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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!