Greywolf Capital Management Trims Exposure to Rubicon Minerals Corp. (USA) (RBY)

Greywolf Capital Management, led by Jonathan Savitz has disclosed, in an amended filing with the SEC, halving its position in Rubicon Minerals Corp. (USA) (NYSEMKT:RBY). The fund currently holds around 7.9 million shares of the company, versus 14.4 million held at the end of September as reported in the latest 13F filing. The stake is passive by nature and amasses 2.7% of the company’s common stock.

Rubicon Minerals Corp

Rubicon Minerals Corp. (USA) (NYSEMKT:RBY), the basic materials exploration company, which operates in the U.S and Canada. One of its largest explorative grounds is the 65,000 acreage Red Lake gold camp in Ontario. However, its main site is Phoenix Gold Property, a mine which Rubicon Minerals Corp. (USA) (NYSEMKT:RBY) fully owns and manages.

Hedge Funds which hold top three positions in Rubicon Minerals Corp. (USA) (NYSEMKT:RBY) include Sun Valley Gold, managed by Peter Franklin Palmedo holding 7.26 million shares valued at $9.23 million. D. E. Shaw’s D E Shaw owns 1.13 million shares, worth $1.45 million. Next largest holder is Jim SimonsRenaissance Technologies holding 340,600 shares valued at $0.43 million.

Greywolf Capital Management’s portfolio of investments includes Industrial Goods, Financials and Healthcare, besides minor holding in Basic Materials, Services and Others. The fund uses “opportunistic credit-based and fundamental analysis-driven investment strategies”and employs a value investing philosophy.

Greywolf Capital Management announced recently that it increased its exposure in Enpro Industries, Inc. (NYSE:NPO) from around 850,000 shares to 1.3 million shares. During the third quarter, the fund has also added American International Group Inc (NYSE:AIG) to its equity portfolio and currently holds 859,100 shares valued at $41.7 million.

Disclosure: none

Recommended Reading:

Clinton Group Sells Some More ValueVision Media Inc (VVTV) Shares

Abrams Capital Management Trims the Stake in Engility Holdings Inc (EGL)

Glenview Capital Further Increases Position in Tenet Healthcare Corp (THC)

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

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

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

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!