Lonestar Capital Had Impressive Q3 Gains as Its Bets on Berry Plastics Group Inc (BERY) and Other Stocks Paid Off

LendingClub Corp (NYSE:LC) was a new addition to Lonestar’s portfolio as of the second quarter, as the fund bought 1.7 million new shares of the company, which had a total value of $7.31 million. The stock surged by 43.7% during the third quarter. At the end of the second quarter, a total of 24 of the hedge funds followed by our team were long this stock, a change of 4% from the end of March. Among these funds, Park West Asset Management held the most valuable stake in LendingClub Corp (NYSE:LC), which was worth $25.4 million at the end of the second quarter. On the second spot was VY Capital which amassed $19.4 million worth of stock. Moreover, Light Street Capital, EastBay Asset Management and Passport Capital were also bullish on LendingClub Corp (NYSE:LC).

Lonestar increased its exposure to SUPERVALU INC. (NYSE:SVU) by 11% to 1.0 million shares of the company valued at $4.72 million during the second quarter. In the following three months, the stock gained 5.7%. At the end of June, 28 funds from our database were bullish on this stock, unchanged over the quarter. Among these funds, North Tide Capital held the most valuable stake in SUPERVALU INC. (NYSE:SVU), which was worth $115.6 million at the end of the second quarter. On the second spot was Glenhill Advisors which amassed $78.7 millions worth of shares. Moreover, AQR Capital Management, Two Sigma Advisors, and Millennium Management were also bullish on SUPERVALU INC. (NYSE:SVU).

Disclosure: none