Tiger Eye Capital Dumps Liberty Media, Time Warner Cable

Liberty Media Tiger Eye Capital

Tiger Eye Capital released its latest 13F filing showing its first quarter purchases and sales. Among the company’s major new positions are Halliburton Company (NYSE:HAL) and Adobe Systems Incorporated (NASDAQ:ADBE). The fund sold all of its shares of Liberty Media Corp (NASDAQ:LMCA), American International Group Inc (NYSE:AIG) and Mastercard Inc (NYSE:MA).

Tiger Eye’s top holdings

During the first quarter, Tiger Eye Capital dumped 24 stocks and cut its holdings in 16 others. The firm bought into 14 new stocks and increased its holdings in 10 others. As of March 31, the top two holdings were Altisource Asset Management Corp (NYSEMKT:AAMCV), with nearly 19% of the portfolio, and EQT Corporation (NYSE:EQT), which made up about 6% of the portfolio.

The other three holdings in the top five were Northstar Realty Finance Corp. (NYSE:NRF), Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and Liberty Interactive (Ventures group) (NASDAQ:LVNTA).

Tiger Eye’s new purchases and increases

During the first three months of the year, Tiger Eye Capital bought nearly 239,000 shares of Halliburton Company (NYSE:HAL) and almost 59,000 shares of Adobe Systems Incorporated (NASDAQ:ADBE). Other significant new positions were Ladder Capital Corp (NYSE:LDR) and Williams Companies, Inc. (NYSE:WMB).

The hedge fund increased its position in Diamondback Energy Inc (NASDAQ:FANG) by 530% and its position in W.R. Grace & Co. (NYSE:GRA) by 377%. Other increased positions of note were EQT Corporation (NYSE:EQT), Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK), and Google Inc (NASDAQ:GOOGL).

Tiger Eye’s decreases and closes

Tiger Eye Capital dumped all of its nearly 199,000 shares of Forest Laboratories, Inc. (NYSE:FRX), during the quarter, along with its approximately 100,000 shares of Liberty Media Corp (NASDAQ:LMCA) and more than 340,000 shares of American International Group Inc (NYSE:AIG). The hedge fund also closed out its positions in Mastercard Inc (NYSE:MA), Twitter Inc (NYSE:TWTR), Time Warner Cable Inc (NYSE:TWC) and Visa Inc (NYSE:V).

The firm cut its holdings in Priceline Group Inc (NASDAQ:PCLN) and Comcast Corporation (NASDAQ:CMCSA), each by 62%. It also reduced its position in DISH Network Corp (NASDAQ:DISH), CBS Corporation (NYSE:CBS), Time Warner Inc (NYSE:TWX), and Canadian Pacific Railway Limited (USA) (NYSE:CP) (TSE:CP).

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About the Author

Michelle Jones
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Michelle has been with ValueWalk since 2012 and is now our editor-in-chief. Email her at Mjones@valuewalk.com.

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