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 - $6 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.
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 World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!