc. (NYSE: CEG) raised from 113,025 shares to 118,600 shares
Spectrum Brands Holdings (NYSE: SPB) raised from 6,500,001 shares to 34,256,906 shares

Lowered Stakes
North American Energy Partners (NYSE: NOA) lowered from 3,700,000 shares to 3,600,000 shares

Liquidated Stakes
Barclays PLC ADS (NYSE: BCS) liquidated
Bunge Limited (NYSE: BG) liquidated
Corn Products International, Inc. (NYSE: CPO) liquidated
New York Times Co. Cl A (NYSE: NYT) liquidated
Petrohawk Energy Corp. (NYSE: HK) liquidated
ProShares UltraShort S&P500 (NYSE: SDS) liquidated
Radian Group, Inc. (NYSE: RDN) liquidated
SPDR Gold Trust (NYSE: GLD) liquidated

Maintained Stakes
Cliffs Natural Resources (NYSE: CLF) maintained 450,000 share stake
Crosstex Energy, Inc. (NASDAQ: XTXI) maintained 4,600,000 share stake
GenOn Energy (NYSE: GEN) maintained 1,971,949 share stake
Harbinger Group (NYSE: HRG) maintained 117,425,230 share stake
Media General Inc. Cl A (NYSE: MEG) maintained 161,771 share stake

For a quarter-over-quarter analysis of Harbinger Capital's portfolio moves go to http://www.streetinsider.com/entities/Harbinger+Capital/?view_portfolio

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13Fs, Hedge Funds

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Harbinger Capital, Standard & Poor's, Barclays, Hedge Funds

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