Iridian eliminated a 1.25% position in Baxter International, Inc, (BAX) last quarter.
As of September 30, 2013, Iridian’s assets under management totaled $10.1 billion in U.S. mid-cap and small-cap equity strategies.
Banco Bradesco (BBD) was a 1.81% position that Cantillon eliminated in 4Q 2013. Banco Bradesco is the second-largest private bank in Brazil after Itaú Unibanco (ITUB).
Cantillon’s 3.9% position in Ambev SA (ABEV) replaced the hedge fund’s 4.46% position in Companhia Bebidas (ABV) due to a stock swap merger deal in November.
MSC Industrial Direct (MSM) is a 1% position in Cantillon’s long portfolio. MSC Industrial Direct is a distributor of metalworking and maintenance as well as repair and operations (or MRO) supplies.
The New York–based Cantillon Capital Management is a hedge fund manager founded in 2003 by William von Mueffling.
George Soros’ Soros Fund Management disclosed a new position in Polycom Inc. (PLCM), according to a 13G filed with the SEC. Soros acquired 9,400,078 shares, or 6.96% of the company.
JANA Partners said in its year-end letter that despite record backlog and revenues, Cameron International Corp. (CAM) consistently missed earnings expectations last year.
JANA didn’t disclose the size of its investment in Airbus Group NV (EADSF), but the fund believes Airbus is the superior opportunity within aerospace.
JANA believes Juniper should trim around $300 million in costs a year and that the company’s priority should be a program to return capital and issue dividends.
An amended 13D filing earlier this month revealed that activist investor Bill Ackman’s hedge fund, Pershing Square Capital, increased its stake in Howard Hughes Corporation.
Equinix Inc. (EQIX) accounted for a 4.33% position, according to JANA’s 3Q 2013 portfolio. The investor letter stated the fund started building its position late in the second quarter.
Paulson & Co. enhanced its position in Time Warner Cable from 2.69% to 3.99% in the 4Q portfolio.
Paulson increased its position in Whiting Petroleum from 0.31% to 3.15% last quarter.
Paulson boosted the position in Vodafone to 6.82% last quarter from 4.53% in 3Q 2013.
American Airlines Group Inc. (AAL) is a new 1.06% position initiated by Paulson in 4Q 2013.
Paulson opened a new 2.58% position in Houghton Mifflin Harcourt Company, a global provider of education content and solutions.
Paulson took a massive new position in Extended Stay America Inc (STAY) last quarter.
In this series, we will discuss some of the main positions traded by Paulson during 4Q 2013.
In a 13G filed last week, Bill Ackman’s Pershing Square disclosed a position in Platform Specialty Products Corporation (PAH).