Cryder Capital’s Top Picks Reveal the Fund’s Rather Cautious Strategy

BlackRock, Inc. (NYSE:BLK)‘s stake in Cryder’s portfolio was trimmed to 40,704 shares valued at $14.89 million, representing 10.49% of the portfolio value. Among the funds that we track, 35 hedge funds had an aggregate investment of $510.4 million in the investment management firm as compared to 29 funds with $285.22 million a quarter earlier. Christopher C. Grisanti’s Grisanti Brown & Partners held some 24,470 shares of BlackRock, Inc. (NYSE:BLK) valued at $87.50 million at the end of 2014. Germany’s counterpart of SEC, BaFin recently imposed a paltry fine of €3.25 million ($3.50 million) on BlackRock, Inc. (NYSE:BLK) as the company had misrepresented its stakes in around 50 of Germany’s largest companies. Despite its relatively small size, the fine was the largest BaFin has ever given.

The industrial machinery & equipment industry is down by about 1.73% year to date, but Roper Industries, Inc. (NYSE:ROP)‘s stock has risen by 8.05% during the same period. The fund holds about 81,400 shares of the company valued at $14.0 million. Dan Loeb‘s Third Point held about 1.3 million shares of Roper Industries, Inc. (NYSE:ROP) at the end of last year, alongside 29 other investors from our database. In March, Barclays reiterated its ‘Overweight’ rating on the company’s stock and lowered the price target to $185 from $187.

Monsanto Company (NYSE:MON)‘s stake in Cryder’s portfolio amounted to some 121,300 shares valued at $13.65 million. The $55.64 billion provider of agricultural products for farmers is the only loser in this list based on the year-to-date performance of its stock, which edged down by 2.18%. By the end of 2014, Larry Robbins’ Glenview Capital held the largest stake in Monsanto Company (NYSE:MON) among the funds that we track.

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