A Closer Look at Stockbridge Partners Top Bets: TransDigm Group Incorporated (TDG), SBA Communications Corporation (SBAC) & More

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After having increased its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 27% in the second quarter, Stockbridge further raised it by 8% in the following three months as the stock gained 5.5%. In this way, Stockbridge held 4.04 million shares worth $167.06 million at the end of September. A total of 29 funds tracked by Insider Monkey held long positions in Armstrong World Industries at the end of June, down by 19% over the quarter. ValueAct Capital was the largest shareholder of Armstrong World Industries, Inc. (NYSE:AWI), with a stake worth $360.2 million reported as of the end of June. Trailing ValueAct Capital was Iridian Asset Management, which amassed a stake valued at $152.5 million. Eton Park Capital and Marble Arch Investments also held valuable positions in the company.

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Amid a 3.9% gain registered by the stock, Stockbridge Partners unloaded 177,906 shares of Kansas City Southern (NYSE:KSU) during the third quarter and held 1.14 million shares worth $106.08 million at the end of September. The number of funds tracked by us long Kansas City Southern inched up by 3% to 35 during the second quarter. Among these funds, Stockbridge was the largest shareholder of the company at the end of June, trailed by Highfields Capital Management, which amassed a stake valued at $100.9 million. Millennium Management, Citadel Investment Group, and Fisher Asset Management also held valuable positions in Kansas City Southern (NYSE:KSU).

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Disclosure: none

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