Business

13F Highlights: Starboard, Third Point


Some notable buys and sells per 4Q 13Fs from some top hedge funds.

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Starboard Value

ADDITIONS:  Nearly doubled its Baxter (BAX) position – also a Third Point activist target. It’s now Starboard’s 11th largest holding and owns 0.4%.

NEW:  They also showed the new stake in the Darden Restaurants (DRI) spinoff REIT, Four Corners Property Trust (FCPT) – 10th largest holding.

Very small new positions in New York REIT (NYT), Cigna (CI) and Synders-Lance (LNCE) – 20th, 22nd and 23rd largest holdings, respectively.

REDUCTIONS:  Sold out of 24% of its WestRock (WRK) stake and dumped close to 90% of its Office Depot (ODP) shares. ODP now 16th largest holding, down from 5th.

Third Point

ADDITIONS:  Added 50% to its Allergan (AGN) position, now 2nd largest holding.

NEW:  Very small stake in Morgan Stanely (MS).

REDUCTIONS:  Sold most of its Yum! (YUM) was 4th largest holding, sold most of Kraft (KHC) was 5th, and sold all of T-Mobile (TMUS) was 8th.

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Some notable buys and sells per 4Q 13Fs from some top hedge funds. 

Join our free newsletter for some exclusive info we don’t share elsewhere.

Blue Ridge Capital

ADDITIONS:  Added 22% to its Allergan (AGN) and 44% to its AutoDesk (ADSK) positions, now 1st and 2nd largest holdings. Also added 43% to Google (GOOG) – 11th largest.

NEW:  New stake in Teva Pharma (TEVA) – 12th largest holding.

REDUCTIONS:  Sold off 50% of its Endo International (ENDP) shares – was 8th largest holding. Also dumped 44% of its Sirius (SIRI) stake – was 16th.

Weitz Investment Management

ADDITIONS:  Slight 17% increase in Range Resources (RRC) position, puts it to 13th largest holding. Also very small increases in Fossil (FOSL) and Fox (FOXA).

NEW:  New Colfax (CFX) position and owns 1.6% of the co. Also added very small positions in Comcast (CMCSA) and Amazon (AMZN).

REDUCTIONS:  Dumped all its Valeant Pharma (VRX) stake – was 5th largest holding. Also sold off ~20% in other top 20 positions – Google (GOOG), Discovery (DISCA) and Motorola (MSI).

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Aggregated 13F Filings (1)