Aristeia Capital Management Returns, AUM, and Holdings

Aristeia Capital’s second largest stake was in Iacteractive Corp (NASDAQ:IAC) where the fund acquired 1,383,430 shares worth $299.82 million. IAC is a media and internet company which owns more than 150 brands related to dating, entertainment and more. Also in Q3 2018, the fund opted for adding 18 positions to its portfolio. The largest acquisition was in Seadrill LTD (NYSE:SDRL) where the fund purchased 5,584,341 shares valued at $138.38 million. Seadrill is a deepwater drilling company that operates worldwide providing services mainly to the petroleum industry. Another substantial investment was made in Fortive Corp (NYSE:FTV) purchasing 1,519,455 shares worth $127.94 million. Fortive is a conglomerate of 20 companies dedicated to industrial technologies.

Aristeia Capital seemed to have lost interest in several of its positions. It decreased its stake in 14 of them significantly. A considerable reduction was made to its holdings in Akamai Technologies (NASDAQ:AKAM) where it lowered its investment by 97% holding now 3,611 shares worth $264,000. Another remarkable reduction can be noticed in its stake in Herbalife Nutrition LTD (NYSE:HLF) decreased by 94% to 21,436 shares worth a value of $1.17 million.

The fund decided to say goodbye to 21 of its positions this Q3 2018. For instance, it sold the total of its stake at Avaya Holdings Corp (NYSE:AVYA) in which previously held 146 000 shares with a value of $2.93 million and MDC Partners Inc (NASDAQ:MDCA) dumping its 136,100 shares valued at $626 000.

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This article was originally published at Insider Monkey.