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 Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!