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).
Asbury Automotive Group
, 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, according to ValueWalk
. 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 Management
725,000 shares valued at $23.2 million.
California-based Park West Asset Management reported owning 8.1% of Velti Plc
VELT). Velti Plc
VELT) is a company engaged in mobile marketing, as well as advertising technology and solutions. According to a statement
, the revenue of Velti Plc
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
VELT)’s CFO, Jeff Ross.
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
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.