Greenlight Increases Elekta Short, While Maverick Covers

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We present the most recent short updates out of Europe based on public filings. Most firms mentioned are large hedge funds, asset managers, banks and other financial institutions. In Germany, Marshall Wace LP disclosed a short position in Aareal Bank AG (ETR:ARL) (FRA:ARL), with a 0.5 percent stake. Wellington Management Company holds a short position in Deutsche EuroShop AG (ETR:DEQ) (FRA:DEQ) with 2.5 percent of the outstanding shares. Meditor Capital Management Limited has a 0.8 percent position in Hugo Boss AG (ETR:BOS3) (FRA:BOS3). Marble Arch Investments recently disclosed a 0.71 percent short position in United Internet AG (ETR:UTDI) (FRA:UTDI).

Greenlight Increases Elekta Short, While Maverick Covers

In other disclosures, Viking Global and PointState Capital both increased their bets in K+S Aktiengesellschaft. AKO Capital reduced its short holding in STADA Arzneimittel AG (ETR:SAZ) (FRA:SAZ) to 0.67 percent, half of what it held in the first week of January. Pine River Capital and Och-Ziff Capital Management Group LLC (NYSE:OZM) continue to decrease their position in TUI AG (ETR:TUI1) (FRA:TUI1).

 In Sweden, Maverick Capital covered its short position in Elekta AB (STO:EKTA-B) on Jan 4th. Maverick initiated the position with a 2.22 percent stake that was disclosed on Nov 1, 2012. The holding was then alternatively increased and decreased in the following period. In the period when the company disclosed its holding this stock,  the price gained 3.44 percent. On the other hand, Greenlight Capital continues to increase its short position in Elekta AB (STO:EKTA-B), which now amounts to 2.17 percent of shares outstanding, increase from 1.25 percent at the beginning of this month. Greenlight Capital was up 7 percent in last year.

Morton Holdings also increased the position, the net short is now 2.49 percent of Elekta AB (STO:EKTA-B). Magnetar Financial cut its position in BillerudKorsnas AB (STO:BILL) to half, from 0.89 percent to 0.46 percent. In other disclosures, BlackRock k Institutional Trust Company is shorting 0.58 percent of Swedish Match AB (STO:SWMA), 0.91 percent of Meda AB (STO:MEDA-A) and 0.71 percent of Getinge AB (STO:GETI-B). Sierra Global Management has a 0.71 percent position in Eniro AB (STO:ENRO).

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