A 6-Pack of Hedge Fund Moves to Take Note Of

Page 2 of 2

Another billionaire, Mario Gabelli and Gamco shared that they now hold a 4.1% passive stake in Lennar Corporation (NYSE:LEN), the third largest homebuilder in the U.S. Gabelli typically goes for cheap stocks in secularly bullish industries and this case is no different. Lennar should benefit from its executive planned estate and apartment rental businesses, both of which are expected to generate a significant portion of the company’s growth over the next half-decade.

In a similar light, Ricky Sandler’s Eminence Capital now owns a significant chunk of Group 1 Automotive, Inc. (NYSE:GPI) in a passive stake reported on Tuesday. This is a new position for Sandler and crew, and shares of the car dealership operator were up slightly last week on the news.

Steve Cohen and SAC Capital, lastly, now own over 5% over Arrowhead Research Corp (NASDAQ:ARWR), a bio-therapeutics company that specializes in nanomedicine. Wayne Holman’s Ridgeback Capital also followed Cohen into Arrowhead last week and biotech guru Peter Kolchinsky is long, so we’ll be watching this stock closely.

Disclosure: none

Page 2 of 2