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.

Robert Pitts’ Steadfast Capital Reported 5.07% stake in $GTI

Robert Pitts’ Steadfast Capital filed 13G for its passive stake of 5.07% in GrafTech International Ltd. (GTI) on October 11th. The firm now has 7.37 million shares in GTI, almost double from its previous quarter’s 3.80 million shares holding. Besides, Steadfast Capital made no other filing against GTI after its last 13F. GTI tumbled in the third quarter after it dramatically crashed in early August. The stock has lost 25% so far. Steadfast Capital might enter at about $13 when the stock dropped to its 52-week low on October 4th. Now GTI is trading at $14.90 after days of rallying.

GrafTech International Ltd (NYSE:GTI)

In the second quarter, seventeen hedge fund portfolios had GTI. Chuck Royce’s Royce & Associates had 14.64 million shares after a decrease of 6% from Q1, giving the firm a 10.07% stake of GTI. Robert Pohly’s Samlyn Capital had 7.37 million shares or 5.07% stake, increasing by 10%. Robert Pitts’ Steadfast Capital expanded its position by 61% and owned 3.80 million shares as mentioned above.

Steadfast Capital Management is a New York-based privately owned hedge fund, providing services to pooled investment vehicles. The firm has a 13F portfolio of more than $2.7 billion, mainly investing in Financial, Technology, Basic Materials, and Healthcare sector. (Click to see another Steadfast Capital’s 13G filing for $OPEN on October 4th)

GrafTech International Ltd. engages in manufacturing and selling synthetic and natural graphite and carbon based products. The company has Industrial Materials segment and Engineered Solutions segment. The company markets its products through direct sales forces, independent sales representatives, and distributors. GrafTech International Ltd. was founded in 1886 with its headquarter in Parma, Ohio.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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!