Archer Capital Management Return, AUM, and Holdings

Archer Capital Management’s second largest stake at the end of the third quarter was in Comcast Corporation (NASDAQ:CMCSA), a worldwide known media and television broadcasting services company. The fund reported holdings its 410,000 shares, valued $14.52 million. This position counted for 12.69% of the fund’s portfolio. Comcast Corporation (NASDAQ:CMCSA) was one of 30 most popular stocks among hedge funds in Q3 of 2018.

There was only one new addition to the fund’s equity portfolio during the third quarter and that was Akorn, Inc.(NASDAQ:AKRX) in which the fund established a position that counted 80,600 shares that were worth $1.05 million. Akorn Inc. is an Illinois-based pharmaceutical company that develops, various pharmaceuticals and other consumer health products.

During the third quarter, the fund became more optimistic about some stocks that were already in its portfolio. Those include Wyndham Hotels & Resorts Inc (NYSE:WH), in which the fund boosted its position by 78% to 194,138 shares, worth $10.79 million, and NII Holdings Inc (NASDAQ:NIHD) it raised its stake by 23% to 528,323 shares, valued $3.01 million. It also increased its stake in BioScrip Inc (NASDAQ:BIOS) by 17% to 1.37 million shares that were valued $4.26 million.

On the other hand, Archer Capital Management decided to significantly reduce its stakes in Emerald Expositions Events, Inc. (NYSE:EEX) by 66% to 80,796 shares, and in Equinix Inc (NASDAQ:EQIX)  by 55% to 10,000 shares valued $ 4.33 million.

Disclosure: None

This article was originally published at Insider Monkey.