Phill Gross And Robert Atchinson’s Adage Capital Raised Stake in $CSL

Phill Gross and Robert Atchinson’s Adage Capital reported 5.01% passive stake in Carlisle Companies Inc. (CSL) on December 1st. According to the filing, Adage Capital now has 3.08 million shares in CSL. This is a 48% expansion in Adage Capital’s position after the firm reported 2.08 million shares at the end of September. Adage Capital might buy at below $40 per share to build the position. CSL recognized a strong uptrend after the third quarter. The stock has increased by 50% since the end of September, and has returned 10% year to date. CSL is now priced at $43.74.

Phill Gross

Fifteen hedge funds invested in CSL in the second quarter. Chuck Royce’s Royce & Associates took the most, with 1.25 million shares. This was after the firm boosted its position by 39%. John Murphy’s Alydar Capital decreased its position by 22%, and had 350 thousand shares in the stock. Matthew Lindenbaum’s Basswood Capital reported 275 thousand shares in CSL, after a 9% decrease. Adage Capital reported 90 thousand shares at that time.

Boston based Adage is founded by Phil Gross and Robert Atchinson in 2001. Gross was initially a healthcare and retail analyst at the Harvard Management Company. Later he became a partner at HMC where he spent 18 years. Atchinson was also at the Harvard Management Company from 1991 to 2001. According to Harvard Magazine, Gross’ and Atchinson’s team at the Harvard Management Company outperformed the S&P 500 index by an average of 4.5 percentage points annually. Harvard Management Company hired Adage to manage $1.8 Billion and they held a minority interest in Adage as well.

Per Google Finance, Carlisle Companies Incorporated is “a holding company for Carlisle Corporation, and its wholly owned subsidiaries. Carlisle is a diversified manufacturing company, which manufacture and distribute a range of products. Its product lines serve the construction materials, commercial roofing, energy, agriculture, lawn and garden, mining and construction equipment, aerospace and electronics, dining and food delivery, and healthcare. It operates through five segments: Carlisle Construction Material, Carlisle Transportation Products, Carlisle Brake & Friction, Carlisle Interconnect Technologies and Carlisle FoodService Products. It markets its products as a component supplier to original equipment manufacturers, distributors, as well as directly to end-users. On February 2, 2010, it sold all its refrigerated truck bodies business. In October 2010, it sold Trail King Industries, Inc., its specialty trailer business. On December 2010, it acquired Hawk Corp.”

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 Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

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!