Should You Follow Orbis Investment Management into XPO Logistics Inc (XPO)?

Orbis Investment Management  sold 4% of its position in Motorola Solutions Inc (NYSE:MSI) in the second quarter, ending the period with a total of 131,941 shares of the company, valued at about $8.70 million. In the following three months, amid a 16.2% gain registered by the stock, Orbis trimmed the position by another 6% to 123,716 shares valued at  $9.44 million. Among the funds we track, Motorola Solutions Inc (NYSE:MSI) was in 29 funds’ portfolios at the end of June, down by three over the quarter. Omega Advisors had a $83.2 million position in the company. Other investors bullish on the company included Renaissance Technologies, Criterion Capital, and D E Shaw.

Orbis Investment was long Liberty Broadband Corp (NASDAQ:LBRDK) with 120,367 shares valued at $7.22 million at the end of June and slightly lowered the stake to 115,764 shares worth $8.28 million during the following three months, as the stock advanced by 19.1%.  Overall, there were 43 funds from our database held shares of Liberty Broadband at the end of June, down by four over the quarter. The largest stake in Liberty Broadband Corp (NASDAQ:LBRDK) was held by JANA Partners, which reported holding $552.5 million worth of stock as of the end of June. It was followed by Coatue Management with a $533.5 million position. Other investors bullish on the company included Soros Fund Management, Soroban Capital Partners, and Wallace R. Weitz & Co..

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