This is the 1st Quarter 2009 edition of our ongoing hedge fund portfolio tracking series. Before reading this update, make sure you check out the Hedge Fund 13F filings series preface.

Next up, we have Tremblant Capital Group. Tremblant is a $3 billion hedge fund based in New York and is run by Bret Barakett, who is a former portfolio manager at Moore Capital Management (the hedge fund run by the great Louis Bacon, whom we also track). If the last name of 'Barakett' sounds familiar, its because his brother, Timothy Barakett, manages fellow hedge fund Atticus Capital, whose portfolio we recently covered. Taken from their site, Tremblant Capital Group's objective is "to achieve superior risk adjust returns for our investors through our focused and disciplined investment process." Barakett has worked with some of the best in the macro game and obviously is quite knowledgeable himself. But, as we noted back in September, Tremblant had a rough 2008.

In recent action, Tremblant filed a 13G on Eclipsys (ECLP) in mid April. Over the course of last year, they disclosed a 5.2% stake in Advanced Medical Optics (EYE). Additionally, they previously filed a 13G filing on Chipotle (CMG), where they had been adding to their large position. We'll check out how their portfolio looks nowadays below.

The following were Tremblant's long equity, note, and options holdings as of March 31st, 2009 as filed with the SEC. We have not detailed the changes to every single position in this update, but we have covered all the major moves. All holdings are common stock unless otherwise denoted.


Some New Positions (Brand new positions that they initiated in the last quarter):

Procter & Gamble (PG), Apple (AAPL) Calls, Visa (V) Puts, Apple (AAPL) Puts, Mastercard (MA) Puts, Qualcomm (QCOM) Puts, J Crew (JCG), Icon (ICLR), Canadian Natural Resources (CNQ).