Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Luxor Capital Group Initiates 5.7% Stake in Northstar Realty Finance Corp. (NRF)

Christian Leone’s fund, Luxor Capital Group revealed, in a new filing with the SEC, adding Northstar Realty Finance Corp. (NYSE:NRF) to its equity portfolio. Luxor currently holds close to 16.40 million shares of the company, the stake being passive by nature. The position amasses 5.7% of the company’s common stock.

Christian Leone

Northstar Realty Finance Corp. (NYSE:NRF) last month conducted an underwritten public offering of 50 million shares of common stock at price of $11.65 per share on December 12, according to a statement.The gross proceeds will be used to fund a part of the purchase price for the acquisition of approximately $400 million portfolio of manufactured housing communities and for other general purposes.

NorthStar Realty Finance Corp. (NYSE:NRF) reported, on December 23, the closing of a $340 million strategic investment in RXR Realty.  The Investment offers NorthStar approximately 30% ownership interest in RXR.

Brookside Capital, managed by Bain Capital, owns the largest number of shares in NorthStar Realty Finance Corp. (NYSE:NRF); it holds 10.41 million shares for a total worth of $96.65 million. Robert Pohly’s Samlyn Capital holds 6.42 million shares worth $59.58 million 28% of which the fund has amassed in the third quarter of 2013. Alyeska Investment Group, managed by Anand Parekh, has a stake of 5.66 million shares, worth $52.53 million in the company representing 2.19% of its equity portfolio.

Christian Leone’s fund, Luxor Capital Group has a relatively balanced structure, and holds equity and fixed income investments across the world.

Earlier, Luxor Capital Group had increased its position in Altisource Asset Management Corp (NYSEMKT:AAMC) to 128,290 shares from 62,143 shares. Earlier in November the fund boosted its exposure to Hemisphere Media Group Inc (NASDAQ:HMTV). Luxor increased the amount of class A shares it holds to 1.47 million, and its stake in common stock shares to 4.55 million, from 2.34 million. The fund currently owns 37.7% of Hemisphere’s common stock.

The largest position in Luxor’s equity portfolio is represented by The Madison Square Garden Co. (NASDAQ:MSG), the fund added the position in the third quarter of 2013, and holds 5.75 million shares, worth $334.17 million.

Disclosure: none

Recommended Reading:

Hedge Fund News: John Paulson, Steven Cohen & David Tepper’s Big Year

Bandera Partners Picks Up Stake in Tandy Leather Factory, Inc. (TLF)

Baker Bros. Advisors Reduces Exposure to MEI Pharma Inc (MEIP) to 3.4%

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.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!