Argentiere Capital Top Picks: Time Warner Cable Inc. (TWC), Allergan Inc. (AGN) & Other

Zug, Switzerland-based Argentiere Capital is an alternative investment management firm, which was founded by Deepak Gulati. Mr. Gulati is a former head of global equity proprietary trading at JPMorgan Chase & Co. In its latest 13F filing, Argentiere Capital revealed holding a total of 47 positions as of the end of second quarter of 2014. The value of the fund’s equity portfolio totaled $219.8 million, up from $109.2 million in the previous quarter. The fund focuses on investing healthcare and services stocks.

Time Warner Cable Inc (NYSE:TWC)

From Argentiere Capital’s portfolio, we have picked top five holdings, in term of value. The first on the list is Time Warner Cable Inc. (NYSE:TWC), in which the fund boosted its stake to 325,000 shares, worth $47.9 million, from 300,000 shares held earlier. Time Warner Cable Inc. (NYSE:TWC) is a providers of video, high-speed data and voice services in the United States. Time Warner Cable Inc. (NYSE:TWC)’s largest shareholders include Canyon Capital Advisors, managed by Joshua Friedman and Mitchell Julis, and William Duhamel’s Route One Investment Company, holding around 2.0 million shares and 736,500 shares, respectively.

The fund revealed ownership of a new stake of $42.2 million in Allergan Inc. (NYSE:AGN), the position containing 249,200 shares of the company. Allergan Inc. (NYSE:AGN) is a multi-specialty health care company having a market cap of $48.7 billion. Last month, the company announced that its board of directors rejected Valeant Pharmaceuticals Intl Inc.’s (NYSE:VRX) unsolicited exchange offer to acquire all outstanding common shares of Allergan. Aside from Argentiere Capital, Samuel Isaly’s Orbimed Advisors holds 2.27 million shares, and Jonathon Jacobson’s Highfields Capital Management owns 1.52 million shares of Allergan Inc. (NYSE:AGN).

In Covidien plc (NYSE:COV), Argentiere Capital revealed a new position, owning 438,000 shares, with a reported value of $39.5 million. With a market cap of $39.8 billion, Covidien plc (NYSE:COV) is a global health care products company. Other largest shareholders of the company include First Pacific Advisors LLC, managed by Robert Rodriguez and Steven Romick, which holds 5.18 million shares, and Harris Associates, which disclosed ownership of 3.69 million shares of Covidien plc (NYSE:COV) as of the end of first quarter of 2014.

Argentiere Capital started a new position in Questcor Pharmaceuticals Inc. (NASDAQ:QCOR), in which it disclosed holding 315,468 shares, with a reported value of $29.2 million. Questcor Pharmaceuticals is a biopharmaceutical company focused on the treatment of patients with serious, difficult-to-treat autoimmune and inflammatory disorders. For the first quarter of 2014, the company posted a 68% increase in net sales to $227.1 million, compared to $135.1 million in the same of 2013. In addition to Argentiere Capital, other largest shareholder of the company include Neal C. Bradsher’s Broadwood Capital, which holds 2.25 million shares, and James E. Flynn’s Deerfield Management, which owns 1.04 million shares.

On the fifth spot is Sothebys (NYSE:BID), a new position in which the fund disclosed owning 35,400 shares, worth around $1.5 million. Sothebys is engaged in a global auction of authenticated fine art, decorative art, and jewelry, operating in auction, finance, and dealer segments.Sothebys (NYSE:BID) has a market cap of $2.69 billion. Other significant shareholders of Sothebys (NYSE:BID) include Dan Loeb’s Third Point and Richard Mcguire’s Marcato Capital Management, owning 6.65 million shares and 4.56 million shares, respectively.

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 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

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!