How This Fund’s Bets on Allergan, Inc. (AGN), Charter Communications, Inc. (CHTR) & Two Other Stocks Pay Off?

In TransDigm Group Incorporated (NYSE:TDG), Oskie Capital Management cut its stake by 28% to 28,186 shares valued at $8.15 million during the third quarter. In the same period, the stock advanced by 9.6%. At the end of June, 42 funds followed by our team were bullish on TransDigm, down by three funds over the quarter. More specifically, Lone Pine Capital had the number one position in TransDigm Group Incorporated (NYSE:TDG), which was worth close to $627.7 million at the end of June. Coming in second was Stockbridge Partners, led by Sharlyn C. Heslam, holding a $401.7 million position. Some other hedge funds and institutional investors that were bullish encompassed Robert Joseph Caruso’s Select Equity Group, Dan Loeb’s Third Point and John Griffin’s Blue Ridge Capital.

Oskie Capital Management unloaded 35% of its position in KAR Auction Services Inc (NYSE:KAR) during the third quarter, ending the period with 151,204 shares valued at $6.53 million. Meanwhile, the stock inched up by 4.1% between July and September. Heading into the third quarter, 36 funds tracked by us held shares of KAR Auction Services, while the largest shareholder was D. E. Shaw & Co., which held a $173.5 million position at the end of June. Trailing D E Shaw was OZ Management, which amassed a stake valued at $142.4 millions. Point72 Asset Management, Eminence Capital, and Cardinal Capital also held valuable positions in the company.

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