Jeffrey Gates Boosts His Stake in International Game Technology (IGT)

According to a filing with the SEC Gates Capital Management, led by Jeffrey Gates, has boosted its stake in International Game Technology (NYSE:IGT) to 12.51 million shares from 8.7 million shares held at the end of September 2013. The stake currently amasses around 5% of the company’s stock.

International Game Technology (NYSE: IGT)

International Game Technology (NYSE:IGT) is a global gaming company that designs, develops, manufactures and markets electronic gaming equipment and systems products.

Of the hedge funds we track Jeffrey Gates is the largest shareholder of International Game. John W. Rogers’ Ariel Investments also has $146.49 million invested in the company, holding 7.74 million shares. Value investor Tom Gayner, billionaires Mario Gabelli, Noam Gottesman, and David Harding had also smaller bets placed on the company.

Last month, Eric Berg, chief operating officer at International Game Technology (NYSE:IGT) has sold 6,086 shares of the company and now holds 11,438 shares.

Jeffrey Gates is an event-driven investor who seeks to identify “dislocation events” at public companies. Earlier Gates’ fund had upped its stake in Richardson Electronics, Ltd. (NASDAQ:RELL) to 2.7 million shares from 2.6 million held earlier. Last month, Jeffrey Gates boosted its position in Darling International Inc. (NYSE:DAR) to 6.0 million shares from some 4.9 million held as at the end of September. The fund has also been bullish on Headwaters Inc (NYSE:HW), where the fund has doubled its stake to 7.37 million shares from 3.67 million owned earlier.

A couple of months back the fund also edged up its position in Nortek Inc (NASDAQ:NTK) by buying 344,696 shares and now holds 2.9 million shares, it represents the largest position in the Jeffrey Gates’ equity portfolio. Followed by DaVita HealthCare Partners Inc (NYSE:DVA), wherein the fund has invested 6.75% of its equity portfolio.

Disclosure: none

Recommended Reading:

Facebook Inc (FB) Jumps, These Hedge Funds Made A Bundle

Hedge Fund Highlights: Steven Cohen, Bruce Richards & Clint Carlson

Hedge Fund News: Bill Ackman, Marc Faber & Nouriel Roubini

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 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

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!