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Key overview of Marcato Capital’s 3Q14 position

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Aug. 18 2020, Updated 6:27 a.m. ET

Marcato Capital Management

Marcato Capital is a billion-dollar hedge fund based in San Francisco. Richard “Mick” McGuire is the founder and managing member of Marcato Capital Management. Marcato manages a select number of passive and activist investments across all industries with a primary focus on opportunities in middle-market public equities. At the end of 3Q14, the fund’s U.S. long portfolio was worth $2.81 billion, slightly up from $1.89 billion in 2Q14.

In this series, we’ll go through some of the top positions traded during 3Q14 as well as the fund’s 13D filings since July.

Marcato Capital has taken an activist position in NCR Corporation, according to the fund’s 13D filing in October. Also, it has increased its stakes in Sotheby’s according to the amendments in the 13D filing on August 20, 2014.

Marcato Capital’s third-quarter 13F filing revealed a new position in Bank of New York Mellon Corp (BK). It raised its stakes in Avis Budget Group (CAR), Lear Corporation (LEA), and Sotheby’s (BID). The only position sold during 3Q14 was a small stake in Brookfield Residential (BRP).

The fund’s top ten holdings in 3Q14 are outlined below.

The next part of the series will highlight Marcato’s new position in Bank of New York Mellon Corp.

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