Carlson Capital, L.P. Boosts Stake in Exterran Holdings, Inc. (EXH)

Carlson Capital, L.P, managed by Clint Carlson, has increased its stake in Exterran Holdings, Inc (NYSE:EXH). The latest filing with the SEC shows that the hedge fund has increased its holding to 4,082,319 shares of the common stock from the 2,950,000 shares as disclosed in the last 13F filing. The stake represents 6.2% of the stake of the company’s common stock and is valued at $140.15 million, at the current share price of Exterran. The holding is passive by nature.

Exterran Holdings, Inc (NYSE:EXH) provides natural gas compression services. The Company is a provider of operations, maintenance, service and equipment for oil and natural gas production, processing and transportation applications. The company has clients engaged in all aspects of the oil and natural gas industry. Apart from Carlson Capital, Steven Cohen’s Sac Capital Advisors had invested $32.92 million in 1.19 million shares of the company. Marshall Wace Llp, managed by Paul Marshall and Ian Wace also disclosed holding of approximately 579,000 shares worth $15.98 million in the company.

Carlson Capital has been using a multi-strategy approach to investing. The fund bases its investment decisions on three main pillars – philosophy, people and process. With over $7.42 billion in its equity portfolio, the fund invests in all sectors but Technology, Financial, Basic Materials and Healthcare are its favorite sectors. The hedge fund had invested 2.5% of its portfolio value in Bunge Ltd (NYSE:BG). It held 2.45 million shares worth $186.19 million as per the last 13F filing. This was followed by its investment of $139.60 million in 1.67 million shares of Wellpoint Inc (NYSE:WLP).

Disclosure: none

Recommended Reading:

DLS Capital Management Decreases Position in ChipMOS Technologies (Bermuda) Ltd (IMOS)

Hedge Fund News: Warren Buffett, Paul Singer & Carl Icahn

Saba Capital Significantly Boosts Its Stakes in Managed High Yield Plus Fund Inc. (HYF) and Two Other Funds