Atlantic Investment Buys Harman, Dresser; Sells Energizer, Weatherford

Atlantic Investment Buys Harman, Dresser; Sells Energizer, Weatherford

Atlantic Investment Management’s Alexander Roepers revealed in its recent 13F filing that it added Harman International Industries Inc./DE/ (NYSE:HAR) and Dresser-Rand Group Inc. (NYSE:DRC), while it sold out its entire positions in Energizer Holdings, Inc. (NYSE:ENR) and Weatherford International Ltd (NYSE:WFT).

Atlantic Investment Harman International

The asset management firm added 4 new stocks to its portfolio, bought more shares of 3 stocks, exited 4 stocks and reduced holdings in 8 stocks. The top ten holdings of Atlantic Investment represent 95.73 percent of its portfolio. Atlantic Investment has a market value of $1.07 billion.

Leon Cooperman Likes These Real Estate, Credit And Private Equity Funds

InvestMany famous hedge fund managers engage in philanthropy, often through their own foundations. Leon Cooperman of Omega Advisors founded his foundation with his wife Toby, and he invested the foundation's funds into many hedge funds and other assets. Q3 2021 hedge fund letters, conferences and more Here are Leon Cooperman's favorite hedge funds based on Read More

Atlantic Investment major new positions

Audio products and electronic systems company Harman International Industries Inc./DE/ (NYSE:HAR) was the biggest new addition to Atlantic Investment’s portfolio during the quarter ended June 30th 2013. It purchased 2,150,000 shares of the company for $1.16 billion. Harman International now represents 10.86 percent of its portfolio.

Another big new addition was Dresser-Rand Group Inc. (NYSE:DRC). Atlantic Investment purchased 257,516 shares for $15.44 million, representing 1.44 percent of its portfolio.

Atlantic Investment also acquired 400,000 shares of Dana Holding Corporation (NYSE:DAN) for $7.70 million representing 0.72 percent of its portfolio.

Top positions

Owens-Illinois Inc (NYSE:OI) is the biggest holding of Atlantic Investment as of June 30th, representing 21.34 percent of its portfolio. The second largest holding was Baker Hughes Incorporated (NYSE:BHI), of which Atlantic Investment owns 4,300,000 shares for $198.35 million representing 18.48 percent of its portfolio. Oil States International, Inc. (NYSE:OIS) is the third largest holding of the asset management firm where it held 1,600,000 shares for $148.22 million representing 13.81 percent of its portfolio.

Rockwood Holdings, Inc. (NYSE:ROC) and Ashland Inc. (NYSE:ASH) occupy the fourth and fifth position among the top positions for Atlantic Investment, wherein the asset management firm held 13.12 percent and 12.45 percent of its overall portfolio respectively.

Sold out positions

Atlantic Investment sold out its entire stake in Energizer Holdings, Inc. (NYSE:ENR) The asset management firm owned 1,311,000 shares of Energizer at the beginning of the previous quarter. It represented 11.98 percent of Atlantic Investment’s total portfolio. The asset management firm also closed its position in Weatherford International Ltd (NYSE:WFT) by selling all the 2,036,829 shares of the company it owned.

Another major position closed during the quarter was National-Oilwell Varco, Inc. (NYSE:NOV) by selling 279,085 shares. Atlantic Investment also sold out its entire holding Towers Watson & Co (NYSE:TW) wherein the asset management company held 82,420 shares representing 0.52 percent of its overall portfolio at the beginning of the previous quarter.

Alexander Roepers will also be speaking at the upcoming Value Investing Congress,  and ValueWalk readers get a big discount.

Savings: $1,000

Discount Code: N13VW5

Expiration: Friday, August 16th


Updated on

No posts to display