Activist Glenn Welling Boosts Stake In Boulder Brands Inc (BDBD)

The company has attracted the attention of a number of hedge fund gurus we follow, among them Mario Gabelli and Ken Griffin. Gabelli’s GAMCO Investors holds approximately 2.88 million shares, according to its latest 13F report, while Griffin’s Citadel Investment Group reportedly holds 121,218 shares, up by 40% during the first quarter of 2015.

Another stock that Welling is betting big on is Jamba, Inc. (NASDAQ:JMBA), Engaged Capital’s biggest equity position, and one in which Welling sits on the Board of Directors, to which he was appointed at the beginning of the year. The fund’s holding of this stock has grown by more than 60,000 shares since the figure reported in its latest 13F filing, now standing at 1.64 million shares. Engaged Capital recently reported a new addition to its portfolio – Magnachip Semiconductor Corp (NYSE:MX), a South Korea-based semiconductor manufacturer. According to a filing with the SEC, Welling has acquired approximately 2.51 million shares and is therefore in control of 7.3% of the company’s total number of shares outstanding. TriMas Corp (NASDAQ:TRS) is also a favorite of Welling’s, with Engaged Capital reporting ownership of 716,672 shares, up by 60% during the first quarter of 2015. Generally, Glenn Welling seems to prefer tech stocks, which account for roughly a quarter of his portfolio. He has also invested a significant amount of his capital into consumer discretionary and industrial stocks and has a well diversified portfolio, with an approximate market value of $134 million.

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