Jorge Lemann Of 3G Capital Buys PCLN, JPM, TWC, MON OC

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Jorge Lemann Of 3G Capital Buys PCLN, JPM, TWC, MON OC

Jorge Lemann kept busy during Q4 2013. The Swiss-Brazilian banker and 3G Capital Partners head upped his total holdings to 53 stocks – an eight-position increase from Q3.

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New Acquisitions

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Lemann purchased shares of 17 new companies last quarter, which now collectively account for 21.24% of his fund. He picked up positions in iBillionaire Index holding Priceline.com (NASDAQ:PCLN), banking giant JPMorgan Chase (NYSE:JPM), soon-to-be-acquired Time Warner Cable (NYSE:TWC) and agricultural behemoth Monsanto (NYSE:MON).

His most significant buy was of the Financial Select Sector SPDR Fund (NYSEARCA:XLF). The fund provides investment results corresponding to the Financial Select Sector Index, comprised of firms in diversified financial services. Lemann bought 1.78 million XLF assets, rendering it his sixth-largest allocation (3.85% of his fund). George Soros also has a position in XLF.

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Increased Positions

The billionaire boosted nine of his positions during Q4, including his top holding, Owens Corning (NYSE:OC). He purchased 379,000 OC shares, upping his total to 1.37 million assets, a 5.54% allocation. David Tepper and Ray Dalio join Lemann as Owens Corning investors.

Also worth noting is his purchase of 83,000 shares of Crown Castle International Corp. (NYSE:CCI). Lemann now holds 570,000 assets of the wireless infrastructure owner and operator, a 4.15% allocation. George Soros and Steve Mandel have bet on CCI, too.

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Decreased Positions

It wasn’t all buying for Lemann. He reduced his exposure in a total of 25 positions, including Nielsen Holdings (NYSE:NLSN) and iBillionaire Index holding Dollar General (NYSE:DG), two of his top picks.

Lemann sold more than 890,000 Nielsen shares, the company now composing 4.32% of his fund as opposed to 7.10% in Q3. The media analytics provider remains his second-largest allocation and is also in the portfolio of Daniel Loeb.

The billionaire sold off 40,000 shares of Dollar General, which now composes 4.38% of his fund. The discount retailer is held by several funds and investors, including Tiger Global, Richard Chilton, Farallon Capital Management, Steve Mandel, Daniel Loeb and George Soros.

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Sold Out

Jorge Lemann unloaded 15 positions in Q4, which formerly comprised 17.91% of his fund. Among the companies to which the investor bid adieu are Coty (NYSE:COTY), News Corp. (NASDAQ:NWSA), The New York Times Company (NYSE:NYT) and Michael Kors Holdings (NYSE:KORS).

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