Sabal Capital Management Was Right to Buy More Shares of GameStop Corp. (GME), Time Warner Inc (TWX) and Other Companies

OSI Systems, Inc. (NASDAQ:OSIS) represented a new position in Sabal’s equity portfolio, as the fund amassed 62,608 shares worth $3.64 million during the second quarter. The move to initiate a stake in the company was timely, as the stock gained 12.5% in the third quarter. Overall, during the second quarter, the number of funds from our database long OSI Systems went up by four to 11.  The largest stake in OSI Systems, Inc. (NASDAQ:OSIS) was held by Tremblant Capital, which reported holding $21 million worth of stock at the end of June. It was followed by G2 Investment Partners Management with a $4.8 million position. Other investors bullish on the company included Sabal Capital Management, PEAK6 Capital Management, and Millennium Management.

Then there’s Nomad Foods Limited (NYSE:NOMD), in which Sabal raised its stake by 62% on the quarter to 449,775 shares worth $3.59 million at the end of June. The stock surged by 48.1% in the third quarter, improving the returns of 33 funds from our database that held shares of the company heading into the quarter, versus 31 funds a quarter earlier. The largest stake was held by Bill Ackman’s Pershing Square, which reported ownership of $266 million worth of Nomad Foods Limited (NYSE:NOMD)’s stock. Sitting at the No. 2 spot was Keith Meister of Corvex Capital, with a $123.1 million position. Some other members of the smart money with similar optimism included Dan Loeb’s Third Point, Ken Griffin’s Citadel Investment Group and Robert Pohly’s Samlyn Capital.