Seeking Alpha Seeking Alpha Portfolio App for iPad  TPG-Axon
Management is a New York based hedge fund with more than $2.9
billion in reported long equity positions in U.S. listed stocks.
The fund operates a concentrated portfolio of diverse names,
including Sprint Nextel Corp. (S), Mosaic Co. (MOS) and Coca-
Cola Enterprises (CCE). But according to their latest SEC Form
13F, the fund made a big 83,000,000 share wager on satellite
radio company, Sirius XM Radio (SIRI). At the end of last
quarter, this stake represented the fund's third largest equity
position. During the last quarter, the share price traded as low
as $1.63 during the intra-day but also floated well above $2 per
share. It is possible that the fund's cost basis is at or above
current price levels.  TPG-Axon was founded in 2004 by Dinakar
Singh after leaving Goldman Sachs' Principal Strategies Group.
The fund launched with $5 billion and support from private
equity firm Texas Pacific Group.  Sirius XM trades at a trailing
P/E of 46.34, a forward