Tesla Motors Inc. (TSLA), KAR Auction Services Inc (KAR), Laboratory Corp. of America Holdings (LH): Bridger Management Loves These Stocks

In its latest 13F filing with the U.S. Securities and Exchange Commission, Bridger Management, run by Roberto Mignone, disclosed its holdings as held at the end of the second quarter of 2014. The fund reported 38 equity positions, with a total value of $1.42 billion. Over the quarter, the fund acquired eight positions, and sold out more than 10 holdings. We will take a look at the fund’s top three holdings, which include Tesla Motors Inc. (NASDAQ:TSLA), KAR Auction Services Inc (NYSE:KAR) and Laboratory Corp. of America Holdings (NYSE:LH).

BRIDGER MANAGEMENT

Tesla Motors Inc. (NASDAQ:TSLA) is first on the list. Bridger Management disclosed holding 380,000 shares of the automaker, which designs and manufactures electric vehicles. The value of the holding amounts to around $92 million. The stake represents an increase from 300,000 shares the fund held previously. Last month, Panasonic Corp. and Tesla Motors Inc. (NASDAQ:TSLA) announced that they teamed up to cooperate on the construction of a large-scale battery manufacturing plant in the United States, known as the ‘Gigafactory’.

Other largest shareholders of Tesla Motors Inc. (NASDAQ:TSLA) include Andor Capital Management, led by Daniel Benton, which owns 1.25 million shares, and John Thaler’s JAT Capital Management, which holds 948,778 shares of the company.

On the second position is KAR Auction Services Inc (NYSE:KAR), which operates used vehicle auction services for North American sellers and buyers worldwide. Bridger Management reported holding 2.40 million shares, worth $76.5 million. The stake remained changed over the quarter. KAR Auction Services Inc (NYSE:KAR) has a market cap of $4.2 billion, and its shares on Thursday traded down by 0.17% to $29.89. Early this month, the company announced that its business unit ADESA acquired a 50% stake in Toronto-based Nth Gen Software Inc. and its online vehicle remarketing system, TradeRev, for the total purchase price of about $30 million in cash.

Aside from Bridger Management, Eminence Capital, run by Ricky Sandler, and Daniel S. Och’s OZ Management disclosed holding stakes in KAR Auction Services Inc (NYSE:KAR). Eminence Capital owns 5.46 million shares and OZ Management reported ownership of 5.03 million shares of the company.

Third position is occupied by Laboratory Corp. of America Holdings (NYSE:LH), in which Bridger Management revealed holding 657,500 shares, with a reported value of nearly $68 million. Previously, the fund held 350,000 shares of Laboratory Corp. of America Holdings (NYSE:LH), a clinical laboratory company that is a pioneer in commercializing new diagnostic technologies and the first in its industry to embrace genomic testing. It has a market cap of $9 billion.

Pzena Investment Management, led by Richard S. Pzena, holds 1.65 million shares of Laboratory Corp. of America Holdings (NYSE:LH). Another institutional investor, Ariel Investments, run by John W. Rogers, owns 1.09 million shares of the company.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
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

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines 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!