Bob Evans Farms Inc (BOBE), Compuware Corporation (CPWR) And Meritor Inc (MTOR) Billionaire Tom Sandell’s Top Stock Picks

Founded in 1998, Sandell Asset Management is an event-driven hedge fund that invests mainly in public equity and fixed income across the globe. The fund’s manager, Tom Sandell, has a good eye for opportunities generated by special corporate events: spin-offs, recapitalization or corporate activism. He is also paying close attention to possible mergers, eyeing a wide variety of transactions, including hostile takeovers. According to the fund’s latest 13F filing, its equity portfolio has an estimated market value of $542 million, down from the $615 million worth of stocks reported at the end of March 2014. Roughly 45% of the portfolio are represented by consumer discretionary stocks, while technology stocks come in second with 21%. Sandell also has a taste for finance companies, which account for 14% of the fund’s equity portfolio. According to Forbes, Sandell’s net worth is roughly $1.3 billion.

Thomas Sandell

Tom Sandell has a new favorite stock - Bob Evans Farms Inc (NASDAQ:BOBE), a company that was Sandell Asset Management’s second biggest investment at the end of the first quarter. During Q2, Sandell has made no changes to the position, so the fund continues to hold 1.42 million shares of Bob Evans Farms Inc (NASDAQ:BOBE), which carry a value of $71.3 million. Chuck Royce is also a fan of this company and has slightly boosted his fund’s stake during the same period of time. His fund, Royce & Associates, reportedly holds 432,700 shares of Bob Evans Farms Inc (NASDAQ:BOBE), valued at approximately $21.6 million.

During the second quarter, Sandell has slightly reduced his fund’s stake in Compuware Corporation (NASDAQ:CPWR), the company that was his biggest bet at the end of March. In its latest 13F filing, Sandell Asset Management has disclosed the ownership of 7.04 million shares valued at $70.3 million. Paul Singer is another hedge fund guru who is betting big on Compuware Corporation (NASDAQ:CPWR). During the second quarter, Singer has increased his fund’s stake by 1% taking it to 21 million shares of Compuware Corporation (NASDAQ:CPWR), an investment worth more than $210 million.

Meritor Inc (NYSE:MTOR) is a stock Sandell is bullish on, having increased his fund’s holding by 55% during the quarter. As a result, Sandell Asset Management now has control over 4.01 million shares of Meritor Inc (NYSE:MTOR), a position worth in excess of $52.2 million. Marc Lasry is also keeping an eye with his fund holding approximately 7.34 million shares worth $957 million. Lasry’s Avenue Capital has not reported any changes in its stake in Meritor Inc (NYSE:MTOR) during the quarter.

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

6 Movies That You Should Watch to Better Understand The Cold War

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

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!