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Overview: Davidson Kempner Capital Management’s 3Q14 positions

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Dec. 10 2014, Published 4:16 p.m. ET

Davidson Kempner Capital Management’s 3Q14 positions

Davidson Kempner Capital Management LLC is a hedge fund manager. It’s led by president Thomas Kempner, Jr., who joined the firm in 1984. The company manages ~$22 billion in assets. In this series, we’ll discuss some of the top positions the company traded during 3Q14.

The company’s reportable third-quarter portfolio totaled $2.1 billion, slightly down from $2.55 billion in 2Q14. Be sure to review the company’s 2Q14 portfolio.

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Davidson Kempner Capital added new positions in Shire Plc (SHPG), Alibaba Group Holding (BABA), and CBS Corporation (CBS). It exited positions in The Walgreen Company (WAG), Yum! Brands, Inc. (YUM), and Starbucks Corporation (SBUX). The fund added to its positions in Signet Jewelers Limited (SIG) and Allegion Plc (ALLE). It lowered its stakes in Lamar Advertising Company (LAMR) and Tiffany & Co. (TIF). The top ten holdings in 3Q14 are listed in the chart below.

We’ll discuss Davidson Kempner’s new position in Shire Plc (SHPG) in the next part of this series.

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