Apple Inc. (AAPL), Alphabet Inc (GOOGL), More: See What This $36 Billion Hedge Fund Was Buying in Q3

Merck & Co., Inc. (NYSE:MRK)

– Shares Owned by Adage Capital Management (as of September 30): 5.15 million

– Value of Adage Capital Management’s Holding (as of September 30): $321.28 million

Adage Capital more than doubled its stake in New Jersey-based medical company Merck & Co., Inc. (NYSE:MRK) in the third quarter, ending the period with a total of 5.15 million shares of the company. The aggregate value of the position stood at over $321.28 million on September 30. Merck (NYSE:MRK) recently posted third quarter earnings, according to which the company earned $1.07 a share on $10.5 billion in revenue, above the forecasts of $0.99 in EPS and $10.18 billion in revenue. Ken Fisher’s Fisher Asset Management owns over 6.82 million shares of Merck as of the end of the third quarter.

PNC Financial Services Group Inc(NYSE:PNC)

– Shares Owned by Adage Capital Management (as of September 30): 2.05 million

– Value of Adage Capital Management’s Holding (as of September 30): $185.13 million

At the end of September, Adage Capital reported ownership of over 2.05 million PNC Financial Services Group Inc (NYSE:PNC) shares, which shows a 161% increase in the fund’s stake in the Pennsylvania-based financial services company. The net worth of this stake was $185.13 million at the end of September. Last week, RBC Capital Markets reiterated a ‘Buy’ rating for PNC Financial Services Group Inc. (NYSE:PNC) with a price target of $95. The stock is up by over 11% so far this year. Ric Dillon’s Diamond Hill Capital owns about 1.29 million shares of PNC at the end of the third quarter.

CF Industries Holdings, Inc. (NYSE:CF)

– Shares Owned by Adage Capital Management (as of September 30): 6.57 million

– Value of Adage Capital Management’s Holding (as of September 30): $160.09 million

Adage Capital loaded up on CF Industries Holdings, Inc. (NYSE:CF) in the third quarter, increasing its position in the company by 341%, concluding the quarter with $160.09 million of the company’s shares. UBS recently upgraded CF Industries Holdings to ‘Buy’ from ‘Neutral’, and has a price target of $28 on it. In the third quarter, the Illinois-based fertilizer producer reported a net loss of $30 million, mainly due to the ongoing slump in the agricultural sector amid declining commodity prices. The stock has lost over 31% year-to-date. David Cohen and Harold Levy’s Iridian Asset Management has over 4.53 million shares of CF Industries Holdings, Inc. (NYSE:CF) as of the end of the third quarter.

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