Sealed Air Corp. (SEE), Grace (W.R.) & Co. (GRA): Iridian Asset Management Discloses 13F Portfolio for Q2

In Grace (W.R.) & Co. (NYSE:GRA), Iridian Asset Management disclosed holding 5.76 million shares worth at $569.85 million, which represents 4.80% of the fund’s equity portfolio. In February, the Grace (W.R.) & Co. (NYSE:GRA) announced its plan to create by the first quarter of 2016, two new industry-leading publicly traded companies. The chemical specialty company believes that this separation will lead to improve strategic focus, simplify operating structures, become more efficient in capital allocation and create strong financial profiles. As stated in Grace Reports first quarter 2015 results, net income increase by 5.2% to $52.7 million and diluted EPS of $0.72 comparing the same period of 2014. John Griffin’s Blue Ridge Capital and Stephen Mandel’s Lone Pine Capital are also prominent investors with large positions in Grace (W.R.) & Co. (NYSE:GRA).

Finally, Delta Air Lines Inc. (NYSE:DAL) represents the forth-biggest position of the fund in terms of value. Iridian Asset Management boosted its stake in the world’s largest global airlines by 40% to 10.8 million shares valued at $485.65 million. Delta Air Lines Inc. (NYSE:DAL) was titled by Fortune magazine as being one of the most admired companies and its services are offered to more than 170 million customers per year. For the first quarter, Detla’s net income surged to $746 million, or $0.91 per share, versus $213 million and $0.25 per share a year earlier. In the previous round of 13F filings, Delta Air Lines Inc. (NYSE:DAL) was the most popular airline stock among the billionaires from our database. Other shareholders that hold large positions in Delta Air Lines Inc. (NYSE:DAL) is PAR Capital Management, run by Paul Reeder and Edward Shapiro and Andreas Halvorsen’s Viking Global.

Disclosure: none