Did Atalan Capital’s Bets on Equity Commonwealth (EQC), Ball Corporation (BLL) & Two Other Companies Pay Off?

In Infoblox Inc (NYSE:BLOX), Atalan had boosted its stake by 40% in the second quarter, but trimmed it by 13% in the following three months amid a 40.6% growth registered by the stock. The fund ended last quarter with a $21.18 million stake containing 803,095 shares. During the second quarter, the number of funds from our database long Infoblox inched down by one to 26. More specifically, Jonathan Auerbach’s Hound Partners had the biggest position in Infoblox Inc (NYSE:BLOX), worth close to $78.5 million at the end of June. Sitting at the No. 2 spot was Starboard Value LP, managed by Jeffrey Smith, which held a $72.2 million position. Remaining professional money managers that were bullish included Ryan Frick and Oliver Evans’s Dorsal Capital Management, Eric Bannasch’s Cadian Capital and Paul Marshall and Ian Wace’s Marshall Wace LLP.

Atalan Capital inched down its stake in FleetCor Technologies, Inc. (NYSE:FLT) by 2% to 102,000 shares worth $17.72 million during the third quarter, as the stock surged by 21.4% in the same period. A total of 52 investors followed by our team were bullish on this stock heading into the third quarter, a change of 8% from the end of March. Lone Pine Capital, managed by Stephen Mandel, held the most valuable position in FleetCor Technologies, Inc. (NYSE:FLT), which was valued at $823.1 million at the end of June. On Lone Pine Capital’s heels was Tiger Global Management LLC, managed by Chase Coleman, which reported a $466.6 million stake. Some other hedge funds and institutional investors with similar optimism included of Daniel S. Och’s OZ Management, John Griffin’s Blue Ridge Capital and Eric W. Mandelblatt’s Soroban Capital Partners.

Disclosure: none