Actavis plc (ACT), Tableau Software Inc. (DATA), Forest Laboratories Inc. (FRX): GLG Partners Loves These Stocks

In its latest 13F filing, GLG Partners, managed by Noam Gottesman, disclosed equity position as held at the end of June, 2014. The fund reported holding 368 positions, with a total market value of about $4.2 billion. The filing revealed that GLG Partners started more than 120 new positions and reduced holdings in more than 80 stocks over the quarter. In this article, we will talk about three top long equity positions from the fund’s equity portfolio for the second quarter.

actavis-logo

Actavis plc (NYSE:ACT) is represented as the largest holding, in which GLG Partners revealed a $104.81 million stake, containing 469,888 shares of the company. Previously, the fund held 537,833 shares of Actavis plc (NYSE:ACT), a pharmaceutical company based in Dublin, Ireland. The second quarter of 2014 was quite good for the company, which reported a 34% increase in net revenue to $2.67 billion, compared to $1.99 billion in the same quarter 2013. Its diluted earnings per share, on a non-GAAP basis, rose to $3.42, compared to $2.01 per diluted share in the same period of last year, according to a press release.

Next on the list is Tableau Software Inc. (NYSE:DATA), in which the fund disclosed owning 1.08 million shares, with a reported value of $77.30 million. At the end of the first quarter, the fund reported ownership of 1.23 million shares of the company. For the second quarter of 2014, the company posted total revenues of $90.7 million, representing an increase of 82% from the same quarter of 2013.

Tableau Software Inc. (NYSE:DATA), which is a software company, has a market cap of $4.1 billion. Shares of the company traded down by 2.86% to $58.51 on Friday. Analysts have set the consensus average target price of $87.50 for the stock. The consensus average recommendation is ‘Overweight’. Other largest shareholders of the company include Empire Capital Management, led by Scott Fine and Peter Richards, which reported ownership of 810,000 shares, and Donald Chiboucis’ Columbus Circle Investors, which revealed holding 1.31 million shares in its recent 13F.

Third place is occupied by Forest Laboratories Inc. (NYSE:FRX), in which GLG Partners boosted its stake to 752,753 shares, worth $74.52 million, from 117,711 shares held previously. Actavis plc (NYSE: ACT) last month announced that it acquired Forest Laboratories Inc. (NYSE: FRX) in a cash and equity transaction valued at about $28 billion. Brent Saunders, formerly the CEO and president of Forest Laboratories Inc. (NYSE: FRX), was named the CEO and president of Actavis plc (NYSE: ACT).

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Biggest Airports in the World

The 5 Most Gang Infested Cities In America

The 34 Smartest Countries in the World

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!