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.
New Acquisitions
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.
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.
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.
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).
