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

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

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!