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Hedge Funds’ Latest Acquisitions

Among many filings made with the Securities and Exchange Commission (SEC), there are several that are particularly crucial; these are 13Gs or 13Ds. These filings show the current actions in the hedge fund world. Today, let’s take a closer look to some of the recent filings which involve Eminence Capital and Asbury Automotive Group, Inc. (NYSE:ABG), Park West Asset Management and Velti Plc (NASDAQ:VELT), and Scout Capital Management and SeaWorld Entertainment Inc (NYSE:SEAS).

Ricky Sandler
Asbury Automotive Group

Eminence Capital, managed by Ricky Sandler, recently disclosed a 5.5% stake in Asbury Automotive Group, Inc. (NYSE:ABG). Eminence Capital posted a 23.19% return in 2012. In this way, Asbury Automotive Group, Inc. (NYSE:ABG) will join other 66 holdings owned by Eminence Capital, according to our database.  Some other positions in the fund’s equity portfolio include Google Inc (NASDAQ:GOOG) and Advance Auto Parts, Inc. (NYSE:AAP). At the same time, it is important to mention some other funds that own shares of Asbury Automotive Group, Inc. (NYSE:ABG), such as AQR Capital Management with 304,019 shares and Phill Gross and Robert Atchinson’s Adage Capital Managementowning 725,000 shares valued at $23.2 million.

California-based Park West Asset Management reported owning 8.1% of Velti Plc (NASDAQ:VELT). Velti Plc (NASDAQ:VELT) is a company engaged in mobile marketing, as well as advertising technology and solutions. According to a statement, the revenue of Velti Plc (NASDAQ:VELT) jumped by 43% on the year to $270.3 million in FY2012. “We believe that 2013 will be a transitional year allowing us to deliver significant revenue growth in our business in the key markets as well as significantly improved cash flow, […] We further believe that we will show sequential growth and financial improvement throughout the year and beyond,” a statement quoted Velti Plc (NASDAQ:VELT)’s CFO, Jeff Ross.
SeaWorld Entertainment

James Crichton and Adam Weiss’ Scout Capital Management opened a new position in SeaWorld Entertainment Inc (NYSE:SEAS), which represents a 7.8% stake. Scout Capital Management is a mega-fund, so to speak, and aside SeaWorld Entertainment Inc (NYSE:SEAS), it holds 53 positions worth a total 13F value of $5.8 billion. Some other holdings of the Scout Capital Management are Wesco Aircraft Holdings Inc (NYSE:WAIR), Tripadvisor Inc (NASDAQ:TRIP), and Tesla Motors Inc (NASDAQ:TSLA).

Final thoughts

It is extremely beneficial to track hedge funds’ activity, while being up-to-date with their latest moves. In order to outrun your peers in the hedge fund world by always being informed, check out our premium strategy.

Disclosure: none

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