Kenneth Squire’s 13D Management Is Betting on These Stocks

13D Management is a New-York firm that was founded by Kenneth Squire in 2011. The fund, an event driven asset manager, focused on imitating activist investors. Kenneth is a mutual fund manager who imitates activist hedge funds. He also leads 13D Monitor, a research service for major investment banks, top law firms, hedge funds and institutional investors. Previously, Kenneth was an associate in the corporate and securities department at Weil, Gotshal & Manges LLP.

Valeant Pharmaceuticals Intl Inc (NYSE:VRX)

13D Management, in its first 13F filing, revealed a total of 38 positions, worth in aggregate around $134.8 million. In this article, we will look at some of the largest positions from the 13F filing, as well as activist hedge funds that 13D Management is imitating.

According to the filing, 13D Management is bullish on Valeant Pharmaceuticals Intl Inc (NYSE:VRX), owning 68,273 shares, worth just over $8 million.The most recent 13F filings show that Valeant was the top holding of Jonathan Auerbach’s Hound Partners and second largest of Mal Serure’s Arrow Capital Managemen. Hound maintained its position in the multinational specialty pharmaceutical company during the fourth quarter, while Arrow increased it by 5%.

13D Management reported owning 54,072 shares of Howard Hughes Corp (NYSE:HHC), which develops and operates master planned communities and mixed use properties. Recently, William Ackman‘s Pershing Square boosted its stake in HHC to 5.48 million shares from 3.57 million held at the end of September 2013.

In Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL), 13D Management owns 53,732 shares, worth close to $6 million. In December 2013, Biglari Capital Corp., a subsidiary of Biglari Holdings Inc (NYSE:BH), disclosed holding over 4.7 million shares of CBRL, with the stake amassing 19.9% of the stock. The company, which offers a friendly home-away-from-home in its old country stores and restaurants, has a market cap of $2.37 billion.

The fund also holds 59,400 shares of Lear Corporation (NYSE:LEA), which supplies automotive seating and electrical distribution systems. The most recent 13F filing of Richard Mcguire’s Marcato Capital Management shows that the fund holds 5.65 million shares of the company, which is a tier I supplier of automotive seating systems and related components to automotive manufacturers.

The fund disclosed ownership of 79,550 shares of Forest Laboratories Inc. (NYSE:FRX). In its latest 13F, Nehal Chopra’s Ratan Capital disclosed holding 639,091 shares of Forest Laboratories, a significant increase from 471,400 shares held in the third quarter of 2013. FRX is a fully integrated, specialty pharmaceutical company largely focused on the United States market. The market cap of FRX is $26.22 billion.

Disclosure: none.

Recommended reading:

Park West Asset Management Reveals New Position in World Wrestling Entertainment, Inc. (WWE)

Two Small-Cap U.S. Regional Bank Stocks That Insiders Love

Ted Kang’s Kylin Management Adds to its E-House (China) Holdings Limited (ADR) (EJ) Stake

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

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!