Four New Positions in Ken Squire’s 13D Management’s Equity Portfolio

Ken Squire‘s 13D Management is probably one of the most interesting funds to follow. The key point of its strategy involves tracking 13D filings of other investors. As 13D states on its website, they invest primarily in companies that are revealed in 13D filings of activist investors, focusing on companies with over $1 billion in market cap. In the latest round of 13F filings, 13D management revealed an equity portfolio worth $217.96 million, boosting it from $134.77 million reported in the previous quarter. The fund has solidified its exposure to most of its holdings, including the largest positions, which are represented by Howard Hughes Corp (NYSE:HHC), Valeant Pharmaceuticals International Inc (NYSE:VRX) and Unit Corporation (NYSE:UNT).

In Howard Hughes, 13D revealed a $12.92 million stake, which contains 90,600 shares, up by almost 70% on the quarter. In Valeant Pharmaceuticals International Inc (NYSE:VRX) and Unit Corporation (NYSE:UNT), the fund currently owns 96,200 and 137,300 shares respectively.

However, in this piece we will discuss the new positions initiated during the first quarter and reported in 13D Management’s latest 13F. The first one is represented by Adobe Systems Incorporated (NASDAQ:ADBE), of which Ken Squire’s fund revealed ownership of 91,600 shares, valued at $6.02 million. Jeff Ubben‘s ValueAct Capital is one of the largest shareholders of Adobe Systems Incorporated (NASDAQ:ADBE), and is also an activist investor, which owns 25.31 million shares as of the end of the first quarter. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has gained around 9% year-to-date.

Adobe Systems Incorporated (NASDAQ:ADBE)

Next on the list comes URS Corp (NYSE:URS), in which 13D Management revealed a $4.95 million stake, which amasses 105,100 shares. An important activist investor of this $3.1 billion engineering and construction company is Barry Rosenstein‘s Jana Partners. Jana reported a $317.45 million position in URS Corp (NYSE:URS), which contains 6.75 million shares, which however is down by 437,700 shares over the quarter. Jana Partner’s stake amasses over 9% of the company’s stock, and it has appointed several directors to URS Corp (NYSE:URS)’s board earlier this year.

In Juniper Networks, Inc. (NYSE:JNPR), 13D Management revealed holding 151,600 shares, valued at $3.90 million. One of the hedge funds that went activist on Juniper Networks, Inc. (NYSE:JNPR) during the first quarter is Elliott Management, led by Paul Singer, which boosted its stake to 37.2 million shares, from around 2.6 million held earlier. Elliott’s stake has a value of $957.34 million, according to its latest 13F. The stock of Juniper Networks, Inc. (NYSE:JNPR) has raised by over 10% since the beginning of the year.

Mr. Squire’s fund also added Dresser-Rand Group Inc. (NYSE:DRC) to its equity portfolio during the first three months of the year, revealing a $3.61 million stake, which contains 61,800 shares. ValueAct also boosted its activist stake in Dresser-Rand Group Inc. (NYSE:DRC) during the first quarter, currently holding around 5.00 million shares, worth $292.54 million. Iridian Asset Management, led by David Cohen and Harold Levy, is also bullish on Dresser-Rand Group Inc. (NYSE:DRC), reporting ownership of 4.88 million shares, worth $285.31 million.

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 Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

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

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!