Billionaire Larry Robbins Added These Stocks to Glenview’s Portfolio in Q2

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In E I Du Pont De Nemours And Co (NYSE:DD) initiated a stake containing 1.82 million shares worth $118.06 million at the end of the quarter. Overall, 36 of the funds in our database amassed $3.52 billion worth of Du Pont shares at the end of June, compared to 32 funds holding $3.23 billion worth of shares a quarter earlier. Du Pont’s merger with Dow Chemical Co (NYSE:DOW) is currently facing scrutiny from regulators in Europe. The merger was announced earlier this year and has been approved by shareholders of both companies. However, antitrust regulators in Europe have opened an investigation into the proposed merger as they believe the transaction could reduce competition in crop protection, seeds and some petrochemicals.

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First Data Corp (NYSE:FDC) was one of Glenview’s new holdings in the tech space as the fund held 7.25 million shares worth $80.27 million at the end of the quarter. At the end of June, 35 funds we track were long First Data, significantly higher than 17 funds at the end of the first quarter. First Data is scheduled to release its third-quarter results on October 24 and the consensus estimates include EPS of $0.35 on revenue of $1.83 billion.

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Glenview bought 469,781 shares of SBA Communications Corporation (NASDAQ:SBAC) during the second quarter, the market value of which stood at $50.70 million at the end of June. The number of investors we track long SBA Communications amounted to 40 at the end of June and the total value of their holdings stood at $2.34 billion, compared to 42 funds holding $2.04 billion worth of shares at the end of the March quarter.  Last week, SunTrust Robinson Humphrey said that SBA Communications could be one of the companies that could benefit from increasing cellphone tower capital expenditure. SunTrust also noted there are a number of growth drivers coming over the next year for SBA Communications. The brokerage initiated coverage on the stock with a ‘Buy’ rating and $129 price target.

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Disclosure: none

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