Mason Capital Management Boosts Stake in Hubbell Incorporated (HUB.A)

Kenneth Mario Garschina‘s Mason Capital Management has upped its position in Hubbell Incorporated (NYSE:HUB.A) to some 630,500 class A shares, from 493,900 shares owned previously, a new filing with the SEC revealed. Mason’s position amasses 8.8% of the class A of the company, following the increase. At the same time, the shareholder disclosed that it plans to review the investment in the company on a regular basis.

Hubbell Incorporated

In addition, Mason Capital owns around 1.14 million class B shares of Hubell, according to the fund’s latest 13F filing.

Hubbell Inco. Designs, manufactures and sells a range of electrical and electronic products for residential and non residential construction, industrial and utility applications. The company either sources complete products or manufactures in different locations around the world. The company will report its results for the previous year in a couple of weeks, while the company said earlier it expected its net sales to gain 5% for the full 2013.

Apart from Mason Capital Management, Royce & Associates, managed by Chuck Royce, held 1.19 million shares worth $124.51 million in the company at the end of the third quarter. Among the other hedge funds tracked by us, Phill Gross and Robert Atchinson’s Adage Capital Management also held approximately 584,000 shares worth $55.06 million in the same period.

With over $5.30 billion in its equity portfolio, Mason Capital Management focuses mainly on the Basic Materials sector. The fund, though it also has investments in Technology, Industrial Goods and Healthcare sectors.  The hedge fund owned 7.49 million shares worth $492.95 million in Energy Transfer Equity L P (NYSE:ETE), followed by 11.89 shares worth $401.09 million in Babcock & Wilcox Co (NYSE:BWC) at the end of the third quarter of 2013.

Disclosure: none

Recommended Reading:

Blue Mountain Capital Management Cuts Stake in Lexmark International Inc (LXK) Below 5%

Relational Investors To Appoint Director to SPX Corporation (SPW)’s Board

Trian Partners Trims its Stake in The Wendy’s Co (WEN)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

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!