Cognizant Technology Solutions Corp (CTSH), Titan International Inc. (TWI), Salix Pharmaceuticals Ltd. (SLXP) Among Stocks Hedge Funds Are Bullish On

Amidst the 13F filing season, several hedge funds have also been filing Schedule 13G forms, disclosing changes that took place after June 30, 2014, in their equity positions. In this article, we will take a look at some of the most interesting transactions over the past few days.

On August 19, Peter Kolchinsky’s Ra Capital Management acknowledged having started a position in Vical Incorporated (NASDAQ:VICL), a $112.5 million market cap biotech company. The fund acquired 5.47 million shares of Vical Incorporated (NASDAQ:VICL), which account for 6.2% of the company’s common stock. John W. Rogers’ Ariel Investments is also betting on Vical Incorporated (NASDAQ:VICL), and last disclosed ownership of 5.79 million shares, worth more than $7 million.

Also on that date, Jeffrey Bronchick’s Cove Street Capital chipped into Carrol’s Restaurant Group, Inc. (NASDAQ:TAST), acquiring 1.9 million shares of common stock, which represent 5.4% of the company’s outstanding stock. This stake makes Cove Street the largest hedge fund shareholder of record –amongst those we track- at Carrol’s Restaurant Group, Inc. (NASDAQ:TAST), trailed by Gregg J. Powers’ Private Capital Management and Chuck Royce’s Royce & Associates, which hold 1.36 million shares and 1.27 million shares, respectively.

Hedge Fund Managers

Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) has felt plenty of hedge fund ‘bullishness’ lately. Over the past week, two funds disclosed increases in their stakes in the company. Jacob Gottlieb’s Visium Asset Management boosted its exposure to Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP), from 1.81 million shares, to 3.09 million shares. A few days earlier, Andreas Halvorsen’s Viking Global had also added to its holdings at Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP). After a 10.5% increase in its position, the fund owns 3.19 million shares of the $10.3 billion market cap specialty pharmaceutical company.

Fourth in this list is Cognizant Technology Solutions Corp (NASDAQ:CTSH), a $28 billion market cap information technology (IT), consulting and business process services provider. Stephen Mandel’s Lone Pine Capital, which already was the largest hedge fund shareholder of record (by a wide margin), added approximately 2.62 million shares to its holdings at Cognizant Technology Solutions Corp (NASDAQ:CTSH), and now owns more than 31.13 million shares of common stock, which account for 5.3% of the company’s shares outstanding.

Roberto Mignone’s Bridger Management also filed a Schedule 13G this week. The fund disclosed a 35.5% increase in its bet on Tornier NV (NASDAQ:TRNX), a $1.05 billion market cap medical device company of which Bridger now owns 2.69 million ordinary shares, which represent 5.5% of their class. Bridger is only outranked by one hedge fund, Samuel Isaly’s Orbimed Advisors last declared holding 4.07 million shares of Tornier NV (NASDAQ:TRNX), worth approximately $95 million.

Finally, there’s Titan International Inc. (NYSE:TWI), a $781 million market cap wheels and tires manufacturer. The company saw Terence Hogan’s Addison Clark Management acquire 399,023 shares, taking its holdings to 2.91 million shares. This stake accounts for 5.4% of Titan International Inc. (NYSE:TWI)’s common stock. Another major fund betting on Titan International Inc. (NYSE:TWI) is Mark Rachesky’s Mhr Fund Management, which last disclosed ownership of 7.51 million shares, after buying more than 500,000 shares in late-July.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned.

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

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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

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!