John Murphy’s Alydar Capital Doubles its Primo Water $PRMW Stake

John Murphy’s Alydar Capital disclosed a 6.88% stake in Primo Water Corp (PRMW) yesterday. Alydar Capital had 781K shares of PRMW in its portfolio at the end of March. This means they doubled their stake to 1.6 Million shares at prices around $13 per share on June 17th. Today PRMW closed at $12.76, so investors can imitate Alydar’s trade at a 2% discount. The stock lost 15% since the end of April and this might have triggered Alydar Capital‘s decision to double its bet.


Ken Griffin is the only other hedge fund manager with a PRMW position. Reid Walker’s WS Capital, Chuck Akre, and Philip Hempleman’s Ardsley Partners sold their stakes in this stock at the end of March.

Boston-based Alydar Capital is a long-short hedge fund managing more than $2 Billion. The fund was founded by John A. Murphy in 2003. Previously John Murphy worked under Lawrence Greenberg at Mt. Everest Fund, which was liquidated in 2002. Greenberg was formerly a fund manager at Fidelity.

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!