In the current round of 13F filings, hedge funds and other institutional investors are disclosing their equity portfolios as held at the end of the last year. In its latest 13F, Marcato Capital Management, managed by Richard Mcguire, revealed its holdings as held at the end of the fourth quarter of 2013.
The total value of Marcato’s equity portfolio jumped to $2.25 billion in the fourth quarter from $1.55 billion disclosed for the third quarter. In this article, we will talk about Marcato’s top five holdings in terms of value that the fund has held in its equity portfolio at the end of last year.
The first one is Lear Corp (NYSE:LEA), in which the fund disclosed 5.65 million shares, with a reported value of around $457.73 million. Lear Corp (NYSE:LEA) is a tier I supplier of automotive seating systems and related components to automotive manufacturers. The fund previously held the same number of shares; however, the stake has increased in value.
The second position was held by United Rentals Inc. (NYSE:URI). Marcato Capital Management, led by Richard Mcguire, revealed holding 4.41 million shares of United Rentals, with a total value of approximately $343.39 million. In the third quarter, the fund held an equal number of shares; however, the previous value was $256.78 million. The company is an equipment rental company.
The third position was held by NCR Corporation (NYSE:NCR) and the fund now owns around 8.18 million shares, worth $275.22 million. Previously, the fund held 6.41 million shares of NCR Corp, with a total value of $253.98 million.
Sothebys (NYSE:BID) is in the fourth slot, with Marcato increasing the holding to 4.56 million shares in the fourth quarter, compared to 3.36 million shares in the third quarter. The value of the holding rose to $242.75 million versus the earlier value of $165.22 million. The United States based firm is a global auctioneer of authenticated fine art, decorative and jewelry.
Last on the list of top five holdings of Richard Mcguire’s Marcato Capital Management was the newly added Macquaire Infrastructure Company LLC (NYSE:MIC). Marcato’s reported ownership of 3.58 million shares, which is equivalent to $195.05 million in value.